Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | COLUMBIA BANKING SYSTEM INC | |
Entity Central Index Key | 887,343 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 73,257,775 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
ASSETS | |||
Cash and due from banks | $ 220,706 | $ 244,615 | |
Interest-earning deposits with banks | 21,456 | 97,918 | |
Total cash and cash equivalents | 242,162 | 342,533 | |
Debt Securities, Available-for-sale | 2,921,114 | 2,737,751 | |
Equity securities at fair value | 4,901 | 5,080 | |
Federal Home Loan Bank stock at cost | 16,640 | 10,440 | |
Loans held for sale | 5,275 | 5,766 | |
Loans, net of unearned income | 8,514,317 | 8,358,657 | |
Less: allowance for loan and lease losses | 83,787 | 75,646 | |
Loans, net | 8,430,530 | 8,283,011 | |
Interest receivable | 48,476 | 40,881 | |
Premises and equipment, net | 169,681 | 169,490 | |
Other real estate owned | 7,331 | 13,298 | |
Goodwill | 765,842 | [1] | 765,842 |
Other intangible assets, net | 48,827 | 58,173 | |
Other assets | 295,817 | 284,621 | |
Total assets | 12,956,596 | 12,716,886 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||
Noninterest-bearing | 5,250,222 | 5,081,901 | |
Interest-bearing | 5,353,735 | 5,450,184 | |
Total deposits | 10,603,957 | 10,532,085 | |
Federal Home Loan Bank advances | 166,536 | 11,579 | |
Securities sold under agreements to repurchase | 62,197 | 79,059 | |
Subordinated Debt | 35,508 | 35,647 | |
Junior Subordinated Notes | 0 | 8,248 | |
Other liabilities | 107,003 | 100,346 | |
Total liabilities | 10,975,201 | 10,766,964 | |
Commitments and contingent liabilities (Note 12) | |||
Shareholders' equity: | |||
Authorized shares | 115,000 | 115,000 | |
Common Stock Shares Issued And Outstanding | 73,260 | 73,020 | |
Common Stock (no par value) | $ 1,640,140 | $ 1,634,705 | |
Retained earnings | 411,264 | 337,442 | |
Accumulated other comprehensive loss | (70,009) | (22,225) | |
Total shareholders’ equity | 1,981,395 | 1,949,922 | |
Total liabilities and shareholders’ equity | $ 12,956,596 | $ 12,716,886 | |
[1] | See Note 3, “Business Combinations,” for additional information regarding goodwill and intangible assets recorded related to the acquisition of Pacific Continental on November 1, 2017. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Authorized shares | 115,000 | 115,000 |
Common stock, shares outstanding | 73,260 | 73,020 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest Income | ||||
Loans | $ 109,748 | $ 78,641 | $ 318,187 | $ 228,340 |
Taxable securities | 14,654 | 8,718 | 39,285 | 29,172 |
Tax-exempt securities | 3,069 | 2,718 | 9,196 | 8,125 |
Deposits in banks | 104 | 226 | 600 | 268 |
Total interest income | 127,575 | 90,303 | 367,268 | 265,905 |
Interest Expense | ||||
Deposits | 3,193 | 1,083 | 8,274 | 2,778 |
Federal Home Loan Bank advances | 966 | 163 | 2,351 | 979 |
Subordinated debentures | 468 | 0 | 1,404 | 0 |
Other borrowings | 152 | 128 | 288 | 383 |
Total interest expense | 4,779 | 1,374 | 12,317 | 4,140 |
Net Interest Income | 122,796 | 88,929 | 354,951 | 261,765 |
Provision (recapture) for loan and lease losses | 3,153 | (648) | 12,980 | 5,304 |
Net interest income after provision (recapture) for loan and lease losses | 119,643 | 89,577 | 341,971 | 256,461 |
Noninterest Income | ||||
Deposit account and treasury management fees | 9,266 | 7,685 | 26,689 | 22,368 |
Card revenue | 3,714 | 6,735 | 16,143 | 18,660 |
Financial services and trust revenue | 2,975 | 2,645 | 8,924 | 8,520 |
Loan revenue | 3,282 | 3,154 | 9,522 | 9,736 |
Merchant processing revenue | 0 | 0 | 0 | 4,283 |
Bank owned life insurance | 1,402 | 1,290 | 4,540 | 4,003 |
Gain (Loss) on Investments | (62) | 0 | (73) | 0 |
Change in FDIC loss-sharing asset | 0 | 0 | 0 | (447) |
Gain on sale of merchant card services portfolio | 0 | 14,000 | 0 | 14,000 |
Other | 442 | 1,558 | 2,109 | 4,938 |
Total noninterest income | 21,019 | 37,067 | 67,854 | 86,061 |
Noninterest Expense | ||||
Compensation and employee benefits | 49,419 | 39,983 | 148,938 | 119,201 |
Occupancy | 8,321 | 8,085 | 27,718 | 22,853 |
Merchant processing expense | 0 | 0 | 0 | 2,196 |
Advertising and promotion | 1,472 | 969 | 4,523 | 2,923 |
Data processing | 4,466 | 4,122 | 14,957 | 13,071 |
Legal and professional fees | 4,695 | 2,880 | 12,103 | 9,196 |
Taxes, licenses and fees | 1,562 | 1,505 | 4,547 | 3,494 |
Regulatory premiums | 904 | 782 | 2,778 | 2,299 |
Net cost (benefit) of operation of other real estate owned | 485 | 271 | 1,244 | 422 |
Amortization of intangibles | 3,070 | 1,188 | 9,346 | 3,786 |
Other | 8,447 | 7,752 | 27,317 | 25,949 |
Total noninterest expense | 82,841 | 67,537 | 253,471 | 205,390 |
Income before income taxes | 57,821 | 59,107 | 156,354 | 137,132 |
Income tax provision | 11,406 | 18,338 | 28,220 | 40,032 |
Net Income | $ 46,415 | $ 40,769 | $ 128,134 | $ 97,100 |
Earnings per common share | ||||
Basic ($ per share) | $ 0.63 | $ 0.70 | $ 1.75 | $ 1.67 |
Diluted ($ per share) | 0.63 | 0.70 | 1.75 | 1.67 |
Dividends declared per common share | $ 0.26 | $ 0.22 | $ 0.74 | $ 0.66 |
Weighted average number of common shares outstanding | 72,427 | 57,566 | 72,370 | 57,459 |
Weighted average number of diluted common shares outstanding | 72,432 | 57,571 | 72,374 | 57,465 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Net income | $ 46,415 | $ 40,769 | $ 128,134 | $ 97,100 | |
Unrealized gain from securities: | |||||
Net unrealized holding loss from available for sale securities arising during the period | (14,149) | 549 | (48,043) | 8,284 | |
Reclassification adjustment of net gain from sale of available for sale securities included in income | (81) | 0 | |||
Net unrealized gain from securities, net of reclassification adjustment | (14,149) | 549 | (48,124) | 8,284 | |
Pension plan liability adjustment: | |||||
Unrecognized net actuarial gain (loss) during the period | 0 | 4,604 | |||
Less: amortization of unrecognized net actuarial loss included in net periodic pension cost | 61 | 46 | 183 | 178 | |
Pension plan liability adjustment, net | 61 | 46 | 183 | 4,782 | |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | [1] | (14,088) | 595 | (47,941) | 13,066 |
Total comprehensive income | $ 32,327 | $ 41,364 | $ 80,193 | $ 110,166 | |
[1] | All amounts are net of tax. Amounts in parenthesis indicate debits. |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net unrealized holding gain (loss) from available for sale securities arising during the period, tax | $ 4,286 | $ (312) | $ 14,554 | $ (4,716) |
Reclassification adjustment of net gain from sale of available for sale securities included in income, tax | 0 | 0 | 25 | 0 |
Net unrealized loss from unfunded defined benefit plan liability arising during the period, tax | 0 | 0 | 0 | (2,622) |
Less: amortization of unrecognized net actuarial loss included in net periodic pension cost, tax | $ (19) | $ (26) | $ (56) | $ (101) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Preferred Stock [Member] |
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-09 [Member] | $ 67 | $ 184 | $ (117) | ||
Balance, value at Dec. 31, 2016 | 1,251,012 | $ 995,837 | 271,957 | $ (18,999) | $ 2,217 |
Balance, shares at Dec. 31, 2016 | 58,042 | 9 | |||
Net income | 97,100 | 97,100 | |||
Other comprehensive income | 13,066 | 13,066 | |||
Issuance of common stock - stock option and other plans, value | 1,980 | $ 1,980 | |||
Issuance of common stock - stock option and other plans, shares | 49 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 5,915 | $ 5,915 | |||
Conversion of Stock, Shares Converted | (9) | ||||
Conversion of Stock, Amount Converted | $ (2,217) | ||||
Conversion of Stock, New Issuance | 102 | ||||
Conversion of Stock, Amount Issued | 0 | $ 2,217 | |||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 238 | ||||
Stock Repurchased and Retired During Period, Value | (2,246) | $ (2,246) | |||
Stock Repurchased During Period, Shares | (55) | ||||
Cash dividends paid on common stock | (38,466) | (38,466) | |||
Balance, value at Sep. 30, 2017 | 1,328,428 | $ 1,003,887 | 330,474 | (5,933) | $ 0 |
Balance, shares at Sep. 30, 2017 | 58,376 | 0 | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01 [Member] | 0 | (157) | 157 | ||
Balance, value at Dec. 31, 2017 | 1,949,922 | $ 1,634,705 | 337,442 | (22,225) | $ 0 |
Balance, shares at Dec. 31, 2017 | 73,020 | 0 | |||
Net income | 128,134 | 128,134 | |||
Other comprehensive income | (47,941) | (47,941) | |||
Issuance of common stock - stock option and other plans, value | 1,857 | $ 1,857 | |||
Issuance of common stock - stock option and other plans, shares | 45 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 6,231 | $ 6,231 | |||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 257 | ||||
Stock Repurchased and Retired During Period, Value | (2,660) | $ (2,660) | |||
Stock Repurchased During Period, Shares | (62) | ||||
Cash dividends paid on common stock | (54,155) | (54,155) | |||
Balance, value at Sep. 30, 2018 | 1,981,395 | $ 1,640,140 | $ 411,264 | $ (70,009) | $ 0 |
Balance, shares at Sep. 30, 2018 | 73,260 | 0 | |||
Stock Adjustment Deferred Compensation - Shares | 0 | ||||
Stock Adjustment Value Deferred Compensation | $ 7 | $ 7 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash Flows From Operating Activities | ||
Net income | $ 128,134 | $ 97,100 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
Provision for loan and lease losses | 12,980 | 5,304 |
Stock-based compensation expense | 6,231 | 5,915 |
Depreciation, amortization and accretion | 25,807 | 21,483 |
Investment securities losses, net | (73) | 0 |
Net realized (gain) loss on sale of premises and equipment, loans held for investment and other assets | (142) | 189 |
Net realized loss on sale and valuation adjustments of other real estate owned | (1,299) | (489) |
Gain on sale of merchant card services portfolio | 0 | 14,000 |
Gain on bank owned life insurance death benefit | 0 | 2,980 |
FDIC loss-sharing agreement early termination, pretax charge | 0 | 2,409 |
Originations of loans held for sale | 103,614 | 99,130 |
Proceeds from sales of loans held for sale | 104,105 | 97,174 |
Net change in: | ||
Interest receivable | (7,595) | (6,089) |
Interest payable | 618 | (21) |
Other assets | (2,599) | (4,406) |
Other liabilities | 5,662 | (2,624) |
Net cash provided by operating activities | 171,243 | 100,435 |
Cash Flows From Investing Activities | ||
Loans originated, net of principal collected | (168,382) | (304,831) |
Purchases of securities available for sale | (606,052) | (130,906) |
Purchases of premises and equipment | (8,253) | (4,380) |
Payments to Acquire Federal Home Loan Bank Stock | (136,120) | (92,040) |
Proceeds from FDIC for reimbursement on loss-sharing asset | 0 | 26 |
Proceeds from sales of securities available for sale | 32,330 | 0 |
Proceeds from principal repayments and maturities of securities available for sale | 311,956 | 200,470 |
Proceeds from Sales of Assets, Investing Activities | 14,956 | 12,157 |
Proceeds from sale of merchant card services portfolio | 0 | 14,000 |
Proceeds from Sale of Federal Home Loan Bank Stock | 129,920 | 92,040 |
Proceeds from sales of other real estate and other personal property owned | 5,868 | 1,901 |
Proceeds from Life Insurance Policy | 5,074 | 10,745 |
Payment from (to) FDIC to terminate loss-sharing agreements | 0 | (4,666) |
Payments to FDIC related to loss-sharing asset | 0 | (210) |
Net cash used in investing activities | (418,703) | (205,694) |
Cash Flows From Financing Activities | ||
Net increase in deposits | 72,151 | 282,336 |
Net decrease in sweep repurchase agreements | (16,862) | (39,889) |
Proceeds from Federal Home Loan Bank advances | 3,403,000 | 2,301,000 |
Federal Reserve Bank borrowings | 5,010 | 10 |
Proceeds from exercise of stock options | 1,857 | 1,980 |
Repayment of Federal Home Loan Bank advances | (3,248,000) | (2,301,000) |
Repayment of Federal Reserve Bank borrowings | 5,010 | 10 |
Payment of common stock dividends | (54,149) | (38,466) |
Repayments of junior subordinated debt | 8,248 | 0 |
Purchase and retirement of common stock | 2,660 | 2,246 |
Net cash provided by financing activities | 147,089 | 203,715 |
Increase (decrease) in cash and cash equivalents | (100,371) | 98,456 |
Cash and cash equivalents at beginning of period | 342,533 | 224,238 |
Cash and cash equivalents at end of period | 242,162 | 322,694 |
Supplemental Information: | ||
Cash paid for interest | 11,699 | 4,161 |
Cash paid for income tax | 12,768 | 37,701 |
Non-cash investing and financing activities | ||
Loans transferred to other real estate owned | 1,200 | 74 |
Premises and equipment expenditures incurred but not yet paid | 464 | 0 |
Change in dividends payable on unvested shares | $ 6 | $ 0 |
Basis of Presentation and Signi
Basis of Presentation and Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Basis of Presentation And Significant Accounting Policies | |
Basis of Presentation and Significant Accounting Policies | Basis of Presentation, Significant Accounting Policies and Reclassifications Basis of Presentation The interim unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Article 10 of Regulation S-X. The Consolidated Financial Statements include the accounts of Columbia Banking System, Inc. (“we”, “our”, “Columbia” or the “Company”) and its subsidiaries, including its wholly owned banking subsidiary Columbia State Bank (“Columbia Bank” or the “Bank”) and Columbia Trust Company (“Columbia Trust”). All intercompany transactions and accounts have been eliminated in consolidation. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of the results for the interim periods presented have been included. The results of operations for the nine months ended September 30, 2018 are not necessarily indicative of results to be anticipated for the year ending December 31, 2018 . The accompanying interim unaudited Consolidated Financial Statements should be read in conjunction with the financial statements and related notes contained in the Company’s 2017 Annual Report on Form 10-K. Significant Accounting Policies The significant accounting policies used in preparation of our Consolidated Financial Statements are disclosed in our 2017 Annual Report on Form 10-K. There have not been any changes in our significant accounting policies compared to those contained in our 2017 Form 10-K disclosure for the year ended December 31, 2017 . Reclassifications Certain amounts reported in prior periods have been reclassified in the Consolidated Financial Statements to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported. |
Accounting Pronouncements Recen
Accounting Pronouncements Recently Issued $ in Millions | 9 Months Ended |
Sep. 30, 2018USD ($) | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Accounting Pronouncements Recently Issued | Accounting Pronouncements Recently Issued In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract . The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments also require the entity to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, including reasonably certain renewal periods. The amendments in ASU 2018-15 are effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company is assessing the impact that this guidance will have on its Consolidated Financial Statements. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU provide specific guidance on several statement of cash flow classification issues to reduce diversity in practice. The amendments in ASU 2016-15 are effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company has reclassified items in the Statement of Cash Flows for the nine months ended September 30, 2017 to conform with its current presentation based on its adoption of ASU 2016-15. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . The amendments included in this ASU require an entity to reflect its current estimate of all expected credit losses for assets held at an amortized cost basis. For available for sale debt securities, credit losses will be measured in a manner similar to current GAAP, however, this ASU will require that credit losses be presented as an allowance rather than as a write-down. The amendments in ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, and are required to be adopted through a modified retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is effective. Currently, the Company cannot reasonably estimate the impact that adoption of ASU 2016-13 will have on its Consolidated Financial Statements; however, the impact may be significant. That assessment is based upon the fact that, unlike the incurred loss models in existing GAAP, the current expected credit loss (“CECL”) model in ASU 2016-13 does not specify a threshold for the recognition of an impairment allowance. Rather, the Company will recognize an impairment allowance equal to its estimate of lifetime expected credit losses, adjusted for prepayments, for in-scope financial instruments as of the end of the reporting period. Accordingly, the impairment allowance measured under the CECL model could increase significantly from the impairment allowance measured under the Company’s existing incurred loss model. The Company has engaged a third-party vendor to assist in the CECL calculation and has developed an internal governance framework to oversee the CECL implementation. Other significant CECL implementation matters being addressed by the Company include selecting loss estimation methodologies, identifying, sourcing and storing data, addressing data gaps, defining a reasonable and supportable forecast period, selecting historical loss information which will be reverted to, documenting the CECL estimation process, assessing the impact to internal controls over financial reporting, capital planning and seeking process approval from audit and regulatory stakeholders. In February 2016, the FASB issued ASU 2016-02, Leases . The amendments included in this ASU create a new accounting model for both lessees and lessors. The new guidance requires lessees to recognize lease liabilities, initially measured as the present value of future lease payments, and corresponding right-of-use assets for all leases with lease terms greater than 12 months. This model differs from the current lease accounting model, which does not require such lease liabilities and corresponding right-of-use assets to be recorded for operating leases. The amendments in ASU 2016-02 must be adopted using the modified retrospective approach and will be effective for the first interim or annual period beginning after December 15, 2018. The FASB subsequently issued ASU 2018-11, which allows for an additional (optional) transition method. Early adoption is permitted. During 2017, the Company selected a third-party lease accounting application to assist in the implementation of this new guidance. Significant implementation matters to be addressed by the Company include assessing the impact to our internal controls over financial reporting and documenting the new lease accounting process. At September 30, 2018 the Company’s estimate of right-of-use assets and lease liabilities that would be recorded on its January 1, 2019 Consolidated Balance Sheet upon adoption of ASU 2016-02 was between $40.0 million and $50.0 million . This estimate may change depending on the Company’s lease activity. Additionally, the Company expects to recognize a cumulative effect adjustment upon adoption to increase the beginning balance of retained earnings as of January 1, 2019 for any remaining deferred gains on sale-leaseback transactions which occurred prior to the date of adoption. The Company had $1.0 million of deferred gains on sale-leaseback transactions as of September 30, 2018. We do not expect a material impact to our Consolidated Statement of Income as a result of this ASU. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . The amendments in ASU 2016-01 require all equity investments to be measured at fair value with changes in the fair value recognized through net income. The amendments in ASU 2016-01 also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The amendments in ASU 2016-01 are effective for the first interim or annual period beginning after December 15, 2017. The Company adopted the amendments of ASU 2016-01 effective January 1, 2018 and recorded a cumulative effect adjustment of $157 thousand to retained earnings related to the unrealized holding losses on equity securities with readily determinable fair value included in accumulated other comprehensive loss. The Company also added a separate line item on the Consolidated Balance Sheet for equity securities at fair value and reclassified amounts previously included in securities available for sale at fair value to conform to current period presentation. In addition, as required by the ASU, the fair value disclosure for loans is computed using an exit price notion and deposits with no stated maturity are no longer included in the fair value disclosures in Note 15, “Fair Value Accounting and Measurement.” In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides revenue recognition guidance that is intended to create greater consistency with respect to how and when revenue from contracts with customers is shown in the income statement. The guidance requires that revenue from contracts with customers be recognized when transfer of control over goods or services is passed to customers in the amount of consideration expected to be received. Subsequent Accounting Standard Updates have been issued clarifying the original pronouncement (ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20). The majority of the Company’s revenue is comprised of interest income from financial assets, which is specifically outside the scope of ASU 2014-09. On January 1, 2018, we adopted the accounting guidance in ASU 2014-09 and all the related amendments (“Topic 606”) using the modified retrospective method for all contracts that have not been completed (i.e. open contracts). Therefore, the comparative information has not been adjusted and continues to be reported under Topic 605. There was no cumulative effect adjustment as of January 1, 2018, and there were no material changes to the timing or amount of revenue recognized for the nine months ended September 30, 2018; however, additional disclosures were incorporated in the footnotes upon adoption. See Note 17, “Revenue from Contracts with Customers,” for more information. |
Minimum [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Operating Lease, Right-of-Use Asset | $ 40 |
Maximum [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Operating Lease, Right-of-Use Asset | $ 50 |
Business Combinations
Business Combinations | 9 Months Ended |
Sep. 30, 2018 | |
Business Acquisition [Line Items] | |
