Wells Fargo Real Estate Investment (WFE) 10-Q 7 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
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	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest income	$ 319,866	$ 166,183	$ 630,481	$ 329,674
Net interest income	319,616	166,030	630,231	328,917
Provision for credit losses	18,118	5,903	26,201	11,431
Net interest income after provision for credit losses	301,498	160,127	604,030	317,486
Noninterest income
Other fees	17	116	201	228
Total noninterest income	14,892	4,138	28,675	7,970
Noninterest expense
Loan servicing costs		8,815		17,546
Foreclosed assets	2,052	3,215	4,411	6,453
Other	143	16	338	298
Total noninterest expense	27,290	15,537	55,508	31,699
Net income	289,100	148,728	577,197	293,757
Comprehensive income	289,100	148,728	577,197	293,757
Dividends on preferred stock	4,397	4,397	8,794	8,794
Net income applicable to common stock	$ 284,703	$ 144,331	$ 568,403	$ 284,963
Per common share information
Earnings per common share (in dollars per share)	$ 8.36	$ 11.19	$ 16.69	$ 22.09
Diluted earnings per common share (in dollars per share)	8.36	11.19	16.69	22.09
Dividends declared per common share (in dollars per share)	$ 8.37	$ 10.85	$ 16.88	$ 21.70
Average common shares outstanding (in shares)	34,058	12,900	34,058	12,900
Diluted average common shares outstanding (in shares)	34,058	12,900	34,058	12,900

Balance Sheet

Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 1,407	$ 971,349
Loans	33,850,075	31,309,993
Allowance for loan losses	(143,389)	(123,877)
Net loans	33,706,686	31,186,116
Accounts receivable - affiliates, net	154,371	155,813
Other assets	89,797	85,133
Total assets	33,952,261	32,398,411
Liabilities
Line of credit with Bank	1,561,588	0
Other liabilities	3,086	4,227
Total liabilities	1,564,674	4,227
Stockholders’ Equity
Preferred stock	110	110
Common stock – $0.01 par value, authorized 100,000,000 shares; issued and outstanding 34,058,028 shares	341	341
Additional paid-in capital	32,550,660	32,550,660
Retained earnings (deficit)	(163,524)	(156,927)
Total stockholders’ equity	32,387,587	32,394,184
Total liabilities and stockholders’ equity	$ 33,952,261	$ 32,398,411

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
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	34,058,028
Common stock, shares issued	34,058,028	34,058,028

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, 2015	$ 12,412,907			$ 110	$ 129	$ 12,550,822	$ (138,154)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	293,757						293,757
Cash dividends
Preferred securities		$ (8,766)	$ (28)					$ (8,766)	$ (28)
Common stock	(280,000)						(280,000)
Ending balance at Jun. 30, 2016	12,417,870			110	129	12,550,822	(133,191)
Beginning balance at Dec. 31, 2016	32,394,184			110	341	32,550,660	(156,927)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	577,197						577,197
Cash dividends
Preferred securities		$ (8,766)	$ (28)					$ (8,766)	$ (28)
Common stock	(575,000)						(575,000)
Ending balance at Jun. 30, 2017	$ 32,387,587			$ 110	$ 341	$ 32,550,660	$ (163,524)

Statement of Changes in Stockh6

Statement of Changes in Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Common stock, dividend per share (in dollars per share)	$ 16.88	$ 21.70
Series A Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	0.80	0.80
Series B Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	$ 42.50	$ 42.50

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 577,197	$ 293,757
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of adjustments on loans	(6,262)	(37,844)
Provision for credit losses	26,201	11,431
Other operating activities, net	(11,081)	(5,350)
Net cash provided by operating activities	586,055	261,994
Increase (decrease) in cash realized from Loans:
Acquisitions	(4,707,964)	(2,313,927)
Proceeds from payments and sales	2,174,173	1,540,073
Net cash used by investing activities	(2,533,791)	(773,854)
Increase (decrease) in cash realized from
Draws on line of credit with Bank	1,561,588	1,774,496
Repayments of line of credit with Bank	0	(973,842)
Cash dividends paid	(583,794)	(288,794)
Net cash provided by financing activities	977,794	511,860
Net change in cash and cash equivalents	(969,942)	0
Cash and cash equivalents at beginning of period	971,349	0
Cash and cash equivalents at end of period	1,407	0
Change in noncash items:
Transfer from loans to foreclosed assets	$ 6,263	$ 8,519

