Cover Page
Cover Page - shares | 6 Months Ended | |
Jun. 30, 2022 | Jul. 28, 2022 | |
Entity Listings [Line Items] | ||
Document Type | 10-Q | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Entity File Number | 001-36408 | |
Entity Registrant Name | PACWEST BANCORP | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 33-0885320 | |
Entity Address, Address Line One | 9701 Wilshire Blvd., Suite 700 | |
Entity Address, City or Town | Beverly Hills | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90212 | |
City Area Code | 310 | |
Local Phone Number | 887-8500 | |
Entity Current Reporting Status | Yes | |
Entity Central Index Key | 0001102112 | |
Entity Filer Category | Large Accelerated Filer | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Interactive Data Current | Yes | |
Document Quarterly Report | true | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 117,771,762 | |
Common Stock | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | PACW | |
Security Exchange Name | NASDAQ | |
Preferred Class A | ||
Entity Listings [Line Items] | ||
Title of 12(b) Security | perpetual preferred stock, Series A | |
Trading Symbol | PACWP | |
Security Exchange Name | NASDAQ |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | ||
ASSETS: | ||||
Cash and due from banks | $ 197,027 | $ 112,548 | ||
Interest-earning deposits in financial institutions | 2,192,877 | 3,944,686 | ||
Total cash, cash equivalents, and restricted cash | 2,389,904 | 4,057,234 | ||
Securities available-for-sale, at fair value | 6,780,648 | 10,694,458 | ||
Securities held-to-maturity, at amortized cost, net of allowance for credit losses | 2,260,367 | [1] | 0 | |
Federal Home Loan Bank stock, at cost | 33,210 | 17,250 | ||
Total investment securities | 9,074,225 | 10,711,708 | ||
Gross loans and leases held for investment | 26,608,541 | 23,026,308 | ||
Deferred fees, net | (107,404) | (84,760) | ||
Allowance for loan and lease losses | (188,705) | (200,564) | ||
Total loans and leases held for investment, net | [2] | 26,312,432 | 22,740,984 | |
Equipment leased to others under operating leases | 324,233 | 339,150 | ||
Premises and equipment, net | 51,083 | 46,740 | ||
Foreclosed assets, net | 0 | 12,843 | ||
Goodwill | 1,405,736 | 1,405,736 | ||
Core deposit and customer relationship intangibles, net | 37,659 | 44,957 | ||
Other assets | 1,355,451 | 1,083,992 | ||
Total assets | 40,950,723 | 40,443,344 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Noninterest-bearing deposits | 13,338,029 | 14,543,133 | ||
Interest-bearing deposits | 20,630,123 | 20,454,624 | ||
Total deposits | 33,968,152 | 34,997,757 | ||
Borrowings | 1,592,000 | 0 | ||
Subordinated debt | 863,756 | 863,283 | ||
Accrued interest payable and other liabilities | 548,412 | 582,674 | ||
Total liabilities | 36,972,320 | 36,443,714 | ||
Commitments and contingencies | ||||
Preferred stock ($0.01 par value; 5,000,000 shares authorized; 513,250 Series A shares, | $ 498,516 | $ 0 | ||
Preferred stock par value (usd per share) | $ 0.01 | $ 0.01 | ||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | ||
Common stock ($0.01 par value, 200,000,000 shares authorized at June 30, 2022 and December 31, 2021; 123,037577 and 122,105,853 shares issued, respectively, including 2,516,279 and 2,312,080 shares of unvested restricted stock, respectively) | $ 1,230 | $ 1,221 | ||
Additional paid-in capital | 2,970,647 | 3,013,399 | ||
Retained earnings | 1,258,838 | 1,016,350 | ||
Treasury stock, at cost (2,613,553 and 2,520,999 shares at March 31, 2021 and December 31, 2021) | (106,078) | (97,308) | ||
Accumulated other comprehensive (loss) income, net | (644,750) | 65,968 | ||
Total stockholders' equity | 3,978,403 | 3,999,630 | ||
Total liabilities and stockholders' equity | $ 40,950,723 | $ 40,443,344 | ||
[1]Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets[2]Excludes accrued interest receivable of $88.9 million and $80.3 million at June 30, 2022 and December 31, 2021, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets. |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Earnings - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Interest income: | ||||
Loans and leases | $ 293,286 | $ 244,529 | $ 561,045 | $ 486,073 |
Investment securities | 52,902 | 33,954 | 106,324 | 64,219 |
Deposits in financial institutions | 4,330 | 2,022 | 6,053 | 3,550 |
Total interest income | 350,518 | 280,505 | 673,422 | 553,842 |
Interest expense: | ||||
Deposits | 15,362 | 7,269 | 21,570 | 14,769 |
Borrowings | 2,441 | 265 | 2,602 | 458 |
Subordinated debt | 8,790 | 6,663 | 16,608 | 11,038 |
Total interest expense | 26,593 | 14,197 | 40,780 | 26,265 |
Net interest income | 323,925 | 266,308 | 632,642 | 527,577 |
Provision for credit losses | 11,500 | (88,000) | 11,500 | (136,000) |
Net interest income after provision for credit losses | 312,425 | 354,308 | 621,142 | 663,577 |
Noninterest income: | ||||
Leased equipment income | 12,335 | 10,847 | 25,429 | 22,201 |
Other commissions and fees | 10,813 | 10,704 | 22,393 | 19,862 |
Service charges on deposit accounts | 3,634 | 3,452 | 7,205 | 6,386 |
Gain on sale of loans and leases | 12 | 1,422 | 72 | 1,561 |
(Loss) gain on sale of securities | (1,209) | 0 | (1,105) | 101 |
Dividends and gains (losses) on equity investments | 4,097 | 5,394 | (7,278) | 16,298 |
Warrant income | 1,615 | 5,650 | 2,244 | 11,773 |
Other income | 3,049 | 2,902 | 6,204 | 7,018 |
Total noninterest income | 34,346 | 40,371 | 55,164 | 85,200 |
Noninterest expense: | ||||
Compensation | 102,542 | 90,807 | 194,782 | 170,689 |
Occupancy | 15,268 | 14,784 | 30,468 | 28,838 |
Leased equipment depreciation | 8,934 | 8,614 | 18,123 | 17,583 |
Data processing | 9,258 | 7,758 | 18,887 | 14,715 |
Other professional services | 6,726 | 5,256 | 12,680 | 10,382 |
Insurance and assessments | 5,632 | 3,745 | 11,122 | 8,648 |
Customer related expense | 11,748 | 4,973 | 24,403 | 9,791 |
Loan expense | 7,037 | 4,031 | 12,194 | 7,224 |
Intangible asset amortization | 3,649 | 2,889 | 7,298 | 5,968 |
Acquisition, integration and reorganization costs | 0 | 200 | 0 | 3,625 |
Foreclosed assets income, net | (28) | (119) | (3,381) | (118) |
Other expense | 12,879 | 8,812 | 24,495 | 24,541 |
Total noninterest expense | 183,645 | 151,750 | 351,071 | 301,886 |
Earnings before income taxes | 163,126 | 242,929 | 325,235 | 446,891 |
Income tax expense | (40,766) | (62,417) | (82,747) | (115,973) |
Net earnings | $ 122,360 | $ 180,512 | $ 242,488 | $ 330,918 |
Earnings per common share: | ||||
Basic (usd per share) | $ 1.02 | $ 1.52 | $ 2.03 | $ 2.78 |
Diluted (usd per share) | $ 1.02 | $ 1.52 | $ 2.03 | $ 2.78 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Statement of Comprehensive Income [Abstract] | |||||
Net earnings | $ 122,360 | $ 180,512 | $ 242,488 | $ 330,918 | |
Other comprehensive income (loss), net of tax: | |||||
Unrealized net holding gains (losses) on securities available-for-sale arising during the period | (72,572) | 54,076 | (682,398) | (37,447) | |
Income tax (expense) benefit related to unrealized holding gains (losses) arising during the period | 19,928 | (14,941) | 187,386 | 10,513 | |
Unrealized net holding gains (losses) on securities available-for-sale, net of tax | (52,644) | 39,135 | (495,012) | (26,934) | |
Reclassification adjustment for net (gains) losses included in net earnings | [1] | 1,209 | 0 | 1,105 | (101) |
Income tax expense (benefit) related to reclassification adjustment | (332) | 0 | (303) | 28 | |
Reclassification adjustment for net (gains) losses included in net earnings, net of tax | 877 | 0 | 802 | (73) | |
Amortization of Unrealized Net Loss on Securities Transferred From Available-For-Sale to Held-to-Maturity, net of tax | (218,326) | 0 | (218,326) | 0 | |
OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), before Tax1 | (2,507) | 0 | (2,507) | 0 | |
Debt Securities, Held-to-maturity, Transfer, Unrealized Gain (Loss) | (689) | 0 | (689) | 0 | |
Amortization of Unrealized Net Loss on Securities Transferred From Available-For-Sale to Held-to-Maturity, net of tax | 1,818 | 0 | 1,818 | 0 | |
Other comprehensive income (loss), net of tax | (268,275) | 39,135 | (710,718) | (27,007) | |
Comprehensive income (loss) | $ (145,915) | $ 219,647 | $ (468,230) | $ 303,911 | |
[1] Entire amounts are recognized in "(Loss) gain on sale of securities" on the Condensed Consolidated Statements of Earnings. |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Preferred Stock |
Dividends declared per share (usd per share) | $ 0.25 | ||||||
Beginning Period Balance at Dec. 31, 2020 | $ 3,594,951,000 | $ 1,207,000 | $ 3,100,633,000 | $ 409,391,000 | $ (88,803,000) | $ 172,523,000 | |
Shares outstanding, beginning balance (shares) at Dec. 31, 2020 | 118,414,853 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 150,406,000 | 150,406,000 | |||||
Other comprehensive loss, net of tax | (66,142,000) | (66,142,000) | |||||
Restricted stock awarded and earned compensation, net of shares forfeited (shares) | 743,444 | ||||||
Restricted stock awarded and earned stock compensation, net of shares forfeited | 6,417,000 | $ 8,000 | 6,409,000 | ||||
Restricted stock surrendered (shares) | (52,655) | ||||||
Restricted stock surrendered | (1,908,000) | (1,908,000) | |||||
Cash dividends paid | (29,587,000) | (29,587,000) | |||||
Shares outstanding, ending balance (shares) at Mar. 31, 2021 | 119,105,642 | ||||||
Ending Period Balance at Mar. 31, 2021 | 3,654,137,000 | $ 1,215,000 | 3,077,455,000 | 559,797,000 | (90,711,000) | 106,381,000 | |
Beginning Period Balance at Dec. 31, 2020 | 3,594,951,000 | $ 1,207,000 | 3,100,633,000 | 409,391,000 | (88,803,000) | 172,523,000 | |
Shares outstanding, beginning balance (shares) at Dec. 31, 2020 | 118,414,853 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 330,918,000 | ||||||
Shares outstanding, ending balance (shares) at Jun. 30, 2021 | 119,555,102 | ||||||
Ending Period Balance at Jun. 30, 2021 | 3,846,681,000 | $ 1,221,000 | 3,056,522,000 | 740,309,000 | (96,887,000) | 145,516,000 | |
Beginning Period Balance at Mar. 31, 2021 | 3,654,137,000 | $ 1,215,000 | 3,077,455,000 | 559,797,000 | (90,711,000) | 106,381,000 | |
Shares outstanding, beginning balance (shares) at Mar. 31, 2021 | 119,105,642 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 180,512,000 | 180,512,000 | |||||
Other comprehensive loss, net of tax | 39,135,000 | 39,135,000 | |||||
Restricted stock awarded and earned compensation, net of shares forfeited (shares) | 586,271 | ||||||
Restricted stock awarded and earned stock compensation, net of shares forfeited | 8,989,000 | $ 6,000 | 8,983,000 | ||||
Restricted stock surrendered (shares) | (136,811) | ||||||
Restricted stock surrendered | (6,176,000) | (6,176,000) | |||||
Cash dividends paid | (29,916,000) | (29,916,000) | |||||
Shares outstanding, ending balance (shares) at Jun. 30, 2021 | 119,555,102 | ||||||
Ending Period Balance at Jun. 30, 2021 | $ 3,846,681,000 | $ 1,221,000 | 3,056,522,000 | 740,309,000 | (96,887,000) | 145,516,000 | |
Dividends declared per share (usd per share) | $ 0.25 | ||||||
Beginning Period Balance at Dec. 31, 2021 | $ 3,999,630,000 | $ 1,221,000 | 3,013,399,000 | 1,016,350,000 | (97,308,000) | 65,968,000 | $ 0 |
Shares outstanding, beginning balance (shares) at Dec. 31, 2021 | 119,584,854 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 120,128,000 | 120,128,000 | |||||
Other comprehensive loss, net of tax | (442,443,000) | (442,443,000) | |||||
Restricted stock awarded and earned compensation, net of shares forfeited (shares) | 109,466 | ||||||
Restricted stock awarded and earned stock compensation, net of shares forfeited | 7,557,000 | $ 1,000 | 7,556,000 | ||||
Restricted stock surrendered (shares) | (92,554) | ||||||
Restricted stock surrendered | (4,481,000) | (4,481,000) | |||||
Cash dividends paid | (29,796,000) | (29,796,000) | |||||
Shares outstanding, ending balance (shares) at Mar. 31, 2022 | 119,601,766 | ||||||
Ending Period Balance at Mar. 31, 2022 | 3,650,595,000 | $ 1,222,000 | 2,991,159,000 | 1,136,478,000 | (101,789,000) | (376,475,000) | 0 |
Beginning Period Balance at Dec. 31, 2021 | 3,999,630,000 | $ 1,221,000 | 3,013,399,000 | 1,016,350,000 | (97,308,000) | 65,968,000 | 0 |
Shares outstanding, beginning balance (shares) at Dec. 31, 2021 | 119,584,854 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 242,488,000 | ||||||
Shares outstanding, ending balance (shares) at Jun. 30, 2022 | 120,288,024 | ||||||
Ending Period Balance at Jun. 30, 2022 | $ 3,978,403,000 | $ 1,230,000 | 2,970,647,000 | 1,258,838,000 | (106,078,000) | (644,750,000) | 498,516,000 |
Dividends declared per share (usd per share) | $ 0.25 | ||||||
Beginning Period Balance at Mar. 31, 2022 | $ 3,650,595,000 | $ 1,222,000 | 2,991,159,000 | 1,136,478,000 | (101,789,000) | (376,475,000) | 0 |
Shares outstanding, beginning balance (shares) at Mar. 31, 2022 | 119,601,766 | ||||||
Stockholders' Equity Disclosure [Rollforward] | |||||||
Net earnings | 122,360,000 | 122,360,000 | |||||
Other comprehensive loss, net of tax | (268,275,000) | (268,275,000) | |||||
Stock Issued During Period, Value, New Issues | 498,516,000 | 498,516,000 | |||||
Restricted stock awarded and earned compensation, net of shares forfeited (shares) | 822,258 | ||||||
Restricted stock awarded and earned stock compensation, net of shares forfeited | 9,698,000 | $ 8,000 | 9,690,000 | ||||
Restricted stock surrendered (shares) | (136,000) | ||||||
Restricted stock surrendered | (4,289,000) | (4,289,000) | |||||
Cash dividends paid | (30,202,000) | (30,202,000) | |||||
Shares outstanding, ending balance (shares) at Jun. 30, 2022 | 120,288,024 | ||||||
Ending Period Balance at Jun. 30, 2022 | $ 3,978,403,000 | $ 1,230,000 | $ 2,970,647,000 | $ 1,258,838,000 | $ (106,078,000) | $ (644,750,000) | $ 498,516,000 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | |
Cash flows from operating activities: | ||
Net earnings | $ 242,488 | $ 330,918 |
Depreciation and amortization | 26,946 | 25,564 |
Amortization of net premiums on investment securities | 29,742 | 16,561 |
Amortization of intangible assets | 7,298 | 5,968 |
Amortization of operating lease ROU assets | 15,100 | 15,215 |
Provision for credit losses | 11,500 | (136,000) |
Gain on sale of foreclosed assets | (3,170) | (214) |
Provision for losses on foreclosed assets | 0 | 14 |
Gain on sale of loans and leases | (72) | (1,561) |
Gain on sale of premises and equipment | (5) | (58) |
Loss (gain) on sale of securities | 1,105 | (101) |
Gain on BOLI death benefit | 0 | (51) |
Unrealized gain on derivatives and foreign currencies, net | (1,330) | (995) |
Earned stock compensation | 17,255 | 15,406 |
(Increase) decrease in other assets | (24,626) | 22,808 |
Decrease in accrued interest payable and other liabilities | (50,662) | (62,869) |
Net cash provided by operating activities | 271,569 | 230,605 |
Cash flows from investing activities: | ||
Cash paid for acquisition, net | 0 | (123,090) |
Net increase in loans and leases | (3,600,769) | (477,874) |
Proceeds from sales of loans and leases | 41,089 | 126,366 |
Proceeds from maturities and paydowns of securities available-for-sale | 417,760 | 435,761 |
Proceeds from sales of securities available-for-sale | 598,415 | 44,652 |
Purchases of securities available-for-sale | (374,921) | (2,497,439) |
Proceeds from maturities and paydowns of securities held-to-maturity | 82 | 0 |
Net purchases of Federal Home Loan Bank stock | (15,960) | 0 |
Proceeds from sales of foreclosed assets | 16,317 | 1,647 |
Purchases of premises and equipment, net | (10,423) | (4,547) |
Proceeds from sales of premises and equipment | 9 | 95 |
Proceeds from BOLI death benefit | 555 | 1,188 |
Net (increase) decrease in equipment leased to others under operating leases | (3,196) | 12,953 |
Net cash used in investing activities | (2,931,042) | (2,480,288) |
Cash flows from financing activities: | ||
Net (decrease) increase in noninterest-bearing deposits | (1,205,104) | 2,021,120 |
Net increase in interest-bearing deposits | 175,499 | 2,647,858 |
Net increase (decrease) in borrowings | (1,592,000) | (48,585) |
Proceeds from subordinated notes offering | 0 | 394,308 |
Proceeds from preferred stock offering | 498,516 | 0 |
Common stock repurchased and restricted stock surrendered | (8,770) | (8,084) |
Cash dividends paid | (59,998) | (59,503) |
Net cash provided by financing activities | 992,143 | 4,947,114 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | (1,667,330) | 2,697,431 |
Cash, cash equivalents, and restricted cash, beginning of period | 4,057,234 | 3,160,661 |
Cash, cash equivalents, and restricted cash, end of period | 2,389,904 | 5,858,092 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 38,596 | 24,683 |
Cash paid for income taxes | 76,037 | 74,147 |
Loans transferred to foreclosed assets | 304 | 647 |
Transfers from loans held for investment to loans held for sale | 0 | $ 25,554 |
Liabilities | 36,972,320 | |
Assets | 40,950,723 | |
Liabilities | $ 36,972,320 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred stock par value (usd per share) | $ 0.01 | $ 0.01 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred stock outstanding (shares) | 513,250 | |
Common Stock par value (usd per share) | $ 0.01 | $ 0.01 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 123,037,577 | 122,105,853 |
Unvested restricted shares (shares) | 2,516,279 | 2,312,080 |
Treasury Stock (shares) | 2,749,553 | 2,520,999 |
Organization
Organization | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | ORGANIZATION PacWest Bancorp, a Delaware corporation, is a bank holding company registered under the BHCA, with our corporate headquarters located in Beverly Hills, California. Our principal business is to serve as the holding company for our wholly-owned subsidiary, Pacific Western Bank. References to "Pacific Western" or the "Bank" refer to Pacific Western Bank together with its wholly-owned subsidiaries. References to "we," "us," or the "Company" refer to PacWest Bancorp together with its subsidiaries on a consolidated basis. When we refer to "PacWest" or to the "holding company," we are referring to PacWest Bancorp, the parent company, on a stand-alone basis. We are focused on relationship-based business banking to small, middle-market and venture-backed businesses nationwide. The Bank offers a broad range of loan and lease and deposit products and services through 69 full-service branches located in California, one branch located in Durham, North Carolina, one branch located in Denver, Colorado, and numerous loan production offices across the country. The Bank provides community banking products including lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices and Denver, Colorado branch office. The Bank offers national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses on a national basis. The Bank provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States. The Bank also offers financing of business-purpose, non-owner-occupied investor properties through Civic, a wholly-owned subsidiary. The Bank also provides a specialized suite of services for the HOA industry. In addition, we provide investment advisory and asset management services to select clients through Pacific Western Asset Management Inc., a wholly-owned subsidiary of the Bank and an SEC-registered investment adviser. We generate our revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities, and fees received in connection with deposit services, extending credit and other services offered, including treasury management and investment management services. Our major operating expenses are interest paid by the Bank on deposits and borrowings, compensation, occupancy, and general operating expenses. Significant Accounting Policies Our accounting policies are described in Note 1. Nature of Operations and Summary of Significant Accounting Policies , of our audited consolidated financial statements included in our Annual R eport on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission ("Form 10-K"). Updates to our significant accounting policies described below reflect the impact of the Company's transfer of $2.3 billion in fair value of debt securities from available-for-sale to held-to-maturity effective June 1, 2022. Transfer Between Categories of Debt Securitie s Upon transfer of a debt security from the available-for-sale category to the held-to-maturity category, the security's new amortized cost is reset to fair value, reduced by any previous write-offs but excluding any allowance for credit losses. Any associated unrealized gains or losses on such investments as of the date of transfer become part of the security's amortized cost and are subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. In addition, the related unrealized gains and losses included in accumulated other comprehensive income on the date of transfer are also subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. For transfers of securities from the available-for-sale category to the held-to-maturity category, any allowance for credit losses that was previously recorded under the available-for-sale model is reversed and an allowance for credit losses is subsequently recorded under the held-to-maturity debt security model. The reversal and re-establishment of the allowance for credit losses are recorded in the "Provisions for credit losses" on the Company's condensed consolidated statements of earnings. Held-to-Maturity Debt Securitie s Debt securities that the Company has the intent and ability to hold until maturity are classified as held-to-maturity and are carried at amortized cost, net of the allowance for credit losses. Held-to-maturity debt securities are generally placed on nonaccrual status using factors similar to those described for loans. The amortized cost of the Company's held-to-maturity debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's condensed consolidated balance sheets. The Company has made an accounting policy election not to recognize an allowance for credit losses for accrued interest receivable on held-to-maturity debt securities, as the Company reverses any accrued interest against interest income if a debt security is placed on nonaccrual status. Any cash collected on nonaccrual held-to-maturity securities is applied to reduce the security's amortized cost basis and not as interest income. Generally, the Company returns a held-to-maturity security to accrual status when all delinquent interest and principal become current under the contractual terms of the security, and the collectability of remaining principal and interest is no longer doubtful. Allowance for Credit Losses on Held-to-Maturity Debt Securities The ACL for held-to-maturity debt securities is recorded at the time of purchase, acquisition or when the Company designates securities as held-to-maturity, representing the Company's best estimate of current expected credit losses as of the date of the condensed consolidated balance sheets. For each major held-to-maturity debt security type, the allowance for credit losses is estimated collectively for groups of securities with similar risk characteristics. For debt securities that do not share similar risk characteristics, the losses are estimated individually. Debt securities that are either guaranteed or issued by the U.S. government or government agency, are highly rated by major rating agencies, and have a long history of no credit losses are an example of such securities to which the Company applies a zero credit loss assumption. Any expected credit loss is provided through the allowance for credit losses on held-to-maturity debt securities and deducted from the amortized cost basis of the security, so that the balance sheet reflects the net amount that the Company expects to collect. Accounting Standards Adopted in 2022 Effective January 1, 2022, the Company partially adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326) ,” specifically the amendment related to the vintage disclosures, which requires creditors that are public entities to disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” The amendment also eliminates the disclosure of gross recoveries by year of origination previously presented in Example 15 in ASC 326-20-50-79, since it is not required under the guidance in ASC 326-20-50-6. The Company updated the vintage table disclosure in Note 4. Loans and Leases to present only current-period gross charge-offs by year of origination. The adoption of this amendment did not have a material impact on the Company’s condensed consolidated financial statements. Basis of Presentation Our interim condensed consolidated financial statements are prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, certain disclosures accompanying annual consolidated financial statements are omitted. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements for the interim periods, have been included. The current period's results of operations are not necessarily indicative of the results that ultimately may be achieved for the year. The interim condensed consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K. Use of Estimates We have made a number of estimates and assumptions related to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these condensed consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the allowance for credit losses (the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments), the carrying value of goodwill and other intangible assets, and the realization of deferred tax assets. These estimates may be adjusted as more current information becomes available, and any adjustment may be significant. Reclassifications |
Restricted Cash Balances
Restricted Cash Balances | 6 Months Ended |
Jun. 30, 2022 | |
Restricted Cash [Abstract] | |
Restricted Cash Balances | RESTRICTED CASH BALANCESThe FRBSF establishes cash reserve requirements that its member banks must maintain based on a percentage of deposit liabilities. There were no average reserves required to be held at the FRBSF for the six months ended June 30, 2022 and 2021. As of June 30, 2022 and December 31, 2021, we pledged cash collateral for our derivative contracts of $2.0 million. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | INVESTMENT SECURITIES Transfer of Securities Available-for-Sale to Held-to Maturity Effective June 1, 2022, the Company transferred $2.3 billion in fair value of municipal securities, agency commercial MBS, private label commercial MBS, U.S. Treasury securities, and corporate debt securities from available-for-sale to held-to-maturity. At the time of transfer, $218.3 million of unrealized losses, net of tax, was retained in "Accumulated other comprehensive income (loss)" on the condensed consolidated balance sheets. Securities Available-for-Sale The following table presents amortized cost, gross unrealized gains and losses, and fair values of securities available-for-sale as of the dates indicated: June 30, 2022 December 31, 2021 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Security Type Cost Gains Losses Value Cost Gains Losses Value (In thousands) Agency residential MBS $ 2,898,484 $ 901 $ (321,670) $ 2,577,715 $ 2,921,993 $ 8,866 $ (32,649) $ 2,898,210 Agency commercial MBS 1,020,083 849 (44,711) 976,221 1,660,516 37,664 (9,213) 1,688,967 Agency residential CMOs 844,508 109 (41,308) 803,309 1,021,716 22,288 (5,870) 1,038,134 Municipal securities 742,845 3,219 (45,459) 700,605 2,248,749 75,192 (7,973) 2,315,968 U.S. Treasury securities 771,019 — (74,965) 696,054 973,555 1,641 (8,298) 966,898 Corporate debt securities 388,466 75 (19,080) 369,461 514,077 13,774 (757) 527,094 Collateralized loan obligations 365,354 — (13,064) 352,290 385,410 396 (444) 385,362 Private label residential CMOs 248,155 — (32,052) 216,103 265,851 1,857 (3,291) 264,417 Asset-backed securities 33,354 4 (711) 32,647 129,387 484 (324) 129,547 Private label commercial MBS 34,411 — (1,895) 32,516 453,314 147 (3,244) 450,217 SBA securities 24,322 — (595) 23,727 28,950 726 (32) 29,644 Total $ 7,371,001 $ 5,157 $ (595,510) $ 6,780,648 $ 10,603,518 $ 163,035 $ (72,095) $ 10,694,458 As of June 30, 2022, the Company had not recorded an allowance for credit losses on securities available-for-sale. The Company does not consider unrealized losses on such securities to be attributable to credit-related factors, as the unrealized losses have occurred as a result of changes in non-credit related factors such as interest rates, market spreads, and market conditions subsequent to purchase. As of June 30, 2022, securities available-for-sale with a fair value of $2.2 billion were pledged as collateral for public deposits and other purposes as required by various statutes and agreements. Realized Gains and Losses on Securities Available-for-Sale The following table presents the amortized cost of securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the years indicated: Three Months Ended Six Months Ended June 30, June 30, Sales of Securities Available-for-Sale 2022 2021 2022 2021 (In thousands) Amortized cost of securities sold $ 393,432 $ — $ 599,520 $ 44,551 Gross realized gains $ 1,544 $ — $ 2,734 $ 101 Gross realized losses (2,753) — (3,839) — Net realized (losses) gains $ (1,209) $ — $ (1,105) $ 101 Unrealized Losses on Securities Available-for-Sale The following tables present the gross unrealized losses and fair values of securities available-for-sale that were in unrealized loss positions as of the dates indicated: June 30, 2022 Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Security Type Value Losses Value Losses Value Losses (In thousands) Agency residential MBS $ 2,232,774 $ (288,563) $ 262,847 $ (33,107) $ 2,495,621 $ (321,670) Agency commercial MBS 851,935 (39,376) 41,199 (5,335) 893,134 (44,711) Agency residential CMOs 707,516 (29,892) 88,546 (11,416) 796,062 (41,308) Municipal securities 463,945 (45,459) — — 463,945 (45,459) U.S. Treasury securities 696,054 (74,965) — — 696,054 (74,965) Corporate debt securities 355,637 (19,080) — — 355,637 (19,080) Collateralized loan obligations 269,865 (9,256) 82,425 (3,808) 352,290 (13,064) Private label residential CMOs 216,103 (32,052) — — 216,103 (32,052) Asset-backed securities 31,261 (711) — — 31,261 (711) Private label commercial MBS 23,206 (1,177) 9,311 (718) 32,517 (1,895) SBA securities 21,946 (521) 1,781 (74) 23,727 (595) Total $ 5,870,242 $ (541,052) $ 486,109 $ (54,458) $ 6,356,351 $ (595,510) December 31, 2021 Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Security Type Value Losses Value Losses Value Losses (In thousands) Agency residential MBS $ 2,502,536 $ (31,670) $ 57,329 $ (979) $ 2,559,865 $ (32,649) Agency commercial MBS 440,938 (5,066) 106,745 (4,147) 547,683 (9,213) Agency residential CMOs 216,445 (3,757) 67,340 (2,113) 283,785 (5,870) Municipal securities 505,080 (6,965) 29,726 (1,008) 534,806 (7,973) U.S. Treasury securities 628,767 (8,298) — — 628,767 (8,298) Corporate debt securities 32,761 (757) — — 32,761 (757) Collateralized loan obligations 137,619 (374) 43,730 (70) 181,349 (444) Private label residential CMOs 201,988 (3,291) — — 201,988 (3,291) Asset-backed securities 38,742 (137) 15,762 (187) 54,504 (324) Private label commercial MBS 397,619 (3,244) — — 397,619 (3,244) SBA securities — — 1,864 (32) 1,864 (32) Total $ 5,102,495 $ (63,559) $ 322,496 $ (8,536) $ 5,424,991 $ (72,095) The securities that were in an unrealized loss position at June 30, 2022, were considered impaired and required further review to determine if the unrealized losses were credit-related. We concluded the unrealized losses were a result of the level of market interest rates relative to the types of securities and pricing changes caused by shifting supply and demand dynamics and not a result of downgraded credit ratings or other indicators of deterioration of the underlying issuers' ability to repay. We also considered the seniority of the tranches and U.S. government agency guarantees, if any, to assess whether an unrealized loss was credit-related. Accordingly, we determined the unrealized losses were not credit-related and recognized the unrealized losses in "other comprehensive income (loss)" in stockholders' equity. Although we periodically sell securities for portfolio management purposes, we do not foresee having to sell any impaired securities strictly for liquidity needs and believe that it is more likely than not we would not be required to sell any impaired securities before recovery of their amortized cost. Contractual Maturities of Securities Available-for-Sale The following table presents the contractual maturities of our securities available-for-sale portfolio based on amortized cost and carrying value as of the date indicated: June 30, 2022 Due After Due After Due One Year Five Years Due Within Through Through After Security Type One Year Five Years Ten Years Ten Years Total (In thousands) Amortized Cost: Agency residential MBS $ 28 $ 6,756 $ 4,625 $ 2,887,075 $ 2,898,484 Agency commercial MBS 6,847 529,921 452,921 30,394 1,020,083 Agency residential CMOs — 1,487 206,723 636,298 844,508 Municipal securities 17,625 85,139 394,484 245,597 742,845 U.S. Treasury securities 4,996 — 766,023 — 771,019 Corporate debt securities — 22,500 365,966 — 388,466 Collateralized loan obligations — — 101,154 264,200 365,354 Private label residential CMOs — — — 248,155 248,155 Asset-backed securities — — 1,382 31,972 33,354 Private label commercial MBS 4,004 — — 30,407 34,411 SBA securities 1,855 6,007 — 16,460 24,322 Total $ 35,355 $ 651,810 $ 2,293,278 $ 4,390,558 $ 7,371,001 Fair Value: Agency residential MBS $ 29 $ 6,794 $ 4,692 $ 2,566,200 $ 2,577,715 Agency commercial MBS 6,847 517,077 422,320 29,977 976,221 Agency residential CMOs — 1,486 191,837 609,986 803,309 Municipal securities 17,639 84,751 355,007 243,208 700,605 U.S. Treasury securities 4,995 — 691,059 — 696,054 Corporate debt securities — 22,050 347,411 — 369,461 Collateralized loan obligations — — 98,461 253,829 352,290 Private label residential CMOs — — — 216,103 216,103 Asset-backed securities — — 1,386 31,261 32,647 Private label commercial MBS 3,890 — — 28,626 32,516 SBA securities 1,781 5,862 — 16,084 23,727 Total $ 35,181 $ 638,020 $ 2,112,173 $ 3,995,274 $ 6,780,648 CMBS, CMOs, and MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral. Securities Held-to-Maturity The following table presents amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair values of securities held-to-maturity as of the date indicated: June 30, 2022 Allowance for Net Gross Gross Amortized Credit Carrying Unrealized Unrealized Fair Security Type Cost Losses Amount Gains Losses Value (In thousands) Municipal securities $ 1,241,664 $ (140) $ 1,241,524 $ 554 $ (36,762) $ 1,205,316 Agency commercial MBS 424,274 — 424,274 — (4,626) 419,648 Private label commercial MBS 343,545 — 343,545 — (5,663) 337,882 U.S. Treasury securities 182,751 — 182,751 — (1,855) 180,896 Corporate debt securities 69,633 (1,360) 68,273 — (2,256) 66,017 Total (1) $ 2,261,867 $ (1,500) $ 2,260,367 $ 554 $ (51,162) $ 2,209,759 __________________________ (1) Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets. As of June 30, 2022, securities held-to-maturity with a fair value of $619.4 million were pledged as collateral for public deposits and other purposes as required by various statutes and agreements. Allowance for Credit Losses on Securities Held-to-Maturity The following table presents the changes by major security type in our allowance for credit losses on securities held-to-maturity for the periods indicated: Allowance for Provision Allowance for Credit Losses, for Credit Losses, Beginning Credit End of Security Type of Period Losses Charge-offs Recoveries Period (In thousands) Three Months Ended June 30, 2022 Municipal securities $ — $ 140 $ — $ — $ 140 Corporate debt securities — 1,360 — — 1,360 Total $ — $ 1,500 $ — $ — $ 1,500 Six Months Ended June 30, 2022 Municipal securities $ — $ 140 $ — $ — $ 140 Corporate debt securities — 1,360 — — 1,360 Total $ — $ 1,500 $ — $ — $ 1,500 Credit losses on HTM securities are recorded at the time of purchase, acquisition, or when the Company designates securities as held-to-maturity. Credit losses on HTM securities are representative of current expected credit losses that may be incurred over the life of the investment. Accrued interest receivable on HTM securities, which is included in other assets on the condensed consolidated balance sheets, is excluded from the estimate of expected credit losses. HTM U.S. treasury securities and agency-backed MBS securities are considered to have no risk of loss as they are either explicitly or implicitly guaranteed by the U.S. government. The change in fair value in the HTM private label CMBS portfolio is solely driven by changes in interest rates. The Company has no knowledge of any underlying credit issues and the cash flows underlying the debt securities have not changed and are not expected to be impacted by changes in interest rates and, thus, there is no related ACL for this portfolio. The underlying bonds in the Company’s HTM municipal securities and HTM corporate debt securities portfolios are evaluated for credit losses in conjunction with management’s estimate of the allowance for credit losses based primarily on credit ratings. Securities Held-to-Maturity by Credit Quality Indicator The Company uses S&P, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its held-to-maturity securities. The following table presents our securities held-to-maturity portfolio by the lowest available credit rating as of the date indicated: June 30, 2022 Security Type AAA AA+ AA AA- A A- BBB NR Total (In thousands) Amortized Cost: Municipal securities $ 585,084 $ 363,461 $ 178,341 $ 89,655 $ 1,997 $ — $ — $ 23,126 $ 1,241,664 Agency commercial MBS — 424,274 — — — — — — 424,274 Private label commercial MBS 343,545 — — — — — — — 343,545 U.S. Treasury securities — 182,751 — — — — — — 182,751 Corporate debt securities — — — — — 23,196 20,985 25,452 69,633 Total $ 928,629 $ 970,486 $ 178,341 $ 89,655 $ 1,997 $ 23,196 $ 20,985 $ 48,578 $ 2,261,867 Contractual Maturities of Securities Held-to-Maturity The following table presents the contractual maturities of our securities held-to-maturity portfolio based on amortized cost and carrying value as of the date indicated: June 30, 2022 Due After Due After Due One Year Five Years Due Within Through Through After Security Type One Year Five Years Ten Years Ten Years Total (In thousands) Amortized Cost: Municipal securities $ — $ — $ 286,105 $ 955,559 $ 1,241,664 Agency commercial MBS — — 400,499 23,775 424,274 Private label commercial MBS — — 35,780 307,765 343,545 U.S. Treasury securities — — 182,751 — 182,751 Corporate debt securities — — — 69,633 69,633 Total $ — $ — $ 905,135 $ 1,356,732 $ 2,261,867 Fair Value: Municipal securities $ — $ — $ 283,530 $ 921,786 $ 1,205,316 Agency commercial MBS — — 396,316 23,332 419,648 Private label commercial MBS — — 35,209 302,673 337,882 U.S. Treasury securities — — 180,896 — 180,896 Corporate debt securities — — — 66,017 66,017 Total $ — $ — $ 895,951 $ 1,313,808 $ 2,209,759 CMBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral. Interest Income on Investment Securities The following table presents the composition of our interest income on investment securities, including available-for-sale and held-to-maturity, for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Taxable interest $ 44,467 $ 25,206 $ 89,109 $ 47,176 Non-taxable interest 8,180 8,493 16,699 16,571 Dividend income 255 255 516 472 Total interest income on investment securities $ 52,902 $ 33,954 $ 106,324 $ 64,219 |
Loans and Leases
Loans and Leases | 6 Months Ended |
Jun. 30, 2022 | |
Receivables [Abstract] | |