Business Combination Disclosure [Text Block] | Business Combinations On November 1, 2017 , the Company completed its acquisition of Pacific Continental Corporation (“Pacific Continental”) and its wholly-owned banking subsidiary Pacific Continental Bank. The Company acquired 100% of the equity interests of Pacific Continental. The primary reasons for the acquisition were to expand in the Eugene, Oregon market and improve branch network efficiencies in the Seattle and Portland markets. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their fair values as of the November 1, 2017 acquisition date. The application of the acquisition method of accounting resulted in the recognition of goodwill of $383.1 million and a core deposit intangible of $46.9 million , or 2.34% of core deposits. The goodwill represents the excess of the purchase price over the fair value of the net assets acquired. The goodwill is not deductible for income tax purposes. The table below summarizes the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: November 1, 2017 (in thousands) Merger consideration $ 637,103 Identifiable net assets acquired, at fair value Assets acquired Cash and cash equivalents $ 81,190 Investment securities 449,291 Federal Home Loan Bank stock 7,084 Loans 1,873,987 Interest receivable 7,827 Premises and equipment 27,343 Other real estate owned 10,279 Core deposit intangible 46,875 Other assets 50,638 Total assets acquired 2,554,514 Liabilities assumed Deposits (2,118,982 ) Federal Home Loan Bank advances (101,127 ) Subordinated debentures (35,678 ) Junior subordinated debentures (14,434 ) Securities sold under agreements to repurchase (1,617 ) Other liabilities (28,653 ) Total liabilities assumed (2,300,491 ) Total fair value of identifiable net assets 254,023 Goodwill $ 383,080 See Note 8, “Goodwill and Other Intangible Assets,” for further discussion of the accounting for goodwill and other intangible assets. The operating results of the Company reported herein include the operating results produced by the acquired assets and assumed liabilities for the period January 1, 2018 to September 30, 2018 . Disclosure of the amount of Pacific Continental’s revenue and net income (excluding integration costs) included in Columbia’s Consolidated Statements of Income is impracticable due to the integration of the operations and accounting for this acquisition. For illustrative purposes only, the following table presents certain unaudited pro forma information for the nine months ended September 30, 2017 . This unaudited, estimated pro forma financial information was calculated as if Pacific Continental had been acquired as of the beginning of the year prior to the date of acquisition. This unaudited pro forma information combines the historical results of Pacific Continental with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred as of the beginning of the year prior to the acquisition. In particular, no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of the beginning of the year prior to the date of acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value. Additionally, Columbia expects to achieve further operating cost savings and other business synergies, including revenue growth as a result of the acquisition, which are not reflected in the pro forma amounts that follow. As a result, actual amounts would have differed from the unaudited pro forma information presented. Unaudited Pro Forma Nine Months Ended September 30, 2017 (in thousands except per share) Total revenues (net interest income plus noninterest income) $ 432,060 Net income $ 122,410 Earnings per share - basic $ 1.70 Earnings per share - diluted $ 1.70 The following table shows the impact of the acquisition-related expenses related to the acquisition of Pacific Continental for the periods indicated to the various components of noninterest expense: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Noninterest Expense Compensation and employee benefits $ 923 $ 3 $ 3,410 $ 3 Occupancy 29 593 1,619 945 Advertising and promotion — 184 534 201 Data processing 20 66 941 539 Legal and professional fees 102 157 893 1,587 Taxes, licenses and fees — — — 3 Other 7 168 771 280 Total impact of acquisition-related costs to noninterest expense $ 1,081 $ 1,171 $ 8,168 $ 3,558 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | Securities The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale: Amortized Gross Gross Fair Value September 30, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,997,736 $ 295 $ (69,199 ) $ 1,928,832 State and municipal securities 578,132 1,927 (12,241 ) 567,818 U.S. government agency and government-sponsored enterprise securities 433,267 37 (9,087 ) 424,217 U.S. government securities 251 — (4 ) 247 Total $ 3,009,386 $ 2,259 $ (90,531 ) $ 2,921,114 December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,752,236 $ 1,815 $ (27,326 ) $ 1,726,725 State and municipal securities 593,940 6,023 (3,959 ) 596,004 U.S. government agency and government-sponsored enterprise securities 416,894 642 (2,762 ) 414,774 U.S. government securities 251 — (3 ) 248 Total $ 2,763,321 $ 8,480 $ (34,050 ) $ 2,737,751 The following table provides the proceeds and both gross realized gains and losses on sales of debt securities available for sale as well as other securities gains and losses for the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands) Proceeds from sales of debt securities available for sale $ — $ — $ 32,330 $ — Gross realized gains from sales of debt securities available for sale $ — $ — $ 235 $ — Gross realized losses from sales of debt securities available for sale — — (129 ) — Other securities losses, net (1) (62 ) — (179 ) — Investment securities losses, net $ (62 ) $ — $ (73 ) $ — __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities. There were no sales of equity securities during the periods presented. The scheduled contractual maturities of debt securities available for sale at September 30, 2018 are presented as follows: September 30, 2018 Amortized Cost Fair Value (in thousands) Due within one year $ 126,071 $ 126,253 Due after one year through five years 612,279 598,770 Due after five years through ten years 1,144,161 1,113,290 Due after ten years 1,126,875 1,082,801 Total debt securities available for sale $ 3,009,386 $ 2,921,114 The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: September 30, 2018 (in thousands) Washington and Oregon State to secure public deposits $ 256,078 Federal Reserve Bank to secure borrowings 51,843 Other securities pledged 119,981 Total securities pledged as collateral $ 427,902 The following table shows the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,084,529 $ (26,966 ) $ 834,985 $ (42,233 ) $ 1,919,514 $ (69,199 ) State and municipal securities 333,523 (6,833 ) 96,018 (5,408 ) 429,541 (12,241 ) U.S. government agency and government-sponsored enterprise securities 300,519 (6,269 ) 120,102 (2,818 ) 420,621 (9,087 ) U.S. government securities — — 247 (4 ) 247 (4 ) Total $ 1,718,571 $ (40,068 ) $ 1,051,352 $ (50,463 ) $ 2,769,923 $ (90,531 ) December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 816,678 $ (6,710 ) $ 717,211 $ (20,616 ) $ 1,533,889 $ (27,326 ) State and municipal securities 220,019 (1,723 ) 75,172 (2,236 ) 295,191 (3,959 ) U.S. government agency and government-sponsored enterprise securities 184,046 (1,006 ) 155,983 (1,756 ) 340,029 (2,762 ) U.S. government securities 249 (3 ) — — 249 (3 ) Total $ 1,220,992 $ (9,442 ) $ 948,366 $ (24,608 ) $ 2,169,358 $ (34,050 ) At September 30, 2018 , there were 481 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations securities in an unrealized loss position, of which 153 were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2018 . At September 30, 2018 , there were 458 state and municipal government securities in an unrealized loss position, of which 92 were in a continuous loss position for 12 months or more. The unrealized losses on state and municipal securities were caused by interest rate changes or widening of market spreads subsequent to the purchase of the individual securities. Management monitors published credit ratings of these securities for adverse changes. As of September 30, 2018 , none of the rated obligations of state and local government entities held by the Company had a below investment grade credit rating. Because the credit quality of these securities are investment grade and the Company does not intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2018 . At September 30, 2018 , there were 54 U.S. government agency and government-sponsored enterprise securities in an unrealized loss position, of which 14 were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not currently intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2018 . At September 30, 2018 , there was one U.S. government security in an unrealized loss position, which was also in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where this investment falls within the yield curve and its individual characteristics. Because the Company does not currently intend to sell this security nor does the Company consider it more likely than not that it will be required to sell this security before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider this investment to be other-than-temporarily impaired at September 30, 2018 . |
Loans
Loans | 9 Months Ended |
Sep. 30, 2018 | |
Loans Receivable, Net [Abstract] | |
Loans | Loans The Company’s loan portfolio includes originated and purchased loans. Originated loans and purchased loans for which there was no evidence of credit deterioration at their acquisition date and it was probable that we would be able to collect all contractually required payments are referred to collectively as loans, excluding purchased credit impaired loans. Purchased loans for which there was, at acquisition date, evidence of credit deterioration since their origination and it was probable that we would be unable to collect all contractually required payments are referred to as purchased credit impaired loans, or “PCI loans.” The following is an analysis of the loan portfolio by segment (net of unearned income): September 30, 2018 December 31, 2017 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,554,147 $ 11,164 $ 3,565,311 $ 3,377,324 $ 12,628 $ 3,389,952 Real estate: One-to-four family residential 232,924 8,356 241,280 188,396 12,395 200,791 Commercial and multifamily residential 3,786,615 66,748 3,853,363 3,825,739 75,594 3,901,333 Total real estate 4,019,539 75,104 4,094,643 4,014,135 87,989 4,102,124 Real estate construction: One-to-four family residential 211,629 159 211,788 200,518 177 200,695 Commercial and multifamily residential 349,328 579 349,907 371,931 607 372,538 Total real estate construction 560,957 738 561,695 572,449 784 573,233 Consumer 327,863 8,930 336,793 334,190 11,269 345,459 Less: Net unearned income (44,125 ) — (44,125 ) (52,111 ) — (52,111 ) Total loans, net of unearned income 8,418,381 95,936 8,514,317 8,245,987 112,670 8,358,657 Less: Allowance for loan and lease losses (79,770 ) (4,017 ) (83,787 ) (68,739 ) (6,907 ) (75,646 ) Total loans, net $ 8,338,611 $ 91,919 $ 8,430,530 $ 8,177,248 $ 105,763 $ 8,283,011 Loans held for sale $ 5,275 $ — $ 5,275 $ 5,766 $ — $ 5,766 At September 30, 2018 and December 31, 2017 , the Company had no material foreign activities. Substantially all of the Company’s loans and unfunded commitments are geographically concentrated in its service areas within the states of Washington, Oregon and Idaho. The Company has made loans to executive officers and directors of the Company and related interests. These loans are made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and do not involve more than the normal risk of collectability. The aggregate dollar amount of these loans was $9.7 million and $10.0 million at September 30, 2018 and December 31, 2017 , respectively. During the first nine months of 2018 , there were $14 thousand in advances and $226 thousand in repayments. At September 30, 2018 and December 31, 2017 , $3.18 billion and $2.25 billion of commercial and residential real estate loans were pledged as collateral on Federal Home Loan Bank of Des Moines (“FHLB”) borrowings and additional borrowing capacity. The Company has also pledged $76.2 million and $70.2 million of commercial loans to the Federal Reserve Bank for additional borrowing capacity at September 30, 2018 and December 31, 2017 , respectively. The following is an analysis of nonaccrual loans as of September 30, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 45,753 $ 57,049 $ 45,410 $ 56,865 Unsecured — — 50 49 Real estate: One-to-four family residential 501 508 785 1,182 Commercial & multifamily residential: Commercial land 2,461 2,470 2,628 2,623 Income property 1,873 2,523 4,284 5,410 Owner occupied 6,678 6,992 7,029 7,270 Real estate construction: One-to-four family residential: Land and acquisition 318 318 25 26 Residential construction — — 1,829 1,828 Consumer 2,748 2,937 4,149 4,633 Total $ 60,332 $ 72,797 $ 66,189 $ 79,886 Loans, excluding purchased credit impaired loans The following is an aging of the recorded investment of the loan portfolio as of September 30, 2018 and December 31, 2017 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans September 30, 2018 (in thousands) Commercial business: Secured $ 3,365,159 $ 7,141 $ 2,258 $ — $ 9,399 $ 45,753 $ 3,420,311 Unsecured 117,801 1,118 — — 1,118 — 118,919 Real estate: One-to-four family residential 229,685 341 784 — 1,125 501 231,311 Commercial & multifamily residential: Commercial land 278,777 — — — — 2,461 281,238 Income property 1,880,405 3,339 2,073 — 5,412 1,873 1,887,690 Owner occupied 1,588,662 1,929 — — 1,929 6,678 1,597,269 Real estate construction: One-to-four family residential: Land and acquisition 5,320 325 — — 325 318 5,963 Residential construction 200,484 4,144 — — 4,144 — 204,628 Commercial & multifamily residential: Income property 253,470 — 166 — 166 — 253,636 Owner occupied 90,511 — — — — — 90,511 Consumer 322,085 1,788 284 — 2,072 2,748 326,905 Total $ 8,332,359 $ 20,125 $ 5,565 $ — $ 25,690 $ 60,332 $ 8,418,381 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2017 (in thousands) Commercial business: Secured $ 3,185,321 $ 2,530 $ 2,400 $ — $ 4,930 $ 45,410 $ 3,235,661 Unsecured 123,524 100 501 — 601 50 124,175 Real estate: One-to-four family residential 184,256 1,111 402 — 1,513 785 186,554 Commercial & multifamily residential: Commercial land 292,680 92 — 581 673 2,628 295,981 Income property 1,898,655 2,426 971 — 3,397 4,284 1,906,336 Owner occupied 1,590,004 2,485 468 — 2,953 7,029 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — — — — 25 9,907 Residential construction 187,862 — — — — 1,829 189,691 Commercial & multifamily residential: Income property 293,028 — — — — — 293,028 Owner occupied 72,443 — — — — — 72,443 Consumer 325,928 1,446 702 — 2,148 4,149 332,225 Total $ 8,163,583 $ 10,190 $ 5,444 $ 581 $ 16,215 $ 66,189 $ 8,245,987 The following is an analysis of impaired loans as of September 30, 2018 and December 31, 2017 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid September 30, 2018 (in thousands) Commercial business: Secured $ 3,379,535 $ 40,776 $ 7,402 $ 7,875 $ 1,139 $ 33,374 $ 38,293 Unsecured 118,897 22 — — — 22 21 Real estate: One-to-four family residential 230,915 396 337 606 8 59 256 Commercial & multifamily residential: Commercial land 279,008 2,230 — — — 2,230 2,274 Income property 1,884,936 2,754 110 175 1 2,644 2,789 Owner occupied 1,587,550 9,719 3,274 4,693 71 6,445 6,692 Real estate construction: One-to-four family residential: Land and acquisition 5,963 — — — — — — Residential construction 204,628 — — — — — — Commercial & multifamily residential: Income property 253,636 — — — — — — Owner occupied 86,461 4,050 — — — 4,050 4,050 Consumer 322,162 4,743 3,702 3,953 36 1,041 1,056 Total $ 8,353,691 $ 64,690 $ 14,825 $ 17,302 $ 1,255 $ 49,865 $ 55,431 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2017 (in thousands) Commercial business: Secured $ 3,195,649 $ 40,012 $ 3,808 $ 3,937 $ 1,867 $ 36,204 $ 42,314 Unsecured 124,150 25 25 24 3 — — Real estate: One-to-four family residential 185,659 895 867 1,408 103 28 337 Commercial & multifamily residential: Commercial land 293,694 2,287 — — — 2,287 2,282 Income property 1,901,313 5,023 2,768 3,328 185 2,255 2,601 Owner occupied 1,591,298 8,688 77 80 3 8,611 10,077 Real estate construction: One-to-four family residential: Land and acquisition 9,907 — — — — — — Residential construction 188,481 1,210 — — — 1,210 1,210 Commercial & multifamily residential: Income property 293,028 — — — — — — Owner occupied 68,393 4,050 — — — 4,050 4,050 Consumer 325,210 7,015 5,303 5,568 199 1,712 1,864 Total $ 8,176,782 $ 69,205 $ 12,848 $ 14,345 $ 2,360 $ 56,357 $ 64,735 The following table provides additional information on impaired loans for the three and nine month periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business: Secured $ 43,805 $ 2 $ 22,395 $ 2 $ 43,055 $ 43 $ 15,349 $ 25 Unsecured 444 — — — 234 1 — — Real estate: One-to-four family residential 545 12 856 15 713 30 688 37 Commercial & multifamily residential: Commercial land 2,246 26 2,549 — 2,407 26 2,026 — Income property 2,443 34 4,214 21 3,367 96 4,137 27 Owner occupied 9,349 124 4,530 127 8,986 333 4,496 319 Real estate construction: One-to-four family residential: Land and acquisition — — — — — — 4 — Residential construction — — — — 605 — 84 — Commercial & multifamily residential: Owner occupied 4,050 72 2,025 151 4,050 174 1,012 151 Consumer 5,646 44 6,054 58 6,135 110 5,712 105 Total $ 68,528 $ 314 $ 42,623 $ 374 $ 69,552 $ 813 $ 33,508 $ 664 The following is an analysis of loans classified as troubled debt restructurings (“TDR”) during the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, 2018 Three months ended September 30, 2017 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 1 $ 14,511 $ 14,511 2 $ 808 $ 808 Real estate: One-to-four family residential — — — 2 201 201 Commercial and multifamily residential: Income property — — — 1 1,152 1,152 Owner occupied — — — 1 78 78 Real estate construction: Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 Consumer 3 123 123 17 1,672 1,672 Total 4 $ 14,634 $ 14,634 24 $ 7,961 $ 7,961 Nine months ended September 30, 2018 Nine months ended September 30, 2017 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 9 $ 17,605 $ 17,605 7 $ 2,586 $ 2,586 Real estate: One-to-four family residential — — — 3 583 583 Commercial and multifamily residential: Income property 1 891 891 1 1,152 1,152 Owner occupied — — — 1 78 78 Real estate construction: Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 Consumer 18 2,540 2,540 35 4,033 4,033 Total 28 $ 21,036 $ 21,036 48 $ 12,482 $ 12,482 The Company’s loans classified as TDR are loans that have been modified or the borrower has been granted special concessions due to financial difficulties that, if not for the challenges of the borrower, the Company would not otherwise consider. The TDR modifications or concessions are made to increase the likelihood that these borrowers with financial difficulties will be able to satisfy their debt obligations as amended. The concessions granted in the restructurings summarized in the table above largely consisted of maturity extensions, interest rate modifications or a combination of both. In limited circumstances, a reduction in the principal balance of the loan could also be made as a concession. Credit losses for loans classified as TDR are measured on the same basis as impaired loans. For impaired loans, an allowance is established when the collateral value less selling costs (or discounted cash flows or observable market price) of the impaired loan is lower than the recorded investment of that loan. The Company had commitments to lend $16.2 million of additional funds on loans classified as TDR as of September 30, 2018 . The Company had $506 thousand of such commitments at December 31, 2017 . The Company did not have any loans modified as TDR that defaulted within 12 months of being modified as TDR during the three and nine months ended September 30, 2018 and 2017 . Purchased Credit Impaired Loans Purchased credit impaired (“PCI”) loans are accounted for under ASC 310-30 and initially measured at fair value based on expected future cash flows over the life of the loans. Loans that have common risk characteristics are aggregated into pools. The Company remeasures contractual and expected cash flows, at the pool-level, on a quarterly basis. Contractual cash flows are calculated based upon the loan pool terms after applying a prepayment factor. Calculation of the applied prepayment factor for contractual cash flows is the same as described below for expected cash flows. Inputs to the determination of expected cash flows include cumulative default and prepayment data as well as loss severity and recovery lag information. Cumulative default and prepayment data are calculated via a transition matrix, which utilizes probability values of a loan pool transitioning into a particular delinquency state (e.g. 0-30 days past due, 31 to 60 days, etc.) given its delinquency state at the remeasurement date. Loss severity factors are based upon either actual charge-off data within the loan pools or industry averages, and recovery lags are based upon the collateral within the loan pools. The excess of cash flows expected to be collected over the initial fair value of purchased credit impaired loans is referred to as the accretable yield and is accreted into interest income over the estimated life of the acquired loans using the effective yield method. Other adjustments to the accretable yield include changes in the estimated remaining life of the acquired loans, changes in expected cash flows and changes of indices for acquired loans with variable interest rates. The following is an analysis of our PCI loans, net of related allowance for losses and remaining valuation discounts as of September 30, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 (in thousands) Commercial business $ 11,603 $ 13,753 Real estate: One-to-four family residential 10,243 14,610 Commercial and multifamily residential 70,344 79,211 Total real estate 80,587 93,821 Real estate construction: One-to-four family residential 159 177 Commercial and multifamily residential 552 595 Total real estate construction 711 772 Consumer 9,880 12,412 Subtotal of PCI loans 102,781 120,758 Less: Valuation discount resulting from acquisition accounting 6,845 8,088 Allowance for loan losses 4,017 6,907 PCI loans, net of allowance for loan losses $ 91,919 $ 105,763 The following table shows the changes in accretable yield for PCI loans for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Balance at beginning of period $ 25,350 $ 35,706 $ 31,176 $ 45,191 Accretion (2,233 ) (2,766 ) (6,435 ) (9,830 ) Disposals (221 ) — (387 ) (158 ) Reclassifications from (to) nonaccretable difference 279 (892 ) (1,179 ) (3,155 ) Balance at end of period $ 23,175 $ 32,048 $ 23,175 $ 32,048 |
Allowance for Loan and Lease Lo
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit | 9 Months Ended |