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
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, 2016 ( 2016 Form 10-K). There were no material changes to these policies in second quarter 2017. 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 significantly different 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 2016 Form 10-K. 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. Subject to completion of our assessment, we are not expecting this Update to have a material impact on our financial statements. Third Quarter 2016 Common Stock Issuance and Related Loan Acquisitions On August 26, 2016, the Company issued and sold 21.2 million shares of common stock to affiliates of the Company for an aggregate purchase price of $20.0 billion . Following the issuance, indirect wholly-owned subsidiaries of the Bank continue to own 100% of the Company’s common stock. Subsequent to the issuance, the Company used the proceeds along with existing funds to acquire $19.1 billion of real estate 1-4 family first mortgage loans and $1.9 billion of commercial secured by real estate loans. Subsequent Events We have evaluated the effects of events that have occurred subsequent to June 30, 2017 . There were no material subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2017
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 55% of our total loan balance at June 30, 2017 . The following table presents total loans outstanding by portfolio segment and class of financing receivable. Outstanding balances include a total net reduction of $11.6 million and net addition of $65.5 million at June 30, 2017 and December 31, 2016 , respectively, for unamortized premiums and discounts. (in thousands) Jun 30, Dec 31, Total commercial $ 3,610,269 3,984,881 Consumer: Real estate 1-4 family first mortgage 29,276,380 26,236,047 Real estate 1-4 family junior lien mortgage 963,426 1,089,065 Total consumer 30,239,806 27,325,112 Total loans $ 33,850,075 31,309,993 The following table summarizes the proceeds paid or received from the Bank for acquisitions and sales of loans, respectively. 2017 2016 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended June 30, Loan acquisitions $ — 4,707,964 4,707,964 — 2,313,927 2,313,927 Loan sales — (42,834 ) (42,834 ) (128 ) (3,248 ) (3,376 ) Six months ended June 30, Loan acquisitions $ — 4,707,964 4,707,964 — 2,313,927 2,313,927 Loan sales — (57,029 ) (57,029 ) (128 ) (5,085 ) (5,213 ) Commitments to Lend The contract or notional amount of commercial loan commitments to extend credit was $504.5 million at June 30, 2017 and $438.0 million at December 31, 2016 . 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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Balance, beginning of period $ 127,334 119,453 125,029 121,538 Provision for credit losses 18,118 5,903 26,201 11,431 Interest income on certain impaired loans (1) (1,267 ) (1,600 ) (2,608 ) (2,780 ) Loan charge-offs: Total commercial — (8 ) (11 ) (10 ) Consumer: Real estate 1-4 family first mortgage (2,232 ) (5,032 ) (5,800 ) (9,356 ) Real estate 1-4 family junior lien mortgage (2,719 ) (5,350 ) (7,967 ) (11,956 ) Total consumer (4,951 ) (10,382 ) (13,767 ) (21,312 ) Total loan charge-offs (4,951 ) (10,390 ) (13,778 ) (21,322 ) Loan recoveries: Total commercial 12 9 29 29 Consumer: Real estate 1-4 family first mortgage 2,042 1,402 3,153 2,445 Real estate 1-4 family junior lien mortgage 3,159 3,253 6,421 6,689 Total consumer 5,201 4,655 9,574 9,134 Total loan recoveries 5,213 4,664 9,603 9,163 Net loan recoveries (charge-offs) 262 (5,726 ) (4,175 ) (12,159 ) Balance, end of period $ 144,447 118,030 144,447 118,030 Components: Allowance for loan losses $ 143,389 117,422 143,389 117,422 Allowance for unfunded credit commitments 1,058 608 1,058 608 Allowance for credit losses $ 144,447 118,030 144,447 118,030 Net loan charge-offs (annualized) as a percentage of average total loans — % 0.18 0.03 0.19 Allowance for loan losses as a percentage of total loans 0.42 0.84 0.42 0.84 Allowance for credit losses as a percentage of total loans 0.43 0.84 0.43 0.84 (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. 2017 2016 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended June 30, Balance, beginning of period $ 28,192 99,142 127,334 17,777 101,676 119,453 Provision (reversal of provision) for credit losses (829 ) 18,947 18,118 (2,770 ) 8,673 5,903 Interest income on certain impaired loans — (1,267 ) (1,267 ) — (1,600 ) (1,600 ) Loan charge-offs — (4,951 ) (4,951 ) (8 ) (10,382 ) (10,390 ) Loan recoveries 12 5,201 5,213 9 4,655 4,664 Net loan recoveries (charge-offs) 12 250 262 1 (5,727 ) (5,726 ) Balance, end of period $ 27,375 117,072 144,447 15,008 103,022 118,030 Six months ended June 30, Balance, beginning of period $ 29,644 95,385 125,029 17,676 103,862 121,538 Provision (reversal of provision) for credit losses (2,287 ) 28,488 26,201 (2,687 ) 14,118 11,431 Interest income on certain impaired loans — (2,608 ) (2,608 ) — (2,780 ) (2,780 ) Loan charge-offs (11 ) (13,767 ) (13,778 ) (10 ) (21,312 ) (21,322 ) Loan recoveries 29 9,574 9,603 29 9,134 9,163 Net loan recoveries (charge-offs) 18 (4,193 ) (4,175 ) 19 (12,178 ) (12,159 ) Balance, end of period $ 27,375 117,072 144,447 15,008 103,022 118,030 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 June 30, 2017 Collectively evaluated (1) $ 26,281 49,129 75,410 3,606,217 29,799,448 33,405,665 Individually evaluated (2) 1,094 67,943 69,037 4,052 429,390 433,442 Purchased credit-impaired (PCI) (3) — — — — 10,968 10,968 Total $ 27,375 117,072 144,447 3,610,269 30,239,806 33,850,075 December 31, 2016 Collectively evaluated (1) $ 28,535 21,915 50,450 3,980,501 26,860,682 30,841,183 Individually evaluated (2) 1,109 73,470 74,579 3,236 451,070 454,306 PCI (3) — — — 1,144 13,360 14,504 Total $ 29,644 95,385 125,029 3,984,881 27,325,112 31,309,993 (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 March 31, 2017 . 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) Total June 30, 2017 By risk category: Pass $ 3,603,977 Criticized 6,292 Total commercial loans $ 3,610,269 December 31, 2016 By risk category: Pass $ 3,976,801 Criticized 8,080 Total commercial loans $ 3,984,881 The following table provides past due information for commercial loans, which we monitor as part of our credit risk management practices. (in thousands) Total June 30, 2017 By delinquency status: Current-29 days past due (DPD) and still accruing $ 3,604,863 30-89 DPD and still accruing 2,262 90+ DPD and still accruing — Nonaccrual loans 3,144 Total commercial loans $ 3,610,269 December 31, 2016 By delinquency status: Current-29 DPD and still accruing $ 3,981,306 30-89 DPD and still accruing — 90+ DPD and still accruing 975 Nonaccrual loans 2,600 Total commercial loans $ 3,984,881 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. Many of our loss estimation techniques used for the allowance for credit losses rely on delinquency-based 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 June 30, 2017 By delinquency status: Current-29 DPD $ 29,142,892 927,949 30,070,841 30-59 DPD 38,018 11,674 49,692 60-89 DPD 16,690 7,276 23,966 90-119 DPD 8,611 3,393 12,004 120-179 DPD 10,910 4,534 15,444 180+ DPD 65,829 12,268 78,097 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By delinquency status: Current-29 DPD $ 26,083,077 1,046,385 27,129,462 30-59 DPD 50,197 14,254 64,451 60-89 DPD 23,740 8,216 31,956 90-119 DPD 9,962 5,493 15,455 120-179 DPD 9,945 3,971 13,916 180+ DPD 66,606 14,168 80,774 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112 The following table provides a breakdown of our consumer portfolio by FICO. The June 30, 2017 FICO scores for real estate 1-4 family first and junior lien mortgages reflect a new FICO score version we adopted in first quarter 2017 to monitor and manage those portfolios. In general the impact for us is a shift to higher scores, particularly to the 800+ level, as the new FICO score version utilizes a more refined approach that better distinguishes borrower credit risk. 