Document
Document - shares | 9 Months Ended | |
Sep. 30, 2019 | Oct. 31, 2019 | |
Entity Information [Line Items] | ||
Entity Emerging Growth Company | false | |
Entity Address, City or Town | Tacoma | |
Entity Address, State or Province | WA | |
Entity Address, Postal Zip Code | 98402-2156 | |
City Area Code | 253 | |
Security Exchange Name | NASDAQ | |
Entity Small Business | false | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Entity Central Index Key | 0000887343 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 72,136,242 | |
Entity Address, Address Line One | 1301 A Street | |
Document Type | 10-Q | |
Trading Symbol | COLB | |
Entity Current Reporting Status | Yes | |
Entity Registrant Name | COLUMBIA BANKING SYSTEM, INC. | |
Entity Interactive Data Current | Yes | |
Local Phone Number | 305-1900 | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2019 | |
Entity File Number | 0-20288 | |
Entity Tax Identification Number | 91-1422237 | |
Entity Incorporation, State or Country Code | WA | |
Title of 12(b) Security | Common Stock, No Par Value | |
Document Quarterly Report | true | |
Document Transition Report | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and Due from Banks | $ 278,461 | $ 260,180 |
Interest-earning deposits with banks | 20,144 | 17,407 |
Total cash and cash equivalents | 298,605 | 277,587 |
Debt securities available for sale at fair value | 3,367,572 | 3,167,448 |
FHLB stock at cost | 29,680 | 25,960 |
Loans held for sale | 15,036 | 3,849 |
Loans, net of unearned income | 8,756,355 | 8,391,511 |
Less: ALLL | 82,660 | 83,369 |
Loans, net | 8,673,695 | 8,308,142 |
Interest receivable | 48,503 | 45,323 |
Premises and equipment, net | 165,431 | 168,788 |
OREO | 625 | 6,019 |
Goodwill | 765,842 | 765,842 |
Other intangible assets, net | 37,908 | 45,937 |
Other assets | 354,863 | 280,250 |
Total assets | 13,757,760 | 13,095,145 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 5,320,435 | 5,227,216 |
Interest-bearing | 5,535,281 | 5,230,910 |
Total deposits | 10,855,716 | 10,458,126 |
FHLB advances | 492,482 | 399,523 |
Securities sold under agreements to repurchase | 24,489 | 61,094 |
Subordinated debentures | 35,323 | 35,462 |
Other liabilities | 188,173 | 107,291 |
Total liabilities | 11,596,183 | 11,061,496 |
Commitments and contingent liabilities (Note 11) | ||
Shareholders' equity: | ||
Preferred Stock, Authorized shares | 2,000 | 2,000 |
Common Stock Authorized shares | 115,000 | 115,000 |
Common Stock Shares Issued | 73,588 | 73,249 |
Common Stock Issued value | $ 1,648,335 | $ 1,642,246 |
Common Stock, Shares, Outstanding | 72,288 | 73,249 |
Retained earnings | $ 493,738 | $ 426,708 |
Accumulated other comprehensive income (loss) | $ 64,884 | $ (35,305) |
Treasury Stock, Shares | 1,300 | 0 |
Treasury Stock, Value | $ (45,380) | $ 0 |
Total shareholders’ equity | 2,161,577 | 2,033,649 |
Total liabilities and shareholders’ equity | $ 13,757,760 | $ 13,095,145 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2019 | Dec. 31, 2018 |
Common Stock, No Par Value | $ 0 | $ 0 |
Preferred Stock, No Par Value | $ 0 | $ 0 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||
Interest Income | |||||
Loans | $ 112,656 | $ 109,748 | $ 337,657 | $ 318,187 | |
Taxable securities | 16,457 | 14,654 | 49,790 | 39,285 | |
Tax-exempt securities | 2,556 | 3,069 | 8,237 | 9,196 | |
Deposits in banks | 864 | 104 | 1,159 | 600 | |
Total interest income | 132,533 | 127,575 | 396,843 | 367,268 | |
Interest Expense | |||||
Deposits | 6,863 | 3,193 | 16,337 | 8,274 | |
FHLB advances | 2,569 | 966 | 9,962 | 2,351 | |
Subordinated debentures | 468 | 468 | 1,404 | 1,404 | |
Other borrowings | 183 | 152 | 552 | 288 | |
Total interest expense | 10,083 | 4,779 | 28,255 | 12,317 | |
Net Interest Income | 122,450 | 122,796 | 368,588 | 354,951 | |
Provision for loan and lease losses | 299 | 3,153 | 1,879 | 12,980 | |
Net interest income after provision for loan and lease losses | 122,151 | 119,643 | 366,709 | 341,971 | |
Noninterest Income | |||||
Deposit account and treasury management fees | 9,015 | 9,266 | 27,030 | 26,689 | |
Card revenue | 4,006 | 3,714 | 11,431 | 16,143 | |
Financial services and trust revenue | 3,226 | 2,975 | 9,608 | 8,924 | |
Loan revenue | 3,855 | 3,282 | 9,840 | 9,522 | |
Bank owned life insurance | 1,528 | 1,402 | 4,644 | 4,540 | |
Investment securities gains (losses), net | 0 | (62) | 2,132 | (73) | |
Other | 6,400 | 442 | 10,689 | 2,109 | |
Total noninterest income | 28,030 | 21,019 | 75,374 | 67,854 | |
Noninterest Expense | |||||
Compensation and employee benefits | 54,459 | 49,419 | 158,559 | 148,938 | |
Occupancy | 8,645 | 8,321 | 26,166 | 27,718 | |
Data processing | 5,102 | 4,466 | 14,372 | 14,957 | |
Legal and professional fees | 5,683 | 4,695 | 16,810 | 12,103 | |
Amortization of intangibles | 2,632 | 3,070 | 8,029 | 9,346 | |
B&O taxes (1) | [1] | 1,325 | 1,478 | 4,612 | 4,254 |
Advertising and promotion | 1,752 | 1,472 | 3,596 | 4,523 | |
Regulatory premiums | (38) | 904 | 1,902 | 2,778 | |
Net cost (benefit) of operation of OREO | (90) | 485 | (682) | 1,244 | |
Other (1) | [1] | 7,606 | 8,531 | 25,140 | 27,610 |
Total noninterest expense | 87,076 | 82,841 | 258,504 | 253,471 | |
Income before income taxes | 63,105 | 57,821 | 183,579 | 156,354 | |
Income tax provision | 12,378 | 11,406 | 35,257 | 28,220 | |
Net Income | $ 50,727 | $ 46,415 | $ 148,322 | $ 128,134 | |
Earnings per common share | |||||
Basic | $ 0.70 | $ 0.63 | $ 2.04 | $ 1.75 | |
Diluted | $ 0.70 | $ 0.63 | $ 2.04 | $ 1.75 | |
Weighted average number of common shares outstanding | 71,803 | 72,427 | 72,256 | 72,370 | |
Weighted average number of diluted common shares outstanding | 71,803 | 72,432 | 72,257 | 72,374 | |
[1] | Beginning the first quarter of 2019, B&O taxes are reported separately from other taxes, licenses and fees, which are now reported under “other noninterest expense.” Prior periods have been reclassified to conform to current period presentation. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||
Net income | $ 50,727 | $ 46,415 | $ 148,322 | $ 128,134 | |
Unrealized gain (loss) from securities | |||||
Net unrealized holding gain (loss) from available for sale debt securities arising during the period, net of tax | 14,593 | (14,149) | 86,519 | (48,043) | |
Reclassification adjustment of net (gain) loss from sale of available for sale debt securities included in income, net of tax | (1,636) | (81) | |||
Net unrealized gain (loss) from securities, net of reclassification adjustment | 14,593 | (14,149) | 84,883 | (48,124) | |
Pension plan liability adjustment: | |||||
Amortization of unrecognized net actuarial loss included in net periodic pension cost, net of tax | 62 | 61 | 184 | 183 | |
Pension plan liability adjustment, net | 62 | 61 | 184 | 183 | |
Unrealized gain (loss) from cash flow hedging instruments | |||||
Net unrealized gain in cash flow hedging instruments arising during the period, net of tax | 3,137 | 0 | 15,180 | 0 | |
Reclassification adjustment from net gain in cash flow hedging instruments included in income, net of tax | (58) | 0 | (58) | 0 | |
Net unrealized gain from cash flow hedging instruments, net of reclassification adjustment | 3,079 | 0 | 15,122 | 0 | |
Other Comprehensive Income (Loss) | [1] | 17,734 | (14,088) | 100,189 | (47,941) |
Total comprehensive income | $ 68,461 | $ 32,327 | $ 248,511 | $ 80,193 | |
[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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net unrealized holding gain (loss) from available for sale securities arising during the period, tax | $ (4,421) | $ 4,286 | $ (26,209) | $ 14,554 |
Reclassification adjustment of net gain from sale of available for sale securities included in income, tax | 0 | 0 | 496 | 25 |
Less: amortization of unrecognized net actuarial loss included in net periodic pension cost, tax | (19) | (19) | (56) | (56) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | (951) | 0 | (4,599) | 0 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | $ 18 | $ 0 | $ 18 | $ 0 |
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] | Treasury Stock [Member] |
Shares, Outstanding | 73,020 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01 [Member] | $ 0 | $ (157) | $ 157 | ||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.74 | ||||
Balance, value at Dec. 31, 2017 | $ 1,949,922 | $ 1,634,705 | 337,442 | (22,225) | |
Net income | 128,134 | 128,134 | |||
Other comprehensive income (loss) | (47,941) | (47,941) | |||
Issuance of common stock - stock option and other plans, shares | 45 | ||||
Issuance of common stock - stock option and other plans, value | $ 1,857 | $ 1,857 | |||
Stock Adjustment Deferred Compensation - Shares | 0 | ||||
Stock Adjustment Value Deferred Compensation | $ 7 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 257 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 6,231 | $ 6,231 | |||
Stock Repurchased During Period, Shares | (62) | ||||
Stock Repurchased and Retired During Period, Value | (2,660) | $ (2,660) | |||
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 |
Shares, Outstanding | 73,245 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.26 | ||||
Balance, value at Jun. 30, 2018 | $ 1,964,881 | $ 1,636,903 | 383,899 | (55,921) | |
Net income | 46,415 | 46,415 | |||
Other comprehensive income (loss) | (14,088) | (14,088) | |||
Issuance of common stock - stock option and other plans, shares | 26 | ||||
Issuance of common stock - stock option and other plans, value | $ 1,121 | $ 1,121 | |||
Stock Adjustment Deferred Compensation - Shares | 0 | ||||
Stock Adjustment Value Deferred Compensation | $ 1 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | (11) | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 2,148 | $ 2,148 | |||
Stock Repurchased During Period, Shares | 0 | ||||
Stock Repurchased and Retired During Period, Value | (33) | $ (33) | |||
Cash dividends paid on common stock | (19,050) | (19,050) | |||
Balance, value at Sep. 30, 2018 | $ 1,981,395 | $ 1,640,140 | 411,264 | (70,009) | 0 |
Shares, Outstanding | 73,260 | ||||
Shares, Outstanding | 73,249 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-02 [Member] | 782 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 1.12 | ||||
Balance, value at Dec. 31, 2018 | $ 2,033,649 | $ 1,642,246 | 426,708 | (35,305) | 0 |
Net income | 148,322 | 148,322 | |||
Other comprehensive income (loss) | 100,189 | 100,189 | |||
Issuance of common stock - stock option and other plans, shares | 58 | ||||
Issuance of common stock - stock option and other plans, value | 2,025 | $ 2,025 | |||
Stock Adjustment Deferred Compensation - Shares | 0 | ||||
Stock Adjustment Value Deferred Compensation | 2 | $ 2 | |||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 354 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 6,827 | $ 6,827 | |||
Stock Repurchased During Period, Shares | (73) | ||||
Stock Repurchased and Retired During Period, Value | (2,765) | $ (2,765) | |||
Cash dividends paid on common stock | $ (82,074) | (82,074) | |||
Treasury Stock, Shares, Acquired | (1,300) | (1,300) | |||
Treasury Stock, Value, Acquired, Cost Method | $ (45,380) | (45,380) | |||
Balance, value at Sep. 30, 2019 | $ 2,161,577 | $ 1,648,335 | 493,738 | 64,884 | (45,380) |
Shares, Outstanding | 72,924 | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.28 | ||||
Balance, value at Jun. 30, 2019 | $ 2,133,638 | $ 1,644,922 | 463,429 | 47,150 | (21,863) |
Net income | 50,727 | 50,727 | |||
Other comprehensive income (loss) | 17,734 | 17,734 | |||
Issuance of common stock - stock option and other plans, shares | 31 | ||||
Issuance of common stock - stock option and other plans, value | 1,132 | $ 1,132 | |||
Stock Adjustment Deferred Compensation - Shares | 0 | ||||
Stock Adjustment Value Deferred Compensation | 1 | $ 1 | |||
Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 9 | ||||
Issuance of common stock - restricted stock awards, net of cancelled awards, value | 2,299 | $ 2,299 | |||
Stock Repurchased During Period, Shares | 0 | ||||
Stock Repurchased and Retired During Period, Value | (19) | $ (19) | |||
Cash dividends paid on common stock | $ (20,418) | (20,418) | |||
Treasury Stock, Shares, Acquired | (676) | (676) | |||
Treasury Stock, Value, Acquired, Cost Method | $ (23,517) | 23,517 | |||
Balance, value at Sep. 30, 2019 | $ 2,161,577 | $ 1,648,335 | $ 493,738 | $ 64,884 | $ (45,380) |
Shares, Outstanding | 72,288 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Common Stock, Dividends, Per Share, Cash Paid | $ 0.28 | $ 0.26 | $ 1.12 | $ 0.74 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | ||
Cash Flows From Operating Activities | |||
Net income | $ 148,322 | $ 128,134 | |
Adjustments to reconcile net income to net cash provided by operating activities | |||
Provision for loan and lease losses | 1,879 | 12,980 | |
Stock-based compensation expense | 6,827 | 6,231 | |
Depreciation, amortization and accretion | 26,150 | 25,807 | |
Investment securities (gain) loss, net | 2,132 | (73) | |
Net realized (gain) loss on sale of premises and equipment and loans held for investment | 6,787 | (142) | |
Net realized (gain) loss on sale and valuation adjustments of OREO | 602 | (1,299) | |
Gain on bank owned life insurance death benefit | 2,975 | 0 | |
Originations of loans held for sale | 134,634 | 103,614 | |
Proceeds from sales of loans held for sale | 123,447 | 104,105 | |
Net change in: | |||
Interest receivable | (3,180) | (7,595) | |
Interest payable | 632 | 618 | |
Other assets | (31,840) | (2,599) | |
Other liabilities | 29,706 | 5,662 | |
Net cash provided by operating activities | 154,813 | 171,243 | |
Cash Flows From Investing Activities | |||
Loans originated, net of principal collected (1) | (305,581) | (121,413) | [1] |
Purchases of debt securities available for sale | (649,133) | (606,052) | |
Purchases of loans held for investment (1) | (57,075) | (46,969) | [1] |
Purchases of premises and equipment | (5,833) | (8,253) | |
Payments to Acquire Federal Home Loan Bank Stock | (190,800) | (136,120) | |
Proceeds from sales of debt securities available for sale | 259,554 | 32,330 | |
Proceeds from principal repayments and maturities of debt securities available for sale | 287,479 | 311,956 | |
Proceeds from Sales of Assets, Investing Activities | 7,735 | 14,956 | |
Proceeds from redemption of Federal Home Loan Bank Stock | 187,080 | 129,920 | |
Proceeds from sales of other real estate and other personal property owned | 6,433 | 5,868 | |
Proceeds from Life Insurance Policy | 0 | 5,074 | |
Net cash used in investing activities | (460,141) | (418,703) | |
Cash Flows From Financing Activities | |||
Net increase in deposits | 397,893 | 72,151 | |
Net increase (decrease) in sweep repurchase agreements (2) | (36,605) | 8,138 | [2] |
Proceeds from Federal Home Loan Bank advances | 4,770,000 | 3,403,000 | |
Proceeds from FRB borrowings | 36,000 | 5,010 | |
Proceeds from Other Debt | 100 | 0 | |
Proceeds from exercise of stock options | 2,025 | 1,857 | |
Repayment of Federal Home Loan Bank advances | (4,677,000) | (3,248,000) | |
Repayment of FRB borrowings | 36,000 | 5,010 | |
Repayments of Other Debt | (100) | 0 | |
Repayments of junior subordinated debt | 0 | 8,248 | |
Repayment of term repurchase agreement (2) | 0 | (25,000) | [2] |
Payment of common stock dividends | (81,822) | (54,149) | |
Purchase and retirement of common stock | (45,380) | 0 | |
Payment, Tax Withholding, Share-based Payment Arrangement | 2,765 | 2,660 | |
Net cash provided by financing activities | 326,346 | 147,089 | |
Increase (decrease) in cash and cash equivalents | 21,018 | (100,371) | |
Cash and cash equivalents at beginning of period | 277,587 | 342,533 | |
Cash and cash equivalents at end of period | 298,605 | 242,162 | |
Supplemental Information: | |||
Cash paid for interest | 27,623 | 11,699 | |
Cash paid for income tax | 33,134 | 12,768 | |
Non-cash investing and financing activities | |||
Loans transferred to other real estate owned | 386 | 1,200 | |
Premises and equipment expenditures incurred but not yet paid | 152 | 464 | |
Change in dividends payable on unvested shares | $ 252 | $ 6 | |
[1] | Revised from amounts previously reported to correct an immaterial misclassification of $47.0 million of purchases of loans held for investment within loans originated, net of principal collected, for the nine months ended September 30, 2018. There were no changes to net cash flows from operating, investing or financing activities as a result of this change. | ||
[2] | Revised from amounts previously reported to correct an immaterial misclassification of a $25.0 million repayment of the term repurchase agreement within net increase (decrease) in sweep repurchase agreements for the nine months ended September 30, 2018. There were no changes to net cash flows from operating, investing or financing activities as a result of this change. |
Basis of Presentation and Signi
Basis of Presentation and Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 are not necessarily indicative of results to be anticipated for the year ending December 31, 2019 . The accompanying interim unaudited Consolidated Financial Statements should be read in conjunction with the financial statements and related notes contained in the Company’s 2018 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 2018 Annual Report on Form 10-K. There have not been any changes in our significant accounting policies compared to those contained in our 2018 Form 10-K disclosure for the year ended December 31, 2018 . 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 | 9 Months Ended |
Sep. 30, 2019 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncements and Changes in Accounting Principles adopted | Accounting Standards Adopted in 2019 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. The new lease model differs from the old lease accounting model, as the old model 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. The Company adopted the new standard effective January 1, 2019 utilizing the transition method allowed under ASU 2018-11 and did not restate comparative periods. The Company elected the package of practical expedients permitted under the transition guidance, which allowed us to carryforward our historical lease classifications and our assessment on whether a contract is or contains a lease. We also elected to keep leases with an initial term of 12 months or less off the balance sheet. The adoption of the new standard resulted in an increase in other assets and an increase in other liabilities of $49.2 million and $48.2 million , respectively. The Company recognized a cumulative effect adjustment of $782 thousand to increase the beginning balance of retained earnings related to previous deferred gains on sale-leaseback transactions. In August 2018, the FASB issued 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 ASC 350 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 amendments can be adopted on a prospective or retrospective basis. The Company adopted the new standard effective July 1, 2019 on a prospective basis. The adoption of the new standard resulted in an increase in other assets of $920 thousand . |
