Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2020 | Apr. 27, 2020 | |
Entity Information [Line Items] | ||
Entity Address, Address Line One | One E. Washington Street, Suite 1400 | |
Entity Incorporation, State or Country Code | DE | |
Document Quarterly Report | true | |
Document Type | 10-Q | |
Amendment Flag | false | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Document Period End Date | Mar. 31, 2020 | |
Entity File Number | 001-32550 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | WESTERN ALLIANCE BANCORPORATION | |
City Area Code | 602 | |
Local Phone Number | 389-3500 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Shell Company | true | |
Entity Central Index Key | 0001212545 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 100,851,015 | |
Document Transition Report | false | |
Entity Tax Identification Number | 88-0365922 | |
Entity Address, City or Town | Phoenix | |
Entity Address, State or Province | AZ | |
Entity Address, Postal Zip Code | 85004 | |
Common Stock [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | Common Stock, $0.0001 Par Value | |
Trading Symbol | WAL | |
Security Exchange Name | NYSE | |
Subordinated Debt [Member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | 6.25% Subordinated Debentures due 2056 | |
Trading Symbol | WALA | |
Security Exchange Name | NYSE |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Assets: | ||
Cash and due from banks | $ 152,368 | $ 185,977 |
Interest-bearing deposits in other financial institutions | 263,342 | 248,619 |
Cash, cash equivalents, and restricted cash | 415,710 | 434,596 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 483,775 | 485,107 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (2,981) | 0 |
Debt Securities, Held-to-maturity, Net | 480,794 | 485,107 |
Investment securities - equity | 131,158 | 138,701 |
Investments in restricted stock, at cost | 66,709 | 66,509 |
Loans Receivable Held-for-sale, Amount | 20,873 | 21,803 |
Loans: | ||
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 |
Less: Allowance for credit losses | (235,329) | (167,797) |
Net loans held for investment | 22,909,939 | 20,933,696 |
Premises and equipment, net | 125,889 | 125,838 |
Operating Lease, Right-of-Use Asset | 72,338 | 72,558 |
Bank owned life insurance | 175,007 | 174,046 |
Goodwill and intangible assets, net | 297,234 | 297,608 |
Deferred tax assets, net | 27,518 | 18,025 |
Investments in LIHTC and renewable energy | 416,272 | 409,365 |
Other assets | 342,135 | 297,786 |
Total assets | 29,158,227 | 26,821,948 |
Deposits: | ||
Non-interest-bearing demand | 9,886,528 | 8,537,905 |
Interest-bearing | 14,944,153 | 14,258,588 |
Total deposits | 24,830,681 | 22,796,493 |
Customer repurchase agreements | 22,980 | 16,675 |
Other borrowings | 308,000 | 0 |
Qualifying debt | 389,893 | 393,563 |
Operating Lease, Liability | 78,733 | 78,112 |
Other liabilities | 528,307 | 520,357 |
Total liabilities | 26,158,594 | 23,805,200 |
Commitments and Contingencies | ||
Stockholders’ equity: | ||
Common stock - par value $0.0001; 200,000,000 authorized; 103,296,003 shares issued at March 31, 2020 and 104,527,544 at December 31, 2019 | 10 | 10 |
Treasury stock, at cost (2,142,984 shares at March 31, 2020 and 2,003,873 shares at December 31, 2019) | (70,186) | (62,728) |
Additional paid in capital | 1,370,544 | 1,374,141 |
Accumulated other comprehensive income | 37,497 | 25,008 |
Retained earnings | 1,661,768 | 1,680,317 |
Total stockholders’ equity | 2,999,633 | 3,016,748 |
Total liabilities and stockholders’ equity | $ 29,158,227 | $ 26,821,948 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale, Amortized Cost | $ 3,640,109 | $ 3,317,928 |
Debt Securities, Held-to-maturity, Fair Value | $ 530,062 | $ 516,261 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 103,296,003 | 104,527,544 |
Common stock, shares outstanding | 101,153,019 | 102,523,671 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Interest income: | ||
Loans, including fees | $ 276,886 | $ 258,818 |
Investment securities | 26,300 | 28,178 |
Dividends | 1,615 | 1,633 |
Other | 2,415 | 2,539 |
Total interest income | 307,216 | 291,168 |
Interest expense: | ||
Deposits | 32,516 | 35,788 |
Other borrowings | 35 | 1,277 |
Qualifying debt | 5,249 | 6,105 |
Other | 396 | 662 |
Total interest expense | 38,196 | 43,832 |
Net interest income | 269,020 | 247,336 |
Provision for credit losses | 51,176 | 4,536 |
Net interest income after provision for credit losses | 217,844 | 242,800 |
Non-interest income: | ||
Service charges and fees | 6,404 | 5,412 |
Income from equity instruments | 3,766 | 2,009 |
Card Income | 1,717 | 1,841 |
Foreign currency income | 1,328 | 1,095 |
Income from bank owned life insurance | 962 | 981 |
Lending related income and gains (losses) on sale of loans, net | 648 | 251 |
Sales of investment securities | 72 | 0 |
Unrealized gains (losses) on assets measured at fair value, net | (11,300) | 2,834 |
Other income | 1,512 | 987 |
Total non-interest income | 5,109 | 15,410 |
Non-interest expense: | ||
Salaries and employee benefits | 72,064 | 68,556 |
Legal, professional, and directors' fees | 7,338 | 5,724 |
Data processing | 8,225 | 8,227 |
Occupancy | 10,402 | 7,532 |
Deposit costs | 8,603 | 6,675 |
Insurance | 2,998 | 2,809 |
Business development | 1,462 | 2,006 |
Loan and repossessed asset expenses | 2,281 | 2,085 |
Marketing | 904 | 741 |
Card expense | 743 | 634 |
Intangible amortization | 373 | 387 |
Net (gain) loss on sales / valuations of repossessed and other assets | (1,452) | 97 |
Other expense | 6,540 | 6,405 |
Total non-interest expense | 120,481 | 111,878 |
Income before provision for income taxes | 102,472 | 146,332 |
Income tax expense | 18,508 | 25,536 |
Net income | $ 83,964 | $ 120,796 |
Earnings per share: | ||
Basic | $ 0.83 | $ 1.16 |
Diluted | $ 0.83 | $ 1.16 |
Weighted average number of common shares outstanding: | ||
Basic | 101,328 | 104,033 |
Diluted | 101,675 | 104,475 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 83,964 | $ 120,796 |
Other comprehensive income (loss), net: | ||
Unrealized gain (loss) on AFS securities, net of tax effect of $(1,954) and $(10,222), respectively | 6,276 | 31,377 |
Unrealized (loss) gain on SERP, net of tax effect of $92 and $6, respectively | (290) | (18) |
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(2,138) and $1,934, respectively | 6,557 | (5,928) |
Realized (gain) loss on sale of AFS securities included in income, net of tax effect of $18 and $0, respectively | (54) | 0 |
Net other comprehensive income | 12,489 | 25,431 |
Comprehensive income | $ 96,453 | $ 146,227 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | ||
Unrealized gain on securities available-for-sale securities, tax | $ 1,954 | $ 10,222 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax | 92 | 6 |
Unrealized (loss) gain on junior subordinated debt, net of tax effect of $661, $(394), $(61), and $1,649, respectively | (2,138) | 1,934 |
Realized gain on sale of securities, tax | $ 18 | $ 0 |
CONSOLIDATED STATEMENTS OF STOC
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid in Capital [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Restricted Stock [Member] | Performance Shares [Member] | Executive Officer [Member]Restricted Stock [Member] |
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 20,700 | ||||||||
Share-based Payment Arrangement, Expense | 4,300 | $ 500 | |||||||
Beginning balance at Dec. 31, 2018 | $ 2,613,734 | $ 10 | $ 1,417,724 | $ (53,083) | $ (33,622) | $ 1,282,705 | |||
Beginning balance, shares at Dec. 31, 2018 | 104,949,000 | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 120,796 | 120,796 | |||||||
Exercise of stock options, shares | 1,000 | ||||||||
Exercise of stock options | 36 | 36 | |||||||
Restricted stock grants, net, shares | 647,000 | ||||||||
Restricted stock grants, net | $ 6,472 | 6,472 | |||||||
Treasury Stock, Shares, Acquired | (173,007) | (173,000) | |||||||
Restricted Stock Award, Forfeitures | $ (7,900) | (7,900) | |||||||
Stock Repurchased and Retired During Period, Shares | 940,915 | (941,000) | |||||||
Stock Repurchased and Retired During Period, Value | $ (37,949) | (33,663) | (4,286) | ||||||
Other comprehensive (loss) income, net | 25,431 | 25,431 | |||||||
Ending Balance at Mar. 31, 2019 | 2,720,620 | $ 10 | 1,390,569 | (60,983) | (8,191) | 1,399,215 | |||
Ending balance, shares at Mar. 31, 2019 | 104,483,000 | ||||||||
Retained earnings | 1,680,317 | ||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | 21,700 | ||||||||
Share-based Payment Arrangement, Expense | $ 4,900 | $ 1,700 | $ 300 | ||||||
Beginning balance at Dec. 31, 2019 | 3,016,748 | $ 10 | 1,374,141 | (62,728) | 25,008 | 1,680,317 | |||
Beginning balance, shares at Dec. 31, 2019 | 102,524,000 | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 83,964 | 83,964 | |||||||
Exercise of stock options, shares | 6,000 | ||||||||
Exercise of stock options | 70 | 70 | |||||||
Restricted stock grants, net, shares | 531,000 | ||||||||
Restricted stock grants, net | $ 6,894 | 6,894 | |||||||
Treasury Stock, Shares, Acquired | (139,111) | (139,000) | |||||||
Restricted Stock Award, Forfeitures | $ (7,458) | (7,458) | |||||||
Stock Repurchased and Retired During Period, Shares | 1,769,479 | (1,769,000) | |||||||
Stock Repurchased and Retired During Period, Value | $ (62,521) | (10,561) | (51,960) | ||||||
Dividends, Common Stock, Cash | 25,606 | (25,606) | |||||||
Other comprehensive (loss) income, net | 12,489 | 12,489 | |||||||
Ending Balance at Mar. 31, 2020 | 2,999,633 | $ 10 | $ 1,370,544 | $ (70,186) | $ 37,497 | $ 1,661,768 | |||
Ending balance, shares at Mar. 31, 2020 | 101,153,000 | ||||||||
Retained earnings | $ 1,661,768 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Payments of Ordinary Dividends, Common Stock | $ 25,606 | $ 0 |
Debt and Equity Securities, Realized Gain (Loss) | (72) | 0 |
Cash flows from operating activities: | ||
Net income | 83,964 | 120,796 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Provision for credit losses | 51,176 | 4,536 |
Depreciation and amortization | 4,995 | 4,209 |
Stock-based compensation | 6,894 | 6,472 |
Deferred income taxes | (4,825) | 1,398 |
Amortization of net premiums for investment securities | 5,609 | 3,004 |
Amortization of tax credit investments | 7,442 | 10,145 |
Operating Lease, Expense | 2,799 | 2,601 |
Accretion of fair market value adjustments on loans acquired from business combinations | (1,738) | (2,817) |
Accretion and amortization of fair market value adjustments on other assets and liabilities acquired from business combinations | 451 | 463 |
Income from bank owned life insurance | (962) | (981) |
(Gains) / Losses on: | ||
Assets measured at fair value, net | 11,300 | (2,834) |
Sale of loans | 0 | (408) |
Other assets acquired through foreclosure, net | (1,452) | 0 |
Valuation adjustments of other repossessed assets, net | 0 | 99 |
Sale of premises, equipment, and other assets, net | 0 | (2) |
Changes in other assets and liabilities, net | (41,602) | 3,817 |
Net cash provided by operating activities | 123,979 | 151,314 |
Investment securities - AFS | ||
Purchases | (654,501) | (26,342) |
Principal pay downs and maturities | 264,639 | 97,732 |
Proceeds from sales | 62,310 | 0 |
Debt Securities, Held-to-maturity [Abstract] | ||
Purchases | 24,205 | 10,825 |
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | 1,295 | 2,868 |
Equity Securities, FV-NI, Gain (Loss) [Abstract] | ||
Purchases | (7,487) | 0 |
Reinvestments of dividend proceeds | 4,216 | (151) |
Purchase of investment tax credits | (37,389) | (24,400) |
Purchase of SBIC investments | 1,889 | 1,570 |
(Purchase) sale of money market investments, net | 0 | 7 |
(Purchase) liquidation of restricted stock, net | 200 | 155 |
Loan fundings and principal collections, net | (1,991,131) | (385,497) |
Purchase of premises, equipment, and other assets, net | (16,576) | (3,152) |
Proceeds from sale of other real estate owned and repossessed assets, net | 5,075 | 0 |
Net cash used in investing activities | (2,395,843) | (351,485) |
Net cash used in investing activities | ||
Net increase (decrease) in deposits | 2,034,188 | 1,031,293 |
Net increase (decrease) in borrowings | 314,305 | (498,270) |
Proceeds from exercise of common stock options | 70 | 36 |
Payment, Tax Withholding, Share-based Payment Arrangement | 7,458 | 7,900 |
Common stock repurchases | 62,521 | 37,949 |
Net cash provided by financing activities | 2,252,978 | 487,210 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | (18,886) | 287,039 |
Cash, cash equivalents, and restricted cash at beginning of period | 434,596 | 498,572 |
Cash, cash equivalents, and restricted cash at end of period | 415,710 | 785,611 |
Cash paid (received) during the period for: | ||
Interest | 46,291 | 43,832 |
Income Taxes Paid, Net | 1,316 | (34,619) |
Non-cash operating, investing, and financing activity: | ||
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(2,138) and $1,934, respectively | $ 6,557 | $ (5,928) |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Nature of operation WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of deposit, lending, treasury management, international banking, and online banking products and services through its wholly-owned banking subsidiary, WAB. WAB operates the following full-service banking divisions: ABA, BON, FIB, Bridge, and TPB. The Company also serves business customers through a national platform of specialized financial services. In addition, the Company has two non-bank subsidiaries: LVSP, which held and managed certain OREO properties, and CSI, a captive insurance company formed and licensed under the laws of the State of Arizona and established as part of the Company's overall enterprise risk management strategy. Basis of presentation The accounting and reporting policies of the Company are in accordance with GAAP and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiaries are included in the Consolidated Financial Statements. Recent accounting pronouncements Income Taxes In December 2019, the FASB issued guidance within ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in ASU 2019-12 are intended to reduce the cost and complexity of applying ASC 740. The amendments that are applicable to the Company address: 1) franchise and other taxes partially based on income; 2) step-up in basis of goodwill in a business combination; 3) allocation of tax expense in separate entity financial statements; and 4) interim recognition of enactment of tax laws or rate changes. The amendments to Topic 740 are effective for interim and annual reporting periods beginning after December 15, 2020 and are not expected to have a material impact on the Company’s Consolidated Financial Statements. Recently adopted accounting guidance Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued guidance within ASU 2016-13, Measurement of Credit Losses on Financial Instruments . The new standard significantly changes the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss model to an expected loss model. The amendments in ASU 2016-13 to Topic 326, Financial Instruments - Credit Losses , require that an organization measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU also requires enhanced disclosures, including qualitative and quantitative disclosures that provide additional information about the amounts recorded in the financial statements. Additionally, the ASU amends the accounting for credit losses on AFS debt securities and purchased financial assets with credit deterioration. The Company adopted the amendments within ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. The Company's financial results for reporting periods beginning after January 1, 2020 are presented in accordance with ASC 326, while prior period amounts continue to be reported in accordance with legacy GAAP. The Company recorded a cumulative effect adjustment to retained earnings, which resulted in a total decrease to retained earnings of $24.9 million as of January 1, 2020. This adjustment was due primarily to expected total losses under the new model in the Company's loan portfolio and, to a lesser extent, its off-balance sheet credit exposures. The Company applied the prospective transition approach for loans purchased with credit deterioration that were previously classified as purchased credit impaired and previously accounted for under ASC 310-30. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. As of January 1, 2020, the amortized cost basis of the PCD loans was adjusted to reflect an allowance for credit losses of $3.3 million. The remaining noncredit discount (based on the adjusted amortized cost basis) related to PCD loans of $1.1 million will be accreted into interest income at the loan's effective interest rate as of January 1, 2020. The Company has elected not to maintain its pools of loans accounted for under ASC 310-30. The Company applied the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date. The effective interest rate on these debt securities was not changed. Recoveries of amounts previously written off relating to improvements in cash flows after January 1, 2020 will be recorded in earnings when received. The following table summarizes the estimated allowance for credit losses related to financial assets and off-balance sheet credit exposures and the corresponding impacts on the deferred tax asset and retained earnings upon adoption of ASC 326: January 1, 2020 Pre-ASC 326 Adoption Post-ASC 326 Adoption Impact of ASC 326 Adoption (in thousands) Assets: Allowance for credit losses on HTM securities $ — $ 2,646 $ 2,646 Allowance for credit losses on loans 167,797 186,925 19,128 Deferred tax asset 18,025 26,675 8,650 Liabilities: Off-balance sheet credit exposures $ 8,955 $ 24,044 $ 15,089 Equity: Retained earnings $ 1,680,317 $ 1,655,370 $ (24,947 ) Management has elected to take advantage of the capital relief option that delays the estimated impact of the adoption of ASC 326 on regulatory capital by up to two years, with a three-year transition period to phase out the cumulative benefit to regulatory capital provided during the two-year delay. In April 2019, the FASB issued guidance within ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments . The amendments in ASU 2019-04 clarify or correct the guidance in these Topics. With respect to Topic 326, ASU 2019-04 addresses a number of issues as it relates to the CECL standard including consideration of accrued interest, recoveries, variable-rate financial instruments, prepayments, and extension and renewal options, among other things, in the measurement of expected credit losses. The amendments to Topic 326 were adopted concurrently with ASU 2016-13 and did not have a significant impact on the Company’s Consolidated Financial Statements. With respect to Topic 815, Derivatives and Hedging , ASU 2019-04 clarifies issues related to partial-term hedges, hedged debt securities, and transitioning from a quantitative method of assessing hedge effectiveness to a more simplified method. The Company does not have partial-term hedges or any hedged debt securities and the transition issues discussed in the ASU 2019-04 are not applicable to the Company. Accordingly, the amendments to Topic 815 did not have an impact on the Company's Consolidated Financial Statements. With respect to Topic 825, Financial Instruments, on recognizing and measuring financial instruments, ASU 2019-04 addresses: 1) the scope of the guidance; 2) the requirement for remeasurement under ASC 820 when using the measurement alternative for equity securities without readily determinable fair values; 3) certain disclosure requirements; and 4) which equity securities have to be remeasured at historical exchange rates. The amendments to Topic 825 were effective January 1, 2020 and did not have a material impact on the Company’s Consolidated Financial Statements. In May 2019, the FASB issued guidance within ASU 2019-05, Financial Instruments - Credit Losses , to provide entities with an option to irrevocably elect the fair value option for eligible financial assets measured at amortized cost. The election is to be applied on an instrument-by-instrument basis upon adoption of Topic 326 and is not available for either AFS or HTM debt securities. The amendments in ASU 2019-05 should be applied on a modified-retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings as of the date that an entity adopts the amendments in ASU 2016-13. The Company did not elect this fair value option as part of its adoption of ASU 2016-13 on January 1, 2020. In November 2019, the FASB issued guidance within ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. The amendments in ASU 2019-11 clarify or address specific issues about certain aspects of the amendments in ASU 2016-13. These issues include measurement and reporting requirements related to: 1) the allowance for credit losses for purchased assets with credit deterioration; 2) prepayment assumptions on existing troubled debt restructurings; 3) extension of disclosure relief for accrued interest receivable balances; and 4) expected credit losses on collateralized financial assets. The adoption of ASU 2019-11 is concurrent with ASU 2016-13 and, adoption of these amendments on January 1, 2020, did not have a significant impact on the Company's Consolidated Financial Statements. Fair Value Measurements In August 2018, the FASB issued guidance within ASU 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . The amendments within ASU 2018-13 remove, modify, and supplement the disclosure requirements for fair value measurements. Disclosure requirements that were removed include: 1) the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; 2) the policy for timing of transfers between levels; and 3) the valuation processes for Level 3 fair value measurements. The amendments clarify that the measurement uncertainty disclosure is intended to communicate information about the uncertainty in measurement as of the reporting date. Additional disclosure requirements include: 1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and 2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. With the exception of the above additional disclosure requirements, which will be applied prospectively, all other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments in this ASU did not have a significant impact on the Company's Consolidated Financial Statements. Internal-Use Software In August 2018, the FASB issued guidance within ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) . The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Accordingly, the amendments in this Update require an entity (customer) in a hosting arrangement that is a service contract to follow the guidance in Subtopic 350-40 to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The amendments in this Update also require that the capitalized implementation costs of a hosting arrangement that is a service contract be expensed over the term of the hosting arrangement. Presentation requirements include: 1) expense related to the capitalized implementation costs should be presented in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement; 2) payments for capitalized implementation costs in the statement of cash flows should be classified in the same manner as payments made for fees associated with the hosting element; and 3) capitalized implementation costs in the statement of financial position should be presented in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. The adoption of this guidance did not have a significant impact on the Company's Consolidated Financial Statements. Reference Rate Reform In March 2020, the FASB issued guidance within ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, in response to the scheduled discontinuation of LIBOR on December 31, 2021 . The amendments in this Update provide optional guidance designed to provide relief from the accounting analysis and impacts that may otherwise be required for modifications to agreements (e.g., loans, debt securities, derivatives, borrowings) necessitated by reference rate reform. The following optional expedients for applying the requirements of certain Topics or Industry Subtopics in the Codification are permitted for contracts that are modified because of reference rate reform and that meet certain scope guidance: 1) modifications of contracts within the scope of Topics 310, Receivables , and 470, Debt , should be accounted for by prospectively adjusting the effective interest rate; 2) modifications of contracts within the scope of Topic 842, Leases , should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required under this Topic for modifications not accounted for as separate contracts; 3) modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging- Embedded Derivatives; and 4) for other Topics or Industry Subtopics in the Codification, the amendments in this Update also include a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. An entity may make a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1, 2020. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2022. Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates and judgments are ongoing and are based on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities, as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from those estimates and assumptions used in the Consolidated Financial Statements and related notes. Material estimates that are susceptible to significant changes in the near term, particularly to the extent the impact of the pandemic is prolonged and economic conditions worsen or persist longer than expected, relate to: the determination of the allowance for credit losses; certain assets and liabilities carried at fair value; and accounting for income taxes. Principles of consolidation As of March 31, 2020 , WAL has the following significant wholly-owned subsidiaries: WAB and eight unconsolidated subsidiaries used as business trusts in connection with the issuance of trust-preferred securities. The Bank has the following significant wholly-owned subsidiaries: WABT, which holds certain investment securities, municipal and nonprofit loans, and leases; WA PWI, which holds certain limited partnerships invested primarily in low income housing tax credits and small business investment corporations; and BW Real Estate, Inc., which operates as a real estate investment trust and holds certain of WAB's real estate loans and related securities. The Company does not have any other significant entities that should be consolidated. All significant intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain amounts reported in prior periods may have been reclassified in the Consolidated Financial Statements to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported. Interim financial information The accompanying Unaudited Consolidated Financial Statements as of and for the three months ended March 31, 2020 and 2019 have been prepared in condensed format and, therefore, do not include all of the information and footnotes required by GAAP for complete financial statements. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied to the Company's audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 . The information furnished in these interim statements reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal, recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the Company's audited Consolidated Financial Statements. Investment securities Investment securities include debt and equity securities. Debt securities may be classified as HTM, AFS, or trading. The appropriate classification is initially decided at the time of purchase. Securities classified as HTM are those debt securities that the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. The sale of an HTM security within three months of its maturity date or after the majority of the principal outstanding has been collected is considered a maturity for purposes of classification and disclosure. Securities classified as AFS are securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as AFS would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, decline in credit quality, and regulatory capital considerations. HTM securities are carried at amortized cost. AFS securities are carried at their estimated fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. When AFS debt securities are sold, the unrealized gains or losses are reclassified from OCI to non-interest income. Trading securities are carried at their estimated fair value, with changes in fair value reported in earnings as part of non-interest income. Equity securities are carried at their estimated fair value, with changes in fair value reported in earnings as part of non-interest income. Interest income is recognized based on the coupon rate and includes the amortization of purchase premiums and the accretion of purchase discounts. Premiums and discounts on investment securities are generally amortized or accreted over the contractual life of the security using the interest method, adjusted for prepayment estimates. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time its principal or interest payments become 90 days past due. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income. Allowance for credit losses on investment securities On January 1, 2020, the Company adopted the amendments within ASU 2016-13, which replaces the legacy US GAAP OTTI model with a credit loss model. For discussion of the former OTTI methodology, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2019 . The credit loss model under ASC 326-20, applicable to HTM debt securities, requires recognition of lifetime expected credit losses through an allowance account at the time the security is purchased. The Company measures expected credit losses on its HTM debt securities on a collective basis by major security type. The Company's HTM securities portfolio consists of low income housing tax-exempt bonds, which share similar risk characteristics with the Company's CRE, non-owner occupied or construction and land loan pools, given the similarity in underlying assets or collateral. Accordingly, expected credit losses on HTM securities are estimated using the same models and approaches as these loan pools, which utilize risk parameters (probability of default, loss given default, and exposure at default) in the measurement of expected credit losses. The historical data used to estimate probability of default and severity of loss in the event of default is derived or obtained from internal and external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical losses. Accrued interest receivable on the HTM securities, which is included in other assets on the Consolidated Balance Sheet, is excluded from the estimate of expected credit losses. The credit loss model under ASC 326-30, applicable to AFS debt securities, requires recognition of credit losses through an allowance account, but retains the concept from the OTTI model that credit losses are recognized once securities become impaired. For AFS debt securities, a decline in fair value due to credit loss results in recognition of an allowance for credit losses. Impairment may result from credit deterioration of the issuer or collateral underlying the security. The assessment of determining if a decline in fair value resulted from a credit loss is performed at the individual security level. Among other factors, the Company considers: 1) the extent to which the fair value is less than the amortized cost basis; 2) the financial condition and near term prospects of the issuer, including consideration of relevant financial metrics or ratios of the issuer; 3) any adverse conditions related to an industry or geographic area of an issuer; 4) any changes to the rating of the security by a rating agency; and 5) any past due principal or interest payments from the issuer. If an assessment of the above factors indicates that a credit loss exists, the Company records an allowance for credit losses for the excess of the amortized cost basis over the present value of cash flows expected to be collected, limited to the amount that the security's fair value is less than its amortized cost basis. Subsequent changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Interest accruals and amortization and accretion of premiums and discounts are suspended when the credit loss is recognized in earnings. Any interest received after the security has been placed on nonaccrual status is recognized on a cash basis. Accrued interest receivable on AFS securities, which is included in other assets on the Consolidated Balance Sheet, is excluded from the estimate of expected credit losses. For each AFS security in an unrealized loss position, the Company also considers: 1) its intent to retain the security until anticipated recovery of the security's fair value; and 2) whether it is more-likely-than not that the Company would be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the debt security is written down to its fair value and the write-down is charged against the allowance for credit losses with any incremental impairment recorded in earnings. Writeoffs are made through reversal of the allowance for credit losses and direct writeoff of the amortized cost basis of the AFS security. The Company considers the following events to be indicators that a writeoff should be taken: 1) bankruptcy of the issuer; 2) significant adverse event(s) affecting the issuer in which it is improbable for the issuer to make its remaining payments on the security; and 3) significant loss of value of the underlying collateral behind a security. Recoveries on debt securities, if any, are recorded in the period received. Restricted stock WAB is a member of the Federal Reserve System and, as part of its membership, is required to maintain stock in the FRB in a specified ratio to its capital. In addition, WAB is a member of the FHLB system and, accordingly, maintains an investment in capital stock of the FHLB based on the borrowing capacity used. The Bank also maintains an investment in its primary correspondent bank. These investments are considered equity securities with no actively traded market. Therefore, the shares are considered restricted investment securities. These investments are carried at cost, which is equal to the value at which they may be redeemed. The dividend income received from the stock is reported in interest income. The Company conducts a periodic review and evaluation of its restricted stock to determine if any impairment exists. No impairment has been recorded to date. Loans held for sale Loans held for sale consist of loans that the Company originates (or acquires) and intends to sell. These loans are carried at the lower of aggregate cost or fair value. Fair value is determined based on quoted fair market values or, when not available, discounted cash flows or appraisals of underlying collateral or the credit quality of the borrower. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily and loan origination fees and costs are deferred and included in the cost basis of the loan. The Company issues various representations and warranties associated with these loan sales. The Company has not experienced any losses as a result of these representations and warranties. Loans held for investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the amount of unpaid principal, adjusted for unamortized net deferred fees and costs, premiums and discounts, and writeoffs. In addition, the amortized cost of loans subject to a fair value hedge are adjusted for changes in value attributable to the effective portion of the hedged benchmark interest rate risk. The Company may also purchase loans or acquire loans through a business combination. At the purchase or acquisition date, loans are evaluated to determine if there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as PCD loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, the Company takes into consideration loan grades, loan-to-values greater than policy limits, past due and nonaccrual status, and TDR loans. The Company may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, number of times past due, and standard deviations corresponding to FICO score or band. The initial estimate of credit losses on PCD loans is added to the purchase price on the acquisition date to establish the initial amortized cost basis of the loan; accordingly, the initial recognition of expected credit losses has no impact on net income. When the initial measurement of expected credit losses on PCD loans are calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the allowance for credit losses on PCD loans are recorded through the provision for credit losses. For purchased loans that are not deemed to have experienced more than insignificant credit deterioration since origination, any discounts or premiums included in the purchase price are accreted (or amortized) over the contractual life of the individual loan. For additional information, see " Note 3. Loans, Leases and Allowance for Credit Losses " of these Notes to Unaudited Consolidated Financial Statements. Loan fees collected for the origination of loans less direct loan origination costs (net of deferred loan fees), as well as premiums and discounts and certain purchase accounting adjustments, are amortized over the contractual life of the loan through interest income. If a loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If a loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of premiums, discounts, or net deferred fees are recognized as interest income. Nonaccrual loans When a borrower discontinues making payments as contractually required by the note, the Company must determine whether it is appropriate to continue to accrue interest. The Company ceases accruing interest income when the loan has become delinquent by more than 90 days or when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely. Past due status is based on the contractual terms of the loan. The Company may decide to continue to accrue interest on certain loans more than 90 days delinquent if the loans are well secured by collateral and in the process of collection. For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed, and the Company makes a loan-level decision to apply either the cash basis or cost recovery method. The Company may recognize income on a cash basis when a payment is received and only for those nonaccrual loans for which the collection of the remaining principal balance is not in doubt. Under the cost recovery method, subsequent payments received from the customer are applied to principal and generally no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. Loans are returned to accrual status when all of the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Troubled Debt Restructured Loans A TDR loan is a loan on which the Company, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will |
Investment Securities
Investment Securities | 3 Months Ended |
Mar. 31, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | d fair values of investment securities at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in thousands) Held-to-maturity Tax-exempt $ 483,775 $ 46,287 $ — $ 530,062 Available-for-sale debt securities CDO $ 50 $ 7,301 $ — $ 7,351 Commercial MBS issued by GSEs 103,277 1,529 (165 ) 104,641 Corporate debt securities 105,011 33 (17,150 ) 87,894 LIHTC development bonds 30,000 — — 30,000 Municipal securities 7,496 — (813 ) 6,683 Private label residential MBS 1,193,904 2,755 (16,142 ) 1,180,517 Residential MBS issued by GSEs 1,449,463 44,874 (41 ) 1,494,296 Tax-exempt 717,908 27,502 (4,699 ) 740,711 Trust preferred securities 32,000 — (8,443 ) 23,557 U.S. treasury securities 1,000 1 — 1,001 Total AFS debt securities $ 3,640,109 $ 83,995 $ (47,453 ) $ 3,676,651 Equity securities CRA investments $ 52,977 $ 127 $ — $ 53,104 Preferred stock 84,963 140 (7,049 ) 78,054 Total equity securities $ 137,940 $ 267 $ (7,049 ) $ 131,158 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in thousands) Held-to-maturity Tax-exempt $ 485,107 $ 31,303 $ (149 ) $ 516,261 Available-for-sale debt securities CDO $ 50 $ 10,092 $ — $ 10,142 Commercial MBS issued by GSEs 95,062 366 (1,175 ) 94,253 Corporate debt securities 105,015 112 (5,166 ) 99,961 Municipal securities 7,494 279 — 7,773 Private label residential MBS 1,129,985 3,572 (4,330 ) 1,129,227 Residential MBS issued by GSEs 1,406,594 9,283 (3,817 ) 1,412,060 Tax-exempt 530,729 24,548 (422 ) 554,855 Trust preferred securities 32,000 — (4,960 ) 27,040 U.S. government sponsored agency securities 10,000 — — 10,000 U.S. treasury securities 999 — — 999 Total AFS debt securities $ 3,317,928 $ 48,252 $ (19,870 ) $ 3,346,310 Equity securities CRA investments $ 52,805 $ — $ (301 ) $ 52,504 Preferred stock 82,514 3,881 (198 ) 86,197 Total equity securities $ 135,319 $ 3,881 $ (499 ) $ 138,701 Securities with carrying amounts of approximately $1.0 billion and $962.5 million at March 31, 2020 and December 31, 2019 , respectively, were pledged for various purposes as required or permitted by law. The following tables summarize the Company's AFS debt securities in an unrealized loss position at March 31, 2020 and December 31, 2019 , aggregated by major security type and length of time in a continuous unrealized loss position: March 31, 2020 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in thousands) Available-for-sale debt securities Commercial MBS issued by GSEs $ 165 $ 54,711 $ — $ — $ 165 $ 54,711 Corporate debt securities — — 17,150 82,850 17,150 82,850 Municipal securities 813 6,683 — — 813 6,683 Private label residential MBS 14,298 777,859 1,844 59,156 16,142 837,015 Residential MBS issued by GSEs 36 9,598 5 671 41 10,269 Tax-exempt 4,699 153,906 — — 4,699 153,906 Trust preferred securities — — 8,443 23,557 8,443 23,557 Total AFS securities $ 20,011 $ 1,002,757 $ 27,442 $ 166,234 $ 47,453 $ 1,168,991 December 31, 2019 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in thousands) Held-to-maturity Tax-exempt $ 149 $ 24,325 $ — $ — $ 149 $ 24,325 Available-for-sale debt securities Commercial MBS issued by GSEs $ 85 $ 9,035 $ 1,090 $ 54,604 $ 1,175 $ 63,639 Corporate debt securities — — 5,166 94,834 5,166 94,834 Private label residential MBS 1,776 337,285 2,554 258,791 4,330 596,076 Residential MBS issued by GSEs 1,740 385,643 2,077 150,419 3,817 536,062 Tax-exempt 422 67,150 — — 422 67,150 Trust preferred securities — — 4,960 27,040 4,960 27,040 Total AFS securities $ 4,023 $ 799,113 $ 15,847 $ 585,688 $ 19,870 $ 1,384,801 The total number of AFS securities in an unrealized loss position at March 31, 2020 is 134 , compared to 158 at December 31, 2019 . On January 1, 2020, the Company adopted the amendments within ASU 2016-13, which replaces the legacy US GAAP OTTI model with a credit loss model. The credit loss model under ASC 326-30, applicable to AFS debt securities, requires recognition of credit losses through an allowance account, but retains the concept from the OTTI model that credit losses are recognized once securities become impaired. For a detailed discussion of the impact of adoption of ASU 2016-13 and information related to investment securities, including accounting policies and methodologies used to estimate the allowance for credit losses on securities, see "Note 1. Summary of Significant Accounting Policies ." Commercial and residential MBS issued by GSEs and U.S. treasury securities held by the Company are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. As the Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell the securities prior to their anticipated recovery, no credit losses have been recognized on these securities during the three months ended March 31, 2020 . Qualitative factors used in the Company's credit loss assessment of its securities that are not guaranteed by the U.S. government included consideration of any adverse conditions related to a specific security, industry, or geographic region of its securities, any credit ratings below investment grade, the payment structure of the security and the likelihood of the issuer to be able to make payments that increase in the future, and failure of the issuer to make any scheduled principal or interest payments. For the Company's corporate debt, municipal, and tax-exempt securities, the Company also considered various metrics of the issuer including days of cash on hand, the ratio of long-term debt to total assets, the net change in cash between reporting periods, and consideration of any breach in covenant requirements. For the Company's private label residential MBS, the Company also considered metrics such as securitization risk weight factor, current credit support, whether there were any mortgage principal losses resulting from defaults in payments on the underlying mortgage collateral, and the credit default rate over the last twelve months. As of March 31, 2020 , no credit losses on the Company's corporate debt, tax-exempt, and municipal securities have been recognized. The Company's corporate debt and tax-exempt securities continue to be highly rated, issuers continue to make timely principal and interest payments, and the unrealized losses on these security portfolios primarily relate to changes in interest rates and other market conditions that are not considered to be credit-related issues. The Company is continuing to receive timely principal and interest payments on its municipal securities and the majority of these issuers have revenues pledged for payment of debt service prior to payment of other types of expenses. Further, the Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell these securities prior to their anticipated recovery. The Company's private label residential MBS are non-agency collateralized mortgage obligations and primarily carry investment grade credit ratings as of March 31, 2020 . These securities are secured by pools of residential mortgage loans. As of March 31, 2020 , principal and interest payments on these securities continue to be made on a timely basis and credit support for these securities is considered adequate. As unrealized losses on these securities are primarily related to market illiquidity resulting from forced liquidations of mortgage REIT portfolios and the Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell these securities prior to their anticipated recovery, no credit losses have been recognized on these securities as of March 31, 2020 . The Company's trust preferred securities are investment grade and the issuer continues to make timely principal and interest payments. Based on the qualitative factors discussed above, no allowance for credit losses for the Company's AFS debt securities has been recognized as of March 31, 2020 . The credit loss model under ASC 326-20, applicable to HTM debt securities, requires recognition of lifetime expected credit losses through an allowance account at the time the security is purchased. The following tables present a rollforward by major security type of the allowance for credit losses for the Company's HTM debt securities: Three Months Ended March 31, 2020 Balance, Credit Loss Expense Writeoffs Recoveries Balance, (in thousands) Held-to-maturity debt securities Tax-exempt $ 2,646 $ 335 $ — $ — $ 2,981 Accrued interest receivable on HTM securities totaled $1.7 million at March 31, 2020 and is excluded from the estimate of credit losses. The following tables summarize the carrying amount of the Company’s investment ratings position as of March 31, 2020 and December 31, 2019 , which are updated quarterly and used to monitor the credit quality of the Company's securities: March 31, 2020 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in thousands) Held-to-maturity Tax-exempt $ — $ — $ — $ — $ — $ — $ 483,775 $ 483,775 Available-for-sale debt securities CDO $ — $ — $ — $ — $ — $ 7,351 $ — $ 7,351 Commercial MBS issued by GSEs — 104,641 — — — — — 104,641 Corporate debt securities — — — 58,100 29,794 — — 87,894 LIHTC development bonds — — — — — — 30,000 30,000 Municipal securities — — — — — — 6,683 6,683 Private label residential MBS 1,172,846 — — 154 288 1,017 6,212 1,180,517 Residential MBS issued by GSEs — 1,494,296 — — — — — 1,494,296 Tax-exempt 58,696 2,826 453,146 225,970 — — 73 740,711 Trust preferred securities — — — — 23,557 — — 23,557 U.S. treasury securities — 1,001 — — — — — 1,001 Total AFS securities (1) $ 1,231,542 $ 1,602,764 $ 453,146 $ 284,224 $ 53,639 $ 8,368 $ 42,968 $ 3,676,651 Equity securities CRA investments $ — $ 27,324 $ — $ — $ — $ — $ 25,780 $ 53,104 Preferred stock — — — — 75,405 1,941 708 78,054 Total equity securities (1) $ — $ 27,324 $ — $ — $ 75,405 $ 1,941 $ 26,488 $ 131,158 (1) Where ratings differ, the Company uses an average of the available ratings by major credit agencies. December 31, 2019 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in thousands) Held-to-maturity Tax-exempt $ — $ — $ — $ — $ — $ — $ 485,107 $ 485,107 Available-for-sale debt securities CDO $ — $ — $ — $ — $ — $ 10,142 $ — $ 10,142 Commercial MBS issued by GSEs — 94,253 — — — — — 94,253 Corporate debt securities — — — 66,530 33,431 — — 99,961 Municipal securities — — — — — — 7,773 7,773 Private label residential MBS 1,096,909 — 30,675 181 288 1,174 — 1,129,227 Residential MBS issued by GSEs — 1,412,060 — — — — — 1,412,060 Tax-exempt 52,610 2,856 327,657 171,732 — — — 554,855 Trust preferred securities — — — — 27,040 — — 27,040 U.S. government sponsored agency securities — 10,000 — — — — — 10,000 U.S. treasury securities — 999 — — — — — 999 Total AFS securities (1) $ 1,149,519 $ 1,520,168 $ 358,332 $ 238,443 $ 60,759 $ 11,316 $ 7,773 $ 3,346,310 Equity securities CRA investments $ — $ 25,375 $ — $ — $ — $ — $ 27,129 $ 52,504 Preferred stock — — — — 82,851 2,105 1,241 86,197 Total equity securities (1) $ — $ 25,375 $ — $ — $ 82,851 $ 2,105 $ 28,370 $ 138,701 (1) Where ratings differ, the Company uses an average of the available ratings by major credit agencies. A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. As of March 31, 2020 , there were no investment securities that were past due. In addition, the Company does not have a significant amount of investment securities on nonaccrual status or securities that are considered to be collateral-dependent as of March 31, 2020 . The amortized cost and fair value of the Company's debt securities as of March 31, 2020 , by contractual maturities, are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities. Therefore, these securities are listed separately in the maturity summary. March 31, 2020 Amortized Cost Estimated Fair Value (in thousands) Held-to-maturity After one year through five years $ 24,649 $ 25,222 After ten years 459,126 504,840 Total HTM securities $ 483,775 $ 530,062 Available-for-sale Due in one year or less $ 6,011 $ 6,045 After one year through five years 6,728 6,777 After five years through ten years 163,505 147,247 After ten years 717,221 737,128 Mortgage-backed securities 2,746,644 2,779,454 Total AFS securities $ 3,640,109 $ 3,676,651 The following table presents gross gains and losses on sales of investment securities: Three Months Ended March 31, 2020 2019 (in thousands) Available-for-sale securities Gross gains $ 205 $ — Gross losses (133 ) — Net gains (losses) on AFS securities $ 72 $ — |
Loans, Leases and Allowance for
Loans, Leases and Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2020 | |
Receivables [Abstract] | |
Loans, Leases and Allowance for Credit Losses | Loan Purchases and Sales The following table presents loan purchases by portfolio segment during the three months ended March 31, 2020 : Purchases (in thousands) Commercial and industrial $ 286,459 Small balance commercial 2,269 Residential 279,450 Warehouse lending 99,446 Total $ 667,624 There were no loans purchased with more-than-insignificant deterioration in credit quality during the three months ended March 31, 2020 . There were no loan sales during the three months ended March 31, 2020 . The following table presents loan purchases and sales by class during the three months ended March 31, 2019 . Three Months Ended March 31, 2019 Purchases Sales (in thousands) Commercial and industrial $ 187,991 $ 15,500 Commercial real estate - non-owner occupied 30,034 — Residential real estate 312,472 — Total $ 530,497 $ 15,500 The Company recognized a net loss of $0.4 million on loan sales during the three months ended March 31, 2019 . |
Other Borrowings
Other Borrowings | 3 Months Ended |
Mar. 31, 2020 | |
Debt Disclosure [Abstract] | |
Other Borrowings | The following table summarizes the Company’s borrowings as of March 31, 2020 and December 31, 2019 : March 31, 2020 December 31, 2019 (in thousands) Short-Term: Federal funds purchased $ 308,000 $ — FHLB advances — — Total short-term borrowings $ 308,000 $ — The Company maintains federal fund lines of credit totaling $1.4 billion as of March 31, 2020 , which have rates comparable to the federal funds effective rate plus 0.10% to 0.20%. As of March 31, 2020 , there were $308.0 million outstanding balances on the Company's lines of credit. As of December 31, 2019 , there were no outstanding balances on these federal fund lines of credit. The Company also maintains secured lines of credit with the FHLB and the FRB. The Company’s borrowing capacity is determined based on collateral pledged, generally consisting of investment securities and loans, at the time of the borrowing. At March 31, 2020 , the Company had no borrowings under its lines of credit with the FHLB or FRB. As of March 31, 2020 and December 31, 2019 , the Company had additional available credit with the FHLB of approximately $4.4 billion and $4.5 billion , respectively, and with the FRB of approximately $1.3 billion and $1.1 billion , respectively. Other short-term borrowing sources available to the Company include customer repurchase agreements, which totaled $23.0 million and $16.7 million at March 31, 2020 and December 31, 2019 , respectively. The weighted average rate on customer repurchase agreements was 0.17% and 0.15% as of March 31, 2020 and December 31, 2019 |
Qualifying Debt
Qualifying Debt | 3 Months Ended |
Mar. 31, 2020 | |
Qualifying Debt Disclosure [Abstract] | |