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 June 30, 2017 (1) By FICO: < 600 $ 186,774 81,549 268,323 600-639 149,361 56,189 205,550 640-679 314,689 98,919 413,608 680-719 954,729 176,946 1,131,675 720-759 2,403,104 179,392 2,582,496 760-799 5,750,042 138,894 5,888,936 800+ 19,327,000 216,860 19,543,860 No FICO available 197,251 18,345 215,596 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By FICO: < 600 $ 227,775 114,855 342,630 600-639 183,318 76,631 259,949 640-679 490,005 132,398 622,403 680-719 1,283,767 198,166 1,481,933 720-759 3,668,121 213,787 3,881,908 760-799 12,926,891 229,558 13,156,449 800+ 7,328,038 113,112 7,441,150 No FICO available 135,612 13,980 149,592 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112 (1) June 30, 2017 amounts reflect updated FICO score version implemented in first quarter 2017. 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 June 30, 2017 By LTV/CLTV: 0-60% $ 14,235,108 311,034 14,546,142 60.01-80% 13,261,736 266,789 13,528,525 80.01-100% 1,539,382 237,439 1,776,821 100.01-120% (1) 159,152 106,591 265,743 > 120% (1) 70,723 43,752 114,475 No LTV/CLTV available 16,849 1,489 18,338 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By LTV/CLTV: 0-60% $ 12,639,979 347,932 12,987,911 60.01-80% 11,995,186 297,037 12,292,223 80.01-100% 1,362,748 271,230 1,633,978 100.01-120% (1) 155,553 124,467 280,020 > 120% (1) 69,990 50,226 120,216 No LTV/CLTV available 20,071 1,595 21,666 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112 (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 because they continue to earn interest from accretable yield, independent of performance in accordance with their contractual terms . (in thousands) Jun 30, Dec 31, Total commercial 3,144 2,600 Consumer: Real estate 1-4 family first mortgage 157,092 165,117 Real estate 1-4 family junior lien mortgage 43,378 48,806 Total consumer 200,470 213,923 Total nonaccrual loans (excluding PCI) $ 203,614 216,523 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 $1.0 million at June 30, 2017 , and $2.3 million at December 31, 2016 , 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) Jun 30, 2017 Dec 31, 2016 Total commercial $ — — Consumer: Real estate 1-4 family first mortgage 4,495 4,962 Real estate 1-4 family junior lien mortgage 1,746 2,545 Total consumer 6,241 7,507 Total past due (excluding PCI) $ 6,241 7,507 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 $10.2 million at June 30, 2017 and $11.8 million at December 31, 2016 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses June 30, 2017 Total commercial $ 5,840 4,052 4,052 1,094 Consumer: Real estate 1-4 family first mortgage 402,221 334,405 234,238 46,944 Real estate 1-4 family junior lien mortgage 111,764 94,985 78,245 20,999 Total consumer 513,985 429,390 312,483 67,943 Total impaired loans (excluding PCI) $ 519,825 433,442 316,535 69,037 December 31, 2016 Total commercial $ 3,940 3,236 3,236 1,109 Consumer: Real estate 1-4 family first mortgage 419,497 349,627 247,525 49,486 Real estate 1-4 family junior lien mortgage 111,967 101,443 83,887 23,984 Total consumer 531,464 451,070 331,412 73,470 Total impaired loans (excluding PCI) $ 535,404 454,306 334,648 74,579 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 June 30, Six months ended June 30, 2017 2016 2017 2016 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Average Recognized interest income Average recorded investment Recognized interest income Total commercial $ 4,090 11 3,737 43 3,669 23 3,862 49 Consumer: Real estate 1-4 family first mortgage 339,082 5,347 372,878 5,705 342,657 10,753 376,513 11,253 Real estate 1-4 family junior lien mortgage 96,980 2,050 111,626 2,312 98,472 4,199 113,691 4,695 Total consumer 436,062 7,397 484,504 8,017 441,129 14,952 490,204 15,948 Total impaired loans $ 440,152 7,408 488,241 8,060 444,798 14,975 494,066 15,997 Interest income: Cash basis of accounting $ 2,157 2,460 4,315 4,932 Other (1) 5,251 5,600 10,660 11,065 Total interest income $ 7,408 8,060 14,975 15,997 (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 $432.5 million and $454.3 million at June 30, 2017 and December 31, 2016 , respectively. We do not consider loan resolutions, such as foreclosure or short sale to be a TDR. We may require some consumer borrowers experiencing financial difficulty to make trial payments generally for a period of three to four months, according to the terms of a planned permanent modification, to determine if they can perform according to those terms. These arrangements represent trial modifications, which we classify and account for as TDRs. While loans are in trial payment programs, their original terms are not considered modified and they continue to advance through delinquency status and accrue interest according to their original terms. The following table summarizes our TDR modifications for the periods presented by primary modification type and includes the financial effects of these modifications. 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 June 30, 2017 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 2,339 2,211 2,169 6,719 87 3.59 3,898 Real estate 1-4 family junior lien mortgage 463 556 540 1,559 135 3.88 870 Trial modifications (6) — — 1,871 1,871 — — — Total consumer 2,802 2,767 4,580 10,149 222 3.65 4,768 Total $ 2,802 2,767 4,580 10,149 222 3.65 % $ 4,768 Quarter ended June 30, 2016 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 1,911 2,477 4,129 8,517 508 3.32 3,544 Real estate 1-4 family junior lien mortgage 611 1,434 1,318 3,363 381 3.74 1,872 Trial modifications (6) — — (1,665 ) (1,665 ) — — — Total consumer 2,522 3,911 3,782 10,215 889 3.47 5,416 Total $ 2,522 3,911 3,782 10,215 889 3.47 % $ 5,416 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) Six months ended June 30, 2017 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 6,444 5,095 5,156 16,695 528 3.45 8,689 Real estate 1-4 family junior lien mortgage 1,089 1,763 1,579 4,431 316 4.56 2,246 Trial modifications (6) — — 678 678 — — — Total consumer 7,533 6,858 7,413 21,804 844 3.68 10,935 Total $ 7,533 6,858 7,413 21,804 844 3.68 % $ 10,935 Six months ended June 30, 2016 Total commercial $ — — 1,848 1,848 — — % $ — Consumer: Real estate 1-4 family first mortgage 3,835 4,979 9,870 18,684 1,039 3.48 7,688 Real estate 1-4 family junior lien mortgage 683 2,687 2,345 5,715 1,041 3.80 3,164 Trial modifications (6) — — (2,314 ) (2,314 ) — — — Total consumer 4,518 7,666 9,901 22,085 2,080 3.57 10,852 Total $ 4,518 7,666 11,749 23,933 2,080 3.57 % $ 10,852 (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 $1.8 million and $2.2 million for the quarters ended June 30, 2017 and 2016 , and $5.0 million and $4.2 million for the first half of 2017 and 2016 , 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 loans discharged in bankruptcy, 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 $222 thousand and $439 thousand for the quarters ended June 30, 2017 and 2016 , and $618 thousand and $745 thousand for the first half of 2017 and 2016 , 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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Total commercial $ — — — 807 Consumer: Real estate 1-4 family first mortgage 651 375 1,070 924 Real estate 1-4 family junior lien mortgage 506 61 563 312 Total consumer 1,157 436 1,633 1,236 Total $ 1,157 436 1,633 2,043

