Wells Fargo Real Estate Investment (WFE) 10-Q 6 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 29, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Wells Fargo Real Estate Investment Corp.
Entity Central Index Key	0001616093
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		34,058,028
Entity Emerging Growth Company	false
Entity Small Business	false

Statement of Income (Unaudited)

Statement of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income	$ 358,113	$ 351,664
Interest expense	18,387	14,402
Net interest income	339,726	337,262
Provision (reversal of provision) for credit losses	1,685	(5,854)
Net interest income after provision for credit losses	338,041	343,116
Noninterest income
Pledge fees	1,411	6,037
Other fees	331	221
Total noninterest income	1,742	6,258
Noninterest expense
Loan servicing costs	21,545	21,922
Management fees	10,699	6,260
Foreclosed assets	3,925	2,053
Other	175	107
Total noninterest expense	36,344	30,342
Net income	303,439	319,032
Comprehensive income	303,439	319,032
Dividends on preferred stock	4,397	4,397
Net income applicable to common stock	$ 299,042	$ 314,635
Per common share information
Earnings per common share (in dollars per share)	$ 8.78	$ 9.24
Diluted earnings per common share (in dollars per share)	$ 8.78	$ 9.24
Average common shares outstanding (in shares)	34,058	34,058
Diluted average common shares outstanding (in shares)	34,058	34,058

Balance Sheet

Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 0	$ 0
Loans	34,564,299	35,495,068
Allowance for loan losses	(98,158)	(96,743)
Net loans	34,466,141	35,398,325
Accounts receivable - affiliates, net	74,053	0
Other assets	95,833	94,942
Total assets	34,636,027	35,493,267
Liabilities
Line of credit with Bank	2,209,000	3,054,738
Accounts payable - affiliates, net	0	13,798
Other liabilities	7,699	9,445
Total liabilities	2,216,699	3,077,981
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)	(131,783)	(135,825)
Total stockholders’ equity	32,419,328	32,415,286
Total liabilities and stockholders’ equity	$ 34,636,027	$ 35,493,267

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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, 2017	$ 32,390,263			$ 110	$ 341	$ 32,550,660	$ (160,848)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	319,032						319,032
Cash dividends
Preferred securities		$ (4,383)	$ (14)					$ (4,383)	$ (14)
Common stock	(325,000)						(325,000)
Ending balance at Mar. 31, 2018	32,379,898			110	341	32,550,660	(171,213)
Beginning balance at Dec. 31, 2018	32,415,286			110	341	32,550,660	(135,825)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	303,439						303,439
Cash dividends
Preferred securities		$ (4,383)	$ (14)					$ (4,383)	$ (14)
Common stock	(295,000)						(295,000)
Ending balance at Mar. 31, 2019	$ 32,419,328			$ 110	$ 341	$ 32,550,660	$ (131,783)

Statement of Changes in Stock_2

Statement of Changes in Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Common stock, dividend per share (in dollars per share)	$ 8.66	$ 9.54
Series A Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	0.40	0.40
Series B Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	$ 21.25	$ 21.25

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 303,439	$ 319,032
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of adjustments on loans	(6,822)	(4,278)
Provision (reversal of provision) for credit losses	1,685	(5,854)
Other operating activities, net	14,254	18,401
Net cash provided by operating activities	312,556	327,301
Increase (decrease) in cash realized from Loans:
Acquisitions	0	0
Proceeds from payments and sales	828,182	1,042,451
Net cash provided (used) by investing activities	828,182	1,042,451
Increase (decrease) in cash realized from
Draws on line of credit with Bank	319,831	337,358
Repayments of line of credit with Bank	(1,165,569)	(1,382,110)
Cash dividends paid	(295,000)	(325,000)
Net cash provided (used) by financing activities	(1,140,738)	(1,369,752)
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Change in noncash items:
Transfer from loans to foreclosed assets	2,132	2,457
Preferred dividends payable	4,397	4,397
Cash paid for interest	$ 24,597	$ 10,704