Accounting Pronouncements Recently Issued not yet adopted | Recently Issued Accounting Standards, Not Yet Adopted In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments . The amendments in this ASU clarify certain aspects of accounting for credit losses, hedging activities, and financial instruments (addressed by ASUs 2016-01, 2016-13, and 2017-12). Many of the amendments reflect decisions reached at FASB meetings or meetings of the Board’s credit losses transition resource group. Topics covered in this ASU include: accrued interest, transfers between classifications or categories for loans and debt securities, recoveries, reinsurance recoverables, projections of interest rate environments for variable-rate financial instruments, costs to sell when foreclosure is probable, consideration of expected prepayments when determining the effective interest rate, vintage disclosures, extension and renewal options, etc. The amendments in ASU 2019-04 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 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. Unlike the incurred loss models in existing GAAP, the 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 change 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. Significant CECL implementation matters that have been completed include identifying, sourcing and storing data, addressing data gaps, defining a reasonable and supportable forecast period and selecting historical loss information. Other significant CECL implementation matters being addressed by the Company include selecting loss estimation methodologies, assessing the impact to internal controls over financial reporting, and capital planning. Upon adoption of the standard on January 1, 2020, the Company expects that, based on current expectations of future economic conditions, its impact on the allowance for credit losses will range from a decrease of 10% to an increase of 5% , with no material impact on capital levels anticipated. The ultimate impact will depend on the characteristics of the Company’s portfolios as well as the macroeconomic conditions and forecasts upon adoption, the ultimate validation of models and methodologies, and other management judgments. |
Securities
Securities | 9 Months Ended |
Sep. 30, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 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, 2019 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 2,432,873 $ 61,024 $ (11,062 ) $ 2,482,835 Other asset-backed securities (1) 166,482 5,149 (53 ) 171,578 State and municipal securities 488,273 9,471 (430 ) 497,314 U.S. government agency and government-sponsored enterprise securities 212,265 3,382 (52 ) 215,595 U.S. government securities 250 — — 250 Total $ 3,300,143 $ 79,026 $ (11,597 ) $ 3,367,572 December 31, 2018 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 2,045,728 $ 8,473 $ (40,846 ) $ 2,013,355 Other asset-backed securities (1) 176,793 763 (2,621 ) 174,935 State and municipal securities 579,755 2,328 (7,760 ) 574,323 U.S. government agency and government-sponsored enterprise securities 408,088 1,235 (4,736 ) 404,587 U.S. government securities 251 — (3 ) 248 Total $ 3,210,615 $ 12,799 $ (55,966 ) $ 3,167,448 __________ (1) Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. 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 September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Proceeds from sales of debt securities available for sale $ — $ — $ 259,554 $ 32,330 Gross realized gains from sales of debt securities available for sale $ — $ — $ 3,357 $ 235 Gross realized losses from sales of debt securities available for sale — — (1,225 ) (129 ) Other securities losses, net (1) — (62 ) — (179 ) Investment securities gains, net $ — $ (62 ) $ 2,132 $ (73 ) __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities for the periods ended September 30, 2018 . There were no sales of equity securities during the periods presented. The scheduled contractual maturities of debt securities available for sale at September 30, 2019 are presented as follows: September 30, 2019 Amortized Cost Fair Value (in thousands) Due within one year $ 112,412 $ 112,594 Due after one year through five years 412,269 416,294 Due after five years through ten years 1,592,778 1,650,631 Due after ten years 1,182,684 1,188,053 Total debt securities available for sale $ 3,300,143 $ 3,367,572 The following table summarizes the carrying value of securities pledged as collateral to secure public funds, borrowings and other purposes as permitted or required by law: September 30, 2019 (in thousands) To secure public funds $ 443,320 To secure borrowings 111,421 Other securities pledged 155,727 Total securities pledged as collateral $ 710,468 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, 2019 and December 31, 2018 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2019 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 478,690 $ (4,017 ) $ 528,228 $ (7,045 ) $ 1,006,918 $ (11,062 ) Other asset-backed securities (1) — — 6,926 (53 ) 6,926 (53 ) State and municipal securities 52,763 (255 ) 23,237 (175 ) 76,000 (430 ) U.S. government agency and government-sponsored enterprise securities — — 57,448 (52 ) 57,448 (52 ) U.S. government securities — — 250 — 250 — Total $ 531,453 $ (4,272 ) $ 616,089 $ (7,325 ) $ 1,147,542 $ (11,597 ) December 31, 2018 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 114,551 $ (750 ) $ 1,207,020 $ (40,096 ) $ 1,321,571 $ (40,846 ) Other asset-backed securities (1) 40,071 (222 ) 94,367 (2,399 ) 134,438 (2,621 ) State and municipal securities 106,292 (581 ) 280,496 (7,179 ) 386,788 (7,760 ) U.S. government agency and government-sponsored enterprise securities 15,392 (45 ) 291,435 (4,691 ) 306,827 (4,736 ) U.S. government securities — — 247 (3 ) 247 (3 ) Total $ 276,306 $ (1,598 ) $ 1,873,565 $ (54,368 ) $ 2,149,871 $ (55,966 ) __________ (1) Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. At September 30, 2019 , there were 211 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations securities in an unrealized loss position, of which 170 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, 2019 . At September 30, 2019 , there were six other asset-backed securities in an unrealized loss position, all of which 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, 2019 . At September 30, 2019 , there were 81 state and municipal government securities in an unrealized loss position, of which 27 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, 2019 , 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, 2019 . At September 30, 2019 , there were seven U.S. government agency and government-sponsored enterprise securities in an unrealized loss position, all of which 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, 2019 . At September 30, 2019 , there was one U.S. government security in an unrealized loss position, which was also in a continuous loss position for more than 12 months. 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, 2019 . |
Loans
Loans | 9 Months Ended |
Sep. 30, 2019 | |
Loans and Leases Receivable, Net Amount [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 PCI 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 PCI loans. The following is an analysis of the loan portfolio by segment (net of unearned income): September 30, 2019 December 31, 2018 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,707,314 $ 9,004 $ 3,716,318 $ 3,438,422 $ 9,240 $ 3,447,662 Real estate: One-to-four family residential 273,079 7,403 280,482 238,367 8,017 246,384 Commercial and multifamily residential 3,975,647 56,702 4,032,349 3,846,027 62,910 3,908,937 Total real estate 4,248,726 64,105 4,312,831 4,084,394 70,927 4,155,321 Real estate construction: One-to-four family residential 195,198 144 195,342 217,790 153 217,943 Commercial and multifamily residential 261,786 486 262,272 284,394 534 284,928 Total real estate construction 456,984 630 457,614 502,184 687 502,871 Consumer 297,009 8,038 305,047 318,945 8,906 327,851 Less: Net unearned income (35,455 ) — (35,455 ) (42,194 ) — (42,194 ) Total loans, net of unearned income 8,674,578 81,777 8,756,355 8,301,751 89,760 8,391,511 Less: ALLL (79,602 ) (3,058 ) (82,660 ) (79,758 ) (3,611 ) (83,369 ) Total loans, net $ 8,594,976 $ 78,719 $ 8,673,695 $ 8,221,993 $ 86,149 $ 8,308,142 Loans held for sale $ 15,036 $ — $ 15,036 $ 3,849 $ — $ 3,849 At September 30, 2019 and December 31, 2018 , 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. At September 30, 2019 and December 31, 2018 , $3.18 billion and $3.22 billion of commercial and residential real estate loans were pledged as collateral on FHLB borrowings and additional borrowing capacity. The Company has also pledged $138.9 million and $82.0 million of commercial loans to the FRB for additional borrowing capacity at September 30, 2019 and December 31, 2018 , respectively. The following is an analysis of nonaccrual loans as of September 30, 2019 and December 31, 2018 : September 30, 2019 December 31, 2018 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 24,408 $ 35,033 $ 35,504 $ 45,072 Unsecured — — 9 9 Real estate: One-to-four family residential 574 594 1,158 1,178 Commercial and multifamily residential: Commercial land 2,562 2,570 2,261 2,270 Income property 997 997 2,721 3,062 Owner occupied 6,524 6,633 9,922 10,300 Real estate construction: One-to-four family residential: Land and acquisition — — 318 318 Consumer 1,956 2,299 2,949 3,149 Total $ 37,021 $ 48,126 $ 54,842 $ 65,358 Loans, excluding PCI loans The following is an aging of the recorded investment of the loan portfolio as of September 30, 2019 and December 31, 2018 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans September 30, 2019 (in thousands) Commercial business: Secured $ 3,525,753 $ 5,560 $ 262 $ — $ 5,822 $ 24,408 $ 3,555,983 Unsecured 138,947 424 2 — 426 — 139,373 Real estate: One-to-four family residential 269,593 2,429 437 — 2,866 574 273,033 Commercial and multifamily residential: Commercial land 292,594 140 — — 140 2,562 295,296 Income property 1,955,634 2,038 3,266 — 5,304 997 1,961,935 Owner occupied 1,689,919 1,727 138 — 1,865 6,524 1,698,308 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — — 1,614 Residential construction 192,563 — — — — — 192,563 Commercial and multifamily residential: Income property 151,362 6,038 — — 6,038 — 157,400 Owner occupied 100,610 1,636 — — 1,636 — 102,246 Consumer 293,861 746 264 — 1,010 1,956 296,827 Total $ 8,612,450 $ 20,738 $ 4,369 $ — $ 25,107 $ 37,021 $ 8,674,578 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2018 (in thousands) Commercial business: Secured $ 3,267,709 $ 5,864 $ 3,624 $ — $ 9,488 $ 35,504 $ 3,312,701 Unsecured 111,868 240 — — 240 9 112,117 Real estate: One-to-four family residential 233,941 694 233 — 927 1,158 236,026 Commercial and multifamily residential: Commercial land 283,416 — — — — 2,261 285,677 Income property 1,910,505 5,009 2,241 — 7,250 2,721 1,920,476 Owner occupied 1,606,085 1,744 — — 1,744 9,922 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — — — — 318 4,417 Residential construction 212,303 93 — — 93 — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — — 194,912 Owner occupied 79,805 7,258 — — 7,258 — 87,063 Consumer 314,008 1,057 201 — 1,258 2,949 318,215 Total $ 8,218,651 $ 21,959 $ 6,299 $ — $ 28,258 $ 54,842 $ 8,301,751 The following is an analysis of impaired loans as of September 30, 2019 and December 31, 2018 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid September 30, 2019 (in thousands) Commercial business: Secured $ 3,530,404 $ 25,579 $ 9,114 $ 10,673 $ 1,879 $ 16,465 $ 21,051 Unsecured 139,360 13 13 13 — — — Real estate: One-to-four family residential 272,686 347 347 635 5 — — Commercial and multifamily residential: Commercial land 292,436 2,860 1,591 1,601 320 1,269 1,304 Income property 1,961,935 — — — — — — Owner occupied 1,688,118 10,190 3,733 5,260 105 6,457 6,599 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — — — Residential construction 192,563 — — — — — — Commercial and multifamily residential: Income property 157,400 — — — — — — Owner occupied 102,246 — — — — — — Consumer 294,599 2,228 379 514 17 1,849 2,006 Total $ 8,633,361 $ 41,217 $ 15,177 $ 18,696 $ 2,326 $ 26,040 $ 30,960 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2018 (in thousands) Commercial business: Secured $ 3,286,416 $ 26,285 $ 6,350 $ 8,460 $ 2,023 $ 19,935 $ 24,404 Unsecured 112,097 20 20 20 — — — Real estate: One-to-four family residential 235,138 888 325 798 8 563 575 Commercial and multifamily residential: Commercial land 283,451 2,226 — — — 2,226 2,272 Income property 1,917,522 2,954 99 165 1 2,855 3,011 Owner occupied 1,605,042 12,709 3,231 4,666 69 9,478 9,750 Real estate construction: One-to-four family residential: Land and acquisition 4,417 — — — — — — Residential construction 212,396 — — — — — — Commercial and multifamily residential: Income property 194,912 — — — — — — Owner occupied 87,063 — — — — — — Consumer 314,193 4,022 3,326 3,584 31 696 704 Total $ 8,252,647 $ 49,104 $ 13,351 $ 17,693 $ 2,132 $ 35,753 $ 40,716 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, 2019 2018 2019 2018 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business: Secured $ 21,419 $ 108 $ 43,805 $ 2 $ 24,833 $ 267 $ 43,055 $ 43 Unsecured 15 — 444 — 17 1 234 1 Real estate: One-to-four family residential 596 12 545 12 736 29 713 30 Commercial and multifamily residential: Commercial land 2,861 8 2,246 26 2,704 23 2,407 26 Income property 664 — 2,443 34 1,401 — 3,367 96 Owner occupied 10,241 176 9,349 124 12,435 210 8,986 333 Real estate construction: One-to-four family residential: Residential construction — — — — — — 605 — Commercial and multifamily residential: Owner occupied — — 4,050 72 — — 4,050 174 Consumer 2,842 10 5,646 44 3,290 28 6,135 110 Total $ 38,638 $ 314 $ 68,528 $ 314 $ 45,416 $ 558 $ 69,552 $ 813 The following is an analysis of loans classified as TDR during the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 6 $ 5,108 $ 5,108 1 $ 14,511 $ 14,511 Consumer 5 276 276 3 123 123 Total 11 $ 5,384 $ 5,384 4 $ 14,634 $ 14,634 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 11 $ 6,642 $ 6,642 9 $ 17,605 $ 17,605 Commercial and multifamily residential: Income property 1 217 217 1 891 891 Consumer 9 394 394 18 2,540 2,540 Total 21 $ 7,253 $ 7,253 28 $ 21,036 $ 21,036 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 $1.5 million of additional funds on loans classified as TDR as of September 30, 2019 . The Company had $2.1 million of such commitments at December 31, 2018 . The Company did not have any loans modified as TDR that defaulted within 12 months of being modified as TDR during the three months ended September 30, 2019 . The Company did have one $26 thousand consumer loan that defaulted within 12 months of being modified as a TDR during the nine months ended September 30, 2019 . The defaulted TDR loan is collateralized and was included with the loans individually measured for specific impairment. The Company did not experience any similar defaults during the three and nine months ended September 30, 2018 . PCI Loans 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 PCI 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 ALLL and remaining valuation discounts as of September 30, 2019 and December 31, 2018 : September 30, 2019 December 31, 2018 (in thousands) Commercial business $ 9,234 $ 9,672 Real estate: One-to-four family residential 8,764 9,848 Commercial and multifamily residential 59,383 66,340 Total real estate 68,147 76,188 Real estate construction: One-to-four family residential 144 153 Commercial and multifamily residential 462 507 Total real estate construction 606 660 Consumer 8,744 9,765 Subtotal of PCI loans 86,731 96,285 Less: Valuation discount resulting from acquisition accounting 4,954 6,525 ALLL 3,058 3,611 PCI loans, net of valuation discounts and allowance for loan losses $ 78,719 $ 86,149 The following table shows the changes in accretable yield for PCI loans for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Balance at beginning of period $ 20,989 $ 25,350 $ 21,949 $ 31,176 Accretion (1,289 ) (2,233 ) (4,865 ) (6,435 ) Disposals (45 ) (221 ) 61 (387 ) Reclassifications to (from) nonaccretable difference 719 279 3,229 (1,179 ) Balance at end of period $ 20,374 $ 23,175 $ 20,374 $ 23,175 |
Allowance for Loan and Lease Lo
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit | 9 Months Ended |
Sep. 30, 2019 | |
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 Allowance for Unfunded Commitments and Letters of Credit We record an ALLL 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 the ALLL calculation during the three and nine months ended September 30, 2019 and 2018 . The following tables show a detailed analysis of the ALLL for the three and nine months ended September 30, 2019 and 2018 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three Months Ended September 30, 2019 (in thousands) Commercial business: Secured $ 37,862 $ (2,365 ) $ 202 $ 5,721 $ 41,420 $ 1,879 $ 39,541 Unsecured 3,010 — 156 423 3,589 — 3,589 Real estate: One-to-four family residential 645 — 65 (107 ) 603 5 598 Commercial and multifamily residential: Commercial land 5,409 — 79 560 6,048 320 5,728 Income property 5,325 — 104 35 5,464 — 5,464 Owner occupied 5,230 — 1 500 5,731 105 5,626 Real estate construction: One-to-four family residential: Land and acquisition 153 — 105 (124 ) 134 — 134 Residential construction 6,103 — 2,366 (2,852 ) 5,617 — 5,617 Commercial and multifamily residential: Income property 4,198 — — (505 ) 3,693 — 3,693 Owner occupied 2,412 — — 595 3,007 — 3,007 Consumer 5,194 (285 ) 326 (1,010 ) 4,225 17 4,208 PCI 3,269 (722 ) 1,812 (1,301 ) 3,058 — 3,058 Unallocated 1,707 — — (1,636 ) 71 — 71 Total $ 80,517 $ (3,372 ) $ 5,216 $ 299 $ 82,660 $ 2,326 $ 80,334 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine Months Ended September 30, 2019 (in thousands) Commercial business: Secured $ 43,188 $ (7,717 ) $ 1,040 $ 4,909 $ 41,420 $ 1,879 $ 39,541 Unsecured 2,626 (15 ) 345 633 3,589 — 3,589 Real estate: One-to-four family residential 593 (2 ) 102 (90 ) 603 5 598 Commercial and multifamily residential: Commercial land 3,947 — 93 2,008 6,048 320 5,728 Income property 4,044 — 152 1,268 5,464 — 5,464 Owner occupied 4,533 — 3 1,195 5,731 105 5,626 Real estate construction: One-to-four family residential: Land and acquisition 549 — 236 (651 ) 134 — 134 Residential construction 5,536 (170 ) 2,956 (2,705 ) 5,617 — 5,617 Commercial and multifamily residential: Income property 5,784 — 1 (2,092 ) 3,693 — 3,693 Owner occupied 2,604 — — 403 3,007 — 3,007 Consumer 5,301 (1,117 ) 742 (701 ) 4,225 17 4,208 PCI 3,611 (2,626 ) 3,389 (1,316 ) 3,058 — 3,058 Unallocated 1,053 — — (982 ) 71 — 71 Total $ 83,369 $ (11,647 ) $ 9,059 $ 1,879 $ 82,660 $ 2,326 $ 80,334 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 and 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 and 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 PCI 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 and 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 and 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 PCI 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 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, 2019 2018 2019 2018 (in thousands) Balance at beginning of period $ 3,980 $ 3,680 $ 4,330 $ 3,130 Net changes in the allowance for unfunded commitments and letters of credit (400 ) 275 (750 ) 825 Balance at end of period $ 3,580 $ 3,955 $ 3,580 $ 3,955 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 or accrual status 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, 2019 and December 31, 2018 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2019 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,433,097 $ 30,153 $ 92,731 $ 2 $ — $ 3,555,983 Unsecured 139,176 — 197 — — 139,373 Real estate: One-to-four family residential 272,021 — 1,012 — — 273,033 Commercial and multifamily residential: Commercial land 277,264 4,665 13,367 — — 295,296 Income property 1,917,596 3,918 40,421 — — 1,961,935 Owner occupied 1,642,558 8,278 47,472 — — 1,698,308 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — 1,614 Residential construction 192,563 — — — — 192,563 Commercial and multifamily residential: Income property 157,400 — — — — 157,400 Owner occupied 102,246 — — — — 102,246 Consumer 293,484 — 3,343 — — 296,827 Total $ 8,429,019 $ 47,014 $ 198,543 $ 2 $ — 8,674,578 Less: ALLL 79,602 Loans, excluding PCI loans, net $ 8,594,976 Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,160,910 $ 48,779 $ 103,007 $ 5 $ — $ 3,312,701 Unsecured 112,091 21 — 5 — 112,117 Real estate: One-to-four family residential 234,416 — 1,610 — — 236,026 Commercial and multifamily residential: Commercial land 276,348 5,082 4,247 — — 285,677 Income property 1,876,925 36,998 6,553 — — 1,920,476 Owner occupied 1,556,852 14,964 45,935 — — 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — 318 — — 4,417 Residential construction 212,225 — 171 — — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — 194,912 Owner occupied 87,063 — — — — 87,063 Consumer 313,817 — 4,398 — — 318,215 Total $ 8,029,658 $ 105,844 $ 166,239 $ 10 $ — 8,301,751 Less: ALLL 79,758 Loans, excluding PCI loans, net $ 8,221,993 The following is an analysis of the credit quality of our PCI loan portfolio as of September 30, 2019 and December 31, 2018 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2019 (in thousands) PCI loans: Commercial business: Secured $ 7,008 $ 955 $ 721 $ — $ — $ 8,684 Unsecured 550 — — — — 550 Real estate: One-to-four family residential 8,521 — 243 — — 8,764 Commercial and multifamily residential: Commercial land 8,920 642 72 — — 9,634 Income property 18,737 — — — — 18,737 Owner occupied 25,059 — 5,953 — — 31,012 Real estate construction: One-to-four family residential: Land and acquisition 144 — — — — 144 Commercial and multifamily residential: Income property 462 — — — — 462 Consumer 8,468 — 276 — — 8,744 Total $ 77,869 $ 1,597 $ 7,265 $ — $ — 86,731 Less: Valuation discount resulting from acquisition accounting 4,954 ALLL 3,058 PCI loans, net $ 78,719 Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) PCI loans: Commercial business: Secured $ 8,041 $ — $ 840 $ — $ — $ 8,881 Unsecured 692 — 99 — — 791 Real estate: One-to-four family residential 9,633 — 215 — — 9,848 Commercial and multifamily residential: Commercial land 10,363 — — — — 10,363 Income property 19,680 — — — — 19,680 Owner occupied 35,944 — 353 — — 36,297 Real estate construction: One-to-four family residential: Land and acquisition 151 — 2 — — 153 Commercial and multifamily residential: Income property 507 — — — — 507 Consumer 9,326 — 439 — — 9,765 Total $ 94,337 $ — $ 1,948 $ — $ — 96,285 Less: Valuation discount resulting from acquisition accounting 6,525 ALLL 3,611 PCI loans, net $ 86,149 |