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016 , 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 2016 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 June 30, 2017 Financial assets Cash and cash equivalents (1) $ 1,407 1,407 — — 1,407 Loans, net (2) 33,706,686 — — 34,708,897 34,708,897 Financial liabilities Line of credit with Bank (1) 1,561,588 — — 1,561,588 1,561,588 December 31, 2016 Financial assets Cash and cash equivalents (1) $ 971,349 971,349 — — 971,349 Loans, net (2) 31,186,116 — — 31,732,422 31,732,422 Financial liabilities Line of credit with Bank (1) — — — — — (1) Amounts consist of financial instruments in which carrying value approximates fair value. (2) Carrying amount is net of allowance for loan losses.

Common and Preferred Stock

Common and Preferred Stock	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Common and Preferred Stock	Note 4: Common and Preferred Stock The following table provides details of our authorized common and preferred stock. June 30, 2017 and December 31, 2016 Liquidation Shares Shares Par value Carrying Preferred stock: Series A 6.375%, Cumulative, Perpetual Series A Preferred Stock $ 25 11,000,000 11,000,000 $ 0.01 110,000 Series B $85 Annual Dividend Per Share, Cumulative, Perpetual Series B Preferred Stock 1,000 1,000 667 0.01 7 Common stock 100,000,000 34,058,028 0.01 340,580 Total 111,001,000 45,058,695 $ 450,587 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, including the ability of the Company to redeem each series, is included in Note 5 (Common and Preferred Stock) to Financial Statements in our 2016 Form 10-K. The certificate of designation for the Series A preferred stock limits our ability to pay dividends on our common stock or make any payment of interest or principal on our line of credit with the Bank if the dividend coverage ratio for the four prior fiscal quarters is less than 150% . The dividend coverage ratio, expressed as a percentage, is calculated by dividing the four prior fiscal quarters’ funds from operations, defined as GAAP net income excluding gains or losses from sales of property, by the amount that would be required to pay annual dividends on the Series A and Series B preferred stock. At June 30, 2017 , the dividend coverage ratio was 6,068% .

Transactions With Related Parti

Transactions With Related Parties	6 Months Ended
	Jun. 30, 2017
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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Income statement data Interest income: Net accretion of adjustments on loans $ 2,369 20,449 6,262 37,844 Interest on deposits 5,716 239 8,496 239 Total interest income 8,085 20,688 14,758 38,083 Pledge fees 14,875 4,022 28,474 7,742 Interest expense 250 153 250 757 Loan servicing costs 19,236 8,816 37,988 17,540 Management fees 5,859 3,491 12,771 7,402 (in thousands) Jun 30, Dec 31, Balance sheet related data Cash and cash equivalents $ 1,407 971,349 Loan acquisitions (year-to-date) 4,707,964 23,339,146 Proceeds from common stock issuance (year-to-date) — 20,000,050 Loan sales (book value) (year-to-date) (57,184 ) (424,556 ) Pledged loans (carrying value) (1) 17,855,755 20,239,773 Foreclosed asset sales (year-to-date) (6,963 ) (10,915 ) Line of credit with Bank 1,561,588 — Accounts receivable - affiliates, net 154,371 155,813 (1) The fair value of pledged loans was approximately $18.4 billion and $20.4 billion at June 30, 2017 and December 31, 2016 , 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 or premium amortization is reported within interest income. Gains or losses on sales of loans are included within noninterest income. The certificate of designation for the Series A preferred stock limits our ability to pledge loans to 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 June 30, 2017 and June 30, 2016 , the fee was equal to an annual rate of 34 basis points ( 0.34% ) and 28 basis points ( 0.28% ), 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 include direct and indirect expense allocations. Indirect expenses are allocated based on ratios that use our proportion of expense activity drivers. The expense activity drivers and ratios may change from time to time. 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 paydowns, 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)	6 Months Ended
	Jun. 30, 2017
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, 2016 ( 2016 Form 10-K). There were no material changes to these policies in second quarter 2017. 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 significantly different 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 2016 Form 10-K.
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.
Subsequent Events	Subsequent Events We have evaluated the effects of events that have occurred subsequent to June 30, 2017 . There were no material subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements.
Accounting Standards Update 2016-15 [Member]
Significant Accounting Policies [Line Items]
Accounting Standards with Retrospective Application [Policy Text Block]	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. Subject to completion of our assessment, we are not expecting this Update to have a material impact on our financial statements.