Loans and Leases | LOANS AND LEASES Our loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold. Loans and Leases Held for Investment The following table summarizes the composition of our loans and leases held for investment as of the dates indicated: June 30, December 31, 2022 2021 (In thousands) Real estate mortgage $ 13,570,353 $ 11,189,278 Real estate construction and land (1) 4,059,965 3,491,340 Commercial 8,494,614 7,888,068 Consumer 483,609 457,622 Total gross loans and leases held for investment 26,608,541 23,026,308 Deferred fees, net (107,404) (84,760) Total loans and leases held for investment, net of deferred fees 26,501,137 22,941,548 Allowance for loan and lease losses (188,705) (200,564) Total loans and leases held for investment, net (2) $ 26,312,432 $ 22,740,984 ____________________ (1) Includes land and acquisition and development loans of $116.3 million and $151.8 million at June 30, 2022 and December 31, 2021. (2) Excludes accrued interest receivable of $88.9 million and $80.3 million at June 30, 2022 and December 31, 2021, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets. The following tables present an aging analysis of our loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: June 30, 2022 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 13,345 $ 1,859 $ 15,204 $ 3,655,311 $ 3,670,515 Residential 14,425 22,447 36,872 9,842,259 9,879,131 Total real estate mortgage 27,770 24,306 52,076 13,497,570 13,549,646 Real estate construction and land: Commercial — — — 837,423 837,423 Residential 26,288 12,477 38,765 3,114,851 3,153,616 Total real estate construction and land 26,288 12,477 38,765 3,952,274 3,991,039 Commercial: Asset-based — 441 441 5,067,671 5,068,112 Venture capital — — — 2,179,190 2,179,190 Other commercial 10,812 638 11,450 1,218,054 1,229,504 Total commercial 10,812 1,079 11,891 8,464,915 8,476,806 Consumer 1,711 205 1,916 481,730 483,646 Total $ 66,581 $ 38,067 $ 104,648 $ 26,396,489 $ 26,501,137 December 31, 2021 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 5,307 $ 2,236 $ 7,543 $ 3,754,756 $ 3,762,299 Residential 40,505 9,666 50,171 7,366,250 7,416,421 Total real estate mortgage 45,812 11,902 57,714 11,121,006 11,178,720 Real estate construction and land: Commercial — — — 832,591 832,591 Residential 7,271 2,223 9,494 2,595,042 2,604,536 Total real estate construction and land 7,271 2,223 9,494 3,427,633 3,437,127 Commercial: Asset-based — 464 464 4,075,013 4,075,477 Venture capital — — — 2,320,593 2,320,593 Other commercial 955 3,601 4,556 1,467,425 1,471,981 Total commercial 955 4,065 5,020 7,863,031 7,868,051 Consumer 1,004 276 1,280 456,370 457,650 Total $ 55,042 $ 18,466 $ 73,508 $ 22,868,040 $ 22,941,548 It is our policy to discontinue accruing interest when principal or interest payments are past due 90 days or more (unless the loan is both well secured and in the process of collection) or when, in the opinion of management, there is a reasonable doubt as to the collectability of a loan or lease in the normal course of business. Interest income on nonaccrual loans is recognized only to the extent cash is received and the principal balance of the loan is deemed collectable. The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: June 30, 2022 December 31, 2021 Nonaccrual Performing Total Nonaccrual Performing Total (In thousands) Real estate mortgage: Commercial $ 28,529 $ 3,641,986 $ 3,670,515 $ 27,540 $ 3,734,759 $ 3,762,299 Residential 27,524 9,851,607 9,879,131 12,292 7,404,129 7,416,421 Total real estate mortgage 56,053 13,493,593 13,549,646 39,832 11,138,888 11,178,720 Real estate construction and land: Commercial — 837,423 837,423 — 832,591 832,591 Residential 13,287 3,140,329 3,153,616 4,715 2,599,821 2,604,536 Total real estate construction and land 13,287 3,977,752 3,991,039 4,715 3,432,412 3,437,127 Commercial: Asset-based 1,189 5,066,923 5,068,112 1,464 4,074,013 4,075,477 Venture capital 3,120 2,176,070 2,179,190 2,799 2,317,794 2,320,593 Other commercial 4,655 1,224,849 1,229,504 11,950 1,460,031 1,471,981 Total commercial 8,964 8,467,842 8,476,806 16,213 7,851,838 7,868,051 Consumer 223 483,423 483,646 414 457,236 457,650 Total $ 78,527 $ 26,422,610 $ 26,501,137 $ 61,174 $ 22,880,374 $ 22,941,548 At June 30, 2022, nonaccrual loans and leases included $38.1 million of loans and leases 90 or more days past due, $15.8 million of loans and leases 30 to 89 days past due, and $24.7 million of loans and leases current with respect to contractual payments that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2021, nonaccrual loans and leases included $18.5 million of loans and leases 90 or more days past due, $6.3 million of loans and leases 30 to 89 days past due, and $36.4 million of current loans and leases that were placed on nonaccrual status based on management’s judgment regarding their collectability. As of June 30, 2022, our three largest loan relationships on nonaccrual status had an aggregate carrying value of $19.5 million and represented 25% of total nonaccrual loans and leases. The following tables present the credit risk rating categories for loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful. June 30, 2022 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 46,203 $ 157,476 $ 3,466,836 $ 3,670,515 Residential 32,443 19,248 9,827,440 9,879,131 Total real estate mortgage 78,646 176,724 13,294,276 13,549,646 Real estate construction and land: Commercial — 155,745 681,678 837,423 Residential 13,287 39,357 3,100,972 3,153,616 Total real estate construction and land 13,287 195,102 3,782,650 3,991,039 Commercial: Asset-based 1,189 54,131 5,012,792 5,068,112 Venture capital 3,116 37,831 2,138,243 2,179,190 Other commercial 7,727 11,081 1,210,696 1,229,504 Total commercial 12,032 103,043 8,361,731 8,476,806 Consumer 299 5,392 477,955 483,646 Total $ 104,264 $ 480,261 $ 25,916,612 $ 26,501,137 December 31, 2021 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 62,206 $ 191,809 $ 3,508,284 $ 3,762,299 Residential 17,700 19,848 7,378,873 7,416,421 Total real estate mortgage 79,906 211,657 10,887,157 11,178,720 Real estate construction and land: Commercial — 67,727 764,864 832,591 Residential 4,715 1,720 2,598,101 2,604,536 Total real estate construction and land 4,715 69,447 3,362,965 3,437,127 Commercial: Asset-based 4,591 78,305 3,992,581 4,075,477 Venture capital 4,794 14,833 2,300,966 2,320,593 Other commercial 21,659 15,528 1,434,794 1,471,981 Total commercial 31,044 108,666 7,728,341 7,868,051 Consumer 439 1,841 455,370 457,650 Total $ 116,104 $ 391,611 $ 22,433,833 $ 22,941,548 The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated: Three Months Six Months Three Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, June 30, June 30, 2022 2022 2022 2021 2021 2021 Nonaccrual Interest Interest Nonaccrual Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Recognized Investment Recognized Recognized (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 66 $ — $ — $ 74 $ — $ — Residential 6,941 — — 2,806 — — Real estate construction and land: Commercial — — — — — — Residential 1,646 — — 403 — — Commercial: Asset based 748 — — 1,484 — — Venture capital 3,120 — — 2,717 — — Other commercial 1,262 — — 1,472 — — Consumer 223 — — 360 — — With No Related Allowance Recorded: Real estate mortgage: Commercial $ 28,463 $ 14 $ 98 $ 31,991 $ 140 $ 430 Residential 20,583 — — 3,327 — — Real estate construction and land: Commercial — — — 284 — — Residential 11,641 — — 1,531 — — Commercial: Asset based 441 — — 489 — — Venture capital — — — — — — Other commercial 3,393 7 361 9,865 1,814 3,644 Consumer — — — — — — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 56,053 $ 14 $ 98 $ 38,198 $ 140 $ 430 Real estate construction and land 13,287 — — 2,218 — — Commercial 8,964 7 361 16,027 1,814 3,644 Consumer 223 — — 360 — — Total $ 78,527 $ 21 $ 459 $ 56,803 $ 1,954 $ 4,074 The following tables present our loans held for investment by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated: Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Real Estate Mortgage: Commercial Internal risk rating: 1-2 High pass $ — $ 3,156 $ 7,553 $ 7,041 $ 6,031 $ 40,194 $ 27,677 $ — $ 91,652 3-4 Pass 282,678 497,641 522,878 283,379 493,351 1,203,978 80,868 10,411 3,375,184 5 Special mention — — 3,278 73,578 50,678 29,942 — — 157,476 6-8 Classified — — 476 2,078 29,357 14,292 — — 46,203 Total $ 282,678 $ 500,797 $ 534,185 $ 366,076 $ 579,417 $ 1,288,406 $ 108,545 $ 10,411 $ 3,670,515 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ 1,488 $ 183 $ — $ — $ 1,671 Real Estate Mortgage: Residential Internal risk rating: 1-2 High pass $ — $ 99,724 $ 22,983 $ 57,363 $ 55,435 $ 44,419 $ 1,000 $ — $ 280,924 3-4 Pass 3,118,273 4,045,948 568,720 583,160 452,990 646,013 131,295 117 9,546,516 5 Special mention 1,828 4,279 151 12,990 — — — — 19,248 6-8 Classified 2,724 20,325 3,209 — 3,061 2,897 — 227 32,443 Total $ 3,122,825 $ 4,170,276 $ 595,063 $ 653,513 $ 511,486 $ 693,329 $ 132,295 $ 344 $ 9,879,131 Current YTD period: Gross charge-offs $ — $ 34 $ 1 $ — $ — $ — $ — $ — $ 35 Real Estate Construction and Land: Commercial Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 33,665 132,772 80,308 368,548 57,553 8,843 (11) — 681,678 5 Special mention — — — — 86,528 69,217 — — 155,745 6-8 Classified — — — — — — — — — Total $ 33,665 $ 132,772 $ 80,308 $ 368,548 $ 144,081 $ 78,060 $ (11) $ — $ 837,423 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Real Estate Construction and Land: Residential Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 505,330 962,146 845,779 621,951 165,271 820 (325) — 3,100,972 5 Special mention 16,070 3,421 19,866 — — — — — 39,357 6-8 Classified (365) 7,105 5,700 588 — 259 — — 13,287 Total $ 521,035 $ 972,672 $ 871,345 $ 622,539 $ 165,271 $ 1,079 $ (325) $ — $ 3,153,616 Current YTD period: Gross charge-offs $ — $ 7 $ — $ — $ — $ — $ — $ — $ 7 Commercial: Asset-Based Internal risk rating: 1-2 High pass $ 180,149 $ 166,488 $ 53,533 $ 189,543 $ 117,975 $ 231,190 $ 868,141 $ 17,039 $ 1,824,058 3-4 Pass 383,309 248,015 59,956 56,192 36,185 49,379 2,248,953 106,745 3,188,734 5 Special mention — — — 32,720 9,070 — 8,604 3,737 54,131 6-8 Classified — — — — — 441 — 748 1,189 Total $ 563,458 $ 414,503 $ 113,489 $ 278,455 $ 163,230 $ 281,010 $ 3,125,698 $ 128,269 $ 5,068,112 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial: Venture Capital Internal risk rating: 1-2 High pass $ 16,009 $ — $ 1,999 $ — $ — $ 8 $ 137,261 $ — $ 155,277 3-4 Pass 46,412 164,767 18,740 21,192 4,510 4,523 1,697,801 25,021 1,982,966 5 Special mention — 29,958 2,111 4,025 — — 1,737 — 37,831 6-8 Classified — 475 — — 1,284 — (4) 1,361 3,116 Total $ 62,421 $ 195,200 $ 22,850 $ 25,217 $ 5,794 $ 4,531 $ 1,836,795 $ 26,382 $ 2,179,190 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Commercial: Other Commercial Internal risk rating: 1-2 High pass $ 494 $ 24,925 $ 8,799 $ 214 $ 9 $ 217 $ 21,052 $ — $ 55,710 3-4 Pass 43,910 292,506 65,676 47,213 52,217 93,869 547,544 12,051 1,154,986 5 Special mention — 830 202 503 1,508 7,863 77 98 11,081 6-8 Classified — 1,150 — 357 (3) 2,841 2,147 1,235 7,727 Total $ 44,404 $ 319,411 $ 74,677 $ 48,287 $ 53,731 $ 104,790 $ 570,820 $ 13,384 $ 1,229,504 Current YTD period: Gross charge-offs $ — $ 159 $ — $ — $ — $ 1,701 $ 1,818 $ 66 $ 3,744 Consumer Internal risk rating: 1-2 High pass $ — $ 34 $ 9 $ — $ 3 $ — $ 614 $ — $ 660 3-4 Pass 83,997 230,843 19,477 59,951 29,422 43,835 9,770 — 477,295 5 Special mention 890 2,401 183 1,433 87 305 93 — 5,392 6-8 Classified — 181 — — 24 75 1 18 299 Total $ 84,887 $ 233,459 $ 19,669 $ 61,384 $ 29,536 $ 44,215 $ 10,478 $ 18 $ 483,646 Current YTD period: Gross charge-offs $ — $ — $ 22 $ 338 $ — $ 216 $ — $ — $ 576 Total Loans and Leases Internal risk rating: 1-2 High pass $ 196,652 $ 294,327 $ 94,876 $ 254,161 $ 179,453 $ 316,028 $ 1,055,745 $ 17,039 $ 2,408,281 3-4 Pass 4,497,574 6,574,638 2,181,534 2,041,586 1,291,499 2,051,260 4,715,895 154,345 23,508,331 5 Special mention 18,788 40,889 25,791 125,249 147,871 107,327 10,511 3,835 480,261 6-8 Classified 2,359 29,236 9,385 3,023 33,723 20,805 2,144 3,589 104,264 Total $ 4,715,373 $ 6,939,090 $ 2,311,586 $ 2,424,019 $ 1,652,546 $ 2,495,420 $ 5,784,295 $ 178,808 $ 26,501,137 Current YTD period: Gross charge-offs $ — $ 200 $ 23 $ 338 $ 1,488 $ 2,100 $ 1,818 $ 66 $ 6,033 ______________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Real Estate Mortgage: Commercial Internal risk rating: 1-2 High pass $ 561 $ 9,148 $ 32,304 $ 8,289 $ 6,248 $ 33,493 $ 3 $ — $ 90,046 3-4 Pass 499,626 531,989 321,728 578,436 489,727 932,950 51,805 11,977 3,418,238 5 Special mention — 4,811 63,381 76,372 6,533 40,712 — — 191,809 6-8 Classified — 488 17,037 5,340 6,278 33,063 — — 62,206 Total $ 500,187 $ 546,436 $ 434,450 $ 668,437 $ 508,786 $ 1,040,218 $ 51,808 $ 11,977 $ 3,762,299 Current YTD period: Gross charge-offs $ — $ — $ 189 $ 168 $ 344 $ 264 $ — $ — $ 965 Gross recoveries — — — — (8) (6,073) — — (6,081) Net $ — $ — $ 189 $ 168 $ 336 $ (5,809) $ — $ — $ (5,116) Real Estate Mortgage: Residential Internal risk rating: 1-2 High pass $ 95,016 $ 29,339 $ 57,874 $ 47,688 $ 11,776 $ 16,703 $ 28,115 $ — $ 286,511 3-4 Pass 4,405,055 623,207 573,718 616,515 547,531 234,525 91,655 156 7,092,362 5 Special mention 2,871 3,810 13,007 — — — 160 — 19,848 6-8 Classified 5,161 5,217 — 3,323 304 3,424 — 271 17,700 Total $ 4,508,103 $ 661,573 $ 644,599 $ 667,526 $ 559,611 $ 254,652 $ 119,930 $ 427 $ 7,416,421 Current YTD period: Gross charge-offs $ 28 $ 80 $ — $ — $ — $ 55 $ — $ — $ 163 Gross recoveries (28) — — — — (357) — (301) (686) Net $ — $ 80 $ — $ — $ — $ (302) $ — $ (301) $ (523) Real Estate Construction and Land: Commercial Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 96,108 96,448 386,832 152,444 720 14,122 18,190 — 764,864 5 Special mention — — — — 67,727 — — — 67,727 6-8 Classified — — — — — — — — — Total $ 96,108 $ 96,448 $ 386,832 $ 152,444 $ 68,447 $ 14,122 $ 18,190 $ — $ 832,591 Current YTD period: Gross charge-offs $ — $ — $ — $ 775 $ — $ — $ — $ — $ 775 Gross recoveries — — — — — — — — — Net $ — $ — $ — $ 775 $ — $ — $ — $ — $ 775 Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Real Estate Construction and Land: Residential Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 849,188 672,864 851,127 163,950 17,526 3,970 28,804 10,672 2,598,101 5 Special mention 276 1,185 — — 259 — — — 1,720 6-8 Classified 849 3,278 588 — — — — — 4,715 Total $ 850,313 $ 677,327 $ 851,715 $ 163,950 $ 17,785 $ 3,970 $ 28,804 $ 10,672 $ 2,604,536 Current YTD period: Gross charge-offs $ 7 $ — $ — $ — $ — $ — $ — $ — $ 7 Gross recoveries — — — — — — — — — Net $ 7 $ — $ — $ — $ — $ — $ — $ — $ 7 Commercial: Asset-Based Internal risk rating: 1-2 High pass $ 138,836 $ 72,725 $ 178,291 $ 123,947 $ 71,940 $ 188,411 $ 706,656 $ 50,495 $ 1,531,301 3-4 Pass 242,209 71,930 59,748 45,375 8,350 34,833 1,992,677 6,158 2,461,280 5 Special mention — — 48,796 13,138 — — 12,393 3,978 78,305 6-8 Classified — — — — — 464 4,027 100 4,591 Total $ 381,045 $ 144,655 $ 286,835 $ 182,460 $ 80,290 $ 223,708 $ 2,715,753 $ 60,731 $ 4,075,477 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 232 $ 232 Gross recoveries — — — — — (691) (28) — (719) Net $ — $ — $ — $ — $ — $ (691) $ (28) $ 232 $ (487) Commercial: Venture Capital Internal risk rating: 1-2 High pass $ — $ 1,999 $ — $ — $ (4) $ 14 $ 228,820 $ — $ 230,829 3-4 Pass 229,567 58,283 46,007 7,241 1,614 4,166 1,715,057 8,202 2,070,137 5 Special mention 8,980 2,778 499 — — 2,593 (17) — 14,833 6-8 Classified 500 — — 2,000 — — (6) 2,300 4,794 Total $ 239,047 $ 63,060 $ 46,506 $ 9,241 $ 1,610 $ 6,773 $ 1,943,854 $ 10,502 $ 2,320,593 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ 620 $ — $ — $ 620 Gross recoveries — — (127) (37) (158) (82) — — (404) Net $ — $ — $ (127) $ (37) $ (158) $ 538 $ — $ — $ 216 ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Commercial: Other Commercial Internal risk rating: 1-2 High pass $ 134,825 $ 22,556 $ 261 $ 4 $ 246 $ (50) $ 18,206 $ 693 $ 176,741 3-4 Pass 286,281 73,328 77,487 67,591 46,939 89,408 607,197 9,822 1,258,053 5 Special mention — 291 1 2,088 115 11,911 1,061 61 15,528 6-8 Classified 53 1 395 (3) 223 4,212 15,731 1,047 21,659 Total $ 421,159 $ 96,176 $ 78,144 $ 69,680 $ 47,523 $ 105,481 $ 642,195 $ 11,623 $ 1,471,981 Current YTD period: Gross charge-offs $ 1,992 $ — $ 122 $ 47 $ 139 $ 797 $ 985 $ 2,364 $ 6,446 Gross recoveries — — (42) — (268) (4,076) (57) (145) (4,588) Net $ 1,992 $ — $ 80 $ 47 $ (129) $ (3,279) $ 928 $ 2,219 $ 1,858 Consumer Internal risk rating: 1-2 High pass $ 36 $ 11 $ — $ 5 $ 4 $ — $ 646 $ — $ 702 3-4 Pass 261,678 24,195 73,860 35,623 21,707 31,916 5,689 — 454,668 5 Special mention 797 363 496 — 50 135 — — 1,841 6-8 Classified — 22 123 111 21 143 — 19 439 Total $ 262,511 $ 24,591 $ 74,479 $ 35,739 $ 21,782 $ 32,194 $ 6,335 $ 19 $ 457,650 Current YTD period: Gross charge-offs $ — $ 185 $ 654 $ 156 $ 270 $ 188 $ — $ 54 $ 1,507 Gross recoveries — — — (27) (13) (79) (1) — (120) Net $ — $ 185 $ 654 $ 129 $ 257 $ 109 $ (1) $ 54 $ 1,387 Total Loans and Leases Internal risk rating: 1-2 High pass $ 369,274 $ 135,778 $ 268,730 $ 179,933 $ 90,210 $ 238,571 $ 982,446 $ 51,188 $ 2,316,130 3-4 Pass 6,869,712 2,152,244 2,390,507 1,667,175 1,134,114 1,345,890 4,511,074 46,987 20,117,703 5 Special mention 12,924 13,238 126,180 91,598 74,684 55,351 13,597 4,039 391,611 6-8 Classified 6,563 9,006 18,143 10,771 6,826 41,306 19,752 3,737 116,104 Total $ 7,258,473 $ 2,310,266 $ 2,803,560 $ 1,949,477 $ 1,305,834 $ 1,681,118 $ 5,526,869 $ 105,951 $ 22,941,548 Current YTD period: Gross charge-offs $ 2,027 $ 265 $ 965 $ 1,146 $ 753 $ 1,924 $ 985 $ 2,650 $ 10,715 Gross recoveries (28) — (169) (64) (447) (11,358) (86) (446) (12,598) Net $ 1,999 $ 265 $ 796 $ 1,082 $ 306 $ (9,434) $ 899 $ 2,204 $ (1,883) ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. TDRs are a result of rate reductions, term extensions, fee concessions, transfers to foreclosed assets, discounted loan payoffs, and debt forgiveness, or a combination thereof. The following table presents our troubled debt restructurings of loans held for investment by loan portfolio segment and class for the periods indicated: Three Months Ended June 30, 2022 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Outstanding Outstanding Number Outstanding Outstanding of Recorded Recorded of Recorded Recorded Troubled Debt Restructurings Loans Investment Investment Loans Investment Investment (Dollars in thousands) Real estate mortgage: Commercial — $ — $ — 1 $ — $ — Residential 1 208 208 — — — Real estate construction and land: Residential — — — 1 208 208 Commercial: Venture capital 4 3,330 3,330 1 2,408 2,408 Other commercial 6 57 57 25 16,358 16,358 Consumer 1 18 18 — — — Total 12 $ 3,613 $ 3,613 28 $ 18,974 $ 18,974 Six Months Ended June 30, 2022 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Outstanding Outstanding Number Outstanding Outstanding of Recorded Recorded of Recorded Recorded Troubled Debt Restructurings Loans Investment Investment Loans Investment Investment (Dollars in thousands) Real estate mortgage: Commercial 1 $ — $ — 2 $ 647 $ — Residential 2 512 207 2 266 266 Real estate construction and land: Residential — — — 1 208 208 Commercial: Asset-based — — — 1 503 503 Venture capital 5 3,330 3,330 3 4,502 2,529 Other commercial 19 1,131 1,131 35 48,608 30,634 Consumer 1 18 18 1 20 20 Total 28 $ 4,991 $ 4,686 45 $ 54,754 $ 34,160 During the three months and six months ended June 30, 2022, there was one residential real estate mortgage loan for $104,000 and two other commercial loans for $110,000 restructured in the preceding 12-month period that subsequently defaulted. During the three months and six months ended June 30, 2021, there were two other commercial loan for $134,000 restructured in the preceding 1 2-month period that subsequently defaulted. Leases Receivable We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for allowance for loan and lease losses. See Note 8. Leases for information regarding operating leases where we are the lessor. The following table provides the components of leases receivable income for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Component of leases receivable income: Interest income on net investments in leases $ 2,491 $ 2,278 $ 4,879 $ 4,358 The following table presents the components of leases receivable as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Net investment in direct financing leases: Lease payments receivable $ 213,628 $ 190,025 Unguaranteed residual assets 23,976 21,487 Deferred costs and other 1,822 1,373 Aggregate net investment in leases $ 239,426 $ 212,885 The following table presents maturities of leases receivable as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 29,235 2023 59,343 2024 54,917 2025 37,721 2026 25,076 Thereafter 33,619 Total undiscounted cash flows 239,911 Less: Unearned income (26,283) Present value of lease payments $ 213,628 Allowance for Loan and Lease Losses The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the periods indicated: Three Months Ended June 30, 2022 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 86,715 $ 44,161 $ 57,056 $ 9,466 $ 197,398 Charge-offs (1,538) (7) (911) (343) (2,799) Recoveries 1,305 — 2,790 11 4,106 Net (charge-offs) recoveries (233) (7) 1,879 (332) 1,307 Provision (1,195) (2,376) (4,904) (1,525) (10,000) Balance, end of period $ 85,287 $ 41,778 $ 54,031 $ 7,609 $ 188,705 Six Months Ended June 30, 2022 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 98,053 $ 45,079 $ 48,718 $ 8,714 $ 200,564 Charge-offs (1,706) (7) (3,744) (576) (6,033) Recoveries 1,468 149 4,525 32 6,174 Net (charge-offs) recoveries (238) 142 781 (544) 141 Provision (12,528) (3,443) 4,532 (561) (12,000) Balance, end of period $ 85,287 $ 41,778 $ 54,031 $ 7,609 $ 188,705 Ending Allowance by Evaluation Methodology: Individually evaluated $ 140 $ — $ 812 $ — $ 952 Collectively evaluated $ 85,147 $ 41,778 $ 53,219 $ 7,609 $ 187,753 Ending Loans and Leases by Evaluation Methodology: Individually evaluated $ 40,178 $ 27,121 $ 11,419 $ — $ 78,718 Collectively evaluated 13,509,468 3,963,918 8,465,387 483,646 26,422,419 Ending balance $ 13,549,646 $ 3,991,039 $ 8,476,806 $ 483,646 $ 26,501,137 Three Months Ended June 30, 2021 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 141,122 $ 66,775 $ 78,716 $ 5,832 $ 292,445 Charge-offs (266) (75) (277) (198) (816) Recoveries 4,882 — 1,029 60 5,971 Net (charge-offs) recoveries 4,616 (75) 752 (138) 5,155 Provision (38,725) (12,118) (21,771) 614 (72,000) Balance, end of period $ 107,013 $ 54,582 $ 57,697 $ 6,308 $ 225,600 Six Months Ended June 30, 2021 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 138,342 $ 78,356 $ 126,403 $ 5,080 $ 348,181 Charge-offs (634) (775) (2,851) (544) (4,804) Recoveries 5,427 — 1,726 70 7,223 Net (charge-offs) recoveries 4,793 (775) (1,125) (474) 2,419 Provision (36,122) (22,999) (67,581) 1,702 (125,000) Balance, end of period $ 107,013 $ 54,582 $ 57,697 $ 6,308 $ 225,600 Ending Allowance by Evaluation Methodology: Individually evaluated $ 203 $ — $ 3,265 $ — $ 3,468 Collectively evaluated $ 106,810 $ 54,582 $ 54,432 $ 6,308 $ 222,132 Ending Loans and Leases by Evaluation Methodology: Individually evaluated $ 41,145 $ 3,254 $ 46,400 $ — $ 90,799 Collectively evaluated 8,371,875 3,502,330 7,175,844 365,409 19,415,458 Ending balance $ 8,413,020 $ 3,505,584 $ 7,222,244 $ 365,409 $ 19,506,257 The allowance for loan and lease losses decreased by $8.7 million in the second quarter of 2022 to $188.7 million due primarily to a provision for loan and lease losses benefit of $10.0 million driven by improvement in credit risks specific to the COVID-19 pandemic combined with changes in our loan portfolio composition, offset partially by an increased provision for loan growth and economic uncertainty. We actively participated in both rounds of the Paycheck Protection Program ("PPP"), under the provisions of the CARES Act during 2020 and 2021, originating $1.65 billion of such loans. As of June 30, 2022, PPP loans totaled $33.0 million, net of deferred fees. The loans have two or five year terms, ar e fully guaranteed by the SBA, and do not carry an allowance. A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans held for investment by collateral type as of the following dates: June 30, 2022 December 31, 2021 Real Business Real Business Property Assets Total Property Assets Total (In thousands) Real estate mortgage $ 48,253 $ — $ 48,253 $ 30,817 $ — $ 30,817 Real estate construction and land 13,621 — 13,621 10,421 — 10,421 Commercial — 440 440 — 7,586 7,586 Total $ 61,874 $ 440 $ 62,314 $ 41,238 $ 7,586 $ 48,824 Allowance for Credit Losses The allowance for credit losses is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the condensed consolidated balance sheets. The following tables present a summary of the activity in the allowance for loan and lease losses and reserve for unfunded loan commitments for the periods indicated: Three Months Ended June 30, 2022 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 197,398 $ 75,071 $ 272,469 Charge-offs (2,799) — (2,799) Recoveries 4,106 — 4,106 Net recoveries 1,307 — 1,307 Provision (10,000) 20,000 10,000 Balance, end of period $ 188,705 $ 95,071 $ 283,776 Six Months Ended June 30, 2022 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 200,564 $ 73,071 $ 273,635 Charge-offs (6,033) — (6,033) Recoveries 6,174 — 6,174 Net recoveries 141 — 141 Provision (12,000) 22,000 10,000 Balance, end of period $ 188,705 $ 95,071 $ 283,776 Three Months Ended June 30, 2021 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 292,445 $ 90,571 $ 383,016 Charge-offs (816) — (816) Recoveries 5,971 — 5,971 Net recoveries 5,155 — 5,155 Provision (72,000) (16,000) (88,000) Balance, end of period $ 225,600 $ 74,571 $ 300,171 Six Months Ended June 30, 2021 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 348,181 $ 85,571 $ 433,752 Charge-offs (4,804) — (4,804) Recoveries 7,223 — 7,223 Net recoveries 2,419 — 2,419 Provision (125,000) (11,000) (136,000) Balance, end of period $ 225,600 $ 74,571 $ 300,171 |
Foreclosed Assets
Foreclosed Assets | 6 Months Ended |
Jun. 30, 2022 | |
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract] | |
Foreclosed Assets | FORECLOSED ASSETS, NET The following table summarizes foreclosed assets, net of the valuation allowance, as of the dates indicated: June 30, December 31, Property Type 2022 2021 (In thousands) Commercial real estate $ — $ 12,594 Multi‑family — — Total other real estate owned, net — 12,594 Other foreclosed assets — 249 Total foreclosed assets, net $ — $ 12,843 The following table presents the changes in foreclosed assets, net of the valuation allowance, for the period indicated: Foreclosed Assets, Net (In thousands) Balance, December 31, 2021 $ 12,843 Transfers to foreclosed assets from loans 304 Reductions related to sales (13,147) Balance, June 30, 2022 $ — |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill and other intangible assets arise from the acquisition method of accounting for business combinations. Goodwill and other intangible assets generated from business combinations and deemed to have indefinite lives are not subject to amortization and instead are tested for impairment annually unless a triggering event occurs thereby requiring an updated assessment. Our regular annual impairment assessment occurs in the fourth quarter. Goodwill represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Impairment exists when the carrying value of the goodwill exceeds its fair value. An impairment loss would be recognized in an amount equal to that excess as a charge to "Noninterest expense" in the condensed consolidated statements of earnings. Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired. The following table presents the changes in CDI and CRI and the related accumulated amortization for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Gross Amount of CDI and CRI: Balance, beginning of period $ 133,850 $ 100,550 $ 133,850 $ 109,646 Addition from Civic acquisition — — — 750 Fully amortized portion — — — (9,846) Balance, end of period 133,850 100,550 133,850 100,550 Accumulated Amortization: Balance, beginning of period (92,542) (79,238) (88,893) (86,005) Amortization expense (3,649) (2,889) (7,298) (5,968) Fully amortized portion — — — 9,846 Balance, end of period (96,191) (82,127) (96,191) (82,127) Net CDI and CRI, end of period $ 37,659 $ 18,423 $ 37,659 $ 18,423 |
Other Assets
Other Assets | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Other Assets [Abstract] | ||
Other Assets | OTHER ASSETS The following table presents the detail of our other assets as of the dates indicated: June 30, December 31, Other Assets 2022 2021 (In thousands) LIHTC investments $ 300,448 $ 297,746 Deferred tax asset, net (1) 254,090 — Cash surrender value of BOLI 205,498 203,836 Interest receivable 128,960 120,329 Operating lease ROU assets, net (2) 128,601 123,225 Equity investments without readily determinable fair values 63,268 62,975 SBIC investments 57,337 46,861 Prepaid expenses 26,816 27,632 Taxes receivable 39,635 36,011 Equity investments with readily determinable fair values 57 28,578 Equity warrants (3) 4,001 3,555 Other receivables/assets 146,740 133,244 Total other assets $ 1,355,451 $ 1,083,992 ____________________ (1) At December 31, 2021, this was a net deferred tax liability of $19.6 million. The change to a deferred tax asset in 2022 was primarily attributable to the increase in unrealized losses on the Company's investment securities portfolio. (2) See Note 8. Leases for further details regarding the operating lease ROU assets. (3) See Note 10. Derivatives for information regarding equity warrants. | |
Stock-Based Compensation | STOCKHOLDERS' EQUITY Stock-Based Compensation At the annual meeting of stockholders held on May 11, 2021, the Company's stockholders approved the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the “Amended and Restated 2017 Plan”). The Company’s Amended and Restated 2017 Plan permits stock-based compensation awards to officers, directors, employees, and consultants and will remain in effect until December 31, 2026. The Amended and Restated 2017 Plan authorizes grants of stock-based compensation instruments to issue up to 6,650,000 shares. As of June 30, 2022, there were 2,083,271 sh ares available for grant under the Amended and Restated 2017 Plan. Restricted Stock Restricted stock amortization totaled $9.0 million and $8.2 million for the three months ended June 30, 2022 and 2021 and $16.5 million and $14.6 million for the six months ended June 30, 2022 and 2021. Such amounts are included in "Compensation expense" on the condensed consolidated statements of earnings. The amount of unrecognized compensation expense related to unvested TRSAs and PRSUs as of June 30, 2022 totaled $82.3 million . Time-Based Restricted Stock Awards At June 30, 2022, there wer e 2,516,279 sh ar es of unvested TRSAs outstanding. TRSAs generally vest ratably over a service period of three Performance-Based Restricted Stock Units At June 30, 2022, there were 505,647 units of unvested PRSUs that have been granted. The PRSUs will vest only if performance goals with respect to certain financial metrics are met over a three-year performance period. The shares underlying the PRSUs are not considered issued and outstanding until they vest. PRSUs are granted and initially expensed based on a target number. The number of shares that will ultimately vest based on actual performance will range from zero to a maximum of either 150% or 200% of target. Compensation expense related to PRSUs is based on the fair value of the underlying award on the grant date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion or all of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion or all of the previously recognized amortization is reversed and also suspended. If it is determined that attainment of a financial measure higher than target is probable, the amortization will increase to up to 150% or 200% of the target amortization amount. Annual PRSU expense may vary during the three-year performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PRSU is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award. Preferred Stock Issuance On June 6, 2022, the Company issued and sold 20,530,000 depositary shares (the “Depositary Shares”), each representing a 1/40th ownership interest in a share of the Company’s 7.75% fixed rate reset non-cumulative, non-convertible, perpetual preferred stock, Series A, par value $0.01 per share (the “Series A preferred stock”), with a liquidation preference of $1,000 per share of Series A preferred stock (equivalent to $25.00 per Depositary Share). The Series A preferred stock qualifies as Tier 1 capital for purposes of regulatory capital calculations. The gross proceeds were $513.3 million while net proceeds from the issuance of the Series A preferred stock, after deducting $14.7 million of offering costs including the underwriting discount and other expenses, were $498.5 million . Holders of the Depositary Shares will be entitled to all proportional rights and preferences of the Series A preferred stock (including dividend, voting, redemption, and liquidation rights). Dividends on the Series A preferred stock will not be cumulative or mandatory. If the Company’s board of directors does not declare a dividend on the Series A preferred stock in respect of a dividend period, then no dividend shall be deemed to be payable for such dividend period, or be cumulative, and the Company will have no obligation to pay any dividend for that dividend period, whether or not the board of directors, declares a dividend on the Series A preferred stock or any other class or series of its capital stock for any future dividend period. Additionally, so long as any share of Series A preferred stock remains outstanding, unless dividends on all outstanding shares of Series A preferred stock for the most recently completed dividend period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, no dividend shall be declared or paid or set aside for payment and no distribution shall be declared or made or set aside for payment on the Company’s common stock. The Series A preferred stock is perpetual and has no maturity date. The Series A preferred stock is not subject to any mandatory redemption, sinking fund, or other similar provisions. The Company, at its option and subject to prior regulatory approval, may redeem the Series A preferred stock (i) in whole or in part, from time to time, on any dividend payment date on or after September 1, 2027 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event, in each case, at a redemption price equal to $1,000 per share of Series A preferred stock (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date. Neither the holders of the Series A preferred stock nor holders of the Depositary Shares will have the right to require the redemption or repurchase of the Series A preferred stock. |
Leases
Leases | 6 Months Ended |
Jun. 30, 2022 | |
Leases [Abstract] | |
Leases | LEASES Operating Leases as a Lessee Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Operating lease expense: Fixed costs $ 9,042 $ 8,776 $ 17,521 $ 17,272 Variable costs 36 9 59 24 Short-term lease costs 379 429 743 685 Sublease income (1,077) (1,084) (2,153) (2,183) Net lease expense $ 8,380 $ 8,130 $ 16,170 $ 15,798 The following table presents supplemental cash flow information related to leases for the periods indicated: Six Months Ended June 30, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 17,574 $ 18,450 ROU assets obtained in exchange for lease obligations: Operating leases $ 23,804 $ 16,649 The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated: June 30, December 31, 2022 2021 (Dollars in thousands) Operating leases: Operating lease right-of-use assets, net $ 128,601 $ 123,225 Operating lease liabilities $ 149,905 $ 142,117 Weighted average remaining lease term (in years) 5.9 5.6 Weighted average discount rate 2.28 % 2.23 % The following table presents the maturities of operating lease liabilities as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 18,808 2023 35,920 2024 28,731 2025 21,902 2026 16,817 Thereafter 38,902 Total operating lease liabilities 161,080 Less: Imputed interest (11,175) Present value of operating lease liabilities $ 149,905 Operating Leases as a Lessor We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the condensed consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the condensed consolidated statements of earnings, according to our fixed asset accounting policy. We receive periodic rental income payments under the leases, which are recorded as "Noninterest Income" in the condensed consolidated statements of earnings. The equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the six months ended June 30, 2022 and 2021. The following table presents the rental payments to be received on operating leases as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 22,902 2023 40,722 2024 36,156 2025 27,659 2026 21,901 Thereafter 44,456 Total undiscounted cash flows $ 193,796 |
Leases | LEASES Operating Leases as a Lessee Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Operating lease expense: Fixed costs $ 9,042 $ 8,776 $ 17,521 $ 17,272 Variable costs 36 9 59 24 Short-term lease costs 379 429 743 685 Sublease income (1,077) (1,084) (2,153) (2,183) Net lease expense $ 8,380 $ 8,130 $ 16,170 $ 15,798 The following table presents supplemental cash flow information related to leases for the periods indicated: Six Months Ended June 30, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 17,574 $ 18,450 ROU assets obtained in exchange for lease obligations: Operating leases $ 23,804 $ 16,649 The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated: June 30, December 31, 2022 2021 (Dollars in thousands) Operating leases: Operating lease right-of-use assets, net $ 128,601 $ 123,225 Operating lease liabilities $ 149,905 $ 142,117 Weighted average remaining lease term (in years) 5.9 5.6 Weighted average discount rate 2.28 % 2.23 % The following table presents the maturities of operating lease liabilities as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 18,808 2023 35,920 2024 28,731 2025 21,902 2026 16,817 Thereafter 38,902 Total operating lease liabilities 161,080 Less: Imputed interest (11,175) Present value of operating lease liabilities $ 149,905 Operating Leases as a Lessor We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the condensed consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the condensed consolidated statements of earnings, according to our fixed asset accounting policy. We receive periodic rental income payments under the leases, which are recorded as "Noninterest Income" in the condensed consolidated statements of earnings. The equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the six months ended June 30, 2022 and 2021. The following table presents the rental payments to be received on operating leases as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 22,902 2023 40,722 2024 36,156 2025 27,659 2026 21,901 Thereafter 44,456 Total undiscounted cash flows $ 193,796 |
Borrowings and Subordinated Deb
Borrowings and Subordinated Debentures | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