Other Real Estate Owned
Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2019 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Other Real Estate Owned | Other Real Estate Owned The following tables set forth activity in OREO for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Balance, beginning of period $ 1,118 $ 7,080 $ 6,019 $ 13,298 Transfers in — 794 386 1,200 Valuation adjustments — (495 ) (195 ) (697 ) Proceeds from sale of OREO property (588 ) (47 ) (6,382 ) (5,868 ) Gain (loss) on sale of OREO, net 95 (1 ) 797 (602 ) Balance, end of period $ 625 $ 7,331 $ 625 $ 7,331 At September 30, 2019 , there were $311 thousand in foreclosed residential real estate properties held as OREO. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $1.3 million . |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and concluded that there was no impairment. The 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, 2019 2018 2019 2018 (in thousands) Goodwill Total goodwill $ 765,842 $ 765,842 $ 765,842 $ 765,842 Other intangible assets, net CDI: Gross CDI balance at beginning of period 105,473 105,473 105,473 105,473 Accumulated amortization at beginning of period (65,852 ) (54,495 ) (60,455 ) (48,219 ) CDI, net at beginning of period 39,621 50,978 45,018 57,254 CDI current period amortization (2,632 ) (3,070 ) (8,029 ) (9,346 ) Total CDI, net at end of period 36,989 47,908 36,989 47,908 Intangible assets not subject to amortization 919 919 919 919 Other intangible assets, net at end of period 37,908 48,827 37,908 48,827 Total goodwill and other intangible assets at end of period $ 803,750 $ 814,669 $ 803,750 $ 814,669 The following table provides the estimated future amortization expense of our CDI for the remaining three months ending December 31, 2019 and the succeeding four years: Year ending December 31, (in thousands) 2019 $ 2,451 2020 8,724 2021 7,264 2022 5,880 2023 4,552 |
Leases
Leases | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Lessee, Operating Leases [Text Block] | Leases The Company’s lease commitments consist primarily of leased locations under various non-cancellable operating leases that expire between 2019 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. The following table shows the details of the Company’s operating lease right-of-use asset and the associated lease liability for the period indicated: Item Balance Sheet Location September 30, 2019 (in thousands) Operating lease asset Other assets $ 51,295 Operating lease liability Other liabilities $ 57,196 At September 30, 2019 , the Company’s operating leases have a weighted-average remaining lease term of 7.5 years and a weighted average discount rate of 3.1% . Cash paid for amounts included in the measurement of operating lease liabilities was $2.8 million for the nine months ended September 30, 2019 . Right-of-use assets obtained in exchange for new operating lease liabilities during the nine months ended September 30, 2019 was $9.2 million . On September 26, 2019 the Company sold one of its Washington facilities and leased back a portion of the facility utilized for branch operations. The resulting gain on the sale was $5.9 million . The following table shows the components of net lease costs: Three Months Ended September 30, Nine Months Ended September 30, Item Statement of Income Location 2019 2019 (in thousands) Operating lease cost (1) Occupancy $ 2,700 $ 8,285 Variable lease cost Occupancy 487 1,510 Sublease income Occupancy (297 ) (918 ) Net lease cost $ 2,890 $ 8,877 __________ (1) Includes short-term lease costs, which are immaterial. The following table shows future minimum payments for operating leases for the remaining three months of 2019 and subsequent years: Year ending December 31, (in thousands) 2019 $ 2,717 2020 10,619 2021 10,376 2022 9,795 2023 8,546 Thereafter 22,685 Total future minimum lease payments 64,738 Amounts representing interest (7,542 ) Present value of minimum lease payments $ 57,196 Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of the new lease guidance were as follows: Year Ending December 31, (in thousands) 2019 $ 10,947 2020 9,766 2021 8,729 2022 8,102 2023 6,796 Thereafter 18,703 Total minimum payments $ 63,043 |
Revolving Line of Credit
Revolving Line of Credit | 9 Months Ended |
Sep. 30, 2019 | |
Line of Credit [Member] | |
Line of Credit Facility [Line Items] | |
Short-term Debt [Text Block] | Revolving Line of Credit During the second quarter of 2019, the Company entered into a $30.0 million short-term credit facility with an unaffiliated bank that matures in May 2020. This facility has a variable interest rate and provides the Company additional liquidity, if needed, for various corporate activities including the repurchase of shares of Columbia Banking System, Inc. common stock. As of September 30, 2019 and December 31, 2018 , there was no outstanding balance. The credit agreement requires the Company to comply with certain covenants including those related to asset quality and capital levels. The Company was in compliance with all covenants associated with this facility at September 30, 2019 . |
Derivatives and Balance Sheet O
Derivatives and Balance Sheet Offsetting | 9 Months Ended |
Sep. 30, 2019 | |
General Discussion of Derivative Instruments and Hedging Activities [Abstract] | |
Derivatives and Hedging Activities | Derivatives, Hedging Activities and Balance Sheet Offsetting The Company is exposed to certain risks arising from both its business and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into interest rate-based derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s loan portfolio. The Company’s objectives in using interest rate derivatives are to add stability to interest income and to manage its exposure to interest rate movements. To accomplish this objective, the Company uses interest rate collars as part of its interest rate risk management strategy. Interest rate collars designated as cash flow hedges involve the payments of variable-rate amounts if interest rates rise above the cap strike rate on the contract and receipts of variable-rate amounts if interest rates fall below the floor strike rate on the contract. These derivative contracts are used to hedge the variable cash flows associated with existing variable-rate assets. With respect to derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest income in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest income as interest payments are received on the Company’s variable-rate assets. During the next 12 months, the Company estimates that there will be $3.1 million reclassified as an increase to interest income. In addition, 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, 2019 and December 31, 2018 was $396.5 million and $366.7 million , respectively. There was no mark-to-market gain or loss recorded in the three months ended September 30, 2019 . During the nine months ended September 30, 2019 there was a $2 thousand mark-to-market loss recorded to “Other” noninterest expense. During the three and nine months ended September 30, 2018 , mark-to-market gains of $1 thousand and $9 thousand , respectively, were recorded to “Other” noninterest expense. The following table presents the fair value of derivatives, as well as their classification on the Balance Sheet at September 30, 2019 and December 31, 2018 : Asset Derivatives Liability Derivatives September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Derivatives designated as hedging instruments: Interest rate collar Other assets $ 19,703 Other assets $ — Other liabilities $ — Other liabilities $ — Derivatives not designated as hedging instruments: Interest rate swap contracts Other assets $ 25,045 Other assets $ 7,033 Other liabilities $ 25,046 Other liabilities $ 7,033 The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) at September 30, 2019 and 2018 : Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Three Months Ended September 30, Three Months Ended September 30, 2019 2018 2019 2018 (in thousands) Interest rate collar $ 4,088 $ — Interest income $ 76 $ — Nine Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest rate collar $ 19,779 $ — Interest income $ 76 $ — The notional amount of the interest rate collar was $500.0 million at September 30, 2019 . The cash flow hedge was determined to be effective during the periods presented and, as a result, qualifies for hedge accounting treatment. The Company is party to interest rate swap contracts, interest rate collar 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 contracts, collar 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. 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 Pledged/Received Net Amount September 30, 2019 (in thousands) Assets Interest rate swap contracts $ 25,045 $ — $ 25,045 $ — $ 25,045 Interest rate collar $ 19,703 $ — $ 19,703 $ (19,703 ) — Liabilities Interest rate swap contracts $ 25,046 $ — $ 25,046 $ (25,046 ) $ — Repurchase agreements $ 24,489 $ — $ 24,489 $ (24,489 ) $ — December 31, 2018 Assets Interest rate swap contracts $ 7,033 $ — $ 7,033 $ — $ 7,033 Liabilities Interest rate swap contracts $ 7,033 $ — $ 7,033 $ (3,235 ) $ 3,798 Repurchase agreements $ 61,094 $ — $ 61,094 $ (61,094 ) $ — The Company’s agreements with each of its derivative counterparties provide that if the Company defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. 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, 2019 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 24,489 $ — $ — $ — $ 24,489 Gross amount of recognized liabilities for repurchase agreements 24,489 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 $24.5 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, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Commitments and Contingent Liabilities 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, 2019 and December 31, 2018 , the Company’s loan commitments amounted to $2.59 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 $26.9 million and $28.3 million at September 30, 2019 and December 31, 2018 , respectively. In addition, there were $24 thousand commitments under commercial letters of credit used to facilitate customers’ trade transactions and other off-balance sheet liabilities at September 30, 2019 and none at December 31, 2018 , 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, 2019 | |
Stockholders' Equity Note [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Dividends: The following table summarizes year-to-date dividend activity as of September 30, 2019 : Declared Regular Cash Dividends Per Common Share Special Cash Dividends Per Common Share Record Date Paid Date January 24, 2019 $ 0.28 $ 0.14 February 6, 2019 February 20, 2019 April 25, 2019 $ 0.28 $ 0.14 May 8, 2019 May 22, 2019 July 25, 2019 $ 0.28 $ — August 7, 2019 August 21, 2019 Subsequent to quarter end, on October 24, 2019 , the Company declared a regular quarterly cash dividend of $0.28 per common share payable on November 20, 2019 to shareholders of record at the close of business on November 6, 2019 . 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. Share Repurchase Program: For the three and nine months ended September 30, 2019 , the Company repurchased 676 thousand and 1.3 million shares of common stock at an average price of $34.77 and $34.89 per share, respectively. As of September 30, 2019 , there are 1.6 million |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income The following table shows changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2019 and 2018 : Unrealized Gains and Losses on Available-for-Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Unrealized Gains and Losses on Hedging Instruments (1) Total (1) Three Months Ended September 30, 2019 (in thousands) Beginning balance $ 37,162 $ (2,055 ) $ 12,043 $ 47,150 Other comprehensive income before reclassifications 14,593 — 3,137 17,730 Amounts reclassified from accumulated other comprehensive income (2) — 62 (58 ) 4 Net current-period other comprehensive income 14,593 62 3,079 17,734 Ending balance $ 51,755 $ (1,993 ) $ 15,122 $ 64,884 Three Months Ended September 30, 2018 Beginning balance $ (53,597 ) $ (2,324 ) $ — $ (55,921 ) Other comprehensive loss before reclassifications (14,149 ) — — (14,149 ) Amounts reclassified from accumulated other comprehensive loss (2) — 61 — 61 Net current-period other comprehensive income (loss) (14,149 ) 61 — (14,088 ) Ending balance $ (67,746 ) $ (2,263 ) $ — $ (70,009 ) Nine Months Ended September 30, 2019 Beginning balance $ (33,128 ) $ (2,177 ) $ — $ (35,305 ) Other comprehensive income before reclassifications 86,519 — 15,180 101,699 Amounts reclassified from accumulated other comprehensive loss (2) (1,636 ) 184 (58 ) (1,510 ) Net current-period other comprehensive income 84,883 184 15,122 100,189 Ending balance $ 51,755 $ (1,993 ) $ 15,122 $ 64,884 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 (2) (81 ) 183 — 102 Net current-period other comprehensive income (loss) (48,124 ) 183 — (47,941 ) Ending balance $ (67,746 ) $ (2,263 ) $ — $ (70,009 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2019 and 2018 : Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, Affected line Item in the Consolidated 2019 2018 2019 2018 Statement of Income (in thousands) Unrealized gains and losses on available for sale debt securities Investment securities gains , net $ — $ — $ 2,132 $ 106 Investment securities gains (losses), net — — 2,132 106 Total before tax — — (496 ) (25 ) Income tax provision $ — $ — $ 1,636 $ 81 Net of tax Amortization of pension plan liability Actuarial losses $ (81 ) $ (80 ) $ (240 ) $ (239 ) Compensation and employee benefits (81 ) (80 ) (240 ) (239 ) Total before tax 19 19 56 56 Income tax provision $ (62 ) $ (61 ) $ (184 ) $ (183 ) Net of tax Unrealized gains and losses from hedging instruments Interest income $ 76 $ — $ 76 $ — Loans 76 — 76 — Total before tax (18 ) — (18 ) — Income tax provision $ 58 $ — $ 58 $ — Net of tax |
Fair Value Accounting and Measu
Fair Value Accounting and Measurement | 9 Months Ended |
Sep. 30, 2019 | |
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 contracts and the interest rate collar 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, 2019 and December 31, 2018 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, 2019 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations (1) $ 2,482,835 $ — $ 2,482,835 $ — Other asset-backed securities (1) 171,578 — 171,578 — State and municipal debt securities 497,314 — 497,314 — U.S. government agency and government-sponsored enterprise securities 215,595 — 215,595 — U.S. government securities 250 250 — — Total debt securities available for sale $ 3,367,572 $ 250 $ 3,367,322 $ — Other assets: Interest rate contracts $ 25,045 $ — $ 25,045 $ — Interest rate collar $ 19,703 $ — $ 19,703 $ — Liabilities Other liabilities: Interest rate contracts $ 25,046 $ — $ 25,046 $ — Fair Value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 December 31, 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) $ 2,013,355 $ — $ 2,013,355 $ — Other asset-backed securities (1) 174,935 — 174,935 — State and municipal debt securities 574,323 — 574,323 — U.S. government agency and government-sponsored enterprise securities 404,587 — 404,587 — U.S. government securities 248 248 — — Total debt securities available for sale $ 3,167,448 $ 248 $ 3,167,200 $ — Other assets: Interest rate contracts $ 7,033 $ — $ 7,033 $ — Liabilities Other liabilities: Interest rate contracts $ 7,033 $ — $ 7,033 $ — __________ (1) Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. There were no transfers between Level 1 and Level 2 of the valuation hierarchy during the nine month periods ended September 30, 2019 and 2018 . 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. The following method was used to estimate the fair value of impaired loans: 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 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. OREO —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 September 30, 2019 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended September 30, 2 019 Losses During the Nine Months Ended September 30, 20 19 Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 8,990 $ — $ — $ 8,990 $ 1,722 $ 3,299 $ 8,990 $ — $ — $ 8,990 $ 1,722 $ 3,299 Fair value at September 30, 2018 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended September 30, 2 018 Losses During the Nine Months Ended September 30 , 2018 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 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 ALLL. The losses on OREO disclosed above represent the write-downs taken at foreclosure that were charged to the ALLL, as well as subsequent changes in 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 September 30, 2019 Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (2) $ 8,990 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 100.00% (42.09%) __________ (1) Discount applied to appraised value or stated value (in the case of accounts receivable, fixed assets and inventory). (2) Collateral consists of cash, accounts receivable, fixed assets, inventory and real estate. Fair value at September 30, 2018 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. The following tables summarize carrying amounts and estimated fair values of selected financial instruments by level within the fair value hierarchy at September 30, 2019 and December 31, 2018 : September 30, 2019 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 278,461 $ 278,461 $ 278,461 $ — $ — Interest-earning deposits with banks 20,144 20,144 20,144 — — Debt securities available for sale 3,367,572 3,367,572 250 3,367,322 — FHLB stock 29,680 29,680 — 29,680 — Loans held for sale 15,036 15,036 — 15,036 — Loans 8,673,695 8,895,564 — — 8,895,564 Interest rate contracts 25,045 24,045 — 24,045 — Interest rate collar 19,703 19,703 — 19,703 — Liabilities Time deposits $ 366,773 $ 361,195 $ — $ 361,195 $ — FHLB advances 492,482 493,736 — 493,736 — Repurchase agreements 24,489 24,489 — 24,489 — Subordinated debentures 35,323 35,255 — 35,255 — Interest rate contracts 25,046 25,046 — 25,046 — December 31, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 260,180 $ 260,180 $ 260,180 $ — $ — Interest-earning deposits with banks 17,407 17,407 17,407 — — Debt securities available for sale 3,167,448 3,167,448 248 3,167,200 — FHLB stock 25,960 25,960 — 25,960 — Loans held for sale 3,849 3,849 — 3,849 — Loans 8,308,142 8,316,946 — — 8,316,946 Interest rate contracts 7,033 7,033 — 7,033 — Liabilities Time deposits $ 414,443 $ 407,659 $ — $ 407,659 $ — FHLB advances 399,523 400,085 — 400,085 — Repurchase agreements 61,094 61,094 — 61,094 — Subordinated debentures 35,462 34,897 — 34,897 — Interest rate contracts 7,033 7,033 — 7,033 — |