Loans and Allowance for Credi14

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans and Allowance for Credit Losses, Loans Outstanding	The following table presents total loans outstanding by portfolio segment and class of financing receivable. Outstanding balances include a total net reduction of $11.6 million and net addition of $65.5 million at June 30, 2017 and December 31, 2016 , respectively, for unamortized premiums and discounts. (in thousands) Jun 30, Dec 31, Total commercial $ 3,610,269 3,984,881 Consumer: Real estate 1-4 family first mortgage 29,276,380 26,236,047 Real estate 1-4 family junior lien mortgage 963,426 1,089,065 Total consumer 30,239,806 27,325,112 Total loans $ 33,850,075 31,309,993
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. 2017 2016 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended June 30, Loan acquisitions $ — 4,707,964 4,707,964 — 2,313,927 2,313,927 Loan sales — (42,834 ) (42,834 ) (128 ) (3,248 ) (3,376 ) Six months ended June 30, Loan acquisitions $ — 4,707,964 4,707,964 — 2,313,927 2,313,927 Loan sales — (57,029 ) (57,029 ) (128 ) (5,085 ) (5,213 )
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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Balance, beginning of period $ 127,334 119,453 125,029 121,538 Provision for credit losses 18,118 5,903 26,201 11,431 Interest income on certain impaired loans (1) (1,267 ) (1,600 ) (2,608 ) (2,780 ) Loan charge-offs: Total commercial — (8 ) (11 ) (10 ) Consumer: Real estate 1-4 family first mortgage (2,232 ) (5,032 ) (5,800 ) (9,356 ) Real estate 1-4 family junior lien mortgage (2,719 ) (5,350 ) (7,967 ) (11,956 ) Total consumer (4,951 ) (10,382 ) (13,767 ) (21,312 ) Total loan charge-offs (4,951 ) (10,390 ) (13,778 ) (21,322 ) Loan recoveries: Total commercial 12 9 29 29 Consumer: Real estate 1-4 family first mortgage 2,042 1,402 3,153 2,445 Real estate 1-4 family junior lien mortgage 3,159 3,253 6,421 6,689 Total consumer 5,201 4,655 9,574 9,134 Total loan recoveries 5,213 4,664 9,603 9,163 Net loan recoveries (charge-offs) 262 (5,726 ) (4,175 ) (12,159 ) Balance, end of period $ 144,447 118,030 144,447 118,030 Components: Allowance for loan losses $ 143,389 117,422 143,389 117,422 Allowance for unfunded credit commitments 1,058 608 1,058 608 Allowance for credit losses $ 144,447 118,030 144,447 118,030 Net loan charge-offs (annualized) as a percentage of average total loans — % 0.18 0.03 0.19 Allowance for loan losses as a percentage of total loans 0.42 0.84 0.42 0.84 Allowance for credit losses as a percentage of total loans 0.43 0.84 0.43 0.84 (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. 2017 2016 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended June 30, Balance, beginning of period $ 28,192 99,142 127,334 17,777 101,676 119,453 Provision (reversal of provision) for credit losses (829 ) 18,947 18,118 (2,770 ) 8,673 5,903 Interest income on certain impaired loans — (1,267 ) (1,267 ) — (1,600 ) (1,600 ) Loan charge-offs — (4,951 ) (4,951 ) (8 ) (10,382 ) (10,390 ) Loan recoveries 12 5,201 5,213 9 4,655 4,664 Net loan recoveries (charge-offs) 12 250 262 1 (5,727 ) (5,726 ) Balance, end of period $ 27,375 117,072 144,447 15,008 103,022 118,030 Six months ended June 30, Balance, beginning of period $ 29,644 95,385 125,029 17,676 103,862 121,538 Provision (reversal of provision) for credit losses (2,287 ) 28,488 26,201 (2,687 ) 14,118 11,431 Interest income on certain impaired loans — (2,608 ) (2,608 ) — (2,780 ) (2,780 ) Loan charge-offs (11 ) (13,767 ) (13,778 ) (10 ) (21,312 ) (21,322 ) Loan recoveries 29 9,574 9,603 29 9,134 9,163 Net loan recoveries (charge-offs) 18 (4,193 ) (4,175 ) 19 (12,178 ) (12,159 ) Balance, end of period $ 27,375 117,072 144,447 15,008 103,022 118,030
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 June 30, 2017 Collectively evaluated (1) $ 26,281 49,129 75,410 3,606,217 29,799,448 33,405,665 Individually evaluated (2) 1,094 67,943 69,037 4,052 429,390 433,442 Purchased credit-impaired (PCI) (3) — — — — 10,968 10,968 Total $ 27,375 117,072 144,447 3,610,269 30,239,806 33,850,075 December 31, 2016 Collectively evaluated (1) $ 28,535 21,915 50,450 3,980,501 26,860,682 30,841,183 Individually evaluated (2) 1,109 73,470 74,579 3,236 451,070 454,306 PCI (3) — — — 1,144 13,360 14,504 Total $ 29,644 95,385 125,029 3,984,881 27,325,112 31,309,993 (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) Total June 30, 2017 By risk category: Pass $ 3,603,977 Criticized 6,292 Total commercial loans $ 3,610,269 December 31, 2016 By risk category: Pass $ 3,976,801 Criticized 8,080 Total commercial loans $ 3,984,881
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) Total June 30, 2017 By delinquency status: Current-29 days past due (DPD) and still accruing $ 3,604,863 30-89 DPD and still accruing 2,262 90+ DPD and still accruing — Nonaccrual loans 3,144 Total commercial loans $ 3,610,269 December 31, 2016 By delinquency status: Current-29 DPD and still accruing $ 3,981,306 30-89 DPD and still accruing — 90+ DPD and still accruing 975 Nonaccrual loans 2,600 Total commercial loans $ 3,984,881
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 June 30, 2017 By delinquency status: Current-29 DPD $ 29,142,892 927,949 30,070,841 30-59 DPD 38,018 11,674 49,692 60-89 DPD 16,690 7,276 23,966 90-119 DPD 8,611 3,393 12,004 120-179 DPD 10,910 4,534 15,444 180+ DPD 65,829 12,268 78,097 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By delinquency status: Current-29 DPD $ 26,083,077 1,046,385 27,129,462 30-59 DPD 50,197 14,254 64,451 60-89 DPD 23,740 8,216 31,956 90-119 DPD 9,962 5,493 15,455 120-179 DPD 9,945 3,971 13,916 180+ DPD 66,606 14,168 80,774 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112
Loans and allowance for Credit Losses, Loans by FICO Score, Consumer	The following table provides a breakdown of our consumer portfolio by FICO. The June 30, 2017 FICO scores for real estate 1-4 family first and junior lien mortgages reflect a new FICO score version we adopted in first quarter 2017 to monitor and manage those portfolios. In general the impact for us is a shift to higher scores, particularly to the 800+ level, as the new FICO score version utilizes a more refined approach that better distinguishes borrower credit risk. 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 June 30, 2017 (1) By FICO: < 600 $ 186,774 81,549 268,323 600-639 149,361 56,189 205,550 640-679 314,689 98,919 413,608 680-719 954,729 176,946 1,131,675 720-759 2,403,104 179,392 2,582,496 760-799 5,750,042 138,894 5,888,936 800+ 19,327,000 216,860 19,543,860 No FICO available 197,251 18,345 215,596 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By FICO: < 600 $ 227,775 114,855 342,630 600-639 183,318 76,631 259,949 640-679 490,005 132,398 622,403 680-719 1,283,767 198,166 1,481,933 720-759 3,668,121 213,787 3,881,908 760-799 12,926,891 229,558 13,156,449 800+ 7,328,038 113,112 7,441,150 No FICO available 135,612 13,980 149,592 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112 (1) June 30, 2017 amounts reflect updated FICO score version implemented in first quarter 2017.
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 June 30, 2017 By LTV/CLTV: 0-60% $ 14,235,108 311,034 14,546,142 60.01-80% 13,261,736 266,789 13,528,525 80.01-100% 1,539,382 237,439 1,776,821 100.01-120% (1) 159,152 106,591 265,743 > 120% (1) 70,723 43,752 114,475 No LTV/CLTV available 16,849 1,489 18,338 Remaining PCI accounting adjustments (6,570 ) (3,668 ) (10,238 ) Total consumer loans $ 29,276,380 963,426 30,239,806 December 31, 2016 By LTV/CLTV: 0-60% $ 12,639,979 347,932 12,987,911 60.01-80% 11,995,186 297,037 12,292,223 80.01-100% 1,362,748 271,230 1,633,978 100.01-120% (1) 155,553 124,467 280,020 > 120% (1) 69,990 50,226 120,216 No LTV/CLTV available 20,071 1,595 21,666 Remaining PCI accounting adjustments (7,480 ) (3,422 ) (10,902 ) Total consumer loans $ 26,236,047 1,089,065 27,325,112 (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 because they continue to earn interest from accretable yield, independent of performance in accordance with their contractual terms . (in thousands) Jun 30, Dec 31, Total commercial 3,144 2,600 Consumer: Real estate 1-4 family first mortgage 157,092 165,117 Real estate 1-4 family junior lien mortgage 43,378 48,806 Total consumer 200,470 213,923 Total nonaccrual loans (excluding PCI) $ 203,614 216,523
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) Jun 30, 2017 Dec 31, 2016 Total commercial $ — — Consumer: Real estate 1-4 family first mortgage 4,495 4,962 Real estate 1-4 family junior lien mortgage 1,746 2,545 Total consumer 6,241 7,507 Total past due (excluding PCI) $ 6,241 7,507
Loans and Allowance for Credit Losses, Impaired Loans	The table below includes trial modifications that totaled $10.2 million at June 30, 2017 and $11.8 million at December 31, 2016 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses June 30, 2017 Total commercial $ 5,840 4,052 4,052 1,094 Consumer: Real estate 1-4 family first mortgage 402,221 334,405 234,238 46,944 Real estate 1-4 family junior lien mortgage 111,764 94,985 78,245 20,999 Total consumer 513,985 429,390 312,483 67,943 Total impaired loans (excluding PCI) $ 519,825 433,442 316,535 69,037 December 31, 2016 Total commercial $ 3,940 3,236 3,236 1,109 Consumer: Real estate 1-4 family first mortgage 419,497 349,627 247,525 49,486 Real estate 1-4 family junior lien mortgage 111,967 101,443 83,887 23,984 Total consumer 531,464 451,070 331,412 73,470 Total impaired loans (excluding PCI) $ 535,404 454,306 334,648 74,579
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 June 30, Six months ended June 30, 2017 2016 2017 2016 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Average Recognized interest income Average recorded investment Recognized interest income Total commercial $ 4,090 11 3,737 43 3,669 23 3,862 49 Consumer: Real estate 1-4 family first mortgage 339,082 5,347 372,878 5,705 342,657 10,753 376,513 11,253 Real estate 1-4 family junior lien mortgage 96,980 2,050 111,626 2,312 98,472 4,199 113,691 4,695 Total consumer 436,062 7,397 484,504 8,017 441,129 14,952 490,204 15,948 Total impaired loans $ 440,152 7,408 488,241 8,060 444,798 14,975 494,066 15,997 Interest income: Cash basis of accounting $ 2,157 2,460 4,315 4,932 Other (1) 5,251 5,600 10,660 11,065 Total interest income $ 7,408 8,060 14,975 15,997 (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	The following table summarizes our TDR modifications for the periods presented by primary modification type and includes the financial effects of these modifications. 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 June 30, 2017 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 2,339 2,211 2,169 6,719 87 3.59 3,898 Real estate 1-4 family junior lien mortgage 463 556 540 1,559 135 3.88 870 Trial modifications (6) — — 1,871 1,871 — — — Total consumer 2,802 2,767 4,580 10,149 222 3.65 4,768 Total $ 2,802 2,767 4,580 10,149 222 3.65 % $ 4,768 Quarter ended June 30, 2016 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 1,911 2,477 4,129 8,517 508 3.32 3,544 Real estate 1-4 family junior lien mortgage 611 1,434 1,318 3,363 381 3.74 1,872 Trial modifications (6) — — (1,665 ) (1,665 ) — — — Total consumer 2,522 3,911 3,782 10,215 889 3.47 5,416 Total $ 2,522 3,911 3,782 10,215 889 3.47 % $ 5,416 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) Six months ended June 30, 2017 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 6,444 5,095 5,156 16,695 528 3.45 8,689 Real estate 1-4 family junior lien mortgage 1,089 1,763 1,579 4,431 316 4.56 2,246 Trial modifications (6) — — 678 678 — — — Total consumer 7,533 6,858 7,413 21,804 844 3.68 10,935 Total $ 7,533 6,858 7,413 21,804 844 3.68 % $ 10,935 Six months ended June 30, 2016 Total commercial $ — — 1,848 1,848 — — % $ — Consumer: Real estate 1-4 family first mortgage 3,835 4,979 9,870 18,684 1,039 3.48 7,688 Real estate 1-4 family junior lien mortgage 683 2,687 2,345 5,715 1,041 3.80 3,164 Trial modifications (6) — — (2,314 ) (2,314 ) — — — Total consumer 4,518 7,666 9,901 22,085 2,080 3.57 10,852 Total $ 4,518 7,666 11,749 23,933 2,080 3.57 % $ 10,852 (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 $1.8 million and $2.2 million for the quarters ended June 30, 2017 and 2016 , and $5.0 million and $4.2 million for the first half of 2017 and 2016 , 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 loans discharged in bankruptcy, 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 $222 thousand and $439 thousand for the quarters ended June 30, 2017 and 2016 , and $618 thousand and $745 thousand for the first half of 2017 and 2016 , 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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Total commercial $ — — — 807 Consumer: Real estate 1-4 family first mortgage 651 375 1,070 924 Real estate 1-4 family junior lien mortgage 506 61 563 312 Total consumer 1,157 436 1,633 1,236 Total $ 1,157 436 1,633 2,043