Borrowings and Subordinated Debentures | BORROWINGS AND SUBORDINATED DEBT Borrowings The following table summarizes our borrowings as of the dates indicated: June 30, 2022 December 31, 2021 Weighted Weighted Average Average Balance Rate Balance Rate (Dollars in thousands) FHLB secured advances $ 1,230,000 1.57 % $ — — % FHLB unsecured overnight advance 112,000 1.61 % — — % AFX short-term borrowings 250,000 1.70 % — — % Total borrowings $ 1,592,000 1.59 % $ — — % The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF, and other financial institutions. FHLB Secured Line of Credit. The Bank had secured financing capacity with the FHLB as of June 30, 2022 of $5.4 billion, collateralized by a blanket lien on $5.7 billion of qualifying loans and $2.1 billion of securities. As of June 30, 2022, the balance outstanding was $1.2 billion, which consisted of a $1.0 billion overnight advance and a $200.0 million one-month advance with a July 6, 2022 maturity date. As of December 31, 2021, there was no balance outstanding. FRBSF Secured Line of Credit. The Bank has a secured line of credit with the FRBSF. As of June 30, 2022, the Bank had secured borrowing capacity of $2.4 billion collateralized by liens covering $3.0 billion of qualifying loans. As of June 30, 2022 and December 31, 2021, there were no balances outstanding. FHLB Unsecured Line of Credit. The Bank has a $112.0 million unsecured line of credit with the FHLB for the purchase of overnight funds, of which there was a $112.0 million balance outstanding at June 30, 2022 and no balance outstanding at December 31, 2021. Federal Funds Arrangements with Commercial Banks. As of June 30, 2022, the Bank had unsecured lines of credit of $180.0 million in the aggregate with several correspondent banks for the purchase of overnight funds, subject to availability of funds. These lines are renewable annually and have no unused commitment fees. As of June 30, 2022 and December 31, 2021, there were no balances outstanding. The Bank is a member of the AFX, through which it may either borrow or lend funds on an overnight or short-term basis with a group of pre-approved commercial banks. The availability of funds changes daily. As of June 30, 2022, the balance outstanding was $250.0 million, which consisted of $250.0 million in overnight borrowings. As of December 31, 2021, there was no balance outstanding. Subordinated Debt The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated: June 30, 2022 December 31, 2021 Date Maturity Rate Index Series Balance Rate (1) Balance Rate (1) Issued Date (Quarterly Reset) (6) (Dollars in thousands) Subordinated notes, net (2) $ 394,882 3.25 % $ 394,634 3.25 % 4/30/2021 5/1/2031 Fixed rate (3) Trust V 10,310 5.13 % 10,310 3.32 % 8/15/2003 9/17/2033 3-month LIBOR + 3.10 Trust VI 10,310 4.88 % 10,310 3.25 % 9/3/2003 9/15/2033 3-month LIBOR + 3.05 Trust CII 5,155 4.98 % 5,155 3.17 % 9/17/2003 9/17/2033 3-month LIBOR + 2.95 Trust VII 61,856 4.04 % 61,856 2.88 % 2/5/2004 4/23/2034 3-month LIBOR + 2.75 Trust CIII 20,619 3.52 % 20,619 1.89 % 8/15/2005 9/15/2035 3-month LIBOR + 1.69 Trust FCCI 16,495 3.43 % 16,495 1.80 % 1/25/2007 3/15/2037 3-month LIBOR + 1.60 Trust FCBI 10,310 3.38 % 10,310 1.75 % 9/30/2005 12/15/2035 3-month LIBOR + 1.55 Trust CS 2005-1 82,475 3.78 % 82,475 2.15 % 11/21/2005 12/15/2035 3-month LIBOR + 1.95 Trust CS 2005-2 128,866 3.24 % 128,866 2.08 % 12/14/2005 1/30/2036 3-month LIBOR + 1.95 Trust CS 2006-1 51,545 3.24 % 51,545 2.08 % 2/22/2006 4/30/2036 3-month LIBOR + 1.95 Trust CS 2006-2 51,550 3.24 % 51,550 2.08 % 9/27/2006 10/30/2036 3-month LIBOR + 1.95 Trust CS 2006-3 (4) 27,022 1.61 % 29,306 1.49 % 9/29/2006 10/30/2036 3-month EURIBOR + 2.05 Trust CS 2006-4 16,470 3.24 % 16,470 2.08 % 12/5/2006 1/30/2037 3-month LIBOR + 1.95 Trust CS 2006-5 6,650 3.24 % 6,650 2.08 % 12/19/2006 1/30/2037 3-month LIBOR + 1.95 Trust CS 2007-2 39,177 3.24 % 39,177 2.08 % 6/13/2007 7/30/2037 3-month LIBOR + 1.95 Total subordinated debt 933,692 3.36 % 935,728 2.64 % Acquisition discount (5) (69,936) (72,445) Net subordinated debt $ 863,756 $ 863,283 ___________________ (1) Rates do not include the effects of discounts and issuance costs. (2) Net of unamortized issuance costs of $5.1 million. (3) Interest rate is fixed until May 1, 2026, when it changes to a floating rate and resets quarterly at a benchmark rate plus 252 basis points. (4) Denomination is in Euros with a value of €25.8 million. (5) Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions. (6) Interest rate will default to the last published or determined rate of LIBOR, and for Trust CS 2006-4, the Base Rate, defined as the greater of Prime and the federal funds rate, upon cessation of LIBOR and effectively converting these instruments to fixed rate, if not modified prior to June 30, 2023. |
Derivatives
Derivatives | 6 Months Ended |
Jun. 30, 2022 | |
Derivatives [Abstract] | |
Derivatives | DERIVATIVES The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the condensed consolidated balance sheets as of the dates indicated: June 30, 2022 December 31, 2021 Notional Fair Notional Fair Derivatives Not Designated As Hedging Instruments Amount Value Amount Value (In thousands) Derivative Assets: Interest rate contracts $ 86,533 $ 4,198 $ 87,470 $ 992 Foreign exchange contracts 28,463 631 28,463 1,517 Interest rate and economic contracts 114,996 4,829 115,933 2,509 Equity warrant assets 18,612 4,001 18,539 3,555 Total $ 133,608 $ 8,830 $ 134,472 $ 6,064 Derivative Liabilities: Interest rate contracts $ 86,533 $ 4,008 $ 87,470 $ 931 Foreign exchange contracts 28,463 — 28,463 — Total $ 114,996 $ 4,008 $ 115,933 $ 931 For further information regarding our derivatives, see Note 1. Nature of Operations and Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements contained in "Item 8. Financial Statements and Supplementary Data" of the Form 10-K. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES The following table presents a summary of commitments described below as of the dates indicated: June 30, December 31, 2022 2021 (In thousands) Loan commitments to extend credit $ 11,866,437 $ 9,006,350 Standby letters of credit 328,143 345,769 Total $ 12,194,580 $ 9,352,119 The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the condensed consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement that the Company has in particular classes of financial instruments. Commitments to extend credit are contractual agreements to lend to our customers when customers are in compliance with their contractual credit agreements and when customers have contractual availability to borrow under such agreements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The estimated exposure to loss from these commitments is included in the reserve for unfunded loan commitments, which amounted to $95.1 million at June 30, 2022 and $73.1 million at December 31, 2021. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. We provide standby letters of credit in conjunction with several of our lending arrangements and property lease obligations. Most guarantees expire within one year from the date of issuance. If a borrower defaults on its commitments subject to any letter of credit issued under these arrangements, we would be required to meet the borrower's financial obligation but would seek repayment of that financial obligation from the borrower. In some cases, borrowers have pledged cash and investment securities as collateral under these arrangements. In addition, we invest in SBICs that call for capital contributions up to an amount specified in the partnership agreements, and in CRA-related loan pools. As of June 30, 2022 and December 31, 2021, we had commitments to contribute capital to these entities totaling $80.4 million and $85.9 million. The following table presents the years in which commitments are expected to be paid for our commitments to contribute capital to SBICs and CRA-related loan pools as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 35,761 2023 39,084 2024 5,558 Total $ 80,403 Legal Matters In the ordinary course of our business, the Company is party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon currently available information, any resulting liability, in addition to amounts already accrued, and taking into consideration insurance which may be applicable, would not have a material adverse effect on the Company’s financial statements or operations. The range of any reasonably possible liabilities is also not significant. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS The Company uses fair value to measure certain assets and liabilities on a recurring basis, primarily securities available-for-sale and derivatives. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for individually evaluated loans and leases and other real estate owned and also to record impairment on certain assets, such as goodwill, CDI, and other long-lived assets. For information regarding the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820), and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825, as amended by ASU 2016-01 and ASU 2018-03), see Note 1. Nature of Operations and Summary of Significant Accounting Policies, and Note 15. Fair Value Measurements, to the Consolidated Financial Statements of the Company's Form 10-K. The Company also holds SBIC investments measured at fair value using the NAV per share practical expedient that are not required to be classified in the fair value hierarchy. At June 30, 2022, the fair value of these investments was $57.3 million. The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated: Fair Value Measurements as of June 30, 2022 Measured on a Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Securities available-for-sale: Agency residential MBS $ 2,577,715 $ — $ 2,577,715 $ — Agency commercial MBS 976,221 — 976,221 — Agency residential CMOs 803,309 — 803,309 — Municipal securities 700,605 — 700,605 — U.S. Treasury securities 696,054 696,054 — — Corporate debt securities 369,461 — 369,461 — Collateralized loan obligations 352,290 — 352,290 — Private label residential CMOs 216,103 — 216,103 — Asset-backed securities 32,647 — 32,647 — Private label commercial MBS 32,516 — 32,516 — SBA securities 23,727 — 23,727 — Total securities available-for-sale $ 6,780,648 $ 696,054 $ 6,084,594 $ — Equity investments with readily determinable fair values $ 57 $ 57 $ — $ — Derivatives (1) : Equity warrants 4,001 — — 4,001 Interest rate and economic contracts 4,829 — 4,829 — Derivative liabilities 4,008 — 4,008 — Fair Value Measurements as of December 31, 2021 Measured on a Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Securities available-for-sale: Agency residential MBS $ 2,898,210 $ — $ 2,898,210 $ — Municipal securities 2,315,968 — 2,315,968 — Agency commercial MBS 1,688,967 — 1,688,967 — Agency residential CMOs 1,038,134 — 1,038,134 — U.S. Treasury securities 966,898 966,898 — — Corporate debt securities 527,094 — 527,094 — Private label commercial MBS 450,217 — 435,216 15,001 Collateralized loan obligations 385,362 — 385,362 — Private label residential CMOs 264,417 — 264,417 — Asset-backed securities 129,547 — 129,547 — SBA securities 29,644 — 29,644 — Total securities available-for-sale $ 10,694,458 $ 966,898 $ 9,712,559 $ 15,001 Equity investments with readily determinable fair values $ 28,578 $ 28,578 $ — $ — Derivatives (1) : Equity warrants 3,555 — — 3,555 Interest rate and economic contracts 2,509 — 2,509 — Derivative liabilities 931 — 931 — ____________________ (1) For information regarding derivative instruments, see Note 10. Derivatives . During the six months ended June 30, 2022, there was a $9,000 transfer from Level 3 equity warrants to Level 1 equity investments with readily determinable fair values measured on a recurring basis. There was also a $4.6 million transfer of private label commercial MBS from Level 3 to Level 2 during the six months ended June 30, 2022. The following table presents information about quantitative inputs and assumptions used in the modified Black-Scholes option pricing model to determine the fair value for our Level 3 equity warrants measured at fair value on a recurring basis as of the date indicated: June 30, 2022 Equity Warrants Weighted Range Average Unobservable Inputs of Inputs Input (1) Volatility 25.2% - 141.3% 28.9% Risk-free interest rate 1.3% - 3.0% 2.9% Remaining life assumption (in years) 0.08 - 4.98 3.09 ____________________ (1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments. The following table summarizes activity for our Level 3 private label commercial MBS available-for-sale and equity warrants measured at fair value on a recurring basis for the period indicated: Private Label Equity Commercial MBS Warrants (In thousands) Balance, December 31, 2021 $ 15,001 $ 3,555 Total included in earnings (8) 2,244 Total included in other comprehensive income (loss) (156) — Issuances — 392 Transfer to Level 2 (4,552) — Net settlements (10,285) — Exercises and settlements — (2,181) Transfers to Level 1 (equity investments with readily determinable fair values) — (9) Balance, June 30, 2022 $ — $ 4,001 Unrealized net gains (losses) for the period included in other comprehensive income for securities held at quarter-end $ — The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated: Fair Value Measurement as of June 30, 2022 Measured on a Non-Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Individually evaluated loans and leases $ 23,501 $ — $ 13,760 $ 9,741 Total non-recurring $ 23,501 $ — $ 13,760 $ 9,741 Fair Value Measurement as of December 31, 2021 Measured on a Non-Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Individually evaluated loans and leases $ 30,882 $ — $ 2,915 $ 27,967 Total non-recurring $ 30,882 $ — $ 2,915 $ 27,967 The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated: Three Months Ended Six Months Ended Losses on Assets June 30, June 30, Measured on a Non-Recurring Basis 2022 2021 2022 2021 (In thousands) Individually evaluated loans and leases $ 1,569 $ 1,951 $ 1,584 $ 2,653 OREO — — — 14 Total losses $ 1,569 $ 1,951 $ 1,584 $ 2,667 The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated: June 30, 2022 Valuation Unobservable Input or Weighted Asset Fair Value Technique Inputs Range Average (Dollars in thousands) Individually evaluated loans and leases $ 7,103 Discounted cash flows Discount rates 5.50% - 9.25% 7.11% Individually evaluated loans and leases 2,638 Third party appraisals No discounts Total non-recurring Level 3 $ 9,741 The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated: June 30, 2022 Carrying Estimated Fair Value Amount Total Level 1 Level 2 Level 3 ( In thousands ) Financial Assets: Cash and due from banks $ 197,027 $ 197,027 $ 197,027 $ — $ — Interest-earning deposits in financial institutions 2,192,877 2,192,877 2,192,877 — — Securities available-for-sale 6,780,648 6,780,648 696,054 6,084,594 — Securities held-to-maturity 2,260,367 2,209,759 180,896 2,028,863 — Investment in FHLB stock 33,210 33,210 — 33,210 — Loans and leases held for investment, net 26,312,432 24,639,943 — 13,760 24,626,183 Equity investments with readily determinable fair values 57 57 57 — — Equity warrants 4,001 4,001 — — 4,001 Interest rate and economic contracts 4,829 4,829 — 4,829 — Servicing rights 839 839 — — 839 Financial Liabilities: Core deposits 29,218,646 29,218,646 — 29,218,646 — Non-core non-maturity deposits 2,185,248 2,185,248 — 2,185,248 — Time deposits 2,564,258 2,542,229 — 2,542,229 — Borrowings 1,592,000 1,591,920 1,392,000 199,920 — Subordinated debt 863,756 880,648 — 880,648 — Derivative liabilities 4,008 4,008 — 4,008 — December 31, 2021 Carrying Estimated Fair Value Amount Total Level 1 Level 2 Level 3 ( In thousands ) Financial Assets: Cash and due from banks $ 112,548 $ 112,548 $ 112,548 $ — $ — Interest-earning deposits in financial institutions 3,944,686 3,944,686 3,944,686 — — Securities available-for-sale 10,694,458 10,694,458 966,898 9,712,559 15,001 Investment in FHLB stock 17,250 17,250 — 17,250 — Loans and leases held for investment, net 22,740,984 23,461,156 — 2,915 23,458,241 Equity investments with readily determinable fair values 28,578 28,578 28,578 — — Equity warrants 3,555 3,555 — — 3,555 Interest rate and economic contracts 2,509 2,509 — 2,509 — Servicing rights 1,228 1,228 — — 1,228 Financial Liabilities: Core deposits 32,734,949 32,734,949 — 32,734,949 — Non-core non-maturity deposits 889,976 889,976 — 889,976 — Time deposits 1,372,832 1,371,527 — 1,371,527 — Borrowings — — — — — Subordinated debt 863,283 917,342 — 917,342 — Derivative liabilities 931 931 — 931 — Limitations Fair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be reasonable judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of June 30, 2022, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different. |
Earnings (Loss) Per Share
Earnings (Loss) Per Share | 6 Months Ended |
Jun. 30, 2022 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Share | EARNINGS PER COMMON SHARE The following table presents the computations of basic and diluted net earnings per common share for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Dollars in thousands, except per share data) Basic Earnings Per Common Share: Net earnings $ 122,360 $ 180,512 $ 242,488 $ 330,918 Less: Earnings allocated to unvested restricted stock (1) (2,351) (3,172) (4,389) (5,495) Net earnings allocated to common shares $ 120,009 $ 177,340 $ 238,099 $ 325,423 Weighted-average basic shares and unvested restricted stock outstanding 120,022 119,386 119,810 119,121 Less: Weighted-average unvested restricted stock outstanding (2,460) (2,356) (2,354) (2,181) Weighted-average basic shares outstanding 117,562 117,030 117,456 116,940 Basic earnings per common share $ 1.02 $ 1.52 $ 2.03 $ 2.78 Diluted Earnings Per Common Share: Net earnings allocated to common shares $ 120,009 $ 177,340 $ 238,099 $ 325,423 Weighted-average diluted shares outstanding 117,562 117,030 117,456 116,940 Diluted earnings per common share $ 1.02 $ 1.52 $ 2.03 $ 2.78 ________________________ (1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Revenue From Contracts With Cus
Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2022 | |
Revenue From Contracts With Customers [Abstract] | |
Revenue from Contracts with Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following table presents interest income and noninterest income, the components of total revenue, as disclosed in the condensed consolidated statements of earnings and the related amounts which are from contracts with customers within the scope of ASC Topic 606, " Revenue from Contracts with Customers," for the periods indicated. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606. Three Months Ended June 30, 2022 2021 Total Revenue from Total Revenue from Recorded Contracts with Recorded Contracts with Revenue Customers Revenue Customers (In thousands) Total interest income $ 350,518 $ — $ 280,505 $ — Noninterest income: Service charges on deposit accounts 3,634 3,634 3,452 3,452 Other commissions and fees 10,813 4,001 10,704 2,603 Leased equipment income 12,335 — 10,847 — Gain on sale of loans 12 — 1,422 — Loss on sale of securities (1,209) — — — Dividends and gains on equity securities 4,097 — 5,394 — Warrant income 1,615 — 5,650 — Other income 3,049 65 2,902 394 Total noninterest income 34,346 7,700 40,371 6,449 Total revenue $ 384,864 $ 7,700 $ 320,876 $ 6,449 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated: Three Months Ended June 30, 2022 2021 (In thousands) Products and services transferred at a point in time $ 3,771 $ 3,068 Products and services transferred over time 3,929 3,381 Total revenue from contracts with customers $ 7,700 $ 6,449 Six Months Ended June 30, 2022 2021 Total Revenue from Total Revenue from Recorded Contracts with Recorded Contracts with Revenue Customers Revenue Customers (In thousands) Total interest income $ 673,422 $ — $ 553,842 $ — Noninterest income: Service charges on deposit accounts 7,205 7,205 6,386 6,386 Other commissions and fees 22,393 7,774 19,862 5,460 Leased equipment income 25,429 — 22,201 — Gain on sale of loans 72 — 1,561 — (Loss) gain on sale of securities (1,105) — 101 — Dividends and (losses) gains on equity securities (7,278) — 16,298 — Warrant income 2,244 — 11,773 — Other income 6,204 63 7,018 574 Total noninterest income 55,164 15,042 85,200 12,420 Total revenue $ 728,586 $ 15,042 $ 639,042 $ 12,420 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated: Six Months Ended June 30, 2022 2021 (In thousands) Products and services transferred at a point in time $ 7,697 $ 6,065 Products and services transferred over time 7,345 6,355 Total revenue from contracts with customers $ 15,042 $ 12,420 Contract Balances The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Receivables, which are included in "Other assets" $ 1,406 $ 1,066 Contract liabilities, which are included in "Accrued interest payable and other liabilities" $ 163 $ 229 Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the six months ended June 30, 2022 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $66,000 |
Stockholders' Equity
Stockholders' Equity | 3 Months Ended |
Jun. 30, 2022 | |
Share-based Payment Arrangement [Abstract] | |
Stock-Based Compensation | STOCKHOLDERS' EQUITY Stock-Based Compensation At the annual meeting of stockholders held on May 11, 2021, the Company's stockholders approved the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the “Amended and Restated 2017 Plan”). The Company’s Amended and Restated 2017 Plan permits stock-based compensation awards to officers, directors, employees, and consultants and will remain in effect until December 31, 2026. The Amended and Restated 2017 Plan authorizes grants of stock-based compensation instruments to issue up to 6,650,000 shares. As of June 30, 2022, there were 2,083,271 sh ares available for grant under the Amended and Restated 2017 Plan. Restricted Stock Restricted stock amortization totaled $9.0 million and $8.2 million for the three months ended June 30, 2022 and 2021 and $16.5 million and $14.6 million for the six months ended June 30, 2022 and 2021. Such amounts are included in "Compensation expense" on the condensed consolidated statements of earnings. The amount of unrecognized compensation expense related to unvested TRSAs and PRSUs as of June 30, 2022 totaled $82.3 million . Time-Based Restricted Stock Awards At June 30, 2022, there wer e 2,516,279 sh ar es of unvested TRSAs outstanding. TRSAs generally vest ratably over a service period of three Performance-Based Restricted Stock Units At June 30, 2022, there were 505,647 units of unvested PRSUs that have been granted. The PRSUs will vest only if performance goals with respect to certain financial metrics are met over a three-year performance period. The shares underlying the PRSUs are not considered issued and outstanding until they vest. PRSUs are granted and initially expensed based on a target number. The number of shares that will ultimately vest based on actual performance will range from zero to a maximum of either 150% or 200% of target. Compensation expense related to PRSUs is based on the fair value of the underlying award on the grant date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion or all of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion or all of the previously recognized amortization is reversed and also suspended. If it is determined that attainment of a financial measure higher than target is probable, the amortization will increase to up to 150% or 200% of the target amortization amount. Annual PRSU expense may vary during the three-year performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PRSU is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award. Preferred Stock Issuance On June 6, 2022, the Company issued and sold 20,530,000 depositary shares (the “Depositary Shares”), each representing a 1/40th ownership interest in a share of the Company’s 7.75% fixed rate reset non-cumulative, non-convertible, perpetual preferred stock, Series A, par value $0.01 per share (the “Series A preferred stock”), with a liquidation preference of $1,000 per share of Series A preferred stock (equivalent to $25.00 per Depositary Share). The Series A preferred stock qualifies as Tier 1 capital for purposes of regulatory capital calculations. The gross proceeds were $513.3 million while net proceeds from the issuance of the Series A preferred stock, after deducting $14.7 million of offering costs including the underwriting discount and other expenses, were $498.5 million . Holders of the Depositary Shares will be entitled to all proportional rights and preferences of the Series A preferred stock (including dividend, voting, redemption, and liquidation rights). Dividends on the Series A preferred stock will not be cumulative or mandatory. If the Company’s board of directors does not declare a dividend on the Series A preferred stock in respect of a dividend period, then no dividend shall be deemed to be payable for such dividend period, or be cumulative, and the Company will have no obligation to pay any dividend for that dividend period, whether or not the board of directors, declares a dividend on the Series A preferred stock or any other class or series of its capital stock for any future dividend period. Additionally, so long as any share of Series A preferred stock remains outstanding, unless dividends on all outstanding shares of Series A preferred stock for the most recently completed dividend period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, no dividend shall be declared or paid or set aside for payment and no distribution shall be declared or made or set aside for payment on the Company’s common stock. The Series A preferred stock is perpetual and has no maturity date. The Series A preferred stock is not subject to any mandatory redemption, sinking fund, or other similar provisions. The Company, at its option and subject to prior regulatory approval, may redeem the Series A preferred stock (i) in whole or in part, from time to time, on any dividend payment date on or after September 1, 2027 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event, in each case, at a redemption price equal to $1,000 per share of Series A preferred stock (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date. Neither the holders of the Series A preferred stock nor holders of the Depositary Shares will have the right to require the redemption or repurchase of the Series A preferred stock. |
Recently Issued Accounting Stan
Recently Issued Accounting Standards | 6 Months Ended |
Jun. 30, 2022 | |
Recently Issued Accounting Standards [Abstract] | |
Recently Issued Accounting Standards | RECENTLY ISSUED ACCOUNTING STANDARDS Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2020-04, " Reference Rate Reform (Topic 848) " and ASU 2021-01, “ Reference Rate Reform (Topic 848): Scope) " This standard provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other agreements affected by the anticipated transition away from LIBOR toward new interest reference rates. For agreements that are modified because of reference rate reform and that meet certain scope guidance: (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered “minor” so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. Additionally, the amendments in ASU 2021-01 clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Specifically, certain provisions in Topic 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. ASU 2020-04 is effective immediately, as of March 12, 2020, and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. ASU 2021-01 is also effective immediately. Entities may elect to apply the amendments on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to January 7, 2021 and up to December 31, 2022. Effective upon the issuance date of March 12, 2020, and once adopted, will apply to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company has established a cross-functional project team and implementation plan to facilitate the LIBOR transition. As of December 31, 2021, the Company permanently ceased originating any new loans or entering into any transaction that would increase its LIBOR-based exposure. For all new variable-rate and hybrid loans, the Company primarily offers Prime and SOFR as the variable-rate index, but may consider alternate rates such as the American Interbank Offered Rate (“Ameribor”) and others based on market conditions and/or the type of loan or financial instrument. The Company has completed its readiness efforts to identify loans and other financial instruments that are impacted by the discontinuance of LIBOR. The Company has also completed its review for fallback language contained in contracts for LIBOR-based loans and other financial instruments and has begun to execute a transition plan to amend those legacy contracts maturing after June 30, 2023 that do not have or have inadequate fallback language by adding fallback language or to convert the base rate of the contract to a SOFR-based rate or another rate or index offered by the Company. The Company will also continue to assess impacts to its operations, financial models, data and technology as part of our transition plan. The Company is currently evaluating the impact of this Update on its consolidated financial statements but does not expect it to have a material impact. Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers This standard requires that an entity (acquirer) recognizes and measures contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At acquisition date, an acquirer should account for the related revenue contracts with customers in accordance with Topic 606 as if it had originated the contracts. The acquirer should consider the terms of the acquired contracts, such as timing of payment, identify each performance obligation in the contracts and allocate the total transaction price to each identified performance obligation on a relative standalone selling price basis as of contract inception or contract modification to determine what should be recorded at the acquisition date. The amendments improve comparability by providing consistent recognition and measurement guidance for revenue contracts with customers whether they are acquired and not acquired in a business combination. The amendments should be applied prospectively to business combinations occurring on or after the effective date. Additionally, early adoption is permitted. January 1, 2023 The Company will apply the amendments prospectively to business combinations occurring on or after the effective date. This standard is not expected to have a material impact on the Company’s consolidated financial statements. |
Related Party Disclosures
Related Party Disclosures | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure | NOTE 17. RELATED PARTY TRANSACTIONS In February 2022, the Company purchased $133.1 million in unpaid principal balances of single-family residential mortgage loans from a privately owned non-affiliated bank holding company. In addition, the Company entered into a subservicing agreement with the bank holding company pursuant to which it would service the purchased loans on an ongoing basis and the Company could outsource servicing of loans purchased from third parties to it. The Company’s Chairman of the Board of Directors is a director of the non-affiliated bank holding company. The transactions described above were approved by the Audit Committee of the Board of Directors in accordance with our related party transactions policy. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS Common Stock Dividends On August 1, 2022, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on August 31, 2022 to stockholders of record at the close of business on August 15, 2022. Preferred Stock Dividends On August 1, 2022, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.4575 per Depositary Share. The cash dividend is payable on September 1, 2022 to stockholders of record at the close of business on August 15, 2022. The Company has evaluated events that have occurred subsequent to June 30, 2022 and have concluded there are no other subsequent events that would require recognition in the accompanying condensed consolidated financial statements. |
Organization Organization (Poli
Organization Organization (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Significant Accounting Policies | Significant Accounting Policies Our accounting policies are described in Note 1. Nature of Operations and Summary of Significant Accounting Policies , of our audited consolidated financial statements included in our Annual R eport on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission ("Form 10-K"). Updates to our significant accounting policies described below reflect the impact of the Company's transfer of $2.3 billion in fair value of debt securities from available-for-sale to held-to-maturity effective June 1, 2022. Transfer Between Categories of Debt Securitie s Upon transfer of a debt security from the available-for-sale category to the held-to-maturity category, the security's new amortized cost is reset to fair value, reduced by any previous write-offs but excluding any allowance for credit losses. Any associated unrealized gains or losses on such investments as of the date of transfer become part of the security's amortized cost and are subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. In addition, the related unrealized gains and losses included in accumulated other comprehensive income on the date of transfer are also subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. For transfers of securities from the available-for-sale category to the held-to-maturity category, any allowance for credit losses that was previously recorded under the available-for-sale model is reversed and an allowance for credit losses is subsequently recorded under the held-to-maturity debt security model. The reversal and re-establishment of the allowance for credit losses are recorded in the "Provisions for credit losses" on the Company's condensed consolidated statements of earnings. Held-to-Maturity Debt Securitie s Debt securities that the Company has the intent and ability to hold until maturity are classified as held-to-maturity and are carried at amortized cost, net of the allowance for credit losses. Held-to-maturity debt securities are generally placed on nonaccrual status using factors similar to those described for loans. The amortized cost of the Company's held-to-maturity debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's condensed consolidated balance sheets. The Company has made an accounting policy election not to recognize an allowance for credit losses for accrued interest receivable on held-to-maturity debt securities, as the Company reverses any accrued interest against interest income if a debt security is placed on nonaccrual status. Any cash collected on nonaccrual held-to-maturity securities is applied to reduce the security's amortized cost basis and not as interest income. Generally, the Company returns a held-to-maturity security to accrual status when all delinquent interest and principal become current under the contractual terms of the security, and the collectability of remaining principal and interest is no longer doubtful. Allowance for Credit Losses on Held-to-Maturity Debt Securities |
Recently Issued Accounting Standards | Accounting Standards Adopted in 2022 Effective January 1, 2022, the Company partially adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326) ,” specifically the amendment related to the vintage disclosures, which requires creditors that are public entities to disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” The amendment also eliminates the disclosure of gross recoveries by year of origination previously presented in Example 15 in ASC 326-20-50-79, since it is not required under the guidance in ASC 326-20-50-6. The Company updated the vintage table disclosure in Note 4. Loans and Leases to present only current-period gross charge-offs by year of origination. The adoption of this amendment did not have a material impact on the Company’s condensed consolidated financial statements. Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2020-04, " Reference Rate Reform (Topic 848) " and ASU 2021-01, “ Reference Rate Reform (Topic 848): Scope) " This standard provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other agreements affected by the anticipated transition away from LIBOR toward new interest reference rates. For agreements that are modified because of reference rate reform and that meet certain scope guidance: (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered “minor” so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. Additionally, the amendments in ASU 2021-01 clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Specifically, certain provisions in Topic 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. ASU 2020-04 is effective immediately, as of March 12, 2020, and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. ASU 2021-01 is also effective immediately. Entities may elect to apply the amendments on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to January 7, 2021 and up to December 31, 2022. Effective upon the issuance date of March 12, 2020, and once adopted, will apply to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company has established a cross-functional project team and implementation plan to facilitate the LIBOR transition. As of December 31, 2021, the Company permanently ceased originating any new loans or entering into any transaction that would increase its LIBOR-based exposure. For all new variable-rate and hybrid loans, the Company primarily offers Prime and SOFR as the variable-rate index, but may consider alternate rates such as the American Interbank Offered Rate (“Ameribor”) and others based on market conditions and/or the type of loan or financial instrument. The Company has completed its readiness efforts to identify loans and other financial instruments that are impacted by the discontinuance of LIBOR. The Company has also completed its review for fallback language contained in contracts for LIBOR-based loans and other financial instruments and has begun to execute a transition plan to amend those legacy contracts maturing after June 30, 2023 that do not have or have inadequate fallback language by adding fallback language or to convert the base rate of the contract to a SOFR-based rate or another rate or index offered by the Company. The Company will also continue to assess impacts to its operations, financial models, data and technology as part of our transition plan. The Company is currently evaluating the impact of this Update on its consolidated financial statements but does not expect it to have a material impact. Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers This standard requires that an entity (acquirer) recognizes and measures contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At acquisition date, an acquirer should account for the related revenue contracts with customers in accordance with Topic 606 as if it had originated the contracts. The acquirer should consider the terms of the acquired contracts, such as timing of payment, identify each performance obligation in the contracts and allocate the total transaction price to each identified performance obligation on a relative standalone selling price basis as of contract inception or contract modification to determine what should be recorded at the acquisition date. The amendments improve comparability by providing consistent recognition and measurement guidance for revenue contracts with customers whether they are acquired and not acquired in a business combination. The amendments should be applied prospectively to business combinations occurring on or after the effective date. Additionally, early adoption is permitted. January 1, 2023 The Company will apply the amendments prospectively to business combinations occurring on or after the effective date. This standard is not expected to have a material impact on the Company’s consolidated financial statements. |
Basis of Presentation | Basis of Presentation |
Use of Estimates | Use of EstimatesWe have made a number of estimates and assumptions related to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these condensed consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the allowance for credit losses (the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments), the carrying value of goodwill and other intangible assets, and the realization of deferred tax assets. These estimates may be adjusted as more current information becomes available, and any adjustment may be significant. |
Reclassifications | Reclassifications Certain prior period amounts have been reclassified to conform to the current period’s presentation format. On the consolidated statements of earnings, new lines are presented for "Dividends and gains (losses) on equity investments" and "Warrant income," as those categories exceeded the disclosure materiality threshold in the fourth quarter of 2021, which previously had been included as part of "Other income. |
Fair Value Disclosures (Policie
Fair Value Disclosures (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement, Policy | FAIR VALUE MEASUREMENTS The Company uses fair value to measure certain assets and liabilities on a recurring basis, primarily securities available-for-sale and derivatives. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for individually evaluated loans and leases and other real estate owned and also to record impairment on certain assets, such as goodwill, CDI, and other long-lived assets. For information regarding the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820), and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825, as amended by ASU 2016-01 and ASU 2018-03), see Note 1. Nature of Operations and Summary of Significant Accounting Policies, and Note 15. Fair Value Measurements, to the Consolidated Financial Statements of the Company's Form 10-K. The Company also holds SBIC investments measured at fair value using the NAV per share practical expedient that are not required to be classified in the fair value hierarchy. At June 30, 2022, the fair value of these investments was $57.3 million. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of available-for-sale securities reconciliation | The following table presents amortized cost, gross unrealized gains and losses, and fair values of securities available-for-sale as of the dates indicated: June 30, 2022 December 31, 2021 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Security Type Cost Gains Losses Value Cost Gains Losses Value (In thousands) Agency residential MBS $ 2,898,484 $ 901 $ (321,670) $ 2,577,715 $ 2,921,993 $ 8,866 $ (32,649) $ 2,898,210 Agency commercial MBS 1,020,083 849 (44,711) 976,221 1,660,516 37,664 (9,213) 1,688,967 Agency residential CMOs 844,508 109 (41,308) 803,309 1,021,716 22,288 (5,870) 1,038,134 Municipal securities 742,845 3,219 (45,459) 700,605 2,248,749 75,192 (7,973) 2,315,968 U.S. Treasury securities 771,019 — (74,965) 696,054 973,555 1,641 (8,298) 966,898 Corporate debt securities 388,466 75 (19,080) 369,461 514,077 13,774 (757) 527,094 Collateralized loan obligations 365,354 — (13,064) 352,290 385,410 396 (444) 385,362 Private label residential CMOs 248,155 — (32,052) 216,103 265,851 1,857 (3,291) 264,417 Asset-backed securities 33,354 4 (711) 32,647 129,387 484 (324) 129,547 Private label commercial MBS 34,411 — (1,895) 32,516 453,314 147 (3,244) 450,217 SBA securities 24,322 — (595) 23,727 28,950 726 (32) 29,644 Total $ 7,371,001 $ 5,157 $ (595,510) $ 6,780,648 $ 10,603,518 $ 163,035 $ (72,095) $ 10,694,458 |