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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, 2018 ( 2018 Form 10-K). There were no material changes to these policies in first quarter 2019 . 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 2018 Form 10-K. Accounting Standards Adopted in 2019 In first quarter 2019 , we did not adopt any new accounting standards. Subsequent Events We have evaluated the effects of events that have occurred subsequent to March 31, 2019 . 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	3 Months Ended
	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans and Allowance for Credit Losses	Note 2: Loans and Allowance for Credit Losses The Company acquires loans originated or purchased by the Bank. In order to maintain our status as a REIT, the composition of the loans is highly concentrated in real estate. Underlying loans are concentrated primarily in California , New York , Washington , Virginia , Texas , Maryland and Massachusetts . These markets include approximately 62% of our total loan balance at March 31, 2019 . The following table presents total loans outstanding by portfolio segment and class of financing receivable. Total reductions and additions for unamortized premiums, discounts and other adjustments were less than 1% of outstanding balances at March 31, 2019 and December 31, 2018 . (in thousands) Mar 31, Dec 31, Total commercial $ 2,895,857 3,055,423 Consumer: Real estate 1-4 family first mortgage 31,034,572 31,769,813 Real estate 1-4 family junior lien mortgage 633,870 669,832 Total consumer 31,668,442 32,439,645 Total loans $ 34,564,299 35,495,068 The following table summarizes the proceeds paid or received from the Bank for acquisitions and sales of loans, respectively. 2019 2018 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Loan acquisitions $ — — — — — — Loan sales — (11,682 ) (11,682 ) — (3,641 ) (3,641 ) Commitments to Lend The contract or notional amount of commercial loan commitments to extend credit was $489.9 million at March 31, 2019 and $462.2 million at December 31, 2018 . 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 March 31, (in thousands) 2019 2018 Balance, beginning of period $ 98,268 130,661 Provision (reversal of provision) for credit losses 1,685 (5,854 ) Interest income on certain impaired loans (1) (909 ) (1,247 ) Loan charge-offs: Total commercial — — Consumer: Real estate 1-4 family first mortgage (1,194 ) (1,092 ) Real estate 1-4 family junior lien mortgage (1,379 ) (2,798 ) Total consumer (2,573 ) (3,890 ) Total loan charge-offs (2,573 ) (3,890 ) Loan recoveries: Total commercial 8 15 Consumer: Real estate 1-4 family first mortgage 1,471 2,184 Real estate 1-4 family junior lien mortgage 1,720 2,197 Total consumer 3,191 4,381 Total loan recoveries 3,199 4,396 Net loan recoveries 626 506 Balance, end of period $ 99,670 124,066 Components: Allowance for loan losses $ 98,158 122,863 Allowance for unfunded credit commitments 1,512 1,203 Allowance for credit losses $ 99,670 124,066 Net loan (recoveries) charge-offs as a percentage of average total loans (2) (0.01 )% (0.01 ) Allowance for loan losses as a percentage of total loans 0.28 0.35 Allowance for credit losses as a percentage of total loans 0.29 0.36 (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. (2) Quarterly net charge-offs (recoveries) as a percentage of average total loans are annualized. The following table summarizes the activity in the allowance for credit losses by our commercial and consumer portfolio segments. 2019 2018 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Balance, beginning of period $ 26,281 71,987 98,268 28,085 102,576 130,661 Provision (reversal of provision) for credit losses (1,069 ) 2,754 1,685 (1,080 ) (4,774 ) (5,854 ) Interest income on certain impaired loans — (909 ) (909 ) — (1,247 ) (1,247 ) Loan charge-offs — (2,573 ) (2,573 ) — (3,890 ) (3,890 ) Loan recoveries 8 3,191 3,199 15 4,381 4,396 Net loan recoveries (charge-offs) 8 618 626 15 491 506 Balance, end of period $ 25,220 74,450 99,670 27,020 97,046 124,066 The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment methodology. Allowance for credit losses Recorded investment in loans (in thousands) Commercial Consumer Total Commercial Consumer Total March 31, 2019 Collectively evaluated (1) $ 24,781 35,979 60,760 2,893,674 31,297,332 34,191,006 Individually evaluated (2) 439 38,471 38,910 2,183 364,083 366,266 Purchased credit-impaired (PCI) (3) — — — — 7,027 7,027 Total $ 25,220 74,450 99,670 2,895,857 31,668,442 34,564,299 December 31, 2018 Collectively evaluated (1) $ 25,839 34,581 60,420 3,053,465 32,071,367 35,124,832 Individually evaluated (2) 442 37,406 37,848 1,958 361,122 363,080 PCI (3) — — — — 7,156 7,156 Total $ 26,281 71,987 98,268 3,055,423 32,439,645 35,495,068 (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 December 31, 2018 . 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 March 31, 2019 By risk category: Pass $ 2,864,170 Criticized 31,687 Total commercial loans $ 2,895,857 December 31, 2018 By risk category: Pass $ 3,016,328 Criticized 39,095 Total commercial loans $ 3,055,423 The following table provides past due information for commercial loans, which we monitor as part of our credit risk management practices. (in thousands) Total March 31, 2019 By delinquency status: Current-29 days past due (DPD) and still accruing $ 2,891,156 30-89 DPD and still accruing 2,742 90+ DPD and still accruing — Nonaccrual loans 1,959 Total commercial loans $ 2,895,857 December 31, 2018 By delinquency status: Current-29 DPD and still accruing $ 3,044,878 30-89 DPD and still accruing 8,570 90+ DPD and still accruing — Nonaccrual loans 1,975 Total commercial loans $ 3,055,423 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 March 31, 2019 By delinquency status: Current-29 DPD $ 30,900,593 609,727 31,510,320 30-59 DPD 61,738 10,484 72,222 60-89 DPD 14,688 5,026 19,714 90-119 DPD 8,261 1,985 10,246 120-179 DPD 9,248 2,901 12,149 180+ DPD 44,319 6,314 50,633 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By delinquency status: Current-29 DPD $ 31,627,108 642,271 32,269,379 30-59 DPD 60,060 11,230 71,290 60-89 DPD 15,032 6,934 21,966 90-119 DPD 11,435 1,889 13,324 120-179 DPD 12,846 2,055 14,901 180+ DPD 47,935 8,127 56,062 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645 The following table provides a breakdown of our consumer portfolio by FICO. FICO is not available for certain loan types and may not be obtained if we deem it unnecessary due to strong collateral and other borrower attributes. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2019 By FICO: < 600 $ 153,123 53,389 206,512 600-639 108,817 34,809 143,626 640-679 255,011 61,886 316,897 680-719 886,909 113,157 1,000,066 720-759 2,242,911 115,941 2,358,852 760-799 5,483,747 91,980 5,575,727 800+ 21,732,241 141,741 21,873,982 No FICO available 176,088 23,534 199,622 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By FICO: < 600 $ 154,020 54,681 208,701 600-639 109,783 39,374 149,157 640-679 264,931 67,341 332,272 680-719 883,451 114,961 998,412 720-759 2,346,168 122,706 2,468,874 760-799 5,753,691 100,921 5,854,612 800+ 22,092,691 149,147 22,241,838 No FICO available 169,681 23,375 193,056 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645 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 March 31, 2019 By LTV/CLTV: 0-60% $ 19,100,714 262,772 19,363,486 60.01-80% 10,816,352 185,105 11,001,457 80.01-100% 978,537 124,188 1,102,725 100.01-120% (1) 85,910 47,602 133,512 > 120% (1) 43,916 16,031 59,947 No LTV/CLTV available 13,418 739 14,157 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By LTV/CLTV: 0-60% $ 19,522,839 272,946 19,795,785 60.01-80% 11,273,694 196,614 11,470,308 80.01-100% 837,192 135,556 972,748 100.01-120% (1) 83,515 49,441 132,956 > 120% (1) 43,004 17,196 60,200 No LTV/CLTV available 14,172 753 14,925 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645 (1) Reflects total loan balances with LTV/CLTV amounts in excess of 100%. In the event of default, the loss content would generally be limited to only the amount in excess of 100% LTV/CLTV. NONACCRUAL LOANS The following table provides loans on nonaccrual status. PCI loans are excluded from this table due to the existence of the accretable yield, independent of performance in accordance with their contractual terms. (in thousands) Mar 31, Dec 31, Total commercial $ 1,959 1,975 Consumer: Real estate 1-4 family first mortgage 144,173 142,325 Real estate 1-4 family junior lien mortgage 33,587 34,625 Total consumer 177,760 176,950 Total nonaccrual loans (excluding PCI) $ 179,719 178,925 LOANS IN PROCESS OF FORECLOSURE Our recorded investment in consumer mortgage loans collateralized by residential real estate property that are in process of foreclosure was $39.3 million and $46.4 million at March 31, 2019 and December 31, 2018 , and none of these loans are government insured/guaranteed. We commence the foreclosure process on consumer real estate loans when a borrower becomes 120 days delinquent in accordance with the Bureau of Consumer Financial Protection (formerly known as the Consumer Finance Protection Bureau) Guidelines. Foreclosure procedures and timelines vary depending on whether the property address resides in a judicial or non-judicial state. Judicial states require the foreclosure to be processed through the state’s courts while non-judicial states are processed without court intervention. Foreclosure timelines vary according to state law. 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 $381 thousand at March 31, 2019 , and $373 thousand at December 31, 2018 , are excluded from this disclosure even though they are 90 days or more contractually past due. These PCI loans are considered to be accruing because they continue to earn interest from accretable yield, independent of performance in accordance with their contractual terms. The following table shows non-PCI loans 90 days or more past due and still accruing. (in thousands) Mar 31, 2019 Dec 31, 2018 Total commercial $ — — Consumer: Real estate 1-4 family first mortgage 2,259 5,819 Real estate 1-4 family junior lien mortgage 759 708 Total consumer 3,018 6,527 Total past due (excluding PCI) $ 3,018 6,527 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 $4.5 million at March 31, 2019 and $5.3 million at December 31, 2018 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses March 31, 2019 Total commercial $ 2,629 2,183 1,950 439 Consumer: Real estate 1-4 family first mortgage 339,633 286,810 151,392 24,326 Real estate 1-4 family junior lien mortgage 85,621 77,273 56,909 14,145 Total consumer 425,254 364,083 208,301 38,471 Total impaired loans (excluding PCI) $ 427,883 366,266 210,251 38,910 December 31, 2018 Total commercial $ 2,369 1,958 1,958 442 Consumer: Real estate 1-4 family first mortgage 336,694 282,330 153,353 23,995 Real estate 1-4 family junior lien mortgage 87,941 78,792 59,509 13,411 Total consumer 424,635 361,122 212,862 37,406 Total impaired loans (excluding PCI) $ 427,004 363,080 214,820 37,848 The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment and class. Quarter ended March 31, 2019 2018 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Total commercial 2,186 15 3,021 12 Consumer: Real estate 1-4 family first mortgage 286,421 4,536 313,170 4,960 Real estate 1-4 family junior lien mortgage 78,247 1,656 89,630 1,948 Total consumer 364,668 6,192 402,800 6,908 Total impaired loans 366,854 6,207 405,821 6,920 Interest income: Cash basis of accounting 1,997 1,897 Other (1) 4,210 5,023 Total interest income 6,207 6,920 (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 $366.3 million and $363.1 million at March 31, 2019 and December 31, 2018 , 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 modify more than once, the table reflects each modification that occurred during the period. Loans that both modify and pay off within the period, as well as changes in recorded investment during the period for loans modified in prior periods, are not included in the table. Primary modification type (1) Financial effects of modifications (in thousands) Principal (2) Interest rate reduction Other concessions (3) Total Charge- offs (4) Weighted average interest rate reduction Recorded investment related to interest rate reduction (5) Quarter ended March 31, 2019 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 1,970 — 14,778 16,748 25 1.95 844 Real estate 1-4 family junior lien mortgage 405 48 2,714 3,167 45 2.21 410 Trial modifications (6) — — (469 ) (469 ) — — — Total consumer 2,375 48 17,023 19,446 70 2.04 1,254 Total $ 2,375 48 17,023 19,446 70 2.04 % $ 1,254 Quarter ended March 31, 2018 Total commercial $ — — 2,067 2,067 — — % $ — Consumer: Real estate 1-4 family first mortgage 2,049 — 5,602 7,651 76 2.13 1,100 Real estate 1-4 family junior lien mortgage 44 82 1,977 2,103 11 2.28 82 Trial modifications (6) — — (1,589 ) (1,589 ) — — — Total consumer 2,093 82 5,990 8,165 87 2.14 1,182 Total $ 2,093 82 8,057 10,232 87 2.14 % $ 1,182 (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 $3.8 million and $4.2 million for the quarters ended March 31, 2019 and 2018 , 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 $197 thousand and $112 thousand for the quarters ended March 31, 2019 and 2018 , respectively. (5) Reflects the effect of reduced interest rates on loans with an interest rate concession as one of their concession types, which includes loans reported as a principal primary modification type that also have an interest rate concession. (6) Trial modifications are granted a delay in payments due under the original terms during the trial payment period. However, these loans continue to advance through delinquency status and accrue interest according to their original terms. Any subsequent permanent modification generally includes interest rate related concessions; however, the exact concession type and resulting financial effect are usually not known until the loan is permanently modified. Trial modifications for the period are presented net of previously reported trial modifications that became permanent in the current period. The table below summarizes permanent modification TDRs that have defaulted in the current period within 12 months of their permanent modification date. We report these defaulted TDRs based on a payment default definition of 90 days past due for the commercial portfolio segment and 60 days past due for the consumer portfolio segment. Recorded investment of defaults Quarter ended March 31, (in thousands) 2019 2018 Total commercial — — Consumer: Real estate 1-4 family first mortgage 350 730 Real estate 1-4 family junior lien mortgage 75 55 Total consumer 425 785 Total 425 785