Sep. 30, 2018 | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit Text Block | Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit We record an allowance for loan and lease losses (the “allowance”) to recognize management’s estimate of credit losses incurred in the loan portfolio at each balance sheet date. We have used the same methodology for allowance calculations during the nine months ended September 30, 2018 and 2017 . The following tables show a detailed analysis of the allowance for the three and nine months ended September 30, 2018 and 2017 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three months ended September 30, 2018 (in thousands) Commercial business: Secured $ 40,350 $ (576 ) $ 496 $ 2,912 $ 43,182 $ 1,139 $ 42,043 Unsecured 2,443 (30 ) 51 (41 ) 2,423 — 2,423 Real estate: One-to-four family residential 461 — 21 (110 ) 372 8 364 Commercial & multifamily residential: Commercial land 3,278 — 8 (87 ) 3,199 — 3,199 Income property 4,102 — 202 (292 ) 4,012 1 4,011 Owner occupied 4,356 — 3 316 4,675 71 4,604 Real estate construction: One-to-four family residential: Land and acquisition 848 — 582 (742 ) 688 — 688 Residential construction 4,572 — 1 660 5,233 — 5,233 Commercial & multifamily residential: Income property 7,367 — — 573 7,940 — 7,940 Owner occupied 2,299 — — 138 2,437 — 2,437 Consumer 5,292 (277 ) 266 (258 ) 5,023 36 4,987 Purchased credit impaired 4,782 (1,208 ) 945 (502 ) 4,017 — 4,017 Unallocated — — — 586 586 — 586 Total $ 80,150 $ (2,091 ) $ 2,575 $ 3,153 $ 83,787 $ 1,255 $ 82,532 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine months ended September 30, 2018 (in thousands) Commercial business: Secured $ 29,341 $ (8,741 ) $ 2,536 $ 20,046 $ 43,182 $ 1,139 $ 42,043 Unsecured 2,000 (117 ) 356 184 2,423 — 2,423 Real estate: One-to-four family residential 701 — 389 (718 ) 372 8 364 Commercial & multifamily residential: Commercial land 4,265 — 92 (1,158 ) 3,199 — 3,199 Income property 5,672 (223 ) 901 (2,338 ) 4,012 1 4,011 Owner occupied 5,459 — 19 (803 ) 4,675 71 4,604 Real estate construction: One-to-four family residential: Land and acquisition 963 — 610 (885 ) 688 — 688 Residential construction 3,709 — 6 1,518 5,233 — 5,233 Commercial & multifamily residential: Income property 7,053 — — 887 7,940 — 7,940 Owner occupied 4,413 — — (1,976 ) 2,437 — 2,437 Consumer 5,163 (773 ) 796 (163 ) 5,023 36 4,987 Purchased credit impaired 6,907 (3,786 ) 3,096 (2,200 ) 4,017 — 4,017 Unallocated — — — 586 586 — 586 Total $ 75,646 $ (13,640 ) $ 8,801 $ 12,980 $ 83,787 $ 1,255 $ 82,532 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three months ended September 30, 2017 (in thousands) Commercial business: Secured $ 39,539 $ (1,362 ) $ 550 $ (969 ) $ 37,758 $ — $ 37,758 Unsecured 1,147 — 138 (298 ) 987 — 987 Real estate: One-to-four family residential 628 — 40 3 671 26 645 Commercial & multifamily residential: Commercial land 2,356 — 45 (97 ) 2,304 — 2,304 Income property 6,854 — 9 241 7,104 25 7,079 Owner occupied 6,512 — 4 306 6,822 — 6,822 Real estate construction: One-to-four family residential: Land and acquisition 361 — 14 (83 ) 292 — 292 Residential construction 1,377 — 6 (272 ) 1,111 — 1,111 Commercial & multifamily residential: Income property 985 — — 279 1,264 — 1,264 Owner occupied 1,382 — — (87 ) 1,295 — 1,295 Consumer 3,551 (263 ) 343 42 3,673 51 3,622 Purchased credit impaired 8,061 (1,633 ) 1,389 (473 ) 7,344 — 7,344 Unallocated 231 — — 760 991 — 991 Total $ 72,984 $ (3,258 ) $ 2,538 $ (648 ) $ 71,616 $ 102 $ 71,514 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine months ended September 30, 2017 (in thousands) Commercial business: Secured $ 36,050 $ (6,071 ) $ 3,750 $ 4,029 $ 37,758 $ — $ 37,758 Unsecured 960 (18 ) 247 (202 ) 987 — 987 Real estate: One-to-four family residential 599 (460 ) 380 152 671 26 645 Commercial & multifamily residential: Commercial land 1,797 — 45 462 2,304 — 2,304 Income property 7,342 — 104 (342 ) 7,104 25 7,079 Owner occupied 6,439 — 114 269 6,822 — 6,822 Real estate construction: One-to-four family residential: Land and acquisition 316 (14 ) 61 (71 ) 292 — 292 Residential construction 669 — 46 396 1,111 — 1,111 Commercial & multifamily residential: Income property 404 — — 860 1,264 — 1,264 Owner occupied 1,192 — — 103 1,295 — 1,295 Consumer 3,534 (1,156 ) 876 419 3,673 51 3,622 Purchased credit impaired 10,515 (5,372 ) 3,737 (1,536 ) 7,344 — 7,344 Unallocated 226 — — 765 991 — 991 Total $ 70,043 $ (13,091 ) $ 9,360 $ 5,304 $ 71,616 $ 102 $ 71,514 Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands) Balance at beginning of period $ 3,680 $ 3,555 $ 3,130 $ 2,705 Net changes in the allowance for unfunded commitments and letters of credit 275 (75 ) 825 775 Balance at end of period $ 3,955 $ 3,480 $ 3,955 $ 3,480 Risk Elements The extension of credit in the form of loans or other credit products to individuals and businesses is one of our principal business activities. Our policies and applicable laws and regulations require risk analysis as well as ongoing portfolio and credit management. We manage our credit risk through lending limit constraints, credit review, approval policies and extensive, ongoing internal monitoring. We also manage credit risk through diversification of the loan portfolio by type of loan, type of industry and type of borrower and by limiting the aggregation of debt to a single borrower. Risk ratings are reviewed and updated whenever appropriate, with more periodic reviews as the risk and dollar value of loss on the loan increases. In the event full collection of principal and interest is not reasonably assured, the loan is appropriately downgraded and, if warranted, placed on nonaccrual status even though the loan may be current as to principal and interest payments. Additionally, we assess whether an impairment of a loan warrants specific reserves or a write-down of the loan. Pass rated loans are generally considered to have sufficient sources of repayment in order to repay the loan in full in accordance with all terms and conditions. Special Mention rated loans have potential weaknesses that, if left uncorrected, may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Loans with a risk rating of Substandard or worse are reviewed to assess the ability of our borrowers to service all interest and principal obligations and, as a result, the risk rating may be adjusted accordingly. Loans risk rated as Substandard reflect loans where a loss is possible if loan weaknesses are not corrected. Doubtful rated loans have a high probability of loss; however, the amount of loss has not yet been determined. Loss rated loans are considered uncollectable and when identified, are charged off. The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans, as of September 30, 2018 and December 31, 2017 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2018 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,202,147 $ 83,986 $ 134,178 $ — $ — $ 3,420,311 Unsecured 118,885 33 1 — — 118,919 Real estate: One-to-four family residential 229,704 — 1,607 — — 231,311 Commercial and multifamily residential: Commercial land 272,838 3,423 4,977 — — 281,238 Income property 1,857,338 19,474 10,878 — — 1,887,690 Owner occupied 1,532,093 27,182 37,994 — — 1,597,269 Real estate construction: One-to-four family residential: Land and acquisition 5,645 — 318 — — 5,963 Residential construction 204,628 — — — — 204,628 Commercial and multifamily residential: Income property 253,636 — — — — 253,636 Owner occupied 86,461 — 4,050 — — 90,511 Consumer 322,595 — 4,310 — — 326,905 Total $ 8,085,970 $ 134,098 $ 198,313 $ — $ — 8,418,381 Less: Allowance for loan and lease losses 79,770 Loans, excluding PCI loans, net $ 8,338,611 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,049,031 $ 64,600 $ 122,030 $ — $ — $ 3,235,661 Unsecured 123,621 — 554 — — 124,175 Real estate: One-to-four family residential 183,312 1,186 2,056 — — 186,554 Commercial and multifamily residential: Commercial land 283,673 5,204 7,104 — — 295,981 Income property 1,857,832 17,181 31,323 — — 1,906,336 Owner occupied 1,546,775 7,380 45,831 — — 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — 25 — — 9,907 Residential construction 187,863 — 1,828 — — 189,691 Commercial and multifamily residential: Income property 293,028 — — — — 293,028 Owner occupied 68,393 — 4,050 — — 72,443 Consumer 323,129 — 9,096 — — 332,225 Total $ 7,926,539 $ 95,551 $ 223,897 $ — $ — 8,245,987 Less: Allowance for loan and lease losses 68,739 Loans, excluding PCI loans, net $ 8,177,248 The following is an analysis of the credit quality of our PCI loan portfolio as of September 30, 2018 and December 31, 2017 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2018 (in thousands) PCI loans: Commercial business: Secured $ 9,732 $ — $ 947 $ — $ — $ 10,679 Unsecured 824 — 100 — — 924 Real estate: One-to-four family residential 10,021 — 222 — — 10,243 Commercial and multifamily residential: Commercial land 10,583 — — — — 10,583 Income property 20,444 — 1,898 — — 22,342 Owner occupied 37,042 — 377 — — 37,419 Real estate construction: One-to-four family residential: Land and acquisition 155 — 4 — — 159 Residential construction — — — — — — Commercial and multifamily residential: Income property 552 — — — — 552 Owner occupied — — — — — — Consumer 9,638 — 242 — — 9,880 Total $ 98,991 $ — $ 3,790 $ — $ — 102,781 Less: Valuation discount resulting from acquisition accounting 6,845 Allowance for loan losses 4,017 PCI loans, net $ 91,919 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) PCI loans: Commercial business: Secured $ 11,918 $ — $ 723 $ — $ — $ 12,641 Unsecured 1,045 — 67 — — 1,112 Real estate: One-to-four family residential 13,817 — 793 — — 14,610 Commercial and multifamily residential: Commercial land 9,460 349 — — — 9,809 Income property 25,981 — 35 — — 26,016 Owner occupied 42,617 — 769 — — 43,386 Real estate construction: One-to-four family residential: Land and acquisition 169 — 8 — — 177 Residential construction — — — — — — Commercial and multifamily residential: Income property 595 — — — — 595 Owner occupied — — — — — — Consumer 11,705 — 707 — — 12,412 Total $ 117,307 $ 349 $ 3,102 $ — $ — 120,758 Less: Valuation discount resulting from acquisition accounting 8,088 Allowance for loan losses 6,907 PCI loans, net $ 105,763 |
Other Real Estate Owned
Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Other Real Estate Owned | Other Real Estate Owned (“OREO”) The following tables set forth activity in OREO for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Balance, beginning of period $ 7,080 $ 4,058 $ 13,298 $ 5,998 Transfers in 794 74 1,200 74 Valuation adjustments (495 ) (138 ) (697 ) (364 ) Proceeds from sale of OREO property (47 ) (182 ) (5,868 ) (1,901 ) Loss on sale of OREO, net (1 ) (130 ) (602 ) (125 ) Balance, end of period $ 7,331 $ 3,682 $ 7,331 $ 3,682 At September 30, 2018 , there were $60 thousand in foreclosed residential real estate properties held as OREO and the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $736 thousand . |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | Goodwill and Other Intangible Assets In accordance with the Intangibles – Goodwill and Other topic of the FASB ASC, goodwill is not amortized but is reviewed for potential impairment at the reporting unit level. Management analyzes its goodwill for impairment on an annual basis on July 31 and between annual tests in certain circumstances such as material adverse changes in legal, business, regulatory and economic factors. An impairment loss is recorded to the extent that the carrying amount of goodwill exceeds its implied fair value. The Company performed an annual impairment assessment as of July 31, 2018 and concluded that there was no impairment. The core deposit intangible (“CDI”) is evaluated for impairment if events and circumstances indicate a possible impairment. The CDI is amortized on an accelerated basis over an estimated life of 10 years . The following table sets forth activity for goodwill and other intangible assets for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Goodwill Total goodwill (1) $ 765,842 $ 382,762 $ 765,842 $ 382,762 Other intangible assets, net Core deposit intangible: Gross core deposit intangible balance at beginning of period 105,473 58,598 105,473 58,598 Accumulated amortization at beginning of period (54,495 ) (44,484 ) (48,219 ) (41,886 ) Core deposit intangible, net at beginning of period 50,978 14,114 57,254 16,712 CDI current period amortization (3,070 ) (1,188 ) (9,346 ) (3,786 ) Total core deposit intangible, net at end of period 47,908 12,926 47,908 12,926 Intangible assets not subject to amortization 919 919 919 919 Other intangible assets, net at end of period 48,827 13,845 48,827 13,845 Total goodwill and other intangible assets at end of period $ 814,669 $ 396,607 $ 814,669 $ 396,607 __________ (1) See Note 3, “Business Combinations,” for additional information regarding goodwill and intangible assets recorded related to the acquisition of Pacific Continental on November 1, 2017. The following table provides the estimated future amortization expense of core deposit intangibles for the remaining three months ending December 31, 2018 and the succeeding four years: Amount (in thousands) Year ending December 31, 2018 $ 2,890 2019 10,479 2020 8,724 2021 7,264 2022 5,880 |
Subordinated debentures
Subordinated debentures | 9 Months Ended |
Sep. 30, 2018 | |
Subordinated Borrowing [Line Items] | |
Subordinated Borrowings Disclosure [Text Block] | Subordinated Debentures On November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $35.0 million in aggregate principal amount of fixed-to-floating rate subordinated debentures (the “Notes”). The Notes are callable at par on June 30, 2021, have a stated maturity of June 30, 2026 and bear interest at a fixed annual rate of 5.875% per year, from and including June 27, 2016, but excluding June 30, 2021. From and including June 30, 2021 through the maturity date or early redemption date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR plus 471.5 basis points. |
Junior subordinated debt
Junior subordinated debt | 9 Months Ended |
Sep. 30, 2018 | |
Junior subordinated debt [Abstract] | |
Junior subordinated debentures [Text Block] | Junior Subordinated Debentures On November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $14.4 million of trust preferred obligations. The Company redeemed $6.2 million of these obligations during 2017. The remaining $8.2 million of obligations were redeemed in January 2018. |
Derivatives and Balance Sheet O
Derivatives and Balance Sheet Offsetting | 9 Months Ended |
Sep. 30, 2018 | |
General Discussion of Derivative Instruments and Hedging Activities [Abstract] | |
Derivatives and Hedging Activities | Derivatives and Balance Sheet Offsetting The Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rates. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Company then enters into a corresponding swap agreement with a third-party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the instruments are marked to market in earnings. The notional amount of open interest rate swap agreements at September 30, 2018 and December 31, 2017 was $368.1 million and $384.7 million , respectively. During the three and nine months ended September 30, 2018 , mark-to-market gain s of $1 thousand and $9 thousand , respectively, were recorded to “Other” noninterest expense. During the three and nine months ended September 30, 2017 , mark-to-market gain s of $6 thousand and $12 thousand , respectively, were recorded to “Other” noninterest expense. The following table presents the fair value of derivatives not designated as hedging instruments at September 30, 2018 and December 31, 2017 : Asset Derivatives Liability Derivatives September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Interest rate contracts Other assets $ 10,479 Other assets $ 6,707 Other liabilities $ 10,478 Other liabilities $ 6,714 The Company is party to interest rate contracts and repurchase agreements that are subject to enforceable master netting arrangements or similar agreements. Under these agreements, the Company may have the right to net settle multiple contracts with the same counterparty. The following tables show the gross interest rate swap agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments, which are generally marketable securities. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown. Gross Amounts of Recognized Assets/Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Collateral Posted Net Amount September 30, 2018 (in thousands) Assets Interest rate contracts $ 10,479 $ — $ 10,479 $ — $ 10,479 Liabilities Interest rate contracts $ 10,478 $ — $ 10,478 $ (9,595 ) $ 883 Repurchase agreements $ 62,197 $ — $ 62,197 $ (62,197 ) $ — December 31, 2017 Assets Interest rate contracts $ 6,707 $ — $ 6,707 $ — $ 6,707 Liabilities Interest rate contracts $ 6,714 $ — $ 6,714 $ (6,714 ) $ — Repurchase agreements $ 79,059 $ — $ 79,059 $ (79,059 ) $ — The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements: Remaining contractual maturity of the agreements Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total September 30, 2018 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 62,197 $ — $ — $ — $ 62,197 Gross amount of recognized liabilities for repurchase agreements 62,197 Amounts related to agreements not included in offsetting disclosure $ — The collateral utilized for the Company’s repurchase agreements is subject to market fluctuations as well as prepayments of principal. The Company monitors the risk of the fair value of its pledged collateral falling below acceptable amounts based on the type of the underlying repurchase agreement. The pledged collateral related to the Company’s $62.2 million sweep repurchase agreements, which mature on an overnight basis, is monitored on a daily basis as the underlying sweep accounts can have frequent transaction activity and the amount of pledged collateral is adjusted as necessary. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Commitments and Contingent Liabilities Lease Commitments: The Company’s lease commitments consist primarily of leased locations under various non-cancellable operating leases that expire between 2018 and 2043 . The majority of the leases contain renewal options and provisions for increases in rental rates based on an agreed upon index or predetermined escalation schedule. Financial Instruments with Off-Balance Sheet Risk: In the normal course of business, the Company makes loan commitments (typically unfunded loans and unused lines of credit) and issues standby letters of credit to accommodate the financial needs of its customers. At September 30, 2018 and December 31, 2017 , the Company’s loan commitments amounted to $2.50 billion and $2.62 billion , respectively. Standby letters of credit commit the Company to make payments on behalf of customers under specified conditions. Historically, no significant losses have been incurred by the Company under standby letters of credit. Both arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including collateral requirements, where appropriate. Standby letters of credit were $41.8 million and $51.3 million at September 30, 2018 and December 31, 2017 , respectively. In addition, commitments under commercial letters of credit used to facilitate customers’ trade transactions and other off-balance sheet liabilities amounted to $104 thousand and $159 thousand at September 30, 2018 and December 31, 2017 , respectively. Legal Proceedings: The Company and its subsidiaries are from time to time defendants in and are threatened with various legal proceedings arising from their regular business activities. Management, after consulting with legal counsel, is of the opinion that the ultimate liability, if any, resulting from these pending or threatened actions and proceedings will not have a material effect on the financial statements of the Company. |
Shareholders' Equity
Shareholders' Equity | 9 Months Ended |
Sep. 30, 2018 | |
Stockholders' Equity Note [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Dividends: On January 25, 2018 , the Company declared a regular quarterly cash dividend of $0.22 per common share payable on February 21, 2018 to shareholders of record at the close of business on February 7, 2018 . On April 25, 2018 , the Company declared a regular quarterly cash dividend of $0.26 per common share payable on May 23, 2018 to shareholders of record at the close of business on May 9, 2018 . On July 25, 2018 , the Company declared a regular quarterly cash dividend of $0.26 per common share payable on August 22, 2018 to shareholders of record at the close of business on August 8, 2018 . Subsequent to quarter end, on October 25, 2018 , the Company declared a regular quarterly cash dividend of $0.26 per common share and a special cash dividend of $0.14 per common share payable on November 21, 2018 to shareholders of record at the close of business on November 7, 2018 . The payment of cash dividends is subject to federal regulatory requirements for capital levels and other restrictions. In addition, the cash dividends paid by Columbia Bank to the Company are subject to both federal and state regulatory requirements. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Loss The following table shows changes in accumulated other comprehensive income (loss) by component for the three and nine month periods ended September 30, 2018 and 2017 : Unrealized Gains and Losses on Available-for-Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Total (1) Three months ended September 30, 2018 (in thousands) Beginning balance $ (53,597 ) $ (2,324 ) $ (55,921 ) Other comprehensive loss before reclassifications (14,149 ) — (14,149 ) Amounts reclassified from accumulated other comprehensive loss — 61 61 Net current-period other comprehensive income (loss) (14,149 ) 61 (14,088 ) Ending balance $ (67,746 ) $ (2,263 ) $ (70,009 ) Three months ended September 30, 2017 Beginning balance $ (4,969 ) $ (1,559 ) $ (6,528 ) Other comprehensive income before reclassifications 549 — 549 Amounts reclassified from accumulated other comprehensive loss — 46 46 Net current-period other comprehensive income 549 46 595 Ending balance $ (4,420 ) $ (1,513 ) $ (5,933 ) Nine months ended September 30, 2018 Beginning balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Adjustment pursuant to adoption of ASU 2016-01 157 — 157 Other comprehensive loss before reclassifications (48,043 ) — (48,043 ) Amounts reclassified from accumulated other comprehensive loss (81 ) 183 102 Net current-period other comprehensive income (loss) (48,124 ) 183 (47,941 ) Ending balance $ (67,746 ) $ (2,263 ) $ (70,009 ) Nine months ended September 30, 2017 Beginning balance $ (12,704 ) $ (6,295 ) $ (18,999 ) Other comprehensive income before reclassifications 8,284 4,604 12,888 Amounts reclassified from accumulated other comprehensive loss — 178 178 Net current-period other comprehensive income 8,284 4,782 13,066 Ending balance $ (4,420 ) $ (1,513 ) $ (5,933 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2018 and 2017 : Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, Affected line Item in the Consolidated 2018 2017 2018 2017 Statement of Income (in thousands) Unrealized gains and losses on available-for-sale debt securities Investment securities gains, net $ — $ — $ 106 $ — Investment securities losses, net — — 106 — Total before tax — — (25 ) — Income tax provision $ — $ — $ 81 $ — Net of tax Amortization of pension plan liability Actuarial losses $ (80 ) $ (72 ) $ (239 ) $ (279 ) Compensation and employee benefits (80 ) (72 ) (239 ) (279 ) Total before tax 19 26 56 101 Income tax benefit $ (61 ) $ (46 ) $ (183 ) $ (178 ) Net of tax |
Fair Value Accounting and Measu