Schedule of realized gains and losses on securities available-for-sale | The following table presents the amortized cost of securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the years indicated: Three Months Ended Six Months Ended June 30, June 30, Sales of Securities Available-for-Sale 2022 2021 2022 2021 (In thousands) Amortized cost of securities sold $ 393,432 $ — $ 599,520 $ 44,551 Gross realized gains $ 1,544 $ — $ 2,734 $ 101 Gross realized losses (2,753) — (3,839) — Net realized (losses) gains $ (1,209) $ — $ (1,105) $ 101 |
Unrealized losses on investment securities available-for-sale | The following tables present the gross unrealized losses and fair values of securities available-for-sale that were in unrealized loss positions as of the dates indicated: June 30, 2022 Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Security Type Value Losses Value Losses Value Losses (In thousands) Agency residential MBS $ 2,232,774 $ (288,563) $ 262,847 $ (33,107) $ 2,495,621 $ (321,670) Agency commercial MBS 851,935 (39,376) 41,199 (5,335) 893,134 (44,711) Agency residential CMOs 707,516 (29,892) 88,546 (11,416) 796,062 (41,308) Municipal securities 463,945 (45,459) — — 463,945 (45,459) U.S. Treasury securities 696,054 (74,965) — — 696,054 (74,965) Corporate debt securities 355,637 (19,080) — — 355,637 (19,080) Collateralized loan obligations 269,865 (9,256) 82,425 (3,808) 352,290 (13,064) Private label residential CMOs 216,103 (32,052) — — 216,103 (32,052) Asset-backed securities 31,261 (711) — — 31,261 (711) Private label commercial MBS 23,206 (1,177) 9,311 (718) 32,517 (1,895) SBA securities 21,946 (521) 1,781 (74) 23,727 (595) Total $ 5,870,242 $ (541,052) $ 486,109 $ (54,458) $ 6,356,351 $ (595,510) December 31, 2021 Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Security Type Value Losses Value Losses Value Losses (In thousands) Agency residential MBS $ 2,502,536 $ (31,670) $ 57,329 $ (979) $ 2,559,865 $ (32,649) Agency commercial MBS 440,938 (5,066) 106,745 (4,147) 547,683 (9,213) Agency residential CMOs 216,445 (3,757) 67,340 (2,113) 283,785 (5,870) Municipal securities 505,080 (6,965) 29,726 (1,008) 534,806 (7,973) U.S. Treasury securities 628,767 (8,298) — — 628,767 (8,298) Corporate debt securities 32,761 (757) — — 32,761 (757) Collateralized loan obligations 137,619 (374) 43,730 (70) 181,349 (444) Private label residential CMOs 201,988 (3,291) — — 201,988 (3,291) Asset-backed securities 38,742 (137) 15,762 (187) 54,504 (324) Private label commercial MBS 397,619 (3,244) — — 397,619 (3,244) SBA securities — — 1,864 (32) 1,864 (32) Total $ 5,102,495 $ (63,559) $ 322,496 $ (8,536) $ 5,424,991 $ (72,095) |
Schedule of held-to-maturity securities reconciliation | The following table presents amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair values of securities held-to-maturity as of the date indicated: June 30, 2022 Allowance for Net Gross Gross Amortized Credit Carrying Unrealized Unrealized Fair Security Type Cost Losses Amount Gains Losses Value (In thousands) Municipal securities $ 1,241,664 $ (140) $ 1,241,524 $ 554 $ (36,762) $ 1,205,316 Agency commercial MBS 424,274 — 424,274 — (4,626) 419,648 Private label commercial MBS 343,545 — 343,545 — (5,663) 337,882 U.S. Treasury securities 182,751 — 182,751 — (1,855) 180,896 Corporate debt securities 69,633 (1,360) 68,273 — (2,256) 66,017 Total (1) $ 2,261,867 $ (1,500) $ 2,260,367 $ 554 $ (51,162) $ 2,209,759 __________________________ |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | The following table presents the changes by major security type in our allowance for credit losses on securities held-to-maturity for the periods indicated: Allowance for Provision Allowance for Credit Losses, for Credit Losses, Beginning Credit End of Security Type of Period Losses Charge-offs Recoveries Period (In thousands) Three Months Ended June 30, 2022 Municipal securities $ — $ 140 $ — $ — $ 140 Corporate debt securities — 1,360 — — 1,360 Total $ — $ 1,500 $ — $ — $ 1,500 Six Months Ended June 30, 2022 Municipal securities $ — $ 140 $ — $ — $ 140 Corporate debt securities — 1,360 — — 1,360 Total $ — $ 1,500 $ — $ — $ 1,500 |
Debt Securities, Held-to-maturity, Credit Quality Indicator | The Company uses S&P, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its held-to-maturity securities. The following table presents our securities held-to-maturity portfolio by the lowest available credit rating as of the date indicated: June 30, 2022 Security Type AAA AA+ AA AA- A A- BBB NR Total (In thousands) Amortized Cost: Municipal securities $ 585,084 $ 363,461 $ 178,341 $ 89,655 $ 1,997 $ — $ — $ 23,126 $ 1,241,664 Agency commercial MBS — 424,274 — — — — — — 424,274 Private label commercial MBS 343,545 — — — — — — — 343,545 U.S. Treasury securities — 182,751 — — — — — — 182,751 Corporate debt securities — — — — — 23,196 20,985 25,452 69,633 Total $ 928,629 $ 970,486 $ 178,341 $ 89,655 $ 1,997 $ 23,196 $ 20,985 $ 48,578 $ 2,261,867 |
Investment income | The following table presents the composition of our interest income on investment securities, including available-for-sale and held-to-maturity, for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Taxable interest $ 44,467 $ 25,206 $ 89,109 $ 47,176 Non-taxable interest 8,180 8,493 16,699 16,571 Dividend income 255 255 516 472 Total interest income on investment securities $ 52,902 $ 33,954 $ 106,324 $ 64,219 |
Available-for-sale Investments Classified by Contractual Maturity Date | The following table presents the contractual maturities of our securities available-for-sale portfolio based on amortized cost and carrying value as of the date indicated: June 30, 2022 Due After Due After Due One Year Five Years Due Within Through Through After Security Type One Year Five Years Ten Years Ten Years Total (In thousands) Amortized Cost: Agency residential MBS $ 28 $ 6,756 $ 4,625 $ 2,887,075 $ 2,898,484 Agency commercial MBS 6,847 529,921 452,921 30,394 1,020,083 Agency residential CMOs — 1,487 206,723 636,298 844,508 Municipal securities 17,625 85,139 394,484 245,597 742,845 U.S. Treasury securities 4,996 — 766,023 — 771,019 Corporate debt securities — 22,500 365,966 — 388,466 Collateralized loan obligations — — 101,154 264,200 365,354 Private label residential CMOs — — — 248,155 248,155 Asset-backed securities — — 1,382 31,972 33,354 Private label commercial MBS 4,004 — — 30,407 34,411 SBA securities 1,855 6,007 — 16,460 24,322 Total $ 35,355 $ 651,810 $ 2,293,278 $ 4,390,558 $ 7,371,001 Fair Value: Agency residential MBS $ 29 $ 6,794 $ 4,692 $ 2,566,200 $ 2,577,715 Agency commercial MBS 6,847 517,077 422,320 29,977 976,221 Agency residential CMOs — 1,486 191,837 609,986 803,309 Municipal securities 17,639 84,751 355,007 243,208 700,605 U.S. Treasury securities 4,995 — 691,059 — 696,054 Corporate debt securities — 22,050 347,411 — 369,461 Collateralized loan obligations — — 98,461 253,829 352,290 Private label residential CMOs — — — 216,103 216,103 Asset-backed securities — — 1,386 31,261 32,647 Private label commercial MBS 3,890 — — 28,626 32,516 SBA securities 1,781 5,862 — 16,084 23,727 Total $ 35,181 $ 638,020 $ 2,112,173 $ 3,995,274 $ 6,780,648 |
Held-to-Maturity Investments Classified by Contractual Maturity Date | The following table presents the contractual maturities of our securities held-to-maturity portfolio based on amortized cost and carrying value as of the date indicated: June 30, 2022 Due After Due After Due One Year Five Years Due Within Through Through After Security Type One Year Five Years Ten Years Ten Years Total (In thousands) Amortized Cost: Municipal securities $ — $ — $ 286,105 $ 955,559 $ 1,241,664 Agency commercial MBS — — 400,499 23,775 424,274 Private label commercial MBS — — 35,780 307,765 343,545 U.S. Treasury securities — — 182,751 — 182,751 Corporate debt securities — — — 69,633 69,633 Total $ — $ — $ 905,135 $ 1,356,732 $ 2,261,867 Fair Value: Municipal securities $ — $ — $ 283,530 $ 921,786 $ 1,205,316 Agency commercial MBS — — 396,316 23,332 419,648 Private label commercial MBS — — 35,209 302,673 337,882 U.S. Treasury securities — — 180,896 — 180,896 Corporate debt securities — — — 66,017 66,017 Total $ — $ — $ 895,951 $ 1,313,808 $ 2,209,759 |
Loans and Leases (Tables)
Loans and Leases (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Receivables [Abstract] | |
Schedule of composition of loans portfolio | The following table summarizes the composition of our loans and leases held for investment as of the dates indicated: June 30, December 31, 2022 2021 (In thousands) Real estate mortgage $ 13,570,353 $ 11,189,278 Real estate construction and land (1) 4,059,965 3,491,340 Commercial 8,494,614 7,888,068 Consumer 483,609 457,622 Total gross loans and leases held for investment 26,608,541 23,026,308 Deferred fees, net (107,404) (84,760) Total loans and leases held for investment, net of deferred fees 26,501,137 22,941,548 Allowance for loan and lease losses (188,705) (200,564) Total loans and leases held for investment, net (2) $ 26,312,432 $ 22,740,984 ____________________ (1) Includes land and acquisition and development loans of $116.3 million and $151.8 million at June 30, 2022 and December 31, 2021. (2) Excludes accrued interest receivable of $88.9 million and $80.3 million at June 30, 2022 and December 31, 2021, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets. |
Delinquent loans in loan portfolio | The following tables present an aging analysis of our loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: June 30, 2022 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 13,345 $ 1,859 $ 15,204 $ 3,655,311 $ 3,670,515 Residential 14,425 22,447 36,872 9,842,259 9,879,131 Total real estate mortgage 27,770 24,306 52,076 13,497,570 13,549,646 Real estate construction and land: Commercial — — — 837,423 837,423 Residential 26,288 12,477 38,765 3,114,851 3,153,616 Total real estate construction and land 26,288 12,477 38,765 3,952,274 3,991,039 Commercial: Asset-based — 441 441 5,067,671 5,068,112 Venture capital — — — 2,179,190 2,179,190 Other commercial 10,812 638 11,450 1,218,054 1,229,504 Total commercial 10,812 1,079 11,891 8,464,915 8,476,806 Consumer 1,711 205 1,916 481,730 483,646 Total $ 66,581 $ 38,067 $ 104,648 $ 26,396,489 $ 26,501,137 December 31, 2021 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 5,307 $ 2,236 $ 7,543 $ 3,754,756 $ 3,762,299 Residential 40,505 9,666 50,171 7,366,250 7,416,421 Total real estate mortgage 45,812 11,902 57,714 11,121,006 11,178,720 Real estate construction and land: Commercial — — — 832,591 832,591 Residential 7,271 2,223 9,494 2,595,042 2,604,536 Total real estate construction and land 7,271 2,223 9,494 3,427,633 3,437,127 Commercial: Asset-based — 464 464 4,075,013 4,075,477 Venture capital — — — 2,320,593 2,320,593 Other commercial 955 3,601 4,556 1,467,425 1,471,981 Total commercial 955 4,065 5,020 7,863,031 7,868,051 Consumer 1,004 276 1,280 456,370 457,650 Total $ 55,042 $ 18,466 $ 73,508 $ 22,868,040 $ 22,941,548 |
Financing Receivable, Nonaccrual | The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: June 30, 2022 December 31, 2021 Nonaccrual Performing Total Nonaccrual Performing Total (In thousands) Real estate mortgage: Commercial $ 28,529 $ 3,641,986 $ 3,670,515 $ 27,540 $ 3,734,759 $ 3,762,299 Residential 27,524 9,851,607 9,879,131 12,292 7,404,129 7,416,421 Total real estate mortgage 56,053 13,493,593 13,549,646 39,832 11,138,888 11,178,720 Real estate construction and land: Commercial — 837,423 837,423 — 832,591 832,591 Residential 13,287 3,140,329 3,153,616 4,715 2,599,821 2,604,536 Total real estate construction and land 13,287 3,977,752 3,991,039 4,715 3,432,412 3,437,127 Commercial: Asset-based 1,189 5,066,923 5,068,112 1,464 4,074,013 4,075,477 Venture capital 3,120 2,176,070 2,179,190 2,799 2,317,794 2,320,593 Other commercial 4,655 1,224,849 1,229,504 11,950 1,460,031 1,471,981 Total commercial 8,964 8,467,842 8,476,806 16,213 7,851,838 7,868,051 Consumer 223 483,423 483,646 414 457,236 457,650 Total $ 78,527 $ 26,422,610 $ 26,501,137 $ 61,174 $ 22,880,374 $ 22,941,548 |
CV of loans held for investment by class by performing and nonperforming | The following tables present the credit risk rating categories for loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful. June 30, 2022 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 46,203 $ 157,476 $ 3,466,836 $ 3,670,515 Residential 32,443 19,248 9,827,440 9,879,131 Total real estate mortgage 78,646 176,724 13,294,276 13,549,646 Real estate construction and land: Commercial — 155,745 681,678 837,423 Residential 13,287 39,357 3,100,972 3,153,616 Total real estate construction and land 13,287 195,102 3,782,650 3,991,039 Commercial: Asset-based 1,189 54,131 5,012,792 5,068,112 Venture capital 3,116 37,831 2,138,243 2,179,190 Other commercial 7,727 11,081 1,210,696 1,229,504 Total commercial 12,032 103,043 8,361,731 8,476,806 Consumer 299 5,392 477,955 483,646 Total $ 104,264 $ 480,261 $ 25,916,612 $ 26,501,137 December 31, 2021 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 62,206 $ 191,809 $ 3,508,284 $ 3,762,299 Residential 17,700 19,848 7,378,873 7,416,421 Total real estate mortgage 79,906 211,657 10,887,157 11,178,720 Real estate construction and land: Commercial — 67,727 764,864 832,591 Residential 4,715 1,720 2,598,101 2,604,536 Total real estate construction and land 4,715 69,447 3,362,965 3,437,127 Commercial: Asset-based 4,591 78,305 3,992,581 4,075,477 Venture capital 4,794 14,833 2,300,966 2,320,593 Other commercial 21,659 15,528 1,434,794 1,471,981 Total commercial 31,044 108,666 7,728,341 7,868,051 Consumer 439 1,841 455,370 457,650 Total $ 116,104 $ 391,611 $ 22,433,833 $ 22,941,548 |
Finance Receivable Investment And Interest Income, Nonaccrual | The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated: Three Months Six Months Three Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, June 30, June 30, 2022 2022 2022 2021 2021 2021 Nonaccrual Interest Interest Nonaccrual Interest Interest Recorded Income Income Recorded Income Income Investment Recognized Recognized Investment Recognized Recognized (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 66 $ — $ — $ 74 $ — $ — Residential 6,941 — — 2,806 — — Real estate construction and land: Commercial — — — — — — Residential 1,646 — — 403 — — Commercial: Asset based 748 — — 1,484 — — Venture capital 3,120 — — 2,717 — — Other commercial 1,262 — — 1,472 — — Consumer 223 — — 360 — — With No Related Allowance Recorded: Real estate mortgage: Commercial $ 28,463 $ 14 $ 98 $ 31,991 $ 140 $ 430 Residential 20,583 — — 3,327 — — Real estate construction and land: Commercial — — — 284 — — Residential 11,641 — — 1,531 — — Commercial: Asset based 441 — — 489 — — Venture capital — — — — — — Other commercial 3,393 7 361 9,865 1,814 3,644 Consumer — — — — — — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 56,053 $ 14 $ 98 $ 38,198 $ 140 $ 430 Real estate construction and land 13,287 — — 2,218 — — Commercial 8,964 7 361 16,027 1,814 3,644 Consumer 223 — — 360 — — Total $ 78,527 $ 21 $ 459 $ 56,803 $ 1,954 $ 4,074 |
Finance Receivable, Loans By Origination Year | The following tables present our loans held for investment by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated: Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Real Estate Mortgage: Commercial Internal risk rating: 1-2 High pass $ — $ 3,156 $ 7,553 $ 7,041 $ 6,031 $ 40,194 $ 27,677 $ — $ 91,652 3-4 Pass 282,678 497,641 522,878 283,379 493,351 1,203,978 80,868 10,411 3,375,184 5 Special mention — — 3,278 73,578 50,678 29,942 — — 157,476 6-8 Classified — — 476 2,078 29,357 14,292 — — 46,203 Total $ 282,678 $ 500,797 $ 534,185 $ 366,076 $ 579,417 $ 1,288,406 $ 108,545 $ 10,411 $ 3,670,515 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ 1,488 $ 183 $ — $ — $ 1,671 Real Estate Mortgage: Residential Internal risk rating: 1-2 High pass $ — $ 99,724 $ 22,983 $ 57,363 $ 55,435 $ 44,419 $ 1,000 $ — $ 280,924 3-4 Pass 3,118,273 4,045,948 568,720 583,160 452,990 646,013 131,295 117 9,546,516 5 Special mention 1,828 4,279 151 12,990 — — — — 19,248 6-8 Classified 2,724 20,325 3,209 — 3,061 2,897 — 227 32,443 Total $ 3,122,825 $ 4,170,276 $ 595,063 $ 653,513 $ 511,486 $ 693,329 $ 132,295 $ 344 $ 9,879,131 Current YTD period: Gross charge-offs $ — $ 34 $ 1 $ — $ — $ — $ — $ — $ 35 Real Estate Construction and Land: Commercial Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 33,665 132,772 80,308 368,548 57,553 8,843 (11) — 681,678 5 Special mention — — — — 86,528 69,217 — — 155,745 6-8 Classified — — — — — — — — — Total $ 33,665 $ 132,772 $ 80,308 $ 368,548 $ 144,081 $ 78,060 $ (11) $ — $ 837,423 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Real Estate Construction and Land: Residential Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 505,330 962,146 845,779 621,951 165,271 820 (325) — 3,100,972 5 Special mention 16,070 3,421 19,866 — — — — — 39,357 6-8 Classified (365) 7,105 5,700 588 — 259 — — 13,287 Total $ 521,035 $ 972,672 $ 871,345 $ 622,539 $ 165,271 $ 1,079 $ (325) $ — $ 3,153,616 Current YTD period: Gross charge-offs $ — $ 7 $ — $ — $ — $ — $ — $ — $ 7 Commercial: Asset-Based Internal risk rating: 1-2 High pass $ 180,149 $ 166,488 $ 53,533 $ 189,543 $ 117,975 $ 231,190 $ 868,141 $ 17,039 $ 1,824,058 3-4 Pass 383,309 248,015 59,956 56,192 36,185 49,379 2,248,953 106,745 3,188,734 5 Special mention — — — 32,720 9,070 — 8,604 3,737 54,131 6-8 Classified — — — — — 441 — 748 1,189 Total $ 563,458 $ 414,503 $ 113,489 $ 278,455 $ 163,230 $ 281,010 $ 3,125,698 $ 128,269 $ 5,068,112 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial: Venture Capital Internal risk rating: 1-2 High pass $ 16,009 $ — $ 1,999 $ — $ — $ 8 $ 137,261 $ — $ 155,277 3-4 Pass 46,412 164,767 18,740 21,192 4,510 4,523 1,697,801 25,021 1,982,966 5 Special mention — 29,958 2,111 4,025 — — 1,737 — 37,831 6-8 Classified — 475 — — 1,284 — (4) 1,361 3,116 Total $ 62,421 $ 195,200 $ 22,850 $ 25,217 $ 5,794 $ 4,531 $ 1,836,795 $ 26,382 $ 2,179,190 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term June 30, 2022 2022 2021 2020 2019 2018 Prior Loans Loans Total (In thousands) Commercial: Other Commercial Internal risk rating: 1-2 High pass $ 494 $ 24,925 $ 8,799 $ 214 $ 9 $ 217 $ 21,052 $ — $ 55,710 3-4 Pass 43,910 292,506 65,676 47,213 52,217 93,869 547,544 12,051 1,154,986 5 Special mention — 830 202 503 1,508 7,863 77 98 11,081 6-8 Classified — 1,150 — 357 (3) 2,841 2,147 1,235 7,727 Total $ 44,404 $ 319,411 $ 74,677 $ 48,287 $ 53,731 $ 104,790 $ 570,820 $ 13,384 $ 1,229,504 Current YTD period: Gross charge-offs $ — $ 159 $ — $ — $ — $ 1,701 $ 1,818 $ 66 $ 3,744 Consumer Internal risk rating: 1-2 High pass $ — $ 34 $ 9 $ — $ 3 $ — $ 614 $ — $ 660 3-4 Pass 83,997 230,843 19,477 59,951 29,422 43,835 9,770 — 477,295 5 Special mention 890 2,401 183 1,433 87 305 93 — 5,392 6-8 Classified — 181 — — 24 75 1 18 299 Total $ 84,887 $ 233,459 $ 19,669 $ 61,384 $ 29,536 $ 44,215 $ 10,478 $ 18 $ 483,646 Current YTD period: Gross charge-offs $ — $ — $ 22 $ 338 $ — $ 216 $ — $ — $ 576 Total Loans and Leases Internal risk rating: 1-2 High pass $ 196,652 $ 294,327 $ 94,876 $ 254,161 $ 179,453 $ 316,028 $ 1,055,745 $ 17,039 $ 2,408,281 3-4 Pass 4,497,574 6,574,638 2,181,534 2,041,586 1,291,499 2,051,260 4,715,895 154,345 23,508,331 5 Special mention 18,788 40,889 25,791 125,249 147,871 107,327 10,511 3,835 480,261 6-8 Classified 2,359 29,236 9,385 3,023 33,723 20,805 2,144 3,589 104,264 Total $ 4,715,373 $ 6,939,090 $ 2,311,586 $ 2,424,019 $ 1,652,546 $ 2,495,420 $ 5,784,295 $ 178,808 $ 26,501,137 Current YTD period: Gross charge-offs $ — $ 200 $ 23 $ 338 $ 1,488 $ 2,100 $ 1,818 $ 66 $ 6,033 ______________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Real Estate Mortgage: Commercial Internal risk rating: 1-2 High pass $ 561 $ 9,148 $ 32,304 $ 8,289 $ 6,248 $ 33,493 $ 3 $ — $ 90,046 3-4 Pass 499,626 531,989 321,728 578,436 489,727 932,950 51,805 11,977 3,418,238 5 Special mention — 4,811 63,381 76,372 6,533 40,712 — — 191,809 6-8 Classified — 488 17,037 5,340 6,278 33,063 — — 62,206 Total $ 500,187 $ 546,436 $ 434,450 $ 668,437 $ 508,786 $ 1,040,218 $ 51,808 $ 11,977 $ 3,762,299 Current YTD period: Gross charge-offs $ — $ — $ 189 $ 168 $ 344 $ 264 $ — $ — $ 965 Gross recoveries — — — — (8) (6,073) — — (6,081) Net $ — $ — $ 189 $ 168 $ 336 $ (5,809) $ — $ — $ (5,116) Real Estate Mortgage: Residential Internal risk rating: 1-2 High pass $ 95,016 $ 29,339 $ 57,874 $ 47,688 $ 11,776 $ 16,703 $ 28,115 $ — $ 286,511 3-4 Pass 4,405,055 623,207 573,718 616,515 547,531 234,525 91,655 156 7,092,362 5 Special mention 2,871 3,810 13,007 — — — 160 — 19,848 6-8 Classified 5,161 5,217 — 3,323 304 3,424 — 271 17,700 Total $ 4,508,103 $ 661,573 $ 644,599 $ 667,526 $ 559,611 $ 254,652 $ 119,930 $ 427 $ 7,416,421 Current YTD period: Gross charge-offs $ 28 $ 80 $ — $ — $ — $ 55 $ — $ — $ 163 Gross recoveries (28) — — — — (357) — (301) (686) Net $ — $ 80 $ — $ — $ — $ (302) $ — $ (301) $ (523) Real Estate Construction and Land: Commercial Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 96,108 96,448 386,832 152,444 720 14,122 18,190 — 764,864 5 Special mention — — — — 67,727 — — — 67,727 6-8 Classified — — — — — — — — — Total $ 96,108 $ 96,448 $ 386,832 $ 152,444 $ 68,447 $ 14,122 $ 18,190 $ — $ 832,591 Current YTD period: Gross charge-offs $ — $ — $ — $ 775 $ — $ — $ — $ — $ 775 Gross recoveries — — — — — — — — — Net $ — $ — $ — $ 775 $ — $ — $ — $ — $ 775 Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Real Estate Construction and Land: Residential Internal risk rating: 1-2 High pass $ — $ — $ — $ — $ — $ — $ — $ — $ — 3-4 Pass 849,188 672,864 851,127 163,950 17,526 3,970 28,804 10,672 2,598,101 5 Special mention 276 1,185 — — 259 — — — 1,720 6-8 Classified 849 3,278 588 — — — — — 4,715 Total $ 850,313 $ 677,327 $ 851,715 $ 163,950 $ 17,785 $ 3,970 $ 28,804 $ 10,672 $ 2,604,536 Current YTD period: Gross charge-offs $ 7 $ — $ — $ — $ — $ — $ — $ — $ 7 Gross recoveries — — — — — — — — — Net $ 7 $ — $ — $ — $ — $ — $ — $ — $ 7 Commercial: Asset-Based Internal risk rating: 1-2 High pass $ 138,836 $ 72,725 $ 178,291 $ 123,947 $ 71,940 $ 188,411 $ 706,656 $ 50,495 $ 1,531,301 3-4 Pass 242,209 71,930 59,748 45,375 8,350 34,833 1,992,677 6,158 2,461,280 5 Special mention — — 48,796 13,138 — — 12,393 3,978 78,305 6-8 Classified — — — — — 464 4,027 100 4,591 Total $ 381,045 $ 144,655 $ 286,835 $ 182,460 $ 80,290 $ 223,708 $ 2,715,753 $ 60,731 $ 4,075,477 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 232 $ 232 Gross recoveries — — — — — (691) (28) — (719) Net $ — $ — $ — $ — $ — $ (691) $ (28) $ 232 $ (487) Commercial: Venture Capital Internal risk rating: 1-2 High pass $ — $ 1,999 $ — $ — $ (4) $ 14 $ 228,820 $ — $ 230,829 3-4 Pass 229,567 58,283 46,007 7,241 1,614 4,166 1,715,057 8,202 2,070,137 5 Special mention 8,980 2,778 499 — — 2,593 (17) — 14,833 6-8 Classified 500 — — 2,000 — — (6) 2,300 4,794 Total $ 239,047 $ 63,060 $ 46,506 $ 9,241 $ 1,610 $ 6,773 $ 1,943,854 $ 10,502 $ 2,320,593 Current YTD period: Gross charge-offs $ — $ — $ — $ — $ — $ 620 $ — $ — $ 620 Gross recoveries — — (127) (37) (158) (82) — — (404) Net $ — $ — $ (127) $ (37) $ (158) $ 538 $ — $ — $ 216 ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. Revolving Converted Amortized Cost Basis (1) Term Loans by Origination Year Revolving to Term December 31, 2021 2021 2020 2019 2018 2017 Prior Loans Loans Total (In thousands) Commercial: Other Commercial Internal risk rating: 1-2 High pass $ 134,825 $ 22,556 $ 261 $ 4 $ 246 $ (50) $ 18,206 $ 693 $ 176,741 3-4 Pass 286,281 73,328 77,487 67,591 46,939 89,408 607,197 9,822 1,258,053 5 Special mention — 291 1 2,088 115 11,911 1,061 61 15,528 6-8 Classified 53 1 395 (3) 223 4,212 15,731 1,047 21,659 Total $ 421,159 $ 96,176 $ 78,144 $ 69,680 $ 47,523 $ 105,481 $ 642,195 $ 11,623 $ 1,471,981 Current YTD period: Gross charge-offs $ 1,992 $ — $ 122 $ 47 $ 139 $ 797 $ 985 $ 2,364 $ 6,446 Gross recoveries — — (42) — (268) (4,076) (57) (145) (4,588) Net $ 1,992 $ — $ 80 $ 47 $ (129) $ (3,279) $ 928 $ 2,219 $ 1,858 Consumer Internal risk rating: 1-2 High pass $ 36 $ 11 $ — $ 5 $ 4 $ — $ 646 $ — $ 702 3-4 Pass 261,678 24,195 73,860 35,623 21,707 31,916 5,689 — 454,668 5 Special mention 797 363 496 — 50 135 — — 1,841 6-8 Classified — 22 123 111 21 143 — 19 439 Total $ 262,511 $ 24,591 $ 74,479 $ 35,739 $ 21,782 $ 32,194 $ 6,335 $ 19 $ 457,650 Current YTD period: Gross charge-offs $ — $ 185 $ 654 $ 156 $ 270 $ 188 $ — $ 54 $ 1,507 Gross recoveries — — — (27) (13) (79) (1) — (120) Net $ — $ 185 $ 654 $ 129 $ 257 $ 109 $ (1) $ 54 $ 1,387 Total Loans and Leases Internal risk rating: 1-2 High pass $ 369,274 $ 135,778 $ 268,730 $ 179,933 $ 90,210 $ 238,571 $ 982,446 $ 51,188 $ 2,316,130 3-4 Pass 6,869,712 2,152,244 2,390,507 1,667,175 1,134,114 1,345,890 4,511,074 46,987 20,117,703 5 Special mention 12,924 13,238 126,180 91,598 74,684 55,351 13,597 4,039 391,611 6-8 Classified 6,563 9,006 18,143 10,771 6,826 41,306 19,752 3,737 116,104 Total $ 7,258,473 $ 2,310,266 $ 2,803,560 $ 1,949,477 $ 1,305,834 $ 1,681,118 $ 5,526,869 $ 105,951 $ 22,941,548 Current YTD period: Gross charge-offs $ 2,027 $ 265 $ 965 $ 1,146 $ 753 $ 1,924 $ 985 $ 2,650 $ 10,715 Gross recoveries (28) — (169) (64) (447) (11,358) (86) (446) (12,598) Net $ 1,999 $ 265 $ 796 $ 1,082 $ 306 $ (9,434) $ 899 $ 2,204 $ (1,883) ____________________ (1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees. |
Troubled debt restructurings on financing receivables | The following table presents our troubled debt restructurings of loans held for investment by loan portfolio segment and class for the periods indicated: Three Months Ended June 30, 2022 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Outstanding Outstanding Number Outstanding Outstanding of Recorded Recorded of Recorded Recorded Troubled Debt Restructurings Loans Investment Investment Loans Investment Investment (Dollars in thousands) Real estate mortgage: Commercial — $ — $ — 1 $ — $ — Residential 1 208 208 — — — Real estate construction and land: Residential — — — 1 208 208 Commercial: Venture capital 4 3,330 3,330 1 2,408 2,408 Other commercial 6 57 57 25 16,358 16,358 Consumer 1 18 18 — — — Total 12 $ 3,613 $ 3,613 28 $ 18,974 $ 18,974 Six Months Ended June 30, 2022 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Outstanding Outstanding Number Outstanding Outstanding of Recorded Recorded of Recorded Recorded Troubled Debt Restructurings Loans Investment Investment Loans Investment Investment (Dollars in thousands) Real estate mortgage: Commercial 1 $ — $ — 2 $ 647 $ — Residential 2 512 207 2 266 266 Real estate construction and land: Residential — — — 1 208 208 Commercial: Asset-based — — — 1 503 503 Venture capital 5 3,330 3,330 3 4,502 2,529 Other commercial 19 1,131 1,131 35 48,608 30,634 Consumer 1 18 18 1 20 20 Total 28 $ 4,991 $ 4,686 45 $ 54,754 $ 34,160 |
Lease Income of Direct Financing Leases | The following table provides the components of leases receivable income for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Component of leases receivable income: Interest income on net investments in leases $ 2,491 $ 2,278 $ 4,879 $ 4,358 |
Assets and Liabilities, Lessor | The following table presents the components of leases receivable as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Net investment in direct financing leases: Lease payments receivable $ 213,628 $ 190,025 Unguaranteed residual assets 23,976 21,487 Deferred costs and other 1,822 1,373 Aggregate net investment in leases $ 239,426 $ 212,885 |
Sales-type and Direct Financing Leases, Lease Receivable, Maturity | The following table presents maturities of leases receivable as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 29,235 2023 59,343 2024 54,917 2025 37,721 2026 25,076 Thereafter 33,619 Total undiscounted cash flows 239,911 Less: Unearned income (26,283) Present value of lease payments $ 213,628 |
Finance Receivable, Allowance For Loan Losses | The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the periods indicated: Three Months Ended June 30, 2022 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 86,715 $ 44,161 $ 57,056 $ 9,466 $ 197,398 Charge-offs (1,538) (7) (911) (343) (2,799) Recoveries 1,305 — 2,790 11 4,106 Net (charge-offs) recoveries (233) (7) 1,879 (332) 1,307 Provision (1,195) (2,376) (4,904) (1,525) (10,000) Balance, end of period $ 85,287 $ 41,778 $ 54,031 $ 7,609 $ 188,705 Six Months Ended June 30, 2022 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 98,053 $ 45,079 $ 48,718 $ 8,714 $ 200,564 Charge-offs (1,706) (7) (3,744) (576) (6,033) Recoveries 1,468 149 4,525 32 6,174 Net (charge-offs) recoveries (238) 142 781 (544) 141 Provision (12,528) (3,443) 4,532 (561) (12,000) Balance, end of period $ 85,287 $ 41,778 $ 54,031 $ 7,609 $ 188,705 Ending Allowance by Evaluation Methodology: Individually evaluated $ 140 $ — $ 812 $ — $ 952 Collectively evaluated $ 85,147 $ 41,778 $ 53,219 $ 7,609 $ 187,753 Ending Loans and Leases by Evaluation Methodology: Individually evaluated $ 40,178 $ 27,121 $ 11,419 $ — $ 78,718 Collectively evaluated 13,509,468 3,963,918 8,465,387 483,646 26,422,419 Ending balance $ 13,549,646 $ 3,991,039 $ 8,476,806 $ 483,646 $ 26,501,137 Three Months Ended June 30, 2021 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 141,122 $ 66,775 $ 78,716 $ 5,832 $ 292,445 Charge-offs (266) (75) (277) (198) (816) Recoveries 4,882 — 1,029 60 5,971 Net (charge-offs) recoveries 4,616 (75) 752 (138) 5,155 Provision (38,725) (12,118) (21,771) 614 (72,000) Balance, end of period $ 107,013 $ 54,582 $ 57,697 $ 6,308 $ 225,600 Six Months Ended June 30, 2021 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and Lease Losses: Balance, beginning of period $ 138,342 $ 78,356 $ 126,403 $ 5,080 $ 348,181 Charge-offs (634) (775) (2,851) (544) (4,804) Recoveries 5,427 — 1,726 70 7,223 Net (charge-offs) recoveries 4,793 (775) (1,125) (474) 2,419 Provision (36,122) (22,999) (67,581) 1,702 (125,000) Balance, end of period $ 107,013 $ 54,582 $ 57,697 $ 6,308 $ 225,600 Ending Allowance by Evaluation Methodology: Individually evaluated $ 203 $ — $ 3,265 $ — $ 3,468 Collectively evaluated $ 106,810 $ 54,582 $ 54,432 $ 6,308 $ 222,132 Ending Loans and Leases by Evaluation Methodology: Individually evaluated $ 41,145 $ 3,254 $ 46,400 $ — $ 90,799 Collectively evaluated 8,371,875 3,502,330 7,175,844 365,409 19,415,458 Ending balance $ 8,413,020 $ 3,505,584 $ 7,222,244 $ 365,409 $ 19,506,257 |
Collateral-dependent Finance Receivable | The following table summarizes collateral-dependent loans held for investment by collateral type as of the following dates: June 30, 2022 December 31, 2021 Real Business Real Business Property Assets Total Property Assets Total (In thousands) Real estate mortgage $ 48,253 $ — $ 48,253 $ 30,817 $ — $ 30,817 Real estate construction and land 13,621 — 13,621 10,421 — 10,421 Commercial — 440 440 — 7,586 7,586 Total $ 61,874 $ 440 $ 62,314 $ 41,238 $ 7,586 $ 48,824 |
Allowance for credit losses on financing receivables | The following tables present a summary of the activity in the allowance for loan and lease losses and reserve for unfunded loan commitments for the periods indicated: Three Months Ended June 30, 2022 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 197,398 $ 75,071 $ 272,469 Charge-offs (2,799) — (2,799) Recoveries 4,106 — 4,106 Net recoveries 1,307 — 1,307 Provision (10,000) 20,000 10,000 Balance, end of period $ 188,705 $ 95,071 $ 283,776 Six Months Ended June 30, 2022 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 200,564 $ 73,071 $ 273,635 Charge-offs (6,033) — (6,033) Recoveries 6,174 — 6,174 Net recoveries 141 — 141 Provision (12,000) 22,000 10,000 Balance, end of period $ 188,705 $ 95,071 $ 283,776 Three Months Ended June 30, 2021 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 292,445 $ 90,571 $ 383,016 Charge-offs (816) — (816) Recoveries 5,971 — 5,971 Net recoveries 5,155 — 5,155 Provision (72,000) (16,000) (88,000) Balance, end of period $ 225,600 $ 74,571 $ 300,171 Six Months Ended June 30, 2021 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of period $ 348,181 $ 85,571 $ 433,752 Charge-offs (4,804) — (4,804) Recoveries 7,223 — 7,223 Net recoveries 2,419 — 2,419 Provision (125,000) (11,000) (136,000) Balance, end of period $ 225,600 $ 74,571 $ 300,171 |
Foreclosed Assets (Tables)
Foreclosed Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract] | |
Other real estate and foreclosed assets | The following table summarizes foreclosed assets, net of the valuation allowance, as of the dates indicated: June 30, December 31, Property Type 2022 2021 (In thousands) Commercial real estate $ — $ 12,594 Multi‑family — — Total other real estate owned, net — 12,594 Other foreclosed assets — 249 Total foreclosed assets, net $ — $ 12,843 |
Other foreclosed assets rollforward | The following table presents the changes in foreclosed assets, net of the valuation allowance, for the period indicated: Foreclosed Assets, Net (In thousands) Balance, December 31, 2021 $ 12,843 Transfers to foreclosed assets from loans 304 Reductions related to sales (13,147) Balance, June 30, 2022 $ — |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible assets disclosure | The following table presents the changes in CDI and CRI and the related accumulated amortization for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Gross Amount of CDI and CRI: Balance, beginning of period $ 133,850 $ 100,550 $ 133,850 $ 109,646 Addition from Civic acquisition — — — 750 Fully amortized portion — — — (9,846) Balance, end of period 133,850 100,550 133,850 100,550 Accumulated Amortization: Balance, beginning of period (92,542) (79,238) (88,893) (86,005) Amortization expense (3,649) (2,889) (7,298) (5,968) Fully amortized portion — — — 9,846 Balance, end of period (96,191) (82,127) (96,191) (82,127) Net CDI and CRI, end of period $ 37,659 $ 18,423 $ 37,659 $ 18,423 |
Other Assets (Tables)
Other Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Other Assets [Abstract] | |
Schedule of Other Assets | The following table presents the detail of our other assets as of the dates indicated: June 30, December 31, Other Assets 2022 2021 (In thousands) LIHTC investments $ 300,448 $ 297,746 Deferred tax asset, net (1) 254,090 — Cash surrender value of BOLI 205,498 203,836 Interest receivable 128,960 120,329 Operating lease ROU assets, net (2) 128,601 123,225 Equity investments without readily determinable fair values 63,268 62,975 SBIC investments 57,337 46,861 Prepaid expenses 26,816 27,632 Taxes receivable 39,635 36,011 Equity investments with readily determinable fair values 57 28,578 Equity warrants (3) 4,001 3,555 Other receivables/assets 146,740 133,244 Total other assets $ 1,355,451 $ 1,083,992 ____________________ (1) At December 31, 2021, this was a net deferred tax liability of $19.6 million. The change to a deferred tax asset in 2022 was primarily attributable to the increase in unrealized losses on the Company's investment securities portfolio. (2) See Note 8. Leases for further details regarding the operating lease ROU assets. (3) See Note 10. Derivatives for information regarding equity warrants. |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Leases [Abstract] | |
Schedule of Occupancy Expense and Supplemental Cash Flow Information Related to Operating Leases | Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (In thousands) Operating lease expense: Fixed costs $ 9,042 $ 8,776 $ 17,521 $ 17,272 Variable costs 36 9 59 24 Short-term lease costs 379 429 743 685 Sublease income (1,077) (1,084) (2,153) (2,183) Net lease expense $ 8,380 $ 8,130 $ 16,170 $ 15,798 |
Schedule of Cash Flow, Supplemental Disclosures | The following table presents supplemental cash flow information related to leases for the periods indicated: Six Months Ended June 30, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 17,574 $ 18,450 ROU assets obtained in exchange for lease obligations: Operating leases $ 23,804 $ 16,649 |
Schedule of Supplemental Balance Sheet Information Related to Operating Leases | The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated: June 30, December 31, 2022 2021 (Dollars in thousands) Operating leases: Operating lease right-of-use assets, net $ 128,601 $ 123,225 Operating lease liabilities $ 149,905 $ 142,117 Weighted average remaining lease term (in years) 5.9 5.6 Weighted average discount rate 2.28 % 2.23 % |
Schedule of Maturities of Operating Leases | The following table presents the maturities of operating lease liabilities as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 18,808 2023 35,920 2024 28,731 2025 21,902 2026 16,817 Thereafter 38,902 Total operating lease liabilities 161,080 Less: Imputed interest (11,175) Present value of operating lease liabilities $ 149,905 |
Schedule of Payments to be Received on Operating Leases | The following table presents the rental payments to be received on operating leases as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 22,902 2023 40,722 2024 36,156 2025 27,659 2026 21,901 Thereafter 44,456 Total undiscounted cash flows $ 193,796 |
Borrowings and Subordinated D_2
Borrowings and Subordinated Debentures (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of debt | The following table summarizes our borrowings as of the dates indicated: June 30, 2022 December 31, 2021 Weighted Weighted Average Average Balance Rate Balance Rate (Dollars in thousands) FHLB secured advances $ 1,230,000 1.57 % $ — — % FHLB unsecured overnight advance 112,000 1.61 % — — % AFX short-term borrowings 250,000 1.70 % — — % Total borrowings $ 1,592,000 1.59 % $ — — % |
Schedule of Subordinated Borrowing | The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated: June 30, 2022 December 31, 2021 Date Maturity Rate Index Series Balance Rate (1) Balance Rate (1) Issued Date (Quarterly Reset) (6) (Dollars in thousands) Subordinated notes, net (2) $ 394,882 3.25 % $ 394,634 3.25 % 4/30/2021 5/1/2031 Fixed rate (3) Trust V 10,310 5.13 % 10,310 3.32 % 8/15/2003 9/17/2033 3-month LIBOR + 3.10 Trust VI 10,310 4.88 % 10,310 3.25 % 9/3/2003 9/15/2033 3-month LIBOR + 3.05 Trust CII 5,155 4.98 % 5,155 3.17 % 9/17/2003 9/17/2033 3-month LIBOR + 2.95 Trust VII 61,856 4.04 % 61,856 2.88 % 2/5/2004 4/23/2034 3-month LIBOR + 2.75 Trust CIII 20,619 3.52 % 20,619 1.89 % 8/15/2005 9/15/2035 3-month LIBOR + 1.69 Trust FCCI 16,495 3.43 % 16,495 1.80 % 1/25/2007 3/15/2037 3-month LIBOR + 1.60 Trust FCBI 10,310 3.38 % 10,310 1.75 % 9/30/2005 12/15/2035 3-month LIBOR + 1.55 Trust CS 2005-1 82,475 3.78 % 82,475 2.15 % 11/21/2005 12/15/2035 3-month LIBOR + 1.95 Trust CS 2005-2 128,866 3.24 % 128,866 2.08 % 12/14/2005 1/30/2036 3-month LIBOR + 1.95 Trust CS 2006-1 51,545 3.24 % 51,545 2.08 % 2/22/2006 4/30/2036 3-month LIBOR + 1.95 Trust CS 2006-2 51,550 3.24 % 51,550 2.08 % 9/27/2006 10/30/2036 3-month LIBOR + 1.95 Trust CS 2006-3 (4) 27,022 1.61 % 29,306 1.49 % 9/29/2006 10/30/2036 3-month EURIBOR + 2.05 Trust CS 2006-4 16,470 3.24 % 16,470 2.08 % 12/5/2006 1/30/2037 3-month LIBOR + 1.95 Trust CS 2006-5 6,650 3.24 % 6,650 2.08 % 12/19/2006 1/30/2037 3-month LIBOR + 1.95 Trust CS 2007-2 39,177 3.24 % 39,177 2.08 % 6/13/2007 7/30/2037 3-month LIBOR + 1.95 Total subordinated debt 933,692 3.36 % 935,728 2.64 % Acquisition discount (5) (69,936) (72,445) Net subordinated debt $ 863,756 $ 863,283 ___________________ (1) Rates do not include the effects of discounts and issuance costs. (2) Net of unamortized issuance costs of $5.1 million. (3) Interest rate is fixed until May 1, 2026, when it changes to a floating rate and resets quarterly at a benchmark rate plus 252 basis points. (4) Denomination is in Euros with a value of €25.8 million. (5) Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions. (6) Interest rate will default to the last published or determined rate of LIBOR, and for Trust CS 2006-4, the Base Rate, defined as the greater of Prime and the federal funds rate, upon cessation of LIBOR and effectively converting these instruments to fixed rate, if not modified prior to June 30, 2023. |