Fair Values of Assets and Lia15

Fair Values of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 Financial assets Cash and cash equivalents (1) $ 1,407 1,407 — — 1,407 Loans, net (2) 33,706,686 — — 34,708,897 34,708,897 Financial liabilities Line of credit with Bank (1) 1,561,588 — — 1,561,588 1,561,588 December 31, 2016 Financial assets Cash and cash equivalents (1) $ 971,349 971,349 — — 971,349 Loans, net (2) 31,186,116 — — 31,732,422 31,732,422 Financial liabilities Line of credit with Bank (1) — — — — — (1) Amounts consist of financial instruments in which carrying value approximates fair value. (2) Carrying amount is net of allowance for loan losses.

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	6 Months Ended
	Jun. 30, 2017
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. June 30, 2017 and December 31, 2016 Liquidation Shares Shares Par value Carrying Preferred stock: Series A 6.375%, Cumulative, Perpetual Series A Preferred Stock $ 25 11,000,000 11,000,000 $ 0.01 110,000 Series B $85 Annual Dividend Per Share, Cumulative, Perpetual Series B Preferred Stock 1,000 1,000 667 0.01 7 Common stock 100,000,000 34,058,028 0.01 340,580 Total 111,001,000 45,058,695 $ 450,587

Transactions with Related Par17

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, Six months ended June 30, (in thousands) 2017 2016 2017 2016 Income statement data Interest income: Net accretion of adjustments on loans $ 2,369 20,449 6,262 37,844 Interest on deposits 5,716 239 8,496 239 Total interest income 8,085 20,688 14,758 38,083 Pledge fees 14,875 4,022 28,474 7,742 Interest expense 250 153 250 757 Loan servicing costs 19,236 8,816 37,988 17,540 Management fees 5,859 3,491 12,771 7,402 (in thousands) Jun 30, Dec 31, Balance sheet related data Cash and cash equivalents $ 1,407 971,349 Loan acquisitions (year-to-date) 4,707,964 23,339,146 Proceeds from common stock issuance (year-to-date) — 20,000,050 Loan sales (book value) (year-to-date) (57,184 ) (424,556 ) Pledged loans (carrying value) (1) 17,855,755 20,239,773 Foreclosed asset sales (year-to-date) (6,963 ) (10,915 ) Line of credit with Bank 1,561,588 — Accounts receivable - affiliates, net 154,371 155,813 (1) The fair value of pledged loans was approximately $18.4 billion and $20.4 billion at June 30, 2017 and December 31, 2016 , respectively.

Summary of Significant Accoun18

Summary of Significant Accounting Policies Significant Accounting Policies Textual (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Significant Accounting Policies [Line Items]
Stock Issued During Period, Shares, New Issues					21.2
Proceeds from common stock issuance					$ 20,000,000
Sale of Stock, Percentage of Ownership after Transaction			100.00%
Loan acquisitions (year-to-date)	$ 4,707,964	$ 2,313,927	$ 4,707,964	$ 2,313,927
Consumer Portfolio Segment [Member]
Significant Accounting Policies [Line Items]
Loan acquisitions (year-to-date)					19,100,000
Commercial Portfolio Segment [Member]
Significant Accounting Policies [Line Items]
Loan acquisitions (year-to-date)					$ 1,900,000

Loans and Allowance for Credi19

Loans and Allowance for Credit Losses, Loans Outstanding (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ 11,600	$ (65,500)
Total loans	33,850,075	31,309,993
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,610,269	3,984,881
Total consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	30,239,806	27,325,112
Real estate 1-4 family first mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	29,276,380	26,236,047
Real estate 1-4 family junior lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 963,426	$ 1,089,065
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	55.00%

Loans and Allowance for Credi20

Loans and Allowance for Credit Losses, Significant Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	$ 4,707,964	$ 2,313,927	$ 4,707,964	$ 2,313,927
Loan sales	(42,834)	(3,376)	(57,029)	(5,213)
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit	504,500		504,500		$ 438,000
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	0	0	0	0
Loan sales	0	(128)	0	(128)
Total consumer [Member]
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	4,707,964	2,313,927	4,707,964	2,313,927
Loan sales	$ (42,834)	$ (3,248)	$ (57,029)	$ (5,085)

Loans and Allowance for Credi21

Loans and Allowance for Credit Losses, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 127,334	$ 119,453	$ 125,029	$ 121,538
Provision for credit losses	18,118	5,903	26,201	11,431
Interest income on certain impaired loans	(1,267)	(1,600)	(2,608)	(2,780)
Loan charge-offs	(4,951)	(10,390)	(13,778)	(21,322)
Loan recoveries	5,213	4,664	9,603	9,163
Net loan recoveries (charge-offs)	262	(5,726)	(4,175)	(12,159)
Balance, end of period	144,447	118,030	144,447	118,030
Components:
Allowance for loan losses					$ 143,389	$ 123,877	$ 117,422
Allowance For Unfunded Credit Commitments					1,058		608
Allowance for credit losses	$ 127,334	$ 119,453	$ 125,029	$ 121,538	$ 144,447	125,029	$ 118,030
Net loan charge-offs (annualized) as a percentage of average total loans	0.00%	0.18%	0.03%	0.19%
Allowance for loan losses as a percentage of total loans					0.42%		0.84%
Allowance for credit losses as a percentage of total loans					0.43%		0.84%
Total commercial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 28,192	$ 17,777	$ 29,644	$ 17,676
Provision for credit losses	(829)	(2,770)	(2,287)	(2,687)
Interest income on certain impaired loans	0	0	0	0
Loan charge-offs	0	(8)	(11)	(10)
Loan recoveries	12	9	29	29
Net loan recoveries (charge-offs)	12	1	18	19
Balance, end of period	27,375	15,008	27,375	15,008
Components:
Allowance for credit losses	28,192	17,777	29,644	17,676	$ 27,375	29,644	$ 15,008
Total consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	99,142	101,676	95,385	103,862
Provision for credit losses	18,947	8,673	28,488	14,118
Interest income on certain impaired loans	(1,267)	(1,600)	(2,608)	(2,780)
Loan charge-offs	(4,951)	(10,382)	(13,767)	(21,312)
Loan recoveries	5,201	4,655	9,574	9,134
Net loan recoveries (charge-offs)	250	(5,727)	(4,193)	(12,178)
Balance, end of period	117,072	103,022	117,072	103,022
Components:
Allowance for credit losses	99,142	101,676	95,385	103,862	$ 117,072	$ 95,385	$ 103,022
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(2,232)	(5,032)	(5,800)	(9,356)
Loan recoveries	2,042	1,402	3,153	2,445
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(2,719)	(5,350)	(7,967)	(11,956)
Loan recoveries	$ 3,159	$ 3,253	$ 6,421	$ 6,689

Loans and Allowance for Credi22

Loans and Allowance for Credit Losses, Allowance Activity by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 127,334	$ 119,453	$ 125,029	$ 121,538
Provision for credit losses	18,118	5,903	26,201	11,431
Interest income on certain impaired loans	(1,267)	(1,600)	(2,608)	(2,780)
Loan charge-offs	(4,951)	(10,390)	(13,778)	(21,322)
Loan recoveries	5,213	4,664	9,603	9,163
Net loan recoveries (charge-offs)	262	(5,726)	(4,175)	(12,159)
Balance, end of period	144,447	118,030	144,447	118,030
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	28,192	17,777	29,644	17,676
Provision for credit losses	(829)	(2,770)	(2,287)	(2,687)
Interest income on certain impaired loans	0	0	0	0
Loan charge-offs	0	(8)	(11)	(10)
Loan recoveries	12	9	29	29
Net loan recoveries (charge-offs)	12	1	18	19
Balance, end of period	27,375	15,008	27,375	15,008
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	99,142	101,676	95,385	103,862
Provision for credit losses	18,947	8,673	28,488	14,118
Interest income on certain impaired loans	(1,267)	(1,600)	(2,608)	(2,780)
Loan charge-offs	(4,951)	(10,382)	(13,767)	(21,312)
Loan recoveries	5,201	4,655	9,574	9,134
Net loan recoveries (charge-offs)	250	(5,727)	(4,193)	(12,178)
Balance, end of period	$ 117,072	$ 103,022	$ 117,072	$ 103,022

Loans and Allowance for Credi23

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Credit Impairment Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance for credit losses
Collectively evaluated	$ 75,410		$ 50,450
Individually evaluated	69,037		74,579
Allowance for credit losses	144,447	$ 127,334	125,029	$ 118,030	$ 119,453	$ 121,538
Recorded investment in loans
Collectively evaluated	33,405,665		30,841,183
Individually evaluated	433,442		454,306
Total loans	33,850,075		31,309,993
Commercial Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	26,281		28,535
Individually evaluated	1,094		1,109
Allowance for credit losses	27,375	28,192	29,644	15,008	17,777	17,676
Recorded investment in loans
Collectively evaluated	3,606,217		3,980,501
Individually evaluated	4,052		3,236
Total loans	3,610,269		3,984,881
Consumer Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	49,129		21,915
Individually evaluated	67,943		73,470
Allowance for credit losses	117,072	$ 99,142	95,385	$ 103,022	$ 101,676	$ 103,862
Recorded investment in loans
Collectively evaluated	29,799,448		26,860,682
Individually evaluated	429,390		451,070
Total loans	30,239,806		27,325,112
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
Financing Receivable, Recorded Investment, Current	10,968		14,504
PCI Loans Carrying Value [Member] | Commercial Portfolio Segment [Member]
Recorded investment in loans
Financing Receivable, Recorded Investment, Current	0		1,144
PCI Loans Carrying Value [Member] | Consumer Portfolio Segment [Member]
Recorded investment in loans
Financing Receivable, Recorded Investment, Current	$ 10,968		$ 13,360