Qualifying Debt | Subordinated Debt The Parent has $175.0 million of subordinated debentures, which were recorded net of issuance costs of $5.5 million , and mature July 1, 2056. Beginning on or after July 1, 2021, the Company may redeem the debentures, in whole or in part, at their principal amount plus any accrued and unpaid interest. The debentures have a fixed interest rate of 6.25% per annum. WAB has $150.0 million of subordinated debt, which was recorded net of debt issuance costs of $1.8 million , and matures July 15, 2025. The subordinated debt is redeemable by WAB, in whole or in part, on or after July 15, 2020 and on every interest payment date thereafter, for a price equal to the principal amount plus accrued and unpaid interest. The subordinated debt has a fixed interest rate of 5.00% through June 30, 2020 and then converts to a variable rate of 3.20% plus three-month LIBOR through maturity. To hedge the interest rate risk on the Company's subordinated debt issuances, the Company entered into fair value interest rate hedges with receive fixed/pay variable swaps. The carrying value of all subordinated debt issuances, which includes the fair value of the related hedges, totals $324.1 million and $319.2 million at March 31, 2020 and December 31, 2019 , respectively. Junior Subordinated Debt The Company has formed or acquired through acquisition eight statutory business trusts, which exist for the exclusive purpose of issuing Cumulative Trust Preferred Securities. With the exception of debt issued by Bridge Capital Trust I and Bridge Capital Trust II, junior subordinated debt is recorded at fair value at each reporting date due to the FVO election made by the Company under ASC 825. The Company did not make the FVO election for the junior subordinated debt acquired as part of the Bridge acquisition. Accordingly, the carrying value of these trusts does not reflect the current fair value of the debt and includes a fair market value adjustment established at acquisition that is being accreted over the remaining life of the trusts. The carrying value of junior subordinated debt was $65.7 million and $74.4 million as of March 31, 2020 and December 31, 2019 , respectively. The weighted average interest rate of all junior subordinated debt as of March 31, 2020 was 3.79% , which is three-month LIBOR plus the contractual spread of 2.34%, compared to a weighted average interest rate of 4.25% at December 31, 2019 . In the event of certain changes or amendments to regulatory requirements or federal tax rules, the debt is redeemable in whole. The obligations under these instruments are fully and unconditionally guaranteed by the Company and rank subordinate and junior in right of payment to all other liabilities of the Company. Based on guidance issued by the FRB, the Company's securities continue to qualify as Tier 1 Capital. |
Stockholders' Equity
Stockholders' Equity | 3 Months Ended |
Mar. 31, 2020 | |
Stockholders' Equity Note [Abstract] | |
Stockholder's Equity | Stock-Based Compensation Restricted Stock Awards Restricted stock awards granted to employees generally vest over a three -year period. Stock grants made to non-employee WAL directors in 2020 will be fully vested on July 1, 2020. The Company estimates the compensation cost for stock grants based upon the grant date fair value. Stock compensation expense is recognized on a straight-line basis over the requisite service period for the entire award. The aggregate grant date fair value for the restricted stock awards granted during the three months ended March 31, 2020 and 2019 was $21.7 million and $20.7 million , respectively. Stock compensation expense related to restricted stock awards and stock options granted to employees are included in Salaries and employee benefits in the Consolidated Income Statement. For restricted stock awards granted to WAL directors, related stock compensation expense is included in Legal, professional, and directors' fees. For the three months ended March 31, 2020 , the Company recognized $4.9 million in stock-based compensation expense related to these stock grants, compared to $4.3 million for the three months ended March 31, 2019 . In addition, the Company previously granted shares of restricted stock to certain members of executive management that had both performance and service conditions that affect vesting. There were no such grants made during the three months ended March 31, 2020 and 2019 , however expense is still being recognized for a grant made in 2017 with a four-year vesting period. For the three months ended March 31, 2020 , the Company recognized $0.3 million in stock-based compensation expense related to these performance-based restricted stock grants, compared to $0.5 million for the three months ended March 31, 2019 . Performance Stock Units The Company grants to members of its executive management performance stock units that do not vest unless the Company achieves a specified cumulative EPS target and a TSR performance measure over a three-year performance period. The number of shares issued will vary based on the cumulative EPS target and relative TSR performance factor that is achieved. The Company estimates the cost of performance stock units based upon the grant date fair value and expected vesting percentage over the three-year performance period. For each of the three months ended March 31, 2020 and 2019 , the Company recognized $1.7 million in stock-based compensation expense related to these performance stock units. The three-year performance period for the 2017 grant ended on December 31, 2019, and the Company's cumulative EPS and TSR performance measure for the performance period exceeded the level required for a maximum award under the terms of the grant. As a result, 136,334 shares became fully vested and was distributed to executive management in the first quarter of 2020. Common Stock Repurchase The Company's common stock repurchase program was renewed through December 2020, authorizing the Company to repurchase up to $250.0 million of its outstanding common stock. Pursuant to the repurchase plan, during the three months ended March 31, 2020 , the Company repurchased 1,769,479 shares of its common stock at a weighted average price of $35.30 for a total payment of $62.5 million . During the three months ended March 31, 2019 , the Company repurchased 940,915 shares of its common stock at a weighted average price of $40.30 for a total payment of $37.9 million . Cash Dividend During the first quarter 2020 , the Company's Board of Directors approved a cash dividend of $0.25 per share. The dividend payment to shareholders totaled $25.6 million , and was paid on February 28, 2020. Treasury Shares Treasury share purchases represent shares surrendered to the Company equal in value to the statutory payroll tax withholding obligations arising from the vesting of employee restricted stock awards. During the three months ended March 31, 2020 , the Company purchased treasury shares of 139,111 at a weighted average price of $53.61 per share. During the three months ended March 31, 2019 , the Company purchased treasury shares of 173,007 at a weighted average price of $45.66 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2020 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income | The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated: Three Months Ended March 31, Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in thousands) Balance, December 31, 2019 $ 21,399 $ (20 ) $ 3,629 $ — $ 25,008 Other comprehensive income (loss) before reclassifications 6,276 (290 ) 6,557 — 12,543 Amounts reclassified from AOCI (54 ) — — — (54 ) Net current-period other comprehensive income (loss) 6,222 (290 ) 6,557 — 12,489 Balance, March 31, 2020 $ 27,621 $ (310 ) $ 10,186 $ — $ 37,497 Balance, December 31, 2018 $ (47,591 ) $ 392 $ 13,433 $ 144 $ (33,622 ) Other comprehensive income (loss) before reclassifications 31,377 (18 ) (5,928 ) — 25,431 Amounts reclassified from AOCI — — — — — Net current-period other comprehensive income (loss) 31,377 (18 ) (5,928 ) — 25,431 Balance, March 31, 2019 $ (16,214 ) $ 374 $ 7,505 $ 144 $ (8,191 ) The following table presents reclassifications out of accumulated other comprehensive income: Three Months Ended March 31, Income Statement Classification 2020 2019 (in thousands) Gain (loss) on sales of investment securities, net $ 72 $ — Income tax (expense) benefit (18 ) — Net of tax $ 54 $ — |
Derivatives and Hedging
Derivatives and Hedging | 3 Months Ended |
Mar. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives and Hedging Activities | The Company is a party to various derivative instruments. Derivative instruments are contracts between two or more parties that have a notional amount and an underlying variable, require a small or no initial investment, and allow for the net settlement of positions. A derivative’s notional amount serves as the basis for the payment provision of the contract and takes the form of units, such as shares or dollars. A derivative’s underlying variable is a specified interest rate, security price, commodity price, foreign exchange rate, index, or other variable. The interaction between the notional amount and the underlying variable determines the number of units to be exchanged between the parties and influences the fair value of the derivative contract. The primary type of derivatives that the Company uses are interest rate swaps. Generally, these instruments are used to help manage the Company's exposure to interest rate risk and meet client financing and hedging needs. Derivatives are recorded at fair value on the Consolidated Balance Sheets, after taking into account the effects of bilateral collateral and master netting agreements. These agreements allow the Company to settle all derivative contracts held with the same counterparty on a net basis, and to offset net derivative positions with related cash collateral, where applicable. As of March 31, 2020 , December 31, 2019 , and March 31, 2019 , the Company does not have any outstanding cash flow hedges. Derivatives Designated in Hedge Relationships The Company utilizes derivatives that have been designated as part of a hedge relationship in accordance with the applicable accounting guidance to minimize the exposure to changes in benchmark interest rates and volatility of net interest income and EVE to interest rate fluctuations. The primary derivative instruments used to manage interest rate risk are interest rate swaps, which convert the contractual interest rate index of agreed-upon amounts of assets and liabilities (i.e., notional amounts) to another interest rate index. The Company has entered into pay fixed/receive variable interest rate swaps designated as fair value hedges of certain fixed rate loans. As a result, the Company receives variable-rate interest payments in exchange for making fixed-rate payments over the lives of the contracts without exchanging the notional amounts. The Company has also entered into receive fixed/pay variable interest rate swaps, designated as fair value hedges on its fixed rate subordinated debt offerings. As a result, the Company is paying a floating rate of three-month LIBOR plus 3.16% and is receiving semi-annual fixed payments of 5.00% to match the payments on the $150.0 million subordinated debt. For the fair value hedge on the Parent's $175.0 million subordinated debentures issued on June 16, 2016, the Company is paying a floating rate of three-month LIBOR plus 3.25% and is receiving quarterly fixed payments of 6.25% to match the payments on the debt. Derivatives Not Designated in Hedge Relationships Management also enters into certain foreign exchange derivative contracts and back-to-back interest rate swaps which are not designated as accounting hedges. Foreign exchange derivative contracts include spot, forward, and forward window contracts. The purpose of these derivative contracts is to mitigate foreign currency risk on transactions entered into, or on behalf of customers. Contracts with customers, along with the related derivative trades that the Company places, are both remeasured at fair value, and are referred to as economic hedges since they economically offset the Company's exposure. The Company's back-to-back interest rate swaps are used to manage long-term interest rate risk. Fair Value Hedges As of March 31, 2020 and December 31, 2019 , the following amounts are reflected on the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges: March 31, 2020 December 31, 2019 Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) Carrying Value of Hedged Assets/(Liabilities) Cumulative Fair Value Hedging Adjustment (1) (in thousands) Loans - HFI, net of deferred loan fees and costs $ 615,890 $ 95,128 $ 578,063 $ 53,292 Qualifying debt (324,145 ) (4,416 ) (319,197 ) 401 (1) Included in the carrying value of the hedged assets/(liabilities). For the Company's derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings in the same line item as the offsetting loss or gain on the related interest rate swaps. For loans, the gain or loss on the hedged item is included in interest income and for subordinated debt, the gain or loss on the hedged item is included in interest expense. Fair Values, Volume of Activity, and Gain/Loss Information Related to Derivative Instruments The following table summarizes the fair values of the Company's derivative instruments on a gross and net basis as of March 31, 2020 , December 31, 2019 , and March 31, 2019 . The change in the notional amounts of these derivatives from March 31, 2019 to March 31, 2020 indicates the volume of the Company's derivative transaction activity during these periods. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties. The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in other assets or other liabilities on the Consolidated Balance Sheets, as indicated in the following table: March 31, 2020 December 31, 2019 March 31, 2019 Fair Value Fair Value Fair Value Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities (in thousands) Derivatives designated as hedging instruments: Fair value hedges Interest rate swaps $ 859,086 $ 4,416 $ 95,128 $ 862,952 $ 1,778 $ 55,471 $ 961,493 $ 987 $ 48,332 Total 859,086 4,416 95,128 862,952 1,778 55,471 961,493 987 48,332 Netting adjustments (1) — — — — 21 21 — 987 987 Net derivatives in the balance sheet $ 859,086 $ 4,416 $ 95,128 $ 862,952 $ 1,757 $ 55,450 $ 961,493 $ — $ 47,345 Derivatives not designated as hedging instruments: Foreign currency contracts $ 9,280 $ 265 $ 228 $ 6,711 $ 44 $ 18 $ 42,113 $ 715 $ 511 Interest rate swaps 2,932 227 227 2,932 81 81 2,348 12 12 Total $ 12,212 $ 492 $ 455 $ 9,643 $ 125 $ 99 $ 44,461 $ 727 $ 523 (1) Netting adjustments represent the amounts recorded to convert the Company's derivative balances from a gross basis to a net basis in accordance with the applicable accounting guidance. Counterparty Credit Risk Like other financial instruments, derivatives contain an element of credit risk. This risk is measured as the expected positive replacement value of the contracts. Management generally enters into bilateral collateral and master netting agreements that provide for the net settlement of all contracts with the same counterparty. Additionally, management monitors counterparty credit risk exposure on each contract to determine appropriate limits on the Company's total credit exposure across all product types. In general, the Company has a zero credit threshold with regard to derivative exposure with counterparties. Management reviews the Company's collateral positions on a daily basis and exchanges collateral with counterparties in accordance with standard ISDA documentation and other related agreements. The Company generally holds collateral in the form of cash deposits or highly rated securities issued by the U.S. Treasury or government-sponsored enterprises, such as GNMA, FNMA, and FHLMC. The total collateral netted against net derivative liabilities totaled $95.1 million at March 31, 2020 , $55.5 million at December 31, 2019 , and $48.3 million at March 31, 2019 . The following table summarizes the Company's largest exposure to an individual counterparty at the dates indicated: March 31, 2020 December 31, 2019 March 31, 2019 (in thousands) Largest gross exposure (derivative asset) to an individual counterparty $ 4,264 $ 1,757 $ 987 Collateral posted by this counterparty — 1,610 — Derivative liability with this counterparty — — 32,250 Collateral pledged to this counterparty — — 40,035 Net exposure after netting adjustments and collateral $ 4,264 $ 147 $ — Credit Risk Contingent Features Management has entered into certain derivative contracts that require the Company to post collateral to the counterparties when these contracts are in a net liability position. Conversely, the counterparties may be required to post collateral when these contracts are in a net asset position. The amount of collateral to be posted is based on the amount of the net liability and exposure thresholds. As of March 31, 2020 , December 31, 2019 , and March 31, 2019 the aggregate fair value of all derivative contracts with credit risk contingent features (i.e., those containing collateral posting provisions) held by the Company that were in a net liability position totaled $95.1 million , $55.5 million , and $48.3 million , respectively. As of March 31, 2020 , the Company was in an over-collateralized net position of $22.4 million after considering $117.5 million of collateral held in the form of cash and securities. As of December 31, 2019 and March 31, 2019 , the Company was in an over-collateralized position of $29.2 million and $14.2 million |
Earnings per Share
Earnings per Share | 3 Months Ended |
Mar. 31, 2020 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Diluted EPS is based on the weighted average outstanding common shares during each period, including common stock equivalents. Basic EPS is based on the weighted average outstanding common shares during the period. The following table presents the calculation of basic and diluted EPS: Three Months Ended March 31, 2020 2019 (in thousands, except per share amounts) Weighted average shares - basic 101,328 104,033 Dilutive effect of stock awards 347 442 Weighted average shares - diluted 101,675 104,475 Net income $ 83,964 $ 120,796 Earnings per share - basic 0.83 1.16 Earnings per share - diluted 0.83 1.16 The Company had no anti-dilutive stock options outstanding at each of the periods ended March 31, 2020 and 2019 . |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | The Company's effective tax rate was 18.06% and 17.45% for the three months ended March 31, 2020 and 2019 , respectively. The increase in the effective tax rate from the three months ended March 31, 2019 is due primarily to a smaller benefit from the excess stock compensation deduction in 2020. As of March 31, 2020 , the net deferred tax asset was $27.5 million , an increase of $9.5 million from December 31, 2019 . This overall increase in the net deferred tax asset was primarily the result of an increase in the allowance for credit losses resulting from adoption of the new CECL accounting guidance, which increased the deferred tax asset by $8.7 million . For a detailed discussion of the impact of adoption, see "Note 1. Summary of Significant Accounting Policies ." Although realization is not assured, the Company believes that the realization of the recognized deferred tax asset of $27.5 million at March 31, 2020 is more-likely-than-not based on expectations as to future taxable income and based on available tax planning strategies that could be implemented if necessary to prevent a carryover from expiring. At March 31, 2020 and December 31, 2019 , the Company had no deferred tax valuation allowance. As of March 31, 2020 , the Company’s gross federal NOL carryovers after current year-to-date utilization, all of which are subject to limitations under Section 382 of the IRC, totaled approximately $45.5 million for which a deferred tax asset of $5.4 million has been recorded, reflecting the expected benefit of these federal NOL carryovers remaining. The Company also has varying gross amounts of state NOL carryovers, with the most significant in Arizona. The gross Arizona NOL carryovers totaled approximately $1.9 million . A deferred tax asset balance of $0.1 million as of March 31, 2020 has been recorded to reflect the expected benefit of all state NOL carryovers remaining. LIHTC and renewable energy projects The Company holds ownership interests in limited partnerships and limited liability companies that invest in affordable housing and renewable energy projects. These investments are designed to generate a return primarily through the realization of federal tax credits and deductions. The limited liability entities are considered to be VIEs; however, as a limited partner, the Company is not the primary beneficiary and is not required to consolidate these entities. Investments in LIHTC and renewable energy total $416.3 million and $409.4 million as of March 31, 2020 and December 31, 2019 , respectively. Unfunded LIHTC and renewable energy obligations are included as part of other liabilities on the Consolidated Balance Sheets and total $182.1 million and $191.0 million as of March 31, 2020 and December 31, 2019 , respectively. For the three months ended March 31, 2020 and 2019 , $7.4 million and $10.1 million |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Unfunded Commitments and Letters of Credit The Company is 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 letters of credit. They involve, to varying degrees, elements of credit risk in excess of amounts recognized on the Consolidated Balance Sheets. Lines of credit are obligations to lend money to a borrower. Credit risk arises when the borrower's current financial condition may indicate less ability to pay than when the commitment was originally made. In the case of letters of credit, the risk arises from the potential failure of the customer to perform according to the terms of a contract. In such a situation, the third party might draw on the letter of credit to pay for completion of the contract and the Company would look to its customer to repay these funds with interest. To minimize the risk, the Company uses the same credit policies in making commitments and conditional obligations as it would for a loan to that customer. Letters of credit and financial guarantees are commitments issued by the Company to guarantee the performance of a customer to a third party in borrowing arrangements. The Company generally has recourse to recover from the customer any amounts paid under the guarantees. Typically, letters of credit issued have expiration dates within one year . A summary of the contractual amounts for unfunded commitments and letters of credit are as follows: March 31, 2020 December 31, 2019 (in thousands) Commitments to extend credit, including unsecured loan commitments of $952,211 at March 31, 2020 and $895,175 at December 31, 2019 $ 7,362,311 $ 8,348,421 Credit card commitments and financial guarantees 323,052 302,909 Letters of credit, including unsecured letters of credit of $8,008 at March 31, 2020 and $5,850 at December 31, 2019 163,608 175,778 Total $ 7,848,971 $ 8,827,108 Commitments to extend credit are agreements to lend to a customer provided that there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. 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 Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. The Company has exposure to credit losses from unfunded commitments and letters of credit. As funds have not been disbursed on these commitments, they are not reported as loans outstanding. Credit losses related to these commitments are included in other liabilities as a separate loss contingency and are not included in the allowance for credit losses reported in " Note 3. Loans, Leases and Allowance for Credit Losses " of these Unaudited Consolidated Financial Statements. This loss contingency for unfunded loan commitments and letters of credit was $29.6 million and $9.0 million as of March 31, 2020 and December 31, 2019 , respectively. Changes to this liability are adjusted through the provision for credit losses in the Consolidated Income Statement. In addition, upon adoption of ASU 2016-13 on January 1, 2020, the Company recorded an increase of $15.1 million to this liability, which was recorded as an adjustment to retained earnings, net of tax. Concentrations of Lending Activities The Company’s lending activities are driven in large part by the customers served in the market areas where the Company has branch offices in the states of Arizona, Nevada, and California. Despite the geographic concentration of lending activities, the Company does not have a single external customer from which it derives 10% or more of its revenues. The Company monitors concentrations within four broad categories: geography, industry, product, and collateral. The Company's loan portfolio includes significant credit exposure to the CRE market. As of each of the periods ended March 31, 2020 and December 31, 2019 , CRE related loans accounted for approximately 42% and 45% of total loans, respectively. Substantially all of these loans are secured by first liens with an initial loan-to-value ratio of generally not more than 75% . Approximately 30% and 31% of these CRE loans, excluding construction and land loans, were owner-occupied at March 31, 2020 and December 31, 2019 , respectively. Contingencies The Company is involved in various lawsuits of a routine nature that are being handled and defended in the ordinary course of the Company’s business. Expenses are being incurred in connection with these lawsuits, but in the opinion of management, based in part on consultation with outside legal counsel, the resolution of these lawsuits and associated defense costs will not have a material impact on the Company’s financial position, results of operations, or cash flows. Lease Commitments The Company has operating leases under which it leases its branch offices, corporate headquarters, other offices, and data facility centers. Operating lease costs totaled $3.4 million and $3.3 million during the three months ended March 31, 2020 and 2019 , respectively. Other lease costs of $1.1 million during the three months ended March 31, 2020 and 2019 , which include common area maintenance, parking, and taxes, were included as part of occupancy expense. |
Fair Value Accounting