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Note 3: Fair Values of Assets and Liabilities We use fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. We did not elect the fair value option for any financial instruments as permitted in FASB ASC 825, Financial Instruments , which allows companies to elect to carry certain financial instruments at fair value with corresponding changes in fair value reported in the results of operations. As of March 31, 2019 and December 31, 2018 , 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 2018 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. In connection with the adoption of ASU 2016-01 in first quarter 2018, the valuation methodologies for estimating the fair value of financial instruments that are recorded at amortized cost, including loans, has been changed, where necessary, to conform with an exit price notion. Under an exit price notion, fair value estimates are based upon the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the balance sheet date. For certain loans the estimated fair values prior to adoption of ASU 2016-01 followed an entrance price notion that based fair values on recent prices offered to customers for loans with similar characteristics. The carrying amounts in the following table are recorded in the balance sheet under the indicated captions. We have not included assets and liabilities that are not financial instruments in our disclosure, such as other assets and other liabilities. The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying value of the Company. Carrying amount Estimated fair value (in thousands) Level 1 Level 2 Level 3 Total March 31, 2019 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 34,466,141 — — 34,154,212 34,154,212 Financial liabilities Line of credit with Bank (1) 2,209,000 — — 2,209,000 2,209,000 December 31, 2018 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 35,398,325 — — 34,703,481 34,703,481 Financial liabilities Line of credit with Bank (1) 3,054,738 — — 3,054,738 3,054,738 (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	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Common and Preferred Stock	Note 4: Common and Preferred Stock The following table provides details of our authorized common and preferred stock. March 31, 2019 and December 31, 2018 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 2018 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 March 31, 2019 , the dividend coverage ratio was 6,948% .