Earnings per Common Share
Earnings per Common Share | 9 Months Ended |
Sep. 30, 2019 | |
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 which qualify as participating securities. The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 (in thousands except per share amounts) Basic EPS: Net income $ 50,727 $ 46,415 $ 148,322 $ 128,134 Less: Earnings allocated to participating securities: Nonvested restricted shares 358 504 1,204 1,413 Earnings allocated to common shareholders $ 50,369 $ 45,911 $ 147,118 $ 126,721 Weighted average common shares outstanding 71,803 72,427 72,256 72,370 Basic earnings per common share $ 0.70 $ 0.63 $ 2.04 $ 1.75 Diluted EPS: Earnings allocated to common shareholders $ 50,369 $ 45,911 $ 147,118 $ 126,721 Weighted average common shares outstanding 71,803 72,427 72,256 72,370 Dilutive effect of equity awards — 5 1 4 Weighted average diluted common shares outstanding 71,803 72,432 72,257 72,374 Diluted earnings per common share $ 0.70 $ 0.63 $ 2.04 $ 1.75 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive — — — 5 |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 9,015 $ 9,266 $ 27,030 $ 26,689 Card revenue 4,006 3,714 11,431 16,143 Financial services and trust revenue 3,226 2,975 9,608 8,924 Total revenue from contracts with customers 16,247 15,955 48,069 51,756 Other sources of noninterest income 11,783 5,064 27,305 16,098 Total noninterest income $ 28,030 $ 21,019 $ 75,374 $ 67,854 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 2,432,873 $ 61,024 $ (11,062 ) $ 2,482,835 Other asset-backed securities (1) 166,482 5,149 (53 ) 171,578 State and municipal securities 488,273 9,471 (430 ) 497,314 U.S. government agency and government-sponsored enterprise securities 212,265 3,382 (52 ) 215,595 U.S. government securities 250 — — 250 Total $ 3,300,143 $ 79,026 $ (11,597 ) $ 3,367,572 December 31, 2018 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 2,045,728 $ 8,473 $ (40,846 ) $ 2,013,355 Other asset-backed securities (1) 176,793 763 (2,621 ) 174,935 State and municipal securities 579,755 2,328 (7,760 ) 574,323 U.S. government agency and government-sponsored enterprise securities 408,088 1,235 (4,736 ) 404,587 U.S. government securities 251 — (3 ) 248 Total $ 3,210,615 $ 12,799 $ (55,966 ) $ 3,167,448 __________ (1) Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. |
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 September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Proceeds from sales of debt securities available for sale $ — $ — $ 259,554 $ 32,330 Gross realized gains from sales of debt securities available for sale $ — $ — $ 3,357 $ 235 Gross realized losses from sales of debt securities available for sale — — (1,225 ) (129 ) Other securities losses, net (1) — (62 ) — (179 ) Investment securities gains, net $ — $ (62 ) $ 2,132 $ (73 ) __________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities for the periods ended September 30, 2018 . 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, 2019 are presented as follows: September 30, 2019 Amortized Cost Fair Value (in thousands) Due within one year $ 112,412 $ 112,594 Due after one year through five years 412,269 416,294 Due after five years through ten years 1,592,778 1,650,631 Due after ten years 1,182,684 1,188,053 Total debt securities available for sale $ 3,300,143 $ 3,367,572 |
Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public funds, borrowings and other purposes as permitted or required by law: September 30, 2019 (in thousands) To secure public funds $ 443,320 To secure borrowings 111,421 Other securities pledged 155,727 Total securities pledged as collateral $ 710,468 |
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, 2019 and December 31, 2018 : Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2019 (in thousands) U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 478,690 $ (4,017 ) $ 528,228 $ (7,045 ) $ 1,006,918 $ (11,062 ) Other asset-backed securities (1) — — 6,926 (53 ) 6,926 (53 ) State and municipal securities 52,763 (255 ) 23,237 (175 ) 76,000 (430 ) U.S. government agency and government-sponsored enterprise securities — — 57,448 (52 ) 57,448 (52 ) U.S. government securities — — 250 — 250 — Total $ 531,453 $ (4,272 ) $ 616,089 $ (7,325 ) $ 1,147,542 $ (11,597 ) December 31, 2018 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations (1) $ 114,551 $ (750 ) $ 1,207,020 $ (40,096 ) $ 1,321,571 $ (40,846 ) Other asset-backed securities (1) 40,071 (222 ) 94,367 (2,399 ) 134,438 (2,621 ) State and municipal securities 106,292 (581 ) 280,496 (7,179 ) 386,788 (7,760 ) U.S. government agency and government-sponsored enterprise securities 15,392 (45 ) 291,435 (4,691 ) 306,827 (4,736 ) U.S. government securities — — 247 (3 ) 247 (3 ) Total $ 276,306 $ (1,598 ) $ 1,873,565 $ (54,368 ) $ 2,149,871 $ (55,966 ) __________ (1) Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Financing Receivable, Credit Quality Indicator [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, 2019 December 31, 2018 Loans, excluding PCI loans PCI Loans Total Loans, excluding PCI loans PCI Loans Total (in thousands) Commercial business $ 3,707,314 $ 9,004 $ 3,716,318 $ 3,438,422 $ 9,240 $ 3,447,662 Real estate: One-to-four family residential 273,079 7,403 280,482 238,367 8,017 246,384 Commercial and multifamily residential 3,975,647 56,702 4,032,349 3,846,027 62,910 3,908,937 Total real estate 4,248,726 64,105 4,312,831 4,084,394 70,927 4,155,321 Real estate construction: One-to-four family residential 195,198 144 195,342 217,790 153 217,943 Commercial and multifamily residential 261,786 486 262,272 284,394 534 284,928 Total real estate construction 456,984 630 457,614 502,184 687 502,871 Consumer 297,009 8,038 305,047 318,945 8,906 327,851 Less: Net unearned income (35,455 ) — (35,455 ) (42,194 ) — (42,194 ) Total loans, net of unearned income 8,674,578 81,777 8,756,355 8,301,751 89,760 8,391,511 Less: ALLL (79,602 ) (3,058 ) (82,660 ) (79,758 ) (3,611 ) (83,369 ) Total loans, net $ 8,594,976 $ 78,719 $ 8,673,695 $ 8,221,993 $ 86,149 $ 8,308,142 Loans held for sale $ 15,036 $ — $ 15,036 $ 3,849 $ — $ 3,849 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Analysis of Nonaccrual Loans | The following is an analysis of nonaccrual loans as of September 30, 2019 and December 31, 2018 : September 30, 2019 December 31, 2018 Recorded Unpaid Principal Recorded Unpaid Principal (in thousands) Commercial business: Secured $ 24,408 $ 35,033 $ 35,504 $ 45,072 Unsecured — — 9 9 Real estate: One-to-four family residential 574 594 1,158 1,178 Commercial and multifamily residential: Commercial land 2,562 2,570 2,261 2,270 Income property 997 997 2,721 3,062 Owner occupied 6,524 6,633 9,922 10,300 Real estate construction: One-to-four family residential: Land and acquisition — — 318 318 Consumer 1,956 2,299 2,949 3,149 Total $ 37,021 $ 48,126 $ 54,842 $ 65,358 |
Analysis of the Aged Loan Portfolio | The following is an aging of the recorded investment of the loan portfolio as of September 30, 2019 and December 31, 2018 : Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans September 30, 2019 (in thousands) Commercial business: Secured $ 3,525,753 $ 5,560 $ 262 $ — $ 5,822 $ 24,408 $ 3,555,983 Unsecured 138,947 424 2 — 426 — 139,373 Real estate: One-to-four family residential 269,593 2,429 437 — 2,866 574 273,033 Commercial and multifamily residential: Commercial land 292,594 140 — — 140 2,562 295,296 Income property 1,955,634 2,038 3,266 — 5,304 997 1,961,935 Owner occupied 1,689,919 1,727 138 — 1,865 6,524 1,698,308 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — — 1,614 Residential construction 192,563 — — — — — 192,563 Commercial and multifamily residential: Income property 151,362 6,038 — — 6,038 — 157,400 Owner occupied 100,610 1,636 — — 1,636 — 102,246 Consumer 293,861 746 264 — 1,010 1,956 296,827 Total $ 8,612,450 $ 20,738 $ 4,369 $ — $ 25,107 $ 37,021 $ 8,674,578 Current 30 - 59 60 - 89 Greater Total Nonaccrual Total Loans December 31, 2018 (in thousands) Commercial business: Secured $ 3,267,709 $ 5,864 $ 3,624 $ — $ 9,488 $ 35,504 $ 3,312,701 Unsecured 111,868 240 — — 240 9 112,117 Real estate: One-to-four family residential 233,941 694 233 — 927 1,158 236,026 Commercial and multifamily residential: Commercial land 283,416 — — — — 2,261 285,677 Income property 1,910,505 5,009 2,241 — 7,250 2,721 1,920,476 Owner occupied 1,606,085 1,744 — — 1,744 9,922 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — — — — 318 4,417 Residential construction 212,303 93 — — 93 — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — — 194,912 Owner occupied 79,805 7,258 — — 7,258 — 87,063 Consumer 314,008 1,057 201 — 1,258 2,949 318,215 Total $ 8,218,651 $ 21,959 $ 6,299 $ — $ 28,258 $ 54,842 $ 8,301,751 |
Impaired Financing Receivables | The following is an analysis of impaired loans as of September 30, 2019 and December 31, 2018 : Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid September 30, 2019 (in thousands) Commercial business: Secured $ 3,530,404 $ 25,579 $ 9,114 $ 10,673 $ 1,879 $ 16,465 $ 21,051 Unsecured 139,360 13 13 13 — — — Real estate: One-to-four family residential 272,686 347 347 635 5 — — Commercial and multifamily residential: Commercial land 292,436 2,860 1,591 1,601 320 1,269 1,304 Income property 1,961,935 — — — — — — Owner occupied 1,688,118 10,190 3,733 5,260 105 6,457 6,599 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — — — Residential construction 192,563 — — — — — — Commercial and multifamily residential: Income property 157,400 — — — — — — Owner occupied 102,246 — — — — — — Consumer 294,599 2,228 379 514 17 1,849 2,006 Total $ 8,633,361 $ 41,217 $ 15,177 $ 18,696 $ 2,326 $ 26,040 $ 30,960 Recorded Investment Recorded Investment Impaired Loans With Impaired Loans Without Recorded Unpaid Related Recorded Unpaid December 31, 2018 (in thousands) Commercial business: Secured $ 3,286,416 $ 26,285 $ 6,350 $ 8,460 $ 2,023 $ 19,935 $ 24,404 Unsecured 112,097 20 20 20 — — — Real estate: One-to-four family residential 235,138 888 325 798 8 563 575 Commercial and multifamily residential: Commercial land 283,451 2,226 — — — 2,226 2,272 Income property 1,917,522 2,954 99 165 1 2,855 3,011 Owner occupied 1,605,042 12,709 3,231 4,666 69 9,478 9,750 Real estate construction: One-to-four family residential: Land and acquisition 4,417 — — — — — — Residential construction 212,396 — — — — — — Commercial and multifamily residential: Income property 194,912 — — — — — — Owner occupied 87,063 — — — — — — Consumer 314,193 4,022 3,326 3,584 31 696 704 Total $ 8,252,647 $ 49,104 $ 13,351 $ 17,693 $ 2,132 $ 35,753 $ 40,716 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, 2019 2018 2019 2018 Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized Average Recorded Interest Recognized (in thousands) Commercial business: Secured $ 21,419 $ 108 $ 43,805 $ 2 $ 24,833 $ 267 $ 43,055 $ 43 Unsecured 15 — 444 — 17 1 234 1 Real estate: One-to-four family residential 596 12 545 12 736 29 713 30 Commercial and multifamily residential: Commercial land 2,861 8 2,246 26 2,704 23 2,407 26 Income property 664 — 2,443 34 1,401 — 3,367 96 Owner occupied 10,241 176 9,349 124 12,435 210 8,986 333 Real estate construction: One-to-four family residential: Residential construction — — — — — — 605 — Commercial and multifamily residential: Owner occupied — — 4,050 72 — — 4,050 174 Consumer 2,842 10 5,646 44 3,290 28 6,135 110 Total $ 38,638 $ 314 $ 68,528 $ 314 $ 45,416 $ 558 $ 69,552 $ 813 |
Analysis of loans classified as Troubled Debt Restructurings (“TDR”) | The following is an analysis of loans classified as TDR during the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 6 $ 5,108 $ 5,108 1 $ 14,511 $ 14,511 Consumer 5 276 276 3 123 123 Total 11 $ 5,384 $ 5,384 4 $ 14,634 $ 14,634 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Number of TDR Modifications Pre-Modification Post-Modification Number of TDR Modifications Pre-Modification Post-Modification (dollars in thousands) Commercial business: Secured 11 $ 6,642 $ 6,642 9 $ 17,605 $ 17,605 Commercial and multifamily residential: Income property 1 217 217 1 891 891 Consumer 9 394 394 18 2,540 2,540 Total 21 $ 7,253 $ 7,253 28 $ 21,036 $ 21,036 |
Purchased Credit Impaired Loans [Member] | |
Financing Receivable, Credit Quality Indicator [Line Items] | |
Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of our PCI loans, net of related ALLL and remaining valuation discounts as of September 30, 2019 and December 31, 2018 : September 30, 2019 December 31, 2018 (in thousands) Commercial business $ 9,234 $ 9,672 Real estate: One-to-four family residential 8,764 9,848 Commercial and multifamily residential 59,383 66,340 Total real estate 68,147 76,188 Real estate construction: One-to-four family residential 144 153 Commercial and multifamily residential 462 507 Total real estate construction 606 660 Consumer 8,744 9,765 Subtotal of PCI loans 86,731 96,285 Less: Valuation discount resulting from acquisition accounting 4,954 6,525 ALLL 3,058 3,611 PCI loans, net of valuation discounts and allowance for loan losses $ 78,719 $ 86,149 |
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, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Balance at beginning of period $ 20,989 $ 25,350 $ 21,949 $ 31,176 Accretion (1,289 ) (2,233 ) (4,865 ) (6,435 ) Disposals (45 ) (221 ) 61 (387 ) Reclassifications to (from) nonaccretable difference 719 279 3,229 (1,179 ) Balance at end of period $ 20,374 $ 23,175 $ 20,374 $ 23,175 |
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, 2019 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Allowance for Credit Losses on Financing Receivables | The following tables show a detailed analysis of the ALLL for the three and nine months ended September 30, 2019 and 2018 : Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Three Months Ended September 30, 2019 (in thousands) Commercial business: Secured $ 37,862 $ (2,365 ) $ 202 $ 5,721 $ 41,420 $ 1,879 $ 39,541 Unsecured 3,010 — 156 423 3,589 — 3,589 Real estate: One-to-four family residential 645 — 65 (107 ) 603 5 598 Commercial and multifamily residential: Commercial land 5,409 — 79 560 6,048 320 5,728 Income property 5,325 — 104 35 5,464 — 5,464 Owner occupied 5,230 — 1 500 5,731 105 5,626 Real estate construction: One-to-four family residential: Land and acquisition 153 — 105 (124 ) 134 — 134 Residential construction 6,103 — 2,366 (2,852 ) 5,617 — 5,617 Commercial and multifamily residential: Income property 4,198 — — (505 ) 3,693 — 3,693 Owner occupied 2,412 — — 595 3,007 — 3,007 Consumer 5,194 (285 ) 326 (1,010 ) 4,225 17 4,208 PCI 3,269 (722 ) 1,812 (1,301 ) 3,058 — 3,058 Unallocated 1,707 — — (1,636 ) 71 — 71 Total $ 80,517 $ (3,372 ) $ 5,216 $ 299 $ 82,660 $ 2,326 $ 80,334 Beginning Charge-offs Recoveries Provision (Recapture) Ending Specific General Nine Months Ended September 30, 2019 (in thousands) Commercial business: Secured $ 43,188 $ (7,717 ) $ 1,040 $ 4,909 $ 41,420 $ 1,879 $ 39,541 Unsecured 2,626 (15 ) 345 633 3,589 — 3,589 Real estate: One-to-four family residential 593 (2 ) 102 (90 ) 603 5 598 Commercial and multifamily residential: Commercial land 3,947 — 93 2,008 6,048 320 5,728 Income property 4,044 — 152 1,268 5,464 — 5,464 Owner occupied 4,533 — 3 1,195 5,731 105 5,626 Real estate construction: One-to-four family residential: Land and acquisition 549 — 236 (651 ) 134 — 134 Residential construction 5,536 (170 ) 2,956 (2,705 ) 5,617 — 5,617 Commercial and multifamily residential: Income property 5,784 — 1 (2,092 ) 3,693 — 3,693 Owner occupied 2,604 — — 403 3,007 — 3,007 Consumer 5,301 (1,117 ) 742 (701 ) 4,225 17 4,208 PCI 3,611 (2,626 ) 3,389 (1,316 ) 3,058 — 3,058 Unallocated 1,053 — — (982 ) 71 — 71 Total $ 83,369 $ (11,647 ) $ 9,059 $ 1,879 $ 82,660 $ 2,326 $ 80,334 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 and 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 and 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 PCI 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 and 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 and 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 PCI 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 |
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, 2019 2018 2019 2018 (in thousands) Balance at beginning of period $ 3,980 $ 3,680 $ 4,330 $ 3,130 Net changes in the allowance for unfunded commitments and letters of credit (400 ) 275 (750 ) 825 Balance at end of period $ 3,580 $ 3,955 $ 3,580 $ 3,955 |
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, 2019 and December 31, 2018 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2019 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,433,097 $ 30,153 $ 92,731 $ 2 $ — $ 3,555,983 Unsecured 139,176 — 197 — — 139,373 Real estate: One-to-four family residential 272,021 — 1,012 — — 273,033 Commercial and multifamily residential: Commercial land 277,264 4,665 13,367 — — 295,296 Income property 1,917,596 3,918 40,421 — — 1,961,935 Owner occupied 1,642,558 8,278 47,472 — — 1,698,308 Real estate construction: One-to-four family residential: Land and acquisition 1,614 — — — — 1,614 Residential construction 192,563 — — — — 192,563 Commercial and multifamily residential: Income property 157,400 — — — — 157,400 Owner occupied 102,246 — — — — 102,246 Consumer 293,484 — 3,343 — — 296,827 Total $ 8,429,019 $ 47,014 $ 198,543 $ 2 $ — 8,674,578 Less: ALLL 79,602 Loans, excluding PCI loans, net $ 8,594,976 Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) Loans, excluding PCI loans: Commercial business: Secured $ 3,160,910 $ 48,779 $ 103,007 $ 5 $ — $ 3,312,701 Unsecured 112,091 21 — 5 — 112,117 Real estate: One-to-four family residential 234,416 — 1,610 — — 236,026 Commercial and multifamily residential: Commercial land 276,348 5,082 4,247 — — 285,677 Income property 1,876,925 36,998 6,553 — — 1,920,476 Owner occupied 1,556,852 14,964 45,935 — — 1,617,751 Real estate construction: One-to-four family residential: Land and acquisition 4,099 — 318 — — 4,417 Residential construction 212,225 — 171 — — 212,396 Commercial and multifamily residential: Income property 194,912 — — — — 194,912 Owner occupied 87,063 — — — — 87,063 Consumer 313,817 — 4,398 — — 318,215 Total $ 8,029,658 $ 105,844 $ 166,239 $ 10 $ — 8,301,751 Less: ALLL 79,758 Loans, excluding PCI loans, net $ 8,221,993 The following is an analysis of the credit quality of our PCI loan portfolio as of September 30, 2019 and December 31, 2018 : Pass Special Mention Substandard Doubtful Loss Total September 30, 2019 (in thousands) PCI loans: Commercial business: Secured $ 7,008 $ 955 $ 721 $ — $ — $ 8,684 Unsecured 550 — — — — 550 Real estate: One-to-four family residential 8,521 — 243 — — 8,764 Commercial and multifamily residential: Commercial land 8,920 642 72 — — 9,634 Income property 18,737 — — — — 18,737 Owner occupied 25,059 — 5,953 — — 31,012 Real estate construction: One-to-four family residential: Land and acquisition 144 — — — — 144 Commercial and multifamily residential: Income property 462 — — — — 462 Consumer 8,468 — 276 — — 8,744 Total $ 77,869 $ 1,597 $ 7,265 $ — $ — 86,731 Less: Valuation discount resulting from acquisition accounting 4,954 ALLL 3,058 PCI loans, net $ 78,719 Pass Special Mention Substandard Doubtful Loss Total December 31, 2018 (in thousands) PCI loans: Commercial business: Secured $ 8,041 $ — $ 840 $ — $ — $ 8,881 Unsecured 692 — 99 — — 791 Real estate: One-to-four family residential 9,633 — 215 — — 9,848 Commercial and multifamily residential: Commercial land 10,363 — — — — 10,363 Income property 19,680 — — — — 19,680 Owner occupied 35,944 — 353 — — 36,297 Real estate construction: One-to-four family residential: Land and acquisition 151 — 2 — — 153 Commercial and multifamily residential: Income property 507 — — — — 507 Consumer 9,326 — 439 — — 9,765 Total $ 94,337 $ — $ 1,948 $ — $ — 96,285 Less: Valuation discount resulting from acquisition accounting 6,525 ALLL 3,611 PCI loans, net $ 86,149 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Balance, beginning of period $ 1,118 $ 7,080 $ 6,019 $ 13,298 Transfers in — 794 386 1,200 Valuation adjustments — (495 ) (195 ) (697 ) Proceeds from sale of OREO property (588 ) (47 ) (6,382 ) (5,868 ) Gain (loss) on sale of OREO, net 95 (1 ) 797 (602 ) Balance, end of period $ 625 $ 7,331 $ 625 $ 7,331 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 2018 2019 2018 (in thousands) Goodwill Total goodwill $ 765,842 $ 765,842 $ 765,842 $ 765,842 Other intangible assets, net CDI: Gross CDI balance at beginning of period 105,473 105,473 105,473 105,473 Accumulated amortization at beginning of period (65,852 ) (54,495 ) (60,455 ) (48,219 ) CDI, net at beginning of period 39,621 50,978 45,018 57,254 CDI current period amortization (2,632 ) (3,070 ) (8,029 ) (9,346 ) Total CDI, net at end of period 36,989 47,908 36,989 47,908 Intangible assets not subject to amortization 919 919 919 919 Other intangible assets, net at end of period 37,908 48,827 37,908 48,827 Total goodwill and other intangible assets at end of period $ 803,750 $ 814,669 $ 803,750 $ 814,669 |