Derivatives (Tables)
Derivatives (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Derivatives [Abstract] | |
Schedule of Derivative Instruments | The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the condensed consolidated balance sheets as of the dates indicated: June 30, 2022 December 31, 2021 Notional Fair Notional Fair Derivatives Not Designated As Hedging Instruments Amount Value Amount Value (In thousands) Derivative Assets: Interest rate contracts $ 86,533 $ 4,198 $ 87,470 $ 992 Foreign exchange contracts 28,463 631 28,463 1,517 Interest rate and economic contracts 114,996 4,829 115,933 2,509 Equity warrant assets 18,612 4,001 18,539 3,555 Total $ 133,608 $ 8,830 $ 134,472 $ 6,064 Derivative Liabilities: Interest rate contracts $ 86,533 $ 4,008 $ 87,470 $ 931 Foreign exchange contracts 28,463 — 28,463 — Total $ 114,996 $ 4,008 $ 115,933 $ 931 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments disclosure | The following table presents a summary of commitments described below as of the dates indicated: June 30, December 31, 2022 2021 (In thousands) Loan commitments to extend credit $ 11,866,437 $ 9,006,350 Standby letters of credit 328,143 345,769 Total $ 12,194,580 $ 9,352,119 |
Other Commitments | The following table presents the years in which commitments are expected to be paid for our commitments to contribute capital to SBICs and CRA-related loan pools as of the date indicated: June 30, 2022 (In thousands) Period ending December 31, 2022 $ 35,761 2023 39,084 2024 5,558 Total $ 80,403 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair value, assets measured on recurring basis | The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated: Fair Value Measurements as of June 30, 2022 Measured on a Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Securities available-for-sale: Agency residential MBS $ 2,577,715 $ — $ 2,577,715 $ — Agency commercial MBS 976,221 — 976,221 — Agency residential CMOs 803,309 — 803,309 — Municipal securities 700,605 — 700,605 — U.S. Treasury securities 696,054 696,054 — — Corporate debt securities 369,461 — 369,461 — Collateralized loan obligations 352,290 — 352,290 — Private label residential CMOs 216,103 — 216,103 — Asset-backed securities 32,647 — 32,647 — Private label commercial MBS 32,516 — 32,516 — SBA securities 23,727 — 23,727 — Total securities available-for-sale $ 6,780,648 $ 696,054 $ 6,084,594 $ — Equity investments with readily determinable fair values $ 57 $ 57 $ — $ — Derivatives (1) : Equity warrants 4,001 — — 4,001 Interest rate and economic contracts 4,829 — 4,829 — Derivative liabilities 4,008 — 4,008 — Fair Value Measurements as of December 31, 2021 Measured on a Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Securities available-for-sale: Agency residential MBS $ 2,898,210 $ — $ 2,898,210 $ — Municipal securities 2,315,968 — 2,315,968 — Agency commercial MBS 1,688,967 — 1,688,967 — Agency residential CMOs 1,038,134 — 1,038,134 — U.S. Treasury securities 966,898 966,898 — — Corporate debt securities 527,094 — 527,094 — Private label commercial MBS 450,217 — 435,216 15,001 Collateralized loan obligations 385,362 — 385,362 — Private label residential CMOs 264,417 — 264,417 — Asset-backed securities 129,547 — 129,547 — SBA securities 29,644 — 29,644 — Total securities available-for-sale $ 10,694,458 $ 966,898 $ 9,712,559 $ 15,001 Equity investments with readily determinable fair values $ 28,578 $ 28,578 $ — $ — Derivatives (1) : Equity warrants 3,555 — — 3,555 Interest rate and economic contracts 2,509 — 2,509 — Derivative liabilities 931 — 931 — |
Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques | |
Fair value inputs, assets, quantitative information | The following table presents information about quantitative inputs and assumptions used in the modified Black-Scholes option pricing model to determine the fair value for our Level 3 equity warrants measured at fair value on a recurring basis as of the date indicated: June 30, 2022 Equity Warrants Weighted Range Average Unobservable Inputs of Inputs Input (1) Volatility 25.2% - 141.3% 28.9% Risk-free interest rate 1.3% - 3.0% 2.9% Remaining life assumption (in years) 0.08 - 4.98 3.09 ____________________ (1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments. The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated: June 30, 2022 Valuation Unobservable Input or Weighted Asset Fair Value Technique Inputs Range Average (Dollars in thousands) Individually evaluated loans and leases $ 7,103 Discounted cash flows Discount rates 5.50% - 9.25% 7.11% Individually evaluated loans and leases 2,638 Third party appraisals No discounts Total non-recurring Level 3 $ 9,741 |
Fair value, assets measured on recurring basis, significant unobservable inputs (level 3) reconciliation | The following table summarizes activity for our Level 3 private label commercial MBS available-for-sale and equity warrants measured at fair value on a recurring basis for the period indicated: Private Label Equity Commercial MBS Warrants (In thousands) Balance, December 31, 2021 $ 15,001 $ 3,555 Total included in earnings (8) 2,244 Total included in other comprehensive income (loss) (156) — Issuances — 392 Transfer to Level 2 (4,552) — Net settlements (10,285) — Exercises and settlements — (2,181) Transfers to Level 1 (equity investments with readily determinable fair values) — (9) Balance, June 30, 2022 $ — $ 4,001 Unrealized net gains (losses) for the period included in other comprehensive income for securities held at quarter-end $ — |
Assets carried at fair value on a nonrecurring basis | The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated: Fair Value Measurement as of June 30, 2022 Measured on a Non-Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Individually evaluated loans and leases $ 23,501 $ — $ 13,760 $ 9,741 Total non-recurring $ 23,501 $ — $ 13,760 $ 9,741 Fair Value Measurement as of December 31, 2021 Measured on a Non-Recurring Basis Total Level 1 Level 2 Level 3 (In thousands) Individually evaluated loans and leases $ 30,882 $ — $ 2,915 $ 27,967 Total non-recurring $ 30,882 $ — $ 2,915 $ 27,967 |
Net losses (gains) on nonrecurring assets | The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated: Three Months Ended Six Months Ended Losses on Assets June 30, June 30, Measured on a Non-Recurring Basis 2022 2021 2022 2021 (In thousands) Individually evaluated loans and leases $ 1,569 $ 1,951 $ 1,584 $ 2,653 OREO — — — 14 Total losses $ 1,569 $ 1,951 $ 1,584 $ 2,667 |
Fair value, by balance sheet grouping | The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated: June 30, 2022 Carrying Estimated Fair Value Amount Total Level 1 Level 2 Level 3 ( In thousands ) Financial Assets: Cash and due from banks $ 197,027 $ 197,027 $ 197,027 $ — $ — Interest-earning deposits in financial institutions 2,192,877 2,192,877 2,192,877 — — Securities available-for-sale 6,780,648 6,780,648 696,054 6,084,594 — Securities held-to-maturity 2,260,367 2,209,759 180,896 2,028,863 — Investment in FHLB stock 33,210 33,210 — 33,210 — Loans and leases held for investment, net 26,312,432 24,639,943 — 13,760 24,626,183 Equity investments with readily determinable fair values 57 57 57 — — Equity warrants 4,001 4,001 — — 4,001 Interest rate and economic contracts 4,829 4,829 — 4,829 — Servicing rights 839 839 — — 839 Financial Liabilities: Core deposits 29,218,646 29,218,646 — 29,218,646 — Non-core non-maturity deposits 2,185,248 2,185,248 — 2,185,248 — Time deposits 2,564,258 2,542,229 — 2,542,229 — Borrowings 1,592,000 1,591,920 1,392,000 199,920 — Subordinated debt 863,756 880,648 — 880,648 — Derivative liabilities 4,008 4,008 — 4,008 — December 31, 2021 Carrying Estimated Fair Value Amount Total Level 1 Level 2 Level 3 ( In thousands ) Financial Assets: Cash and due from banks $ 112,548 $ 112,548 $ 112,548 $ — $ — Interest-earning deposits in financial institutions 3,944,686 3,944,686 3,944,686 — — Securities available-for-sale 10,694,458 10,694,458 966,898 9,712,559 15,001 Investment in FHLB stock 17,250 17,250 — 17,250 — Loans and leases held for investment, net 22,740,984 23,461,156 — 2,915 23,458,241 Equity investments with readily determinable fair values 28,578 28,578 28,578 — — Equity warrants 3,555 3,555 — — 3,555 Interest rate and economic contracts 2,509 2,509 — 2,509 — Servicing rights 1,228 1,228 — — 1,228 Financial Liabilities: Core deposits 32,734,949 32,734,949 — 32,734,949 — Non-core non-maturity deposits 889,976 889,976 — 889,976 — Time deposits 1,372,832 1,371,527 — 1,371,527 — Borrowings — — — — — Subordinated debt 863,283 917,342 — 917,342 — Derivative liabilities 931 931 — 931 — |
Earnings (Loss) Per Share (Tabl
Earnings (Loss) Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Earnings Per Share [Abstract] | |
Net income per share | The following table presents the computations of basic and diluted net earnings per common share for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Dollars in thousands, except per share data) Basic Earnings Per Common Share: Net earnings $ 122,360 $ 180,512 $ 242,488 $ 330,918 Less: Earnings allocated to unvested restricted stock (1) (2,351) (3,172) (4,389) (5,495) Net earnings allocated to common shares $ 120,009 $ 177,340 $ 238,099 $ 325,423 Weighted-average basic shares and unvested restricted stock outstanding 120,022 119,386 119,810 119,121 Less: Weighted-average unvested restricted stock outstanding (2,460) (2,356) (2,354) (2,181) Weighted-average basic shares outstanding 117,562 117,030 117,456 116,940 Basic earnings per common share $ 1.02 $ 1.52 $ 2.03 $ 2.78 Diluted Earnings Per Common Share: Net earnings allocated to common shares $ 120,009 $ 177,340 $ 238,099 $ 325,423 Weighted-average diluted shares outstanding 117,562 117,030 117,456 116,940 Diluted earnings per common share $ 1.02 $ 1.52 $ 2.03 $ 2.78 ________________________ (1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Revenue From Contracts With C_2
Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Revenue From Contracts With Customers [Abstract] | |
Revenue From Contracts With Customers | As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606. Three Months Ended June 30, 2022 2021 Total Revenue from Total Revenue from Recorded Contracts with Recorded Contracts with Revenue Customers Revenue Customers (In thousands) Total interest income $ 350,518 $ — $ 280,505 $ — Noninterest income: Service charges on deposit accounts 3,634 3,634 3,452 3,452 Other commissions and fees 10,813 4,001 10,704 2,603 Leased equipment income 12,335 — 10,847 — Gain on sale of loans 12 — 1,422 — Loss on sale of securities (1,209) — — — Dividends and gains on equity securities 4,097 — 5,394 — Warrant income 1,615 — 5,650 — Other income 3,049 65 2,902 394 Total noninterest income 34,346 7,700 40,371 6,449 Total revenue $ 384,864 $ 7,700 $ 320,876 $ 6,449 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated: Three Months Ended June 30, 2022 2021 (In thousands) Products and services transferred at a point in time $ 3,771 $ 3,068 Products and services transferred over time 3,929 3,381 Total revenue from contracts with customers $ 7,700 $ 6,449 Six Months Ended June 30, 2022 2021 Total Revenue from Total Revenue from Recorded Contracts with Recorded Contracts with Revenue Customers Revenue Customers (In thousands) Total interest income $ 673,422 $ — $ 553,842 $ — Noninterest income: Service charges on deposit accounts 7,205 7,205 6,386 6,386 Other commissions and fees 22,393 7,774 19,862 5,460 Leased equipment income 25,429 — 22,201 — Gain on sale of loans 72 — 1,561 — (Loss) gain on sale of securities (1,105) — 101 — Dividends and (losses) gains on equity securities (7,278) — 16,298 — Warrant income 2,244 — 11,773 — Other income 6,204 63 7,018 574 Total noninterest income 55,164 15,042 85,200 12,420 Total revenue $ 728,586 $ 15,042 $ 639,042 $ 12,420 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated: Six Months Ended June 30, 2022 2021 (In thousands) Products and services transferred at a point in time $ 7,697 $ 6,065 Products and services transferred over time 7,345 6,355 Total revenue from contracts with customers $ 15,042 $ 12,420 |
Contract with Customer, Asset and Liability | The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Receivables, which are included in "Other assets" $ 1,406 $ 1,066 Contract liabilities, which are included in "Accrued interest payable and other liabilities" $ 163 $ 229 |
Recently Issued Accounting St_2
Recently Issued Accounting Standards (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Recently Issued Accounting Standards [Abstract] | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2020-04, " Reference Rate Reform (Topic 848) " and ASU 2021-01, “ Reference Rate Reform (Topic 848): Scope) " This standard provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other agreements affected by the anticipated transition away from LIBOR toward new interest reference rates. For agreements that are modified because of reference rate reform and that meet certain scope guidance: (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered “minor” so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. Additionally, the amendments in ASU 2021-01 clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Specifically, certain provisions in Topic 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. ASU 2020-04 is effective immediately, as of March 12, 2020, and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. ASU 2021-01 is also effective immediately. Entities may elect to apply the amendments on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to January 7, 2021 and up to December 31, 2022. Effective upon the issuance date of March 12, 2020, and once adopted, will apply to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company has established a cross-functional project team and implementation plan to facilitate the LIBOR transition. As of December 31, 2021, the Company permanently ceased originating any new loans or entering into any transaction that would increase its LIBOR-based exposure. For all new variable-rate and hybrid loans, the Company primarily offers Prime and SOFR as the variable-rate index, but may consider alternate rates such as the American Interbank Offered Rate (“Ameribor”) and others based on market conditions and/or the type of loan or financial instrument. The Company has completed its readiness efforts to identify loans and other financial instruments that are impacted by the discontinuance of LIBOR. The Company has also completed its review for fallback language contained in contracts for LIBOR-based loans and other financial instruments and has begun to execute a transition plan to amend those legacy contracts maturing after June 30, 2023 that do not have or have inadequate fallback language by adding fallback language or to convert the base rate of the contract to a SOFR-based rate or another rate or index offered by the Company. The Company will also continue to assess impacts to its operations, financial models, data and technology as part of our transition plan. The Company is currently evaluating the impact of this Update on its consolidated financial statements but does not expect it to have a material impact. Effective Effect on the Financial Statements Standard Description Date or Other Significant Matters ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers This standard requires that an entity (acquirer) recognizes and measures contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At acquisition date, an acquirer should account for the related revenue contracts with customers in accordance with Topic 606 as if it had originated the contracts. The acquirer should consider the terms of the acquired contracts, such as timing of payment, identify each performance obligation in the contracts and allocate the total transaction price to each identified performance obligation on a relative standalone selling price basis as of contract inception or contract modification to determine what should be recorded at the acquisition date. The amendments improve comparability by providing consistent recognition and measurement guidance for revenue contracts with customers whether they are acquired and not acquired in a business combination. The amendments should be applied prospectively to business combinations occurring on or after the effective date. Additionally, early adoption is permitted. January 1, 2023 The Company will apply the amendments prospectively to business combinations occurring on or after the effective date. This standard is not expected to have a material impact on the Company’s consolidated financial statements. |
Organization - Narrative (Detai
Organization - Narrative (Details) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 USD ($) bank_branch | Jun. 30, 2021 USD ($) | |
Business Acquisition [Line Items] | ||
Transfer of securities available-for-sale to held-to-maturity | $ | $ 2,260,407 | $ 0 |
CALIFORNIA | ||
Business Acquisition [Line Items] | ||
Retail branch locations | 69 | |
NORTH CAROLINA | ||
Business Acquisition [Line Items] | ||
Retail branch locations | 1 | |
COLORADO | ||
Business Acquisition [Line Items] | ||
Retail branch locations | 1 |
Restricted Cash Balances - Narr
Restricted Cash Balances - Narrative (Details) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Restricted Cash [Abstract] | ||
Restricted Cash and Cash Equivalents | $ 0 | $ 0 |
Pledged Cash for Derivative Contracts | $ 2 | $ 2 |
Investment Securities - Securit
Investment Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | $ 5,157 | $ 163,035 |
Gross Unrealized Losses | 595,510 | 72,095 |
Fair Value | 6,780,648 | 10,694,458 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 7,371,001 | 10,603,518 |
Agency residential MBS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 901 | 8,866 |
Gross Unrealized Losses | 321,670 | 32,649 |
Fair Value | 2,577,715 | 2,898,210 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 2,898,484 | 2,921,993 |
Agency commercial MBS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 849 | 37,664 |
Gross Unrealized Losses | 44,711 | 9,213 |
Fair Value | 976,221 | 1,688,967 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 1,020,083 | 1,660,516 |
Agency residential CMOs | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 109 | 22,288 |
Gross Unrealized Losses | 41,308 | 5,870 |
Fair Value | 803,309 | 1,038,134 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 844,508 | 1,021,716 |
Municipal securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 3,219 | 75,192 |
Gross Unrealized Losses | 45,459 | 7,973 |
Fair Value | 700,605 | 2,315,968 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 742,845 | 2,248,749 |
U.S. Treasury securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 0 | 1,641 |
Gross Unrealized Losses | 74,965 | 8,298 |
Fair Value | 696,054 | 966,898 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 771,019 | 973,555 |
Corporate debt securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 75 | 13,774 |
Gross Unrealized Losses | 19,080 | 757 |
Fair Value | 369,461 | 527,094 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 388,466 | 514,077 |
Collateralized loan obligations | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 0 | 396 |
Gross Unrealized Losses | 13,064 | 444 |
Fair Value | 352,290 | 385,362 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 365,354 | 385,410 |
Private label residential CMOs | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 0 | 1,857 |
Gross Unrealized Losses | 32,052 | 3,291 |
Fair Value | 216,103 | 264,417 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 248,155 | 265,851 |
Asset-backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 4 | 484 |
Gross Unrealized Losses | 711 | 324 |
Fair Value | 32,647 | 129,547 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 33,354 | 129,387 |
Private label commercial MBS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 0 | 147 |
Gross Unrealized Losses | 1,895 | 3,244 |
Fair Value | 32,516 | 450,217 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 34,411 | 453,314 |
SBA securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Gross Unrealized Gains | 0 | 726 |
Gross Unrealized Losses | 595 | 32 |
Fair Value | 23,727 | 29,644 |
Debt Securities, Available-for-sale, Amortized Cost, Total | $ 24,322 | $ 28,950 |
Investment Securities - Realize
Investment Securities - Realized Gains and Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Amortized cost of securities sold | $ 393,432 | $ 0 | $ 599,520 | $ 44,551 |
Gross realized gains | 1,544 | 0 | 2,734 | 101 |
Gross realized losses | (2,753) | 0 | (3,839) | 0 |
Net realized (losses) gains | $ (1,209) | $ 0 | $ (1,105) | $ 101 |
Investment Securities - Unreali
Investment Securities - Unrealized Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 5,870,242 | $ 5,102,495 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 541,052 | 63,559 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 486,109 | 322,496 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 54,458 | 8,536 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 6,356,351 | 5,424,991 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 595,510 | 72,095 |
Agency residential MBS | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 2,232,774 | 2,502,536 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 288,563 | 31,670 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 262,847 | 57,329 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 33,107 | 979 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 2,495,621 | 2,559,865 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 321,670 | 32,649 |
Agency commercial MBS | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 851,935 | 440,938 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 39,376 | 5,066 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 41,199 | 106,745 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 5,335 | 4,147 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 893,134 | 547,683 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 44,711 | 9,213 |
Agency residential CMOs | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 707,516 | 216,445 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 29,892 | 3,757 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 88,546 | 67,340 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 11,416 | 2,113 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 796,062 | 283,785 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 41,308 | 5,870 |
Municipal securities | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 463,945 | 505,080 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 45,459 | 6,965 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 29,726 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 1,008 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 463,945 | 534,806 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 45,459 | 7,973 |
U.S. Treasury securities | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 696,054 | 628,767 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 74,965 | 8,298 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 696,054 | 628,767 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 74,965 | 8,298 |
Corporate debt securities | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 355,637 | 32,761 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 19,080 | 757 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 355,637 | 32,761 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 19,080 | 757 |
Collateralized loan obligations | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 269,865 | 137,619 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 9,256 | 374 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 82,425 | 43,730 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 3,808 | 70 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 352,290 | 181,349 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 13,064 | 444 |
Private label residential CMOs | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 216,103 | 201,988 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 32,052 | 3,291 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 216,103 | 201,988 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 32,052 | 3,291 |
Asset-backed securities | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 31,261 | 38,742 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 711 | 137 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 15,762 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 187 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 31,261 | 54,504 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 711 | 324 |
Private label commercial MBS | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 23,206 | 397,619 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,177 | 3,244 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 9,311 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 718 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 32,517 | 397,619 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 1,895 | 3,244 |
SBA securities | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 21,946 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 521 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,781 | 1,864 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 74 | 32 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | 23,727 | 1,864 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | $ 595 | $ 32 |
Investment Securities - Contrac
Investment Securities - Contractual Maturities of Securities Available-for-Sale (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | $ 35,355 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 651,810 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 2,293,278 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 4,390,558 |
Total | 7,371,001 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 35,181 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 638,020 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 2,112,173 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (3,995,274) |
Total | 6,780,648 |
Agency residential MBS | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 28 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 6,756 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 4,625 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 2,887,075 |
Total | 2,898,484 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 29 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 6,794 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 4,692 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (2,566,200) |
Total | 2,577,715 |
Agency commercial MBS | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 6,847 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 529,921 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 452,921 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 30,394 |
Total | 1,020,083 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 6,847 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 517,077 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 422,320 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (29,977) |
Total | 976,221 |
Agency residential CMOs | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 1,487 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 206,723 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 636,298 |
Total | 844,508 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 1,486 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 191,837 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (609,986) |
Total | 803,309 |
Municipal securities | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 17,625 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 85,139 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 394,484 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 245,597 |
Total | 742,845 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 17,639 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 84,751 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 355,007 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (243,208) |
Total | 700,605 |
U.S. Treasury securities | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 4,996 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 766,023 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 0 |
Total | 771,019 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 4,995 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 691,059 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | 0 |
Total | 696,054 |
Corporate debt securities | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 22,500 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 365,966 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 0 |
Total | 388,466 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 22,050 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 347,411 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | 0 |
Total | 369,461 |
Collateralized loan obligations | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 101,154 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 264,200 |
Total | 365,354 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 98,461 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (253,829) |
Total | 352,290 |
Private label residential CMOs | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 248,155 |
Total | 248,155 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (216,103) |
Total | 216,103 |
Asset-backed securities | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 1,382 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 31,972 |
Total | 33,354 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 1,386 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (31,261) |
Total | 32,647 |
Private label commercial MBS | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 4,004 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 30,407 |
Total | 34,411 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 3,890 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (28,626) |
Total | 32,516 |
SBA securities | |
Schedule of Investments [Line Items] | |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year | 1,855 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years | 6,007 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years | 16,460 |
Total | 24,322 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year | 1,781 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years | 5,862 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years | 0 |
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Ten Years | (16,084) |
Total | $ 23,727 |
Investment Securities - Secur_2
Investment Securities - Securities Held-to-Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | ||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | [1] | $ 2,261,867 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | [1] | (1,500) | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,260,367 | [1] | $ 0 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | [1] | 554 | ||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | [1] | (51,162) | ||
Debt Securities, Held-to-maturity, Fair Value | [1] | 2,209,759 | ||
Municipal securities | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 1,241,664 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (140) | |||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 1,241,524 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 554 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (36,762) | |||
Debt Securities, Held-to-maturity, Fair Value | 1,205,316 | |||
Agency commercial MBS | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 424,274 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | |||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 424,274 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (4,626) | |||
Debt Securities, Held-to-maturity, Fair Value | 419,648 | |||
Private label commercial MBS | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 343,545 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | |||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 343,545 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (5,663) | |||
Debt Securities, Held-to-maturity, Fair Value | 337,882 | |||
U.S. Treasury securities | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 182,751 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | |||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 182,751 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (1,855) | |||
Debt Securities, Held-to-maturity, Fair Value | 180,896 | |||
Corporate debt securities | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 69,633 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (1,360) | |||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 68,273 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 0 | |||
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (2,256) | |||
Debt Securities, Held-to-maturity, Fair Value | 66,017 | |||
Interest Receivable | $ 13,700 | |||
[1]Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets |
Investment Securities - Secur_3
Investment Securities - Securities Held-to-Maturity Allowance for Credit Losses (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Schedule of Held-to-maturity Securities [Line Items] | |
Provision for Credit Losses | $ 1,500 |
Charge-offs | 0 |
Recoveries | 0 |
Allowance for Credit Losses, End of Period | 1,500 |
Municipal securities | |
Schedule of Held-to-maturity Securities [Line Items] | |
Provision for Credit Losses | 140 |
Charge-offs | 0 |
Recoveries | 0 |
Allowance for Credit Losses, End of Period | 140 |
Corporate debt securities | |
Schedule of Held-to-maturity Securities [Line Items] | |
Provision for Credit Losses | 1,360 |
Charge-offs | 0 |
Recoveries | 0 |
Allowance for Credit Losses, End of Period | $ 1,360 |
Investment Securities - Secur_4
Investment Securities - Securities Held-to-Maturity Credit Quality Indicators (Details) $ in Thousands | Jun. 30, 2022 USD ($) | |
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | $ 2,261,867 | [1] |
Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 928,629 | |
Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 970,486 | |
Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 178,341 | |
Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 1,997 | |
Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 23,196 | |
Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 20,985 | |
Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 48,578 | |
Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 89,655 | |
Municipal securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 1,241,664 | |
Municipal securities | Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 585,084 | |
Municipal securities | Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 363,461 | |
Municipal securities | Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 178,341 | |
Municipal securities | Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 1,997 | |
Municipal securities | Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Municipal securities | Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Municipal securities | Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 23,126 | |
Municipal securities | Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 89,655 | |
Agency commercial MBS | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 424,274 | |
Agency commercial MBS | Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 424,274 | |
Agency commercial MBS | Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Agency commercial MBS | Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 343,545 | |
Private label commercial MBS | Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 343,545 | |
Private label commercial MBS | Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Private label commercial MBS | Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 182,751 | |
U.S. Treasury securities | Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 182,751 | |
U.S. Treasury securities | Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
U.S. Treasury securities | Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Corporate debt securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 69,633 | |
Corporate debt securities | Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Corporate debt securities | Standard & Poor's, AA+ Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Corporate debt securities | Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Corporate debt securities | Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 0 | |
Corporate debt securities | Standard & Poor's, A- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 23,196 | |
Corporate debt securities | Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 20,985 | |
Corporate debt securities | Standard & Poor's, No Credit Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 25,452 | |
Corporate debt securities | Standard & Poor's, AA- Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | $ 0 | |
[1]Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets |
Investment Securities - Secur_5
Investment Securities - Securities Held-to-Maturity Contractual Maturities (Details) $ in Thousands | Jun. 30, 2022 USD ($) | |
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | $ 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 905,135 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 1,356,732 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 2,261,867 | [1] |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 895,951 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 1,313,808 | |
Debt Securities, Held-to-maturity, Fair Value | 2,209,759 | [1] |
Municipal securities | ||
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 286,105 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 955,559 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 1,241,664 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 283,530 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 921,786 | |
Debt Securities, Held-to-maturity, Fair Value | 1,205,316 | |
Agency commercial MBS | ||
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 400,499 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 23,775 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 424,274 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 396,316 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 23,332 | |
Debt Securities, Held-to-maturity, Fair Value | 419,648 | |
Private label commercial MBS | ||
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 35,780 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 307,765 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 343,545 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 35,209 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 302,673 | |
Debt Securities, Held-to-maturity, Fair Value | 337,882 | |
U.S. Treasury securities | ||
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 182,751 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 182,751 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 180,896 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 0 | |
Debt Securities, Held-to-maturity, Fair Value | 180,896 | |
Corporate debt securities | ||
Debt Securities, Held-to-maturity, Maturity [Abstract] | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10 | 69,633 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 69,633 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 0 | |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 66,017 | |
Debt Securities, Held-to-maturity, Fair Value | $ 66,017 | |
[1]Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets |
Investment Securities - Interes