Transactions With Related Parti

Transactions With Related Parties	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Transactions With Related Parties	Note 5: Transactions With Related Parties The Company engages in various transactions and agreements with affiliated parties in the ordinary course of business. Due to the common ownership of the Company and the affiliated parties by Wells Fargo, these transactions and agreements may reflect circumstances and considerations that could differ from those conducted with unaffiliated parties. The principal items related to transactions with affiliated parties included in the accompanying statement of income and balance sheet are described in the table and narrative below. Quarter ended March 31, (in thousands) 2019 2018 Income statement data Interest income: Net accretion of adjustments on loans 6,822 4,278 Interest on deposits — — Total interest income 6,822 4,278 Pledge fees 1,411 6,037 Interest expense 18,387 14,402 Loan servicing costs 21,545 21,922 Management fees 10,699 6,260 (in thousands) Mar 31, Dec 31, Balance sheet related data Cash and cash equivalents $ — — Loan acquisitions (year-to-date) — 3,747,820 Loan sales (book value) (year-to-date) (11,553 ) (27,119 ) Pledged loans (carrying value) (1) 3,182,831 3,226,825 Foreclosed asset sales (year-to-date) (1,629 ) (12,901 ) Line of credit with Bank 2,209,000 3,054,738 Accounts receivable - affiliates, net 74,053 — Accounts payable - affiliates, net — 13,798 (1) The fair value of pledged loans was approximately $3.2 billion at March 31, 2019 and December 31, 2018 , 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. However, the Bank's borrowings will differ from loan balances pledged. In exchange for the pledge of our loan assets, the Bank pays us a fee that is consistent with market terms. At March 31, 2019 and March 31, 2018 , the fee was equal to an annual rate of 17 basis points ( 0.17% ) and 15 basis points ( 0.15% ), 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. The increase in first quarter 2019 was driven by an increase in allocations for portfolio credit monitoring and oversight. 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 $5.0 billion . Effective March 2019 , the Company renewed the line of credit with the Bank and the interest rate increased from three -month LIBOR plus 4.4 basis points ( 0.044% ) to three -month LIBOR plus 65.0 basis points ( 0.650% ). The change in interest rate was driven by an increase in term, along with a change in underwriting which aligned our credit rating with that of our direct parents rather than the Bank . Accounts Payable and Receivable – Affiliates, Net Accounts payable and receivable from 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 Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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, 2018 ( 2018 Form 10-K). There were no material changes to these policies in first quarter 2019 . 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 2018 Form 10-K.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Standards Adopted in 2019 In first quarter 2019 , we did not adopt any new accounting standards.
Subsequent Events	Subsequent Events We have evaluated the effects of events that have occurred subsequent to March 31, 2019 . There were no material subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements.