Estimated Future Amortization Expense of Core Deposit Intangibles | The following table provides the estimated future amortization expense of our CDI for the remaining three months ending December 31, 2019 and the succeeding four years: Year ending December 31, (in thousands) 2019 $ 2,451 2020 8,724 2021 7,264 2022 5,880 2023 4,552 |
Leases (Tables)
Leases (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Operating Leases by balance sheet location [Table Text Block] | The following table shows the details of the Company’s operating lease right-of-use asset and the associated lease liability for the period indicated: Item Balance Sheet Location September 30, 2019 (in thousands) Operating lease asset Other assets $ 51,295 Operating lease liability Other liabilities $ 57,196 |
Lease, Cost [Table Text Block] | The following table shows the components of net lease costs: Three Months Ended September 30, Nine Months Ended September 30, Item Statement of Income Location 2019 2019 (in thousands) Operating lease cost (1) Occupancy $ 2,700 $ 8,285 Variable lease cost Occupancy 487 1,510 Sublease income Occupancy (297 ) (918 ) Net lease cost $ 2,890 $ 8,877 __________ (1) Includes short-term lease costs, which are immaterial. |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | The following table shows future minimum payments for operating leases for the remaining three months of 2019 and subsequent years: Year ending December 31, (in thousands) 2019 $ 2,717 2020 10,619 2021 10,376 2022 9,795 2023 8,546 Thereafter 22,685 Total future minimum lease payments 64,738 Amounts representing interest (7,542 ) Present value of minimum lease payments $ 57,196 |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of the new lease guidance were as follows: Year Ending December 31, (in thousands) 2019 $ 10,947 2020 9,766 2021 8,729 2022 8,102 2023 6,796 Thereafter 18,703 Total minimum payments $ 63,043 |
Derivatives and Balance Sheet_2
Derivatives and Balance Sheet Offsetting (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Derivative [Line Items] | |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) at September 30, 2019 and 2018 : Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Three Months Ended September 30, Three Months Ended September 30, 2019 2018 2019 2018 (in thousands) Interest rate collar $ 4,088 $ — Interest income $ 76 $ — Nine Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest rate collar $ 19,779 $ — Interest income $ 76 $ — |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of derivatives, as well as their classification on the Balance Sheet at September 30, 2019 and December 31, 2018 : Asset Derivatives Liability Derivatives September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value Balance Sheet Fair Value (in thousands) Derivatives designated as hedging instruments: Interest rate collar Other assets $ 19,703 Other assets $ — Other liabilities $ — Other liabilities $ — Derivatives not designated as hedging instruments: Interest rate swap contracts Other assets $ 25,045 Other assets $ 7,033 Other liabilities $ 25,046 Other liabilities $ 7,033 |
Balance Sheet Offsetting [Table Text Block] | The following tables show the gross interest rate swap contracts, collar 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. 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 Pledged/Received Net Amount September 30, 2019 (in thousands) Assets Interest rate swap contracts $ 25,045 $ — $ 25,045 $ — $ 25,045 Interest rate collar $ 19,703 $ — $ 19,703 $ (19,703 ) — Liabilities Interest rate swap contracts $ 25,046 $ — $ 25,046 $ (25,046 ) $ — Repurchase agreements $ 24,489 $ — $ 24,489 $ (24,489 ) $ — December 31, 2018 Assets Interest rate swap contracts $ 7,033 $ — $ 7,033 $ — $ 7,033 Liabilities Interest rate swap contracts $ 7,033 $ — $ 7,033 $ (3,235 ) $ 3,798 Repurchase agreements $ 61,094 $ — $ 61,094 $ (61,094 ) $ — |
Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public funds, borrowings and other purposes as permitted or required by law: September 30, 2019 (in thousands) To secure public funds $ 443,320 To secure borrowings 111,421 Other securities pledged 155,727 Total securities pledged as collateral $ 710,468 |
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, 2019 (in thousands) Class of collateral pledged for repurchase agreements U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations $ 24,489 $ — $ — $ — $ 24,489 Gross amount of recognized liabilities for repurchase agreements 24,489 Amounts related to agreements not included in offsetting disclosure $ — |
Shareholders' Equity Dividends
Shareholders' Equity Dividends Declared (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Shareholders' Equity [Abstract] | |
Dividends Declared [Table Text Block] | The following table summarizes year-to-date dividend activity as of September 30, 2019 : Declared Regular Cash Dividends Per Common Share Special Cash Dividends Per Common Share Record Date Paid Date January 24, 2019 $ 0.28 $ 0.14 February 6, 2019 February 20, 2019 April 25, 2019 $ 0.28 $ 0.14 May 8, 2019 May 22, 2019 July 25, 2019 $ 0.28 $ — August 7, 2019 August 21, 2019 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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 months ended September 30, 2019 and 2018 : Unrealized Gains and Losses on Available-for-Sale Securities (1) Unrealized Gains and Losses on Pension Plan Liability (1) Unrealized Gains and Losses on Hedging Instruments (1) Total (1) Three Months Ended September 30, 2019 (in thousands) Beginning balance $ 37,162 $ (2,055 ) $ 12,043 $ 47,150 Other comprehensive income before reclassifications 14,593 — 3,137 17,730 Amounts reclassified from accumulated other comprehensive income (2) — 62 (58 ) 4 Net current-period other comprehensive income 14,593 62 3,079 17,734 Ending balance $ 51,755 $ (1,993 ) $ 15,122 $ 64,884 Three Months Ended September 30, 2018 Beginning balance $ (53,597 ) $ (2,324 ) $ — $ (55,921 ) Other comprehensive loss before reclassifications (14,149 ) — — (14,149 ) Amounts reclassified from accumulated other comprehensive loss (2) — 61 — 61 Net current-period other comprehensive income (loss) (14,149 ) 61 — (14,088 ) Ending balance $ (67,746 ) $ (2,263 ) $ — $ (70,009 ) Nine Months Ended September 30, 2019 Beginning balance $ (33,128 ) $ (2,177 ) $ — $ (35,305 ) Other comprehensive income before reclassifications 86,519 — 15,180 101,699 Amounts reclassified from accumulated other comprehensive loss (2) (1,636 ) 184 (58 ) (1,510 ) Net current-period other comprehensive income 84,883 184 15,122 100,189 Ending balance $ 51,755 $ (1,993 ) $ 15,122 $ 64,884 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 (2) (81 ) 183 — 102 Net current-period other comprehensive income (loss) (48,124 ) 183 — (47,941 ) Ending balance $ (67,746 ) $ (2,263 ) $ — $ (70,009 ) __________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. |
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 months ended September 30, 2019 and 2018 : Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, Affected line Item in the Consolidated 2019 2018 2019 2018 Statement of Income (in thousands) Unrealized gains and losses on available for sale debt securities Investment securities gains , net $ — $ — $ 2,132 $ 106 Investment securities gains (losses), net — — 2,132 106 Total before tax — — (496 ) (25 ) Income tax provision $ — $ — $ 1,636 $ 81 Net of tax Amortization of pension plan liability Actuarial losses $ (81 ) $ (80 ) $ (240 ) $ (239 ) Compensation and employee benefits (81 ) (80 ) (240 ) (239 ) Total before tax 19 19 56 56 Income tax provision $ (62 ) $ (61 ) $ (184 ) $ (183 ) Net of tax Unrealized gains and losses from hedging instruments Interest income $ 76 $ — $ 76 $ — Loans 76 — 76 — Total before tax (18 ) — (18 ) — Income tax provision $ 58 $ — $ 58 $ — Net of tax |
Fair Value Accounting and Mea_2
Fair Value Accounting and Measurement (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and December 31, 2018 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, 2019 (in thousands) Assets Debt securities available for sale: U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations (1) $ 2,482,835 $ — $ 2,482,835 $ — Other asset-backed securities (1) 171,578 — 171,578 — State and municipal debt securities 497,314 — 497,314 — U.S. government agency and government-sponsored enterprise securities 215,595 — 215,595 — U.S. government securities 250 250 — — Total debt securities available for sale $ 3,367,572 $ 250 $ 3,367,322 $ — Other assets: Interest rate contracts $ 25,045 $ — $ 25,045 $ — Interest rate collar $ 19,703 $ — $ 19,703 $ — Liabilities Other liabilities: Interest rate contracts $ 25,046 $ — $ 25,046 $ — Fair Value Fair Value Measurements at Reporting Date Using Level 1 Level 2 Level 3 December 31, 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) $ 2,013,355 $ — $ 2,013,355 $ — Other asset-backed securities (1) 174,935 — 174,935 — State and municipal debt securities 574,323 — 574,323 — U.S. government agency and government-sponsored enterprise securities 404,587 — 404,587 — U.S. government securities 248 248 — — Total debt securities available for sale $ 3,167,448 $ 248 $ 3,167,200 $ — Other assets: Interest rate contracts $ 7,033 $ — $ 7,033 $ — Liabilities Other liabilities: Interest rate contracts $ 7,033 $ — $ 7,033 $ — |
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 September 30, 2019 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended September 30, 2 019 Losses During the Nine Months Ended September 30, 20 19 Level 1 Level 2 Level 3 (in thousands) Impaired loans $ 8,990 $ — $ — $ 8,990 $ 1,722 $ 3,299 $ 8,990 $ — $ — $ 8,990 $ 1,722 $ 3,299 Fair value at September 30, 2018 Fair Value Measurements at Reporting Date Using Losses During the Three Months Ended September 30, 2 018 Losses During the Nine Months Ended September 30 , 2018 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, 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, 2019 and December 31, 2018 : September 30, 2019 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 278,461 $ 278,461 $ 278,461 $ — $ — Interest-earning deposits with banks 20,144 20,144 20,144 — — Debt securities available for sale 3,367,572 3,367,572 250 3,367,322 — FHLB stock 29,680 29,680 — 29,680 — Loans held for sale 15,036 15,036 — 15,036 — Loans 8,673,695 8,895,564 — — 8,895,564 Interest rate contracts 25,045 24,045 — 24,045 — Interest rate collar 19,703 19,703 — 19,703 — Liabilities Time deposits $ 366,773 $ 361,195 $ — $ 361,195 $ — FHLB advances 492,482 493,736 — 493,736 — Repurchase agreements 24,489 24,489 — 24,489 — Subordinated debentures 35,323 35,255 — 35,255 — Interest rate contracts 25,046 25,046 — 25,046 — December 31, 2018 Carrying Fair Level 1 Level 2 Level 3 (in thousands) Assets Cash and due from banks $ 260,180 $ 260,180 $ 260,180 $ — $ — Interest-earning deposits with banks 17,407 17,407 17,407 — — Debt securities available for sale 3,167,448 3,167,448 248 3,167,200 — FHLB stock 25,960 25,960 — 25,960 — Loans held for sale 3,849 3,849 — 3,849 — Loans 8,308,142 8,316,946 — — 8,316,946 Interest rate contracts 7,033 7,033 — 7,033 — Liabilities Time deposits $ 414,443 $ 407,659 $ — $ 407,659 $ — FHLB advances 399,523 400,085 — 400,085 — Repurchase agreements 61,094 61,094 — 61,094 — Subordinated debentures 35,462 34,897 — 34,897 — Interest rate contracts 7,033 7,033 — 7,033 — |
Fair Value, Inputs, Level 3 [Member] | Fair Value, 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 September 30, 2019 Valuation Technique Unobservable Input Range (Weighted Average) (1) (dollars in thousands) Impaired loans - collateral-dependent (2) $ 8,990 Fair Market Value of Collateral Adjustment to Stated Value 0.00% - 100.00% (42.09%) __________ (1) Discount applied to appraised value or stated value (in the case of accounts receivable, fixed assets and inventory). (2) Collateral consists of cash, accounts receivable, fixed assets, inventory and real estate. Fair value at September 30, 2018 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. |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 (in thousands except per share amounts) Basic EPS: Net income $ 50,727 $ 46,415 $ 148,322 $ 128,134 Less: Earnings allocated to participating securities: Nonvested restricted shares 358 504 1,204 1,413 Earnings allocated to common shareholders $ 50,369 $ 45,911 $ 147,118 $ 126,721 Weighted average common shares outstanding 71,803 72,427 72,256 72,370 Basic earnings per common share $ 0.70 $ 0.63 $ 2.04 $ 1.75 Diluted EPS: Earnings allocated to common shareholders $ 50,369 $ 45,911 $ 147,118 $ 126,721 Weighted average common shares outstanding 71,803 72,427 72,256 72,370 Dilutive effect of equity awards — 5 1 4 Weighted average diluted common shares outstanding 71,803 72,432 72,257 72,374 Diluted earnings per common share $ 0.70 $ 0.63 $ 2.04 $ 1.75 Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive — — — 5 |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) Noninterest income: Revenue from contracts with customers: Deposit account and treasury management fees $ 9,015 $ 9,266 $ 27,030 $ 26,689 Card revenue 4,006 3,714 11,431 16,143 Financial services and trust revenue 3,226 2,975 9,608 8,924 Total revenue from contracts with customers 16,247 15,955 48,069 51,756 Other sources of noninterest income 11,783 5,064 27,305 16,098 Total noninterest income $ 28,030 $ 21,019 $ 75,374 $ 67,854 |
Accounting Pronouncements Rec_2
Accounting Pronouncements Recently Issued Narrative - Impact of implementation of new accounting standards (Details) - USD ($) $ in Thousands | Jan. 01, 2020 | Sep. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Accounting Standards Update 2016-02 [Member] | ||||
Change in other assets due to adoption of new ASU | $ 49,200 | |||
Change in other liabilities due to adoption of new ASU | 48,200 | |||
Accounting Standards Update 2016-01 [Member] | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0 | |||
Accounting Standards Update 2018-15 [Member] | ||||
Change in other assets due to adoption of new ASU | $ 920 | |||
Retained Earnings [Member] | Accounting Standards Update 2016-02 [Member] | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 782 | |||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (157) | |||
Forecast [Member] | Minimum [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Estimated percentage change in allowance for credit losses | (10.00%) | |||
Forecast [Member] | Maximum [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Estimated percentage change in allowance for credit losses | 5.00% |
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, 2019 | Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | $ 531,453 | $ 276,306 | |
Less than 12 Months Unrealized Losses | (4,272) | (1,598) | |
12 Months or More Fair Value | 616,089 | 1,873,565 | |
12 Months or More Unrealized Losses | (7,325) | (54,368) | |
Total Fair Value | 1,147,542 | 2,149,871 | |
Total Unrealized Losses | (11,597) | (55,966) | |
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] | 478,690 | 114,551 |
Less than 12 Months Unrealized Losses | [1] | (4,017) | (750) |
12 Months or More Fair Value | [1] | 528,228 | 1,207,020 |
12 Months or More Unrealized Losses | [1] | (7,045) | (40,096) |
Total Fair Value | [1] | 1,006,918 | 1,321,571 |
Total Unrealized Losses | [1] | (11,062) | (40,846) |
Asset-backed Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | [1] | 0 | 40,071 |
Less than 12 Months Unrealized Losses | [1] | 0 | (222) |
12 Months or More Fair Value | [1] | 6,926 | 94,367 |
12 Months or More Unrealized Losses | [1] | (53) | (2,399) |
Total Fair Value | [1] | 6,926 | 134,438 |
Total Unrealized Losses | [1] | (53) | (2,621) |
State and Municipal Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 52,763 | 106,292 | |
Less than 12 Months Unrealized Losses | (255) | (581) | |
12 Months or More Fair Value | 23,237 | 280,496 | |
12 Months or More Unrealized Losses | (175) | (7,179) | |
Total Fair Value | 76,000 | 386,788 | |
Total Unrealized Losses | (430) | (7,760) | |
US Government Corporations and Agencies Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 0 | 15,392 | |
Less than 12 Months Unrealized Losses | 0 | (45) | |
12 Months or More Fair Value | 57,448 | 291,435 | |
12 Months or More Unrealized Losses | (52) | (4,691) | |
Total Fair Value | 57,448 | 306,827 | |
Total Unrealized Losses | (52) | (4,736) | |
US Government Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Less than 12 Months Fair Value | 0 | 0 | |
Less than 12 Months Unrealized Losses | 0 | 0 | |
12 Months or More Fair Value | 250 | 247 | |
12 Months or More Unrealized Losses | 0 | (3) | |
Total Fair Value | 250 | 247 | |
Total Unrealized Losses | $ 0 | $ (3) | |
[1] | Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. |
Securities (Securities Availabl
Securities (Securities Available for Sale) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | ||
Debt Securities, Available-for-sale [Line Items] | ||||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | $ 259,554 | $ 32,330 | ||
Debt securities available-for-sale, amortized cost | 3,300,143 | 3,300,143 | $ 3,210,615 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 79,026 | 79,026 | 12,799 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (11,597) | (11,597) | (55,966) | |||
Debt securities available for sale at fair value | 3,367,572 | 3,367,572 | 3,167,448 | |||
U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||||||
Debt Securities, Available-for-sale [Line Items] | ||||||
Debt securities available-for-sale, amortized cost | [1] | 2,432,873 | 2,432,873 | 2,045,728 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | [1] | 61,024 | 61,024 | 8,473 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | [1] | (11,062) | (11,062) | (40,846) | ||
Debt securities available for sale at fair value | [1] | 2,482,835 | 2,482,835 | 2,013,355 | ||
Asset-backed Securities [Member] | ||||||
Debt Securities, Available-for-sale [Line Items] | ||||||
Debt securities available-for-sale, amortized cost | [1] | 166,482 | 166,482 | 176,793 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | [1] | 5,149 | 5,149 | 763 | ||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | [1] | (53) | (53) | (2,621) | ||
Debt securities available for sale at fair value | [1] | 171,578 | 171,578 | 174,935 | ||
State and Municipal Securities [Member] | ||||||
Debt Securities, Available-for-sale [Line Items] | ||||||
Debt securities available-for-sale, amortized cost | 488,273 | 488,273 | 579,755 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 9,471 | 9,471 | 2,328 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (430) | (430) | (7,760) | |||
Debt securities available for sale at fair value | 497,314 | 497,314 | 574,323 | |||
U.S. Government and Government-Sponsored Enterprise Securities [Member] | ||||||