Fair Value Accounting | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Fair Value Accounting | The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach, and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. ASC 825 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 825 are described in " Note 1. Summary of Significant Accounting Policies " of these Notes to Unaudited Consolidated Financial Statements. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally-developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the Company’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein. A more detailed description of the valuation methodologies used for assets and liabilities measured at fair value is set forth below. Under ASC 825, the Company elected the FVO treatment for junior subordinated debt issued by WAL. This election is irrevocable and results in the recognition of unrealized gains and losses on these items at each reporting date. These unrealized gains and losses are recognized as part of other comprehensive income rather than earnings. The Company did not elect FVO treatment for the junior subordinated debt assumed in the Bridge Capital Holdings acquisition. For the three months ended March 31, 2020 and 2019 , unrealized gains and losses from fair value changes on junior subordinated debt were as follows: Three Months Ended March 31, 2020 2019 (in thousands) Unrealized gains/(losses) $ 8,695 $ (7,862 ) Changes included in OCI, net of tax 6,557 (5,928 ) Fair value on a recurring basis Financial assets and financial liabilities measured at fair value on a recurring basis include the following: AFS securities: Securities classified as AFS are reported at fair value utilizing Level 1 and Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include quoted prices in active markets, dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the bond’s terms and conditions, among other things. Equity securities: Preferred stock and CRA investments are reported at fair value utilizing Level 1 inputs. Independent pricing service: The Company's independent pricing service provides pricing information on the majority of the Company's Level 1 and Level 2 AFS securities. For a small subset of securities, other pricing sources are used, including observed prices on publicly traded securities and dealer quotes. Management independently evaluates the fair value measurements received from the Company's third-party pricing service through multiple review steps. First, management reviews what has transpired in the marketplace with respect to interest rates, credit spreads, volatility, and mortgage rates, among other things, and develops an expectation of changes to the securities' valuations from the previous quarter. Then, management selects a sample of investment securities and compares the values provided by its primary third-party pricing service to the market values obtained from secondary sources, including other pricing services and safekeeping statements, and evaluates those with notable variances. In instances where there are discrepancies in pricing from various sources and management expectations, management may manually price securities using currently observed market data to determine whether they can develop similar prices or may utilize bid information from broker dealers. Any remaining discrepancies between management’s review and the prices provided by the vendor are discussed with the vendor and/or the Company’s other valuation advisors. Interest rate swaps: Interest rate swaps are reported at fair value utilizing Level 2 inputs. The Company obtains dealer quotations to value its interest rate swaps. Junior subordinated debt: The Company estimates the fair value of its junior subordinated debt using a discounted cash flow model which incorporates the effect of the Company’s own credit risk in the fair value of the liabilities (Level 3). The Company’s cash flow assumptions are based on contractual cash flows as the Company anticipates that it will pay the debt according to its contractual terms. The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs as of the periods presented: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value (in thousands) March 31, 2020 Assets: Available-for-sale debt securities CDO $ — $ 7,351 $ — $ 7,351 Commercial MBS issued by GSEs — 104,641 — 104,641 Corporate debt securities 5,044 82,850 — 87,894 LIHTC development bonds — 30,000 — 30,000 Municipal securities — 6,683 — 6,683 Private label residential MBS — 1,180,517 — 1,180,517 Residential MBS issued by GSEs — 1,494,296 — 1,494,296 Tax-exempt — 740,711 — 740,711 Trust preferred securities 23,557 — — 23,557 U.S. treasury securities — 1,001 — 1,001 Total AFS debt securities $ 28,601 $ 3,648,050 $ — $ 3,676,651 Equity securities CRA investments $ 53,104 $ — $ — $ 53,104 Preferred stock 78,054 — — 78,054 Total equity securities $ 131,158 $ — $ — $ 131,158 Loans - HFS $ — $ 20,873 $ — $ 20,873 Derivative assets (1) — 4,908 — 4,908 Liabilities: Junior subordinated debt (2) $ — $ — $ 52,990 $ 52,990 Derivative liabilities (1) — 95,583 — 95,583 (1) Derivative assets and liabilities relate primarily to interest rate swaps, see " Note 8. Derivatives and Hedging Activities ." In addition, the carrying value of loans is increased by $95,128 and the net carrying value of subordinated debt is decreased by $4,416 as of March 31, 2020 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. (2) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value (in thousands) December 31, 2019 Assets: Available-for-sale debt securities CDO $ — $ 10,142 $ — $ 10,142 Commercial MBS issued by GSEs — 94,253 — 94,253 Corporate debt securities 5,127 94,834 — 99,961 Municipal securities — 7,773 — 7,773 Private label residential MBS — 1,129,227 — 1,129,227 Residential MBS issued by GSEs — 1,412,060 — 1,412,060 Tax-exempt — 554,855 — 554,855 Trust preferred securities 27,040 — — 27,040 U.S. government sponsored agency securities — 10,000 — 10,000 U.S. treasury securities — 999 — 999 Total AFS debt securities $ 32,167 $ 3,314,143 $ — $ 3,346,310 Equity securities CRA investments $ 52,504 $ — $ — $ 52,504 Preferred stock 86,197 — — 86,197 Total equity securities $ 138,701 $ — $ — $ 138,701 Loans - HFS $ — $ 21,803 $ — $ 21,803 Derivative assets (1) — 1,903 — 1,903 Liabilities: Junior subordinated debt (2) $ — $ — $ 61,685 $ 61,685 Derivative liabilities (1) — 55,570 — 55,570 (1) Derivative assets and liabilities relate primarily to interest rate swaps, see " Note 8. Derivatives and Hedging Activities ." In addition, the carrying value of loans is increased by $53,292 and the net carrying value of subordinated debt is decreased by $401 as of December 31, 2019 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. (2) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. For the three months ended March 31, 2020 and 2019 , the change in Level 3 liabilities measured at fair value on a recurring basis was as follows: Junior Subordinated Debt Three Months Ended March 31, 2020 2019 (in thousands) Beginning balance $ (61,685 ) $ (48,684 ) Change in fair value (1) 8,695 (7,862 ) Ending balance $ (52,990 ) $ (56,546 ) (1) Unrealized gains/(losses) attributable to changes in the fair value of junior subordinated debt are recorded as part of OCI, net of tax, and totaled $6.6 million and $(5.9) million for three months ended March 31, 2020 and 2019 , respectively. For Level 3 liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 , the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2020 Valuation Technique Significant Unobservable Inputs Input Value (in thousands) Junior subordinated debt $ 52,990 Discounted cash flow Implied credit rating of the Company 6.19 % December 31, 2019 Valuation Technique Significant Unobservable Inputs Input Value (in thousands) Junior subordinated debt $ 61,685 Discounted cash flow Implied credit rating of the Company 5.09 % The significant unobservable inputs used in the fair value measurement of the Company’s junior subordinated debt as of March 31, 2020 and December 31, 2019 was the implied credit risk for the Company. As of March 31, 2020 , the implied credit risk spread was calculated as the difference between the average of the 15-year 'BB' and 'BBB' rated financial indexes over the corresponding swap index. As of December 31, 2019 , the implied credit risk spread was calculated as the difference between the 15-year 'BB' rated financial index over the corresponding swap index. As of March 31, 2020 , the Company estimates the discount rate at 6.19% , which represents an implied credit spread of 4.74% plus three-month LIBOR ( 1.45% ). As of December 31, 2019 , the Company estimated the discount rate at 5.09% , which was a 3.18% credit spread plus three-month LIBOR ( 1.91% ). Fair value on a nonrecurring basis Certain assets are measured at fair value on a nonrecurring basis. That is, the assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of credit deterioration). The following table presents such assets carried on the Balance Sheet by caption and by level within the ASC 825 hierarchy: Fair Value Measurements at the End of the Reporting Period Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) As of March 31, 2020; Loans $ 154,978 $ — $ — $ 154,978 Other assets acquired through foreclosure 10,647 — — 10,647 As of December 31, 2019: Loans $ 110,272 $ — $ 110,272 Other assets acquired through foreclosure 13,850 — — 13,850 For Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2020 and December 31, 2019 , the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2020 Valuation Technique(s) Significant Unobservable Inputs Range (in thousands) Loans $ 154,978 Collateral method Third party appraisal Costs to sell 4.0% to 10.0% Discounted cash flow method Discount rate Contractual loan rate 4.0% to 7.0% Other assets acquired through foreclosure 10,647 Collateral method Third party appraisal Costs to sell 4.0% to 10.0% December 31, 2019 Valuation Technique(s) Significant Unobservable Inputs Range (in thousands) Loans $ 110,272 Collateral method Third party appraisal Costs to sell 4.0% to 10.0% Discounted cash flow method Discount rate Contractual loan rate 4.0% to 7.0% Scheduled cash collections Probability of default 0% to 20.0% Proceeds from non-real estate collateral Loss given default 0% to 70.0% Other assets acquired through foreclosure 13,850 Collateral method Third party appraisal Costs to sell 4.0% to 10.0% Loans: Loans measured at fair value on a nonrecurring basis include collateral dependent loans held for investment. The specific reserves for these loans are based on collateral value, net of estimated disposition costs and other identified quantitative inputs. Collateral value is determined based on independent third-party appraisals or internally-developed discounted cash flow analyses. Appraisals may utilize a single valuation approach or a combination of approaches, including comparable sales and the income approach. Fair value is determined, where possible, using market prices derived from an appraisal or evaluation, which are considered to be Level 2. However, certain assumptions and unobservable inputs are often used by the appraiser, therefore qualifying the assets as Level 3 in the fair value hierarchy. In addition, when adjustments are made to an appraised value to reflect various factors such as the age of the appraisal or known changes in the market or the collateral, such valuation inputs are considered unobservable and the fair value measurement is categorized as a Level 3 measurement. Internal discounted cash flow analyses are also utilized to estimate the fair value of these loans, which considers internally-developed, unobservable inputs such as discount rates, default rates, and loss severity. Total Level 3 collateral dependent loans had an estimated fair value of $155.0 million and $110.3 million at March 31, 2020 and December 31, 2019 , respectively, net of a specific valuation allowance of $6.4 million and $2.8 million at March 31, 2020 and December 31, 2019 , respectively. Other assets acquired through foreclosure: Other assets acquired through foreclosure consist of properties acquired as a result of, or in-lieu-of, foreclosure. These assets are initially reported at the fair value determined by independent appraisals using appraised value less estimated cost to sell. Such properties are generally re-appraised every twelve months. There is risk for subsequent volatility. Costs relating to the development or improvement of the assets are capitalized and costs relating to holding the assets are charged to expense. Fair value is determined, where possible, using market prices derived from an appraisal or evaluation, which are considered to be Level 2. However, certain assumptions and unobservable inputs are often used by the appraiser, therefore qualifying the assets as Level 3 in the fair value hierarchy. When significant adjustments are based on unobservable inputs, such as when a current appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the resulting fair value measurement has been categorized as a Level 3 measurement. The Company had $10.6 million and $13.9 million of such assets at March 31, 2020 and December 31, 2019 , respectively. Fair Value of Financial Instruments The estimated fair value of the Company’s financial instruments is as follows: March 31, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in thousands) Financial assets: Investment securities: HTM $ 483,775 $ — $ 530,062 $ — $ 530,062 AFS 3,676,651 28,601 3,648,050 — 3,676,651 Equity 131,158 131,158 — — 131,158 Derivative assets 4,908 — 4,908 — 4,908 Loans, net 22,930,812 — — 23,347,279 23,347,279 Accrued interest receivable 106,777 — 106,777 — 106,777 Financial liabilities: Deposits $ 24,830,681 $ — $ 24,849,522 $ — $ 24,849,522 Customer repurchase agreements 22,980 — 22,980 — 22,980 Qualifying debt 389,893 — 304,451 63,241 367,692 Derivative liabilities 95,583 — 95,583 — 95,583 Accrued interest payable 16,565 — 16,565 — 16,565 December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in thousands) Financial assets: Investment securities: HTM $ 485,107 $ — $ 516,261 $ — $ 516,261 AFS 3,346,310 32,167 3,314,143 — 3,346,310 Equity securities 138,701 138,701 — — 138,701 Derivative assets 1,903 — 1,903 — 1,903 Loans, net 20,955,499 — — 21,256,462 21,256,462 Accrued interest receivable 108,694 — 108,694 — 108,694 Financial liabilities: Deposits $ 22,796,493 $ — $ 22,813,265 $ — $ 22,813,265 Customer repurchase agreements 16,675 — 16,675 — 16,675 Qualifying debt 393,563 — 332,635 74,155 406,790 Derivative liabilities 55,570 — 55,570 — 55,570 Accrued interest payable 24,661 — 24,661 — 24,661 Interest rate risk The Company assumes interest rate risk (the risk to the Company’s earnings and capital from changes in interest rate levels) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments, as well as its future net interest income, will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Interest rate risk exposure is measured using interest rate sensitivity analysis to determine the Company's change in EVE and net interest income resulting from hypothetical changes in interest rates. If potential changes to EVE and net interest income resulting from hypothetical interest rate changes are not within the limits established by the BOD, the BOD may direct management to adjust the asset and liability mix to bring interest rate risk within BOD-approved limits. WAB has an ALCO charged with managing interest rate risk within the BOD-approved limits. Limits are structured to preclude an interest rate risk profile that does not conform to both management and BOD risk tolerances without ALCO approval. There is also ALCO reporting at the Parent level for reviewing interest rate risk for the Company, which gets reported to the BOD and its Finance and Investment Committee. Fair value of commitments The estimated fair value of standby letters of credit outstanding at March 31, 2020 and December 31, 2019 approximates zero as there have been no significant changes in borrower creditworthiness. Loan commitments on which the committed interest rates are less than the current market rate are insignificant at March 31, 2020 and December 31, 2019 . |
Segments
Segments | 3 Months Ended |
Mar. 31, 2020 | |
Segment Reporting [Abstract] | |
Segments | The Company's reportable segments are aggregated based primarily on geographic location, services offered, and markets served. The Company's regional segments, which include Arizona, Nevada, Southern California, and Northern California, provide full service banking and related services to their respective markets. The operations from the regional segments correspond to the following banking divisions: ABA in Arizona, BON and FIB in Nevada, TPB in Southern California, and Bridge in Northern California. The Company's NBL segments provide specialized banking services to niche markets. The Company's NBL reportable segments include HOA Services, Public & Nonprofit Finance, Technology & Innovation, HFF, and Other NBLs. These NBLs are managed centrally and are broader in geographic scope than the Company's other segments, though still predominately located within the Company's core market areas. The Corporate & Other segment consists of corporate-related items, income and expense items not allocated to the Company's other reportable segments, and inter-segment eliminations. The Company's segment reporting process begins with the assignment of all loan and deposit accounts directly to the segments where these products are originated and/or serviced. Equity capital is assigned to each segment based on the risk profile of their assets and liabilities. With the exception of goodwill, which is assigned a 100% weighting, equity capital allocations ranged from 0% to 12% during the year, with a funds credit provided for the use of this equity as a funding source. Any excess or deficient equity not allocated to segments based on risk is assigned to the Corporate & Other segment. Net interest income, provision for credit losses, and non-interest expense amounts are recorded in their respective segment to the extent that the amounts are directly attributable to those segments. Net interest income is recorded in each segment on a TEB with a corresponding increase in income tax expense, which is eliminated in the Corporate & Other segment. Further, net interest income of a reportable segment includes a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics. Using this funds transfer pricing methodology, liquidity is transferred between users and providers. A net user of funds has lending/investing in excess of deposits/borrowings and a net provider of funds has deposits/borrowings in excess of lending/investing. A segment that is a user of funds is charged for the use of funds, while a provider of funds is credited through funds transfer pricing, which is determined based on the average life of the assets or liabilities in the portfolio. Residual funds transfer pricing mismatches are allocable to the Corporate & Other segment and presented as part of net interest income. The net income amount for each reportable segment is further derived by the use of expense allocations. Certain expenses not directly attributable to a specific segment are allocated across all segments based on key metrics, such as number of employees, average loan balances, and average deposit balances. These types of expenses include information technology, operations, human resources, finance, risk management, credit administration, legal, and marketing. Income taxes are applied to each segment based on the effective tax rate for the geographic location of the segment. Any difference in the corporate tax rate and the aggregate effective tax rates in the segments are adjusted in the Corporate & Other segment. The following is a summary of operating segment information for the periods indicated: Regional Segments Balance Sheet: Consolidated Company Arizona Nevada Southern California Northern California At March 31, 2020 (in millions) Assets: Cash, cash equivalents, and investment securities $ 4,771.0 $ 2.0 $ 13.1 $ 2.0 $ 1.6 Loans, net of deferred loan fees and costs 23,166.2 3,960.3 2,296.5 2,263.2 1,429.2 Less: allowance for credit losses (235.3 ) (28.9 ) (20.3 ) (13.6 ) (12.1 ) Total loans 22,930.9 3,931.4 2,276.2 2,249.6 1,417.1 Other assets acquired through foreclosure, net 10.6 — 9.3 1.3 — Goodwill and other intangible assets, net 297.2 — 23.2 — 154.4 Other assets 1,148.5 54.2 53.4 14.4 14.8 Total assets $ 29,158.2 $ 3,987.6 $ 2,375.2 $ 2,267.3 $ 1,587.9 Liabilities: Deposits $ 24,830.7 $ 6,529.5 $ 4,245.2 $ 3,027.6 $ 2,508.7 Borrowings and qualifying debt 697.9 — — — — Other liabilities 630.0 23.0 12.6 2.6 16.2 Total liabilities 26,158.6 6,552.5 4,257.8 3,030.2 2,524.9 Allocated equity: 2,999.6 495.8 305.3 260.8 327.8 Total liabilities and stockholders' equity $ 29,158.2 $ 7,048.3 $ 4,563.1 $ 3,291.0 $ 2,852.7 Excess funds provided (used) — 3,060.7 2,187.9 1,023.7 1,264.8 Income Statement: Three Months Ended March 31, 2020 (in thousands) Net interest income $ 269,020 $ 65,404 $ 43,147 $ 32,390 $ 25,886 Provision for (recovery of) credit losses 51,176 6,571 3,684 3,249 4,295 Net interest income after provision for credit losses 217,844 58,833 39,463 29,141 21,591 Non-interest income 5,109 1,684 2,818 1,193 2,391 Non-interest expense (120,481 ) (23,870 ) (15,100 ) (15,434 ) (13,668 ) Income (loss) before income taxes 102,472 36,647 27,181 14,900 10,314 Income tax expense (benefit) 18,508 9,032 5,649 4,031 2,845 Net income $ 83,964 $ 27,615 $ 21,532 $ 10,869 $ 7,469 National Business Lines Balance Sheet: HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other At March 31, 2020 Assets: (in millions) Cash, cash equivalents, and investment securities $ — $ — $ — $ — $ 17.2 $ 4,735.1 Loans, net of deferred loan fees and costs 233.5 1,659.2 2,054.1 1,978.4 7,288.3 3.5 Less: allowance for credit losses (5.2 ) (16.2 ) (43.1 ) (20.1 ) (75.8 ) — Total loans 228.3 1,643.0 2,011.0 1,958.3 7,212.5 3.5 Other assets acquired through foreclosure, net — — — — — — Goodwill and other intangible assets, net — — 119.5 0.1 — — Other assets 4.5 12.0 9.9 9.0 81.1 895.2 Total assets $ 232.8 $ 1,655.0 $ 2,140.4 $ 1,967.4 $ 7,310.8 $ 5,633.8 Liabilities: Deposits $ 3,539.6 $ — $ 4,154.5 $ — $ 51.1 $ 774.5 Borrowings and qualifying debt — — — — — 697.9 Other liabilities 1.7 94.0 0.2 (0.7 ) 24.2 456.2 Total liabilities 3,541.3 94.0 4,154.7 (0.7 ) 75.3 1,928.6 Allocated equity: 98.9 127.6 371.8 158.4 575.0 278.2 Total liabilities and stockholders' equity $ 3,640.2 $ 221.6 $ 4,526.5 $ 157.7 $ 650.3 $ 2,206.8 Excess funds provided (used) 3,407.4 (1,433.4 ) 2,386.1 (1,809.7 ) (6,660.5 ) (3,427.0 ) Income Statement: Three Months Ended March 31, 2020 (in thousands) Net interest income $ 22,883 $ 1,911 $ 41,674 $ 13,477 $ 37,427 $ (15,179 ) Provision for (recovery of) credit losses 708 (1,062 ) 18,283 5,829 9,284 335 Net interest income after provision for credit losses 22,175 2,973 23,391 7,648 28,143 (15,514 ) Non-interest income 126 — 2,975 — 615 (6,693 ) Non-interest expense (10,698 ) (1,854 ) (13,275 ) (2,435 ) (11,898 ) (12,249 ) Income (loss) before income taxes 11,603 1,119 13,091 5,213 16,860 (34,456 ) Income tax expense (benefit) 2,755 480 2,916 1,044 3,669 (13,913 ) Net income $ 8,848 $ 639 $ 10,175 $ 4,169 $ 13,191 $ (20,543 ) Regional Segments Balance Sheet: Consolidated Company Arizona Nevada Southern California Northern California At December 31, 2019 (in millions) Assets: Cash, cash equivalents, and investment securities $ 4,471.2 $ 1.8 $ 9.0 $ 2.3 $ 2.2 Loans, net of deferred loan fees and costs 21,123.3 3,847.9 2,252.5 2,253.9 1,311.2 Less: allowance for credit losses (167.8 ) (31.6 ) (18.0 ) (18.3 ) (9.7 ) Total loans 20,955.5 3,816.3 2,234.5 2,235.6 1,301.5 Other assets acquired through foreclosure, net 13.9 — 13.0 0.9 — Goodwill and other intangible assets, net 297.6 — 23.2 — 154.6 Other assets 1,083.7 48.6 59.4 15.0 19.8 Total assets $ 26,821.9 $ 3,866.7 $ 2,339.1 $ 2,253.8 $ 1,478.1 Liabilities: Deposits $ 22,796.5 $ 5,384.7 $ 4,350.1 $ 2,585.3 $ 2,373.6 Borrowings and qualifying debt 393.6 — — — — Other liabilities 615.1 17.8 11.9 1.2 15.9 Total liabilities 23,805.2 5,402.5 4,362.0 2,586.5 2,389.5 Allocated equity: 3,016.7 453.6 301.0 253.3 312.5 Total liabilities and stockholders' equity $ 26,821.9 $ 5,856.1 $ 4,663.0 $ 2,839.8 $ 2,702.0 Excess funds provided (used) — 1,989.4 2,323.9 586.0 1,223.9 Income Statement: Three Months Ended March 31, 2019 (in thousands) Net interest income $ 247,336 $ 55,226 $ 39,096 $ 30,477 $ 23,033 Provision for (recovery of) credit losses 4,536 161 533 733 (719 ) Net interest income (expense) after provision for credit losses 242,800 55,065 38,563 29,744 23,752 Non-interest income 15,410 1,521 2,573 1,001 2,220 Non-interest expense (111,878 ) (22,248 ) (15,781 ) (14,583 ) (13,490 ) Income (loss) before income taxes 146,332 34,338 25,355 16,162 12,482 Income tax expense (benefit) 25,536 8,584 5,325 4,525 3,495 Net income $ 120,796 $ 25,754 $ 20,030 $ 11,637 $ 8,987 National Business Lines Balance Sheet: HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other At December 31, 2019 Assets: (in millions) Cash, cash equivalents, and investment securities $ — $ — $ — $ — $ 10.1 $ 4,445.8 Loans, net of deferred loan fees and costs 237.2 1,635.6 1,552.0 1,930.8 6,098.7 3.5 Less: allowance for credit losses (2.0 ) (13.7 ) (12.6 ) (12.6 ) (49.3 ) — Total loans 235.2 1,621.9 1,539.4 1,918.2 6,049.4 3.5 Other assets acquired through foreclosure, net — — — — — — Goodwill and other intangible assets, net — — 119.7 0.1 — — Other assets 1.2 18.3 7.3 8.8 64.3 841.0 Total assets $ 236.4 $ 1,640.2 $ 1,666.4 $ 1,927.1 $ 6,123.8 $ 5,290.3 Liabilities: Deposits $ 3,210.1 $ 0.1 $ 3,771.5 $ — $ 36.9 $ 1,084.2 Borrowings and qualifying debt — — — — — 393.6 Other liabilities 1.8 52.9 0.1 — 2.8 510.7 Total liabilities 3,211.9 53.0 3,771.6 — 39.7 1,988.5 Allocated equity: 84.5 131.6 317.5 158.5 494.3 509.9 Total liabilities and stockholders' equity $ 3,296.4 $ 184.6 $ 4,089.1 $ 158.5 $ 534.0 $ 2,498.4 Excess funds provided (used) 3,060.0 (1,455.6 ) 2,422.7 (1,768.6 ) (5,589.8 ) (2,791.9 ) Income Statement: Three Months Ended March 31, 2019 (in thousands) Net interest income (expense) $ 20,641 $ 3,423 $ 29,403 $ 12,944 $ 25,691 $ 7,402 Provision for (recovery of) credit losses (27 ) (41 ) (917 ) 799 2,978 1,036 Net interest income (expense) after provision for credit losses 20,668 3,464 30,320 12,145 22,713 6,366 Non-interest income 96 — 3,362 — 657 3,980 Non-interest expense (8,460 ) (1,907 ) (11,889 ) (2,398 ) (9,336 ) (11,786 ) Income (loss) before income taxes 12,304 1,557 21,793 9,747 14,034 (1,440 ) Income tax expense (benefit) 2,830 358 5,012 2,242 3,228 (10,063 ) Net income $ 9,474 $ 1,199 $ 16,781 $ 7,505 $ 10,806 $ 8,623 |
Revenue from Contracts with Cus
Revenue from Contracts with Customers (Notes) | 3 Months Ended |
Mar. 31, 2020 | |
Revenue from Contracts with Customers [Abstract] | |