Investment Securities - Interest Income on Investment Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Taxable interest | $ 44,467 | $ 25,206 | $ 89,109 | $ 47,176 |
Non-taxable interest | 8,180 | 8,493 | 16,699 | 16,571 |
Dividend income | 255 | 255 | 516 | 472 |
Total interest income on investment securities | $ 52,902 | $ 33,954 | $ 106,324 | $ 64,219 |
Investment Securities - Narrati
Investment Securities - Narrative (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Schedule of Held-to-maturity Securities [Line Items] | ||
Transfer of securities available-for-sale to held-to-maturity | $ 2,260,407 | $ 0 |
OCI, Debt Securities, Available-for-Sale, Transfer from Held-to-Maturity, Gain (Loss), before Adjustment and Tax | 218,300 | |
Held-to-maturity Securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | 619,400 | |
Available-for-sale Securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $ 2,200,000 |
Loans and Leases - Loans and Le
Loans and Leases - Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Gross loans and leases held for investment | $ 26,608,541 | $ 23,026,308 | |||||
Deferred fees, net | (107,404) | (84,760) | |||||
Loans held for investment, net | 26,501,137 | 22,941,548 | $ 19,506,257 | ||||
Allowance for loan and lease losses | (188,705) | $ (197,398) | (200,564) | (225,600) | $ (292,445) | $ (348,181) | |
Loans and leases, net | [1] | 26,312,432 | 22,740,984 | ||||
Real Estate Mortgage | |||||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Gross loans and leases held for investment | 13,570,353 | 11,189,278 | |||||
Loans held for investment, net | 13,549,646 | 11,178,720 | 8,413,020 | ||||
Allowance for loan and lease losses | (85,287) | (86,715) | (98,053) | (107,013) | (141,122) | (138,342) | |
Real Estate Construction and Land | |||||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Gross loans and leases held for investment | [2] | 4,059,965 | 3,491,340 | ||||
Loans held for investment, net | 3,991,039 | 3,437,127 | 3,505,584 | ||||
Allowance for loan and lease losses | (41,778) | (44,161) | (45,079) | (54,582) | (66,775) | (78,356) | |
Commercial | |||||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Gross loans and leases held for investment | 8,494,614 | 7,888,068 | |||||
Loans held for investment, net | 8,476,806 | 7,868,051 | 7,222,244 | ||||
Allowance for loan and lease losses | (54,031) | (57,056) | (48,718) | (57,697) | (78,716) | (126,403) | |
Consumer | |||||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Gross loans and leases held for investment | 483,609 | 457,622 | |||||
Loans held for investment, net | 483,646 | 457,650 | 365,409 | ||||
Allowance for loan and lease losses | (7,609) | $ (9,466) | (8,714) | $ (6,308) | $ (5,832) | $ (5,080) | |
Loans and Finance Receivables [Member] | |||||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||||
Interest Receivable | $ 88,900 | $ 80,300 | |||||
[1]Excludes accrued interest receivable of $88.9 million and $80.3 million at June 30, 2022 and December 31, 2021, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.[2]Includes land and acquisition and development loans of $116.3 million and $151.8 million at June 30, 2022 and December 31, 2021 |
Loans and Leases - Aging Analys
Loans and Leases - Aging Analysis of Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 |
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | $ 26,501,137 | $ 22,941,548 | $ 19,506,257 |
Financing Receivable Recorded Investment Total Past Due | 104,648 | 73,508 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 26,396,489 | 22,868,040 | |
30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 66,581 | 55,042 | |
90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 38,067 | 18,466 | |
Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 13,549,646 | 11,178,720 | 8,413,020 |
Financing Receivable Recorded Investment Total Past Due | 52,076 | 57,714 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 13,497,570 | 11,121,006 | |
Real Estate Mortgage | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 27,770 | 45,812 | |
Real Estate Mortgage | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 24,306 | 11,902 | |
Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,991,039 | 3,437,127 | 3,505,584 |
Financing Receivable Recorded Investment Total Past Due | 38,765 | 9,494 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 3,952,274 | 3,427,633 | |
Real Estate Construction and Land | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 26,288 | 7,271 | |
Real Estate Construction and Land | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 12,477 | 2,223 | |
Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 8,476,806 | 7,868,051 | 7,222,244 |
Financing Receivable Recorded Investment Total Past Due | 11,891 | 5,020 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 8,464,915 | 7,863,031 | |
Commercial | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 10,812 | 955 | |
Commercial | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 1,079 | 4,065 | |
Consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 483,646 | 457,650 | $ 365,409 |
Financing Receivable Recorded Investment Total Past Due | 1,916 | 1,280 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 481,730 | 456,370 | |
Consumer | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 1,711 | 1,004 | |
Consumer | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 205 | 276 | |
Asset-based | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 5,068,112 | 4,075,477 | |
Financing Receivable Recorded Investment Total Past Due | 441 | 464 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 5,067,671 | 4,075,013 | |
Asset-based | Commercial | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 0 | 0 | |
Asset-based | Commercial | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 441 | 464 | |
Venture Capital Loans | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 2,179,190 | 2,320,593 | |
Financing Receivable Recorded Investment Total Past Due | 0 | 0 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 2,179,190 | 2,320,593 | |
Venture Capital Loans | Commercial | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 0 | 0 | |
Venture Capital Loans | Commercial | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 0 | 0 | |
Other Commercial | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 1,229,504 | 1,471,981 | |
Financing Receivable Recorded Investment Total Past Due | 11,450 | 4,556 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 1,218,054 | 1,467,425 | |
Other Commercial | Commercial | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 10,812 | 955 | |
Other Commercial | Commercial | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 638 | 3,601 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 837,423 | 832,591 | |
Financing Receivable Recorded Investment Total Past Due | 0 | 0 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 837,423 | 832,591 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 0 | 0 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 0 | 0 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,153,616 | 2,604,536 | |
Financing Receivable Recorded Investment Total Past Due | 38,765 | 9,494 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 3,114,851 | 2,595,042 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 26,288 | 7,271 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 12,477 | 2,223 | |
Commercial | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,670,515 | 3,762,299 | |
Financing Receivable Recorded Investment Total Past Due | 15,204 | 7,543 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 3,655,311 | 3,754,756 | |
Commercial | Real Estate Mortgage | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 13,345 | 5,307 | |
Commercial | Real Estate Mortgage | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | 1,859 | 2,236 | |
Residential Real Estate [Member] | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 9,879,131 | 7,416,421 | |
Financing Receivable Recorded Investment Total Past Due | 36,872 | 50,171 | |
Loans And Leases Receivable Net Of Deferred Income, Not Past Due | 9,842,259 | 7,366,250 | |
Residential Real Estate [Member] | Real Estate Mortgage | 30 TO 89 Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
30-89 Days Past Due | 14,425 | 40,505 | |
Residential Real Estate [Member] | Real Estate Mortgage | 90 Or More Days Past Due | |||
Financing Receivable, Past Due [Line Items] | |||
90 or More Days Past Due | $ 22,447 | $ 9,666 |
Loans and Leases - Nonaccrual a
Loans and Leases - Nonaccrual and Performing Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 |
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | $ 78,527 | $ 61,174 | $ 56,803 |
Loans held for investment, net | 26,501,137 | 22,941,548 | 19,506,257 |
Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 56,053 | 39,832 | 38,198 |
Loans held for investment, net | 13,549,646 | 11,178,720 | 8,413,020 |
Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 13,287 | 4,715 | 2,218 |
Loans held for investment, net | 3,991,039 | 3,437,127 | 3,505,584 |
Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 8,964 | 16,213 | 16,027 |
Loans held for investment, net | 8,476,806 | 7,868,051 | 7,222,244 |
Consumer | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 223 | 414 | 360 |
Loans held for investment, net | 483,646 | 457,650 | $ 365,409 |
Performing | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 26,422,610 | 22,880,374 | |
Performing | Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 13,493,593 | 11,138,888 | |
Performing | Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 3,977,752 | 3,432,412 | |
Performing | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 8,467,842 | 7,851,838 | |
Performing | Consumer | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 483,423 | 457,236 | |
Asset-based | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 1,189 | 1,464 | |
Loans held for investment, net | 5,068,112 | 4,075,477 | |
Asset-based | Performing | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 5,066,923 | 4,074,013 | |
Venture Capital Loans | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 3,120 | 2,799 | |
Loans held for investment, net | 2,179,190 | 2,320,593 | |
Venture Capital Loans | Performing | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 2,176,070 | 2,317,794 | |
Other Commercial | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 4,655 | 11,950 | |
Loans held for investment, net | 1,229,504 | 1,471,981 | |
Other Commercial | Performing | Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 1,224,849 | 1,460,031 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 0 | 0 | |
Loans held for investment, net | 837,423 | 832,591 | |
Commercial Real Estate Construction Loan Receivable | Performing | Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 837,423 | 832,591 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 13,287 | 4,715 | |
Loans held for investment, net | 3,153,616 | 2,604,536 | |
Residential Real Estate Construction Financing Receivable | Performing | Real Estate Construction and Land | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 3,140,329 | 2,599,821 | |
Commercial | Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 28,529 | 27,540 | |
Loans held for investment, net | 3,670,515 | 3,762,299 | |
Commercial | Performing | Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | 3,641,986 | 3,734,759 | |
Residential Real Estate [Member] | Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Nonaccrual | 27,524 | 12,292 | |
Loans held for investment, net | 9,879,131 | 7,416,421 | |
Residential Real Estate [Member] | Performing | Real Estate Mortgage | |||
Financing Receivable, Impaired [Line Items] | |||
Loans held for investment, net | $ 9,851,607 | $ 7,404,129 |
Loans and Leases - Credit Risk
Loans and Leases - Credit Risk Rating Categories for Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 |
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | $ 26,501,137 | $ 22,941,548 | $ 19,506,257 |
Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 13,549,646 | 11,178,720 | 8,413,020 |
Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,991,039 | 3,437,127 | 3,505,584 |
Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 8,476,806 | 7,868,051 | 7,222,244 |
Consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 483,646 | 457,650 | $ 365,409 |
Classified | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 104,264 | 116,104 | |
Classified | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 78,646 | 79,906 | |
Classified | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 13,287 | 4,715 | |
Classified | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 12,032 | 31,044 | |
Classified | Consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 299 | 439 | |
Special Mention | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 480,261 | 391,611 | |
Special Mention | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 176,724 | 211,657 | |
Special Mention | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 195,102 | 69,447 | |
Special Mention | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 103,043 | 108,666 | |
Special Mention | Consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 5,392 | 1,841 | |
Pass | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 25,916,612 | 22,433,833 | |
Pass | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 13,294,276 | 10,887,157 | |
Pass | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,782,650 | 3,362,965 | |
Pass | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 8,361,731 | 7,728,341 | |
Pass | Consumer | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 477,955 | 455,370 | |
Asset-based | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 5,068,112 | 4,075,477 | |
Asset-based | Classified | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 1,189 | 4,591 | |
Asset-based | Special Mention | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 54,131 | 78,305 | |
Asset-based | Pass | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 5,012,792 | 3,992,581 | |
Venture Capital Loans | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 2,179,190 | 2,320,593 | |
Venture Capital Loans | Classified | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,116 | 4,794 | |
Venture Capital Loans | Special Mention | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 37,831 | 14,833 | |
Venture Capital Loans | Pass | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 2,138,243 | 2,300,966 | |
Other Commercial | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 1,229,504 | 1,471,981 | |
Other Commercial | Classified | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 7,727 | 21,659 | |
Other Commercial | Special Mention | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 11,081 | 15,528 | |
Other Commercial | Pass | Commercial | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 1,210,696 | 1,434,794 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 837,423 | 832,591 | |
Commercial Real Estate Construction Loan Receivable | Classified | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 0 | 0 | |
Commercial Real Estate Construction Loan Receivable | Special Mention | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 155,745 | 67,727 | |
Commercial Real Estate Construction Loan Receivable | Pass | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 681,678 | 764,864 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,153,616 | 2,604,536 | |
Residential Real Estate Construction Financing Receivable | Classified | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 13,287 | 4,715 | |
Residential Real Estate Construction Financing Receivable | Special Mention | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 39,357 | 1,720 | |
Residential Real Estate Construction Financing Receivable | Pass | Real Estate Construction and Land | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,100,972 | 2,598,101 | |
Commercial | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,670,515 | 3,762,299 | |
Commercial | Classified | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 46,203 | 62,206 | |
Commercial | Special Mention | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 157,476 | 191,809 | |
Commercial | Pass | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 3,466,836 | 3,508,284 | |
Residential Real Estate [Member] | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 9,879,131 | 7,416,421 | |
Residential Real Estate [Member] | Classified | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 32,443 | 17,700 | |
Residential Real Estate [Member] | Special Mention | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | 19,248 | 19,848 | |
Residential Real Estate [Member] | Pass | Real Estate Mortgage | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | $ 9,827,440 | 7,378,873 | |
Non Purchased Credit Impaired Loans and Leases | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment, net | $ 22,941,548 |
Loans and Leases - Nonaccrual L
Loans and Leases - Nonaccrual Loans and Leases by Loan Portfolio Segment and Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | $ 78,527 | $ 56,803 | $ 78,527 | $ 56,803 | $ 61,174 |
Financing Receivable, Nonaccrual, Interest Income | 21 | 1,954 | 459 | 4,074 | |
Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 56,053 | 38,198 | 56,053 | 38,198 | 39,832 |
Financing Receivable, Nonaccrual, Interest Income | 14 | 140 | 98 | 430 | |
Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 13,287 | 2,218 | 13,287 | 2,218 | 4,715 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 8,964 | 16,027 | 8,964 | 16,027 | 16,213 |
Financing Receivable, Nonaccrual, Interest Income | 7 | 1,814 | 361 | 3,644 | |
Consumer | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 223 | 360 | 223 | 360 | 414 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Finance Receivable Allowance | Consumer | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 223 | 360 | 223 | 360 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
No Finance Receivable Allowance | Consumer | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | |||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 | 0 | 0 | |
Commercial | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 28,529 | 28,529 | 27,540 | ||
Financing Receivable, Nonaccrual, No Allowance | 28,463 | 31,991 | 28,463 | 31,991 | |
Commercial | Finance Receivable Allowance | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 66 | 74 | 66 | 74 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Commercial | No Finance Receivable Allowance | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 14 | 140 | 98 | 430 | |
Residential Real Estate [Member] | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 27,524 | 27,524 | 12,292 | ||
Financing Receivable, Nonaccrual, No Allowance | 20,583 | 3,327 | 20,583 | 3,327 | |
Residential Real Estate [Member] | Finance Receivable Allowance | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 6,941 | 2,806 | 6,941 | 2,806 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Residential Real Estate [Member] | No Finance Receivable Allowance | Real Estate Mortgage | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Commercial Real Estate Construction Loan Receivable | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 0 | 0 | 0 | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 284 | 0 | 284 | |
Commercial Real Estate Construction Loan Receivable | Finance Receivable Allowance | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 0 | 0 | 0 | 0 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | |||
Commercial Real Estate Construction Loan Receivable | No Finance Receivable Allowance | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Residential Real Estate Construction Financing Receivable | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 13,287 | 13,287 | 4,715 | ||
Financing Receivable, Nonaccrual, No Allowance | 11,641 | 1,531 | 11,641 | 1,531 | |
Residential Real Estate Construction Financing Receivable | Finance Receivable Allowance | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 1,646 | 403 | 1,646 | 403 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Residential Real Estate Construction Financing Receivable | No Finance Receivable Allowance | Real Estate Construction and Land | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Asset-based | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 1,189 | 1,189 | 1,464 | ||
Financing Receivable, Nonaccrual, No Allowance | 441 | 489 | 441 | 489 | |
Asset-based | Finance Receivable Allowance | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 748 | 1,484 | 748 | 1,484 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Asset-based | No Finance Receivable Allowance | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Venture Capital Loans | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 3,120 | 3,120 | 2,799 | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 | 0 | 0 | |
Venture Capital Loans | Finance Receivable Allowance | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 3,120 | 2,717 | 3,120 | 2,717 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Venture Capital Loans | No Finance Receivable Allowance | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | |||
Other Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, No Allowance | 3,393 | 9,865 | 3,393 | 9,865 | |
Other Commercial | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 4,655 | 4,655 | $ 11,950 | ||
Other Commercial | Finance Receivable Allowance | Commercial | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual | 1,262 | 1,472 | 1,262 | 1,472 | |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | 0 | 0 | |
Other Commercial | No Finance Receivable Allowance | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Financing Receivable, Nonaccrual, Interest Income | $ 7 | $ 1,814 | $ 361 | $ 3,644 |
Loans and Leases - Loans Held f
Loans and Leases - Loans Held for Investment by Loan Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | |
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | $ (26,501,137) | $ (22,941,548) | $ (19,506,257) | |
Allowance for Loan and Lease Losses, Write-offs | $ 10,715 | 6,033 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (12,598) | |||
Allowance for Loan Loss, Net Write offs | (1,883) | |||
Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (13,549,646) | (11,178,720) | (8,413,020) | |
Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (837,423) | (832,591) | ||
Allowance for Loan and Lease Losses, Write-offs | 775 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 775 | |||
Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,153,616) | (2,604,536) | ||
Allowance for Loan and Lease Losses, Write-offs | 7 | 7 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 7 | |||
Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (8,476,806) | (7,868,051) | (7,222,244) | |
Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (483,646) | (457,650) | $ (365,409) | |
Allowance for Loan and Lease Losses, Write-offs | 1,507 | 576 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (120) | |||
Allowance for Loan Loss, Net Write offs | 1,387 | |||
Revolving Credit Facility [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (5,784,295) | (5,526,869) | ||
Allowance for Loan and Lease Losses, Write-offs | 985 | 1,818 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (86) | |||
Allowance for Loan Loss, Net Write offs | 899 | |||
Revolving Credit Facility [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (11) | (18,190) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Revolving Credit Facility [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (325) | (28,804) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Revolving Credit Facility [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (10,478) | (6,335) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (1) | |||
Allowance for Loan Loss, Net Write offs | (1) | |||
Revolving Converted To Term Loan [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (178,808) | (105,951) | ||
Allowance for Loan and Lease Losses, Write-offs | 2,650 | 66 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (446) | |||
Allowance for Loan Loss, Net Write offs | 2,204 | |||
Revolving Converted To Term Loan [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Revolving Converted To Term Loan [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (10,672) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Revolving Converted To Term Loan [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (18) | (19) | ||
Allowance for Loan and Lease Losses, Write-offs | 54 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 54 | |||
Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,715,373) | (7,258,473) | ||
Allowance for Loan and Lease Losses, Write-offs | 2,027 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (28) | |||
Allowance for Loan Loss, Net Write offs | 1,999 | |||
Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (33,665) | (96,108) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (521,035) | (850,313) | ||
Allowance for Loan and Lease Losses, Write-offs | 7 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 7 | |||
Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (84,887) | (262,511) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (6,939,090) | (2,310,266) | ||
Allowance for Loan and Lease Losses, Write-offs | 265 | 200 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 265 | |||
Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (132,772) | (96,448) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (972,672) | (677,327) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 7 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (233,459) | (24,591) | ||
Allowance for Loan and Lease Losses, Write-offs | 185 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 185 | |||
Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,311,586) | (2,803,560) | ||
Allowance for Loan and Lease Losses, Write-offs | 965 | 23 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (169) | |||
Allowance for Loan Loss, Net Write offs | 796 | |||
Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (80,308) | (386,832) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (871,345) | (851,715) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (19,669) | (74,479) | ||
Allowance for Loan and Lease Losses, Write-offs | 654 | 22 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 654 | |||
Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,424,019) | (1,949,477) | ||
Allowance for Loan and Lease Losses, Write-offs | 1,146 | 338 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (64) | |||
Allowance for Loan Loss, Net Write offs | 1,082 | |||
Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (368,548) | (152,444) | ||
Allowance for Loan and Lease Losses, Write-offs | 775 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 775 | |||
Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (622,539) | (163,950) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (61,384) | (35,739) | ||
Allowance for Loan and Lease Losses, Write-offs | 156 | 338 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (27) | |||
Allowance for Loan Loss, Net Write offs | 129 | |||
Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,652,546) | (1,305,834) | ||
Allowance for Loan and Lease Losses, Write-offs | 753 | 1,488 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (447) | |||
Allowance for Loan Loss, Net Write offs | 306 | |||
Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (144,081) | (68,447) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (165,271) | (17,785) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,536) | (21,782) | ||
Allowance for Loan and Lease Losses, Write-offs | 270 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (13) | |||
Allowance for Loan Loss, Net Write offs | 257 | |||
Prior [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,495,420) | (1,681,118) | ||
Allowance for Loan and Lease Losses, Write-offs | 1,924 | 2,100 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (11,358) | |||
Allowance for Loan Loss, Net Write offs | (9,434) | |||
Prior [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (78,060) | (14,122) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Prior [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,079) | (3,970) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Prior [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (44,215) | (32,194) | ||
Allowance for Loan and Lease Losses, Write-offs | 188 | 216 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (79) | |||
Allowance for Loan Loss, Net Write offs | 109 | |||
1-2 High Pass [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,408,281) | (2,316,130) | ||
1-2 High Pass [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (660) | (702) | ||
1-2 High Pass [Member] | Revolving Credit Facility [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,055,745) | (982,446) | ||
1-2 High Pass [Member] | Revolving Credit Facility [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Revolving Credit Facility [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Revolving Credit Facility [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (614) | (646) | ||
1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (17,039) | (51,188) | ||
1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (196,652) | (369,274) | ||
1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (36) | ||
1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (294,327) | (135,778) | ||
1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (34) | (11) | ||
1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (94,876) | (268,730) | ||
1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9) | 0 | ||
1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (254,161) | (179,933) | ||
1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (5) | ||
1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (179,453) | (90,210) | ||
1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3) | (4) | ||
1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (316,028) | (238,571) | ||
1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
3-4 Pass [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (23,508,331) | (20,117,703) | ||
3-4 Pass [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (681,678) | (764,864) | ||
3-4 Pass [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,100,972) | (2,598,101) | ||
3-4 Pass [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (477,295) | (454,668) | ||
3-4 Pass [Member] | Revolving Credit Facility [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,715,895) | (4,511,074) | ||
3-4 Pass [Member] | Revolving Credit Facility [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (11) | (18,190) | ||
3-4 Pass [Member] | Revolving Credit Facility [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (325) | (28,804) | ||
3-4 Pass [Member] | Revolving Credit Facility [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9,770) | (5,689) | ||
3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (154,345) | (46,987) | ||
3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (10,672) | ||
3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,497,574) | (6,869,712) | ||
3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (33,665) | (96,108) | ||
3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (505,330) | (849,188) | ||
3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (83,997) | (261,678) | ||
3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (6,574,638) | (2,152,244) | ||
3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (132,772) | (96,448) | ||
3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (962,146) | (672,864) | ||
3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (230,843) | (24,195) | ||
3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,181,534) | (2,390,507) | ||
3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (80,308) | (386,832) | ||
3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (845,779) | (851,127) | ||
3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (19,477) | (73,860) | ||
3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,041,586) | (1,667,175) | ||
3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (368,548) | (152,444) | ||
3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (621,951) | (163,950) | ||
3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (59,951) | (35,623) | ||
3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,291,499) | (1,134,114) | ||
3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (57,553) | (720) | ||
3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (165,271) | (17,526) | ||
3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,422) | (21,707) | ||
3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,051,260) | (1,345,890) | ||
3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (8,843) | (14,122) | ||
3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (820) | (3,970) | ||
3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (43,835) | (31,916) | ||
5 Special Mention [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (480,261) | (391,611) | ||
5 Special Mention [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (155,745) | (67,727) | ||
5 Special Mention [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (39,357) | (1,720) | ||
5 Special Mention [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (5,392) | (1,841) | ||
5 Special Mention [Member] | Revolving Credit Facility [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (10,511) | (13,597) | ||
5 Special Mention [Member] | Revolving Credit Facility [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Revolving Credit Facility [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Revolving Credit Facility [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (93) | 0 | ||
5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,835) | (4,039) | ||
5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (18,788) | (12,924) | ||
5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (16,070) | (276) | ||
5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (890) | (797) | ||
5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (40,889) | (13,238) | ||
5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,421) | (1,185) | ||
5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,401) | (363) | ||
5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (25,791) | (126,180) | ||
5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (19,866) | 0 | ||
5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (183) | (496) | ||
5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (125,249) | (91,598) | ||
5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,433) | 0 | ||
5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (147,871) | (74,684) | ||
5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (86,528) | (67,727) | ||
5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (259) | ||
5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (87) | (50) | ||
5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (107,327) | (55,351) | ||
5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (69,217) | 0 | ||
5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (305) | (135) | ||
6-8 Classified [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (104,264) | (116,104) | ||
6-8 Classified [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (13,287) | (4,715) | ||
6-8 Classified [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (299) | (439) | ||
6-8 Classified [Member] | Revolving Credit Facility [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,144) | (19,752) | ||
6-8 Classified [Member] | Revolving Credit Facility [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Revolving Credit Facility [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Revolving Credit Facility [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1) | 0 | ||
6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,589) | (3,737) | ||
6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (18) | (19) | ||
6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,359) | (6,563) | ||
6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (365) | (849) | ||
6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,236) | (9,006) | ||
6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (7,105) | (3,278) | ||
6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (181) | (22) | ||
6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9,385) | (18,143) | ||
6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (5,700) | (588) | ||
6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (123) | ||
6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,023) | (10,771) | ||
6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (588) | 0 | ||
6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (111) | ||
6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (33,723) | (6,826) | ||
6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (24) | (21) | ||
6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (20,805) | (41,306) | ||
6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial Real Estate Construction Loan Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Residential Real Estate Construction Financing Receivable | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (259) | 0 | ||
6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Consumer | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (75) | (143) | ||
Commercial | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,670,515) | (3,762,299) | ||
Allowance for Loan and Lease Losses, Write-offs | 965 | 1,671 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (6,081) | |||
Allowance for Loan Loss, Net Write offs | (5,116) | |||
Commercial | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (108,545) | (51,808) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Commercial | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (10,411) | (11,977) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Commercial | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (282,678) | (500,187) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Commercial | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (500,797) | (546,436) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Commercial | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (534,185) | (434,450) | ||
Allowance for Loan and Lease Losses, Write-offs | 189 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 189 | |||
Commercial | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (366,076) | (668,437) | ||
Allowance for Loan and Lease Losses, Write-offs | 168 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 168 | |||
Commercial | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (579,417) | (508,786) | ||
Allowance for Loan and Lease Losses, Write-offs | 344 | 1,488 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (8) | |||
Allowance for Loan Loss, Net Write offs | 336 | |||
Commercial | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,288,406) | (1,040,218) | ||
Allowance for Loan and Lease Losses, Write-offs | 264 | 183 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (6,073) | |||
Allowance for Loan Loss, Net Write offs | (5,809) | |||
Commercial | 1-2 High Pass [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (91,652) | (90,046) | ||
Commercial | 1-2 High Pass [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (27,677) | (3) | ||
Commercial | 1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (561) | ||
Commercial | 1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,156) | (9,148) | ||
Commercial | 1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (7,553) | (32,304) | ||
Commercial | 1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (7,041) | (8,289) | ||
Commercial | 1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (6,031) | (6,248) | ||
Commercial | 1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (40,194) | (33,493) | ||
Commercial | 3-4 Pass [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,375,184) | (3,418,238) | ||
Commercial | 3-4 Pass [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (80,868) | (51,805) | ||
Commercial | 3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (10,411) | (11,977) | ||
Commercial | 3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (282,678) | (499,626) | ||