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2019
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. Total reductions and additions for unamortized premiums, discounts and other adjustments were less than 1% of outstanding balances at March 31, 2019 and December 31, 2018 . (in thousands) Mar 31, Dec 31, Total commercial $ 2,895,857 3,055,423 Consumer: Real estate 1-4 family first mortgage 31,034,572 31,769,813 Real estate 1-4 family junior lien mortgage 633,870 669,832 Total consumer 31,668,442 32,439,645 Total loans $ 34,564,299 35,495,068
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. 2019 2018 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Loan acquisitions $ — — — — — — Loan sales — (11,682 ) (11,682 ) — (3,641 ) (3,641 )
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 March 31, (in thousands) 2019 2018 Balance, beginning of period $ 98,268 130,661 Provision (reversal of provision) for credit losses 1,685 (5,854 ) Interest income on certain impaired loans (1) (909 ) (1,247 ) Loan charge-offs: Total commercial — — Consumer: Real estate 1-4 family first mortgage (1,194 ) (1,092 ) Real estate 1-4 family junior lien mortgage (1,379 ) (2,798 ) Total consumer (2,573 ) (3,890 ) Total loan charge-offs (2,573 ) (3,890 ) Loan recoveries: Total commercial 8 15 Consumer: Real estate 1-4 family first mortgage 1,471 2,184 Real estate 1-4 family junior lien mortgage 1,720 2,197 Total consumer 3,191 4,381 Total loan recoveries 3,199 4,396 Net loan recoveries 626 506 Balance, end of period $ 99,670 124,066 Components: Allowance for loan losses $ 98,158 122,863 Allowance for unfunded credit commitments 1,512 1,203 Allowance for credit losses $ 99,670 124,066 Net loan (recoveries) charge-offs as a percentage of average total loans (2) (0.01 )% (0.01 ) Allowance for loan losses as a percentage of total loans 0.28 0.35 Allowance for credit losses as a percentage of total loans 0.29 0.36 (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. (2) Quarterly net charge-offs (recoveries) as a percentage of average total loans are annualized.
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. 2019 2018 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Balance, beginning of period $ 26,281 71,987 98,268 28,085 102,576 130,661 Provision (reversal of provision) for credit losses (1,069 ) 2,754 1,685 (1,080 ) (4,774 ) (5,854 ) Interest income on certain impaired loans — (909 ) (909 ) — (1,247 ) (1,247 ) Loan charge-offs — (2,573 ) (2,573 ) — (3,890 ) (3,890 ) Loan recoveries 8 3,191 3,199 15 4,381 4,396 Net loan recoveries (charge-offs) 8 618 626 15 491 506 Balance, end of period $ 25,220 74,450 99,670 27,020 97,046 124,066
Loans and Allowance for Credit Losses, by Impairment Methodology	The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment methodology. Allowance for credit losses Recorded investment in loans (in thousands) Commercial Consumer Total Commercial Consumer Total March 31, 2019 Collectively evaluated (1) $ 24,781 35,979 60,760 2,893,674 31,297,332 34,191,006 Individually evaluated (2) 439 38,471 38,910 2,183 364,083 366,266 Purchased credit-impaired (PCI) (3) — — — — 7,027 7,027 Total $ 25,220 74,450 99,670 2,895,857 31,668,442 34,564,299 December 31, 2018 Collectively evaluated (1) $ 25,839 34,581 60,420 3,053,465 32,071,367 35,124,832 Individually evaluated (2) 442 37,406 37,848 1,958 361,122 363,080 PCI (3) — — — — 7,156 7,156 Total $ 26,281 71,987 98,268 3,055,423 32,439,645 35,495,068 (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 March 31, 2019 By risk category: Pass $ 2,864,170 Criticized 31,687 Total commercial loans $ 2,895,857 December 31, 2018 By risk category: Pass $ 3,016,328 Criticized 39,095 Total commercial loans $ 3,055,423
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 March 31, 2019 By delinquency status: Current-29 days past due (DPD) and still accruing $ 2,891,156 30-89 DPD and still accruing 2,742 90+ DPD and still accruing — Nonaccrual loans 1,959 Total commercial loans $ 2,895,857 December 31, 2018 By delinquency status: Current-29 DPD and still accruing $ 3,044,878 30-89 DPD and still accruing 8,570 90+ DPD and still accruing — Nonaccrual loans 1,975 Total commercial loans $ 3,055,423
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 March 31, 2019 By delinquency status: Current-29 DPD $ 30,900,593 609,727 31,510,320 30-59 DPD 61,738 10,484 72,222 60-89 DPD 14,688 5,026 19,714 90-119 DPD 8,261 1,985 10,246 120-179 DPD 9,248 2,901 12,149 180+ DPD 44,319 6,314 50,633 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By delinquency status: Current-29 DPD $ 31,627,108 642,271 32,269,379 30-59 DPD 60,060 11,230 71,290 60-89 DPD 15,032 6,934 21,966 90-119 DPD 11,435 1,889 13,324 120-179 DPD 12,846 2,055 14,901 180+ DPD 47,935 8,127 56,062 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645
Loans and allowance for Credit Losses, Loans by FICO Score, Consumer	The following table provides a breakdown of our consumer portfolio by FICO. FICO is not available for certain loan types and may not be obtained if we deem it unnecessary due to strong collateral and other borrower attributes. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2019 By FICO: < 600 $ 153,123 53,389 206,512 600-639 108,817 34,809 143,626 640-679 255,011 61,886 316,897 680-719 886,909 113,157 1,000,066 720-759 2,242,911 115,941 2,358,852 760-799 5,483,747 91,980 5,575,727 800+ 21,732,241 141,741 21,873,982 No FICO available 176,088 23,534 199,622 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By FICO: < 600 $ 154,020 54,681 208,701 600-639 109,783 39,374 149,157 640-679 264,931 67,341 332,272 680-719 883,451 114,961 998,412 720-759 2,346,168 122,706 2,468,874 760-799 5,753,691 100,921 5,854,612 800+ 22,092,691 149,147 22,241,838 No FICO available 169,681 23,375 193,056 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645
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 March 31, 2019 By LTV/CLTV: 0-60% $ 19,100,714 262,772 19,363,486 60.01-80% 10,816,352 185,105 11,001,457 80.01-100% 978,537 124,188 1,102,725 100.01-120% (1) 85,910 47,602 133,512 > 120% (1) 43,916 16,031 59,947 No LTV/CLTV available 13,418 739 14,157 Remaining PCI accounting adjustments (4,275 ) (2,567 ) (6,842 ) Total consumer loans $ 31,034,572 633,870 31,668,442 December 31, 2018 By LTV/CLTV: 0-60% $ 19,522,839 272,946 19,795,785 60.01-80% 11,273,694 196,614 11,470,308 80.01-100% 837,192 135,556 972,748 100.01-120% (1) 83,515 49,441 132,956 > 120% (1) 43,004 17,196 60,200 No LTV/CLTV available 14,172 753 14,925 Remaining PCI accounting adjustments (4,603 ) (2,674 ) (7,277 ) Total consumer loans $ 31,769,813 669,832 32,439,645 (1) Reflects total loan balances with LTV/CLTV amounts in excess of 100%. In the event of default, the loss content would generally be limited to only the amount in excess of 100% LTV/CLTV.
Loans and Allowance for Credit Losses, Nonaccrual Loans	The following table provides loans on nonaccrual status. PCI loans are excluded from this table due to the existence of the accretable yield, independent of performance in accordance with their contractual terms. (in thousands) Mar 31, Dec 31, Total commercial $ 1,959 1,975 Consumer: Real estate 1-4 family first mortgage 144,173 142,325 Real estate 1-4 family junior lien mortgage 33,587 34,625 Total consumer 177,760 176,950 Total nonaccrual loans (excluding PCI) $ 179,719 178,925
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) Mar 31, 2019 Dec 31, 2018 Total commercial $ — — Consumer: Real estate 1-4 family first mortgage 2,259 5,819 Real estate 1-4 family junior lien mortgage 759 708 Total consumer 3,018 6,527 Total past due (excluding PCI) $ 3,018 6,527
Loans and Allowance for Credit Losses, 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 $4.5 million at March 31, 2019 and $5.3 million at December 31, 2018 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses March 31, 2019 Total commercial $ 2,629 2,183 1,950 439 Consumer: Real estate 1-4 family first mortgage 339,633 286,810 151,392 24,326 Real estate 1-4 family junior lien mortgage 85,621 77,273 56,909 14,145 Total consumer 425,254 364,083 208,301 38,471 Total impaired loans (excluding PCI) $ 427,883 366,266 210,251 38,910 December 31, 2018 Total commercial $ 2,369 1,958 1,958 442 Consumer: Real estate 1-4 family first mortgage 336,694 282,330 153,353 23,995 Real estate 1-4 family junior lien mortgage 87,941 78,792 59,509 13,411 Total consumer 424,635 361,122 212,862 37,406 Total impaired loans (excluding PCI) $ 427,004 363,080 214,820 37,848
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 March 31, 2019 2018 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Total commercial 2,186 15 3,021 12 Consumer: Real estate 1-4 family first mortgage 286,421 4,536 313,170 4,960 Real estate 1-4 family junior lien mortgage 78,247 1,656 89,630 1,948 Total consumer 364,668 6,192 402,800 6,908 Total impaired loans 366,854 6,207 405,821 6,920 Interest income: Cash basis of accounting 1,997 1,897 Other (1) 4,210 5,023 Total interest income 6,207 6,920 (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 modify more than once, the table reflects each modification that occurred during the period. Loans that both modify and pay off within the period, as well as changes in recorded investment during the period for loans modified in prior periods, are not included in the table. Primary modification type (1) Financial effects of modifications (in thousands) Principal (2) Interest rate reduction Other concessions (3) Total Charge- offs (4) Weighted average interest rate reduction Recorded investment related to interest rate reduction (5) Quarter ended March 31, 2019 Total commercial $ — — — — — — % $ — Consumer: Real estate 1-4 family first mortgage 1,970 — 14,778 16,748 25 1.95 844 Real estate 1-4 family junior lien mortgage 405 48 2,714 3,167 45 2.21 410 Trial modifications (6) — — (469 ) (469 ) — — — Total consumer 2,375 48 17,023 19,446 70 2.04 1,254 Total $ 2,375 48 17,023 19,446 70 2.04 % $ 1,254 Quarter ended March 31, 2018 Total commercial $ — — 2,067 2,067 — — % $ — Consumer: Real estate 1-4 family first mortgage 2,049 — 5,602 7,651 76 2.13 1,100 Real estate 1-4 family junior lien mortgage 44 82 1,977 2,103 11 2.28 82 Trial modifications (6) — — (1,589 ) (1,589 ) — — — Total consumer 2,093 82 5,990 8,165 87 2.14 1,182 Total $ 2,093 82 8,057 10,232 87 2.14 % $ 1,182 (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 $3.8 million and $4.2 million for the quarters ended March 31, 2019 and 2018 , 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 $197 thousand and $112 thousand for the quarters ended March 31, 2019 and 2018 , 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 March 31, (in thousands) 2019 2018 Total commercial — — Consumer: Real estate 1-4 family first mortgage 350 730 Real estate 1-4 family junior lien mortgage 75 55 Total consumer 425 785 Total 425 785