Debt Securities, Available-for-sale [Line Items] | ||||||
Debt securities available-for-sale, amortized cost | 212,265 | 212,265 | 408,088 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3,382 | 3,382 | 1,235 | |||
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (52) | (52) | (4,736) | |||
Debt securities available for sale at fair value | 215,595 | 215,595 | 404,587 | |||
US Government Securities [Member] | ||||||
Debt Securities, Available-for-sale [Line Items] | ||||||
Debt securities available-for-sale, amortized cost | 250 | 250 | 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 | 0 | 0 | (3) | |||
Debt securities available for sale at fair value | $ 250 | $ 250 | $ 248 | |||
[1] | Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. |
Securities (Schedule of Contrac
Securities (Schedule of Contractual Maturities of Investment Securities Available for Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale [Abstract] | ||
Due within one year, Amortized Cost | $ 112,412 | |
Due after one year through five years, Amortized Cost | 412,269 | |
Due after five years through ten years, Amortized Cost | 1,592,778 | |
Due after ten years, Amortized Cost | 1,182,684 | |
Debt securities available-for-sale, amortized cost | 3,300,143 | $ 3,210,615 |
Due within one year, Fair Value | 112,594 | |
Due after one year through five years, Fair Value | 416,294 | |
Due after five years through ten years, Fair Value | 1,650,631 | |
Due after ten years, Fair Value | 1,188,053 | |
Debt securities available-for-sale, Fair Value | $ 3,367,572 | $ 3,167,448 |
Securities (Carrying Value of S
Securities (Carrying Value of Securities Pledged as Collateral) (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | $ 710,468 |
To secure public funds | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | 443,320 |
To secure borrowings | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | 111,421 |
Other securities pledged | |
Debt Securities, Available-for-sale [Line Items] | |
Debt Securities, Available-for-sale, Restricted | $ 155,727 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||
Investments, Debt and Equity Securities [Abstract] | |||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | $ 259,554 | $ 32,330 | |
Gross Realized Gains from sales of debt securities available for sale | 0 | 0 | 3,357 | 235 | |
Gross Realized Losses from sales of debt securities available for sale | 0 | 0 | (1,225) | (129) | |
Other securities losses, net | [1] | 0 | (62) | 0 | (179) |
Investment securities gain (loss), net | $ 0 | $ (62) | $ 2,132 | $ (73) | |
[1] | Other securities losses, net includes net unrealized loss activity associated with equity securities for the periods ended September 30, 2018 . There were no sales of equity securities during the periods presented. |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019USD ($)security | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($)security | Sep. 30, 2018USD ($) | |
Debt Securities, Available-for-sale [Line Items] | ||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ | $ 0 | $ 0 | $ 259,554 | $ 32,330 |
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 | 170 | 170 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 211 | 211 | ||
Asset-backed Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 6 | 6 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 6 | 6 | ||
Municipal Bonds [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 27 | 27 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 81 | 81 | ||
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 | 7 | 7 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 7 | 7 | ||
US Government Securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Loans (Narrative) (Details)
Loans (Narrative) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019USD ($)contract | Sep. 30, 2018contract | Sep. 30, 2019USD ($)contract | Sep. 30, 2018contract | Dec. 31, 2018USD ($) | |
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 0 | 0 | 1 | 0 | |
Loans Receivable [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 3,180 | $ 3,180 | $ 3,220 | ||
Federal Reserve Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 138.9 | $ 138.9 | $ 82 |
Loans (Analysis of Loan Portfol
Loans (Analysis of Loan Portfolio by Major Types of Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans, net of unearned income | $ 8,756,355 | $ 8,391,511 | ||||
Less: unearned income on loans | (35,455) | (42,194) | ||||
Allowance for loan losses | (82,660) | $ (80,517) | (83,369) | $ (83,787) | $ (80,150) | $ (75,646) |
Loans, net | 8,673,695 | 8,308,142 | ||||
Loans held for sale | 15,036 | 3,849 | ||||
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 8,674,578 | 8,301,751 | ||||
Loans, net of unearned income | 8,674,578 | 8,301,751 | ||||
Less: unearned income on loans | (35,455) | (42,194) | ||||
Allowance for loan losses | (79,602) | (79,758) | ||||
Loans, net | 8,594,976 | 8,221,993 | ||||
Loans held for sale | 15,036 | 3,849 | ||||
Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 86,731 | 96,285 | ||||
Loans, net of unearned income | 81,777 | 89,760 | ||||
Less: unearned income on loans | 0 | 0 | ||||
Allowance for loan losses | (3,058) | (3,611) | ||||
Loans, net | 78,719 | 86,149 | ||||
Loans held for sale | 0 | 0 | ||||
Acquisition Accounting Valuation Discount on Covered Loans | 4,954 | 6,525 | ||||
Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 3,716,318 | 3,447,662 | ||||
Commercial Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 3,707,314 | 3,438,422 | ||||
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 9,234 | 9,672 | ||||
Loans, net of unearned income | 9,004 | 9,240 | ||||
One-to-Four Family Residential [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 280,482 | 246,384 | ||||
Allowance for loan losses | (603) | (645) | (593) | (372) | (461) | (701) |
One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 273,079 | 238,367 | ||||
Loans, net of unearned income | 273,033 | 236,026 | ||||
One-to-Four Family Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 8,764 | 9,848 | ||||
Loans, net of unearned income | 7,403 | 8,017 | ||||
One-to-Four Family Residential Construction [Domain] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 195,342 | 217,943 | ||||
One-to-Four Family Residential Construction [Domain] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 195,198 | 217,790 | ||||
One-to-Four Family Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 144 | 153 | ||||
Loans, net of unearned income | 144 | 153 | ||||
Commercial and Multifamily Residential [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 4,032,349 | 3,908,937 | ||||
Commercial and Multifamily Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 3,975,647 | 3,846,027 | ||||
Commercial and Multifamily Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 59,383 | 66,340 | ||||
Loans, net of unearned income | 56,702 | 62,910 | ||||
Real Estate Portfolio Segment [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 4,312,831 | 4,155,321 | ||||
Real Estate Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 4,248,726 | 4,084,394 | ||||
Real Estate Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 68,147 | 76,188 | ||||
Loans, net of unearned income | 64,105 | 70,927 | ||||
Real Estate Construction Portfolio Segment [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 457,614 | 502,871 | ||||
Real Estate Construction Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 456,984 | 502,184 | ||||
Real Estate Construction Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 606 | 660 | ||||
Loans, net of unearned income | 630 | 687 | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 305,047 | 327,851 | ||||
Allowance for loan losses | (4,225) | $ (5,194) | (5,301) | $ (5,023) | $ (5,292) | $ (5,163) |
Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 297,009 | 318,945 | ||||
Loans, net of unearned income | 296,827 | 318,215 | ||||
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 8,744 | 9,765 | ||||
Loans, net of unearned income | 8,038 | 8,906 | ||||
Commercial and Multifamily Residential Construction [Domain] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 262,272 | 284,928 | ||||
Commercial and Multifamily Residential Construction [Domain] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 261,786 | 284,394 | ||||
Commercial and Multifamily Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||
Loans and Leases Receivable, Gross | 462 | 507 | ||||
Loans, net of unearned income | $ 486 | $ 534 |
Loans (Analysis of Nonaccrual L
Loans (Analysis of Nonaccrual Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | $ 37,021 | $ 54,842 |
Unpaid Principal Balance Nonaccrual Loans | 48,126 | 65,358 |
Secured Loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 24,408 | 35,504 |
Unpaid Principal Balance Nonaccrual Loans | 35,033 | 45,072 |
Unsecured Loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 0 | 9 |
Unpaid Principal Balance Nonaccrual Loans | 0 | 9 |
One-to-Four Family Residential [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 574 | 1,158 |
Unpaid Principal Balance Nonaccrual Loans | 594 | 1,178 |
Commercial Land [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 2,562 | 2,261 |
Unpaid Principal Balance Nonaccrual Loans | 2,570 | 2,270 |
Income Property Multifamily [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 997 | 2,721 |
Unpaid Principal Balance Nonaccrual Loans | 997 | 3,062 |
Owner Occupied [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 6,524 | 9,922 |
Unpaid Principal Balance Nonaccrual Loans | 6,633 | 10,300 |
Land And Acquisition [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 0 | 318 |
Unpaid Principal Balance Nonaccrual Loans | 0 | 318 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Recorded Investment Nonaccrual Loans | 1,956 | 2,949 |
Unpaid Principal Balance Nonaccrual Loans | $ 2,299 | $ 3,149 |
Loans (Analysis of the Aged Loa
Loans (Analysis of the Aged Loan Portfolio) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | $ 37,021 | $ 54,842 |
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 8,612,450 | 8,218,651 |
Past Due Loans | 25,107 | 28,258 |
Nonaccrual Loans | 37,021 | 54,842 |
Total Loans | 8,674,578 | 8,301,751 |
Secured Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 24,408 | 35,504 |
Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 3,525,753 | 3,267,709 |
Past Due Loans | 5,822 | 9,488 |
Nonaccrual Loans | 24,408 | 35,504 |
Total Loans | 3,555,983 | 3,312,701 |
Unsecured Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 9 |
Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 138,947 | 111,868 |
Past Due Loans | 426 | 240 |
Nonaccrual Loans | 0 | 9 |
Total Loans | 139,373 | 112,117 |
One-to-Four Family Residential [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 574 | 1,158 |
One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 269,593 | 233,941 |
Past Due Loans | 2,866 | 927 |
Nonaccrual Loans | 574 | 1,158 |
Total Loans | 273,033 | 236,026 |
Commercial Land [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 2,562 | 2,261 |
Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 292,594 | 283,416 |
Past Due Loans | 140 | 0 |
Nonaccrual Loans | 2,562 | 2,261 |
Total Loans | 295,296 | 285,677 |
Income Property Multifamily [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 997 | 2,721 |
Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 1,955,634 | 1,910,505 |
Past Due Loans | 5,304 | 7,250 |
Nonaccrual Loans | 997 | 2,721 |
Total Loans | 1,961,935 | 1,920,476 |
Owner Occupied [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 6,524 | 9,922 |
Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 1,689,919 | 1,606,085 |
Past Due Loans | 1,865 | 1,744 |
Nonaccrual Loans | 6,524 | 9,922 |
Total Loans | 1,698,308 | 1,617,751 |
Land And Acquisition [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 318 |
Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 1,614 | 4,099 |
Past Due Loans | 0 | 0 |
Nonaccrual Loans | 0 | 318 |
Total Loans | 1,614 | 4,417 |
Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 192,563 | 212,303 |
Past Due Loans | 0 | 93 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 192,563 | 212,396 |
Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 151,362 | 194,912 |
Past Due Loans | 6,038 | 0 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 157,400 | 194,912 |
Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 100,610 | 79,805 |
Past Due Loans | 1,636 | 7,258 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 102,246 | 87,063 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 1,956 | 2,949 |
Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current Loans | 293,861 | 314,008 |
Past Due Loans | 1,010 | 1,258 |
Nonaccrual Loans | 1,956 | 2,949 |
Total Loans | 296,827 | 318,215 |
Financial Asset, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 4,369 | 6,299 |
Financial Asset, 60 to 89 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 262 | 3,624 |
Financial Asset, 60 to 89 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 2 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 437 | 233 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 3,266 | 2,241 |
Financial Asset, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 138 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 264 | 201 |
Financial Asset, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 20,738 | 21,959 |
Financial Asset, 30 to 59 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 5,560 | 5,864 |
Financial Asset, 30 to 59 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 424 | 240 |
Financial Asset, 30 to 59 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 2,429 | 694 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 140 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 2,038 | 5,009 |
Financial Asset, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 1,727 | 1,744 |
Financial Asset, 30 to 59 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 93 |
Financial Asset, 30 to 59 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 6,038 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 1,636 | 7,258 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 746 | 1,057 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, 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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 8,633,361 | $ 8,633,361 | $ 8,252,647 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 41,217 | 41,217 | 49,104 | ||
Recorded Investment | 26,040 | 26,040 | 35,753 | ||
Unpaid Principal Balance | 30,960 | 30,960 | 40,716 | ||
Related Allowance | 2,326 | 2,326 | 2,132 | ||
Average Recorded Investment Impaired Loans | 38,638 | $ 68,528 | 45,416 | $ 69,552 | |
Interest Recognized on Impaired Loans | 314 | 314 | 558 | 813 | |
Secured Loans [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 3,530,404 | 3,530,404 | 3,286,416 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 25,579 | 25,579 | 26,285 | ||
Recorded Investment | 9,114 | 9,114 | 6,350 | ||
Unpaid Principal Balance | 10,673 | 10,673 | 8,460 | ||
Related Allowance | 1,879 | 1,879 | 2,023 | ||
Average Recorded Investment Impaired Loans | 21,419 | 43,805 | 24,833 | 43,055 | |
Interest Recognized on Impaired Loans | 108 | 2 | 267 | 43 | |
Unsecured Loans [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 139,360 | 139,360 | 112,097 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 13 | 13 | 20 | ||
Recorded Investment | 13 | 13 | 20 | ||
Unpaid Principal Balance | 13 | 13 | 20 | ||
Related Allowance | 0 | 0 | 0 | ||
Average Recorded Investment Impaired Loans | 15 | 444 | 17 | 234 | |
Interest Recognized on Impaired Loans | 0 | 0 | 1 | 1 | |
One-to-Four Family Residential [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 272,686 | 272,686 | 235,138 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 347 | 347 | 888 | ||
Recorded Investment | 347 | 347 | 325 | ||
Unpaid Principal Balance | 635 | 635 | 798 | ||
Related Allowance | 5 | 5 | 8 | ||
Average Recorded Investment Impaired Loans | 596 | 545 | 736 | 713 | |
Interest Recognized on Impaired Loans | 12 | 12 | 29 | 30 | |
Commercial Land [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 292,436 | 292,436 | 283,451 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,860 | 2,860 | 2,226 | ||
Recorded Investment | 1,591 | 1,591 | 0 | ||
Unpaid Principal Balance | 1,601 | 1,601 | 0 | ||
Related Allowance | 320 | 320 | 0 | ||
Average Recorded Investment Impaired Loans | 2,861 | 2,246 | 2,704 | 2,407 | |
Interest Recognized on Impaired Loans | 8 | 26 | 23 | 26 | |
Income Property Multifamily [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,961,935 | 1,961,935 | 1,917,522 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | 2,954 | ||
Recorded Investment | 0 | 0 | 99 | ||
Unpaid Principal Balance | 0 | 0 | 165 | ||
Related Allowance | 0 | 0 | 1 | ||
Average Recorded Investment Impaired Loans | 664 | 2,443 | 1,401 | 3,367 | |
Interest Recognized on Impaired Loans | 0 | 34 | 0 | 96 | |
Owner Occupied [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,688,118 | 1,688,118 | 1,605,042 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 10,190 | 10,190 | 12,709 | ||
Recorded Investment | 3,733 | 3,733 | 3,231 | ||
Unpaid Principal Balance | 5,260 | 5,260 | 4,666 | ||
Related Allowance | 105 | 105 | 69 | ||
Average Recorded Investment Impaired Loans | 10,241 | 9,349 | 12,435 | 8,986 | |
Interest Recognized on Impaired Loans | 176 | 124 | 210 | 333 | |
Land And Acquisition [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,614 | 1,614 | 4,417 | ||
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 | ||
Residential Construction [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 192,563 | 192,563 | 212,396 | ||
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 | 605 | |
Interest Recognized on Impaired Loans | 0 | 0 | 0 | 0 | |
Income Property Multifamily Construction [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 157,400 | 157,400 | 194,912 | ||
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, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 102,246 | 102,246 | 87,063 | ||
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 | 4,050 | 0 | 4,050 | |
Interest Recognized on Impaired Loans | 0 | 72 | 0 | 174 | |
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | 294,599 | 294,599 | 314,193 | ||
Recorded Investment of Loans Individually Measured for Specific Impairment | 2,228 | 2,228 | 4,022 | ||
Recorded Investment | 379 | 379 | 3,326 | ||
Unpaid Principal Balance | 514 | 514 | 3,584 | ||
Related Allowance | 17 | 17 | 31 | ||
Average Recorded Investment Impaired Loans | 2,842 | 5,646 | 3,290 | 6,135 | |
Interest Recognized on Impaired Loans | 10 | $ 44 | 28 | $ 110 | |
Impaired Loans With Recorded Allowance [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 15,177 | 15,177 | 13,351 | ||
Unpaid Principal Balance | 18,696 | 18,696 | 17,693 | ||
Impaired Loans Without Recorded Allowance [Member] | Secured Loans [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 16,465 | 16,465 | 19,935 | ||
Unpaid Principal Balance | 21,051 | 21,051 | 24,404 | ||
Impaired Loans Without Recorded Allowance [Member] | Unsecured Loans [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | One-to-Four Family Residential [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 563 | ||
Unpaid Principal Balance | 0 | 0 | 575 | ||
Impaired Loans Without Recorded Allowance [Member] | Commercial Land [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 1,269 | 1,269 | 2,226 | ||
Unpaid Principal Balance | 1,304 | 1,304 | 2,272 | ||
Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 2,855 | ||
Unpaid Principal Balance | 0 | 0 | 3,011 | ||
Impaired Loans Without Recorded Allowance [Member] | Owner Occupied [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 6,457 | 6,457 | 9,478 | ||
Unpaid Principal Balance | 6,599 | 6,599 | 9,750 | ||
Impaired Loans Without Recorded Allowance [Member] | Land And Acquisition [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | Residential Construction [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily Construction [Member] | |||||