Revenue from Contract with Customer [Text Block] | 14. REVENUE FROM CONTRACTS WITH CUSTOMERS ASC 606, Revenue from Contracts with Customers, requires revenue to be recognized at an amount that reflects the consideration to which the entity expects to be entitled in exchange for transferring goods or services to a customer. ASC 606 applies to all contracts with customers to provide goods or services in the ordinary course of business, except for contracts that are specifically excluded from its scope. The majority of the Company’s revenue streams including interest income, credit and debit card fees, income from equity investments including warrants and SBIC equity income, income from bank owned life insurance, foreign currency income, lending related income, and gains and losses on sales of investment securities are outside the scope of ASC 606. Revenue streams including service charges and fees, interchange fees on credit and debit cards, and success fees are within the scope of ASC 606. Disaggregation of Revenue The following table represents a disaggregation of revenue from contracts with customers for the periods indicated along with the reportable segment for each revenue category: Regional Segments Consolidated Company Arizona Nevada Southern California Northern California Three Months Ended March 31, 2020 (in thousands) Revenue from contracts with customers: Service charges and fees $ 6,404 $ 1,262 $ 2,181 $ 918 $ 1,032 Debit and credit card interchange (1) 1,411 321 261 136 686 Success fees (2) 135 — — — 135 Other income 95 5 6 (4 ) 26 Total revenue from contracts with customers $ 8,045 $ 1,588 $ 2,448 $ 1,050 $ 1,879 Revenues outside the scope of ASC 606 (3) (2,936 ) 96 370 143 512 Total non-interest income $ 5,109 $ 1,684 $ 2,818 $ 1,193 $ 2,391 National Business Lines HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other Three Months Ended March 31, 2020 (in thousands) Revenue from contracts with customers: Service charges and fees $ 116 $ — $ 893 $ — $ 2 $ — Debit and credit card interchange (1) 7 — — — — — Success fees (2) — — — — — — Other income 1 — — — 49 12 Total revenue from contracts with customers $ 124 $ — $ 893 $ — $ 51 $ 12 Revenues outside the scope of ASC 606 (3) 2 — 2,082 — 564 (6,705 ) Total non-interest income $ 126 $ — $ 2,975 $ — $ 615 $ (6,693 ) (1) Included as part of Card income in the Consolidated Income Statement. (2) Included as part of Income from equity investments in the Consolidated Income Statement. (3) Amounts are accounted for under separate guidance. Refer to discussion of revenue sources not subject to ASC 606 under the Non-interest income section in " Note 1. Summary of Significant Accounting Policies ." Regional Segments Consolidated Company Arizona Nevada Southern California Northern California Three Months Ended March 31, 2019 (in thousands) Revenue from contracts with customers: Service charges and fees $ 5,412 $ 1,079 $ 1,915 $ 726 $ 890 Debit and credit card interchange (1) 1,865 337 376 173 971 Success fees (2) 435 — — — — Other income 119 9 23 9 26 Total revenue from contracts with customers $ 7,831 $ 1,425 $ 2,314 $ 908 $ 1,887 Revenues outside the scope of ASC 606 (3) 7,579 96 259 93 333 Total non-interest income $ 15,410 $ 1,521 $ 2,573 $ 1,001 $ 2,220 National Business Lines HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other Three Months Ended March 31, 2019 (in thousands) Revenue from contracts with customers: Service charges and fees $ 88 $ — $ 713 $ — $ 1 $ — Debit and credit card interchange (1) 8 — — — — — Success fees (2) — — 435 — — — Other income — — — — 38 14 Total revenue from contracts with customers $ 96 $ — $ 1,148 $ — $ 39 $ 14 Revenues outside the scope of ASC 606 (3) — — 2,214 — 618 3,966 Total non-interest income $ 96 $ — $ 3,362 $ — $ 657 $ 3,980 (1) Included as part of Card income in the Consolidated Income Statement. (2) Included as part of Income from equity investments in the Consolidated Income Statement. (3) Amounts are accounted for under separate guidance. Refer to discussion of revenue sources not subject to ASC 606 under the Non-interest income section in " Note 1. Summary of Significant Accounting Policies ." Performance Obligations Many of the services the Company performs for its customers are ongoing, and either party may cancel at any time. The fees for these contracts are dependent upon various underlying factors, such as customer deposit balances, and as such may be considered variable. The Company’s performance obligations for these services are satisfied as the services are rendered and payment is collected on a monthly, quarterly, or semi-annual basis. Other contracts with customers are for services to be provided at a point in time, and fees are recognized at the time such services are rendered. The Company had no material unsatisfied performance obligations as of March 31, 2020 . The revenue streams within the scope of ASC 606 are described in further detail below. Service Charges and Fees The Company performs deposit account services for its customers, which include analysis and treasury management services, use of safe deposit boxes, check upcharges, and other ancillary services. The depository arrangements the Company holds with its customers are considered day-to-day contracts with ongoing renewals and optional purchases, and as such, the contract duration does not extend beyond the services performed. Due to the short-term nature of such contracts, the Company generally recognizes revenue for deposit related fees as services are rendered. From time to time, the Company may waive certain fees for its customers. The Company considers historical experience when recognizing revenue from contracts with customers, and may reduce the transaction price to account for fee waivers or refunds. Debit and Credit Card Interchange When a credit or debit card issued by the Company is used to purchase goods or services from a merchant, the Company earns an interchange fee. The Company considers the merchant its customer in these transactions as the Company provides the merchant with the service of enabling the cardholder to purchase the merchant’s goods or services with increased convenience, and it enables the merchants to transact with a class of customer that may not have access to sufficient funds at the time of purchase. The Company acts as an agent to the payment network by providing nightly settlement services between the network and the merchant. This transmission of data and funds represents the Company’s performance obligation and is performed nightly. As the payment network is in direct control of setting the rates and the Company is acting as an agent, the interchange fee is recorded net of expenses as the services are provided. Success Fees Success fees are one-time fees detailed as part of certain loan agreements and are earned immediately upon occurrence of a triggering event. Examples of triggering events include: a borrower obtaining its next round of funding, an acquisition, or completion of a public offering. Success fees are variable consideration as the transaction price can vary and is contingent on the occurrence or non-occurrence of a future event. As the consideration is highly susceptible to factors outside of the Company’s influence and uncertainty about the amount of consideration is not expected to be resolved for an extended period of time, the variable consideration is constrained and is not recognized until the achievement of the triggering event. Principal versus Agent Considerations When more than one party is involved in providing goods or services to a customer, ASC 606 requires the Company to determine whether it is the principal or an agent in these transactions by evaluating the nature of its promise to the customer. An entity is a principal and therefore records revenue on a gross basis, if it controls a promised good or service before transferring that good or service to the customer. An entity is an agent and records as revenue the net amount it retains for its agency services if its role is to arrange for another entity to provide the goods or services. The Company most commonly acts as a principal and records revenue on a gross basis, except in certain circumstances. As an example, revenues earned from interchange fees, in which the Company acts as an agent, are recorded as non-interest income, net of the related expenses paid to the principal. Contract Balances The timing of revenue recognition may differ from the timing of cash settlements or invoicing to customers. The Company records contract liabilities, or deferred revenue, when payments from customers are received or due in advance of providing services to customers. The Company generally receives payments for its services during the period or at the time services are provided, therefore, does not have material contract liability balances at period-end. The Company records contract assets or receivables when revenue is recognized prior to receipt of cash from the customer. Accounts receivable totals $1.7 million and $1.6 million at each of the periods ended March 31, 2020 and December 31, 2019 , respectively, and are presented in Other assets on the Consolidated Balance Sheets. |
Subsequent Events (Notes)
Subsequent Events (Notes) | 3 Months Ended |
Mar. 31, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | 15. SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed the events occurring through the date of this report, and other than discussion of the COVID-19 pandemic below, there were no subsequent events that require additional disclosure or adjustment to amounts reported in the Company's consolidated financial statements as of and for the three months ended March 31, 2020 . Impact of and Response to the COVID-19 Pandemic The ongoing COVID-19 global and national health emergency has caused significant disruption in the United States and international economies and financial markets. Although banks have generally been permitted to continue operating, the COVID-19 pandemic has caused disruptions to our business and could cause material disruptions to our business and operations in the future. Subsequent to March 31, 2020 , the Company has continued its efforts to support its customers affected by the pandemic and to maintain asset quality and balance sheet strength, including the following: • Providing loans through the SBA's Paycheck Protection Program. By streamlining processes, the Bank has approved approximately 4,630 applications totaling $1.9 billion to date. • Offering flexible repayment options and a streamlined loan modification process, when appropriate. The Company has selectively implemented modifications on approximately 150 loans totaling $570.0 million to date. • Granting forbearance requests on approximately 270 residential mortgage loans totaling $158.0 million to date. • Draws on unfunded loan commitments totaled approximately $455.0 million in April 2020. • Maintaining a broad-based risk management strategy, including tightened underwriting standards, placing limits on originations to high risk industries, and related mitigation strategies by segments. • The Company has temporarily suspended its stock repurchase program through June 30, 2020. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Nature of Operation | Nature of operation WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of deposit, lending, treasury management, international banking, and online banking products and services through its wholly-owned banking subsidiary, WAB. WAB operates the following full-service banking divisions: ABA, BON, FIB, Bridge, and TPB. The Company also serves business customers through a national platform of specialized financial services. In addition, the Company has two non-bank subsidiaries: LVSP, which held and managed certain OREO properties, and CSI, a captive insurance company formed and licensed under the laws of the State of Arizona and established as part of the Company's overall enterprise risk management strategy. |
Basis of Presentation | Basis of presentation The accounting and reporting policies of the Company are in accordance with GAAP and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiaries are included in the Consolidated Financial Statements. |
Use of Estimates | Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates and judgments are ongoing and are based on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities, as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from those estimates and assumptions used in the Consolidated Financial Statements and related notes. Material estimates that are susceptible to significant changes in the near term, particularly to the extent the impact of the pandemic is prolonged and economic conditions worsen or persist longer than expected, relate to: the determination of the allowance for credit losses; certain assets and liabilities carried at fair value; and accounting for income taxes. |
Principles of Consolidation | Principles of consolidation As of March 31, 2020 , WAL has the following significant wholly-owned subsidiaries: WAB and eight unconsolidated subsidiaries used as business trusts in connection with the issuance of trust-preferred securities. The Bank has the following significant wholly-owned subsidiaries: WABT, which holds certain investment securities, municipal and nonprofit loans, and leases; WA PWI, which holds certain limited partnerships invested primarily in low income housing tax credits and small business investment corporations; and BW Real Estate, Inc., which operates as a real estate investment trust and holds certain of WAB's real estate loans and related securities. The Company does not have any other significant entities that should be consolidated. All significant intercompany balances and transactions have been eliminated in consolidation. |
Reclassifications | Reclassifications Certain amounts reported in prior periods may have been reclassified in the Consolidated Financial Statements to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported. |
Investment Securities | Investment securities Investment securities include debt and equity securities. Debt securities may be classified as HTM, AFS, or trading. The appropriate classification is initially decided at the time of purchase. Securities classified as HTM are those debt securities that the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. The sale of an HTM security within three months of its maturity date or after the majority of the principal outstanding has been collected is considered a maturity for purposes of classification and disclosure. Securities classified as AFS are securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as AFS would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, decline in credit quality, and regulatory capital considerations. HTM securities are carried at amortized cost. AFS securities are carried at their estimated fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. When AFS debt securities are sold, the unrealized gains or losses are reclassified from OCI to non-interest income. Trading securities are carried at their estimated fair value, with changes in fair value reported in earnings as part of non-interest income. Equity securities are carried at their estimated fair value, with changes in fair value reported in earnings as part of non-interest income. Interest income is recognized based on the coupon rate and includes the amortization of purchase premiums and the accretion of purchase discounts. Premiums and discounts on investment securities are generally amortized or accreted over the contractual life of the security using the interest method, adjusted for prepayment estimates. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time its principal or interest payments become 90 days past due. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income. |
Credit Loss, Financial Instrument [Policy Text Block] | Allowance for credit losses on investment securities On January 1, 2020, the Company adopted the amendments within ASU 2016-13, which replaces the legacy US GAAP OTTI model with a credit loss model. For discussion of the former OTTI methodology, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2019 . The credit loss model under ASC 326-20, applicable to HTM debt securities, requires recognition of lifetime expected credit losses through an allowance account at the time the security is purchased. The Company measures expected credit losses on its HTM debt securities on a collective basis by major security type. The Company's HTM securities portfolio consists of low income housing tax-exempt bonds, which share similar risk characteristics with the Company's CRE, non-owner occupied or construction and land loan pools, given the similarity in underlying assets or collateral. Accordingly, expected credit losses on HTM securities are estimated using the same models and approaches as these loan pools, which utilize risk parameters (probability of default, loss given default, and exposure at default) in the measurement of expected credit losses. The historical data used to estimate probability of default and severity of loss in the event of default is derived or obtained from internal and external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical losses. Accrued interest receivable on the HTM securities, which is included in other assets on the Consolidated Balance Sheet, is excluded from the estimate of expected credit losses. The credit loss model under ASC 326-30, applicable to AFS debt securities, requires recognition of credit losses through an allowance account, but retains the concept from the OTTI model that credit losses are recognized once securities become impaired. For AFS debt securities, a decline in fair value due to credit loss results in recognition of an allowance for credit losses. Impairment may result from credit deterioration of the issuer or collateral underlying the security. The assessment of determining if a decline in fair value resulted from a credit loss is performed at the individual security level. Among other factors, the Company considers: 1) the extent to which the fair value is less than the amortized cost basis; 2) the financial condition and near term prospects of the issuer, including consideration of relevant financial metrics or ratios of the issuer; 3) any adverse conditions related to an industry or geographic area of an issuer; 4) any changes to the rating of the security by a rating agency; and 5) any past due principal or interest payments from the issuer. If an assessment of the above factors indicates that a credit loss exists, the Company records an allowance for credit losses for the excess of the amortized cost basis over the present value of cash flows expected to be collected, limited to the amount that the security's fair value is less than its amortized cost basis. Subsequent changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Interest accruals and amortization and accretion of premiums and discounts are suspended when the credit loss is recognized in earnings. Any interest received after the security has been placed on nonaccrual status is recognized on a cash basis. Accrued interest receivable on AFS securities, which is included in other assets on the Consolidated Balance Sheet, is excluded from the estimate of expected credit losses. For each AFS security in an unrealized loss position, the Company also considers: 1) its intent to retain the security until anticipated recovery of the security's fair value; and 2) whether it is more-likely-than not that the Company would be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the debt security is written down to its fair value and the write-down is charged against the allowance for credit losses with any incremental impairment recorded in earnings. Writeoffs are made through reversal of the allowance for credit losses and direct writeoff of the amortized cost basis of the AFS security. The Company considers the following events to be indicators that a writeoff should be taken: 1) bankruptcy of the issuer; 2) significant adverse event(s) affecting the issuer in which it is improbable for the issuer to make its remaining payments on the security; and 3) significant loss of value of the underlying collateral behind a security. Recoveries on debt securities, if any, are recorded in the period received. Off-balance sheet credit exposures, including unfunded loan commitments The Company maintains a separate allowance for credit losses from off-balance-sheet credit exposures, including unfunded loan commitments, financial guarantees, and letters of credit, which is included in other liabilities on the Consolidated Balance Sheet. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, an estimate of exposure at default that is derived from utilization rate assumptions using a non-modeled approach, and PD and LGD estimates that are derived from the same models and approaches for the Company's other loan portfolio segments described above as these unfunded commitments share similar risk characteristics with these loan portfolio segments. No credit loss estimate is reported for off-balance sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. |
Restricted Stock | Restricted stock WAB is a member of the Federal Reserve System and, as part of its membership, is required to maintain stock in the FRB in a specified ratio to its capital. In addition, WAB is a member of the FHLB system and, accordingly, maintains an investment in capital stock of the FHLB based on the borrowing capacity used. The Bank also maintains an investment in its primary correspondent bank. These investments are considered equity securities with no actively traded market. Therefore, the shares are considered restricted investment securities. These investments are carried at cost, which is equal to the value at which they may be redeemed. The dividend income received from the stock is reported in interest income. The Company conducts a periodic review and evaluation of its restricted stock to determine if any impairment exists. No impairment has been recorded to date. |
Loans, Interest and Fees from Loans | Loans held for sale Loans held for sale consist of loans that the Company originates (or acquires) and intends to sell. These loans are carried at the lower of aggregate cost or fair value. Fair value is determined based on quoted fair market values or, when not available, discounted cash flows or appraisals of underlying collateral or the credit quality of the borrower. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily and loan origination fees and costs are deferred and included in the cost basis of the loan. The Company issues various representations and warranties associated with these loan sales. The Company has not experienced any losses as a result of these representations and warranties. Loans held for investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the amount of unpaid principal, adjusted for unamortized net deferred fees and costs, premiums and discounts, and writeoffs. In addition, the amortized cost of loans subject to a fair value hedge are adjusted for changes in value attributable to the effective portion of the hedged benchmark interest rate risk. The Company may also purchase loans or acquire loans through a business combination. At the purchase or acquisition date, loans are evaluated to determine if there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as PCD loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, the Company takes into consideration loan grades, loan-to-values greater than policy limits, past due and nonaccrual status, and TDR loans. The Company may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, number of times past due, and standard deviations corresponding to FICO score or band. The initial estimate of credit losses on PCD loans is added to the purchase price on the acquisition date to establish the initial amortized cost basis of the loan; accordingly, the initial recognition of expected credit losses has no impact on net income. When the initial measurement of expected credit losses on PCD loans are calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the allowance for credit losses on PCD loans are recorded through the provision for credit losses. For purchased loans that are not deemed to have experienced more than insignificant credit deterioration since origination, any discounts or premiums included in the purchase price are accreted (or amortized) over the contractual life of the individual loan. For additional information, see " Note 3. Loans, Leases and Allowance for Credit Losses " of these Notes to Unaudited Consolidated Financial Statements. Loan fees collected for the origination of loans less direct loan origination costs (net of deferred loan fees), as well as premiums and discounts and certain purchase accounting adjustments, are amortized over the contractual life of the loan through interest income. If a loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If a loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of premiums, discounts, or net deferred fees are recognized as interest income. Nonaccrual loans When a borrower discontinues making payments as contractually required by the note, the Company must determine whether it is appropriate to continue to accrue interest. The Company ceases accruing interest income when the loan has become delinquent by more than 90 days or when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely. Past due status is based on the contractual terms of the loan. The Company may decide to continue to accrue interest on certain loans more than 90 days delinquent if the loans are well secured by collateral and in the process of collection. For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed, and the Company makes a loan-level decision to apply either the cash basis or cost recovery method. The Company may recognize income on a cash basis when a payment is received and only for those nonaccrual loans for which the collection of the remaining principal balance is not in doubt. Under the cost recovery method, subsequent payments received from the customer are applied to principal and generally no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. Loans are returned to accrual status when all of the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Troubled Debt Restructured Loans A TDR loan is a loan on which the Company, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. The evaluation is performed under the Company's internal underwriting policy. The loan terms that may be modified or restructured due to a borrower’s financial situation include, but are not limited to, a reduction in the stated interest rate, an extension of the maturity or renewal of the loan at an interest rate below current market, a reduction in the face amount of the debt, a reduction in the accrued interest, or deferral of interest payments. A TDR loan may be returned to accrual status when the loan is brought current, has performed in accordance with the contractual restructured terms for a reasonable period of time (generally six months), and the ultimate collectability of the total contractual restructured principal and interest is no longer in doubt. Consistent with regulatory guidance, a TDR loan that is subsequently modified in another restructuring agreement but has shown sustained performance and classification as a TDR, will be removed from TDR status provided that the modified terms were market-based at the time of modification. Credit quality indicators Loans are regularly reviewed to assess credit quality indicators and to determine appropriate loan classification and grading in accordance with applicable bank regulations. The Company’s risk rating methodology assigns risk ratings ranging from 1 to 9, where a higher rating represents higher risk. The Company differentiates its loan segments based on shared risk characteristics for which expected credit loss is measured on a pool basis. The nine risk rating categories can be generally described by the following groupings for loans: "Pass" (grades 1 through 5): The Company has five pass risk ratings, which represent a level of credit quality that ranges from no well-defined deficiency or weakness to some noted weakness; however, the risk of default on any loan classified as pass is expected to be remote. The five pass risk ratings are described below: Minimal risk. These consist of loans that are fully secured either with cash held in a deposit account at the Bank or by readily marketable securities with an acceptable margin based on the type of security pledged. Low risk. These consist of loans with a high investment grade rating equivalent. Modest risk. These consist of loans where the credit facility greatly exceeds all policy requirements or with policy exceptions that are appropriately mitigated. A secondary source of repayment is verified and considered sustainable. Collateral coverage on these loans is sufficient to fully cover the debt as a tertiary source of repayment. Debt of the borrower is low relative to borrower’s financial strength and ability to pay. Average risk. These consist of loans where the credit facility meets or exceeds all policy requirements or with policy exceptions that are appropriately mitigated. A secondary source of repayment is available to service the debt. Collateral coverage is more than adequate to cover the debt. The borrower exhibits acceptable cash flow and moderate leverage. Acceptable risk. These consist of loans with an acceptable primary source of repayment, but a less than preferable secondary source of repayment. Cash flow is adequate to service debt, but there is minimal excess cash flow. Leverage is moderate or high. "Special mention" (grade 6): Generally these are assets that possess potential weaknesses that warrant management's close attention. These loans may involve borrowers with adverse financial trends, higher debt-to-equity ratios, or weaker liquidity positions, but not to the degree of being considered a “problem loan” where risk of loss may be apparent. Loans in this category are usually performing as agreed, although there may be non-compliance with financial covenants. "Substandard" (grade 7): These assets are characterized by well-defined credit weaknesses and carry the distinct possibility that the Company will sustain some loss if such weakness or deficiency is not corrected. All loans 90 days or more past due and all loans on nonaccrual status are considered at least "Substandard," unless extraordinary circumstances would suggest otherwise. "Doubtful" (grade 8): These assets have all the weaknesses inherent in those classified as "Substandard" with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable, but because of certain known factors that may work to the advantage and strengthening of the asset (for example, capital injection, perfecting liens on additional collateral and refinancing plans), classification as an estimated loss is deferred until a more precise status may be determined. Due to the high probability of loss, loans classified as "Doubtful" are placed on nonaccrual status. "Loss" (grade 9): These assets are considered uncollectible and having such little recoverable value that it is not practical to defer writing off the asset. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practicable or desirable to defer writing off the asset, even though partial recovery may be achieved in the future. |