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
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. In connection with the adoption of ASU 2016-01 in first quarter 2018, the valuation methodologies for estimating the fair value of financial instruments that are recorded at amortized cost, including loans, has been changed, where necessary, to conform with an exit price notion. Under an exit price notion, fair value estimates are based upon the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the balance sheet date. For certain loans the estimated fair values prior to adoption of ASU 2016-01 followed an entrance price notion that based fair values on recent prices offered to customers for loans with similar characteristics. The carrying amounts in the following table are recorded in the balance sheet under the indicated captions. We have not included assets and liabilities that are not financial instruments in our disclosure, such as other assets and other liabilities. The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying value of the Company. Carrying amount Estimated fair value (in thousands) Level 1 Level 2 Level 3 Total March 31, 2019 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 34,466,141 — — 34,154,212 34,154,212 Financial liabilities Line of credit with Bank (1) 2,209,000 — — 2,209,000 2,209,000 December 31, 2018 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 35,398,325 — — 34,703,481 34,703,481 Financial liabilities Line of credit with Bank (1) 3,054,738 — — 3,054,738 3,054,738 (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)	3 Months Ended
	Mar. 31, 2019
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. March 31, 2019 and December 31, 2018 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 Par_2

Transactions with Related Parties (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Transactions with Related Parties	The principal items related to transactions with affiliated parties included in the accompanying statement of income and balance sheet are described in the table and narrative below. Quarter ended March 31, (in thousands) 2019 2018 Income statement data Interest income: Net accretion of adjustments on loans 6,822 4,278 Interest on deposits — — Total interest income 6,822 4,278 Pledge fees 1,411 6,037 Interest expense 18,387 14,402 Loan servicing costs 21,545 21,922 Management fees 10,699 6,260 (in thousands) Mar 31, Dec 31, Balance sheet related data Cash and cash equivalents $ — — Loan acquisitions (year-to-date) — 3,747,820 Loan sales (book value) (year-to-date) (11,553 ) (27,119 ) Pledged loans (carrying value) (1) 3,182,831 3,226,825 Foreclosed asset sales (year-to-date) (1,629 ) (12,901 ) Line of credit with Bank 2,209,000 3,054,738 Accounts receivable - affiliates, net 74,053 — Accounts payable - affiliates, net — 13,798 (1) The fair value of pledged loans was approximately $3.2 billion at March 31, 2019 and December 31, 2018 , respectively.

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses, Loans Outstanding (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
deferred income as a percent of loans less than	1.00%	1.00%
Total loans	$ 34,564,299	$ 35,495,068
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,895,857	3,055,423
Total consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31,668,442	32,439,645
Real estate 1-4 family first mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31,034,572	31,769,813
Real estate 1-4 family junior lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 633,870	$ 669,832
California, New York, Washington, Virginia and Texas [Member] | Geographic Concentration Risk [Member] | Loans And Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	62.00%

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses, Significant Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	$ 0	$ 0
Loan sales	(11,682)	(3,641)
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit	489,900		$ 462,200
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	0	0
Loan sales	0	0
Total consumer [Member]
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	0	0
Loan sales	$ (11,682)	$ (3,641)

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 98,268	$ 130,661
Provision (reversal of provision) for credit losses	1,685	(5,854)
Interest income on certain impaired loans	(909)	(1,247)
Loan charge-offs	(2,573)	(3,890)
Loan recoveries	3,199	4,396
Net loan recoveries (charge-offs)	626	506
Balance, end of period	99,670	124,066
Components:
Allowance for loan losses			$ 98,158	$ 96,743	$ 122,863
Allowance For Unfunded Credit Commitments			1,512		1,203
Allowance for credit losses	$ 98,268	$ 130,661	$ 99,670	98,268	$ 124,066
Net loan (recoveries) charge-offs as a percentage of average total loans (2)	(0.01%)	(0.01%)
Allowance for loan losses as a percentage of total loans			0.28%		0.35%
Allowance for credit losses as a percentage of total loans			0.29%		0.36%
Total commercial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 26,281	$ 28,085
Provision (reversal of provision) for credit losses	(1,069)	(1,080)
Interest income on certain impaired loans	0	0
Loan charge-offs	0	0
Loan recoveries	8	15
Net loan recoveries (charge-offs)	8	15
Balance, end of period	25,220	27,020
Components:
Allowance for credit losses	26,281	28,085	$ 25,220	26,281	$ 27,020
Total consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	71,987	102,576
Provision (reversal of provision) for credit losses	2,754	(4,774)
Interest income on certain impaired loans	(909)	(1,247)
Loan charge-offs	(2,573)	(3,890)
Loan recoveries	3,191	4,381
Net loan recoveries (charge-offs)	618	491
Balance, end of period	74,450	97,046
Components:
Allowance for credit losses	71,987	102,576	$ 74,450	$ 71,987	$ 97,046
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(1,194)	(1,092)
Loan recoveries	1,471	2,184
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(1,379)	(2,798)
Loan recoveries	$ 1,720	$ 2,197

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses, Allowance Activity by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 98,268	$ 130,661
Provision (reversal of provision) for credit losses	1,685	(5,854)
Interest income on certain impaired loans	(909)	(1,247)
Loan charge-offs	(2,573)	(3,890)
Loan recoveries	3,199	4,396
Net loan recoveries	626	506
Balance, end of period	99,670	124,066
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	26,281	28,085
Provision (reversal of provision) for credit losses	(1,069)	(1,080)
Interest income on certain impaired loans	0	0
Loan charge-offs	0	0
Loan recoveries	8	15
Net loan recoveries	8	15
Balance, end of period	25,220	27,020
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	71,987	102,576
Provision (reversal of provision) for credit losses	2,754	(4,774)
Interest income on certain impaired loans	(909)	(1,247)
Loan charge-offs	(2,573)	(3,890)
Loan recoveries	3,191	4,381
Net loan recoveries	618	491
Balance, end of period	$ 74,450	$ 97,046