Commercial | 3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (497,641) | (531,989) | ||
Commercial | 3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (522,878) | (321,728) | ||
Commercial | 3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (283,379) | (578,436) | ||
Commercial | 3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (493,351) | (489,727) | ||
Commercial | 3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,203,978) | (932,950) | ||
Commercial | 5 Special Mention [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (157,476) | (191,809) | ||
Commercial | 5 Special Mention [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (4,811) | ||
Commercial | 5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,278) | (63,381) | ||
Commercial | 5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (73,578) | (76,372) | ||
Commercial | 5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (50,678) | (6,533) | ||
Commercial | 5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,942) | (40,712) | ||
Commercial | 6-8 Classified [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (46,203) | (62,206) | ||
Commercial | 6-8 Classified [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Commercial | 6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (488) | ||
Commercial | 6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (476) | (17,037) | ||
Commercial | 6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,078) | (5,340) | ||
Commercial | 6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,357) | (6,278) | ||
Commercial | 6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (14,292) | (33,063) | ||
Residential Real Estate [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9,879,131) | (7,416,421) | ||
Allowance for Loan and Lease Losses, Write-offs | 163 | 35 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (686) | |||
Allowance for Loan Loss, Net Write offs | (523) | |||
Residential Real Estate [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (132,295) | (119,930) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Residential Real Estate [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (344) | (427) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (301) | |||
Allowance for Loan Loss, Net Write offs | (301) | |||
Residential Real Estate [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,122,825) | (4,508,103) | ||
Allowance for Loan and Lease Losses, Write-offs | 28 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (28) | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Residential Real Estate [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,170,276) | (661,573) | ||
Allowance for Loan and Lease Losses, Write-offs | 80 | 34 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 80 | |||
Residential Real Estate [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (595,063) | (644,599) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 1 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Residential Real Estate [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (653,513) | (667,526) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Residential Real Estate [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (511,486) | (559,611) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Residential Real Estate [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (693,329) | (254,652) | ||
Allowance for Loan and Lease Losses, Write-offs | 55 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (357) | |||
Allowance for Loan Loss, Net Write offs | (302) | |||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (280,924) | (286,511) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,000) | (28,115) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (95,016) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (99,724) | (29,339) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (22,983) | (57,874) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (57,363) | (47,688) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (55,435) | (11,776) | ||
Residential Real Estate [Member] | 1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (44,419) | (16,703) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9,546,516) | (7,092,362) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (131,295) | (91,655) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (117) | (156) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,118,273) | (4,405,055) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,045,948) | (623,207) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (568,720) | (573,718) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (583,160) | (616,515) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (452,990) | (547,531) | ||
Residential Real Estate [Member] | 3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (646,013) | (234,525) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (19,248) | (19,848) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (160) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,828) | (2,871) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,279) | (3,810) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (151) | (13,007) | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (12,990) | 0 | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Residential Real Estate [Member] | 5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (32,443) | (17,700) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Revolving Credit Facility [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (227) | (271) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,724) | (5,161) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (20,325) | (5,217) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,209) | 0 | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (3,323) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,061) | (304) | ||
Residential Real Estate [Member] | 6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Real Estate Mortgage | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,897) | (3,424) | ||
Asset-based | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (5,068,112) | (4,075,477) | ||
Allowance for Loan and Lease Losses, Write-offs | 232 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (719) | |||
Allowance for Loan Loss, Net Write offs | (487) | |||
Asset-based | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,125,698) | (2,715,753) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (28) | |||
Allowance for Loan Loss, Net Write offs | (28) | |||
Asset-based | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (128,269) | (60,731) | ||
Allowance for Loan and Lease Losses, Write-offs | 232 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 232 | |||
Asset-based | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (563,458) | (381,045) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Asset-based | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (414,503) | (144,655) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Asset-based | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (113,489) | (286,835) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Asset-based | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (278,455) | (182,460) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Asset-based | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (163,230) | (80,290) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Asset-based | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (281,010) | (223,708) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (691) | |||
Allowance for Loan Loss, Net Write offs | (691) | |||
Asset-based | 1-2 High Pass [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,824,058) | (1,531,301) | ||
Asset-based | 1-2 High Pass [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (868,141) | (706,656) | ||
Asset-based | 1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (17,039) | (50,495) | ||
Asset-based | 1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (180,149) | (138,836) | ||
Asset-based | 1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (166,488) | (72,725) | ||
Asset-based | 1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (53,533) | (178,291) | ||
Asset-based | 1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (189,543) | (123,947) | ||
Asset-based | 1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (117,975) | (71,940) | ||
Asset-based | 1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (231,190) | (188,411) | ||
Asset-based | 3-4 Pass [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,188,734) | (2,461,280) | ||
Asset-based | 3-4 Pass [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,248,953) | (1,992,677) | ||
Asset-based | 3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (106,745) | (6,158) | ||
Asset-based | 3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (383,309) | (242,209) | ||
Asset-based | 3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (248,015) | (71,930) | ||
Asset-based | 3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (59,956) | (59,748) | ||
Asset-based | 3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (56,192) | (45,375) | ||
Asset-based | 3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (36,185) | (8,350) | ||
Asset-based | 3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (49,379) | (34,833) | ||
Asset-based | 5 Special Mention [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (54,131) | (78,305) | ||
Asset-based | 5 Special Mention [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (8,604) | (12,393) | ||
Asset-based | 5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,737) | (3,978) | ||
Asset-based | 5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (48,796) | ||
Asset-based | 5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (32,720) | (13,138) | ||
Asset-based | 5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9,070) | 0 | ||
Asset-based | 5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,189) | (4,591) | ||
Asset-based | 6-8 Classified [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (4,027) | ||
Asset-based | 6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (748) | (100) | ||
Asset-based | 6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Asset-based | 6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (441) | (464) | ||
Venture Capital Loans | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,179,190) | (2,320,593) | ||
Venture Capital Loans | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,179,190) | (2,320,593) | ||
Allowance for Loan and Lease Losses, Write-offs | 620 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (404) | |||
Allowance for Loan Loss, Net Write offs | 216 | |||
Venture Capital Loans | Revolving Credit Facility [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,836,795) | (1,943,854) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Venture Capital Loans | Revolving Converted To Term Loan [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (26,382) | (10,502) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Venture Capital Loans | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (62,421) | (239,047) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Venture Capital Loans | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (195,200) | (63,060) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Venture Capital Loans | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (22,850) | (46,506) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (127) | |||
Allowance for Loan Loss, Net Write offs | (127) | |||
Venture Capital Loans | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (25,217) | (9,241) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (37) | |||
Allowance for Loan Loss, Net Write offs | (37) | |||
Venture Capital Loans | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (5,794) | (1,610) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (158) | |||
Allowance for Loan Loss, Net Write offs | (158) | |||
Venture Capital Loans | Prior [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,531) | (6,773) | ||
Allowance for Loan and Lease Losses, Write-offs | 620 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (82) | |||
Allowance for Loan Loss, Net Write offs | 538 | |||
Venture Capital Loans | 1-2 High Pass [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (155,277) | (230,829) | ||
Venture Capital Loans | 1-2 High Pass [Member] | Revolving Credit Facility [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (137,261) | (228,820) | ||
Venture Capital Loans | 1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Venture Capital Loans | 1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (16,009) | 0 | ||
Venture Capital Loans | 1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (1,999) | ||
Venture Capital Loans | 1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,999) | 0 | ||
Venture Capital Loans | 1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Venture Capital Loans | 1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (4) | ||
Venture Capital Loans | 1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (8) | (14) | ||
Venture Capital Loans | 3-4 Pass [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,982,966) | (2,070,137) | ||
Venture Capital Loans | 3-4 Pass [Member] | Revolving Credit Facility [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,697,801) | (1,715,057) | ||
Venture Capital Loans | 3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (25,021) | (8,202) | ||
Venture Capital Loans | 3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (46,412) | (229,567) | ||
Venture Capital Loans | 3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (164,767) | (58,283) | ||
Venture Capital Loans | 3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (18,740) | (46,007) | ||
Venture Capital Loans | 3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (21,192) | (7,241) | ||
Venture Capital Loans | 3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,510) | (1,614) | ||
Venture Capital Loans | 3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,523) | (4,166) | ||
Venture Capital Loans | 5 Special Mention [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (37,831) | (14,833) | ||
Venture Capital Loans | 5 Special Mention [Member] | Revolving Credit Facility [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,737) | (17) | ||
Venture Capital Loans | 5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Venture Capital Loans | 5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (8,980) | ||
Venture Capital Loans | 5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (29,958) | (2,778) | ||
Venture Capital Loans | 5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,111) | (499) | ||
Venture Capital Loans | 5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4,025) | 0 | ||
Venture Capital Loans | 5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Venture Capital Loans | 5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (2,593) | ||
Venture Capital Loans | 6-8 Classified [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3,116) | (4,794) | ||
Venture Capital Loans | 6-8 Classified [Member] | Revolving Credit Facility [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (4) | (6) | ||
Venture Capital Loans | 6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,361) | (2,300) | ||
Venture Capital Loans | 6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (500) | ||
Venture Capital Loans | 6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (475) | 0 | ||
Venture Capital Loans | 6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Venture Capital Loans | 6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (2,000) | ||
Venture Capital Loans | 6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,284) | 0 | ||
Venture Capital Loans | 6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Venture Capital Loans | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Other Commercial | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,229,504) | (1,471,981) | ||
Allowance for Loan and Lease Losses, Write-offs | 6,446 | 3,744 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (4,588) | |||
Allowance for Loan Loss, Net Write offs | 1,858 | |||
Other Commercial | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (570,820) | (642,195) | ||
Allowance for Loan and Lease Losses, Write-offs | 985 | 1,818 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (57) | |||
Allowance for Loan Loss, Net Write offs | 928 | |||
Other Commercial | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (13,384) | (11,623) | ||
Allowance for Loan and Lease Losses, Write-offs | 2,364 | 66 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (145) | |||
Allowance for Loan Loss, Net Write offs | 2,219 | |||
Other Commercial | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (44,404) | (421,159) | ||
Allowance for Loan and Lease Losses, Write-offs | 1,992 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 1,992 | |||
Other Commercial | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (319,411) | (96,176) | ||
Allowance for Loan and Lease Losses, Write-offs | 0 | 159 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 0 | |||
Other Commercial | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (74,677) | (78,144) | ||
Allowance for Loan and Lease Losses, Write-offs | 122 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (42) | |||
Allowance for Loan Loss, Net Write offs | 80 | |||
Other Commercial | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (48,287) | (69,680) | ||
Allowance for Loan and Lease Losses, Write-offs | 47 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | |||
Allowance for Loan Loss, Net Write offs | 47 | |||
Other Commercial | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (53,731) | (47,523) | ||
Allowance for Loan and Lease Losses, Write-offs | 139 | 0 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (268) | |||
Allowance for Loan Loss, Net Write offs | (129) | |||
Other Commercial | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (104,790) | (105,481) | ||
Allowance for Loan and Lease Losses, Write-offs | 797 | 1,701 | ||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | (4,076) | |||
Allowance for Loan Loss, Net Write offs | $ (3,279) | |||
Other Commercial | 1-2 High Pass [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (55,710) | (176,741) | ||
Other Commercial | 1-2 High Pass [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (21,052) | (18,206) | ||
Other Commercial | 1-2 High Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (693) | ||
Other Commercial | 1-2 High Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (494) | (134,825) | ||
Other Commercial | 1-2 High Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (24,925) | (22,556) | ||
Other Commercial | 1-2 High Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (8,799) | (261) | ||
Other Commercial | 1-2 High Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (214) | (4) | ||
Other Commercial | 1-2 High Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (9) | (246) | ||
Other Commercial | 1-2 High Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (217) | (50) | ||
Other Commercial | 3-4 Pass [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,154,986) | (1,258,053) | ||
Other Commercial | 3-4 Pass [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (547,544) | (607,197) | ||
Other Commercial | 3-4 Pass [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (12,051) | (9,822) | ||
Other Commercial | 3-4 Pass [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (43,910) | (286,281) | ||
Other Commercial | 3-4 Pass [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (292,506) | (73,328) | ||
Other Commercial | 3-4 Pass [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (65,676) | (77,487) | ||
Other Commercial | 3-4 Pass [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (47,213) | (67,591) | ||
Other Commercial | 3-4 Pass [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (52,217) | (46,939) | ||
Other Commercial | 3-4 Pass [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (93,869) | (89,408) | ||
Other Commercial | 5 Special Mention [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (11,081) | (15,528) | ||
Other Commercial | 5 Special Mention [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (77) | (1,061) | ||
Other Commercial | 5 Special Mention [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (98) | (61) | ||
Other Commercial | 5 Special Mention [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | 0 | ||
Other Commercial | 5 Special Mention [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (830) | (291) | ||
Other Commercial | 5 Special Mention [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (202) | (1) | ||
Other Commercial | 5 Special Mention [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (503) | (2,088) | ||
Other Commercial | 5 Special Mention [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,508) | (115) | ||
Other Commercial | 5 Special Mention [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (7,863) | (11,911) | ||
Other Commercial | 6-8 Classified [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (7,727) | (21,659) | ||
Other Commercial | 6-8 Classified [Member] | Revolving Credit Facility [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (2,147) | (15,731) | ||
Other Commercial | 6-8 Classified [Member] | Revolving Converted To Term Loan [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,235) | (1,047) | ||
Other Commercial | 6-8 Classified [Member] | Origination Date 2021 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (53) | ||
Other Commercial | 6-8 Classified [Member] | Origination Date 2020 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (1,150) | (1) | ||
Other Commercial | 6-8 Classified [Member] | Origination Date 2019 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | 0 | (395) | ||
Other Commercial | 6-8 Classified [Member] | Origination Date 2018 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (357) | (3) | ||
Other Commercial | 6-8 Classified [Member] | Origination Date 2017 [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | (3) | (223) | ||
Other Commercial | 6-8 Classified [Member] | Prior [Member] | Term Loans By Origination Date [Member] | Commercial | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Loans held for investment, net | $ (2,841) | $ (4,212) |
Loans and Leases - Troubled Deb
Loans and Leases - Troubled Debt Restructurings of Loans Held for Investment by Loan Portfolio Segment (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 USD ($) contract | Jun. 30, 2021 USD ($) contract | Jun. 30, 2022 USD ($) contract | Jun. 30, 2021 USD ($) contract | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 12 | 28 | 28 | 45 |
Pre-Modification Outstanding Recorded Investment | $ 3,613,000 | $ 18,974,000 | $ 4,991,000 | $ 54,754,000 |
Post-Modification Outstanding Recorded Investment | $ 3,613,000 | $ 18,974,000 | $ 4,686,000 | $ 34,160,000 |
Other Commercial | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Loans | contract | 2 | 2 | 2 | 2 |
Real Estate Mortgage | Commercial | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 0 | 1 | 1 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 647,000 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Real Estate Mortgage | Residential Real Estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 1 | 0 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 208,000 | $ 0 | $ 512,000 | $ 266,000 |
Post-Modification Outstanding Recorded Investment | $ 208,000 | $ 0 | $ 207,000 | $ 266,000 |
Number of Loans | 1 | 1 | ||
Commercial | Asset-based | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 0 | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 503,000 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 503,000 | ||
Commercial | Venture Capital Loans | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 4 | 1 | 5 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 3,330,000 | $ 2,408,000 | $ 3,330,000 | $ 4,502,000 |
Post-Modification Outstanding Recorded Investment | $ 3,330,000 | $ 2,408,000 | $ 3,330,000 | $ 2,529,000 |
Commercial | Other Commercial | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 6 | 25 | 19 | 35 |
Pre-Modification Outstanding Recorded Investment | $ 57,000 | $ 16,358,000 | $ 1,131,000 | $ 48,608,000 |
Post-Modification Outstanding Recorded Investment | $ 57,000 | $ 16,358,000 | $ 1,131,000 | $ 30,634,000 |
Consumer | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 1 | 0 | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 18,000 | $ 0 | $ 18,000 | $ 20,000 |
Post-Modification Outstanding Recorded Investment | $ 18,000 | $ 0 | $ 18,000 | $ 20,000 |
Residential Portfolio Segment | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of loans | contract | 0 | 1 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 208,000 | $ 0 | $ 208,000 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 208,000 | $ 0 | $ 208,000 |
Loans and Leases - Leases Recei
Loans and Leases - Leases Receivable Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Receivables [Abstract] | ||||
Direct Financing Lease, Interest Income | $ 2,491 | $ 2,278 | $ 4,879 | $ 4,358 |
Loans and Leases - Components o
Loans and Leases - Components of Leases Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Direct Financing Lease, Net Investment in Leases [Abstract] | ||
Lease payments receivable | $ 213,628 | $ 190,025 |
Unguaranteed residual assets | 23,976 | 21,487 |
Deferred costs and other | 1,822 | 1,373 |
Aggregate net investment in leases | $ 239,426 | $ 212,885 |
Loans and Leases - Maturities o
Loans and Leases - Maturities of Leases Receivable (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
Sales-type and Direct Financing Leases, Lease Receivable, Rolling Maturity [Abstract] | |
2022 | $ 29,235 |
2023 | 59,343 |
2024 | 54,917 |
2025 | 37,721 |
2026 | 25,076 |
Thereafter | 33,619 |
Total undiscounted cash flows | 239,911 |
Less: Unearned income | (26,283) |
Present value of lease payments | $ 213,628 |
Loans and Leases - Allowance fo
Loans and Leases - Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Balance, beginning of period | $ 197,398 | $ 292,445 | $ 200,564 | $ 348,181 | |
Charge-offs | (2,799) | (816) | (6,033) | (4,804) | |
Recoveries | 4,106 | 5,971 | 6,174 | 7,223 | |
Net (charge-offs) recoveries | 1,307 | 5,155 | 141 | 2,419 | |
Provision for credit losses | 10,000 | 72,000 | 12,000 | 125,000 | |
Balance, end of period | 188,705 | 225,600 | 188,705 | 225,600 | |
Amount of the allowance applicable to loans and leases: | |||||
Individually evaluated | 952 | 3,468 | 952 | 3,468 | |
Collectively evaluated | 187,753 | 222,132 | 187,753 | 222,132 | |
The ending balance of the loan and lease portfolio is composed of loans and leases: | |||||
Individually evaluated | 78,718 | 90,799 | 78,718 | 90,799 | |
Collectively evaluated | 26,422,419 | 19,415,458 | 26,422,419 | 19,415,458 | |
Loans held for investment, net | 26,501,137 | 19,506,257 | 26,501,137 | 19,506,257 | $ 22,941,548 |
Real Estate Mortgage | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Balance, beginning of period | 86,715 | 141,122 | 98,053 | 138,342 | |
Charge-offs | (1,538) | (266) | (1,706) | (634) | |
Recoveries | 1,305 | 4,882 | 1,468 | 5,427 | |
Net (charge-offs) recoveries | (233) | 4,616 | (238) | 4,793 | |
Provision for credit losses | 1,195 | 38,725 | 12,528 | 36,122 | |
Balance, end of period | 85,287 | 107,013 | 85,287 | 107,013 | |
Amount of the allowance applicable to loans and leases: | |||||
Individually evaluated | 140 | 203 | 140 | 203 | |
Collectively evaluated | 85,147 | 106,810 | 85,147 | 106,810 | |
The ending balance of the loan and lease portfolio is composed of loans and leases: | |||||
Individually evaluated | 40,178 | 41,145 | 40,178 | 41,145 | |
Collectively evaluated | 13,509,468 | 8,371,875 | 13,509,468 | 8,371,875 | |
Loans held for investment, net | 13,549,646 | 8,413,020 | 13,549,646 | 8,413,020 | 11,178,720 |
Real Estate Construction and Land | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Balance, beginning of period | 44,161 | 66,775 | 45,079 | 78,356 | |
Charge-offs | (7) | (75) | (7) | (775) | |
Recoveries | 0 | 0 | 149 | 0 | |
Net (charge-offs) recoveries | (7) | (75) | 142 | (775) | |
Provision for credit losses | 2,376 | 12,118 | 3,443 | 22,999 | |
Balance, end of period | 41,778 | 54,582 | 41,778 | 54,582 | |
Amount of the allowance applicable to loans and leases: | |||||
Individually evaluated | 0 | 0 | 0 | 0 | |
Collectively evaluated | 41,778 | 54,582 | 41,778 | 54,582 | |
The ending balance of the loan and lease portfolio is composed of loans and leases: | |||||
Individually evaluated | 27,121 | 3,254 | 27,121 | 3,254 | |
Collectively evaluated | 3,963,918 | 3,502,330 | 3,963,918 | 3,502,330 | |
Loans held for investment, net | 3,991,039 | 3,505,584 | 3,991,039 | 3,505,584 | 3,437,127 |
Commercial | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Balance, beginning of period | 57,056 | 78,716 | 48,718 | 126,403 | |
Charge-offs | (911) | (277) | (3,744) | (2,851) | |
Recoveries | 2,790 | 1,029 | 4,525 | 1,726 | |
Net (charge-offs) recoveries | 1,879 | 752 | 781 | (1,125) | |
Provision for credit losses | 4,904 | 21,771 | 4,532 | 67,581 | |
Balance, end of period | 54,031 | 57,697 | 54,031 | 57,697 | |
Amount of the allowance applicable to loans and leases: | |||||
Individually evaluated | 812 | 3,265 | 812 | 3,265 | |
Collectively evaluated | 53,219 | 54,432 | 53,219 | 54,432 | |
The ending balance of the loan and lease portfolio is composed of loans and leases: | |||||
Individually evaluated | 11,419 | 46,400 | 11,419 | 46,400 | |
Collectively evaluated | 8,465,387 | 7,175,844 | 8,465,387 | 7,175,844 | |
Loans held for investment, net | 8,476,806 | 7,222,244 | 8,476,806 | 7,222,244 | 7,868,051 |
Consumer | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Balance, beginning of period | 9,466 | 5,832 | 8,714 | 5,080 | |
Charge-offs | (343) | (198) | (576) | (544) | |
Recoveries | 11 | 60 | 32 | 70 | |
Net (charge-offs) recoveries | (332) | (138) | (544) | (474) | |
Provision for credit losses | 1,525 | 614 | 561 | 1,702 | |
Balance, end of period | 7,609 | 6,308 | 7,609 | 6,308 | |
Amount of the allowance applicable to loans and leases: | |||||
Individually evaluated | 0 | 0 | 0 | 0 | |
Collectively evaluated | 7,609 | 6,308 | 7,609 | 6,308 | |
The ending balance of the loan and lease portfolio is composed of loans and leases: | |||||
Individually evaluated | 0 | 0 | 0 | 0 | |
Collectively evaluated | 483,646 | 365,409 | 483,646 | 365,409 | |
Loans held for investment, net | $ 483,646 | $ 365,409 | $ 483,646 | $ 365,409 | $ 457,650 |
Loans and Leases - Collateral D
Loans and Leases - Collateral Dependent Loans Held for Investment (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | $ 62,314 | $ 48,824 |
Real Estate Mortgage | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 48,253 | 30,817 |
Real Estate Construction and Land | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 13,621 | 10,421 |
Consumer | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 440 | 7,586 |
Real Estate Properties [Domain] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 61,874 | 41,238 |
Real Estate Properties [Domain] | Real Estate Mortgage | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 48,253 | 30,817 |
Real Estate Properties [Domain] | Real Estate Construction and Land | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 13,621 | 10,421 |
Real Estate Properties [Domain] | Consumer | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 0 | 0 |
Business Assets [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 440 | 7,586 |
Business Assets [Member] | Real Estate Mortgage | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 0 | 0 |
Business Assets [Member] | Real Estate Construction and Land | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | 0 | 0 |
Business Assets [Member] | Consumer | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Collateral-dependent Finance Receivable | $ 440 | $ 7,586 |
Loans and Leases - Allowance _2
Loans and Leases - Allowance for Loan and Lease Losses and Reserve for Unfunded Loan Commitments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Receivables [Abstract] | ||||
Balance, beginning of period | $ 197,398 | $ 292,445 | $ 200,564 | $ 348,181 |
Reserve for Unfunded Loan Commitments, Balance, beginning of period | 75,071 | 90,571 | 73,071 | 85,571 |
Allowance for Credit Losses, Balance, beginning of period | 272,469 | 383,016 | 273,635 | 433,752 |
Allowance for Loan and Lease Losses, Charge-offs | (2,799) | (816) | (6,033) | (4,804) |
Reserve for Unfunded Loan Commitments, Charge-offs | 0 | 0 | 0 | 0 |
Allowance for Credit Losses, Charge-offs | (2,799) | (816) | (6,033) | (4,804) |
Allowance for Loan and Lease Loss, Recoveries | 4,106 | 5,971 | 6,174 | 7,223 |
Reserve for Unfunded Loan Commitments, Recoveries | 0 | 0 | 0 | 0 |
Allowance for Credit Losses, Recoveries | 4,106 | 5,971 | 6,174 | 7,223 |
Net (charge-offs) recoveries | 1,307 | 5,155 | 141 | 2,419 |
Reserve for Unfunded Loan Commitments, Net charge-offs | 0 | 0 | 0 | 0 |
Allowance For Credit Losses, Net charge-offs | 1,307 | 5,155 | 141 | 2,419 |
Provision for Loan, Leases and Unfunded Loan Commitments | 10,000 | (88,000) | 10,000 | (136,000) |
Provision for credit losses | (10,000) | (72,000) | (12,000) | (125,000) |
Reserve for Unfunded Commitments, Provision (negative provision) | 20,000 | 16,000 | 22,000 | (11,000) |
Balance, end of period | 188,705 | 225,600 | 188,705 | 225,600 |
Reserve for Unfunded Loan Commitments, Balance, end of period | 95,071 | 74,571 | 95,071 | 74,571 |
Allowance for Credit Losses, Balance, end of period | $ 283,776 | $ 300,171 | $ 283,776 | $ 300,171 |
Loans and Leases - Narrative (D
Loans and Leases - Narrative (Details) | 3 Months Ended | 6 Months Ended | 22 Months Ended | |||||
Jun. 30, 2022 USD ($) contract | Jun. 30, 2021 USD ($) contract | Jun. 30, 2022 USD ($) contract | Jun. 30, 2021 USD ($) contract | Dec. 31, 2021 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | $ 78,527,000 | $ 56,803,000 | $ 78,527,000 | $ 56,803,000 | $ 61,174,000 | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | (8,700,000) | |||||||
Provision for credit losses | 10,000,000 | 72,000,000 | 12,000,000 | 125,000,000 | ||||
Gross loans and leases held for investment | 26,608,541,000 | 26,608,541,000 | 23,026,308,000 | |||||
Loans and Leases Receivable, Allowance | 188,705,000 | 225,600,000 | 188,705,000 | 225,600,000 | 200,564,000 | $ 197,398,000 | $ 292,445,000 | $ 348,181,000 |
Loans held for investment, net | $ 26,501,137,000 | $ 19,506,257,000 | $ 26,501,137,000 | $ 19,506,257,000 | 22,941,548,000 | |||
Number of loans | contract | 12 | 28 | 28 | 45 | ||||
Pre-Modification Outstanding Recorded Investment | $ 3,613,000 | $ 18,974,000 | $ 4,991,000 | $ 54,754,000 | ||||
Real Estate Mortgage | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 56,053,000 | 38,198,000 | 56,053,000 | 38,198,000 | 39,832,000 | |||
Provision for credit losses | 1,195,000 | 38,725,000 | 12,528,000 | 36,122,000 | ||||
Gross loans and leases held for investment | 13,570,353,000 | 13,570,353,000 | 11,189,278,000 | |||||
Loans and Leases Receivable, Allowance | 85,287,000 | 107,013,000 | 85,287,000 | 107,013,000 | 98,053,000 | 86,715,000 | 141,122,000 | 138,342,000 |
Loans held for investment, net | 13,549,646,000 | 8,413,020,000 | 13,549,646,000 | 8,413,020,000 | 11,178,720,000 | |||
Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 8,964,000 | 16,027,000 | 8,964,000 | 16,027,000 | 16,213,000 | |||
Provision for credit losses | 4,904,000 | 21,771,000 | 4,532,000 | 67,581,000 | ||||
Gross loans and leases held for investment | 8,494,614,000 | 8,494,614,000 | 7,888,068,000 | |||||
Loans and Leases Receivable, Allowance | 54,031,000 | 57,697,000 | 54,031,000 | 57,697,000 | 48,718,000 | $ 57,056,000 | $ 78,716,000 | $ 126,403,000 |
Loans held for investment, net | 8,476,806,000 | $ 7,222,244,000 | 8,476,806,000 | $ 7,222,244,000 | 7,868,051,000 | |||
Residential Real Estate [Member] | Real Estate Mortgage | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | $ 27,524,000 | $ 27,524,000 | 12,292,000 | |||||
Number of Loans | 1 | 1 | ||||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 104,000 | $ 104,000 | ||||||
Loans held for investment, net | $ 9,879,131,000 | $ 9,879,131,000 | 7,416,421,000 | |||||
Number of loans | contract | 1 | 0 | 2 | 2 | ||||
Pre-Modification Outstanding Recorded Investment | $ 208,000 | $ 0 | $ 512,000 | $ 266,000 | ||||
Finance Receivable, Payroll Protection Program Loan [Member] | Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans held for investment, net | 33,000,000 | 33,000,000 | ||||||
Credit Concentration Risk | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 19,500,000 | $ 19,500,000 | ||||||
Credit Concentration Risk | Nonaccrual Loans And Leases Benchmark | Fair Value, Concentration of Risk, All Financial Instruments | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Percentage of nonaccrual loans and leases | 25% | |||||||
Nonaccrual | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Receivable, 90 or more days past due | 38,100,000 | $ 38,100,000 | 18,500,000 | |||||
Receivable, 30-89 days past due | 15,800,000 | 15,800,000 | 6,300,000 | |||||
Financing receivable, nonaccrual status, current | $ 24,700,000 | $ 24,700,000 | 36,400,000 | |||||
Payment Protection Program 2020 to 2021 | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Proceeds from Loan Originations | 1,650,000,000 | |||||||
Other Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Number of Loans | contract | 2 | 2 | 2 | 2 | ||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 110,000 | $ 134,000 | $ 110,000 | $ 134,000 | ||||
Other Commercial | Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 4,655,000 | 4,655,000 | 11,950,000 | |||||
Loans held for investment, net | $ 1,229,504,000 | $ 1,229,504,000 | 1,471,981,000 | |||||
Number of loans | contract | 6 | 25 | 19 | 35 | ||||
Pre-Modification Outstanding Recorded Investment | $ 57,000 | $ 16,358,000 | $ 1,131,000 | $ 48,608,000 | ||||
Venture Capital Loans | Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 3,120,000 | 3,120,000 | 2,799,000 | |||||
Loans held for investment, net | $ 2,179,190,000 | $ 2,179,190,000 | 2,320,593,000 | |||||
Number of loans | contract | 4 | 1 | 5 | 3 | ||||
Pre-Modification Outstanding Recorded Investment | $ 3,330,000 | $ 2,408,000 | $ 3,330,000 | $ 4,502,000 | ||||
Asset-based | Commercial | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Nonaccrual loans and leases | 1,189,000 | 1,189,000 | 1,464,000 | |||||
Loans held for investment, net | $ 5,068,112,000 | $ 5,068,112,000 | $ 4,075,477,000 | |||||
Number of loans | contract | 0 | 1 | ||||||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 503,000 |
Foreclosed Assets - Summary of
Foreclosed Assets - Summary of Foreclosed Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Other Real Estate Owned Net | $ 0 | $ 12,594 |
Other foreclosed assets | 0 | 249 |
Foreclosed assets, net | 0 | 12,843 |
Commercial real estate | ||
Other Real Estate Owned Net | 0 | 12,594 |
Multifamily | ||
Other Real Estate Owned Net | $ 0 | $ 0 |
Foreclosed Assets - Changes in
Foreclosed Assets - Changes in Foreclosed Assets (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract] | ||
Balance, beginning of period | $ 12,843 | |
Loans transferred to foreclosed assets | 304 | $ 647 |
Reductions related to sales | (13,147) | |
Balance, end of period | $ 0 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Rollforward of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Finite-lived Intangible Assets [Roll Forward] | ||||
CDI and CRI Balance, beginning of period | $ 133,850 | $ 100,550 | $ 133,850 | $ 109,646 |
CDI and CRI Balance, end of period | 133,850 | 100,550 | 133,850 | 100,550 |
Finite-lived Intangible Assets Acquired | 0 | 0 | 0 | 750 |
Accumulated Amortization, beginning of period | (92,542) | (79,238) | (88,893) | (86,005) |
Amortization expense | (3,649) | (2,889) | (7,298) | (5,968) |
Accumulated Amortization, end of period | (96,191) | (82,127) | (96,191) | (82,127) |
Net CDI and CRI, end of period | 37,659 | 18,423 | 37,659 | 18,423 |