Allowance for Credit Losses | Allowance for credit losses on loans On January 1, 2020, the Company adopted the amendments within ASU 2016-13, Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets carried at amortized cost from an incurred loss model to an expected loss model. The discussion below reflects the current expected credit loss model methodology. For discussion of the former incurred loss model methodology, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2019 . Credit risk is inherent in the business of extending loans and leases to borrowers and is continuously monitored by management and reflected within the allowance for credit losses for loans. The allowance for credit losses is an estimate of expected losses inherent within the Company's loans held for investment portfolio. The allowance for credit losses is a valuation account that is deducted from, or added to, the amortized cost basis of a loan to present the net amount expected to be collected on the loan, and the amount necessary to adjust the allowance for credit losses for management's current estimate of expected credit losses on loans is reported in net income as a credit loss expense. Accrued interest receivable on loans, which is included in other assets on the Consolidated Balance Sheet, is excluded from the estimate of expected credit losses. Expected recoveries of amounts previously written off and expected to be written off are included in the valuation account and do not exceed the aggregate of amounts previously written off and expected to be written off. The Company formally re-evaluates and establishes the appropriate level of the allowance for credit losses on a quarterly basis. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods, evaluations of the overall loan portfolio or particular segments of the loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance for credit losses and credit loss expense in those future periods. The allowance level is influenced by loan volumes, loan asset quality ratings, delinquency status, historical credit loss experience, loan performance characteristics, and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. The methodology for estimating the amount of expected credit losses reported in the allowance for credit losses has two basic components: first, an asset-specific component involving individual loans that do not share risk characteristics with other loans and the measurement of expected credit losses for such individual loans and; second, a pooled component for estimated expected credit losses for pools of loans that share similar risk characteristics. Loans that do not share risk characteristics with other loans Loans that do not share risk characteristics with other loans are evaluated on an individual basis. Loans evaluated individually are not included in the collective evaluation. These loans consist of loans with unique features or loans that no longer share risk characteristics with other pooled loans. The process for determining whether a loan should be evaluated on an individual basis begins with determination of credit rating. All loans graded substandard or worse and all PCD loans, irrespective of credit rating, are specifically reviewed for loss potential and, when deemed appropriate, are assigned a reserve based on an individual evaluation. For these loans, the allowance is based primarily on the fair value of the underlying collateral, utilizing independent third-party appraisals. Loans that share similar risk characteristics with other loans In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan segments. The Company's primary portfolio segments have changed due to adoption of the amendments within ASU 2016-13 to align with the methodology applied in estimating the allowance for credit losses under CECL. Loans are designated into loan segments based on loans pooled by product types, business lines, and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, the Company derives an estimate of expected credit losses primarily using an expected loss methodology that incorporates risk parameters (probability of default, loss given default, and exposure at default), which are derived from various vendor models, internally-developed statistical models, or non-statistical estimation approaches. Probability of default is projected in these models or estimation approaches using multiple economic scenarios, whose outcomes are weighted based on the Company's economic outlook and were developed to incorporate relevant information about past events, current conditions, and reasonable and supportable forecasts. With the exception of the Company's residential loan segment, the Company's PD models share a common definition of default, which include loans that are 90 days past due, on nonaccrual status, have a writeoff, or obligor bankruptcy. Input reversion is used for all loan segment models, except for the commercial and industrial, CRE, owner-occupied, and the small balance loan segments. Output reversion is used for the commercial and industrial, CRE, owner-occupied and small balance segments by incorporating, after the forecast period, a one-year linear reversion to the long-term reversion rate in year three through the remaining life of the loans within the respective segments. Loss given default for the Company's loan segments, with the exception of the residential, warehouse lending, and municipal and nonprofit loan segments, is estimated using the Company's internal loss observations based on a non-modeled approach. For these loan segments, a non-modeled approach to estimating LGD was determined to be the preferred approach as LGD models tend to have a higher degree of volatility in their results due to fewer data points. Factors utilized in calculating average LGD vary for each loan segment and are further described below. Exposure at default refers to the Company's exposure to loss at the time of borrower default and is calculated using an amortization schedule based on contractual loan terms, adjusted for a prepayment rate assumption. For most of the Company's loan segments, prepayment rate assumptions are based on a non-modeled approach that calculates the number of loans that were prepaid in full during the period divided by the total number of loans outstanding at the beginning of the period. Prepayment trends are sensitive to interest rates and the macroeconomic environment. Fixed rate loans are more influenced by interest rates, whereas variable rate loans are more influenced by the macroeconomic environment. After the quantitative expected loss estimates are calculated, management then adjusts these estimates to incorporate considerations of current trends and conditions that are not captured in the quantitative loss estimates, through the use of qualitative and/or environmental factors. The following provides credit quality indicators and risk elements most relevant in monitoring and measuring the allowance for credit losses for each of the loan portfolio segments identified: Commercial and industrial The commercial and industrial portfolio segment is comprised of commercial loans that are not collateralized by real estate, with commitments and loan relationships in excess of $1 million that are not otherwise included in one of the other loan stratifications detailed below. The source of repayment of these loans is generally expected to be the income that is generated from the business. The models used to estimate expected credit losses for this loan segment include a combination of a vendor model and an internally-developed model. These models incorporate both market level and company-specific factors such as financial statement variables, adjusted for the current stage of the credit cycle and for the Company's loan performance data such as delinquency, utilization, maturity, and size of the loan commitment under specific macroeconomic scenarios to produce a probability of default. Macroeconomic variables include the Dow Jones Index, credit spread between the BBB Bond Yield and 10-Year Treasury Bond Yield, unemployment rate, and CBOE VIX Index quarterly high. Loss given default and the prepayment rate assumption for EAD for this loan segment are driven by unemployment levels. Small balance commercial - C&I The small balance commercial and industrial portfolio segment is comprised of commercial loans that are not collateralized by real estate, where lending relationships do not exceed $1 million. The loans in this portfolio are made primarily to smaller businesses and the primary source of repayment is provided by the business and ownership. These loans are underwritten after taking into consideration the financial capacity of the small business or the capacity of the owner or sponsor and are impacted by general economic conditions. Variables utilized in the internally-developed model include loan characteristics and credit risk variables. Credit risk variables include average FICO score, current utilization rate, current debt service coverage ratio, regional unemployment, and industry commercial loan performance. Company-specific loan characteristics that are utilized in the model include origination date, maturity date, loan type, commitment, property location, and loan performance. Loss given default for this loan segment is driven by unemployment levels and collateral position and the prepayment rate assumption for EAD is driven by the BBB corporate spread for fixed rate loans and unemployment levels for variable rate loans. Commercial real estate, owner-occupied The CRE, owner-occupied portfolio segment is comprised of commercial loans that are collateralized by real estate, where the primary source of repayment is the business that occupies the property and the loan relationship exceeds $1 million. These loans are typically entered into for the purpose of providing real estate finance or improvement. The primary source of repayment of these loans is the income generated by the business and where rental or sale of the property may provide secondary support for the loan. These loans are sensitive to general economic conditions as well as the market valuation of CRE properties. The probability of default estimate for this loan segment is modeled using the same model as the commercial and industrial loan segment. Loss given default for this loan segment is driven by property appreciation and the prepayment rate assumption for EAD is driven by unemployment levels. Small balance commercial - CRE, owner-occupied The small balance CRE, owner-occupied portfolio segment consists of commercial loans that are collateralized by real estate, where lending relationships do not exceed $1 million and the owner is the primary tenant. These loans are generally made to small businesses and the primary source of repayment is provided by the business and ownership and where rental or sale of the property may provide secondary support for the loan. These loans are affected by general economic conditions and the market valuation of CRE properties. The probability of default estimate for this loan segment is modeled using the same model as the small balance commercial - C&I loan segment. Loss given default for this loan segment is driven by property appreciation and lien position. The prepayment rate assumption for EAD is driven by the BBB corporate spread for fixed rate loans and unemployment levels for variable rate loans. Commercial real estate, non-owner occupied The CRE, non-owner occupied segment is comprised of loans that are collateralized by real estate, where the owner is not the primary tenant. These loans are typically entered into for the purpose of financing or the improvement of commercial investment properties. The primary source of repayment of these loans are the rents paid by tenants and where the sale of the property may provide secondary support for the loan. These loans are sensitive to the market valuation of CRE properties, rental rates, and general economic conditions. The vendor model used to estimate expected credit losses for this loan segment projects probabilities of default and exposure at default based on multiple macroeconomic scenarios by modeling how macroeconomic conditions affect the commercial real estate market. Real estate market factors utilized in this model include vacancy rate, rental growth rate, net operating income growth rate, and commercial property price changes for each specific property type. The model then incorporates loan and property-level characteristics including debt coverage, leverage, collateral size, seasoning, and property type. Loss given default for this loan segment is derived from a non-modeled approach that is driven by property appreciation and the prepayment rate assumption for EAD is driven by the property appreciation for fixed rate loans and unemployment levels for variable rate loans. Residential The residential loan portfolio segment is comprised of loans collateralized primarily by first liens on residential properties and home equity lines of credit that are collateralized by both first and junior liens on residential properties. The primary source of repayment of these loans is the value of the property and the capacity of the owner to make payments on the loan. Unemployment rates and the market valuation of residential properties will impact the ultimate repayment of these loans. The residential mortgage loan model is a vendor model that projects probability of default, loss given default severity, prepayment rate, and exposure at default to calculate expected losses. The model is intended to capture the borrower's payment behavior during the lifetime of the residential loan by incorporating loan level characteristics such as loan type, coupon, age, loan-to-value, and credit score and economic conditions such as Home Price Index, interest rate, and unemployment rate. A default event for residential loans is defined as 60 days or more past due, with property appreciation as the driver for LGD results. The prepayment rate assumption for exposure at default for residential loans is based on industry prepayment history. Probability of default for HELOCs is derived from an internally-developed model that projects PD by incorporating loan level information such as FICO score, lien position, balloon payments, and macroeconomic conditions such as property appreciation. Loss given default for this loan segment is driven by property appreciation and lien position. Exposure at default for HELOCs is calculated based on utilization rate assumptions using a non-modeled approach and incorporates management judgment. Construction and land development The construction and land portfolio segment is comprised of loans collateralized by land or real estate, which are entered into for the purpose of real estate development. The primary source of repayment of loans is the eventual sale or refinance of the completed project and where claims on the property provide secondary support for the loan. These loans are impacted by the market valuation of CRE and residential properties and general economic conditions that have a higher sensitivity to real estate markets compared to other real estate loans. Default risk of a property is driven by loan-specific drivers, including loan-to-value, maturity, origination date, and the metropolitan statistical area ("MSA") in which the property is located, among other items. The variables used in the internally-developed model include loan level drivers such as origination loan-to-value, loan maturity, and macroeconomic drivers such as property appreciation, MSA level unemployment rate, and national GDP growth. Loss given default for this loan segment is driven by property appreciation. The prepayment rate assumption for EAD is driven by the property appreciation for fixed rate loans and unemployment levels for variable rate loans. Warehouse lending The warehouse lending portfolio segment consists of loans that have a monitored base to mortgage companies and similar lenders. These loans are collateralized by real estate notes and mortgages or mortgage servicing rights and the borrowing base of these loans is tightly monitored and controlled by the Company. The primary support for the loan takes the form of pledged collateral, with secondary support provided by the capacity of the financial institution. The collateral-driven nature of these loans distinguish them from traditional commercial and industrial loans. These loans are impacted by interest rate shocks and general real estate stress. As a result of the unique loan characteristics, limited historical default and loss experience, and the collateral nature of this loan portfolio segment, the Company uses a non-modeled approach to estimate expected credit losses, leveraging grade information, grade migration history, and management judgment. Municipal and nonprofit The municipal and nonprofit portfolio segment consists of loans to local governments, government-operated utilities, special assessment districts, hospitals, schools and other nonprofits. These loans are generally, but not exclusively, entered into for the purpose of financing real estate investment or for refinancing existing debt. Loans are supported by taxes or utility fees, and in some cases tax liens on real estate, operating revenue of the institution, or other collateral support the loans. Unemployment rates and the market valuation of residential properties have an effect on the tax revenues supporting these loans; however, these loans tend to be less cyclical in comparison to similar commercial loans as these loans rely on diversified tax bases. The Company uses a non-modeled approach to estimate expected credit losses, leveraging grade information and historical municipal default rates. Other |
Lessee, Leases [Policy Text Block] | Leases (lessee) At inception, contracts are evaluated to determine whether the contract constitutes a lease agreement. For contracts that are determined to be an operating lease, a corresponding ROU asset and operating lease liability are recorded in separate line items on the Consolidated Balance Sheet. A ROU asset represents the Company’s right to use an underlying asset during the lease term and a lease liability represents the Company’s commitment to make contractually obligated lease payments. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The measurement of the operating lease ROU asset includes any lease payments made and is reduced by lease incentives that are paid or are payable to the Company. Variable lease payments that depend on an index or rate such as the Consumer Price Index are included in lease payments based on the rate in effect at the commencement date of the lease. Lease payments are recognized on a straight-line basis as part of occupancy expense over the lease term. As the rate implicit in the lease is not readily determinable, the Company's incremental collateralized borrowing rate is used to determine the present value of lease payments. This rate gives consideration to the applicable FHLB collateralized borrowing rates and is based on the information available at the commencement date. The Company has elected to apply the short-term lease measurement and recognition exemption to leases with an initial term of 12 months or less; therefore, these leases are not recorded on the Company’s Consolidated Balance Sheet, but rather, lease expense is recognized over the lease term on a straight-line basis. The Company’s lease agreements may include options to extend or terminate the lease. These options are included in the lease term when it is reasonably certain that the options will be exercised. In addition to the package of practical expedients, the Company also elected the practical expedient that allows lessees to make an accounting policy election to not separate non-lease components from the associated lease component, and instead account for them all together as part of the applicable lease component. This practical expedient can be elected separately for each underlying class of asset. The majority of the Company’s non-lease components such as common area maintenance, parking, and taxes are variable, and are expensed as incurred. Variable payment amounts are determined in arrears by the landlord depending on actual costs incurred. |
Goodwill and Other Intangible Assets | Goodwill and other intangible assets The Company records as goodwill the excess of the purchase price in a business combination over the fair value of the identifiable net assets acquired in accordance with applicable guidance. The Company performs its annual goodwill and intangibles impairment tests as of October 1 each year, or more often if events or circumstances indicate that the carrying value may not be recoverable. The Company can first elect to assess, through qualitative factors, whether it is more likely than not that goodwill is impaired. If the qualitative assessment indicates potential impairment, a quantitative impairment test is necessary. If, based on the quantitative test, a reporting unit's carrying amount exceeds its fair value, a goodwill impairment charge for this difference is recorded to current period earnings as non-interest expense. The Company’s intangible assets consist primarily of core deposit intangible assets that are amortized over periods ranging from five to 10 years. The Company considers the remaining useful lives of its core deposit intangible assets each reporting period, as required by ASC 350, Intangibles—Goodwill and Other, to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of an intangible asset’s remaining useful life has changed, the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. The Company did not revise its estimates of the useful lives of its core deposit intangibles during the three months ended March 31, 2020 or 2019 . |
Treasury Shares | Treasury shares The Company separately presents treasury shares, which represent shares surrendered to the Company equal in value to the statutory payroll tax withholding obligations arising from the vesting of employee restricted stock awards. Treasury shares are carried at cost. |
Repurchase and Resale Agreements Policy [Policy Text Block] | Common stock repurchases On December 11, 2018, the Company adopted its common stock repurchase program, pursuant to which the Company was authorized to repurchase up to $250.0 million of its shares of common stock through December 31, 2019. All shares repurchased under the plan are retired upon settlement. The Company has elected to allocate the excess of the repurchase price over the par value of its common stock between APIC and retained earnings, with the portion allocated to APIC limited to the amount of APIC that was recorded at the time that the shares were initially issued, which is calculated on a last-in, first-out basis. The Company's common stock repurchase program was renewed through December 2020, authorizing the Company to repurchase up to an additional $250.0 million of its outstanding common stock. |