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Credit Impairment Methodology (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Allowance for credit losses
Collectively evaluated	$ 60,760	$ 60,420
Individually evaluated	38,910	37,848
Allowance for credit losses	99,670	98,268	$ 124,066	$ 130,661
Impaired Financing Receivable, Recorded Investment	366,266	363,080
Recorded investment in loans
Collectively evaluated	34,191,006	35,124,832
Individually evaluated	366,266	363,080
Total loans	34,564,299	35,495,068
Commercial Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	24,781	25,839
Individually evaluated	439	442
Allowance for credit losses	25,220	26,281	27,020	28,085
Impaired Financing Receivable, Recorded Investment	2,183	1,958
Recorded investment in loans
Collectively evaluated	2,893,674	3,053,465
Individually evaluated		1,958
Total loans	2,895,857	3,055,423
Consumer Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	35,979	34,581
Individually evaluated	38,471	37,406
Allowance for credit losses	74,450	71,987	$ 97,046	$ 102,576
Impaired Financing Receivable, Recorded Investment	364,083	361,122
Recorded investment in loans
Collectively evaluated	31,297,332	32,071,367
Individually evaluated	364,083	361,122
Total loans	31,668,442	32,439,645
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Allowance for credit losses
Allowance for credit losses	0	0
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | Commercial Portfolio Segment [Member]
Allowance for credit losses
Allowance for credit losses	0	0
SEC Schedule, 12-09, Allowance, Credit Loss [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	7,027	7,156
PCI Loans Carrying Value [Member] | Commercial Portfolio Segment [Member]
Recorded investment in loans
Financing Receivable, Recorded Investment, Current	0	0
PCI Loans Carrying Value [Member] | Consumer Portfolio Segment [Member]
Recorded investment in loans
Financing Receivable, Recorded Investment, Current	$ 7,027	$ 7,156

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses, Loans by Credit Quality Indicator, Commercial (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 34,564,299	$ 35,495,068
Total commercial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,895,857	3,055,423
Total commercial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,864,170	3,016,328
Total commercial [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 31,687	$ 39,095

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Commercial (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
By delinquency status:
Total loans	$ 34,564,299	$ 35,495,068
Total commercial [Member]
By delinquency status:
90 days and more past due and still accruing	0	0
Nonaccrual loans	1,959	1,975
Total loans	2,895,857	3,055,423
Current-29 days past due (DPD) and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	2,891,156	3,044,878
30-89 DPD and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	$ 2,742	$ 8,570

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
By delinquency status:
Total loans	$ 34,564,299	$ 35,495,068
Total consumer [Member]
By delinquency status:
Remaining PCI accounting adjustments	(6,842)	(7,277)
Total loans	31,668,442	32,439,645
Real estate 1-4 family first mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(4,275)	(4,603)
Total loans	31,034,572	31,769,813
Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(2,567)	(2,674)
Total loans	633,870	669,832
Current-29 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	31,510,320	32,269,379
Current-29 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	30,900,593	31,627,108
Current-29 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	609,727	642,271
30-59 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	72,222	71,290
30-59 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	61,738	60,060
30-59 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	10,484	11,230
60-89 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	19,714	21,966
60-89 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	14,688	15,032
60-89 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	5,026	6,934
90-119 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	10,246	13,324
90-119 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	8,261	11,435
90-119 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	1,985	1,889
120-179 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	12,149	14,901
120-179 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	9,248	12,846
120-179 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	2,901	2,055
180 plus DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	50,633	56,062
180 plus DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	44,319	47,935
180 plus DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	$ 6,314	$ 8,127

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses, Loans by FICO Score, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
By FICO:
Total loans	$ 34,564,299	$ 35,495,068
Total consumer [Member]
By FICO:
Remaining PCI accounting adjustments	(6,842)	(7,277)
Total loans	31,668,442	32,439,645
Real estate 1-4 family first mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(4,275)	(4,603)
Total loans	31,034,572	31,769,813
Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(2,567)	(2,674)
Total loans	633,870	669,832
FICO less than 600 [Member] | Total consumer [Member]
By FICO:
Total loans	206,512	208,701
FICO less than 600 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	153,123	154,020
FICO less than 600 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	53,389	54,681
FICO 600-639 [Member] | Total consumer [Member]
By FICO:
Total loans	143,626	149,157
FICO 600-639 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	108,817	109,783
FICO 600-639 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	34,809	39,374
FICO 640-679 [Member] | Total consumer [Member]
By FICO:
Total loans	316,897	332,272
FICO 640-679 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	255,011	264,931
FICO 640-679 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	61,886	67,341
FICO 680-719 [Member] | Total consumer [Member]
By FICO:
Total loans	1,000,066	998,412
FICO 680-719 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	886,909	883,451
FICO 680-719 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	113,157	114,961
FICO 720-759 [Member] | Total consumer [Member]
By FICO:
Total loans	2,358,852	2,468,874
FICO 720-759 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	2,242,911	2,346,168
FICO 720-759 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	115,941	122,706
FICO 760-799 [Member] | Total consumer [Member]
By FICO:
Total loans	5,575,727	5,854,612
FICO 760-799 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	5,483,747	5,753,691
FICO 760-799 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	91,980	100,921
FICO 800 or more [Member] | Total consumer [Member]
By FICO:
Total loans	21,873,982	22,241,838
FICO 800 or more [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	21,732,241	22,092,691
FICO 800 or more [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	141,741	149,147
No FICO available [Member] | Total consumer [Member]
By FICO:
Total loans	199,622	193,056
No FICO available [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	176,088	169,681
No FICO available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	$ 23,534	$ 23,375

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses, Loans by Loan to Value Ratio, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
High Value Properties, Threshold	$ 1,000
By LTV/CLTV:
Total loans	34,564,299	$ 35,495,068
Total consumer [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(6,842)	(7,277)
Total loans	31,668,442	32,439,645
Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(4,275)	(4,603)
Total loans	31,034,572	31,769,813
Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(2,567)	(2,674)
Total loans	633,870	669,832
LTV 0-60% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	19,363,486	19,795,785
LTV 0-60% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	19,100,714	19,522,839
LTV 0-60% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	262,772	272,946
LTV 60.01-80% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	11,001,457	11,470,308
LTV 60.01-80% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	10,816,352	11,273,694
LTV 60.01-80% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	185,105	196,614
LTV 80 to 100 Percent [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	1,102,725	972,748
LTV 80 to 100 Percent [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	978,537	837,192
LTV 80 to 100 Percent [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	124,188	135,556
LTV 100.01-120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	133,512	132,956
LTV 100.01-120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	85,910	83,515
LTV 100.01-120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	47,602	49,441
LTV greater than 120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	59,947	60,200
LTV greater than 120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	43,916	43,004
LTV greater than 120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	16,031	17,196
No LTV/CLTV available [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	14,157	14,925
No LTV/CLTV available [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	13,418	14,172
No LTV/CLTV available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	$ 739	$ 753

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 1,959	$ 1,975
Total consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	39,300	46,400
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	179,719	178,925
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	1,959	1,975
Loans Excluding Certain Loans Acquired In Transfer With Evidence Of Credit Deterioration [Member] | Total consumer [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	177,760	176,950
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	144,173	142,325
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	$ 33,587	$ 34,625

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses, 90 Days Past Due but Still Accruing (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
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]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	3,018	6,527
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	3,018	6,527
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	2,259	5,819
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	759	708
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	$ 381	$ 373