Fair Value Accounting and Measurement | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Accounting and Measurement | Fair Value Accounting and Measurement The Fair Value Measurements and Disclosures topic of the FASB ASC defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements about fair value. We hold fixed and variable rate interest-bearing securities, investments in marketable equity securities and certain other financial instruments, which are carried at fair value. Fair value is determined based upon quoted prices when available or through the use of alternative approaches, such as matrix or model pricing, when market quotes are not readily accessible or available. The valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our own market assumptions. These two types of inputs create the following fair value hierarchy: Level 1 – Quoted prices for identical instruments in active markets that are accessible at the measurement date. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. Fair values are determined as follows: Securities at fair value are priced using a combination of market activity, industry recognized information sources, yield curves, discounted cash flow models and other factors. These fair value calculations are considered a Level 2 input method under the provisions of the Fair Value Measurements and Disclosures topic of the FASB ASC for all securities other than U.S. Treasury Notes and equity securities, which are considered a Level 1 input method. Interest rate contract positions are valued in models, which use as their basis, readily observable market parameters and are classified within Level 2 of the valuation hierarchy. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2018 and December 31, 2017 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: Fair value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 September 30, 2018 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,928,832 $ — $ 1,928,832 $ — State and municipal debt securities 567,818 — 567,818 — U.S. government agency and government-sponsored enterprise securities 424,217 — 424,217 — U.S. government securities 247 247 — — Total debt securities available for sale $ 2,921,114 $ 247 $ 2,920,867 $ — Equity securities $ 4,901 $ 4,901 $ — $ — Other assets (Interest rate contracts) $ 10,479 $ — $ 10,479 $ — Liabilities Other liabilities (Interest rate contracts) $ 10,478 $ — $ 10,478 $ — Fair value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 December 31, 2017 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,726,725 $ — $ 1,726,725 $ — State and municipal debt securities 596,004 — 596,004 — U.S. government agency and government-sponsored enterprise securities 414,774 — 414,774 — U.S. government securities 248 248 — — Total debt securities available for sale $ 2,737,751 $ 248 $ 2,737,503 $ — Equity securities $ 5,080 $ 5,080 $ — $ — Other assets (Interest rate contracts) $ 6,707 $ — $ 6,707 $ — Liabilities Other liabilities (Interest rate contracts) $ 6,714 $ — $ 6,714 $ — There were no transfers between Level 1 and Level 2 of the valuation hierarchy during the nine month periods ended September 30, 2018 and 2017 . The Company recognizes transfers between levels of the valuation hierarchy based on the valuation level at the end of the reporting period. Nonrecurring Measurements Certain assets and liabilities are measured at fair value on a nonrecurring basis after initial recognition such as loans measured for impairment and OREO. The following methods were used to estimate the fair value of each such class of financial instrument: Impaired loans —A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, a loan’s observable market price, or the fair market value of the collateral less estimated costs to sell if the loan is a collateral-dependent loan. The impairment evaluations are performed in conjunction with the allowance process on a quarterly basis by officers in the Special Credits group, which reports to the Chief Credit Officer. The Real Estate Appraisal Services Department (“REASD”), which also reports to the Chief Credit Officer, is responsible for obtaining appraisals from third-parties or performing internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy and reasonableness. Other real estate owned —OREO is real property that the Bank has taken ownership of in partial or full satisfaction of a loan or loans. OREO is generally measured based on the property’s fair market value as indicated by an appraisal or a letter of intent to purchase. OREO is initially recorded at the fair value less estimated costs to sell. This amount becomes the property’s new basis. Any fair value adjustments based on the property’s fair value less estimated costs to sell at the date of acquisition are charged to the allowance, or in the event of a write-up without previous losses charged to the allowance, a credit to earnings is recorded. Management periodically reviews OREO in an effort to ensure the property is recorded at its fair value, net of estimated costs to sell. Any fair value adjustments subsequent to acquisition are charged or credited to earnings. The initial and subsequent evaluations are performed by officers in the Special Credits group, which reports to the Chief Credit Officer. The REASD obtains appraisals from third-parties for OREO and performs internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy and reasonableness. The following tables set forth information related to the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the current and prior year quarterly periods: Fair value at Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended Losses During the Nine Months Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 14,616 $ — $ — $ 14,616 $ 1,208 $ 1,208 OREO 1,240 — — 1,240 445 445 $ 15,856 $ — $ — $ 15,856 $ 1,653 $ 1,653 Fair value at September 30, 2017 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended Losses During the Nine Months Ended September 30, 2017 Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 843 $ — $ — $ 843 $ 170 $ 170 OREO 625 — — 625 138 138 $ 1,468 $ — $ — $ 1,468 $ 308 $ 308 The losses on impaired loans disclosed above represent the amount of the specific reserve and/or charge-offs during the period applicable to loans held at period end. The amount of the specific reserve is included in the allowance for loan and lease losses. The losses on OREO disclosed above represent the write-downs taken at foreclosure that were charged to the allowance for loan and lease losses, as well as subsequent changes in any valuation allowances from updated appraisals that were recorded to earnings. Quantitative information about Level 3 fair value measurements The range and weighted-average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets, along with the valuation techniques used, are shown in the following table: Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 14,616 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 54.51% (6.66%) OREO $ 1,240 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) (1) Discount applied to appraisal value or stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values. (3) Collateral consists of accounts receivable, fixed assets, inventory, cash, real estate and state guarantee. Fair value at September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 715 Fair Market Value of Collateral Adjustment to Stated Value N/A (2) Impaired loans - other (4) $ 128 Discounted Cash Flow Discount Rate 7.75% OREO $ 625 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) (1) Discount rate used in discounted cash flow valuation. (2) Quantitative disclosures are not provided for collateral-dependent impaired loans and OREO because there were no adjustments made to the appraisal values or stated values during the current period. (3) Collateral consists of government agency guarantee. (4) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided. The following tables summarize carrying amounts and estimated fair values of selected financial instruments by level within the fair value hierarchy at September 30, 2018 and December 31, 2017 : September 30, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 220,706 $ 220,706 $ 220,706 $ — $ — Interest-earning deposits with banks 21,456 21,456 21,456 — — Debt securities available for sale 2,921,114 2,921,114 247 2,920,867 — Equity securities 4,901 4,901 4,901 — — FHLB stock 16,640 16,640 — 16,640 — Loans held for sale 5,275 5,275 — 5,275 — Loans 8,430,530 8,425,433 — — 8,425,433 Interest rate contracts 10,479 10,479 — 10,479 — Liabilities Time deposits $ 431,496 $ 423,165 $ — $ 423,165 $ — FHLB advances 166,536 166,999 — 166,999 — Repurchase agreements 62,197 62,197 — 62,197 — Subordinated debentures 35,508 35,001 — 35,001 — Interest rate contracts 10,478 10,478 — 10,478 — December 31, 2017 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 244,615 $ 244,615 $ 244,615 $ — $ — Interest-earning deposits with banks 97,918 97,918 97,918 — — Debt securities available for sale 2,737,751 2,737,751 248 2,737,503 — Equity securities 5,080 5,080 5,080 — — FHLB stock 10,440 10,440 — 10,440 — Loans held for sale 5,766 5,766 — 5,766 — Loans 8,283,011 8,055,817 — — 8,055,817 Interest rate contracts 6,707 6,707 — 6,707 — Liabilities Time deposits $ 491,045 $ 483,095 $ — $ 483,095 $ — FHLB advances 11,579 12,281 — 12,281 — Repurchase agreements 79,059 79,070 — 79,070 — Subordinated debentures 35,647 35,895 — 35,895 — Junior subordinated debentures 8,248 8,248 — 8,248 — Interest rate contracts 6,714 6,714 — 6,714 — |
Earnings per Common Share
Earnings per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | Earnings per Common Share The Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company issues restricted shares under share-based compensation plans and preferred shares which qualify as participating securities. The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands except per share) Basic EPS: Net income $ 46,415 $ 40,769 $ 128,134 $ 97,100 Less: Earnings allocated to participating securities: Preferred shares — — — 4 Nonvested restricted shares 504 558 1,413 1,325 Earnings allocated to common shareholders $ 45,911 $ 40,211 $ 126,721 $ 95,771 Weighted average common shares outstanding 72,427 57,566 72,370 57,459 Basic earnings per common share $ 0.63 $ 0.70 $ 1.75 $ 1.67 Diluted EPS: Earnings allocated to common shareholders $ 45,911 $ 40,211 $ 126,721 $ 95,771 Weighted average common shares outstanding 72,427 57,566 72,370 57,459 Dilutive effect of equity awards 5 5 4 6 Weighted average diluted common shares outstanding 72,432 57,571 72,374 57,465 Diluted earnings per common share $ 0.63 $ 0.70 $ 1.75 $ 1.67 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive — 12 5 13 |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contract with Customer [Text Block] | Revenue from Contracts with Customers Revenue in the scope of Topic 606, Revenue from Contracts with Customers is measured based on the consideration specified in the contract with a customer and excludes amounts collected on behalf of third parties. The vast majority of the Company’s revenue is specifically outside the scope of Topic 606. For in-scope revenue, the following is a description of principal activities, separated by the timing of revenue recognition from which the Company generates its revenue from contracts with customers. a. Revenue earned at a point in time - Examples of revenue earned at a point in time are ATM transaction fees, wire transfer fees, overdraft fees, interchange fees and foreign exchange transaction fees. Revenue is primarily based on the number and type of transactions and is generally derived from transactional information accumulated by our systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer’s transaction. The Company is the principal in each of these contracts, with the exception of interchange fees, in which case we are acting as the agent and record revenue net of expenses paid to the principal. b. Revenue earned over time - The Company earns revenue from contracts with customers in a variety of ways where the revenue is earned over a period of time - generally monthly. Examples of this type of revenue are deposit account maintenance fees, investment advisory fees, merchant revenue and safe deposit box fees. Revenue is generally derived from transactional information accumulated by our systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. The Company recognizes revenue from contracts with customers when it satisfies its performance obligations. The Company’s performance obligations are typically satisfied as services are rendered and our contracts generally do not include multiple performance obligations. As a result, there are no contract balances as payments and services are rendered simultaneously. Payment is generally collected at the time services are rendered, monthly or quarterly. Unsatisfied performance obligations at the report date are not material to our consolidated financial statements. In certain cases, other parties are involved with providing products and services to our customers. If the Company is principal in the transaction (providing goods or services itself), revenues are reported based on the gross consideration received from the customer and any related expenses are reported gross in noninterest expense. If the Company is an agent in the transaction (arranging for another party to provide goods or services), the Company reports its net fee or commission retained as revenue. Rebates, waivers and reversals are recorded as a reduction of the transaction price either when the revenue is recognized by the Company or at the time the rebate, waiver or reversal is earned by the customer. Practical expedients The Company applies the practical expedient in paragraph 606-10-32-18 and does not adjust the consideration from customers for the effects of a significant financing component if at contract inception the period between when the entity transfers the goods or services and when the customer pays for that good or service will be one year or less. The Company pays sales commissions to its employees in accordance with certain incentive plans and in connection with obtaining certain contracts with customers. The Company applies the practical expedient in paragraph 340-40-25-4 and expenses such sales commissions when incurred if the amortization period of the asset the Company otherwise would have recognized is one year or less. Sales commissions are included in compensation and employee benefits expense. For the Company’s contracts that have an original expected duration of one year or less, the Company uses the practical expedient in paragraph 606-10-50-14 and has not disclosed the amount of the transaction price allocated to unsatisfied performance obligations as of the end of each reporting period or when the Company expects to recognize this revenue. Disaggregation of revenue The following table shows the disaggregation of revenue from contracts with customers for the three and nine month periods ended September 30, 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2018 (dollars in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 9,266 $ 26,689 Card revenue 3,714 16,143 Financial services and trust revenue 2,975 8,924 Total revenue from contracts with customers 15,955 51,756 Other sources of noninterest income 5,064 16,098 Total noninterest income $ 21,019 $ 67,854 |
Business Combinations (Tables)
Business Combinations (Tables) - Pacific Continental [Member] | 9 Months Ended |
Sep. 30, 2018 | |
Business Acquisition [Line Items] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The table below summarizes the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: November 1, 2017 (in thousands) Merger consideration $ 637,103 Identifiable net assets acquired, at fair value Assets acquired Cash and cash equivalents $ 81,190 Investment securities 449,291 Federal Home Loan Bank stock 7,084 Loans 1,873,987 Interest receivable 7,827 Premises and equipment 27,343 Other real estate owned 10,279 Core deposit intangible 46,875 Other assets 50,638 Total assets acquired 2,554,514 Liabilities assumed Deposits (2,118,982 ) Federal Home Loan Bank advances (101,127 ) Subordinated debentures (35,678 ) Junior subordinated debentures (14,434 ) Securities sold under agreements to repurchase (1,617 ) Other liabilities (28,653 ) Total liabilities assumed (2,300,491 ) Total fair value of identifiable net assets 254,023 Goodwill $ 383,080 |
Business Acquisition, Pro Forma Information [Table Text Block] | For illustrative purposes only, the following table presents certain unaudited pro forma information for the nine months ended September 30, 2017 . This unaudited, estimated pro forma financial information was calculated as if Pacific Continental had been acquired as of the beginning of the year prior to the date of acquisition. This unaudited pro forma information combines the historical results of Pacific Continental with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred as of the beginning of the year prior to the acquisition. In particular, no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of the beginning of the year prior to the date of acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value. Additionally, Columbia expects to achieve further operating cost savings and other business synergies, including revenue growth as a result of the acquisition, which are not reflected in the pro forma amounts that follow. As a result, actual amounts would have differed from the unaudited pro forma information presented. Unaudited Pro Forma Nine Months Ended September 30, 2017 (in thousands except per share) Total revenues (net interest income plus noninterest income) $ 432,060 Net income $ 122,410 Earnings per share - basic $ 1.70 Earnings per share - diluted $ 1.70 |
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | The following table shows the impact of the acquisition-related expenses related to the acquisition of Pacific Continental for the periods indicated to the various components of noninterest expense: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Noninterest Expense Compensation and employee benefits $ 923 $ 3 $ 3,410 $ 3 Occupancy 29 593 1,619 945 Advertising and promotion — 184 534 201 Data processing 20 66 941 539 Legal and professional fees 102 157 893 1,587 Taxes, licenses and fees — — — 3 Other 7 168 771 280 Total impact of acquisition-related costs to noninterest expense $ 1,081 $ 1,171 $ 8,168 $ 3,558 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities Available for Sale | The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale: Amortized Gross Gross Fair Value September 30, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,997,736 $ 295 $ (69,199 ) $ 1,928,832 State and municipal securities 578,132 1,927 (12,241 ) 567,818 U.S. government agency and government-sponsored enterprise securities 433,267 37 (9,087 ) 424,217 U.S. government securities 251 — (4 ) 247 Total $ 3,009,386 $ 2,259 $ (90,531 ) $ 2,921,114 December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,752,236 $ 1,815 $ (27,326 ) $ 1,726,725 State and municipal securities 593,940 6,023 (3,959 ) 596,004 U.S. government agency and government-sponsored enterprise securities 416,894 642 (2,762 ) 414,774 U.S. government securities 251 — (3 ) 248 Total $ 2,763,321 $ 8,480 $ (34,050 ) $ 2,737,751 |
Schedule of gross realized gains and losses on sales and calls of securities available for sale | The following table provides the proceeds and both gross realized gains and losses on sales of debt securities available for sale as well as other securities gains and losses for the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands) Proceeds from sales of debt securities available for sale $ — $ — $ 32,330 $ — Gross realized gains from sales of debt securities available for sale $ — $ — $ 235 $ — Gross realized losses from sales of debt securities available for sale — — (129 ) — Other securities losses, net (1) (62 ) — (179 ) — Investment securities losses, net $ (62 ) $ — $ (73 ) $ — __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities. There were no sales of equity securities during the periods presented. |
Schedule of Contractual Maturities of Investment Securities Available for Sale | The scheduled contractual maturities of debt securities available for sale at September 30, 2018 are presented as follows: September 30, 2018 Amortized Cost Fair Value (in thousands) Due within one year $ 126,071 $ 126,253 Due after one year through five years 612,279 598,770 Due after five years through ten years 1,144,161 1,113,290 Due after ten years 1,126,875 1,082,801 Total debt securities available for sale $ 3,009,386 $ 2,921,114 |
Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: September 30, 2018 (in thousands) Washington and Oregon State to secure public deposits $ 256,078 Federal Reserve Bank to secure borrowings 51,843 Other securities pledged 119,981 Total securities pledged as collateral $ 427,902 |
Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses | The following table shows the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2018 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 1,084,529 $ (26,966 ) $ 834,985 $ (42,233 ) $ 1,919,514 $ (69,199 ) State and municipal securities 333,523 (6,833 ) 96,018 (5,408 ) 429,541 (12,241 ) U.S. government agency and government-sponsored enterprise securities 300,519 (6,269 ) 120,102 (2,818 ) 420,621 (9,087 ) U.S. government securities — — 247 (4 ) 247 (4 ) Total $ 1,718,571 $ (40,068 ) $ 1,051,352 $ (50,463 ) $ 2,769,923 $ (90,531 ) December 31, 2017 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 816,678 $ (6,710 ) $ 717,211 $ (20,616 ) $ 1,533,889 $ (27,326 ) State and municipal securities 220,019 (1,723 ) 75,172 (2,236 ) 295,191 (3,959 ) U.S. government agency and government-sponsored enterprise securities 184,046 (1,006 ) 155,983 (1,756 ) 340,029 (2,762 ) U.S. government securities 249 (3 ) — — 249 (3 ) Total $ 1,220,992 $ (9,442 ) $ 948,366 $ (24,608 ) $ 2,169,358 $ (34,050 ) |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of the loan portfolio by segment (net of unearned income): September 30, 2018 December 31, 2017 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,554,147 $ 11,164 $ 3,565,311 $ 3,377,324 $ 12,628 $ 3,389,952 Real estate: One-to-four family residential 232,924 8,356 241,280 188,396 12,395 200,791 Commercial and multifamily residential 3,786,615 66,748 3,853,363 3,825,739 75,594 3,901,333 Total real estate 4,019,539 75,104 4,094,643 4,014,135 87,989 4,102,124 Real estate construction: One-to-four family residential 211,629 159 211,788 200,518 177 200,695 Commercial and multifamily residential 349,328 579 349,907 371,931 607 372,538 Total real estate construction 560,957 738 561,695 572,449 784 573,233 Consumer 327,863 8,930 336,793 334,190 11,269 345,459 Less: Net unearned income (44,125 ) — (44,125 ) (52,111 ) — (52,111 ) Total loans, net of unearned income 8,418,381 95,936 8,514,317 8,245,987 112,670 8,358,657 Less: Allowance for loan and lease losses (79,770 ) (4,017 ) (83,787 ) (68,739 ) (6,907 ) (75,646 ) Total loans, net $ 8,338,611 $ 91,919 $ 8,430,530 $ 8,177,248 $ 105,763 $ 8,283,011 Loans held for sale $ 5,275 $ — $ 5,275 $ 5,766 $ — $ 5,766 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of Nonaccrual Loans | The following is an analysis of nonaccrual loans as of September 30, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 45,753 $ 57,049 $ 45,410 $ 56,865 Unsecured — — 50 49 Real estate: One-to-four family residential 501 508 785 1,182 Commercial & multifamily residential: Commercial land 2,461 2,470 2,628 2,623 Income property 1,873 2,523 4,284 5,410 Owner occupied 6,678 6,992 7,029 7,270 Real estate construction: One-to-four family residential: Land and acquisition 318 318 25 26 Residential construction — — 1,829 1,828 Consumer 2,748 2,937 4,149 4,633 Total $ 60,332 $ 72,797 $ 66,189 $ 79,886 |
Analysis of the Aged Loan Portfolio | The following is an aging of the recorded investment of the loan portfolio as of September 30, 2018 and December 31, 2017 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans September 30, 2018 (in thousands) Commercial business: Secured $ 3,365,159 $ 7,141 $ 2,258 $ — $ 9,399 $ 45,753 $ 3,420,311 Unsecured 117,801 1,118 — — 1,118 — 118,919 Real estate: One-to-four family residential 229,685 341 784 — 1,125 501 231,311 Commercial & multifamily residential: Commercial land 278,777 — — — — 2,461 281,238 Income property 1,880,405 3,339 2,073 — 5,412 1,873 1,887,690 Owner occupied 1,588,662 1,929 — — 1,929 6,678 1,597,269 Real estate construction: One-to-four family residential: Land and acquisition 5,320 325 — — 325 318 5,963 Residential construction 200,484 4,144 — — 4,144 — 204,628 Commercial & multifamily residential: Income property 253,470 — 166 — 166 — 253,636 Owner occupied 90,511 — — — — — 90,511 Consumer 322,085 1,788 284 — 2,072 2,748 326,905 Total $ 8,332,359 $ 20,125 $ 5,565 $ — $ 25,690 $ 60,332 $ 8,418,381 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2017 (in thousands) Commercial business: Secured $ 3,185,321 $ 2,530 $ 2,400 $ — $ 4,930 $ 45,410 $ 3,235,661 Unsecured 123,524 100 501 — 601 50 124,175 Real estate: One-to-four family residential 184,256 1,111 402 — 1,513 785 186,554 Commercial & multifamily residential: Commercial land 292,680 92 — 581 673 2,628 295,981 Income property 1,898,655 2,426 971 — 3,397 4,284 1,906,336 Owner occupied 1,590,004 2,485 468 — 2,953 7,029 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — — — — 25 9,907 Residential construction 187,862 — — — — 1,829 189,691 Commercial & multifamily residential: Income property 293,028 — — — — — 293,028 Owner occupied 72,443 — — — — — 72,443 Consumer 325,928 1,446 702 — 2,148 4,149 332,225 Total $ 8,163,583 $ 10,190 $ 5,444 $ 581 $ 16,215 $ 66,189 $ 8,245,987 |