Derivative Financial Instruments | Derivative financial instruments The Company uses interest rate swaps to mitigate interest-rate risk associated with changes to the fair value of certain fixed-rate financial instruments (fair value hedges). The Company recognizes derivatives as assets or liabilities on the Consolidated Balance Sheet at their fair value in accordance with ASC 815, Derivatives and Hedging . The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. Derivative instruments designated in a hedge relationship to mitigate exposure to changes in the fair value of an asset or liability attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Changes in the fair value of a derivative that is designated and qualifies as a fair value hedge, along with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of derivatives not considered to be highly effective in hedging the change in fair value of the hedged item are recognized in earnings as non-interest income during the period of the change. The Company documents its hedge relationships, including identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction after the derivative contract is executed. At inception, the Company performs a quantitative assessment to determine whether the derivatives used in hedging transactions are highly effective (as defined in the guidance) in offsetting changes in the fair value of the hedged item. Retroactive effectiveness is assessed, as well as the continued expectation that the hedge will remain effective prospectively. After the initial quantitative assessment is performed, on a quarterly basis, the Company performs a qualitative hedge effectiveness assessment. This assessment takes into consideration any adverse developments related to the counterparty's risk of default and any negative events or circumstances that affect the factors that originally enabled the Company to assess that it could reasonably support, qualitatively, an expectation that the hedging relationship was and will continue to be highly effective. The Company discontinues hedge accounting prospectively when it is determined that a hedge is no longer highly effective. When hedge accounting is discontinued on a fair value hedge that no longer qualifies as an effective hedge, the derivative instrument continues to be reported at fair value on the Consolidated Balance Sheet, but the carrying amount of the hedged item is no longer adjusted for future changes in fair value. The adjustment to the carrying amount of the hedged item that existed at the date hedge accounting is discontinued is amortized over the remaining life of the hedged item into earnings. Derivative instruments that are not designated as hedges, so called free-standing derivatives, are reported on the Consolidated Balance Sheet at fair value and the changes in fair value are recognized in earnings as non-interest income during the period of change. The Company may in the normal course of business purchase a financial instrument or originate a loan that contains an embedded derivative instrument. Upon purchasing the instrument or originating the loan, the Company assesses whether the economic characteristics of the embedded derivative are clearly and closely related to the economic characteristics of the remaining component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is separated from the host contract and carried at fair value. However, in cases where the host contract is measured at fair value, with changes in fair value reported in current earnings, or the Company is unable to reliably identify and measure an embedded derivative for separation from its host contract, the entire contract is carried on the Consolidated Balance Sheet at fair value and is not designated as a hedging instrument. |
Income Taxes | Income taxes The Company is subject to income taxes in the United States and files a consolidated federal income tax return with all of its subsidiaries, with the exception of BW Real Estate, Inc. Deferred income taxes are recorded to reflect the effects of temporary differences between the financial reporting carrying amounts of assets and liabilities and their income tax bases using enacted tax rates that are expected to be in effect when the taxes are actually paid or recovered. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Net deferred tax assets are recorded to the extent that these assets will more-likely-than-not be realized. In making these determinations, all available positive and negative evidence is considered, including scheduled reversals of deferred tax liabilities, tax planning strategies, projected future taxable income, and recent operating results. If it is determined that deferred income tax assets to be realized in the future are in excess of their net recorded amount, an adjustment to the valuation allowance will be recorded, which will reduce the Company's provision for income taxes. A tax benefit from an unrecognized tax benefit may be recognized when it is more-likely-than-not that the position will be sustained upon examination, including related appeals or litigation, based on technical merits. Income tax benefits must meet a more-likely-than-not recognition threshold at the effective date to be recognized. |
Off-Balance Sheet Instruments | Off-balance sheet instruments In the ordinary course of business, the Company has entered into off-balance sheet financial instrument arrangements consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Unaudited Consolidated Financial Statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized on the Consolidated Balance Sheet. Losses could be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract and, in certain instances, may be unconditionally cancelable. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. 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 Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. The Company also has off-balance sheet arrangements related to its derivative instruments. Derivative instruments are recognized in the Consolidated Financial Statements at fair value and their notional values are carried off-balance sheet. See " Note 8. Derivatives and Hedging Activities " of these Notes to Unaudited Consolidated Financial Statements for further discussion. |
Fair Values of Financial Instruments | Fair values of financial instruments The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities. ASC 820, Fair Value Measurement , establishes a framework for measuring fair value and a three-level valuation hierarchy for disclosure of fair value measurement, and also sets forth disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The Company uses various valuation approaches, including market, income, and/or cost approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would consider in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs, as follows: • Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, prepayment speeds, volatilities, etc.) or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly, in the market. • Level 3 - Valuation is generated from model-based techniques where one or more significant inputs are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of matrix pricing, discounted cash flow models, and similar techniques. The availability of observable inputs varies based on the nature of the specific financial instrument. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Fair value is a market-based measure considered from the perspective of a market participant who may purchase the asset or assume the liability, rather than an entity-specific measure. When market assumptions are available, ASC 820 requires that the Company make assumptions regarding the assumptions that market participants would use to estimate the fair value of the financial instrument at the measurement date. ASC 825, Financial Instruments , requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at March 31, 2020 and December 31, 2019 . The estimated fair value amounts for March 31, 2020 and December 31, 2019 have been measured as of period-end, and have not been re-evaluated or updated for purposes of these Unaudited Consolidated Financial Statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at period-end. The information in " Note 12. Fair Value Accounting " of these Notes to Unaudited Consolidated Financial Statements should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimate, comparisons between the Company’s disclosures and those of other companies or banks may not be meaningful. The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash, cash equivalents, and restricted cash The carrying amounts reported on the Consolidated Balance Sheet for cash and due from banks approximate their fair value. Money market investments The carrying amounts reported on the Consolidated Balance Sheet for money market investments approximate their fair value. Investment securities The fair values of CRA investments, exchange-listed preferred stock, trust preferred securities, and certain corporate debt securities are based on quoted market prices and are categorized as Level 1 in the fair value hierarchy. The fair values of debt securities are primarily determined based on matrix pricing. Matrix pricing is a mathematical technique that utilizes observable market inputs including, for example, yield curves, credit ratings, and prepayment speeds. Fair values determined using matrix pricing are generally categorized as Level 2 in the fair value hierarchy. For a small subset of securities, other pricing sources are used, including observed prices on publicly traded securities and dealer quotes. Restricted stock WAB is a member of the Federal Reserve System and the FHLB and, accordingly, maintains investments in the capital stock of the FRB and the FHLB. WAB also maintains an investment in its primary correspondent bank. These investments are carried at cost since no ready market exists for them, and they have no quoted market value. The Company conducts a periodic review and evaluation of its restricted stock to determine if any impairment exists. The fair values of these investments have been categorized as Level 2 in the fair value hierarchy. Loans The fair value of loans is estimated based on discounted cash flows using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality and adjustments that the Company believes a market participant would consider in determining fair value based on a third-party independent valuation. As a result, the fair value for loans is categorized as Level 2 in the fair value hierarchy, excluding collateral dependent and impaired loans, which are categorized as Level 3. Accrued interest receivable and payable The carrying amounts reported on the Consolidated Balance Sheet for accrued interest receivable and payable approximate their fair values. Derivative financial instruments All derivatives are recognized on the Consolidated Balance Sheets at their fair value. The fair value for derivatives is determined based on market prices, broker-dealer quotations on similar products, or other related input parameters. As a result, the fair values have been categorized as Level 2 in the fair value hierarchy. Deposits The fair value disclosed for demand and savings deposits is by definition equal to the amount payable on demand at their reporting date (that is, their carrying amount), which the Company believes a market participant would consider in determining fair value. The carrying amount for variable rate deposit accounts approximates their fair value. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on these deposits. The fair value measurement of the deposit liabilities is categorized as Level 2 in the fair value hierarchy. FHLB advances and customer repurchase agreements The fair values of the Company’s borrowings are estimated using discounted cash flow analyses, based on the market rates for similar types of borrowing arrangements. The FHLB advances and customer repurchase agreements have been categorized as Level 2 in the fair value hierarchy due to their short durations. Subordinated debt The fair value of subordinated debt is based on the market rate for the respective subordinated debt security. Subordinated debt has been categorized as Level 2 in the fair value hierarchy. Junior subordinated debt Junior subordinated debt is valued based on a discounted cash flow model which uses as inputs Treasury Bond rates and the 'BB' and 'BBB' rated financial indexes. Junior subordinated debt has been categorized as Level 3 in the fair value hierarchy. Off-balance sheet instruments The fair value of the Company’s off-balance sheet instruments (lending commitments and letters of credit) is based on quoted fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, and the counterparties’ credit standing. |
Recent Accounting Pronouncements | Recent accounting pronouncements Income Taxes In December 2019, the FASB issued guidance within ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in ASU 2019-12 are intended to reduce the cost and complexity of applying ASC 740. The amendments that are applicable to the Company address: 1) franchise and other taxes partially based on income; 2) step-up in basis of goodwill in a business combination; 3) allocation of tax expense in separate entity financial statements; and 4) interim recognition of enactment of tax laws or rate changes. The amendments to Topic 740 are effective for interim and annual reporting periods beginning after December 15, 2020 and are not expected to have a material impact on the Company’s Consolidated Financial Statements. Recently adopted accounting guidance Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued guidance within ASU 2016-13, Measurement of Credit Losses on Financial Instruments . The new standard significantly changes the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss model to an expected loss model. The amendments in ASU 2016-13 to Topic 326, Financial Instruments - Credit Losses , require that an organization measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU also requires enhanced disclosures, including qualitative and quantitative disclosures that provide additional information about the amounts recorded in the financial statements. Additionally, the ASU amends the accounting for credit losses on AFS debt securities and purchased financial assets with credit deterioration. The Company adopted the amendments within ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. The Company's financial results for reporting periods beginning after January 1, 2020 are presented in accordance with ASC 326, while prior period amounts continue to be reported in accordance with legacy GAAP. The Company recorded a cumulative effect adjustment to retained earnings, which resulted in a total decrease to retained earnings of $24.9 million as of January 1, 2020. This adjustment was due primarily to expected total losses under the new model in the Company's loan portfolio and, to a lesser extent, its off-balance sheet credit exposures. The Company applied the prospective transition approach for loans purchased with credit deterioration that were previously classified as purchased credit impaired and previously accounted for under ASC 310-30. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. As of January 1, 2020, the amortized cost basis of the PCD loans was adjusted to reflect an allowance for credit losses of $3.3 million. The remaining noncredit discount (based on the adjusted amortized cost basis) related to PCD loans of $1.1 million will be accreted into interest income at the loan's effective interest rate as of January 1, 2020. The Company has elected not to maintain its pools of loans accounted for under ASC 310-30. The Company applied the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date. The effective interest rate on these debt securities was not changed. Recoveries of amounts previously written off relating to improvements in cash flows after January 1, 2020 will be recorded in earnings when received. The following table summarizes the estimated allowance for credit losses related to financial assets and off-balance sheet credit exposures and the corresponding impacts on the deferred tax asset and retained earnings upon adoption of ASC 326: January 1, 2020 Pre-ASC 326 Adoption Post-ASC 326 Adoption Impact of ASC 326 Adoption (in thousands) Assets: Allowance for credit losses on HTM securities $ — $ 2,646 $ 2,646 Allowance for credit losses on loans 167,797 186,925 19,128 Deferred tax asset 18,025 26,675 8,650 Liabilities: Off-balance sheet credit exposures $ 8,955 $ 24,044 $ 15,089 Equity: Retained earnings $ 1,680,317 $ 1,655,370 $ (24,947 ) Management has elected to take advantage of the capital relief option that delays the estimated impact of the adoption of ASC 326 on regulatory capital by up to two years, with a three-year transition period to phase out the cumulative benefit to regulatory capital provided during the two-year delay. In April 2019, the FASB issued guidance within ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments . The amendments in ASU 2019-04 clarify or correct the guidance in these Topics. With respect to Topic 326, ASU 2019-04 addresses a number of issues as it relates to the CECL standard including consideration of accrued interest, recoveries, variable-rate financial instruments, prepayments, and extension and renewal options, among other things, in the measurement of expected credit losses. The amendments to Topic 326 were adopted concurrently with ASU 2016-13 and did not have a significant impact on the Company’s Consolidated Financial Statements. With respect to Topic 815, Derivatives and Hedging , ASU 2019-04 clarifies issues related to partial-term hedges, hedged debt securities, and transitioning from a quantitative method of assessing hedge effectiveness to a more simplified method. The Company does not have partial-term hedges or any hedged debt securities and the transition issues discussed in the ASU 2019-04 are not applicable to the Company. Accordingly, the amendments to Topic 815 did not have an impact on the Company's Consolidated Financial Statements. With respect to Topic 825, Financial Instruments, on recognizing and measuring financial instruments, ASU 2019-04 addresses: 1) the scope of the guidance; 2) the requirement for remeasurement under ASC 820 when using the measurement alternative for equity securities without readily determinable fair values; 3) certain disclosure requirements; and 4) which equity securities have to be remeasured at historical exchange rates. The amendments to Topic 825 were effective January 1, 2020 and did not have a material impact on the Company’s Consolidated Financial Statements. In May 2019, the FASB issued guidance within ASU 2019-05, Financial Instruments - Credit Losses , to provide entities with an option to irrevocably elect the fair value option for eligible financial assets measured at amortized cost. The election is to be applied on an instrument-by-instrument basis upon adoption of Topic 326 and is not available for either AFS or HTM debt securities. The amendments in ASU 2019-05 should be applied on a modified-retrospective basis through a cumulative-effect adjustment to the opening balance of retained earnings as of the date that an entity adopts the amendments in ASU 2016-13. The Company did not elect this fair value option as part of its adoption of ASU 2016-13 on January 1, 2020. In November 2019, the FASB issued guidance within ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. The amendments in ASU 2019-11 clarify or address specific issues about certain aspects of the amendments in ASU 2016-13. These issues include measurement and reporting requirements related to: 1) the allowance for credit losses for purchased assets with credit deterioration; 2) prepayment assumptions on existing troubled debt restructurings; 3) extension of disclosure relief for accrued interest receivable balances; and 4) expected credit losses on collateralized financial assets. The adoption of ASU 2019-11 is concurrent with ASU 2016-13 and, adoption of these amendments on January 1, 2020, did not have a significant impact on the Company's Consolidated Financial Statements. Fair Value Measurements In August 2018, the FASB issued guidance within ASU 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . The amendments within ASU 2018-13 remove, modify, and supplement the disclosure requirements for fair value measurements. Disclosure requirements that were removed include: 1) the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; 2) the policy for timing of transfers between levels; and 3) the valuation processes for Level 3 fair value measurements. The amendments clarify that the measurement uncertainty disclosure is intended to communicate information about the uncertainty in measurement as of the reporting date. Additional disclosure requirements include: 1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and 2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. With the exception of the above additional disclosure requirements, which will be applied prospectively, all other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments in this ASU did not have a significant impact on the Company's Consolidated Financial Statements. Internal-Use Software In August 2018, the FASB issued guidance within ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) . The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Accordingly, the amendments in this Update require an entity (customer) in a hosting arrangement that is a service contract to follow the guidance in Subtopic 350-40 to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The amendments in this Update also require that the capitalized implementation costs of a hosting arrangement that is a service contract be expensed over the term of the hosting arrangement. Presentation requirements include: 1) expense related to the capitalized implementation costs should be presented in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement; 2) payments for capitalized implementation costs in the statement of cash flows should be classified in the same manner as payments made for fees associated with the hosting element; and 3) capitalized implementation costs in the statement of financial position should be presented in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. The adoption of this guidance did not have a significant impact on the Company's Consolidated Financial Statements. Reference Rate Reform In March 2020, the FASB issued guidance within ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, in response to the scheduled discontinuation of LIBOR on December 31, 2021 . The amendments in this Update provide optional guidance designed to provide relief from the accounting analysis and impacts that may otherwise be required for modifications to agreements (e.g., loans, debt securities, derivatives, borrowings) necessitated by reference rate reform. The following optional expedients for applying the requirements of certain Topics or Industry Subtopics in the Codification are permitted for contracts that are modified because of reference rate reform and that meet certain scope guidance: 1) modifications of contracts within the scope of Topics 310, Receivables , and 470, Debt , should be accounted for by prospectively adjusting the effective interest rate; 2) modifications of contracts within the scope of Topic 842, Leases , should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required under this Topic for modifications not accounted for as separate contracts; 3) modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging- Embedded Derivatives; and 4) for other Topics or Industry Subtopics in the Codification, the amendments in this Update also include a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. An entity may make a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1, 2020. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2022. |
Revenue from Contract with Customer [Policy Text Block] | Non-interest income Non-interest income includes service charges and fees, income from equity investments, card income, foreign currency income, income from bank owned life insurance, lending related income, net gain or loss on sales of investment securities, net unrealized gains or losses on assets measured at fair value, and other income. Service charges and fees consist of fees earned from performance of account analysis, general account services, and other deposit account services. These fees are recognized as the related services are provided in accordance with ASC 606, Revenue from Contracts with Customers . Income from equity investments includes gains on equity warrant assets, SBIC equity income, and success fees. Card income includes fees earned from customer use of debit and credit cards, interchange income from merchants, and international charges. Card income is generally within the scope of ASC 310, Receivables ; however, certain processing transactions for merchants, such as interchange fees, are within the scope of ASC 606. Foreign currency income represents fees earned on the differential between purchases and sales of foreign currency on behalf of the Company’s clients. Income from bank owned life insurance is accounted for in accordance with ASC 325, Investments - Other . Lending related income includes fees earned from gains or losses on the sale of loans, SBA income, and letter of credit fees. Gains and losses on the sale of loans and SBA income are recognized pursuant to ASC 860, Transfers and Servicing . Net unrealized gains or losses on assets measured at fair value represent fair value changes in equity securities and are accounted for in accordance with ASC 321, Investments - Equity Securities . Fees related to standby letters of credit are accounted for in accordance with ASC 440, Commitments . Other income includes operating lease income, which is recognized on a straight-line basis over the lease term in accordance with ASC 842, Leases . Net gain or loss on sales/valuations of repossessed and other assets is presented as a component of non-interest expense, but may also be presented as a component of non-interest income in the event that a net gain is recognized. Net gain or loss on sales of repossessed and other assets are accounted for in accordance with ASC 610, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets |
Stockholders' Equity Common Sto
Stockholders' Equity Common Stock Repurchase (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Repurchase and Resale Agreements Policy [Policy Text Block] | Common stock repurchases On December 11, 2018, the Company adopted its common stock repurchase program, pursuant to which the Company was authorized to repurchase up to $250.0 million of its shares of common stock through December 31, 2019. All shares repurchased under the plan are retired upon settlement. The Company has elected to allocate the excess of the repurchase price over the par value of its common stock between APIC and retained earnings, with the portion allocated to APIC limited to the amount of APIC that was recorded at the time that the shares were initially issued, which is calculated on a last-in, first-out basis. The Company's common stock repurchase program was renewed through December 2020, authorizing the Company to repurchase up to an additional $250.0 million of its outstanding common stock. |
Investment Securities (Tables)
Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Three Months Ended March 31, 2020 Balance, Credit Loss Expense Writeoffs Recoveries Balance, (in thousands) Held-to-maturity debt securities Tax-exempt $ 2,646 $ 335 $ — $ — $ 2,981 |
Carrying Amounts and Fair Values of Investment Securities | The carrying amounts and fair values of investment securities at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in thousands) Held-to-maturity Tax-exempt $ 483,775 $ 46,287 $ — $ 530,062 Available-for-sale debt securities CDO $ 50 $ 7,301 $ — $ 7,351 Commercial MBS issued by GSEs 103,277 1,529 (165 ) 104,641 Corporate debt securities 105,011 33 (17,150 ) 87,894 LIHTC development bonds 30,000 — — 30,000 Municipal securities 7,496 — (813 ) 6,683 Private label residential MBS 1,193,904 2,755 (16,142 ) 1,180,517 Residential MBS issued by GSEs 1,449,463 44,874 (41 ) 1,494,296 Tax-exempt 717,908 27,502 (4,699 ) 740,711 Trust preferred securities 32,000 — (8,443 ) 23,557 U.S. treasury securities 1,000 1 — 1,001 Total AFS debt securities $ 3,640,109 $ 83,995 $ (47,453 ) $ 3,676,651 Equity securities CRA investments $ 52,977 $ 127 $ — $ 53,104 Preferred stock 84,963 140 (7,049 ) 78,054 Total equity securities $ 137,940 $ 267 $ (7,049 ) $ 131,158 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value (in thousands) Held-to-maturity Tax-exempt $ 485,107 $ 31,303 $ (149 ) $ 516,261 Available-for-sale debt securities CDO $ 50 $ 10,092 $ — $ 10,142 Commercial MBS issued by GSEs 95,062 366 (1,175 ) 94,253 Corporate debt securities 105,015 112 (5,166 ) 99,961 Municipal securities 7,494 279 — 7,773 Private label residential MBS 1,129,985 3,572 (4,330 ) 1,129,227 Residential MBS issued by GSEs 1,406,594 9,283 (3,817 ) 1,412,060 Tax-exempt 530,729 24,548 (422 ) 554,855 Trust preferred securities 32,000 — (4,960 ) 27,040 U.S. government sponsored agency securities 10,000 — — 10,000 U.S. treasury securities 999 — — 999 Total AFS debt securities $ 3,317,928 $ 48,252 $ (19,870 ) $ 3,346,310 Equity securities CRA investments $ 52,805 $ — $ (301 ) $ 52,504 Preferred stock 82,514 3,881 (198 ) 86,197 Total equity securities $ 135,319 $ 3,881 $ (499 ) $ 138,701 Securities with carrying amounts of approximately $1.0 billion and $962.5 million at March 31, 2020 and December 31, 2019 , respectively, were pledged for various purposes as required or permitted by law. |