Financing Receivable, Credit Quality Indicator [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, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 0 | 0 | 0 | ||
Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired Loans Without Recorded Allowance [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Recorded Investment | 1,849 | 1,849 | 696 | ||
Unpaid Principal Balance | $ 2,006 | $ 2,006 | $ 704 |
Loans Loans (Analysis of Troubl
Loans Loans (Analysis of Troubled Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019USD ($)Modificationscontract | Sep. 30, 2018USD ($)Modificationscontract | Sep. 30, 2019USD ($)Modificationscontract | Sep. 30, 2018USD ($)Modificationscontract | Dec. 31, 2018USD ($) | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 0 | 0 | 1 | 0 | |
Financing Receivable Modifications Additional Commitment To Lend | $ 1,500 | $ 1,500 | $ 2,100 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 | $ 0 | $ 26 | $ 0 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 11 | 4 | 21 | 28 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 5,384 | $ 14,634 | $ 7,253 | $ 21,036 | |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 5,384 | $ 14,634 | $ 7,253 | $ 21,036 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Secured Loans [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 6 | 1 | 11 | 9 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 5,108 | $ 14,511 | $ 6,642 | $ 17,605 | |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 5,108 | $ 14,511 | $ 6,642 | $ 17,605 | |
Loans, Excluding Purchased Credit Impaired Loans [Member] | Income Property Multifamily [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 1 | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 217 | $ 891 | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 217 | $ 891 | |||
Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | Modifications | 5 | 3 | 9 | 18 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 276 | $ 123 | $ 394 | $ 2,540 | |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 276 | $ 123 | $ 394 | $ 2,540 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | |
Loans, Analysis of Purchased Credit Impaired Loans, Accretable Yield Rollforward [Abstract] | ||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 20,374 | $ 23,175 | $ 20,374 | $ 23,175 | $ 20,989 | $ 21,949 | $ 25,350 | $ 31,176 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 1,289 | 2,233 | 4,865 | 6,435 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Disposals of Loans | 45 | 221 | (61) | 387 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | $ 719 | $ 279 | $ 3,229 | $ (1,179) |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Provision for loan and lease losses | $ 299 | $ 3,153 | $ 1,879 | $ 12,980 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | $ 80,517 | $ 80,150 | $ 83,369 | $ 75,646 |
Charged-offs | (3,372) | (2,091) | (11,647) | (13,640) |
Recoveries | 5,216 | 2,575 | 9,059 | 8,801 |
Provision for loan and lease losses | 299 | 3,153 | 1,879 | 12,980 |
Ending balance | 82,660 | 83,787 | 82,660 | 83,787 |
Specific Reserve | 2,326 | 1,255 | 2,326 | 1,255 |
General Allocation | 80,334 | 82,532 | 80,334 | 82,532 |
Secured Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 37,862 | 40,350 | 43,188 | 29,341 |
Charged-offs | (2,365) | (576) | (7,717) | (8,741) |
Recoveries | 202 | 496 | 1,040 | 2,536 |
Provision for loan and lease losses | 5,721 | 2,912 | 4,909 | 20,046 |
Ending balance | 41,420 | 43,182 | 41,420 | 43,182 |
Specific Reserve | 1,879 | 1,139 | 1,879 | 1,139 |
General Allocation | 39,541 | 42,043 | 39,541 | 42,043 |
Unsecured Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 3,010 | 2,443 | 2,626 | 2,000 |
Charged-offs | 0 | (30) | (15) | (117) |
Recoveries | 156 | 51 | 345 | 356 |
Provision for loan and lease losses | 423 | (41) | 633 | 184 |
Ending balance | 3,589 | 2,423 | 3,589 | 2,423 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 3,589 | 2,423 | 3,589 | 2,423 |
One-to-Four Family Residential [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 645 | 461 | 593 | 701 |
Charged-offs | 0 | 0 | (2) | 0 |
Recoveries | 65 | 21 | 102 | 389 |
Provision for loan and lease losses | (107) | (110) | (90) | (718) |
Ending balance | 603 | 372 | 603 | 372 |
Specific Reserve | 5 | 8 | 5 | 8 |
General Allocation | 598 | 364 | 598 | 364 |
Commercial Land [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,409 | 3,278 | 3,947 | 4,265 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 79 | 8 | 93 | 92 |
Provision for loan and lease losses | 560 | (87) | 2,008 | (1,158) |
Ending balance | 6,048 | 3,199 | 6,048 | 3,199 |
Specific Reserve | 320 | 0 | 320 | 0 |
General Allocation | 5,728 | 3,199 | 5,728 | 3,199 |
Income Property Multifamily [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,325 | 4,102 | 4,044 | 5,672 |
Charged-offs | 0 | 0 | 0 | (223) |
Recoveries | 104 | 202 | 152 | 901 |
Provision for loan and lease losses | 35 | (292) | 1,268 | (2,338) |
Ending balance | 5,464 | 4,012 | 5,464 | 4,012 |
Specific Reserve | 0 | 1 | 0 | 1 |
General Allocation | 5,464 | 4,011 | 5,464 | 4,011 |
Owner Occupied [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,230 | 4,356 | 4,533 | 5,459 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 1 | 3 | 3 | 19 |
Provision for loan and lease losses | 500 | 316 | 1,195 | (803) |
Ending balance | 5,731 | 4,675 | 5,731 | 4,675 |
Specific Reserve | 105 | 71 | 105 | 71 |
General Allocation | 5,626 | 4,604 | 5,626 | 4,604 |
Land And Acquisition [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 153 | 848 | 549 | 963 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 105 | 582 | 236 | 610 |
Provision for loan and lease losses | (124) | (742) | (651) | (885) |
Ending balance | 134 | 688 | 134 | 688 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 134 | 688 | 134 | 688 |
Residential Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 6,103 | 4,572 | 5,536 | 3,709 |
Charged-offs | 0 | 0 | (170) | 0 |
Recoveries | 2,366 | 1 | 2,956 | 6 |
Provision for loan and lease losses | (2,852) | 660 | (2,705) | 1,518 |
Ending balance | 5,617 | 5,233 | 5,617 | 5,233 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 5,617 | 5,233 | 5,617 | 5,233 |
Income Property Multifamily Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,198 | 7,367 | 5,784 | 7,053 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 1 | 0 |
Provision for loan and lease losses | (505) | 573 | (2,092) | 887 |
Ending balance | 3,693 | 7,940 | 3,693 | 7,940 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 3,693 | 7,940 | 3,693 | 7,940 |
Owner Occupied Construction [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,412 | 2,299 | 2,604 | 4,413 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision for loan and lease losses | 595 | 138 | 403 | (1,976) |
Ending balance | 3,007 | 2,437 | 3,007 | 2,437 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 3,007 | 2,437 | 3,007 | 2,437 |
Consumer Portfolio Segment [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,194 | 5,292 | 5,301 | 5,163 |
Charged-offs | (285) | (277) | (1,117) | (773) |
Recoveries | 326 | 266 | 742 | 796 |
Provision for loan and lease losses | (1,010) | (258) | (701) | (163) |
Ending balance | 4,225 | 5,023 | 4,225 | 5,023 |
Specific Reserve | 17 | 36 | 17 | 36 |
General Allocation | 4,208 | 4,987 | 4,208 | 4,987 |
Purchased Credit Impaired Loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 3,269 | 4,782 | 3,611 | 6,907 |
Charged-offs | (722) | (1,208) | (2,626) | (3,786) |
Recoveries | 1,812 | 945 | 3,389 | 3,096 |
Provision for loan and lease losses | (1,301) | (502) | (1,316) | (2,200) |
Ending balance | 3,058 | 4,017 | 3,058 | 4,017 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | 3,058 | 4,017 | 3,058 | 4,017 |
Unallocated Financing Receivables [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 1,707 | 0 | 1,053 | 0 |
Charged-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision for loan and lease losses | (1,636) | 586 | (982) | 586 |
Ending balance | 71 | 586 | 71 | 586 |
Specific Reserve | 0 | 0 | 0 | 0 |
General Allocation | $ 71 | $ 586 | $ 71 | $ 586 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | ||||
Beginning balance | $ 3,980 | $ 3,680 | $ 4,330 | $ 3,130 |
Allowance for Loan and Lease Losses, Net Changes In Unfunded Commitments and Letters Of Credit Allowance | (400) | 275 | (750) | 825 |
Ending balance | $ 3,580 | $ 3,955 | $ 3,580 | $ 3,955 |
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, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Net of Deferred Income | $ 8,756,355 | $ 8,391,511 | ||||
Less: ALLL | 82,660 | $ 80,517 | 83,369 | $ 83,787 | $ 80,150 | $ 75,646 |
Loans, net | 8,673,695 | 8,308,142 | ||||
Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,674,578 | 8,301,751 | ||||
Loans and Leases Receivable, Net of Deferred Income | 8,674,578 | 8,301,751 | ||||
Less: ALLL | 79,602 | 79,758 | ||||
Loans, net | 8,594,976 | 8,221,993 | ||||
Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 86,731 | 96,285 | ||||
Loans and Leases Receivable, Net of Deferred Income | 81,777 | 89,760 | ||||
Acquisition Accounting Valuation Discount on Purchased Credit Impaired Loans | 4,954 | 6,525 | ||||
Less: ALLL | 3,058 | 3,611 | ||||
Loans, net | 78,719 | 86,149 | ||||
Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,429,019 | 8,029,658 | ||||
Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 77,869 | 94,337 | ||||
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 | 47,014 | 105,844 | ||||
Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,597 | 0 | ||||
Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 198,543 | 166,239 | ||||
Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 7,265 | 1,948 | ||||
Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 2 | 10 | ||||
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: ALLL | 41,420 | 37,862 | 43,188 | 43,182 | 40,350 | 29,341 |
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 | 3,555,983 | 3,312,701 | ||||
Secured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,684 | 8,881 | ||||
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 | 3,433,097 | 3,160,910 | ||||
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 | 7,008 | 8,041 | ||||
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 | 30,153 | 48,779 | ||||
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 | 955 | 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 | 92,731 | 103,007 | ||||
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 | 721 | 840 | ||||
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 | 2 | 5 | ||||
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: ALLL | 3,589 | 3,010 | 2,626 | 2,423 | 2,443 | 2,000 |
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 | 139,373 | 112,117 | ||||
Unsecured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 550 | 791 | ||||
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 | 139,176 | 112,091 | ||||
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 | 550 | 692 | ||||
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 | 0 | 21 | ||||
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 | 197 | 0 | ||||
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 | 0 | 99 | ||||
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 | 5 | ||||
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] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 280,482 | 246,384 | ||||
Less: ALLL | 603 | 645 | 593 | 372 | 461 | 701 |
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 | 273,079 | 238,367 | ||||
Loans and Leases Receivable, Net of Deferred Income | 273,033 | 236,026 | ||||
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 | 8,764 | 9,848 | ||||
Loans and Leases Receivable, Net of Deferred Income | 7,403 | 8,017 | ||||
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 | 272,021 | 234,416 | ||||
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 | 8,521 | 9,633 | ||||
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 | 0 | ||||
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 | 1,012 | 1,610 | ||||
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 | 243 | 215 | ||||
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: ALLL | 6,048 | 5,409 | 3,947 | 3,199 | 3,278 | 4,265 |
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 | 295,296 | 285,677 | ||||
Commercial Land [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 9,634 | 10,363 | ||||
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 | 277,264 | 276,348 | ||||
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 | 8,920 | 10,363 | ||||
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 | 4,665 | 5,082 | ||||
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 | 642 | 0 | ||||
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 | 13,367 | 4,247 | ||||
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 | 72 | 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: ALLL | 5,464 | 5,325 | 4,044 | 4,012 | 4,102 | 5,672 |
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 | 1,961,935 | 1,920,476 | ||||
Income Property Multifamily [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 18,737 | 19,680 | ||||
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 | 1,917,596 | 1,876,925 | ||||
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 | 18,737 | 19,680 | ||||
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 | 3,918 | 36,998 | ||||
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 | 40,421 | 6,553 | ||||
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 | 0 | 0 | ||||
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: ALLL | 5,731 | 5,230 | 4,533 | 4,675 | 4,356 | 5,459 |
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 | 1,698,308 | 1,617,751 | ||||
Owner Occupied [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 31,012 | 36,297 | ||||
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 | 1,642,558 | 1,556,852 | ||||
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 | 25,059 | 35,944 | ||||
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 | 8,278 | 14,964 | ||||
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 | 47,472 | 45,935 | ||||
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 | 5,953 | 353 | ||||
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: ALLL | 134 | 153 | 549 | 688 | 848 | 963 |
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 | 1,614 | 4,417 | ||||
Land And Acquisition [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 144 | 153 | ||||
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 | 1,614 | 4,099 | ||||
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 | 144 | 151 | ||||
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 | 0 | 318 | ||||
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 | 0 | 2 | ||||
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: ALLL | 5,617 | 6,103 | 5,536 | 5,233 | 4,572 | 3,709 |
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 | 192,563 | 212,396 | ||||
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 | 192,563 | 212,225 | ||||
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] | 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 | 171 | ||||
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] | 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] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: ALLL | 3,693 | 4,198 | 5,784 | 7,940 | 7,367 | 7,053 |
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 | 157,400 | 194,912 | ||||
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 | 462 | 507 | ||||
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 | 157,400 | 194,912 | ||||
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 | 462 | 507 | ||||
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: ALLL | 3,007 | 2,412 | 2,604 | 2,437 | 2,299 | 4,413 |
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 | 102,246 | 87,063 | ||||
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 | 102,246 | 87,063 | ||||
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] | 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 | ||||
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] | 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] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 305,047 | 327,851 | ||||
Less: ALLL | 4,225 | $ 5,194 | 5,301 | $ 5,023 | $ 5,292 | $ 5,163 |
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 | 297,009 | 318,945 | ||||
Loans and Leases Receivable, Net of Deferred Income | 296,827 | 318,215 | ||||
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 8,744 | 9,765 | ||||
Loans and Leases Receivable, Net of Deferred Income | 8,038 | 8,906 | ||||
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 | 293,484 | 313,817 | ||||
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 | 8,468 | 9,326 | ||||
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 | 3,343 | 4,398 | ||||
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 | 276 | 439 | ||||
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Other Real Estate Owned [Line Items] | ||||
Balance, beginning of period | $ 1,118 | $ 7,080 | $ 6,019 | $ 13,298 |
Transfers in | 0 | 794 | 386 | 1,200 |
Valuation adjustments | 0 | (495) | (195) | (697) |
Proceeds from Sale of OREO Property | 588 | 47 | 6,382 | 5,868 |
Loss on sale of OREO, net | 95 | (1) | 797 | (602) |
Total OREO, end of period | 625 | $ 7,331 | 625 | $ 7,331 |
Mortgage Loans in Process of Foreclosure, Amount | 1,300 | 1,300 | ||
One-to-Four Family Residential [Member] | ||||
Other Real Estate Owned [Line Items] | ||||
Total OREO, end of period | $ 311 | $ 311 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | |
Goodwill and Intangible Assets [Roll Forward] | ||||||||
Total goodwill, beginning of period | $ 765,842 | |||||||
Total goodwill, end of period | $ 765,842 | $ 765,842 | 765,842 | $ 765,842 | ||||
CDI current period amortization | (2,632) | (3,070) | (8,029) | (9,346) | ||||
Indefinite-lived Intangible Assets (Excluding Goodwill) | 919 | 919 | 919 | 919 | ||||
Other intangible assets, net | 37,908 | 48,827 | 37,908 | 48,827 | $ 45,937 | |||
Total goodwill and intangible assets, end of period | 803,750 | 814,669 | $ 803,750 | 814,669 | ||||
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 | $ 105,473 | $ 105,473 | ||||
Accumulated amortization at beginning of period | $ (65,852) | $ (60,455) | $ (54,495) | $ (48,219) | ||||
Core deposit intangible, net, beginning of period | 39,621 | 50,978 | $ 45,018 | 57,254 | ||||
CDI current period amortization | (2,632) | (3,070) | (8,029) | (9,346) | ||||
Total core deposit intangible, end of period | $ 36,989 | $ 47,908 | $ 36,989 | $ 47,908 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets (Estimated Future Amortization Expense of Core Deposit Intangibles) (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Future Amortization Expense For Core Deposit Intangibles | |
2019 | $ 2,451 |
2020 | 8,724 |
2021 | 7,264 |
2022 | 5,880 |
2023 | $ 4,552 |
Leases (Details)
Leases (Details) - USD ($) $ in Thousands | Sep. 26, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | |
Other Commitments [Line Items] | ||||
Operating Lease, Right-of-Use Asset | $ 51,295 | $ 51,295 | ||
Operating Lease, Liability | $ 57,196 | $ 57,196 | ||
Operating Lease, Weighted Average Remaining Lease Term | 7 years 6 months | 7 years 6 months | ||
Operating Lease, Weighted Average Discount Rate, Percent | 3.10% | 3.10% | ||
Operating Lease, Payments | $ 2,800 | |||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 9,200 | |||
Operating Lease, Cost | [1] | 2,700 | $ 8,285 | |
Variable Lease, Cost | 487 | 1,510 | ||
Sublease Income | (297) | (918) | ||
Lease, Cost | $ 2,890 | $ 8,877 | ||
WASHINGTON | ||||
Other Commitments [Line Items] | ||||
Sale Leaseback Transaction, Date | Sep. 26, 2019 | |||
Sale and Leaseback Transaction, Gain (Loss), Net | $ 5,900 | |||
[1] | Includes short-term lease costs, which are immaterial. |
Future minimum payments for ope
Future minimum payments for operating leases (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2019 | $ 2,717 |