Impaired Financing Receivables | The following is an analysis of impaired loans as of September 30, 2018 and December 31, 2017 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid September 30, 2018 (in thousands) Commercial business: Secured $ 3,379,535 $ 40,776 $ 7,402 $ 7,875 $ 1,139 $ 33,374 $ 38,293 Unsecured 118,897 22 — — — 22 21 Real estate: One-to-four family residential 230,915 396 337 606 8 59 256 Commercial & multifamily residential: Commercial land 279,008 2,230 — — — 2,230 2,274 Income property 1,884,936 2,754 110 175 1 2,644 2,789 Owner occupied 1,587,550 9,719 3,274 4,693 71 6,445 6,692 Real estate construction: One-to-four family residential: Land and acquisition 5,963 — — — — — — Residential construction 204,628 — — — — — — Commercial & multifamily residential: Income property 253,636 — — — — — — Owner occupied 86,461 4,050 — — — 4,050 4,050 Consumer 322,162 4,743 3,702 3,953 36 1,041 1,056 Total $ 8,353,691 $ 64,690 $ 14,825 $ 17,302 $ 1,255 $ 49,865 $ 55,431 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2017 (in thousands) Commercial business: Secured $ 3,195,649 $ 40,012 $ 3,808 $ 3,937 $ 1,867 $ 36,204 $ 42,314 Unsecured 124,150 25 25 24 3 — — Real estate: One-to-four family residential 185,659 895 867 1,408 103 28 337 Commercial & multifamily residential: Commercial land 293,694 2,287 — — — 2,287 2,282 Income property 1,901,313 5,023 2,768 3,328 185 2,255 2,601 Owner occupied 1,591,298 8,688 77 80 3 8,611 10,077 Real estate construction: One-to-four family residential: Land and acquisition 9,907 — — — — — — Residential construction 188,481 1,210 — — — 1,210 1,210 Commercial & multifamily residential: Income property 293,028 — — — — — — Owner occupied 68,393 4,050 — — — 4,050 4,050 Consumer 325,210 7,015 5,303 5,568 199 1,712 1,864 Total $ 8,176,782 $ 69,205 $ 12,848 $ 14,345 $ 2,360 $ 56,357 $ 64,735 The following table provides additional information on impaired loans for the three and nine month periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business: Secured $ 43,805 $ 2 $ 22,395 $ 2 $ 43,055 $ 43 $ 15,349 $ 25 Unsecured 444 — — — 234 1 — — Real estate: One-to-four family residential 545 12 856 15 713 30 688 37 Commercial & multifamily residential: Commercial land 2,246 26 2,549 — 2,407 26 2,026 — Income property 2,443 34 4,214 21 3,367 96 4,137 27 Owner occupied 9,349 124 4,530 127 8,986 333 4,496 319 Real estate construction: One-to-four family residential: Land and acquisition — — — — — — 4 — Residential construction — — — — 605 — 84 — Commercial & multifamily residential: Owner occupied 4,050 72 2,025 151 4,050 174 1,012 151 Consumer 5,646 44 6,054 58 6,135 110 5,712 105 Total $ 68,528 $ 314 $ 42,623 $ 374 $ 69,552 $ 813 $ 33,508 $ 664 |
Analysis of loans classified as Troubled Debt Restructurings (“TDR”) | The following is an analysis of loans classified as troubled debt restructurings (“TDR”) during the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, 2018 Three months ended September 30, 2017 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 1 $ 14,511 $ 14,511 2 $ 808 $ 808 Real estate: One-to-four family residential — — — 2 201 201 Commercial and multifamily residential: Income property — — — 1 1,152 1,152 Owner occupied — — — 1 78 78 Real estate construction: Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 Consumer 3 123 123 17 1,672 1,672 Total 4 $ 14,634 $ 14,634 24 $ 7,961 $ 7,961 Nine months ended September 30, 2018 Nine months ended September 30, 2017 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 9 $ 17,605 $ 17,605 7 $ 2,586 $ 2,586 Real estate: One-to-four family residential — — — 3 583 583 Commercial and multifamily residential: Income property 1 891 891 1 1,152 1,152 Owner occupied — — — 1 78 78 Real estate construction: Commercial and multifamily residential: Owner occupied — — — 1 4,050 4,050 Consumer 18 2,540 2,540 35 4,033 4,033 Total 28 $ 21,036 $ 21,036 48 $ 12,482 $ 12,482 |
Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of our PCI loans, net of related allowance for losses and remaining valuation discounts as of September 30, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 (in thousands) Commercial business $ 11,603 $ 13,753 Real estate: One-to-four family residential 10,243 14,610 Commercial and multifamily residential 70,344 79,211 Total real estate 80,587 93,821 Real estate construction: One-to-four family residential 159 177 Commercial and multifamily residential 552 595 Total real estate construction 711 772 Consumer 9,880 12,412 Subtotal of PCI loans 102,781 120,758 Less: Valuation discount resulting from acquisition accounting 6,845 8,088 Allowance for loan losses 4,017 6,907 PCI loans, net of allowance for loan losses $ 91,919 $ 105,763 |
Changes in Accretable Yield for Acquired Loans | The following table shows the changes in accretable yield for PCI loans for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Balance at beginning of period $ 25,350 $ 35,706 $ 31,176 $ 45,191 Accretion (2,233 ) (2,766 ) (6,435 ) (9,830 ) Disposals (221 ) — (387 ) (158 ) Reclassifications from (to) nonaccretable difference 279 (892 ) (1,179 ) (3,155 ) Balance at end of period $ 23,175 $ 32,048 $ 23,175 $ 32,048 |
Allowance for Loan and Lease _2
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Allowance for Credit Losses on Financing Receivables | The following tables show a detailed analysis of the allowance for the three and nine months ended September 30, 2018 and 2017 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three months ended September 30, 2018 (in thousands) Commercial business: Secured $ 40,350 $ (576 ) $ 496 $ 2,912 $ 43,182 $ 1,139 $ 42,043 Unsecured 2,443 (30 ) 51 (41 ) 2,423 — 2,423 Real estate: One-to-four family residential 461 — 21 (110 ) 372 8 364 Commercial & multifamily residential: Commercial land 3,278 — 8 (87 ) 3,199 — 3,199 Income property 4,102 — 202 (292 ) 4,012 1 4,011 Owner occupied 4,356 — 3 316 4,675 71 4,604 Real estate construction: One-to-four family residential: Land and acquisition 848 — 582 (742 ) 688 — 688 Residential construction 4,572 — 1 660 5,233 — 5,233 Commercial & multifamily residential: Income property 7,367 — — 573 7,940 — 7,940 Owner occupied 2,299 — — 138 2,437 — 2,437 Consumer 5,292 (277 ) 266 (258 ) 5,023 36 4,987 Purchased credit impaired 4,782 (1,208 ) 945 (502 ) 4,017 — 4,017 Unallocated — — — 586 586 — 586 Total $ 80,150 $ (2,091 ) $ 2,575 $ 3,153 $ 83,787 $ 1,255 $ 82,532 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine months ended September 30, 2018 (in thousands) Commercial business: Secured $ 29,341 $ (8,741 ) $ 2,536 $ 20,046 $ 43,182 $ 1,139 $ 42,043 Unsecured 2,000 (117 ) 356 184 2,423 — 2,423 Real estate: One-to-four family residential 701 — 389 (718 ) 372 8 364 Commercial & multifamily residential: Commercial land 4,265 — 92 (1,158 ) 3,199 — 3,199 Income property 5,672 (223 ) 901 (2,338 ) 4,012 1 4,011 Owner occupied 5,459 — 19 (803 ) 4,675 71 4,604 Real estate construction: One-to-four family residential: Land and acquisition 963 — 610 (885 ) 688 — 688 Residential construction 3,709 — 6 1,518 5,233 — 5,233 Commercial & multifamily residential: Income property 7,053 — — 887 7,940 — 7,940 Owner occupied 4,413 — — (1,976 ) 2,437 — 2,437 Consumer 5,163 (773 ) 796 (163 ) 5,023 36 4,987 Purchased credit impaired 6,907 (3,786 ) 3,096 (2,200 ) 4,017 — 4,017 Unallocated — — — 586 586 — 586 Total $ 75,646 $ (13,640 ) $ 8,801 $ 12,980 $ 83,787 $ 1,255 $ 82,532 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three months ended September 30, 2017 (in thousands) Commercial business: Secured $ 39,539 $ (1,362 ) $ 550 $ (969 ) $ 37,758 $ — $ 37,758 Unsecured 1,147 — 138 (298 ) 987 — 987 Real estate: One-to-four family residential 628 — 40 3 671 26 645 Commercial & multifamily residential: Commercial land 2,356 — 45 (97 ) 2,304 — 2,304 Income property 6,854 — 9 241 7,104 25 7,079 Owner occupied 6,512 — 4 306 6,822 — 6,822 Real estate construction: One-to-four family residential: Land and acquisition 361 — 14 (83 ) 292 — 292 Residential construction 1,377 — 6 (272 ) 1,111 — 1,111 Commercial & multifamily residential: Income property 985 — — 279 1,264 — 1,264 Owner occupied 1,382 — — (87 ) 1,295 — 1,295 Consumer 3,551 (263 ) 343 42 3,673 51 3,622 Purchased credit impaired 8,061 (1,633 ) 1,389 (473 ) 7,344 — 7,344 Unallocated 231 — — 760 991 — 991 Total $ 72,984 $ (3,258 ) $ 2,538 $ (648 ) $ 71,616 $ 102 $ 71,514 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine months ended September 30, 2017 (in thousands) Commercial business: Secured $ 36,050 $ (6,071 ) $ 3,750 $ 4,029 $ 37,758 $ — $ 37,758 Unsecured 960 (18 ) 247 (202 ) 987 — 987 Real estate: One-to-four family residential 599 (460 ) 380 152 671 26 645 Commercial & multifamily residential: Commercial land 1,797 — 45 462 2,304 — 2,304 Income property 7,342 — 104 (342 ) 7,104 25 7,079 Owner occupied 6,439 — 114 269 6,822 — 6,822 Real estate construction: One-to-four family residential: Land and acquisition 316 (14 ) 61 (71 ) 292 — 292 Residential construction 669 — 46 396 1,111 — 1,111 Commercial & multifamily residential: Income property 404 — — 860 1,264 — 1,264 Owner occupied 1,192 — — 103 1,295 — 1,295 Consumer 3,534 (1,156 ) 876 419 3,673 51 3,622 Purchased credit impaired 10,515 (5,372 ) 3,737 (1,536 ) 7,344 — 7,344 Unallocated 226 — — 765 991 — 991 Total $ 70,043 $ (13,091 ) $ 9,360 $ 5,304 $ 71,616 $ 102 $ 71,514 |
Changes in the Allowance for Unfunded Commitments and Letters of Credit | Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands) Balance at beginning of period $ 3,680 $ 3,555 $ 3,130 $ 2,705 Net changes in the allowance for unfunded commitments and letters of credit 275 (75 ) 825 775 Balance at end of period $ 3,955 $ 3,480 $ 3,955 $ 3,480 |
Financing Receivable Credit Quality Indicators | The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans, as of September 30, 2018 and December 31, 2017 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2018 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,202,147 $ 83,986 $ 134,178 $ — $ — $ 3,420,311 Unsecured 118,885 33 1 — — 118,919 Real estate: One-to-four family residential 229,704 — 1,607 — — 231,311 Commercial and multifamily residential: Commercial land 272,838 3,423 4,977 — — 281,238 Income property 1,857,338 19,474 10,878 — — 1,887,690 Owner occupied 1,532,093 27,182 37,994 — — 1,597,269 Real estate construction: One-to-four family residential: Land and acquisition 5,645 — 318 — — 5,963 Residential construction 204,628 — — — — 204,628 Commercial and multifamily residential: Income property 253,636 — — — — 253,636 Owner occupied 86,461 — 4,050 — — 90,511 Consumer 322,595 — 4,310 — — 326,905 Total $ 8,085,970 $ 134,098 $ 198,313 $ — $ — 8,418,381 Less: Allowance for loan and lease losses 79,770 Loans, excluding PCI loans, net $ 8,338,611 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,049,031 $ 64,600 $ 122,030 $ — $ — $ 3,235,661 Unsecured 123,621 — 554 — — 124,175 Real estate: One-to-four family residential 183,312 1,186 2,056 — — 186,554 Commercial and multifamily residential: Commercial land 283,673 5,204 7,104 — — 295,981 Income property 1,857,832 17,181 31,323 — — 1,906,336 Owner occupied 1,546,775 7,380 45,831 — — 1,599,986 Real estate construction: One-to-four family residential: Land and acquisition 9,882 — 25 — — 9,907 Residential construction 187,863 — 1,828 — — 189,691 Commercial and multifamily residential: Income property 293,028 — — — — 293,028 Owner occupied 68,393 — 4,050 — — 72,443 Consumer 323,129 — 9,096 — — 332,225 Total $ 7,926,539 $ 95,551 $ 223,897 $ — $ — 8,245,987 Less: Allowance for loan and lease losses 68,739 Loans, excluding PCI loans, net $ 8,177,248 The following is an analysis of the credit quality of our PCI loan portfolio as of September 30, 2018 and December 31, 2017 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2018 (in thousands) PCI loans: Commercial business: Secured $ 9,732 $ — $ 947 $ — $ — $ 10,679 Unsecured 824 — 100 — — 924 Real estate: One-to-four family residential 10,021 — 222 — — 10,243 Commercial and multifamily residential: Commercial land 10,583 — — — — 10,583 Income property 20,444 — 1,898 — — 22,342 Owner occupied 37,042 — 377 — — 37,419 Real estate construction: One-to-four family residential: Land and acquisition 155 — 4 — — 159 Residential construction — — — — — — Commercial and multifamily residential: Income property 552 — — — — 552 Owner occupied — — — — — — Consumer 9,638 — 242 — — 9,880 Total $ 98,991 $ — $ 3,790 $ — $ — 102,781 Less: Valuation discount resulting from acquisition accounting 6,845 Allowance for loan losses 4,017 PCI loans, net $ 91,919 Pass Special Mention Substandard Doubtful Loss Total December 31, 2017 (in thousands) PCI loans: Commercial business: Secured $ 11,918 $ — $ 723 $ — $ — $ 12,641 Unsecured 1,045 — 67 — — 1,112 Real estate: One-to-four family residential 13,817 — 793 — — 14,610 Commercial and multifamily residential: Commercial land 9,460 349 — — — 9,809 Income property 25,981 — 35 — — 26,016 Owner occupied 42,617 — 769 — — 43,386 Real estate construction: One-to-four family residential: Land and acquisition 169 — 8 — — 177 Residential construction — — — — — — Commercial and multifamily residential: Income property 595 — — — — 595 Owner occupied — — — — — — Consumer 11,705 — 707 — — 12,412 Total $ 117,307 $ 349 $ 3,102 $ — $ — 120,758 Less: Valuation discount resulting from acquisition accounting 8,088 Allowance for loan losses 6,907 PCI loans, net $ 105,763 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Summary of Other Real Estate Owned | The following tables set forth activity in OREO for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Balance, beginning of period $ 7,080 $ 4,058 $ 13,298 $ 5,998 Transfers in 794 74 1,200 74 Valuation adjustments (495 ) (138 ) (697 ) (364 ) Proceeds from sale of OREO property (47 ) (182 ) (5,868 ) (1,901 ) Loss on sale of OREO, net (1 ) (130 ) (602 ) (125 ) Balance, end of period $ 7,331 $ 3,682 $ 7,331 $ 3,682 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill and Intangible Assets | The following table sets forth activity for goodwill and other intangible assets for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Goodwill Total goodwill (1) $ 765,842 $ 382,762 $ 765,842 $ 382,762 Other intangible assets, net Core deposit intangible: Gross core deposit intangible balance at beginning of period 105,473 58,598 105,473 58,598 Accumulated amortization at beginning of period (54,495 ) (44,484 ) (48,219 ) (41,886 ) Core deposit intangible, net at beginning of period 50,978 14,114 57,254 16,712 CDI current period amortization (3,070 ) (1,188 ) (9,346 ) (3,786 ) Total core deposit intangible, net at end of period 47,908 12,926 47,908 12,926 Intangible assets not subject to amortization 919 919 919 919 Other intangible assets, net at end of period 48,827 13,845 48,827 13,845 Total goodwill and other intangible assets at end of period $ 814,669 $ 396,607 $ 814,669 $ 396,607 __________ (1) See Note 3, “Business Combinations,” for additional information regarding goodwill and intangible assets recorded related to the acquisition of Pacific Continental on November 1, 2017. |
Estimated Future Amortization Expense of Core Deposit Intangibles | The following table provides the estimated future amortization expense of core deposit intangibles for the remaining three months ending December 31, 2018 and the succeeding four years: Amount (in thousands) Year ending December 31, 2018 $ 2,890 2019 10,479 2020 8,724 2021 7,264 2022 5,880 |
Derivatives and Balance Sheet_2
Derivatives and Balance Sheet Offsetting (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Derivative [Line Items] | |
Balance Sheet Offsetting [Table Text Block] | The following tables show the gross interest rate swap agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments, which are generally marketable securities. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown. Gross Amounts of Recognized Assets/Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Collateral Posted Net Amount September 30, 2018 (in thousands) Assets Interest rate contracts $ 10,479 $ — $ 10,479 $ — $ 10,479 Liabilities Interest rate contracts $ 10,478 $ — $ 10,478 $ (9,595 ) $ 883 Repurchase agreements $ 62,197 $ — $ 62,197 $ (62,197 ) $ — December 31, 2017 Assets Interest rate contracts $ 6,707 $ — $ 6,707 $ — $ 6,707 Liabilities Interest rate contracts $ 6,714 $ — $ 6,714 $ (6,714 ) $ — Repurchase agreements $ 79,059 $ — $ 79,059 $ (79,059 ) $ — |
Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law: September 30, 2018 (in thousands) Washington and Oregon State to secure public deposits $ 256,078 Federal Reserve Bank to secure borrowings 51,843 Other securities pledged 119,981 Total securities pledged as collateral $ 427,902 |
Not Designated as Hedging Instrument [Member] | |
Derivative [Line Items] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of derivatives not designated as hedging instruments at September 30, 2018 and December 31, 2017 : Asset Derivatives Liability Derivatives September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Interest rate contracts Other assets $ 10,479 Other assets $ 6,707 Other liabilities $ 10,478 Other liabilities $ 6,714 |
Available-for-sale Securities [Member] | |
Derivative [Line Items] | |
Carrying Value of Securities Pledged As Collateral | The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements: Remaining contractual maturity of the agreements Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total September 30, 2018 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 62,197 $ — $ — $ — $ 62,197 Gross amount of recognized liabilities for repurchase agreements 62,197 Amounts related to agreements not included in offsetting disclosure $ — |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table shows changes in accumulated other comprehensive income (loss) by component for the three and nine month periods ended September 30, 2018 and 2017 : Unrealized Gains and Losses on Available-for-Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Total (1) Three months ended September 30, 2018 (in thousands) Beginning balance $ (53,597 ) $ (2,324 ) $ (55,921 ) Other comprehensive loss before reclassifications (14,149 ) — (14,149 ) Amounts reclassified from accumulated other comprehensive loss — 61 61 Net current-period other comprehensive income (loss) (14,149 ) 61 (14,088 ) Ending balance $ (67,746 ) $ (2,263 ) $ (70,009 ) Three months ended September 30, 2017 Beginning balance $ (4,969 ) $ (1,559 ) $ (6,528 ) Other comprehensive income before reclassifications 549 — 549 Amounts reclassified from accumulated other comprehensive loss — 46 46 Net current-period other comprehensive income 549 46 595 Ending balance $ (4,420 ) $ (1,513 ) $ (5,933 ) Nine months ended September 30, 2018 Beginning balance $ (19,779 ) $ (2,446 ) $ (22,225 ) Adjustment pursuant to adoption of ASU 2016-01 157 — 157 Other comprehensive loss before reclassifications (48,043 ) — (48,043 ) Amounts reclassified from accumulated other comprehensive loss (81 ) 183 102 Net current-period other comprehensive income (loss) (48,124 ) 183 (47,941 ) Ending balance $ (67,746 ) $ (2,263 ) $ (70,009 ) Nine months ended September 30, 2017 Beginning balance $ (12,704 ) $ (6,295 ) $ (18,999 ) Other comprehensive income before reclassifications 8,284 4,604 12,888 Amounts reclassified from accumulated other comprehensive loss — 178 178 Net current-period other comprehensive income 8,284 4,782 13,066 Ending balance $ (4,420 ) $ (1,513 ) $ (5,933 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. |
Schedule of reclassifications from accumulated other comprehensive income [Table Text Block] | The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2018 and 2017 : Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, Affected line Item in the Consolidated 2018 2017 2018 2017 Statement of Income (in thousands) Unrealized gains and losses on available-for-sale debt securities Investment securities gains, net $ — $ — $ 106 $ — Investment securities losses, net — — 106 — Total before tax — — (25 ) — Income tax provision $ — $ — $ 81 $ — Net of tax Amortization of pension plan liability Actuarial losses $ (80 ) $ (72 ) $ (239 ) $ (279 ) Compensation and employee benefits (80 ) (72 ) (239 ) (279 ) Total before tax 19 26 56 101 Income tax benefit $ (61 ) $ (46 ) $ (183 ) $ (178 ) Net of tax |
Fair Value Accounting and Mea_2
Fair Value Accounting and Measurement (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Inputs, Assets, Quantitative Information | The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2018 and December 31, 2017 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: Fair value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 September 30, 2018 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,928,832 $ — $ 1,928,832 $ — State and municipal debt securities 567,818 — 567,818 — U.S. government agency and government-sponsored enterprise securities 424,217 — 424,217 — U.S. government securities 247 247 — — Total debt securities available for sale $ 2,921,114 $ 247 $ 2,920,867 $ — Equity securities $ 4,901 $ 4,901 $ — $ — Other assets (Interest rate contracts) $ 10,479 $ — $ 10,479 $ — Liabilities Other liabilities (Interest rate contracts) $ 10,478 $ — $ 10,478 $ — Fair value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 December 31, 2017 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations $ 1,726,725 $ — $ 1,726,725 $ — State and municipal debt securities 596,004 — 596,004 — U.S. government agency and government-sponsored enterprise securities 414,774 — 414,774 — U.S. government securities 248 248 — — Total debt securities available for sale $ 2,737,751 $ 248 $ 2,737,503 $ — Equity securities $ 5,080 $ 5,080 $ — $ — Other assets (Interest rate contracts) $ 6,707 $ — $ 6,707 $ — Liabilities Other liabilities (Interest rate contracts) $ 6,714 $ — $ 6,714 $ — |
Financial Assets Accounted For Fair Value On Nonrecurring Basis | The following tables set forth information related to the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the current and prior year quarterly periods: Fair value at Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended Losses During the Nine Months Ended Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 14,616 $ — $ — $ 14,616 $ 1,208 $ 1,208 OREO 1,240 — — 1,240 445 445 $ 15,856 $ — $ — $ 15,856 $ 1,653 $ 1,653 Fair value at September 30, 2017 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended Losses During the Nine Months Ended September 30, 2017 Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 843 $ — $ — $ 843 $ 170 $ 170 OREO 625 — — 625 138 138 $ 1,468 $ — $ — $ 1,468 $ 308 $ 308 |