Finite Lived Intangible Assets Fully Amortized Portion | $ 0 | $ 0 | $ 0 | $ 9,846 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Jun. 30, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Aggregate amortization expense 2022 | $ 6,277 | |
Aggregate amortization expense 2023 | 9,085 | |
Aggregate amortization expense 2024 | 6,404 | |
Aggregate amortization expense 2025 | 4,087 | |
Aggregate amortization expense 2025 | 3,482 | |
Aggregate amortization expense, thereafter | 8,324 | |
Finite-Lived Intangible Assets, Net | $ 37,659 | $ 18,423 |
Other Assets (Details)
Other Assets (Details) - USD ($) $ in Thousands | 6 Months Ended | |||
Jun. 30, 2022 | Dec. 31, 2021 | |||
Other Assets [Abstract] | ||||
Cash surrender value of BOLI | $ 205,498 | $ 203,836 | ||
LIHTC investments | 300,448 | 297,746 | ||
Operating lease ROU assets, net (2) | [1] | 128,601 | 123,225 | |
Interest receivable | 128,960 | 120,329 | ||
Taxes receivable | 39,635 | 36,011 | ||
Equity investments without readily determinable fair values | 63,268 | 62,975 | ||
SBIC Investments | 57,337 | 46,861 | ||
Prepaid expenses | 26,816 | 27,632 | ||
Equity warrants | [2] | 4,001 | 3,555 | |
Equity investments with readily determinable fair values | 57 | 28,578 | ||
Other receivables/assets | 146,740 | 133,244 | ||
Other assets | 1,355,451 | 1,083,992 | ||
Deferred tax assets, net | $ 254,090 | [3] | 0 | |
Vesting period of time-based restricted stock, lower limit | 3 years | |||
Other Assets | ||||
Other Assets [Abstract] | ||||
Deferred Income Tax Liabilities, Net | 19,600 | |||
Other Assets [Line Items] | ||||
Deferred Income Tax Liabilities, Net | $ 19,600 | |||
[1]See Note 8. Leases for further details regarding the operating lease ROU assets. Derivatives for information regarding equity warrants. |
Leases Leases - Lease Expense (
Leases Leases - Lease Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Lease, Cost [Abstract] | ||||
Operating Lease, Cost | $ 9,042 | $ 8,776 | $ 17,521 | $ 17,272 |
Variable Lease, Cost | 36 | 9 | 59 | 24 |
Short-term Lease, Cost | 379 | 429 | 743 | 685 |
Sublease Income | (1,077) | (1,084) | (2,153) | (2,183) |
Lease, Cost, Total | $ 8,380 | $ 8,130 | 16,170 | 15,798 |
Cash paid for amounts included in the measurement of lease liabilities: | ||||
Operating cash flows from operating leases | 17,574 | 18,450 | ||
ROU assets obtained in exchange for lease obligations: | ||||
Operating leases | $ 23,804 | $ 16,649 |
Leases - Supplemental Cash Flow
Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Leases [Abstract] | ||
Operating cash flows from operating leases | $ 17,574 | $ 18,450 |
Operating leases | $ 23,804 | $ 16,649 |
Leases - Supplemental Balance S
Leases - Supplemental Balance Sheet and Other Information (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Leases [Abstract] | ||
Finance Lease, Right-of-Use Asset | $ 128,601 | $ 123,225 |
Operating leases: | ||
Operating Lease, Liability | $ 149,905 | $ 142,117 |
Weighted average remaining lease term (in years) | 5 years 10 months 24 days | 5 years 7 months 6 days |
Weighted average discount rate | 2.28% | 2.23% |
Leases - Maturities of Operatin
Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] | ||
2022 | $ 18,808 | |
2023 | 35,920 | |
2024 | 28,731 | |
2025 | 21,902 | |
2026 | 16,817 | |
Thereafter | 38,902 | |
Total operating lease liabilities | 161,080 | |
Less: Imputed interest | (11,175) | |
Present value of operating lease liabilities | $ 149,905 | $ 142,117 |
Leases Leases - Schedule of Pay
Leases Leases - Schedule of Payments to be Received on Operating Leases (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract] | |
2022 | $ 22,902 |
2023 | 40,722 |
2024 | 36,156 |
2025 | 27,659 |
2026 | 21,901 |
Thereafter | 44,456 |
Total undiscounted cash flows | $ 193,796 |
Leases - Narrative (Details)
Leases - Narrative (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Leases [Abstract] | ||
Operating Lease, Impairment Loss | $ 0 | $ 0 |
Borrowings and Subordinated D_3
Borrowings and Subordinated Debentures - Summary of Borrowings and Debentures (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Debt Instrument [Line Items] | ||
Borrowings | $ 1,592,000 | $ 0 |
Rate | 1.59% | 0% |
AFX short-term borrowings | ||
Debt Instrument [Line Items] | ||
Line of Credit, Current | $ 250,000 | |
Balance | $ 250,000 | $ 0 |
Rate | 1.70% | 0% |
Federal Home Loan Bank of San Francisco | FHLB secured advances | ||
Debt Instrument [Line Items] | ||
Line of Credit, Current | $ 1,230,000 | $ 0 |
Rate | 1.57% | 0% |
Federal Home Loan Bank of San Francisco | FHLB unsecured overnight advance | ||
Debt Instrument [Line Items] | ||
Line of Credit, Current | $ 112,000 | $ 0 |
Rate | 1.61% | 0% |
Borrowings and Subordinated D_4
Borrowings and Subordinated Debentures - Subordinated Debentures (Details) $ in Thousands, € in Millions | 6 Months Ended | |||||
Jun. 30, 2022 USD ($) | Jun. 30, 2022 EUR (€) | Dec. 31, 2021 USD ($) | ||||
Subordinated Borrowing [Line Items] | ||||||
Subordinated Debentures, Gross | $ 933,692 | $ 935,728 | ||||
Subordinated debt | $ 863,756 | $ 863,283 | ||||
Rate | 1.59% | 1.59% | 0% | |||
Debt Issuance Costs, Gross | $ (5,100) | |||||
Trust Preferred Securities Two Thousand Six Series Three | ||||||
Subordinated Borrowing [Line Items] | ||||||
Denomination value | € | € 25.8 | |||||
Subordinated notes due May 2031 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 2.52% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust V Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 3.10% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust VI Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 3.05% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust CII Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 2.95% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust VII Due April 2034 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 2.75% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust CIII Due September 2035 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.69% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust FCCI Due March 2037 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.60% | |||||
London Interbank Offered Rate (LIBOR) | Subordinated Debt Trust FCBI Due December 2035 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.55% | |||||
London Interbank Offered Rate (LIBOR) | Trust Preferred Securities Two Thousand Five Series One | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Trust Preferred Securities Two Thousand Five Series Two | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Two Thousand Six One Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Two Thousand Six Two Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Trust Preferred Securities Two Thousand Six Series Four | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Trust Preferred Securities Two Thousand Six Series Five | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
London Interbank Offered Rate (LIBOR) | Two Thousand Seven One Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 1.95% | |||||
Euribor Rate | Trust Preferred Securities Two Thousand Six Series Three | ||||||
Subordinated Borrowing [Line Items] | ||||||
Rate Index (Quarterly Reset) | 2.05% | |||||
Subordinated Debentures | ||||||
Subordinated Borrowing [Line Items] | ||||||
Unamortized discount | [1] | $ (69,936) | $ (72,445) | |||
Rate | 3.36% | [2] | 3.36% | [2] | 2.64% | |
Subordinated Debentures | Subordinated Debt Trust V Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 10,310 | $ 10,310 | ||||
Rate | 5.13% | [2] | 5.13% | [2] | 3.32% | |
Subordinated Debentures | Subordinated Debt Trust VI Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 10,310 | $ 10,310 | ||||
Rate | 4.88% | [2] | 4.88% | [2] | 3.25% | |
Subordinated Debentures | Subordinated Debt Trust CII Due September 2033 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 5,155 | $ 5,155 | ||||
Rate | 4.98% | [2] | 4.98% | [2] | 3.17% | |
Subordinated Debentures | Subordinated Debt Trust VII Due April 2034 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 61,856 | $ 61,856 | ||||
Rate | 4.04% | [2] | 4.04% | [2] | 2.88% | |
Subordinated Debentures | Subordinated Debt Trust CIII Due September 2035 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 20,619 | $ 20,619 | ||||
Rate | 3.52% | [2] | 3.52% | [2] | 1.89% | |
Subordinated Debentures | Subordinated Debt Trust FCCI Due March 2037 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 16,495 | $ 16,495 | ||||
Rate | 3.43% | [2] | 3.43% | [2] | 1.80% | |
Subordinated Debentures | Subordinated Debt Trust FCBI Due December 2035 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 10,310 | $ 10,310 | ||||
Rate | 3.38% | [2] | 3.38% | [2] | 1.75% | |
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series One | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 82,475 | $ 82,475 | ||||
Rate | 3.78% | [2] | 3.78% | [2] | 2.15% | |
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series Two | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 128,866 | $ 128,866 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Two Thousand Six One Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 51,545 | $ 51,545 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Two Thousand Six Two Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 51,550 | $ 51,550 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Three | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | [3] | $ 27,022 | $ 29,306 | |||
Rate | 1.61% | [2] | 1.61% | [2] | 1.49% | |
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Four | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 16,470 | $ 16,470 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Five | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 6,650 | $ 6,650 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Two Thousand Seven One Term Debt Securitization | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 39,177 | $ 39,177 | ||||
Rate | 3.24% | [2] | 3.24% | [2] | 2.08% | |
Subordinated Debentures | Subordinated notes due May 2031 | ||||||
Subordinated Borrowing [Line Items] | ||||||
Balance | $ 394,882 | [4] | $ 394,634 | |||
Rate | 3.25% | [2] | 3.25% | [2] | 3.25% | |
[1]Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions.(6) Interest rate will default to the last published or determined rate of LIBOR, and for Trust CS 2006-4, the Base Rate, defined as the greater of Prime and the federal funds rate, upon cessation of LIBOR and effectively converting these instruments to fixed rate, if not modified prior to June 30, 2023.[2]Rates do not include the effects of discounts and issuance costs.[3]Denomination is in Euros with a value of €25.8 million.[4]Net of unamortized issuance costs of $5.1 million. |
Borrowings and Subordinated D_5
Borrowings and Subordinated Debentures - Narrative (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Unused Lines of Credit | ||
Debt Instrument [Line Items] | ||
Amount outstanding | $ 0 | $ 0 |
Current borrowing capacity | 180,000,000 | |
Unused commitment fees | 0 | |
AFX short-term borrowings | ||
Debt Instrument [Line Items] | ||
Current outstanding | 250,000,000 | |
Amount outstanding | 250,000,000 | 0 |
Federal Reserve Bank Advances | ||
Debt Instrument [Line Items] | ||
Loans pledged as collateral | 3,000,000,000 | |
Amount outstanding | 0 | 0 |
Federal Reserve Bank Advances | FHLB secured advances | ||
Debt Instrument [Line Items] | ||
Borrowing capacity description | 2,400,000,000 | |
Federal Home Loan Bank of San Francisco | ||
Debt Instrument [Line Items] | ||
Loans pledged as collateral | 5,700,000,000 | |
Federal Home Loan Bank of San Francisco | Maturity Overnight [Member] | ||
Debt Instrument [Line Items] | ||
Current outstanding | 1,000,000,000 | |
Federal Home Loan Bank of San Francisco | Short-term Debt | ||
Debt Instrument [Line Items] | ||
Current outstanding | 200,000,000 | |
Federal Home Loan Bank of San Francisco | FHLB secured advances | ||
Debt Instrument [Line Items] | ||
Borrowing capacity description | 5,400,000,000 | |
Current outstanding | 1,230,000,000 | 0 |
Federal Home Loan Bank of San Francisco | FHLB unsecured overnight advance | ||
Debt Instrument [Line Items] | ||
Current outstanding | 112,000,000 | $ 0 |
Federal Home Loan Bank of San Francisco | Unused Lines of Credit | ||
Debt Instrument [Line Items] | ||
Borrowing capacity description | $ 112,000,000 |
Derivatives (Details)
Derivatives (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | $ 133,608 | $ 134,472 |
Derivative assets | 8,830 | 6,064 |
Interest rate contracts | Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 86,533 | 87,470 |
Derivative assets | 4,198 | 992 |
Interest rate contracts | Liability | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 86,533 | 87,470 |
Derivative liabilities | 4,008 | 931 |
Foreign exchange contracts | Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 28,463 | 28,463 |
Derivative assets | 631 | 1,517 |
Foreign exchange contracts | Liability | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 28,463 | 28,463 |
Derivative liabilities | 0 | 0 |
Interest rate and economic contracts | Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 114,996 | 115,933 |
Derivative assets | 4,829 | 2,509 |
Interest rate and economic contracts | Liability | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 114,996 | 115,933 |
Derivative liabilities | 4,008 | 931 |
Equity warrant assets | Assets | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional amount | 18,612 | 18,539 |
Derivative assets | $ 4,001 | $ 3,555 |
Commitments and Contingencies -
Commitments and Contingencies - Summary of Commitments (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Commitments and Contingencies Disclosure [Abstract] | ||
Loan commitments to extend credit | $ 11,866,437 | $ 9,006,350 |
Standby letters of credit | 328,143 | 345,769 |
Total | $ 12,194,580 | $ 9,352,119 |
Commitments and Contingencies_2
Commitments and Contingencies - Years In Which Commitments are Expected to be Paid (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
Other Commitments [Line Items] | |
Commitments to contribute capital to small business investment companies and CRA-related loan pools | $ 80,403 |
2022 | |
Other Commitments [Line Items] | |
Commitments to contribute capital to small business investment companies and CRA-related loan pools | 35,761 |
2023 | |
Other Commitments [Line Items] | |
Commitments to contribute capital to small business investment companies and CRA-related loan pools | 39,084 |
2024 | |
Other Commitments [Line Items] | |
Commitments to contribute capital to small business investment companies and CRA-related loan pools | $ 5,558 |
Commitments and Contingencies_3
Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitment to contribute capital | $ 80.4 | $ 85.9 |
Fair Value Measurements - Narra
Fair Value Measurements - Narrative (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
SBIC Investments | $ 57,337,000 | $ 46,861,000 |
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount | 4,600,000 | |
Warrant | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 | $ (9,000) |
Fair Value Measurements - Asset
Fair Value Measurements - Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities, FV-NI | $ 57 | $ 28,578 |
Securities available-for-sale, at fair value | 6,780,648 | 10,694,458 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity warrants | 3,555 | |
Agency residential CMOs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 803,309 | 1,038,134 |
Private label residential CMOs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 216,103 | 264,417 |
Collateralized loan obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 352,290 | 385,362 |
Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 700,605 | 2,315,968 |
Agency commercial MBS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 976,221 | 1,688,967 |
Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,647 | 129,547 |
SBA securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 23,727 | 29,644 |
Corporate debt securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 369,461 | 527,094 |
U.S. Treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 696,054 | 966,898 |
Private label commercial MBS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,516 | 450,217 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity warrants | 4,001 | 3,555 |
Interest rate and economic contracts | 4,829 | 2,509 |
Securities available-for-sale, at fair value | 6,780,648 | |
Fair Value, Measurements, Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity warrants | 0 | 0 |
Interest rate and economic contracts | 0 | 0 |
Equity Securities, FV-NI | 57 | 28,578 |
Securities available-for-sale, at fair value | 696,054 | 966,898 |
Fair Value, Measurements, Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity warrants | 0 | 0 |
Interest rate and economic contracts | 4,829 | 2,509 |
Equity Securities, FV-NI | 0 | 0 |
Securities available-for-sale, at fair value | 6,084,594 | 9,712,559 |
Fair Value, Measurements, Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity warrants | 4,001 | 3,555 |
Interest rate and economic contracts | 0 | 0 |
Equity Securities, FV-NI | 0 | 0 |
Securities available-for-sale, at fair value | 0 | 15,001 |
Fair Value, Measurements, Recurring | Government agency and government-sponsored enterprise pass through securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 2,577,715 | 2,898,210 |
Fair Value, Measurements, Recurring | Government agency and government-sponsored enterprise pass through securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Government agency and government-sponsored enterprise pass through securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 2,577,715 | 2,898,210 |
Fair Value, Measurements, Recurring | Government agency and government-sponsored enterprise pass through securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Agency residential CMOs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 803,309 | 1,038,134 |
Fair Value, Measurements, Recurring | Agency residential CMOs | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Agency residential CMOs | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 803,309 | 1,038,134 |
Fair Value, Measurements, Recurring | Agency residential CMOs | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Private label residential CMOs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 216,103 | 264,417 |
Fair Value, Measurements, Recurring | Private label residential CMOs | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Private label residential CMOs | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 216,103 | 264,417 |
Fair Value, Measurements, Recurring | Private label residential CMOs | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Collateralized loan obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 352,290 | 385,362 |
Fair Value, Measurements, Recurring | Collateralized loan obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Collateralized loan obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 352,290 | 385,362 |
Fair Value, Measurements, Recurring | Collateralized loan obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 700,605 | 2,315,968 |
Fair Value, Measurements, Recurring | Municipal securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Municipal securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 700,605 | 2,315,968 |
Fair Value, Measurements, Recurring | Municipal securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Agency commercial MBS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 976,221 | 1,688,967 |
Fair Value, Measurements, Recurring | Agency commercial MBS | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Agency commercial MBS | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 976,221 | 1,688,967 |
Fair Value, Measurements, Recurring | Agency commercial MBS | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,647 | 129,547 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,647 | 129,547 |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | SBA securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 23,727 | 29,644 |
Fair Value, Measurements, Recurring | SBA securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | SBA securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 23,727 | 29,644 |
Fair Value, Measurements, Recurring | SBA securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Corporate debt securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 369,461 | 527,094 |
Fair Value, Measurements, Recurring | Corporate debt securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Corporate debt securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 369,461 | 527,094 |
Fair Value, Measurements, Recurring | Corporate debt securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | U.S. Treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 696,054 | 966,898 |
Fair Value, Measurements, Recurring | U.S. Treasury securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 696,054 | 966,898 |
Fair Value, Measurements, Recurring | U.S. Treasury securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | U.S. Treasury securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Private label commercial MBS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,516 | 450,217 |
Fair Value, Measurements, Recurring | Private label commercial MBS | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Private label commercial MBS | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | 32,516 | 435,216 |
Fair Value, Measurements, Recurring | Private label commercial MBS | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale, at fair value | $ 0 | $ 15,001 |
Fair Value Measurements - Quant
Fair Value Measurements - Quantitative Inputs and Assumptions Used for Equity Warrants (Details) - Warrant - Fair Value, Measurements, Recurring - Level 3 | 6 Months Ended |
Jun. 30, 2022 | |
Weighted Average | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Equity Warrants, Measurement Input, Remaining Life | 3 years 1 month 2 days |
Minimum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Equity Warrants, Measurement Input, Remaining Life | 29 days |
Maximum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Equity Warrants, Measurement Input, Remaining Life | 4 years 11 months 23 days |
Measurement Input, Price Volatility | Weighted Average | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 0.289 |
Measurement Input, Price Volatility | Minimum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 0.252 |
Measurement Input, Price Volatility | Maximum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 1.413 |
Measurement Input, Risk Free Interest Rate | Weighted Average | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 0.029 |
Measurement Input, Risk Free Interest Rate | Minimum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 0.013 |
Measurement Input, Risk Free Interest Rate | Maximum | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Volatility | 0.030 |
Fair Value Measurements - Activ
Fair Value Measurements - Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Level 3 CMO [Roll Forward] | ||||
Unrealized net holding gains (losses) on securities available-for-sale arising during the period | $ (72,572,000) | $ 54,076,000 | $ (682,398,000) | $ (37,447,000) |
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount | $ (4,600,000) | |||
Discounted Cash Flow | ||||
Level 3 CMO [Roll Forward] | ||||
Financing Receivable, before Allowance for Credit Loss, Average Yield | 7.11% | |||
Level 3 | ||||
Level 3 CMO [Roll Forward] | ||||
Equity warrants, Balance, beginning of period | $ 3,555,000 | |||
Total included in earnings, Equity Warrants | 2,244,000 | |||
Total included in other comprehensive income | 0 | |||
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants | 392,000 | |||
Sales, Equity Warrants | (2,181,000) | |||
Net settlements, Equity Warrants | 0 | |||
Fair Value, Equity, Transfers to Level 1, Amount | 9,000 | |||
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount | 0 | |||
Fair Value, Measurements, Recurring | ||||
Level 3 CMO [Roll Forward] | ||||
Equity warrants, Balance, beginning of period | 3,555,000 | |||
Equity warrants, Balance, end of period | 4,001,000 | 4,001,000 | ||
Fair Value, Measurements, Recurring | Level 3 | ||||
Level 3 CMO [Roll Forward] | ||||
Equity warrants, Balance, beginning of period | 3,555,000 | |||
Equity warrants, Balance, end of period | 4,001,000 | 4,001,000 | ||
Asset-backed | Fair Value, Measurements, Recurring | Level 3 | ||||
Level 3 CMO [Roll Forward] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 15,001,000 | |||
Total included in earnings | (8,000) | |||
Total included in other comprehensive income | (156,000) | |||
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants | 0 | |||
Net settlements | (10,285,000) | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 0 | 0 | ||
Unrealized net holding gains (losses) on securities available-for-sale arising during the period | 0 | |||
Fair Value, Equity, Transfers to Level 1, Amount | 0 | |||
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount | (4,552,000) | |||
Warrant | ||||
Level 3 CMO [Roll Forward] | ||||
Fair value transfers of assets measured on a recurring basis | $ 9,000 |
Fair Value Measurements - Ass_2
Fair Value Measurements - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 23,501 | $ 30,882 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 13,760 | 2,915 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 9,741 | 27,967 |
Non Purchased Credit Impaired Loans and Leases | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 23,501 | 30,882 |
Non Purchased Credit Impaired Loans and Leases | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Non Purchased Credit Impaired Loans and Leases | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 13,760 | 2,915 |
Non Purchased Credit Impaired Loans and Leases | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 9,741 | $ 27,967 |
Fair Value Measurements - Losse
Fair Value Measurements - Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total losses | $ 1,569 | $ 1,951 | $ 1,584 | $ 2,667 |
Non Purchased Credit Impaired Loans and Leases | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total losses | 1,569 | 1,951 | 1,584 | 2,653 |
Other real estate and foreclosed assets | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total losses | $ 0 | $ 0 | $ 0 | $ 14 |
Fair Value Measurements - Fair
Fair Value Measurements - Fair Value Measurements - Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 23,501 | $ 30,882 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 9,741 | 27,967 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 13,760 | 2,915 |
Non Purchased Credit Impaired Loans and Leases | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 23,501 | 30,882 |
Non Purchased Credit Impaired Loans and Leases | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 9,741 | 27,967 |
Non Purchased Credit Impaired Loans and Leases | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 13,760 | $ 2,915 |
Discount Rates | Discounted Cash Flow | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 7,103 | |
No Discounts | Third party appraisals | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 2,638 | |
Measurement Input, Discount Rate | Minimum | Discounted Cash Flow | Non Purchased Credit Impaired Loans and Leases | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rates | 0.0550 | |
Measurement Input, Discount Rate | Maximum | Discounted Cash Flow | Non Purchased Credit Impaired Loans and Leases | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rates | 0.0925 |
Fair Value Measurements - Carry
Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Certain Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Cash and due from banks | $ 197,027 | $ 112,548 | |||
Interest-earning deposits in financial institutions | 2,192,877 | 3,944,686 | |||
Securities available-for-sale, Carrying Amount | 6,780,648 | ||||
Investment in FHLB stock, Carrying Amount | 33,210 | 17,250 | |||
Investment in FHLB stock, Fair Value | 33,210 | 17,250 | |||
Securities held-to-maturity, at amortized cost, net of allowance for credit losses | 2,260,367 | [1] | 0 | ||
Loans and leases, net | [2] | 26,312,432 | 22,740,984 | ||
Loans and leases held for investment, net | 24,639,943 | ||||
Warrants and Rights Outstanding | 3,555 | ||||
Other derivative assets, Carrying Amount | 4,829 | 2,509 | $ 4,001 | ||
Equity Securities, FV-NI | 57 | 28,578 | |||
Servicing rights | 839 | 1,228 | |||
Demand, interest checking, money market, and savings deposits | 29,218,646 | 32,734,949 | |||
Interest-bearing Domestic Deposit, Brokered | 2,185,248 | 889,976 | |||
Time deposits | 2,564,258 | 1,372,832 | |||
Time deposits | 2,542,229 | 1,371,527 | |||
Borrowings | 1,592,000 | 0 | |||
Borrowings | 1,591,920 | 0 | |||
Subordinated debt | 863,756 | 863,283 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 880,648 | 917,342 | |||
Derivative Liability | 4,008 | 931 | |||
Debt Securities, Held-to-maturity, Fair Value | [1] | 2,209,759 | |||
Level 1 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Cash and due from banks | 197,027 | 112,548 | |||
Interest-earning deposits in financial institutions | 2,192,877 | 3,944,686 | |||
Investment in FHLB stock, Fair Value | 0 | 0 | |||
Demand, interest checking, money market, and savings deposits | 0 | 0 | |||
Interest-bearing Domestic Deposit, Brokered | 0 | 0 | |||
Time deposits | 0 | 0 | |||
Borrowings | 1,392,000 | 0 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | |||
Level 2 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Cash and due from banks | 0 | 0 | |||
Interest-earning deposits in financial institutions | 0 | 0 | |||
Investment in FHLB stock, Fair Value | 33,210 | 17,250 | |||
Demand, interest checking, money market, and savings deposits | 29,218,646 | 32,734,949 | |||
Interest-bearing Domestic Deposit, Brokered | 2,185,248 | 889,976 | |||
Time deposits | 2,542,229 | 1,371,527 | |||
Borrowings | 199,920 | 0 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 880,648 | 917,342 | |||
Level 3 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Cash and due from banks | 0 | 0 | |||
Interest-earning deposits in financial institutions | 0 | 0 | |||
Investment in FHLB stock, Fair Value | 0 | 0 | |||
Loans and leases held for investment, net | 24,626,183 | ||||
Equity warrants | 3,555 | ||||
Demand, interest checking, money market, and savings deposits | 0 | 0 | |||
Interest-bearing Domestic Deposit, Brokered | 0 | 0 | |||
Time deposits | 0 | 0 | |||
Borrowings | 0 | 0 | |||
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | |||
Fair Value, Measurements, Recurring | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Equity warrants | 4,001 | 3,555 | |||
Other derivative assets, Fair Value | 4,829 | 2,509 | |||
Derivative liabilities | 4,008 | 931 | |||
Fair Value, Measurements, Recurring | Level 1 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Equity warrants | 0 | 0 | |||
Other derivative assets, Fair Value | 0 | 0 | |||
Equity Securities, FV-NI | 57 | 28,578 | |||
Servicing rights | 0 | 0 | |||
Derivative liabilities | 0 | 0 | |||
Debt Securities, Held-to-maturity, Fair Value | 180,896 | ||||
Fair Value, Measurements, Recurring | Level 2 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Equity warrants | 0 | 0 | |||
Other derivative assets, Fair Value | 4,829 | 2,509 | |||
Equity Securities, FV-NI | 0 | 0 | |||
Servicing rights | 0 | 0 | |||
Derivative liabilities | 4,008 | 931 | |||
Debt Securities, Held-to-maturity, Fair Value | 2,028,863 | ||||
Fair Value, Measurements, Recurring | Level 3 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Equity warrants | 4,001 | 3,555 | |||
Other derivative assets, Fair Value | 0 | 0 | |||
Equity Securities, FV-NI | 0 | 0 | |||
Servicing rights | 839 | 1,228 | |||
Derivative liabilities | 0 | 0 | |||
Debt Securities, Held-to-maturity, Fair Value | 0 | ||||
NonPCI and PCI Loans | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Loans and leases held for investment, net | 23,461,156 | ||||
NonPCI and PCI Loans | Level 1 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Loans and leases held for investment, net | 0 | 0 | |||
NonPCI and PCI Loans | Level 2 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Loans and leases held for investment, net | $ 13,760 | 2,915 | |||
NonPCI and PCI Loans | Level 3 | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Loans and leases held for investment, net | $ 23,458,241 | ||||
[1]Excludes accrued interest receivable of $13.7 million at June 30, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets[2]Excludes accrued interest receivable of $88.9 million and $80.3 million at June 30, 2022 and December 31, 2021, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets. |
Earnings (Loss) Per Share (Deta
Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |||
Earnings Per Share [Abstract] | ||||||
Net earnings from continuing operations | $ 122,360 | $ 180,512 | $ 242,488 | $ 330,918 | ||
Less: Earnings allocated to unvested restricted stock | (2,351) | [1] | (3,172) | [1] | (4,389) | (5,495) |
Net earnings allocated to common shares | $ 120,009 | $ 177,340 | $ 238,099 | $ 325,423 | ||
Weighted-average basic shares and unvested restricted stock outstanding (shares) | 120,022 | 119,386 | 119,810 | 119,121 | ||
Weighted-average unvested restricted stock outstanding (shares) | (2,460) | (2,356) | (2,354) | (2,181) | ||
Weighted-average basic shares outstanding (shares) | 117,562 | 117,030 | 117,456 | 116,940 | ||
Basic net income per share (usd per share) | $ 1.02 | $ 1.52 | $ 2.03 | $ 2.78 | ||
Net earnings from continuing operations allocated to common shares | $ 120,009 | $ 177,340 | $ 238,099 | $ 325,423 | ||
Diluted net income per share (usd per share) | $ 1.02 | $ 1.52 | $ 2.03 | $ 2.78 | ||
[1]Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Revenue From Contracts With C_3
Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Disaggregation of Revenue [Line Items] | ||||
Total interest income | $ 350,518 | $ 280,505 | $ 673,422 | $ 553,842 |
Service charges on deposit accounts | 3,634 | 3,452 | 7,205 | 6,386 |
Other commissions and fees | 10,813 | 10,704 | 22,393 | 19,862 |
Leased equipment income | 12,335 | 10,847 | 25,429 | 22,201 |
Gain on sale of loans and leases | 12 | 1,422 | 72 | 1,561 |
Net realized (losses) gains | (1,209) | 0 | (1,105) | 101 |
Other income | 3,049 | 2,902 | 6,204 | 7,018 |
Total noninterest income | 34,346 | 40,371 | 55,164 | 85,200 |
Revenues | 384,864 | 320,876 | 728,586 | 639,042 |
Service charges on deposit accounts | 7,700 | 6,449 | 15,042 | 12,420 |
Dividends and Gains (Losses) on Equity Investments | 4,097 | 5,394 | (7,278) | 16,298 |
Warrant income | 1,615 | 5,650 | 2,244 | 11,773 |
Interest Income | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 0 | 0 | 0 | 0 |
Service charges on deposit accounts | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 3,634 | 3,452 | 7,205 | 6,386 |
Other commissions and fees | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 4,001 | 2,603 | 7,774 | 5,460 |
Leased equipment income | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 0 | 0 | 0 | 0 |
Gain on sale of loans | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 0 | 0 | 0 | 0 |
Gain on sale of securities | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 0 | 0 | 0 | 0 |
Other income | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 65 | 394 | 63 | 574 |
Noninterest Income | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 7,700 | 6,449 | 15,042 | 12,420 |
Dividends and Gains (Losses) on Equity Investments | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | 0 | 0 | 0 | 0 |
Warranty Income | ||||
Disaggregation of Revenue [Line Items] | ||||
Service charges on deposit accounts | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue From Contracts With C_4
Revenue From Contracts With Customers - Disaggregation of Revenue Based on Timing of Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Revenue From Contracts With Customers [Abstract] | ||||
Products and services transferred at a point in time | $ 3,771 | $ 3,068 | $ 7,697 | $ 6,065 |
Products and services transferred over time | 3,929 | 3,381 | 7,345 | 6,355 |
Total revenue from contracts with customers | $ 7,700 | $ 6,449 | $ 15,042 | $ 12,420 |
Revenue From Contracts With C_5
Revenue From Contracts With Customers - Contract Balances (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Statement of Financial Position [Abstract] | ||
Receivables, which are included in "Other assets" | $ 1,406 | $ 1,066 |
Contract liabilities, which are included in "Accrued interest payable and other liabilities" | $ 163 | $ 229 |
Revenue From Contracts With C_6
Revenue From Contracts With Customers - Narrative (Details) | Dec. 31, 2021 USD ($) |
Revenue From Contracts With Customers [Abstract] | |
Contract with Customer, Liability | $ 66,000 |
Stockholders' Equity - Narrativ
Stockholders' Equity - Narrative (Details) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 USD ($) | Jun. 06, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Restricted Stock Amortization | $ | $ 9,000,000 | $ 8,200,000 | $ 16,500,000 | $ 14,600,000 | ||
Unvested restricted shares (shares) | shares | 2,516,279 | 2,516,279 | 2,312,080 | |||
Vesting period of time-based restricted stock, lower limit | 3 years | |||||
Preferred stock issued (shares) | shares | 20,530,000 | |||||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 1,000 | |||||
Preferred Stock Depository Share | $ | $ 25 | $ 25 | ||||
Payments of Stock Issuance Costs | $ | $ 14,700,000 | |||||
Preferred stock par value (usd per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | |||
Preferred stock ($0.01 par value; 5,000,000 shares authorized; 513,250 Series A shares, | $ | $ 498,516,000 | $ 498,516,000 | $ 513,300,000 | $ 0 | ||
Stock Issued During Period, Value, New Issues | $ | $ 498,516,000 | |||||
1/40th Ownership Interest | 0.025 | |||||
Preferred Class A | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Investment Interest Rate | 7.75% | |||||
Maximum | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting period of time-based restricted stock, higher limit | 4 years | |||||
Performance Shares | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Unvested restricted shares (shares) | shares | 505,647 | 505,647 | ||||
Vesting term | 3 years | |||||
Performance Shares | Minimum | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting percentage | 0% | |||||
Performance Shares, One | Maximum | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting percentage | 150% | |||||
Performance Shares, Two | Maximum | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting percentage | 200% | |||||
PacWest 2017 Stock Incentive Plan [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Number of shares available for grant (shares) | shares | 2,083,271 | 2,083,271 | ||||
Unrecognized share based compensation expense | $ | $ 82,300,000 | $ 82,300,000 | ||||
PacWest 2017 Stock Incentive Plan [Member] | Time-Based Restricted Stock Awards | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Unvested restricted shares (shares) | shares | 2,516,279 | 2,516,279 | ||||
PacWest 2017 Revised Stock Incentive Plan | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Number of shares authorized (shares) | shares | 6,650,000 | 6,650,000 |
Related Party Disclosures (Deta
Related Party Disclosures (Details Textuals) - Residential Mortgage $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) | |
Related Party Transactions [Abstract] | |
Payments to Acquire Receivables | $ 133,100 |
Related Party Transaction [Line Items] | |
Payments to Acquire Receivables | $ 133,100 |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | 3 Months Ended | |||
Aug. 01, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | |
Subsequent Event [Line Items] | ||||
Dividends declared per share (usd per share) | $ 0.25 | $ 0.25 | $ 0.25 | |
Subsequent Event | Dividend Declared | ||||
Subsequent Event [Line Items] | ||||
Dividends declared per share (usd per share) | $ 0.25 | |||
Preferred Stock, Dividends Per Share, Declared | $ 0.4575 |
Uncategorized Items - pacw-2022
Label | Element | Value |
Civic Acquisition [Member] | ||
Business Combination, Cash Consideration | pacw_BusinessCombinationCashConsideration | $ 160,420,000 |
Liabilities | us-gaap_Liabilities | 147,577,000 |
Civic [Member] | ||
Assets | us-gaap_Assets | $ 307,997,000 |