2020 | 10,619 |
2021 | 10,376 |
2022 | 9,795 |
2023 | 8,546 |
Thereafter | 22,685 |
Total future minimum lease payments | 64,738 |
Amounts representing interest | 7,542 |
Present value of minimum lease payments | $ 57,196 |
Leases Prior disclosed minimum
Leases Prior disclosed minimum lease payments schedule (Details) $ in Thousands | Dec. 31, 2018USD ($) |
Leases ASC 840 [Abstract] | |
2019 | $ 10,947 |
2020 | 9,766 |
2021 | 8,729 |
2022 | 8,102 |
2023 | 6,796 |
Thereafter | 18,703 |
Total minimum payments | $ 63,043 |
Revolving Line of Credit (Detai
Revolving Line of Credit (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Line of Credit Facility [Line Items] | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 30,000 |
Line of Credit [Member] | |
Line of Credit Facility [Line Items] | |
Short-term Debt | $ 0 |
Derivatives and Balance Sheet_3
Derivatives and Balance Sheet Offsetting (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Derivative [Line Items] | |||||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 0 | ||||
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 24,489,000 | $ 24,489,000 | |||
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 | 24,489,000 | 24,489,000 | |||
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 | 24,489,000 | 24,489,000 | |||
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 | 396,500,000 | 396,500,000 | $ 366,700,000 | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 1,000 | (2,000) | $ 9,000 | ||
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Contracts [Member] | |||||
Derivative [Line Items] | |||||
Fair value of asset derivative instruments | 25,045,000 | 25,045,000 | 7,033,000 | ||
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Contracts [Member] | |||||
Derivative [Line Items] | |||||
Fair value of liability derivative instruments | 25,046,000 | 25,046,000 | 7,033,000 | ||
Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | |||||
Derivative [Line Items] | |||||
Derivative, Notional Amount | 500,000,000 | 500,000,000 | |||
Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest rate collar [Domain] | |||||
Derivative [Line Items] | |||||
Fair value of asset derivative instruments | 19,703,000 | 19,703,000 | 0 | ||
Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest rate collar [Domain] | |||||
Derivative [Line Items] | |||||
Fair value of liability derivative instruments | $ 0 | $ 0 | $ 0 |
Derivatives and Balance Sheet_4
Derivatives and Balance Sheet Offsetting Balance Sheet Offsetting (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Balance Sheet Offsetting [Line Items] | |||||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 0 | ||||
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | 3,100,000 | $ 3,100,000 | |||
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss) | 4,088,000 | $ 0 | 19,779,000 | $ 0 | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 76,000 | 0 | 76,000 | 0 | |
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 24,489,000 | 24,489,000 | |||
Repurchase agreements, amounts offset in balance sheet | 0 | 0 | $ 0 | ||
Repurchase agreements, net amount presented in statement of financial position | 24,489,000 | 24,489,000 | 61,094,000 | ||
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities | (24,489,000) | (24,489,000) | (61,094,000) | ||
Securities sold under agreements to repurchase, amount not offset | 0 | 0 | 0 | ||
Interest Rate Contracts [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | 0 | 0 | ||
Derivative Asset | 25,045,000 | 25,045,000 | 7,033,000 | ||
Derivative, Collateral, Obligation to Return Cash | 0 | 0 | 0 | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 25,045,000 | 25,045,000 | 7,033,000 | ||
Derivative Liability, Gross Amounts Offset in Balance Sheets | 0 | 0 | 0 | ||
Derivative Liability | 25,046,000 | 25,046,000 | 7,033,000 | ||
Derivative, Collateral, Right to Reclaim Cash | 25,046,000 | 25,046,000 | 3,235,000 | ||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 0 | 0 | 3,798,000 | ||
Interest rate collar [Domain] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | 0 | |||
Derivative Asset | 19,703,000 | 19,703,000 | |||
Derivative, Collateral, Obligation to Return Cash | (19,703,000) | (19,703,000) | |||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 0 | 0 | |||
Available-for-sale Securities [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Securities Sold under Agreements to Repurchase, Gross | 24,489,000 | 24,489,000 | 61,094,000 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 1,000 | (2,000) | $ 9,000 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Assets [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Fair value of asset derivative instruments | 25,045,000 | 25,045,000 | 7,033,000 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Liabilities [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Fair value of liability derivative instruments | 25,046,000 | 25,046,000 | 7,033,000 | ||
Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | Other Assets [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Fair value of asset derivative instruments | 19,703,000 | 19,703,000 | 0 | ||
Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | Other Liabilities [Member] | |||||
Balance Sheet Offsetting [Line Items] | |||||
Fair value of liability derivative instruments | 0 | 0 | $ 0 | ||
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 | 24,489,000 | 24,489,000 | |||
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 | $ 24,489,000 | $ 24,489,000 |
Commitments and contingent li_2
Commitments and contingent liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Commitments to Extend Credit [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $ 2,590,000 | $ 2,620,000 |
Standby Letters of Credit [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 26,900 | 28,300 |
Commercial Letter of Credit and other off-balance sheet liabilities [Member] | ||
Other Commitments [Line Items] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $ 24 | $ 0 |
Shareholders' Equity (Details)
Shareholders' Equity (Details) - $ / shares | Oct. 24, 2019 | Jul. 25, 2019 | Apr. 25, 2019 | Jan. 24, 2019 |
Subsequent Event [Line Items] | ||||
Common Stock, Special Cash Dividends, Per Share, Declared | $ 0 | $ 0.14 | $ 0.14 | |
Declared quarterly cash dividend | $ 0.28 | $ 0.28 | $ 0.28 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Declared quarterly cash dividend | $ 0.28 |
Shareholders' Equity Share repu
Shareholders' Equity Share repurchase (Details) - $ / shares shares in Thousands | Oct. 24, 2019 | Jul. 25, 2019 | Apr. 25, 2019 | Jan. 24, 2019 | Sep. 30, 2019 | Sep. 30, 2019 |
Class of Stock [Line Items] | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.28 | $ 0.28 | $ 0.28 | |||
Treasury Stock, Shares, Acquired | 676 | 1,300 | ||||
Treasury Stock Acquired, Average Cost Per Share | $ 34.77 | $ 34.89 | ||||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 1,600 | 1,600 | ||||
Subsequent Event [Member] | ||||||
Class of Stock [Line Items] | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.28 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2017 | ||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
Beginning balance | $ 47,150 | $ (55,921) | $ (35,305) | $ (22,225) | ||||||
Other comprehensive income before reclassifications | [1] | 17,730 | (14,149) | 101,699 | (48,043) | |||||
Amounts reclassified from accumulated other comprehensive income (2) | [1] | 4 | 61 | (1,510) | 102 | |||||
Net current-period other comprehensive income | [1] | 17,734 | (14,088) | 100,189 | (47,941) | |||||
Ending balance | 64,884 | (70,009) | 64,884 | (70,009) | ||||||
Unrealized Gains and Losses on Available-for-Sale Debt Securities [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
Beginning balance | 37,162 | (53,597) | (33,128) | (19,779) | ||||||
Other comprehensive income before reclassifications | [1] | 14,593 | (14,149) | 86,519 | (48,043) | |||||
Amounts reclassified from accumulated other comprehensive income (2) | 0 | [2] | 0 | [1] | (1,636) | [1] | (81) | [1] | ||
Net current-period other comprehensive income | [1] | 14,593 | (14,149) | 84,883 | (48,124) | |||||
Ending balance | 51,755 | (67,746) | 51,755 | (67,746) | ||||||
Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
Beginning balance | (2,055) | (2,324) | (2,177) | (2,446) | ||||||
Other comprehensive income before reclassifications | [1] | 0 | 0 | 0 | 0 | |||||
Amounts reclassified from accumulated other comprehensive income (2) | [1] | 62 | 61 | 184 | 183 | |||||
Net current-period other comprehensive income | [1] | 62 | 61 | 184 | 183 | |||||
Ending balance | (1,993) | (2,263) | (1,993) | (2,263) | ||||||
Unrealized gains and losses on cash flow hedge | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
Beginning balance | 12,043 | 0 | 0 | 0 | ||||||
Other comprehensive income before reclassifications | 3,137 | [1] | 0 | [1] | 15,180 | [2] | 0 | [1] | ||
Amounts reclassified from accumulated other comprehensive income (2) | [2] | (58) | 0 | (58) | 0 | |||||
Net current-period other comprehensive income | [1] | 3,079 | 0 | 15,122 | 0 | |||||
Ending balance | $ 15,122 | $ 0 | $ 15,122 | $ 0 | ||||||
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 Debt 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] | Unrealized gains and losses on cash flow hedge | ||||||||||
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. | |||||||||
[2] | (2) See following table for details about these reclassifications. |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Reclassification out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Investment securities gains, net | $ 2,132 | $ (73) | ||
Total before tax | $ 63,105 | $ 57,821 | 183,579 | 156,354 |
Income tax provision | (12,378) | (11,406) | (35,257) | (28,220) |
Compensation and employee benefits | 54,459 | 49,419 | 158,559 | 148,938 |
Net income | 50,727 | 46,415 | 148,322 | 128,134 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Available-for-Sale Debt Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Investment securities gains, net | 0 | 0 | 2,132 | 106 |
Total before tax | 0 | 0 | 2,132 | 106 |
Income tax provision | 0 | 0 | (496) | (25) |
Net income | 0 | 0 | 1,636 | 81 |
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] | ||||
Total before tax | (81) | (80) | (240) | (239) |
Income tax provision | 19 | 19 | 56 | 56 |
Compensation and employee benefits | (81) | (80) | (240) | (239) |
Net income | (62) | (61) | (184) | (183) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized gains and losses from hedging instruments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Total before tax | 76 | 0 | 76 | 0 |
Income tax provision | (18) | 0 | (18) | 0 |
Net income | 58 | 0 | 58 | 0 |
Interest income | $ 76 | $ 0 | $ 76 | $ 0 |
Fair Value Accounting and Mea_3
Fair Value Accounting and Measurement (Financial Assets And Liabilities Accounted for Fair Value On Recurring Basis) (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value, Level 1 to level 2 Transfers, Amount | $ 0 | $ 0 | ||
Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 3,367,572,000 | $ 3,167,448,000 | ||
Other assets (Interest rate contracts) | 25,045,000 | 7,033,000 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 19,703,000 | |||
Other liabilities (Interest rate contracts) | 25,046,000 | 7,033,000 | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 250,000 | 248,000 | ||
Other assets (Interest rate contracts) | 0 | 0 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | |||
Other liabilities (Interest rate contracts) | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 3,367,322,000 | 3,167,200,000 | ||
Other assets (Interest rate contracts) | 25,045,000 | 7,033,000 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 19,703,000 | |||
Other liabilities (Interest rate contracts) | 25,046,000 | 7,033,000 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
Other assets (Interest rate contracts) | 0 | 0 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 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, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 2,482,835,000 | 2,013,355,000 | |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 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, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 2,482,835,000 | 2,013,355,000 | |
U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 0 | 0 | |
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 171,578,000 | 174,935,000 | |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 0 | 0 | |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 171,578,000 | 174,935,000 | |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | [1] | 0 | 0 | |
State and Municipal Securities [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 497,314,000 | 574,323,000 | ||
State and Municipal Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
State and Municipal Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 497,314,000 | 574,323,000 | ||
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
U.S. Government Agency [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 215,595,000 | 404,587,000 | ||
U.S. Government Agency [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
U.S. Government Agency [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 215,595,000 | 404,587,000 | ||
U.S. Government Agency [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
US Government Securities [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 250,000 | 248,000 | ||
US Government Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 250,000 | 248,000 | ||
US Government Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | 0 | 0 | ||
US Government Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Debt securities available for sale | $ 0 | $ 0 | ||
[1] | Beginning July 2019, other asset-backed securities were presented separately in this table. Prior period amounts that were previously reported in U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations have been reclassified to conform to current period presentation. |
Fair Value Accounting and Mea_4
Fair Value Accounting and Measurement (Financial Assets Accounted For Fair Value On Nonrecurring Basis) (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | $ 8,990 | $ 14,616 | $ 8,990 | $ 14,616 |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | 1,722 | 1,653 | 3,299 | 1,653 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 1,240 | ||
Assets, Fair Value Disclosure | 8,990 | 15,856 | 8,990 | 15,856 |
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 | ||
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 | ||
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 | 8,990 | 14,616 | 8,990 | 14,616 |
Other Real Estate Owned, Fair Value Disclosure | 1,240 | 1,240 | ||
Assets, Fair Value Disclosure | 8,990 | 15,856 | 8,990 | 15,856 |
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) | $ 1,722 | 1,208 | $ 3,299 | 1,208 |
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 | $ 445 |
Fair Value Accounting and Mea_5
Fair Value Accounting and Measurement (Quantitative Information About Level 3 Fair Value Measurements) (Details) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) |
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value, Level 1 to level 2 Transfers, Amount | $ 0 | $ 0 |
Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | 8,990,000 | 14,616,000 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | 8,990,000 | 14,616,000 |
Collateral Pledged [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired loans | $ 8,990,000 | $ 14,616,000 |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0 | 0 |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 1 | 0.5451 |
Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Impaired Loans, Measurement Input | 0.4209 | 0.0666 |
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, 2019 | Dec. 31, 2018 |
Assets | ||
Interest-earning deposits with banks | $ 20,144 | $ 17,407 |
Debt securities available for sale | 3,367,572 | 3,167,448 |
Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 278,461 | 260,180 |
Interest-earning deposits with banks | 20,144 | 17,407 |
Debt securities available for sale | 3,367,572 | 3,167,448 |
FHLB stock | 29,680 | 25,960 |
Loans held for sale | 15,036 | 3,849 |
Loans | 8,895,564 | 8,316,946 |
Interest rate contracts | 24,045 | 7,033 |
Interest Rate Cash Flow Hedge Asset at Fair Value | 19,703 | |
Liabilities | ||
Deposits | 361,195 | 407,659 |
FHLB Advances | 493,736 | 400,085 |
Repurchase agreements | 24,489 | 61,094 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,255 | 34,897 |
Interest rate contracts | 25,046 | 7,033 |
Reported Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 278,461 | 260,180 |
Interest-earning deposits with banks | 20,144 | 17,407 |
Debt securities available for sale | 3,367,572 | 3,167,448 |
FHLB stock | 29,680 | 25,960 |
Loans held for sale | 15,036 | 3,849 |
Loans | 8,673,695 | 8,308,142 |
Interest rate contracts | 25,045 | 7,033 |
Interest Rate Cash Flow Hedge Asset at Fair Value | 19,703 | |
Liabilities | ||
Deposits | 366,773 | 414,443 |
FHLB Advances | 492,482 | 399,523 |
Repurchase agreements | 24,489 | 61,094 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,323 | 35,462 |
Interest rate contracts | 25,046 | 7,033 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and due from banks | 278,461 | 260,180 |
Interest-earning deposits with banks | 20,144 | 17,407 |
Debt securities available for sale | 250 | 248 |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 0 | 0 |
Interest rate contracts | 0 | 0 |
Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | |
Liabilities | ||
Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Interest rate contracts | 0 | 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 | 3,367,322 | 3,167,200 |
FHLB stock | 29,680 | 25,960 |
Loans held for sale | 15,036 | 3,849 |
Loans | 0 | 0 |
Interest rate contracts | 24,045 | 7,033 |
Interest Rate Cash Flow Hedge Asset at Fair Value | 19,703 | |
Liabilities | ||
Deposits | 361,195 | 407,659 |
FHLB Advances | 493,736 | 400,085 |
Repurchase agreements | 24,489 | 61,094 |
Subordinated Debt Obligations, Fair Value Disclosure | 35,255 | 34,897 |
Interest rate contracts | 25,046 | 7,033 |
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 |
FHLB stock | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans | 8,895,564 | 8,316,946 |
Interest rate contracts | 0 | 0 |
Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | |
Liabilities | ||
Deposits | 0 | 0 |
FHLB Advances | 0 | 0 |
Repurchase agreements | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Interest rate contracts | $ 0 | $ 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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||||
Net Income | $ 50,727 | $ 46,415 | $ 148,322 | $ 128,134 |
Earnings allocated to participating securities - nonvested restricted shares | 358 | 504 | 1,204 | 1,413 |
Earnings allocated to common shareholders, Basic | $ 50,369 | $ 45,911 | $ 147,118 | $ 126,721 |
Weighted average common shares outstanding | 71,803 | 72,427 | 72,256 | 72,370 |
Basic earnings per common share | $ 0.70 | $ 0.63 | $ 2.04 | $ 1.75 |
Earnings allocated to common shareholders, Diluted | $ 50,369 | $ 45,911 | $ 147,118 | $ 126,721 |
Dilutive effect of equity awards and warrants | 0 | 5 | 1 | 4 |
Weighted average diluted common shares outstanding | 71,803 | 72,432 | 72,257 | 72,374 |
Diluted earnings per common share | $ 0.70 | $ 0.63 | $ 2.04 | $ 1.75 |
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. | 0 | 0 | 0 | 5 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | ||||
Deposit account and treasury management fees | $ 9,015 | $ 9,266 | $ 27,030 | $ 26,689 |
Card revenue | 4,006 | 3,714 | 11,431 | 16,143 |
Financial services and trust revenue | 3,226 | 2,975 | 9,608 | 8,924 |
Revenue from contracts with customers | 16,247 | 15,955 | 48,069 | 51,756 |
Noninterest income, excluding revenue from contracts with customers | 11,783 | 5,064 | 27,305 | 16,098 |
Noninterest Income | $ 28,030 | $ 21,019 | $ 75,374 | $ 67,854 |