Fair Value, by Balance Sheet Grouping | The following tables summarize carrying amounts and estimated fair values of selected financial instruments by level within the fair value hierarchy at September 30, 2018 and December 31, 2017 : September 30, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 220,706 $ 220,706 $ 220,706 $ — $ — Interest-earning deposits with banks 21,456 21,456 21,456 — — Debt securities available for sale 2,921,114 2,921,114 247 2,920,867 — Equity securities 4,901 4,901 4,901 — — FHLB stock 16,640 16,640 — 16,640 — Loans held for sale 5,275 5,275 — 5,275 — Loans 8,430,530 8,425,433 — — 8,425,433 Interest rate contracts 10,479 10,479 — 10,479 — Liabilities Time deposits $ 431,496 $ 423,165 $ — $ 423,165 $ — FHLB advances 166,536 166,999 — 166,999 — Repurchase agreements 62,197 62,197 — 62,197 — Subordinated debentures 35,508 35,001 — 35,001 — Interest rate contracts 10,478 10,478 — 10,478 — December 31, 2017 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 244,615 $ 244,615 $ 244,615 $ — $ — Interest-earning deposits with banks 97,918 97,918 97,918 — — Debt securities available for sale 2,737,751 2,737,751 248 2,737,503 — Equity securities 5,080 5,080 5,080 — — FHLB stock 10,440 10,440 — 10,440 — Loans held for sale 5,766 5,766 — 5,766 — Loans 8,283,011 8,055,817 — — 8,055,817 Interest rate contracts 6,707 6,707 — 6,707 — Liabilities Time deposits $ 491,045 $ 483,095 $ — $ 483,095 $ — FHLB advances 11,579 12,281 — 12,281 — Repurchase agreements 79,059 79,070 — 79,070 — Subordinated debentures 35,647 35,895 — 35,895 — Junior subordinated debentures 8,248 8,248 — 8,248 — Interest rate contracts 6,714 6,714 — 6,714 — |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Inputs, Assets, Quantitative Information | The range and weighted-average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets, along with the valuation techniques used, are shown in the following table: Fair value at Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 14,616 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 54.51% (6.66%) OREO $ 1,240 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) (1) Discount applied to appraisal value or stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values. (3) Collateral consists of accounts receivable, fixed assets, inventory, cash, real estate and state guarantee. Fair value at September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (3) $ 715 Fair Market Value of Collateral Adjustment to Stated Value N/A (2) Impaired loans - other (4) $ 128 Discounted Cash Flow Discount Rate 7.75% OREO $ 625 Fair Market Value of Collateral Adjustment to Appraisal Value N/A (2) (1) Discount rate used in discounted cash flow valuation. (2) Quantitative disclosures are not provided for collateral-dependent impaired loans and OREO because there were no adjustments made to the appraisal values or stated values during the current period. (3) Collateral consists of government agency guarantee. (4) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided. |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands except per share) Basic EPS: Net income $ 46,415 $ 40,769 $ 128,134 $ 97,100 Less: Earnings allocated to participating securities: Preferred shares — — — 4 Nonvested restricted shares 504 558 1,413 1,325 Earnings allocated to common shareholders $ 45,911 $ 40,211 $ 126,721 $ 95,771 Weighted average common shares outstanding 72,427 57,566 72,370 57,459 Basic earnings per common share $ 0.63 $ 0.70 $ 1.75 $ 1.67 Diluted EPS: Earnings allocated to common shareholders $ 45,911 $ 40,211 $ 126,721 $ 95,771 Weighted average common shares outstanding 72,427 57,566 72,370 57,459 Dilutive effect of equity awards 5 5 4 6 Weighted average diluted common shares outstanding 72,432 57,571 72,374 57,465 Diluted earnings per common share $ 0.63 $ 0.70 $ 1.75 $ 1.67 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive — 12 5 13 |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue [Table Text Block] | Disaggregation of revenue The following table shows the disaggregation of revenue from contracts with customers for the three and nine month periods ended September 30, 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2018 2018 (dollars in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 9,266 $ 26,689 Card revenue 3,714 16,143 Financial services and trust revenue 2,975 8,924 Total revenue from contracts with customers 15,955 51,756 Other sources of noninterest income 5,064 16,098 Total noninterest income $ 21,019 $ 67,854 |
Accounting Pronouncements Rec_2
Accounting Pronouncements Recently Issued Narrative - Impact of implementation of new accounting standards (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Sale Leaseback Transaction, Deferred Gain, Net | $ 1,000 | ||
Accounting Standards Update 2016-01 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0 | ||
Accounting Standards Update 2016-09 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 67 | ||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (157) | ||
Retained Earnings [Member] | Accounting Standards Update 2016-09 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | (117) | ||
Common Stock [Member] | Accounting Standards Update 2016-09 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 184 | ||
Minimum [Member] | |||
Operating Lease, Right-of-Use Asset | 40,000 | ||
Maximum [Member] | |||
Operating Lease, Right-of-Use Asset | $ 50,000 |
Business Combinations (Details)
Business Combinations (Details) - Pacific Continental [Member] - USD ($) $ / shares in Units, $ in Thousands | Nov. 01, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | $ 1,081 | $ 1,171 | $ 8,168 | $ 3,558 | |
Business Acquisition, Pro Forma Revenue | 432,060 | ||||
Business Combination, Consideration Transferred | $ 637,103 | ||||
Business Acquisition, Effective Date of Acquisition | Nov. 1, 2017 | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
Business Combination, Purchase Price Allocation, Goodwill Amount | $ 383,080 | ||||
Business Combination, Purchase Price Allocation, Amortizable Intangible Assets | 46,875 | ||||
Business Combination, Purchase Price Allocation, Other Assets | 50,638 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 2,554,514 | ||||
Business Combination, Purchase Price Allocation, Liabilities, Deposits | (2,118,982) | ||||
Business Combination, Purchase Price Allocation, Federal Home Loan bank advances | (101,127) | ||||
Business Combination, Purchase Price Allocation, Subordinated Debt | (35,678) | ||||
Business Combination, Purchase Price Allocation, Junior Subordinated Debentures | (14,434) | ||||
Business combination, purchase price allocation, securities sold under agreements to repurchase | (1,617) | ||||
Business Combination, Purchase Price Allocation, Other Liabilities | (28,653) | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | (2,300,491) | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ 254,023 | ||||
business combinations, core deposit intangible percentage of core deposits | 2.34% | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ 81,190 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 449,291 | ||||
Business Combination, Purchase Price Allocation, FHLB Stock | 7,084 | ||||
Business Combination, Acquired Receivable, Fair Value | 1,873,987 | ||||
Business Combination, Purchase Price Allocation, Accrued Interest Receivable | 7,827 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 27,343 | ||||
Business Combination, Purchase Price Allocation, Other Real Estate Owned | $ 10,279 | ||||
Business Acquisition, Pro Forma Net Income (Loss) | $ 122,410 | ||||
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ 1.70 | ||||
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 1.70 | ||||
Compensation and employee benefits [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 923 | 3 | 3,410 | $ 3 | |
Occupancy [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 29 | 593 | 1,619 | 945 | |
Advertising and promotion [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 0 | 184 | 534 | 201 | |
Data processing [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 20 | 66 | 941 | 539 | |
Legal and professional fees [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 102 | 157 | 893 | 1,587 | |
Taxes, licenses and fees [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | 0 | 0 | 0 | 3 | |
Other noninterest expenses [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Acquisition Related Costs | $ 7 | $ 168 | $ 771 | $ 280 |
Securities (Securities Availabl
Securities (Securities Available for Sale) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale [Line Items] | |||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | $ 32,330 | $ 0 | |
Securities available-for-sale, amortized cost | 3,009,386 | 3,009,386 | $ 2,763,321 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 2,259 | 2,259 | 8,480 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 90,531 | 90,531 | 34,050 | ||
Debt Securities, Available-for-sale | 2,921,114 | 2,921,114 | 2,737,751 | ||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Securities available-for-sale, amortized cost | 1,997,736 | 1,997,736 | 1,752,236 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 295 | 295 | 1,815 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 69,199 | 69,199 | 27,326 | ||
Debt Securities, Available-for-sale | 1,928,832 | 1,928,832 | 1,726,725 | ||
State and Municipal Securities [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Securities available-for-sale, amortized cost | 578,132 | 578,132 | 593,940 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,927 | 1,927 | 6,023 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 12,241 | 12,241 | 3,959 | ||
Debt Securities, Available-for-sale | 567,818 | 567,818 | 596,004 | ||
U.S. Government and Government-Sponsored Enterprise Securities [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Securities available-for-sale, amortized cost | 433,267 | 433,267 | 416,894 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 37 | 37 | 642 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 9,087 | 9,087 | 2,762 | ||
Debt Securities, Available-for-sale | 424,217 | 424,217 | 414,774 | ||
US Government Securities [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Securities available-for-sale, amortized cost | 251 | 251 | 251 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | 0 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 4 | 4 | 3 | ||
Debt Securities, Available-for-sale | $ 247 | $ 247 | $ 248 |
Securities (Schedule of Contrac
Securities (Schedule of Contractual Maturities of Investment Securities Available for Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Abstract] | ||
Due within one year, Amortized Cost | $ 126,071 | |
Due after one year through five years, Amortized Cost | 612,279 | |
Due after five years through ten years, Amortized Cost | 1,144,161 | |
Due after ten years, Amortized Cost | 1,126,875 | |
Securities available-for-sale, amortized cost | 3,009,386 | $ 2,763,321 |
Due within one year, Fair Value | 126,253 | |
Due after one year through five years, Fair Value | 598,770 | |
Due after five years through ten years, Fair Value | 1,113,290 | |
Due after ten years, Fair Value | 1,082,801 | |
Total investment securities available-for-sale, Fair Value | $ 2,921,114 | $ 2,737,751 |
Securities (Carrying Value of S
Securities (Carrying Value of Securities Pledged as Collateral) (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | $ 427,902 |
Washington and Oregon State Public Deposits [Member] | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | 256,078 |
Federal Reserve Bank Advances [Member] | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | 51,843 |
Other Securities [Member] | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | $ 119,981 |
Securities (Summary of Gross Un
Securities (Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months Fair Value | $ 1,718,571 | $ 1,220,992 |
Less than 12 Months Unrealized Losses | (40,068) | (9,442) |
12 Months or More Fair Value | 1,051,352 | 948,366 |
12 Months or More Unrealized Losses | (50,463) | (24,608) |
Total Fair Value | 2,769,923 | 2,169,358 |
Total Unrealized Losses | (90,531) | (34,050) |
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months Fair Value | 1,084,529 | 816,678 |
Less than 12 Months Unrealized Losses | (26,966) | (6,710) |
12 Months or More Fair Value | 834,985 | 717,211 |
12 Months or More Unrealized Losses | (42,233) | (20,616) |
Total Fair Value | 1,919,514 | 1,533,889 |
Total Unrealized Losses | (69,199) | (27,326) |
State and Municipal Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months Fair Value | 333,523 | 220,019 |
Less than 12 Months Unrealized Losses | (6,833) | (1,723) |
12 Months or More Fair Value | 96,018 | 75,172 |
12 Months or More Unrealized Losses | (5,408) | (2,236) |
Total Fair Value | 429,541 | 295,191 |
Total Unrealized Losses | (12,241) | (3,959) |
US Government Corporations and Agencies Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months Fair Value | 300,519 | 184,046 |
Less than 12 Months Unrealized Losses | (6,269) | (1,006) |
12 Months or More Fair Value | 120,102 | 155,983 |
12 Months or More Unrealized Losses | (2,818) | (1,756) |
Total Fair Value | 420,621 | 340,029 |
Total Unrealized Losses | (9,087) | (2,762) |
US Government Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months Fair Value | 0 | 249 |
Less than 12 Months Unrealized Losses | 0 | (3) |
12 Months or More Fair Value | 247 | 0 |
12 Months or More Unrealized Losses | (4) | 0 |
Total Fair Value | 247 | 249 |
Total Unrealized Losses | $ (4) | $ (3) |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)security | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)security | Sep. 30, 2017USD ($) | |
Debt Securities, Available-for-sale [Line Items] | ||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ | $ 0 | $ 0 | $ 32,330 | $ 0 |
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 481 | 481 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 153 | 153 | ||
Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 458 | 458 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 92 | 92 | ||
U.S. Government and Government-Sponsored Enterprise Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 54 | 54 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 14 | 14 | ||
US Government Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Number Of Securities In Continuous Loss Position For Twelve Months or More | 1 | 1 | ||
Number Of Securities In Unrealized Loss Position | 1 | 1 |
Securities Securities (Summary
Securities Securities (Summary of Gross Realized Gains and Gross Realized Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Investments, Debt and Equity Securities [Abstract] | |||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | $ 32,330 | $ 0 | |
Available-for-sale Securities, Gross Realized Gains | 0 | 0 | 235 | 0 | |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 | (129) | 0 | |
Equity Securities, FV-NI, Unrealized Gain (Loss) | [1] | (62) | 0 | (179) | 0 |
Gain (Loss) on Investments | $ (62) | $ 0 | $ (73) | $ 0 | |
[1] | Other securities losses, net includes net unrealized loss activity associated with equity securities. There were no sales of equity securities during the periods presented. |
Loans (Narrative) (Details)
Loans (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($)contract | Sep. 30, 2017contract | Sep. 30, 2018USD ($)contract | Sep. 30, 2017contract | Dec. 31, 2017USD ($) | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans to related parties | $ 9,700 | $ 9,700 | $ 10,000 | ||
Loans and Leases Receivable, Related Parties, Additions | 14 | ||||
Repayments on related party loans | $ 226 | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 0 | 0 | 0 | |
Loans Receivable [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 3,180,000 | $ 3,180,000 | 2,250,000 | ||
Federal Reserve Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 76,200 | $ 76,200 | $ 70,200 |
Loans (Analysis of Loan Portfol
Loans (Analysis of Loan Portfolio by Major Types of Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||||||
Less: unearned income on loans | $ (44,125) | $ (52,111) | ||||
Recorded Investment | 8,514,317 | 8,358,657 | ||||
Allowance for loan losses | (83,787) | $ (80,150) | (75,646) | $ (71,616) | $ (72,984) | $ (70,043) |
Loans, net | 8,430,530 | 8,283,011 | ||||
Loans held for sale | 5,275 | 5,766 | ||||
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Less: unearned income on loans | (44,125) | (52,111) | ||||
Recorded Investment | 8,418,381 | 8,245,987 | ||||
Allowance for loan losses | (79,770) | (68,739) | ||||
Loans, net | 8,338,611 | 8,177,248 | ||||
Loans held for sale | 5,275 | 5,766 | ||||
Loans and Leases Receivable, Gross | 8,418,381 | 8,245,987 | ||||
Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Less: unearned income on loans | 0 | 0 | ||||
Recorded Investment | 95,936 | 112,670 | ||||
Allowance for loan losses | (4,017) | (6,907) | ||||
Loans, net | 91,919 | 105,763 | ||||
Loans held for sale | 0 | 0 | ||||
Loans and Leases Receivable, Gross | 102,781 | 120,758 | ||||
Acquisition Accounting Valuation Discount on Covered Loans | 6,845 | 8,088 | ||||
Commercial and Multifamily Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross | 552 | 595 | ||||
One-to-Four Family Residential [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer, Mortgage | 241,280 | 200,791 | ||||
Loans and Leases Receivable, Gross, Consumer, Construction | 211,788 | 200,695 | ||||
Allowance for loan losses | (372) | (461) | (701) | (671) | (628) | (599) |
One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer, Mortgage | 232,924 | 188,396 | ||||
Loans and Leases Receivable, Gross, Consumer, Construction | 211,629 | 200,518 | ||||
Loans and Leases Receivable, Gross | 231,311 | 186,554 | ||||
One-to-Four Family Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer, Mortgage | 8,356 | 12,395 | ||||
Loans and Leases Receivable, Gross, Consumer, Construction | 159 | 177 | ||||
Loans and Leases Receivable, Gross | 10,243 | 14,610 | ||||
Commercial and Multifamily Residential [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial, Mortgage | 3,853,363 | 3,901,333 | ||||
Loans Receivable, Gross, Commercial, Construction | 349,907 | 372,538 | ||||
Commercial and Multifamily Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial, Mortgage | 3,786,615 | 3,825,739 | ||||
Loans Receivable, Gross, Commercial, Construction | 349,328 | 371,931 | ||||
Commercial and Multifamily Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial, Mortgage | 66,748 | 75,594 | ||||
Loans Receivable, Gross, Commercial, Construction | 579 | 607 | ||||
Loans and Leases Receivable, Gross | 70,344 | 79,211 | ||||
Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial and Industrial | 3,565,311 | 3,389,952 | ||||
Commercial Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial and Industrial | 3,554,147 | 3,377,324 | ||||
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable, Gross, Commercial and Industrial | 11,164 | 12,628 | ||||
Loans and Leases Receivable, Gross | 11,603 | 13,753 | ||||
Real Estate Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Mortgage | 4,094,643 | 4,102,124 | ||||
Real Estate Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Mortgage | 4,019,539 | 4,014,135 | ||||
Real Estate Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Mortgage | 75,104 | 87,989 | ||||
Loans and Leases Receivable, Gross | 80,587 | 93,821 | ||||
One-to-Four Family Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross | 159 | 177 | ||||
Real Estate Construction Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Construction | 561,695 | 573,233 | ||||
Real Estate Construction Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Construction | 560,957 | 572,449 | ||||
Real Estate Construction Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans Receivable Real Estate Construction | 738 | 784 | ||||
Loans and Leases Receivable, Gross | 711 | 772 | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer | 336,793 | 345,459 | ||||
Allowance for loan losses | (5,023) | $ (5,292) | (5,163) | $ (3,673) | $ (3,551) | $ (3,534) |
Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer | 327,863 | 334,190 | ||||
Loans and Leases Receivable, Gross | 326,905 | 332,225 | ||||
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Loans and Leases Receivable, Gross, Consumer | 8,930 | 11,269 | ||||
Loans and Leases Receivable, Gross | $ 9,880 | $ 12,412 |
Loans (Analysis of Nonaccrual L
Loans (Analysis of Nonaccrual Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | $ 60,332 | $ 66,189 |
Unpaid Principal Balance Nonaccrual Loans | 72,797 | 79,886 |
Secured Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 45,753 | 45,410 |
Unpaid Principal Balance Nonaccrual Loans | 57,049 | 56,865 |
Unsecured Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 0 | 50 |
Unpaid Principal Balance Nonaccrual Loans | 0 | 49 |
One-to-Four Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 501 | 785 |
Unpaid Principal Balance Nonaccrual Loans | 508 | 1,182 |
Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 2,461 | 2,628 |
Unpaid Principal Balance Nonaccrual Loans | 2,470 | 2,623 |
Income Property Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 1,873 | 4,284 |
Unpaid Principal Balance Nonaccrual Loans | 2,523 | 5,410 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 6,678 | 7,029 |
Unpaid Principal Balance Nonaccrual Loans | 6,992 | 7,270 |
Land And Acquisition [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 318 | 25 |
Unpaid Principal Balance Nonaccrual Loans | 318 | 26 |
Residential Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 0 | 1,829 |
Unpaid Principal Balance Nonaccrual Loans | 0 | 1,828 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded Investment Nonaccrual Loans | 2,748 | 4,149 |
Unpaid Principal Balance Nonaccrual Loans | $ 2,937 | $ 4,633 |
Loans (Analysis of the Aged Loa
Loans (Analysis of the Aged Loan Portfolio) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | $ 60,332 | $ 66,189 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 8,332,359 | 8,163,583 |
Past Due Loans | 25,690 | 16,215 |
Nonaccrual Loans | 60,332 | 66,189 |
Loans Receivable, Net | 8,418,381 | 8,245,987 |
Secured Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 45,753 | 45,410 |
Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 3,365,159 | 3,185,321 |
Past Due Loans | 9,399 | 4,930 |
Nonaccrual Loans | 45,753 | 45,410 |
Loans Receivable, Net | 3,420,311 | 3,235,661 |
Unsecured Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 50 |
Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 117,801 | 123,524 |
Past Due Loans | 1,118 | 601 |
Nonaccrual Loans | 0 | 50 |
Loans Receivable, Net | 118,919 | 124,175 |
One-to-Four Family Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 501 | 785 |
One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 229,685 | 184,256 |
Past Due Loans | 1,125 | 1,513 |
Nonaccrual Loans | 501 | 785 |
Loans Receivable, Net | 231,311 | 186,554 |
Commercial Land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 2,461 | 2,628 |
Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 278,777 | 292,680 |
Past Due Loans | 0 | 673 |
Nonaccrual Loans | 2,461 | 2,628 |
Loans Receivable, Net | 281,238 | 295,981 |
Income Property Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 1,873 | 4,284 |
Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 1,880,405 | 1,898,655 |
Past Due Loans | 5,412 | 3,397 |
Nonaccrual Loans | 1,873 | 4,284 |
Loans Receivable, Net | 1,887,690 | 1,906,336 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 6,678 | 7,029 |
Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 1,588,662 | 1,590,004 |
Past Due Loans | 1,929 | 2,953 |
Nonaccrual Loans | 6,678 | 7,029 |
Loans Receivable, Net | 1,597,269 | 1,599,986 |
Land And Acquisition [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 318 | 25 |
Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 5,320 | 9,882 |
Past Due Loans | 325 | 0 |
Nonaccrual Loans | 318 | 25 |
Loans Receivable, Net | 5,963 | 9,907 |
Residential Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 1,829 |
Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 200,484 | 187,862 |
Past Due Loans | 4,144 | 0 |
Nonaccrual Loans | 0 | 1,829 |
Loans Receivable, Net | 204,628 | 189,691 |
Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 253,470 | 293,028 |
Past Due Loans | 166 | 0 |
Nonaccrual Loans | 0 | 0 |
Loans Receivable, Net | 253,636 | 293,028 |
Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 90,511 | 72,443 |
Past Due Loans | 0 | 0 |
Nonaccrual Loans | 0 | 0 |
Loans Receivable, Net | 90,511 | 72,443 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual Loans | 2,748 | 4,149 |
Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 322,085 | 325,928 |
Past Due Loans | 2,072 | 2,148 |
Nonaccrual Loans | 2,748 | 4,149 |
Loans Receivable, Net | 326,905 | 332,225 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 5,565 | 5,444 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 2,258 | 2,400 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 501 |
Financing Receivables, 60 to 89 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 784 | 402 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 2,073 | 971 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 468 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 166 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 284 | 702 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 20,125 | 10,190 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 7,141 | 2,530 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 1,118 | 100 |
Financing Receivables, 30 to 59 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 341 | 1,111 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 92 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 3,339 | 2,426 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 1,929 | 2,485 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 325 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 4,144 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 1,788 | 1,446 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 581 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 581 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due Loans | $ 0 | $ 0 |
Loans (Analysis of Impaired Loa
Loans (Analysis of Impaired Loans) (Details) - Loans, Excluding Purchased Credit Impaired Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 8,353,691 | $ 8,353,691 | $ 8,176,782 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 64,690 | 64,690 | 69,205 | ||
Recorded Investment | 49,865 | 49,865 | 56,357 | ||
Unpaid Principal Balance | 55,431 | 55,431 | 64,735 | ||
Related Allowance | 1,255 | 1,255 | 2,360 | ||
Average Recorded Investment Impaired Loans | 68,528 | $ 42,623 | 69,552 | $ 33,508 | |
Interest Recognized on Impaired Loans | 314 | 374 | 813 | 664 | |
Secured Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 3,379,535 | 3,379,535 | 3,195,649 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 40,776 | 40,776 | 40,012 | ||
Recorded Investment | 7,402 | 7,402 | 3,808 | ||
Unpaid Principal Balance | 7,875 | 7,875 | 3,937 | ||
Related Allowance | 1,139 | 1,139 | 1,867 | ||
Average Recorded Investment Impaired Loans | 43,805 | 22,395 | 43,055 | 15,349 | |
Interest Recognized on Impaired Loans | 2 | 2 | 43 | 25 | |
Unsecured Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 118,897 | 118,897 | 124,150 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 22 | 22 | 25 | ||
Recorded Investment | 0 | 0 | 25 | ||
Unpaid Principal Balance | 0 | 0 | 24 | ||
Related Allowance | 0 | 0 | 3 | ||
Average Recorded Investment Impaired Loans | 444 | 0 | 234 | 0 | |
Interest Recognized on Impaired Loans | 0 | 0 | 1 | 0 | |
One-to-Four Family Residential [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 230,915 | 230,915 | 185,659 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 396 | 396 | 895 | ||
Recorded Investment | 337 | 337 | 867 | ||
Unpaid Principal Balance | 606 | 606 | 1,408 | ||
Related Allowance | 8 | 8 | 103 | ||
Average Recorded Investment Impaired Loans | 545 | 856 | 713 | 688 | |
Interest Recognized on Impaired Loans | 12 | 15 | 30 | 37 | |
Commercial Land [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 279,008 | 279,008 | 293,694 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,230 | 2,230 | 2,287 | ||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Related Allowance | 0 | 0 | 0 | ||
Average Recorded Investment Impaired Loans | 2,246 | 2,549 | 2,407 | 2,026 | |
Interest Recognized on Impaired Loans | 26 | 0 | 26 | 0 | |
Income Property Multifamily [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,884,936 | 1,884,936 | 1,901,313 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,754 | 2,754 | 5,023 | ||
Recorded Investment | 110 | 110 | 2,768 | ||
Unpaid Principal Balance | 175 | 175 | 3,328 | ||
Related Allowance | 1 | 1 | 185 | ||
Average Recorded Investment Impaired Loans | 2,443 | 4,214 | 3,367 | 4,137 | |
Interest Recognized on Impaired Loans | 34 | 21 | 96 | 27 | |
Owner Occupied [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,587,550 | 1,587,550 | 1,591,298 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 9,719 | 9,719 | 8,688 | ||
Recorded Investment | 3,274 | 3,274 | 77 | ||
Unpaid Principal Balance | 4,693 | 4,693 | 80 | ||
Related Allowance | 71 | 71 | 3 | ||
Average Recorded Investment Impaired Loans | 9,349 | 4,530 | 8,986 | 4,496 | |
Interest Recognized on Impaired Loans | 124 | 127 | 333 | 319 | |
Land And Acquisition [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 5,963 | 5,963 | 9,907 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | 0 | ||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Related Allowance | 0 | 0 | 0 | ||
Average Recorded Investment Impaired Loans | 0 | 0 | 0 | 4 | |
Interest Recognized on Impaired Loans | 0 | 0 | 0 | 0 | |
Residential Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 204,628 | 204,628 | 188,481 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | 1,210 | ||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Related Allowance | 0 | 0 | 0 | ||
Average Recorded Investment Impaired Loans | 0 | 0 | 605 | 84 | |
Interest Recognized on Impaired Loans | 0 | 0 | 0 | 0 | |
Income Property Multifamily Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 253,636 | 253,636 | 293,028 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | 0 | ||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Related Allowance | 0 | 0 | 0 | ||
Owner Occupied Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 86,461 | 86,461 | 68,393 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 4,050 | 4,050 | 4,050 | ||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Related Allowance | 0 | 0 | 0 | ||
Average Recorded Investment Impaired Loans | 4,050 | 2,025 | 4,050 | 1,012 | |
Interest Recognized on Impaired Loans | 72 | 151 | 174 | 151 | |
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 322,162 | 322,162 | 325,210 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 4,743 | 4,743 | 7,015 | ||
Recorded Investment | 3,702 | 3,702 | 5,303 | ||
Unpaid Principal Balance | 3,953 | 3,953 | 5,568 | ||
Related Allowance | 36 | 36 | 199 | ||
Average Recorded Investment Impaired Loans | 5,646 | 6,054 | 6,135 | 5,712 | |
Interest Recognized on Impaired Loans | 44 | $ 58 | 110 | $ 105 | |
Impaired Loans With Recorded Allowance [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 14,825 | 14,825 | 12,848 | ||
Unpaid Principal Balance | 17,302 | 17,302 | 14,345 | ||
Impaired Loans Without Recorded Allowance [Member] | Secured Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 33,374 | 33,374 | 36,204 | ||
Unpaid Principal Balance | 38,293 | 38,293 | 42,314 | ||
Impaired Loans Without Recorded Allowance [Member] | Unsecured Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 22 | 22 | 0 | ||
Unpaid Principal Balance | 21 | 21 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | One-to-Four Family Residential [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 59 | 59 | 28 | ||
Unpaid Principal Balance | 256 | 256 | 337 | ||
Impaired Loans Without Recorded Allowance [Member] | Commercial Land [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 2,230 | 2,230 | 2,287 | ||
Unpaid Principal Balance | 2,274 | 2,274 | 2,282 | ||
Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 2,644 | 2,644 | 2,255 | ||
Unpaid Principal Balance | 2,789 | 2,789 | 2,601 | ||
Impaired Loans Without Recorded Allowance [Member] | Owner Occupied [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 6,445 | 6,445 | 8,611 | ||
Unpaid Principal Balance | 6,692 | 6,692 | 10,077 | ||
Impaired Loans Without Recorded Allowance [Member] | Land And Acquisition [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | Residential Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 0 | 0 | 1,210 | ||
Unpaid Principal Balance | 0 | 0 | 1,210 | ||
Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | Owner Occupied Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 4,050 | 4,050 | 4,050 | ||
Unpaid Principal Balance | 4,050 | 4,050 | 4,050 | ||
Impaired Loans Without Recorded Allowance [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Recorded Investment | 1,041 | 1,041 | 1,712 | ||
Unpaid Principal Balance | $ 1,056 | $ 1,056 | $ 1,864 |
Loans Loans (Analysis of Troubl
Loans Loans (Analysis of Troubled Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($)Modificationscontract | Sep. 30, 2017USD ($)Modificationscontract | Sep. 30, 2018USD ($)Modificationscontract | Sep. 30, 2017USD ($)Modificationscontract | Dec. 31, 2017USD ($) | |
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 0 | 0 | 0 | |
Loans and Leases Receivable, Related Parties | $ 9,700 | $ 9,700 | $ 10,000 | ||
Financing Receivable Modifications Additional Commitment To Lend | $ 16,200 | $ 16,200 | $ 506 | ||
Loans, Excluding Purchased Credit Impaired Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 4 | 24 | 28 | 48 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 14,634 | $ 7,961 | $ 21,036 | $ 12,482 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 14,634 | $ 7,961 | $ 21,036 | $ 12,482 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Secured Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 1 | 2 | 9 | 7 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 14,511 | $ 808 | $ 17,605 | $ 2,586 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 14,511 | $ 808 | $ 17,605 | $ 2,586 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | One-to-Four Family Residential [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 2 | 0 | 3 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 201 | $ 0 | $ 583 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 201 | $ 0 | $ 583 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Income Property Multifamily [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 1 | 1 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 1,152 | $ 891 | $ 1,152 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 1,152 | $ 891 | $ 1,152 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Owner Occupied [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 | 1 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 78 | $ 0 | $ 78 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 78 | $ 0 | $ 78 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Owner Occupied Construction [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | 0 | 1 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 4,050 | $ 0 | $ 4,050 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 4,050 | $ 0 | $ 4,050 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 3 | 17 | 18 | 35 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 123 | $ 1,672 | $ 2,540 | $ 4,033 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 123 | $ 1,672 | $ 2,540 | $ 4,033 |
Loans Loans (Analysis of Purcha
Loans Loans (Analysis of Purchased Credit Impaired Loans - Accretable Yield Rollforward) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Loans, Analysis of Purchased Credit Impaired Loans, Accretable Yield Rollforward [Abstract] | ||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 23,175 | $ 32,048 | $ 23,175 | $ 32,048 | $ 25,350 | $ 31,176 | $ 35,706 | $ 45,191 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 2,233 | 2,766 | 6,435 | 9,830 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Disposals of Loans | 221 | 0 | 387 | 158 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | $ 279 | $ (892) | $ (1,179) | $ (3,155) |
Allowance for Loan and Lease _3
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Provision (recapture) for loan and lease losses | $ 3,153 | $ (648) | $ 12,980 | $ 5,304 |
Allowance for Loan and Lease _4
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | $ 80,150 | $ 72,984 | $ 75,646 | $ 70,043 |
Charged-offs | (2,091) | (3,258) | (13,640) | (13,091) |
Recoveries | 2,575 | 2,538 | 8,801 | 9,360 |
Provision (recapture) for loan and lease losses | 3,153 | (648) | 12,980 | 5,304 |
Ending balance | 83,787 | 71,616 | 83,787 | 71,616 |
Specific Reserve | 1,255 | 102 | 1,255 | 102 |
General Allocation | 82,532 | 71,514 | 82,532 | 71,514 |
Secured Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 40,350 | 39,539 | 29,341 | 36,050 |
Charged-offs | (576) | (1,362) | (8,741) | (6,071) |
Recoveries | 496 | 550 | 2,536 | 3,750 |
Provision (recapture) for loan and lease losses | 2,912 | (969) | 20,046 | 4,029 |
Ending balance | 43,182 | 37,758 | 43,182 | 37,758 |
Specific Reserve | 1,139 | 0 | 1,139 | 0 |
General Allocation | 42,043 | 37,758 | 42,043 | 37,758 |
Unsecured Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,443 | 1,147 | 2,000 | 960 |
Charged-offs | (30) | 0 | (117) | (18) |
Recoveries | 51 | 138 | 356 | 247 |
Provision (recapture) for loan and lease losses | (41) | (298) | 184 | (202) |
Ending balance | 2,423 | 987 | 2,423 | 987 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 2,423 | 987 | 2,423 | 987 |
One-to-Four Family Residential [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 461 | 628 | 701 | 599 |
Charged-offs | 0 | 0 | 0 | (460) |
Recoveries | 21 | 40 | 389 | 380 |
Provision (recapture) for loan and lease losses | (110) | 3 | (718) | 152 |
Ending balance | 372 | 671 | 372 | 671 |
Specific Reserve | 8 | 26 | 8 | 26 |
General Allocation | 364 | 645 | 364 | 645 |
Commercial Land [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 3,278 | 2,356 | 4,265 | 1,797 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 8 | 45 | 92 | 45 |
Provision (recapture) for loan and lease losses | (87) | (97) | (1,158) | 462 |
Ending balance | 3,199 | 2,304 | 3,199 | 2,304 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 3,199 | 2,304 | 3,199 | 2,304 |
Income Property Multifamily [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,102 | 6,854 | 5,672 | 7,342 |
Charged-offs | 0 | 0 | (223) | 0 |
Recoveries | 202 | 9 | 901 | 104 |
Provision (recapture) for loan and lease losses | (292) | 241 | (2,338) | (342) |
Ending balance | 4,012 | 7,104 | 4,012 | 7,104 |
Specific Reserve | 1 | 25 | 1 | 25 |
General Allocation | 4,011 | 7,079 | 4,011 | 7,079 |
Owner Occupied [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,356 | 6,512 | 5,459 | 6,439 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 3 | 4 | 19 | 114 |
Provision (recapture) for loan and lease losses | 316 | 306 | (803) | 269 |
Ending balance | 4,675 | 6,822 | 4,675 | 6,822 |
Specific Reserve | 71 | 0 | 71 | 0 |
General Allocation | 4,604 | 6,822 | 4,604 | 6,822 |
Land And Acquisition [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 848 | 361 | 963 | 316 |
Charged-offs | 0 | 0 | 0 | (14) |
Recoveries | 582 | 14 | 610 | 61 |
Provision (recapture) for loan and lease losses | (742) | (83) | (885) | (71) |
Ending balance | 688 | 292 | 688 | 292 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 688 | 292 | 688 | 292 |
Residential Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,572 | 1,377 | 3,709 | 669 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 1 | 6 | 6 | 46 |
Provision (recapture) for loan and lease losses | 660 | (272) | 1,518 | 396 |
Ending balance | 5,233 | 1,111 | 5,233 | 1,111 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 5,233 | 1,111 | 5,233 | 1,111 |
Income Property Multifamily Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 7,367 | 985 | 7,053 | 404 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (recapture) for loan and lease losses | 573 | 279 | 887 | 860 |
Ending balance | 7,940 | 1,264 | 7,940 | 1,264 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 7,940 | 1,264 | 7,940 | 1,264 |
Owner Occupied Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,299 | 1,382 | 4,413 | 1,192 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (recapture) for loan and lease losses | 138 | (87) | (1,976) | 103 |
Ending balance | 2,437 | 1,295 | 2,437 | 1,295 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 2,437 | 1,295 | 2,437 | 1,295 |
Consumer Portfolio Segment [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,292 | 3,551 | 5,163 | 3,534 |
Charged-offs | (277) | (263) | (773) | (1,156) |
Recoveries | 266 | 343 | 796 | 876 |
Provision (recapture) for loan and lease losses | (258) | 42 | (163) | 419 |
Ending balance | 5,023 | 3,673 | 5,023 | 3,673 |
Specific Reserve | 36 | 51 | 36 | 51 |
General Allocation | 4,987 | 3,622 | 4,987 | 3,622 |
Purchased Credit Impaired Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,782 | 8,061 | 6,907 | 10,515 |
Charged-offs | (1,208) | (1,633) | (3,786) | (5,372) |
Recoveries | 945 | 1,389 | 3,096 | 3,737 |
Provision (recapture) for loan and lease losses | (502) | (473) | (2,200) | (1,536) |
Ending balance | 4,017 | 7,344 | 4,017 | 7,344 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 4,017 | 7,344 | 4,017 | 7,344 |
Unallocated Financing Receivables [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 0 | 231 | 0 | 226 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (recapture) for loan and lease losses | 586 | 760 | 586 | 765 |
Ending balance | 586 | 991 | 586 | 991 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | $ 586 | $ 991 | $ 586 | $ 991 |
Allowance for Loan and Lease _5
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Changes in the Allowance for Unfunded Commitments and Letters of Credit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | ||||
Beginning balance | $ 3,680 | $ 3,555 | $ 3,130 | $ 2,705 |
Allowance for Loan and Lease Losses, Net Changes In Unfunded Commitments and Letters Of Credit Allowance | 275 | (75) | 825 | 775 |
Ending balance | $ 3,955 | $ 3,480 | $ 3,955 | $ 3,480 |
Allowance for Loan and Lease _6
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Analysis of Credit Quality of the Loan Portfolio) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | $ 83,787 | $ 80,150 | $ 75,646 | $ 71,616 | $ 72,984 | $ 70,043 |
Loans, net | 8,430,530 | 8,283,011 | ||||
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,418,381 | 8,245,987 | ||||
Less: allowance for loan and lease losses | 79,770 | 68,739 | ||||
Loans, net | 8,338,611 | 8,177,248 | ||||
Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 102,781 | 120,758 | ||||
Acquisition Accounting Valuation Discount on Purchased Credit Impaired Loans | 6,845 | 8,088 | ||||
Less: allowance for loan and lease losses | 4,017 | 6,907 | ||||
Loans, net | 91,919 | 105,763 | ||||
Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,085,970 | 7,926,539 | ||||
Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 98,991 | 117,307 | ||||
Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 134,098 | 95,551 | ||||
Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 349 | ||||
Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 198,313 | 223,897 | ||||
Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,790 | 3,102 | ||||
Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Secured Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 43,182 | 40,350 | 29,341 | 37,758 | 39,539 | 36,050 |
Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,420,311 | 3,235,661 | ||||
Secured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,679 | 12,641 | ||||
Secured Loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,202,147 | 3,049,031 | ||||
Secured Loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,732 | 11,918 | ||||
Secured Loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 83,986 | 64,600 | ||||
Secured Loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Secured Loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 134,178 | 122,030 | ||||
Secured Loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 947 | 723 | ||||
Secured Loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Secured Loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Secured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Secured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unsecured Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 2,423 | 2,443 | 2,000 | 987 | 1,147 | 960 |
Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 118,919 | 124,175 | ||||
Unsecured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 924 | 1,112 | ||||
Unsecured Loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 118,885 | 123,621 | ||||
Unsecured Loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 824 | 1,045 | ||||
Unsecured Loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 33 | 0 | ||||
Unsecured Loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unsecured Loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1 | 554 | ||||
Unsecured Loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 100 | 67 | ||||
Unsecured Loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unsecured Loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unsecured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Unsecured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
One-to-Four Family Residential [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 372 | 461 | 701 | 671 | 628 | 599 |
One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 231,311 | 186,554 | ||||
One-to-Four Family Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,243 | 14,610 | ||||
One-to-Four Family Residential [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 229,704 | 183,312 | ||||
One-to-Four Family Residential [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,021 | 13,817 | ||||
One-to-Four Family Residential [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 1,186 | ||||
One-to-Four Family Residential [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
One-to-Four Family Residential [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,607 | 2,056 | ||||
One-to-Four Family Residential [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 222 | 793 | ||||
One-to-Four Family Residential [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
One-to-Four Family Residential [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
One-to-Four Family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
One-to-Four Family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Commercial Land [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 3,199 | 3,278 | 4,265 | 2,304 | 2,356 | 1,797 |
Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 281,238 | 295,981 | ||||
Commercial Land [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,583 | 9,809 | ||||
Commercial Land [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 272,838 | 283,673 | ||||
Commercial Land [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,583 | 9,460 | ||||
Commercial Land [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,423 | 5,204 | ||||
Commercial Land [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 349 | ||||
Commercial Land [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,977 | 7,104 | ||||
Commercial Land [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Commercial Land [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Commercial Land [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Commercial Land [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Commercial Land [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 4,012 | 4,102 | 5,672 | 7,104 | 6,854 | 7,342 |
Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,887,690 | 1,906,336 | ||||
Income Property Multifamily [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 22,342 | 26,016 | ||||
Income Property Multifamily [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,857,338 | 1,857,832 | ||||