Loans and Allowance for Credi24

Loans and Allowance for Credit Losses, Loans by Credit Quality Indicator, Commercial (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 33,850,075	$ 31,309,993
Total commercial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	3,610,269	3,984,881
Total commercial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	3,603,977	3,976,801
Total commercial [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 6,292	$ 8,080

Loans and Allowance for Credi25

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Commercial (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
By delinquency status:
Total loans	$ 33,850,075	$ 31,309,993
Total commercial [Member]
By delinquency status:
90 days and more past due and still accruing	0	975
Nonaccrual loans	3,144	2,600
Total loans	3,610,269	3,984,881
Current-29 days past due (DPD) and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	3,604,863	3,981,306
30-89 DPD and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	$ 2,262	$ 0

Loans and Allowance for Credi26

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Consumer (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
By delinquency status:
Total loans	$ 33,850,075	$ 31,309,993
Total consumer [Member]
By delinquency status:
Remaining PCI accounting adjustments	(10,238)	(10,902)
Total loans	30,239,806	27,325,112
Real estate 1-4 family first mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(6,570)	(7,480)
Total loans	29,276,380	26,236,047
Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(3,668)	(3,422)
Total loans	963,426	1,089,065
Current-29 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	30,070,841	27,129,462
Current-29 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	29,142,892	26,083,077
Current-29 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	927,949	1,046,385
30-59 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	49,692	64,451
30-59 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	38,018	50,197
30-59 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	11,674	14,254
60-89 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	23,966	31,956
60-89 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	16,690	23,740
60-89 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	7,276	8,216
90-119 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	12,004	15,455
90-119 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	8,611	9,962
90-119 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	3,393	5,493
120-179 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	15,444	13,916
120-179 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	10,910	9,945
120-179 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	4,534	3,971
180 plus DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	78,097	80,774
180 plus DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	65,829	66,606
180 plus DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	$ 12,268	$ 14,168

Loans and Allowance for Credi27

Loans and Allowance for Credit Losses, Loans by FICO Score, Consumer (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
By FICO:
Total loans	$ 33,850,075	$ 31,309,993
Total consumer [Member]
By FICO:
Remaining PCI accounting adjustments	(10,238)	(10,902)
Total loans	30,239,806	27,325,112
Real estate 1-4 family first mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(6,570)	(7,480)
Total loans	29,276,380	26,236,047
Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(3,668)	(3,422)
Total loans	963,426	1,089,065
FICO less than 600 [Member] | Total consumer [Member]
By FICO:
Total loans	268,323	342,630
FICO less than 600 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	186,774	227,775
FICO less than 600 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	81,549	114,855
FICO 600-639 [Member] | Total consumer [Member]
By FICO:
Total loans	205,550	259,949
FICO 600-639 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	149,361	183,318
FICO 600-639 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	56,189	76,631
FICO 640-679 [Member] | Total consumer [Member]
By FICO:
Total loans	413,608	622,403
FICO 640-679 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	314,689	490,005
FICO 640-679 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	98,919	132,398
FICO 680-719 [Member] | Total consumer [Member]
By FICO:
Total loans	1,131,675	1,481,933
FICO 680-719 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	954,729	1,283,767
FICO 680-719 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	176,946	198,166
FICO 720-759 [Member] | Total consumer [Member]
By FICO:
Total loans	2,582,496	3,881,908
FICO 720-759 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	2,403,104	3,668,121
FICO 720-759 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	179,392	213,787
FICO 760-799 [Member] | Total consumer [Member]
By FICO:
Total loans	5,888,936	13,156,449
FICO 760-799 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	5,750,042	12,926,891
FICO 760-799 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	138,894	229,558
FICO 800 or more [Member] | Total consumer [Member]
By FICO:
Total loans	19,543,860	7,441,150
FICO 800 or more [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	19,327,000	7,328,038
FICO 800 or more [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	216,860	113,112
No FICO available [Member] | Total consumer [Member]
By FICO:
Total loans	215,596	149,592
No FICO available [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	197,251	135,612
No FICO available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	$ 18,345	$ 13,980

Loans and Allowance for Credi28

Loans and Allowance for Credit Losses, Loans by Loan to Value Ratio, Consumer (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
High Value Properties, Threshold	$ 1,000
By LTV/CLTV:
Total loans	33,850,075	$ 31,309,993
Total consumer [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(10,238)	(10,902)
Total loans	30,239,806	27,325,112
Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(6,570)	(7,480)
Total loans	29,276,380	26,236,047
Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(3,668)	(3,422)
Total loans	963,426	1,089,065
LTV 0-60% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	14,546,142	12,987,911
LTV 0-60% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	14,235,108	12,639,979
LTV 0-60% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	311,034	347,932
LTV 60.01-80% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	13,528,525	12,292,223
LTV 60.01-80% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	13,261,736	11,995,186
LTV 60.01-80% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	266,789	297,037
LTV 80 to 100 Percent [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	1,776,821	1,633,978
LTV 80 to 100 Percent [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	1,539,382	1,362,748
LTV 80 to 100 Percent [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	237,439	271,230
LTV 100.01-120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	265,743	280,020
LTV 100.01-120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	159,152	155,553
LTV 100.01-120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	106,591	124,467
LTV greater than 120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	114,475	120,216
LTV greater than 120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	70,723	69,990
LTV greater than 120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	43,752	50,226
No LTV/CLTV available [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	18,338	21,666
No LTV/CLTV available [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	16,849	20,071
No LTV/CLTV available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	$ 1,489	$ 1,595

Loans and Allowance for Credi29

Loans and Allowance for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 3,144	$ 2,600
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	203,614	216,523
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	3,144	2,600
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Total consumer [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	200,470	213,923
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Real estate 1-4 family first mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	157,092	165,117
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Real estate 1-4 family junior lien mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 43,378	$ 48,806

Loans and Allowance for Credi30

Loans and Allowance for Credit Losses, 90 Days Past Due but Still Accruing (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total commercial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	$ 0	$ 975
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	6,241	7,507
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	0
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	6,241	7,507
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	4,495	4,962
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	1,746	2,545
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	$ 1,000	$ 2,300

Loans and Allowance for Credi31

Loans and Allowance for Credit Losses, Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Impaired Loans [Abstract]
Unpaid principal balance	$ 519,825	$ 535,404
Impaired Loans, recorded investment	433,442	454,306
Impaired Loans with related allowance for credit losses, recorded investment	316,535	334,648
Related allowance for credit losses	69,037	74,579
Total commercial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	5,840	3,940
Impaired Loans, recorded investment	4,052	3,236
Impaired Loans with related allowance for credit losses, recorded investment	4,052	3,236
Related allowance for credit losses	1,094	1,109
Total consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	513,985	531,464
Impaired Loans, recorded investment	429,390	451,070
Impaired Loans with related allowance for credit losses, recorded investment	312,483	331,412
Related allowance for credit losses	67,943	73,470
Real estate 1-4 family first mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	402,221	419,497
Impaired Loans, recorded investment	334,405	349,627
Impaired Loans with related allowance for credit losses, recorded investment	234,238	247,525
Related allowance for credit losses	46,944	49,486
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	111,764	111,967
Impaired Loans, recorded investment	94,985	101,443
Impaired Loans with related allowance for credit losses, recorded investment	78,245	83,887
Related allowance for credit losses	20,999	23,984
Trial modifications [Member]
Impaired Loans [Abstract]
Impaired Loans, recorded investment	$ 10,200	$ 11,800