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses, Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Impaired Loans [Abstract]
Unpaid principal balance	$ 427,883	$ 427,004
Impaired Loans, recorded investment	366,266	363,080
Impaired Loans with related allowance for credit losses, recorded investment	210,251	214,820
Related allowance for credit losses	38,910	37,848
Total commercial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	2,629	2,369
Impaired Loans, recorded investment	2,183	1,958
Impaired Loans with related allowance for credit losses, recorded investment	1,950	1,958
Related allowance for credit losses	439	442
Total consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	425,254	424,635
Impaired Loans, recorded investment	364,083	361,122
Impaired Loans with related allowance for credit losses, recorded investment	208,301	212,862
Related allowance for credit losses	38,471	37,406
Real estate 1-4 family first mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	339,633	336,694
Impaired Loans, recorded investment	286,810	282,330
Impaired Loans with related allowance for credit losses, recorded investment	151,392	153,353
Related allowance for credit losses	24,326	23,995
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	85,621	87,941
Impaired Loans, recorded investment	77,273	78,792
Impaired Loans with related allowance for credit losses, recorded investment	56,909	59,509
Related allowance for credit losses	14,145	13,411
Trial modifications [Member]
Impaired Loans [Abstract]
Impaired Loans, recorded investment	$ 4,500	$ 5,300

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses, Impaired Loans, Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	$ 366,854	$ 405,821
Recognized interest income	6,207	6,920
Interest income:
Cash basis of accounting	1,997	1,897
Other	4,210	5,023
Total commercial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	2,186	3,021
Recognized interest income	15	12
Total consumer [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	364,668	402,800
Recognized interest income	6,192	6,908
Real estate 1-4 family first mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	286,421	313,170
Recognized interest income	4,536	4,960
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	78,247	89,630
Recognized interest income	$ 1,656	$ 1,948

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses, Troubled Debt Restructurings Modifications by Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	$ 34,466,141		$ 35,398,325
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	19,446	$ 10,232
Financial effects of modifications
Charge-offs	$ 70	$ 87
Weighted average interest rate reduction	2.04%	2.14%
Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0	$ 2,067
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 19,446	$ 8,165
Financial effects of modifications
Charge-offs	$ 70	$ 87
Weighted average interest rate reduction	2.04%	2.14%
Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 16,748	$ 7,651
Financial effects of modifications
Charge-offs	$ 25	$ 76
Weighted average interest rate reduction	1.95%	2.13%
Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 3,167	$ 2,103
Financial effects of modifications
Charge-offs	$ 45	$ 11
Weighted average interest rate reduction	2.21%	2.28%
Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ (469)	$ (1,589)
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Modification to principal [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2,375	$ 2,093
Modification to principal [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Modification to principal [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,375	2,093
Modification to principal [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,970	2,049
Modification to principal [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	405	44
Modification to principal [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Contractual Interest Rate Reduction [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	48	82
Contractual Interest Rate Reduction [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Contractual Interest Rate Reduction [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	48	82
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	48	82
Contractual Interest Rate Reduction [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Modifications, other concessions [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	17,023	8,057
Modifications, other concessions [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	2,067
Modifications, other concessions [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	17,023	5,990
Modifications, other concessions [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	14,778	5,602
Modifications, other concessions [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,714	1,977
Modifications, other concessions [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	(469)	(1,589)
Modification of recorded investment related to interest rate reduction [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,254	1,182
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
Modification of recorded investment related to interest rate reduction [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,254	1,182
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	844	1,100
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	410	82
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
Troubled debt restructuring balance [Member]
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	366,300		$ 363,100
Loans remodified [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,800	4,200
Principal Forgiveness [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 197	$ 112

Loans and Allowance for Cred_18

Loans and Allowance for Credit Losses, Troubled Debt Restructurings, Current Defaults (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 425	$ 785
Total commercial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0
Total consumer [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	425	785
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	350	730
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 75	$ 55

Fair Value, Estimates for Finan

Fair Value, Estimates for Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage of assets measured on fair value nonrecurring basis (less than 1%)	1.00%	1.00%
Financial assets
Cash and cash equivalents	$ 0	$ 0	$ 0	$ 0
Loans, net	34,466,141	35,398,325
Carrying amount [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	34,466,141	35,398,325
Financial liabilities
Line of credit with Bank	2,209,000	3,054,738
Estimated fair value [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	34,154,212	34,703,481
Financial liabilities
Line of credit with Bank	2,209,000	3,054,738
Estimated fair value [Member] | Level 1 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	0	0
Financial liabilities
Line of credit with Bank	0	0
Estimated fair value [Member] | Level 2 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	0	0
Financial liabilities
Line of credit with Bank	0	0
Estimated fair value [Member] | Level 3 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	34,154,212	34,703,481
Financial liabilities
Line of credit with Bank	$ 2,209,000	$ 3,054,738

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
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
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	6948.00%

Transactions with Related Par_3

Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Net accretion of adjustments on loans	$ 6,822	$ 4,278
Total interest income	358,113	351,664
Pledge fees	1,411	6,037
Interest expense	18,387	14,402
Loan servicing costs	21,545	21,922
Management fees	10,699	6,260
Balance sheet related data
Cash and Cash Equivalents, at Carrying Value	0	0	$ 0	$ 0
Loan acquisitions (year-to-date)	0	0
Loan sales (book value) (year-to-date)	(11,682)	(3,641)
Line of credit with Bank	2,209,000		3,054,738
Accounts receivable - affiliates, net	74,053		0
Accounts payable - affiliates, net	0		13,798
Related Party [Member]
Related Party Transaction [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	3,200,000		3,200,000
Interest income:
Net accretion of adjustments on loans	6,822	4,278
Interest on deposits	0	0
Total interest income	6,822	4,278
Pledge fees	1,411	6,037
Interest expense	18,387	14,402
Loan servicing costs	21,545	21,922
Management fees	10,699	$ 6,260
Balance sheet related data
Cash and Cash Equivalents, at Carrying Value	0		0
Loan acquisitions (year-to-date)	0		3,747,820
Loan sales (book value) (year-to-date)	(11,553)		(27,119)
Pledged loans (carrying value)	3,182,831		3,226,825
Foreclosed assets sales (year-to-date)	(1,629)		(12,901)
Line of credit with Bank	2,209,000		3,054,738
Accounts receivable - affiliates, net	$ 74,053		0
Pledged Loans, Collateral Threshold, Percentage Of Total Assets	80.00%
Pledged loan annual basis point rate applied to UPB	0.17%	0.15%
Accounts payable - affiliates, net	$ 0		$ 13,798
Revolving Credit Facility [Member] | Related Party [Member]
Balance sheet related data
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000
Federal Funds Effective Swap Rate [Member] | Revolving Credit Facility [Member] | Related Party [Member]
Balance sheet related data
Debt Instrument, Basis Spread on Variable Rate	0.65%		0.044%