Income Property Multifamily [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 20,444 | 25,981 | ||||
Income Property Multifamily [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 19,474 | 17,181 | ||||
Income Property Multifamily [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 10,878 | 31,323 | ||||
Income Property Multifamily [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,898 | 35 | ||||
Income Property Multifamily [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 4,675 | 4,356 | 5,459 | 6,822 | 6,512 | 6,439 |
Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,597,269 | 1,599,986 | ||||
Owner Occupied [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 37,419 | 43,386 | ||||
Owner Occupied [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,532,093 | 1,546,775 | ||||
Owner Occupied [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 37,042 | 42,617 | ||||
Owner Occupied [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 27,182 | 7,380 | ||||
Owner Occupied [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 37,994 | 45,831 | ||||
Owner Occupied [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 377 | 769 | ||||
Owner Occupied [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 688 | 848 | 963 | 292 | 361 | 316 |
Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 5,963 | 9,907 | ||||
Land And Acquisition [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 159 | 177 | ||||
Land And Acquisition [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 5,645 | 9,882 | ||||
Land And Acquisition [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 155 | 169 | ||||
Land And Acquisition [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 318 | 25 | ||||
Land And Acquisition [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 4 | 8 | ||||
Land And Acquisition [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Land And Acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 5,233 | 4,572 | 3,709 | 1,111 | 1,377 | 669 |
Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 204,628 | 189,691 | ||||
Residential Construction [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 204,628 | 187,863 | ||||
Residential Construction [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 1,828 | ||||
Residential Construction [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Residential Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 7,940 | 7,367 | 7,053 | 1,264 | 985 | 404 |
Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 253,636 | 293,028 | ||||
Income Property Multifamily Construction [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 552 | 595 | ||||
Income Property Multifamily Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 253,636 | 293,028 | ||||
Income Property Multifamily Construction [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 552 | 595 | ||||
Income Property Multifamily Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Income Property Multifamily Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 2,437 | 2,299 | 4,413 | 1,295 | 1,382 | 1,192 |
Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 90,511 | 72,443 | ||||
Owner Occupied Construction [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 86,461 | 68,393 | ||||
Owner Occupied Construction [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,050 | 4,050 | ||||
Owner Occupied Construction [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: allowance for loan and lease losses | 5,023 | $ 5,292 | 5,163 | $ 3,673 | $ 3,551 | $ 3,534 |
Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 326,905 | 332,225 | ||||
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,880 | 12,412 | ||||
Consumer Portfolio Segment [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 322,595 | 323,129 | ||||
Consumer Portfolio Segment [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,638 | 11,705 | ||||
Consumer Portfolio Segment [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,310 | 9,096 | ||||
Consumer Portfolio Segment [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 242 | 707 | ||||
Consumer Portfolio Segment [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | $ 0 | $ 0 |
Other Real Estate Owned (Summar
Other Real Estate Owned (Summary of Other Real Estate Owned) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Other Real Estate Owned [Line Items] | ||||
Balance, beginning of period | $ 7,080 | $ 4,058 | $ 13,298 | $ 5,998 |
Transfers in | 794 | 74 | 1,200 | 74 |
Valuation adjustments | (495) | (138) | (697) | (364) |
Proceeds from Sale of OREO Property | 47 | 182 | 5,868 | 1,901 |
Loss on sale of OREO, net | (1) | (130) | (602) | (125) |
Total OREO, end of period | 7,331 | $ 3,682 | 7,331 | $ 3,682 |
Mortgage Loans in Process of Foreclosure, Amount | 736 | 736 | ||
One-to-Four Family Residential [Member] | ||||
Other Real Estate Owned [Line Items] | ||||
Total OREO, end of period | $ 60 | $ 60 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |||
Goodwill and Intangible Assets [Roll Forward] | ||||||||||
Total goodwill, beginning of period | $ 765,842 | |||||||||
Total goodwill, end of period | $ 765,842 | [1] | $ 382,762 | 765,842 | [1] | $ 382,762 | ||||
CDI current period amortization | (3,070) | (1,188) | (9,346) | (3,786) | ||||||
Indefinite-lived Intangible Assets (Excluding Goodwill) | 919 | 919 | 919 | 919 | ||||||
Other intangible assets, net | 48,827 | 13,845 | 48,827 | 13,845 | $ 58,173 | |||||
Total goodwill and intangible assets, end of period | 814,669 | 396,607 | $ 814,669 | 396,607 | ||||||
Core Deposits [Member] | ||||||||||
Goodwill and Intangible Assets [Line Items] | ||||||||||
Estimated life of CDI, in years | 10 years | |||||||||
Goodwill and Intangible Assets [Roll Forward] | ||||||||||
Gross core deposit intangible balance, beginning of period | $ 105,473 | 105,473 | $ 58,598 | $ 58,598 | ||||||
Accumulated amortization at beginning of period | $ (54,495) | $ (48,219) | $ (44,484) | $ (41,886) | ||||||
Core deposit intangible, net, beginning of period | 50,978 | 14,114 | $ 57,254 | 16,712 | ||||||
CDI current period amortization | (3,070) | (1,188) | (9,346) | (3,786) | ||||||
Total core deposit intangible, end of period | $ 47,908 | $ 12,926 | $ 47,908 | $ 12,926 | ||||||
[1] | See Note 3, “Business Combinations,” for additional information regarding goodwill and intangible assets recorded related to the acquisition of Pacific Continental on November 1, 2017. |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets (Estimated Future Amortization Expense of Core Deposit Intangibles) (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Future Amortization Expense For Core Deposit Intangibles | |
2,018 | $ 2,890 |
2,019 | 10,479 |
2,020 | 8,724 |
2,021 | 7,264 |
2,022 | $ 5,880 |
Subordinated debentures (Detail
Subordinated debentures (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2018 | Nov. 01, 2017 | |
Subordinated Borrowing [Line Items] | ||
Subordinated Borrowing, Interest Rate | 5.875% | |
Debt Instrument, Interest Rate Terms | 471.5 | |
Pacific Continental [Member] | ||
Subordinated Borrowing [Line Items] | ||
Business Combination, Purchase Price Allocation, Subordinated Debt | $ 35 |
Junior subordinated debt (Detai
Junior subordinated debt (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Nov. 01, 2017 | |
junior subordinated debentures [Line Items] | ||||
Junior Subordinated Notes | $ 0 | $ 8,248 | ||
Repayments of junior subordinated debt | $ 8,248 | $ 0 | $ 6,200 | |
Pacific Continental [Member] | ||||
junior subordinated debentures [Line Items] | ||||
Business Combination, Purchase Price Allocation, Junior Subordinated Debentures | $ 14,434 |
Derivatives and Balance Sheet_3
Derivatives and Balance Sheet Offsetting (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Derivative [Line Items] | |||||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 1 | $ 6 | $ 9 | $ 12 | |
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 62,197 | 62,197 | |||
Secured Borrowings, Gross, Difference, Amount | 0 | 0 | |||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Derivative [Line Items] | |||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 62,197 | 62,197 | |||
Maturity Overnight [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Derivative [Line Items] | |||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 62,197 | 62,197 | |||
Maturity Less than 30 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Derivative [Line Items] | |||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | 0 | |||
Maturity 30 to 90 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Derivative [Line Items] | |||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | 0 | |||
Maturity Greater than 90 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Derivative [Line Items] | |||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | 0 | |||
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | |||||
Derivative [Line Items] | |||||
Derivative, Notional Amount | 368,100 | 368,100 | $ 384,700 | ||
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Contracts [Member] | |||||
Derivative [Line Items] | |||||
Fair value of asset derivative instruments | 10,479 | 10,479 | 6,707 | ||
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Contracts [Member] | |||||
Derivative [Line Items] | |||||
Fair value of liability derivative instruments | $ 10,478 | $ 10,478 | $ 6,714 |
Derivatives and Balance Sheet_4
Derivatives and Balance Sheet Offsetting Balance Sheet Offsetting (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Balance Sheet Offsetting [Line Items] | ||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | $ 62,197 | |
Repurchase agreements, amounts offset in balance sheet | 0 | $ 0 |
Repurchase agreements, net amount presented in statement of financial position | 62,197 | 79,059 |
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities | (62,197) | (79,059) |
Securities sold under agreements to repurchase, amount not offset | 0 | 0 |
Interest Rate Contracts [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | 0 |
Derivative Asset | 10,479 | 6,707 |
Derivative, Collateral, Obligation to Return Securities | 0 | 0 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 10,479 | 6,707 |
Derivative Liability, Gross Amounts Offset in Balance Sheets | 0 | 0 |
Derivative Liability | 10,478 | 6,714 |
Derivative, Collateral, Right to Reclaim Securities | (9,595) | (6,714) |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 883 | 0 |
Available-for-sale Securities [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Securities Sold under Agreements to Repurchase, Gross | 62,197 | 79,059 |
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Assets [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Fair value of asset derivative instruments | 10,479 | 6,707 |
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Liabilities [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Fair value of liability derivative instruments | 10,478 | $ 6,714 |
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 62,197 | |
Maturity Overnight [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Balance Sheet Offsetting [Line Items] | ||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | $ 62,197 |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Commitments to Extend Credit [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $ 2,500,000 | $ 2,620,000 |
Standby Letters of Credit [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 41,800 | 51,300 |
Commercial Letter of Credit and other off-balance sheet liabilities [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $ 104 | $ 159 |
Shareholders' Equity (Details)
Shareholders' Equity (Details) - $ / shares | Oct. 25, 2018 | Jul. 25, 2018 | Apr. 25, 2018 | Jan. 25, 2018 |
Subsequent Event [Line Items] | ||||
Declared quarterly cash dividend | $ 0.26 | $ 0.26 | $ 0.22 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Common Stock, Special Cash Dividends, Per Share, Declared | $ 0.14 | |||
Declared quarterly cash dividend | $ 0.26 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Changes in AOCI by Component) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Beginning balance | $ (55,921) | $ (6,528) | $ (22,225) | $ (18,999) | ||
Other comprehensive loss before reclassifications | [1] | (14,149) | 549 | (48,043) | 12,888 | |
Amounts reclassified from accumulated other comprehensive loss | [1] | 61 | 46 | 102 | 178 | |
Net current-period other comprehensive income (loss) | [1] | (14,088) | 595 | (47,941) | 13,066 | |
Ending balance | (70,009) | (5,933) | (70,009) | (5,933) | ||
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Beginning balance | (53,597) | (4,969) | (19,779) | (12,704) | ||
Other comprehensive loss before reclassifications | [1] | (14,149) | 549 | (48,043) | 8,284 | |
Amounts reclassified from accumulated other comprehensive loss | [1] | 0 | 0 | (81) | 0 | |
Net current-period other comprehensive income (loss) | [1] | (14,149) | 549 | (48,124) | 8,284 | |
Ending balance | (67,746) | (4,420) | (67,746) | (4,420) | ||
Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Beginning balance | (2,324) | (1,559) | (2,446) | (6,295) | ||
Other comprehensive loss before reclassifications | [1] | 0 | 0 | 0 | 4,604 | |
Amounts reclassified from accumulated other comprehensive loss | [1] | 61 | 46 | 183 | 178 | |
Net current-period other comprehensive income (loss) | [1] | 61 | 46 | 183 | 4,782 | |
Ending balance | $ (2,263) | $ (1,513) | $ (2,263) | $ (1,513) | ||
Accounting Standards Update 2016-01 [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0 | |||||
Accounting Standards Update 2016-01 [Member] | Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 157 | |||||
Accounting Standards Update 2016-01 [Member] | Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | |||||
Accounting Standards Update 2016-01 [Member] | Accumulated Other Comprehensive Income [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 157 | |||||
[1] | All amounts are net of tax. Amounts in parenthesis indicate debits. |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Reclassification out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Investment securities gains, net | $ (73) | $ 0 | ||
Compensation and employee benefits | $ 49,419 | $ 39,983 | 148,938 | 119,201 |
Total before tax | 57,821 | 59,107 | 156,354 | 137,132 |
Income tax provision | (11,406) | (18,338) | (28,220) | (40,032) |
Net income | 46,415 | 40,769 | 128,134 | 97,100 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Investment securities gains, net | 0 | 0 | 106 | 0 |
Total before tax | 0 | 0 | 106 | 0 |
Income tax provision | 0 | 0 | (25) | 0 |
Net income | 0 | 0 | 81 | 0 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Compensation and employee benefits | (80) | (72) | (239) | (279) |
Total before tax | (80) | (72) | (239) | (279) |
Income tax provision | 19 | 26 | 56 | 101 |
Net income | $ (61) | $ (46) | $ (183) | $ (178) |
Fair Value Accounting and Mea_3
Fair Value Accounting and Measurement (Financial Assets And Liabilities Accounted for Fair Value On Recurring Basis) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities, FV-NI | $ 4,901 | $ 5,080 |
Fair Value, Level 2 to level 1 Transfers, Amount | 0 | |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 2,921,114 | 2,737,751 |
Equity Securities, FV-NI | 4,901 | 5,080 |
Other assets (Interest rate contracts) | 10,479 | 6,707 |
Other liabilities (Interest rate contracts) | 10,478 | 6,714 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 247 | 248 |
Equity Securities, FV-NI | 4,901 | 5,080 |
Other assets (Interest rate contracts) | 0 | 0 |
Other liabilities (Interest rate contracts) | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 2,920,867 | 2,737,503 |
Equity Securities, FV-NI | 0 | 0 |
Other assets (Interest rate contracts) | 10,479 | 6,707 |
Other liabilities (Interest rate contracts) | 10,478 | 6,714 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Equity Securities, FV-NI | 0 | 0 |
Other assets (Interest rate contracts) | 0 | 0 |
Other liabilities (Interest rate contracts) | 0 | 0 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,928,832 | 1,726,725 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,928,832 | 1,726,725 |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
State and Municipal Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 567,818 | 596,004 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 567,818 | 596,004 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 424,217 | 414,774 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 424,217 | 414,774 |
U.S. Government Agency [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
US Government Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 247 | 248 |
US Government Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 247 | 248 |
US Government Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
US Government Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 0 | $ 0 |
Fair Value Accounting and Mea_4
Fair Value Accounting and Measurement (Financial Assets Accounted For Fair Value On Nonrecurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | $ 14,616 | $ 843 | $ 14,616 | $ 843 |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | 1,653 | 308 | 1,653 | 308 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 625 | 1,240 | 625 |
Assets, Fair Value Disclosure | 15,856 | 1,468 | 15,856 | 1,468 |
Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | 0 | 0 | 0 | 0 |
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | 0 | 0 | 0 | 0 |
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | 14,616 | 843 | 14,616 | 843 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 625 | 1,240 | 625 |
Assets, Fair Value Disclosure | 15,856 | 1,468 | 15,856 | 1,468 |
Impaired Loans [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | 1,208 | 170 | 1,208 | 170 |
Other Real Estate Owned [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ 445 | $ 138 | $ 445 | $ 138 |
Fair Value Accounting and Mea_5
Fair Value Accounting and Measurement (Quantitative Information About Level 3 Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring [Member] $ in Thousands | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) |
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | $ 14,616 | $ 843 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 625 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | 14,616 | 843 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 625 |
Collateral Pledged [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | $ 14,616 | 715 |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0 | |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0.5451 | |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0.0666 | |
Uncollateralized [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | $ 128 | |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0 | |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0 | |
Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0.0775 |
Fair Value Accounting and Mea_6
Fair Value Accounting and Measurement (Carrying Amounts and Estimated Fair Values of Selected Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Interest-earning deposits with banks | $ 21,456 | $ 97,918 |
Debt Securities, Available-for-sale | 2,921,114 | 2,737,751 |
Equity Securities, FV-NI | 4,901 | 5,080 |
Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 220,706 | 244,615 |
Interest-earning deposits with banks | 21,456 | 97,918 |
Debt Securities, Available-for-sale | 2,921,114 | 2,737,751 |
Equity Securities, FV-NI | 4,901 | 5,080 |
FHLB stock | 16,640 | 10,440 |
Loans held for sale | 5,275 | 5,766 |
Loans | 8,425,433 | 8,055,817 |
Interest rate contracts | 10,479 | 6,707 |
Liabilities | ||
Deposits | 423,165 | 483,095 |
FHLB Advances | 166,999 | 12,281 |
Repurchase agreements | 62,197 | 79,070 |
Interest rate contracts | 10,478 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,001 | 35,895 |
Junior subordinated debentures, fair value disclosure | 8,248 | |
Reported Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 220,706 | 244,615 |
Interest-earning deposits with banks | 21,456 | 97,918 |
Debt Securities, Available-for-sale | 2,921,114 | 2,737,751 |
Equity Securities, FV-NI | 4,901 | 5,080 |
FHLB stock | 16,640 | 10,440 |
Loans held for sale | 5,275 | 5,766 |
Loans | 8,430,530 | 8,283,011 |
Interest rate contracts | 10,479 | 6,707 |
Liabilities | ||
Deposits | 431,496 | 491,045 |
FHLB Advances | 166,536 | 11,579 |
Repurchase agreements | 62,197 | 79,059 |
Interest rate contracts | 10,478 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,508 | 35,647 |
Junior subordinated debentures, fair value disclosure | 8,248 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 220,706 | 244,615 |
Interest-earning deposits with banks | 21,456 | 97,918 |
Debt Securities, Available-for-sale | 247 | 248 |
Equity Securities, FV-NI | 4,901 | 5,080 |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 0 | 0 |
Interest rate contracts | 0 | 0 |
Liabilities | ||
Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Interest rate contracts | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Junior subordinated debentures, fair value disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits with banks | 0 | 0 |
Debt Securities, Available-for-sale | 2,920,867 | 2,737,503 |
Equity Securities, FV-NI | 0 | 0 |
FHLB stock | 16,640 | 10,440 |
Loans held for sale | 5,275 | 5,766 |
Loans | 0 | 0 |
Interest rate contracts | 10,479 | 6,707 |
Liabilities | ||
Deposits | 423,165 | 483,095 |
FHLB Advances | 166,999 | 12,281 |
Repurchase agreements | 62,197 | 79,070 |
Interest rate contracts | 10,478 | 6,714 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,001 | 35,895 |
Junior subordinated debentures, fair value disclosure | 8,248 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 0 | 0 |
Interest-earning deposits with banks | 0 | 0 |
Debt Securities, Available-for-sale | 0 | 0 |
Equity Securities, FV-NI | 0 | 0 |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 8,425,433 | 8,055,817 |
Interest rate contracts | 0 | 0 |
Liabilities | ||
Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Interest rate contracts | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | $ 0 | 0 |
Junior subordinated debentures, fair value disclosure | $ 0 |
Earnings per Common Share (Deta
Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||||
Net Income | $ 46,415 | $ 40,769 | $ 128,134 | $ 97,100 |
Earnings allocated to participating securities - preferred shares | 0 | 0 | 0 | 4 |
Earnings allocated to participating securities - nonvested restricted shares | 504 | 558 | 1,413 | 1,325 |
Earnings allocated to common shareholders, Basic | $ 45,911 | $ 40,211 | $ 126,721 | $ 95,771 |
Weighted average common shares outstanding | 72,427 | 57,566 | 72,370 | 57,459 |
Basic earnings per common share | $ 0.63 | $ 0.70 | $ 1.75 | $ 1.67 |
Earnings allocated to common shareholders, Diluted | $ 45,911 | $ 40,211 | $ 126,721 | $ 95,771 |
Dilutive effect of equity awards and warrants | 5 | 5 | 4 | 6 |
Weighted average diluted common shares outstanding | 72,432 | 57,571 | 72,374 | 57,465 |
Diluted earnings per common share | $ 0.63 | $ 0.70 | $ 1.75 | $ 1.67 |
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. | 0 | 12 | 5 | 13 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Revenue from Contract with Customer [Abstract] | ||||
Deposit account and treasury management fees | $ 9,266 | $ 7,685 | $ 26,689 | $ 22,368 |
Card revenue | 3,714 | 6,735 | 16,143 | 18,660 |
Financial services and trust revenue | 2,975 | 2,645 | 8,924 | 8,520 |
Loan revenue | 3,282 | 3,154 | 9,522 | 9,736 |
Revenue from contracts with customers | 15,955 | 51,756 | ||
Noninterest income, excluding revenue from contracts with customers | 5,064 | 16,098 | ||
Noninterest Income | $ 21,019 | $ 37,067 | $ 67,854 | $ 86,061 |