Loans and Allowance for Credi32

Loans and Allowance for Credit Losses, Impaired Loans, Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	$ 440,152	$ 488,241	$ 444,798	$ 494,066
Recognized interest income	7,408	8,060	14,975	15,997
Interest income:
Cash basis of accounting	2,157	2,460	4,315	4,932
Other	5,251	5,600	10,660	11,065
Total commercial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	4,090	3,737	3,669	3,862
Recognized interest income	11	43	23	49
Total consumer [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	436,062	484,504	441,129	490,204
Recognized interest income	7,397	8,017	14,952	15,948
Real estate 1-4 family first mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	339,082	372,878	342,657	376,513
Recognized interest income	5,347	5,705	10,753	11,253
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	96,980	111,626	98,472	113,691
Recognized interest income	$ 2,050	$ 2,312	$ 4,199	$ 4,695

Loans and Allowance for Credi33

Loans and Allowance for Credit Losses, Troubled Debt Restructurings Modifications by Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	$ 33,706,686		$ 33,706,686		$ 31,186,116
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	10,149	$ 10,215	21,804	$ 23,933
Financial effects of modifications
Charge-offs	$ 222	$ 889	$ 844	$ 2,080
Weighted average interest rate reduction	3.65%	3.47%	3.68%	3.57%
Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0	$ 0	$ 0	$ 1,848
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	$ 10,149	$ 10,215	$ 21,804	$ 22,085
Financial effects of modifications
Charge-offs	$ 222	$ 889	$ 844	$ 2,080
Weighted average interest rate reduction	3.65%	3.47%	3.68%	3.57%
Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 6,719	$ 8,517	$ 16,695	$ 18,684
Financial effects of modifications
Charge-offs	$ 87	$ 508	$ 528	$ 1,039
Weighted average interest rate reduction	3.59%	3.32%	3.45%	3.48%
Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,559	$ 3,363	$ 4,431	$ 5,715
Financial effects of modifications
Charge-offs	$ 135	$ 381	$ 316	$ 1,041
Weighted average interest rate reduction	3.88%	3.74%	4.56%	3.80%
Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,871	$ (1,665)	$ 678	$ (2,314)
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	$ 2,802	$ 2,522	$ 7,533	$ 4,518
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] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,802	2,522	7,533	4,518
Modification to principal [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,339	1,911	6,444	3,835
Modification to principal [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	463	611	1,089	683
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	2,767	3,911	6,858	7,666
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] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,767	3,911	6,858	7,666
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,211	2,477	5,095	4,979
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	556	1,434	1,763	2,687
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	4,580	3,782	7,413	11,749
Modifications, other concessions [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	1,848
Modifications, other concessions [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	4,580	3,782	7,413	9,901
Modifications, other concessions [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,169	4,129	5,156	9,870
Modifications, other concessions [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	540	1,318	1,579	2,345
Modifications, other concessions [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,871	(1,665)	678	(2,314)
Modification of recorded investment related to interest rate reduction [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	4,768	5,416	10,935	10,852
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] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	4,768	5,416	10,935	10,852
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	3,898	3,544	8,689	7,688
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	870	1,872	2,246	3,164
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
Troubled debt restructuring balance [Member]
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	432,500		432,500		$ 454,300
Loans remodified [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,800	2,200	5,000	4,200
Principal Forgiveness [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 222	$ 439	$ 618	$ 745

Loans and Allowance for Credi34

Loans and Allowance for Credit Losses, Troubled Debt Restructurings, Current Defaults (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 1,157	$ 436	$ 1,633	$ 2,043
Total commercial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0	0	807
Total consumer [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	1,157	436	1,633	1,236
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	651	375	1,070	924
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 506	$ 61	$ 563	$ 312

Fair Value, Estimates for Finan

Fair Value, Estimates for Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
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	$ 1,407	$ 971,349	$ 0	$ 0
Loans, net	33,706,686	31,186,116
Carrying amount [Member]
Financial assets
Cash and cash equivalents	1,407	971,349
Loans, net	33,706,686	31,186,116
Financial liabilities
Line of credit with Bank	1,561,588	0
Estimated fair value [Member]
Financial assets
Cash and cash equivalents	1,407	971,349
Loans, net	34,708,897	31,732,422
Financial liabilities
Line of credit with Bank	1,561,588	0
Estimated fair value [Member] | Level 1 [Member]
Financial assets
Cash and cash equivalents	1,407	971,349
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	34,708,897	31,732,422
Financial liabilities
Line of credit with Bank	$ 1,561,588	$ 0

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		21,200,000
Shares authorized	111,001,000	111,001,000
Shares, Issued	45,058,695	45,058,695
Shares, Outstanding	45,058,695	45,058,695
Carrying value	$ 450,587	$ 450,587
Common stock
Shares authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	34,058,028	34,058,028
Par value (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 340,580	$ 340,580
Common Stock, Shares, Outstanding	34,058,028	34,058,028
Proceeds from common stock issuance		$ 20,000,000,000
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
Shares authorized	11,000,000	11,000,000
Preferred Stock, Shares Issued	11,000,000	11,000,000
Shares outstanding	11,000,000	11,000,000
Par value per share (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 110,000	$ 110,000
Common stock
Certificate Of Designation, Dividend And Debt Restrictive Covenant, Threshold Dividend Coverage Ratio Of Four Prior Fiscal Quarters, Threshold	150.00%
Series B Preferred Stock [Member]
Preferred stock:
Dividend rate (in dollars per share)	$ 85	$ 85
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Shares authorized	1,000	1,000
Preferred Stock, Shares Issued	667	667
Shares outstanding	667	667
Par value per share (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 7	$ 7
Preferred Stock [Member]
Class of Stock [Line Items]
dividend coverage ratio	6068.00%

Transactions with Related Par37

Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Interest income:
Net accretion of adjustments on loans			$ 6,262	$ 37,844
Total interest income	$ 319,866	$ 166,183	630,481	329,674
Loan servicing costs		8,815		17,546
Balance sheet related data
Cash and Cash Equivalents, at Carrying Value	1,407	0	1,407	0	$ 971,349	$ 0
Loan acquisitions (year-to-date)	4,707,964	2,313,927	4,707,964	2,313,927
Proceeds from common stock issuance					20,000,000
Loan sales (book value) (year-to-date)	(42,834)	(3,376)	(57,029)	(5,213)
Line of credit with Bank	1,561,588		1,561,588		0
Accounts receivable - affiliates, net	154,371		154,371		155,813
Related Party [Member]
Related Party Transaction [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	18,400,000		18,400,000		20,400,000
Interest income:
Net accretion of adjustments on loans	2,369	20,449	6,262	37,844
Interest on deposits	5,716	239	8,496	239
Total interest income	8,085	20,688	14,758	38,083
Pledge fees	14,875	4,022	28,474	7,742
Interest expense	250	153	250	757
Loan servicing costs	19,236	8,816	37,988	17,540
Management fees	5,859	$ 3,491	12,771	$ 7,402
Balance sheet related data
Cash and Cash Equivalents, at Carrying Value	1,407		1,407		971,349
Loan acquisitions (year-to-date)			4,707,964		23,339,146
Proceeds from common stock issuance			0		20,000,050
Loan sales (book value) (year-to-date)			(57,184)		(424,556)
Pledged loans (carrying value)	17,855,755		17,855,755		20,239,773
Foreclosed assets sales (year-to-date)			(6,963)		(10,915)
Line of credit with Bank	1,561,588		1,561,588		0
Accounts receivable - affiliates, net	$ 154,371		$ 154,371		$ 155,813
Pledged Loans, Collateral Threshold, Percentage Of Total Assets			80.00%
Pledged loan annual basis point rate applied to UPB	0.34%	0.28%	0.34%	0.28%
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%