Unrealized Losses and Fair Value of Investment Securities in Continuous Unrealized Loss Position | unrealized loss position at March 31, 2020 and December 31, 2019 , aggregated by major security type and length of time in a continuous unrealized loss position: March 31, 2020 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in thousands) Available-for-sale debt securities Commercial MBS issued by GSEs $ 165 $ 54,711 $ — $ — $ 165 $ 54,711 Corporate debt securities — — 17,150 82,850 17,150 82,850 Municipal securities 813 6,683 — — 813 6,683 Private label residential MBS 14,298 777,859 1,844 59,156 16,142 837,015 Residential MBS issued by GSEs 36 9,598 5 671 41 10,269 Tax-exempt 4,699 153,906 — — 4,699 153,906 Trust preferred securities — — 8,443 23,557 8,443 23,557 Total AFS securities $ 20,011 $ 1,002,757 $ 27,442 $ 166,234 $ 47,453 $ 1,168,991 December 31, 2019 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (in thousands) Held-to-maturity Tax-exempt $ 149 $ 24,325 $ — $ — $ 149 $ 24,325 Available-for-sale debt securities Commercial MBS issued by GSEs $ 85 $ 9,035 $ 1,090 $ 54,604 $ 1,175 $ 63,639 Corporate debt securities — — 5,166 94,834 5,166 94,834 Private label residential MBS 1,776 337,285 2,554 258,791 4,330 596,076 Residential MBS issued by GSEs 1,740 385,643 2,077 150,419 3,817 536,062 Tax-exempt 422 67,150 — — 422 67,150 Trust preferred securities — — 4,960 27,040 4,960 27,040 Total AFS securities $ 4,023 $ 799,113 $ 15,847 $ 585,688 $ 19,870 $ 1,384,801 |
Amortized Cost and Fair Value of Investment Securities by Contractual Maturities | A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. As of March 31, 2020 , there were no investment securities that were past due. In addition, the Company does not have a significant amount of investment securities on nonaccrual status or securities that are considered to be collateral-dependent as of March 31, 2020 . The amortized cost and fair value of the Company's debt securities as of March 31, 2020 , by contractual maturities, are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities. Therefore, these securities are listed separately in the maturity summary. March 31, 2020 Amortized Cost Estimated Fair Value (in thousands) Held-to-maturity After one year through five years $ 24,649 $ 25,222 After ten years 459,126 504,840 Total HTM securities $ 483,775 $ 530,062 Available-for-sale Due in one year or less $ 6,011 $ 6,045 After one year through five years 6,728 6,777 After five years through ten years 163,505 147,247 After ten years 717,221 737,128 Mortgage-backed securities 2,746,644 2,779,454 Total AFS securities $ 3,640,109 $ 3,676,651 |
Investment Securities by Credit Rating Type | The following tables summarize the carrying amount of the Company’s investment ratings position as of March 31, 2020 and December 31, 2019 , which are updated quarterly and used to monitor the credit quality of the Company's securities: March 31, 2020 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in thousands) Held-to-maturity Tax-exempt $ — $ — $ — $ — $ — $ — $ 483,775 $ 483,775 Available-for-sale debt securities CDO $ — $ — $ — $ — $ — $ 7,351 $ — $ 7,351 Commercial MBS issued by GSEs — 104,641 — — — — — 104,641 Corporate debt securities — — — 58,100 29,794 — — 87,894 LIHTC development bonds — — — — — — 30,000 30,000 Municipal securities — — — — — — 6,683 6,683 Private label residential MBS 1,172,846 — — 154 288 1,017 6,212 1,180,517 Residential MBS issued by GSEs — 1,494,296 — — — — — 1,494,296 Tax-exempt 58,696 2,826 453,146 225,970 — — 73 740,711 Trust preferred securities — — — — 23,557 — — 23,557 U.S. treasury securities — 1,001 — — — — — 1,001 Total AFS securities (1) $ 1,231,542 $ 1,602,764 $ 453,146 $ 284,224 $ 53,639 $ 8,368 $ 42,968 $ 3,676,651 Equity securities CRA investments $ — $ 27,324 $ — $ — $ — $ — $ 25,780 $ 53,104 Preferred stock — — — — 75,405 1,941 708 78,054 Total equity securities (1) $ — $ 27,324 $ — $ — $ 75,405 $ 1,941 $ 26,488 $ 131,158 (1) Where ratings differ, the Company uses an average of the available ratings by major credit agencies. December 31, 2019 AAA Split-rated AAA/AA+ AA+ to AA- A+ to A- BBB+ to BBB- BB+ and below Unrated Totals (in thousands) Held-to-maturity Tax-exempt $ — $ — $ — $ — $ — $ — $ 485,107 $ 485,107 Available-for-sale debt securities CDO $ — $ — $ — $ — $ — $ 10,142 $ — $ 10,142 Commercial MBS issued by GSEs — 94,253 — — — — — 94,253 Corporate debt securities — — — 66,530 33,431 — — 99,961 Municipal securities — — — — — — 7,773 7,773 Private label residential MBS 1,096,909 — 30,675 181 288 1,174 — 1,129,227 Residential MBS issued by GSEs — 1,412,060 — — — — — 1,412,060 Tax-exempt 52,610 2,856 327,657 171,732 — — — 554,855 Trust preferred securities — — — — 27,040 — — 27,040 U.S. government sponsored agency securities — 10,000 — — — — — 10,000 U.S. treasury securities — 999 — — — — — 999 Total AFS securities (1) $ 1,149,519 $ 1,520,168 $ 358,332 $ 238,443 $ 60,759 $ 11,316 $ 7,773 $ 3,346,310 Equity securities CRA investments $ — $ 25,375 $ — $ — $ — $ — $ 27,129 $ 52,504 Preferred stock — — — — 82,851 2,105 1,241 86,197 Total equity securities (1) $ — $ 25,375 $ — $ — $ 82,851 $ 2,105 $ 28,370 $ 138,701 (1) Where ratings differ, the Company uses an average of the available ratings by major credit agencies. |
Gross Gains and (Losses) on Sales of Investment Securities | Three Months Ended March 31, 2020 2019 (in thousands) Available-for-sale securities Gross gains $ 205 $ — Gross losses (133 ) — Net gains (losses) on AFS securities $ 72 $ — |
Loans, Leases and Allowance f_2
Loans, Leases and Allowance for Credit Losses (Tables) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Receivables [Abstract] | ||
Loans Receivable Held-for-sale, Amount | $ 20,873 | $ 21,803 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | The following table presents information on the financial effects of TDR loans for the periods presented: March 31, 2020 Number of Loans Recorded Investment (dollars in thousands) Commercial and industrial 3 $ 20,427 Small balance commercial 1 183 Small balance CRE - owner occupied 2 1,423 CRE - non-owner occupied 1 4,492 Total 7 $ 26,525 | |
Schedule of Held for Investment Loan Portfolio Composition of Loans, Leases and Allowance for Credit Losses | The Company's primary portfolio segments have changed to align with the methodology applied in estimating the allowance for credit losses under CECL. In addition, as the concept of impaired loans does not exist under CECL, disclosures that related solely to impaired loans have been removed. The composition of the Company's held for investment loan portfolio is as follows: March 31, 2020 (in thousands) Commercial and industrial $ 6,861,344 Small balance commercial 321,352 CRE - owner occupied 1,821,976 Small balance CRE - owner occupied 252,439 CRE - non-owner occupied 5,260,641 Residential 2,172,765 Construction and land development 2,011,293 Warehouse lending 2,546,940 Municipal & nonprofit 1,659,167 Other 237,351 Total loans HFI 23,145,268 Allowance for credit losses (235,329 ) Total loans HFI, net of allowance $ 22,909,939 | December 31, 2019 (in thousands) Commercial and industrial $ 9,382,043 Commercial real estate - non-owner occupied 5,245,634 Commercial real estate - owner occupied 2,316,913 Construction and land development 1,952,156 Residential real estate 2,147,664 Consumer 57,083 Loans, net of deferred loan fees and costs 21,101,493 Allowance for credit losses (167,797 ) Total loans HFI $ 20,933,696 |
Contractual Aging of Loan Portfolio by Class of Loans Including Loans Held for Sale and Excluding Deferred Fees/Costs | The following table presents an aging analysis of past due loans by loan portfolio segment: March 31, 2020 Current 30-59 Days 60-89 Days Over 90 days Total Total (in thousands) Commercial and industrial $ 6,859,907 $ 1,256 $ — $ 181 $ 1,437 $ 6,861,344 Small balance commercial 319,220 1,593 367 172 2,132 321,352 CRE - owner occupied 1,819,566 2,410 — — 2,410 1,821,976 Small balance CRE - owner occupied 249,419 2,896 — 124 3,020 252,439 CRE - non-owner occupied 5,224,298 20,002 4,161 12,180 36,343 5,260,641 Residential 2,154,557 10,187 4,711 3,310 18,208 2,172,765 Construction and land development 2,010,629 664 — — 664 2,011,293 Warehouse lending 2,546,940 — — — — 2,546,940 Municipal & nonprofit 1,659,167 — — — — 1,659,167 Other 236,778 382 135 56 573 237,351 Total loans $ 23,080,481 $ 39,390 $ 9,374 $ 16,023 $ 64,787 $ 23,145,268 | December 31, 2019 Current 30-59 Days 60-89 Days Over 90 days Total Total (in thousands) Commercial and industrial $ 9,376,377 $ 2,501 $ 637 $ 2,528 $ 5,666 $ 9,382,043 Commercial real estate Owner occupied 2,316,165 624 — 124 748 2,316,913 Non-owner occupied 5,007,644 4,661 — 11,913 16,574 5,024,218 Multi-family 221,416 — — — — 221,416 Construction and land development Construction 1,176,908 — — — — 1,176,908 Land 775,248 — — — — 775,248 Residential real estate 2,134,346 7,627 1,721 3,970 13,318 2,147,664 Consumer 57,083 — — — — 57,083 Total loans $ 21,065,187 $ 15,413 $ 2,358 $ 18,535 $ 36,306 $ 21,101,493 |
Summary of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 Days Still Accruing Interest by Loan Class | Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment: March 31, 2020 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Past Due 90 Days or More and Still Accruing (in thousands) Commercial and industrial $ 17,040 $ 329 $ 17,369 $ — Small balance commercial 1,810 1,760 3,570 — CRE - owner occupied 8,660 — 8,660 — Small balance CRE - owner occupied 3,077 147 3,224 — CRE - non-owner occupied 13,017 11,912 24,929 — Residential 5,783 — 5,783 — Construction and land development — — — — Warehouse lending — — — — Municipal & nonprofit — 2,083 2,083 — Other 14 68 82 — Total $ 49,401 $ 16,299 $ 65,700 $ — In addition, the Company also has HFS loans totaling $20.9 million that are on nonaccrual status as of March 31, 2020 . | December 31, 2019 Non-accrual loans Loans past due 90 days or more and still accruing Current Past Due/ Total (in thousands) Commercial and industrial $ 19,080 $ 5,421 $ 24,501 $ — Commercial real estate Owner occupied 4,418 124 4,542 — Non-owner occupied 7,265 11,913 19,178 — Multi-family — — — — Construction and land development Construction 2,147 — 2,147 — Land — — — — Residential real estate 1,231 4,369 5,600 — Consumer — — — — Total $ 34,141 $ 21,827 $ 55,968 $ — The reduction in interest income associated with loans on nonaccrual status was approximately $0.7 million and $0.3 million for the three months ended March 31, 2020 and 2019 , respectively. |
Loans by Risk Rating | Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. This analysis is performed on a quarterly basis. The risk rating categories are described in "Note 1. Summary of Significant Accounting Policies ." The following tables present risk ratings as of March 31, 2020 by loan portfolio segment: Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total March 31, 2020 2020 2019 2018 2017 2016 Prior ( in thousands) Commercial and industrial Pass $ 406,050 $ 1,488,462 $ 664,227 $ 368,465 $ 107,572 $ 160,685 $ 3,516,936 $ 6,712,397 Special mention 2,000 21,657 3,893 2,886 1,648 — 4,712 36,796 Substandard 21,313 27,342 10,370 — — 273 52,672 111,970 Doubtful — — — 181 — — — 181 Loss — — — — — — — — Total $ 429,363 $ 1,537,461 $ 678,490 $ 371,532 $ 109,220 $ 160,958 $ 3,574,320 $ 6,861,344 Small balance commercial Pass $ 7,770 $ 64,512 $ 49,263 $ 28,743 $ 12,898 $ 15,333 $ 136,067 $ 314,586 Special mention — — 304 403 261 55 1,306 2,329 Substandard — — 2,857 449 171 614 99 4,190 Doubtful — — — 247 — — — 247 Loss — — — — — — — — Total $ 7,770 $ 64,512 $ 52,424 $ 29,842 $ 13,330 $ 16,002 $ 137,472 $ 321,352 CRE - owner occupied Pass $ 65,452 $ 323,687 $ 325,648 $ 448,528 $ 154,189 $ 359,563 $ 94,589 $ 1,771,656 Special mention — — — — 874 5,485 — 6,359 Substandard — 7,659 4,438 6,689 3,844 19,332 1,999 43,961 Doubtful — — — — — — — — Loss — — — — — — — — Total $ 65,452 $ 331,346 $ 330,086 $ 455,217 $ 158,907 $ 384,380 $ 96,588 $ 1,821,976 Small balance CRE - owner occupied Pass $ 7,209 $ 29,364 $ 31,438 $ 44,764 $ 38,605 $ 91,038 $ 2,476 $ 244,894 Special mention — — 464 320 1,547 1,310 124 3,765 Substandard — — — — 1,070 2,710 — 3,780 Doubtful — — — — — — — — Loss — — — — — — — — Total $ 7,209 $ 29,364 $ 31,902 $ 45,084 $ 41,222 $ 95,058 $ 2,600 $ 252,439 CRE - non-owner occupied Pass $ 356,560 $ 1,888,523 $ 1,169,875 $ 758,026 $ 211,464 $ 423,571 $ 353,779 $ 5,161,798 Special mention — 20,265 12,750 — 1,062 1,019 — 35,096 Substandard — 6,910 — 17,787 17,487 21,563 — 63,747 Doubtful — — — — — — — — Loss — — — — — — — — Total $ 356,560 $ 1,915,698 $ 1,182,625 $ 775,813 $ 230,013 $ 446,153 $ 353,779 $ 5,260,641 Term Loan Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Total March 31, 2020 2020 2019 2018 2017 2016 Prior ( in thousands) Residential Pass $ 115,125 $ 930,182 $ 572,618 $ 145,945 $ 116,913 $ 69,613 $ 215,866 $ 2,166,262 Special mention — — — — — — 720 720 Substandard — — 1,223 1,966 1,477 43 1,074 5,783 Doubtful — — — — — — — — Loss — — — — — — — — Total $ 115,125 $ 930,182 $ 573,841 $ 147,911 $ 118,390 $ 69,656 $ 217,660 $ 2,172,765 Construction and land development Pass $ 81,184 $ 636,400 $ 652,203 $ 128,422 $ 5,146 $ 15,755 $ 473,701 $ 1,992,811 Special mention — 9,518 3,100 — — — 5,864 18,482 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total $ 81,184 $ 645,918 $ 655,303 $ 128,422 $ 5,146 $ 15,755 $ 479,565 $ 2,011,293 Warehouse lending Pass $ 104,179 $ 81,139 $ 67,951 $ 1,819 $ 4,805 $ 1,648 $ 2,285,399 $ 2,546,940 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total $ 104,179 $ 81,139 $ 67,951 $ 1,819 $ 4,805 $ 1,648 $ 2,285,399 $ 2,546,940 Municipal & nonprofit Pass $ 24,503 $ 162,676 $ 102,398 $ 240,410 $ 134,657 $ 989,118 $ 3,322 $ 1,657,084 Special mention — — — — — — — — Substandard — — — 2,083 — — — 2,083 Doubtful — — — — — — — — Loss — — — — — — — — Total $ 24,503 $ 162,676 $ 102,398 $ 242,493 $ 134,657 $ 989,118 $ 3,322 $ 1,659,167 Other Pass $ 9,542 $ 22,223 $ 17,962 $ 9,717 $ 41,694 $ 50,547 $ 84,550 $ 236,235 Special mention — — 136 — — 3 534 673 Substandard — 149 203 — — — 79 431 Doubtful — — 8 — — — 4 12 Loss — — — — — — — — Total $ 9,542 $ 22,372 $ 18,309 $ 9,717 $ 41,694 $ 50,550 $ 85,167 $ 237,351 Total by Risk Category Pass $ 1,177,574 $ 5,627,168 $ 3,653,583 $ 2,174,839 $ 827,943 $ 2,176,871 $ 7,166,685 $ 22,804,663 Special mention 2,000 51,440 20,647 3,609 5,392 7,872 13,260 104,220 Substandard 21,313 42,060 19,091 28,974 24,049 44,535 55,923 235,945 Doubtful — — 8 428 — — 4 440 Loss — — — — — — — — Total $ 1,200,887 $ 5,720,668 $ 3,693,329 $ 2,207,850 $ 857,384 $ 2,229,278 $ 7,235,872 $ 23,145,268 | December 31, 2019 Pass Special Mention Substandard Doubtful Loss Total (in thousands) Commercial and industrial $ 9,265,823 $ 65,893 $ 49,878 $ 449 $ — $ 9,382,043 Commercial real estate Owner occupied 2,265,566 9,579 41,768 — — 2,316,913 Non-owner occupied 4,913,007 64,161 47,050 — — 5,024,218 Multi-family 221,416 — — — — 221,416 Construction and land development Construction 1,157,169 17,592 2,147 — — 1,176,908 Land 773,868 1,380 — — — 775,248 Residential real estate 2,141,336 366 5,962 — — 2,147,664 Consumer 57,073 10 — — — 57,083 Total $ 20,795,258 $ 158,981 $ 146,805 $ 449 $ — $ 21,101,493 December 31, 2019 Pass Special Mention Substandard Doubtful Loss Total (in thousands) Current (up to 29 days past due) $ 20,785,118 $ 158,907 $ 120,897 $ 265 $ — $ 21,065,187 Past due 30 - 59 days 8,263 58 7,092 — — 15,413 Past due 60 - 89 days 1,481 16 861 — — 2,358 Past due 90 days or more 396 — 17,955 184 — 18,535 Total $ 20,795,258 $ 158,981 $ 146,805 $ 449 $ — $ 21,101,493 |
Allowances for Credit Losses | The below table reflects the activity in the allowance for credit losses for loans held for investment by loan portfolio segment: Three Months Ended March 31, 2020 Balance, Provision Writeoffs Recoveries Balance, (in thousands) Commercial and industrial $ 116,518 $ 39,450 $ — $ (1,223 ) $ 157,191 Small balance commercial 1,660 1,264 55 (70 ) 2,939 CRE - owner occupied 9,852 61 — (2 ) 9,915 Small balance CRE - owner occupied 568 72 — (2 ) 642 CRE - non-owner occupied 24,607 6,425 — (1,930 ) 32,962 Residential 3,814 (2,547 ) — (12 ) 1,279 Construction and land development 6,218 927 — (10 ) 7,155 Warehouse lending 246 156 — — 402 Municipal & nonprofit 17,397 (1,231 ) — — 16,166 Other 6,045 664 42 (11 ) 6,678 Total $ 186,925 $ 45,241 $ 97 $ (3,260 ) $ 235,329 The following table disaggregates the Company's allowance for credit losses and loan balance by measurement methodology: March 31, 2020 Loans Allowance Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total Collectively Evaluated for Credit Loss Individually Evaluated for Credit Loss Total (in thousands) Commercial and industrial $ 6,748,566 $ 112,778 $ 6,861,344 $ 156,887 $ 304 $ 157,191 Small balance commercial 317,114 4,238 321,352 1,569 1,370 2,939 CRE - owner occupied 1,775,801 46,175 1,821,976 9,915 — 9,915 Small balance CRE - owner occupied 247,394 5,045 252,439 599 43 642 CRE - non-owner occupied 5,153,428 107,213 5,260,641 28,336 4,626 32,962 Residential 2,166,981 5,784 2,172,765 1,279 — 1,279 Construction and land development 2,011,293 — 2,011,293 7,155 — 7,155 Warehouse lending 2,546,940 — 2,546,940 402 — 402 Municipal & nonprofit 1,657,084 2,083 1,659,167 15,724 442 16,166 Other 236,910 441 237,351 6,612 66 6,678 Total $ 22,861,511 $ 283,757 $ 23,145,268 $ 228,478 $ 6,851 $ 235,329 | Commercial Real Estate-Owner Occupied Commercial Real Estate-Non-Owner Occupied Commercial and Industrial Residential Real Estate Construction and Land Development Consumer Total Loans (in thousands) Loans as of December 31, 2019; Recorded Investment Impaired loans with an allowance recorded $ — $ 11,913 $ 6,919 $ — $ 2,147 $ — $ 20,979 Impaired loans with no allowance recorded 17,736 23,625 42,065 5,600 6,274 24 95,324 Total loans individually evaluated for impairment 17,736 35,538 48,984 5,600 8,421 24 116,303 Loans collectively evaluated for impairment 2,296,342 5,159,921 9,333,059 2,142,045 1,943,735 57,059 20,932,161 Loans acquired with deteriorated credit quality 2,835 50,175 — 19 — — 53,029 Total recorded investment $ 2,316,913 $ 5,245,634 $ 9,382,043 $ 2,147,664 $ 1,952,156 $ 57,083 $ 21,101,493 Unpaid Principal Balance Impaired loans with an allowance recorded $ — $ 11,949 $ 9,844 $ — $ 2,262 $ — 24,055 Impaired loans with no allowance recorded 18,681 24,738 43,848 5,708 6,413 52 99,440 Total loans individually evaluated for impairment 18,681 36,687 53,692 5,708 8,675 52 123,495 Loans collectively evaluated for impairment 2,297,168 5,177,477 9,312,100 2,113,893 1,963,116 57,383 20,921,137 Loans acquired with deteriorated credit quality 3,577 60,191 — 72 — — 63,840 Total unpaid principal balance $ 2,319,426 $ 5,274,355 $ 9,365,792 $ 2,119,673 $ 1,971,791 $ 57,435 $ 21,108,472 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ — $ 1,219 $ 1,050 $ — $ 507 $ — $ 2,776 Impaired loans with no allowance recorded — — — — — — — Total loans individually evaluated for impairment — 1,219 1,050 — 507 — 2,776 Loans collectively evaluated for impairment 13,842 32,114 81,252 13,714 23,387 614 164,923 Loans acquired with deteriorated credit quality — 98 — — — — 98 Total allowance for credit losses $ 13,842 $ 33,431 $ 82,302 $ 13,714 $ 23,894 $ 614 $ 167,797 Three Months Ended March 31, 2019 Balance, Charge-offs Recoveries Provision Expense (Reversal) Balance, (in thousands) Construction and land development $ 22,513 $ — $ (55 ) $ 3,515 $ 26,083 Commercial real estate 34,829 — (453 ) 2,585 37,867 Residential real estate 11,276 188 (93 ) 1,825 13,006 Commercial and industrial 83,118 2,124 (477 ) (4,217 ) 77,254 Consumer 981 1 (5 ) (208 ) 777 Total $ 152,717 $ 2,313 $ (1,083 ) $ 3,500 $ 154,987 |
Loans, Leases and Allowance for Credit Losses | Loan Purchases and Sales The following table presents loan purchases by portfolio segment during the three months ended March 31, 2020 : Purchases (in thousands) Commercial and industrial $ 286,459 Small balance commercial 2,269 Residential 279,450 Warehouse lending 99,446 Total $ 667,624 There were no loans purchased with more-than-insignificant deterioration in credit quality during the three months ended March 31, 2020 . There were no loan sales during the three months ended March 31, 2020 . The following table presents loan purchases and sales by class during the three months ended March 31, 2019 . Three Months Ended March 31, 2019 Purchases Sales (in thousands) Commercial and industrial $ 187,991 $ 15,500 Commercial real estate - non-owner occupied 30,034 — Residential real estate 312,472 — Total $ 530,497 $ 15,500 The Company recognized a net loss of $0.4 million on loan sales during the three months ended March 31, 2019 . |
Other Borrowings (Tables)
Other Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Debt Disclosure [Abstract] | |
Company's Borrowings | The following table summarizes the Company’s borrowings as of March 31, 2020 and December 31, 2019 : March 31, 2020 December 31, 2019 (in thousands) Short-Term: Federal funds purchased $ 308,000 $ — FHLB advances — — Total short-term borrowings $ 308,000 $ — |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Equity [Abstract] | |
Summary of Changes in Accumulated Other Comprehensive Income | The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated: Three Months Ended March 31, Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on SERP Unrealized holding gains (losses) on junior subordinated debt Impairment loss on securities Total (in thousands) Balance, December 31, 2019 $ 21,399 $ (20 ) $ 3,629 $ — $ 25,008 Other comprehensive income (loss) before reclassifications 6,276 (290 ) 6,557 — 12,543 Amounts reclassified from AOCI (54 ) — — — (54 ) Net current-period other comprehensive income (loss) 6,222 (290 ) 6,557 — 12,489 Balance, March 31, 2020 $ 27,621 $ (310 ) $ 10,186 $ — $ 37,497 Balance, December 31, 2018 $ (47,591 ) $ 392 $ 13,433 $ 144 $ (33,622 ) Other comprehensive income (loss) before reclassifications 31,377 (18 ) (5,928 ) — 25,431 Amounts reclassified from AOCI — — — — — Net current-period other comprehensive income (loss) 31,377 (18 ) (5,928 ) — 25,431 Balance, March 31, 2019 $ (16,214 ) $ 374 $ 7,505 $ 144 $ (8,191 ) |
Derivatives and Hedging (Tables
Derivatives and Hedging (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position | The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in other assets or other liabilities on the Consolidated Balance Sheets, as indicated in the following table: March 31, 2020 December 31, 2019 March 31, 2019 Fair Value Fair Value Fair Value Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities Notional Derivative Assets Derivative Liabilities (in thousands) Derivatives designated as hedging instruments: Fair value hedges Interest rate swaps $ 859,086 $ 4,416 $ 95,128 $ 862,952 $ 1,778 $ 55,471 $ 961,493 $ 987 $ 48,332 Total 859,086 4,416 95,128 862,952 1,778 55,471 961,493 987 48,332 Netting adjustments (1) — — — — 21 21 — 987 987 Net derivatives in the balance sheet $ 859,086 $ 4,416 $ 95,128 $ 862,952 $ 1,757 $ 55,450 $ 961,493 $ — $ 47,345 Derivatives not designated as hedging instruments: Foreign currency contracts $ 9,280 $ 265 $ 228 $ 6,711 $ 44 $ 18 $ 42,113 $ 715 $ 511 Interest rate swaps 2,932 227 227 2,932 81 81 2,348 12 12 Total $ 12,212 $ 492 $ 455 $ 9,643 $ 125 $ 99 $ 44,461 $ 727 $ 523 (1) Netting adjustments represent the amounts recorded to convert the Company's derivative balances from a gross basis to a net basis in accordance with the applicable accounting guidance. |
Largest Exposure To Individual Counterparty | The following table summarizes the Company's largest exposure to an individual counterparty at the dates indicated: March 31, 2020 December 31, 2019 March 31, 2019 (in thousands) Largest gross exposure (derivative asset) to an individual counterparty $ 4,264 $ 1,757 $ 987 Collateral posted by this counterparty — 1,610 — Derivative liability with this counterparty — — 32,250 Collateral pledged to this counterparty — — 40,035 Net exposure after netting adjustments and collateral $ 4,264 $ 147 $ — |
Earnings per Share (Tables)
Earnings per Share (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents the calculation of basic and diluted EPS: Three Months Ended March 31, 2020 2019 (in thousands, except per share amounts) Weighted average shares - basic 101,328 104,033 Dilutive effect of stock awards 347 442 Weighted average shares - diluted 101,675 104,475 Net income $ 83,964 $ 120,796 Earnings per share - basic 0.83 1.16 Earnings per share - diluted 0.83 1.16 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Contractual Amounts for Unfunded Commitments and Letters of Credit | A summary of the contractual amounts for unfunded commitments and letters of credit are as follows: March 31, 2020 December 31, 2019 (in thousands) Commitments to extend credit, including unsecured loan commitments of $952,211 at March 31, 2020 and $895,175 at December 31, 2019 $ 7,362,311 $ 8,348,421 Credit card commitments and financial guarantees 323,052 302,909 Letters of credit, including unsecured letters of credit of $8,008 at March 31, 2020 and $5,850 at December 31, 2019 163,608 175,778 Total $ 7,848,971 $ 8,827,108 |
Fair Value Accounting (Tables)
Fair Value Accounting (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Gains and Losses from Fair Value Changes Included in Consolidated Statement of Operations | For the three months ended March 31, 2020 and 2019 , unrealized gains and losses from fair value changes on junior subordinated debt were as follows: Three Months Ended March 31, 2020 2019 (in thousands) Unrealized gains/(losses) $ 8,695 $ (7,862 ) Changes included in OCI, net of tax 6,557 (5,928 ) |
Fair Value of Assets and Liabilities | The fair value of assets and liabilities measured at fair value on a recurring basis was determined using the following inputs as of the periods presented: Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value (in thousands) March 31, 2020 Assets: Available-for-sale debt securities CDO $ — $ 7,351 $ — $ 7,351 Commercial MBS issued by GSEs — 104,641 — 104,641 Corporate debt securities 5,044 82,850 — 87,894 LIHTC development bonds — 30,000 — 30,000 Municipal securities — 6,683 — 6,683 Private label residential MBS — 1,180,517 — 1,180,517 Residential MBS issued by GSEs — 1,494,296 — 1,494,296 Tax-exempt — 740,711 — 740,711 Trust preferred securities 23,557 — — 23,557 U.S. treasury securities — 1,001 — 1,001 Total AFS debt securities $ 28,601 $ 3,648,050 $ — $ 3,676,651 Equity securities CRA investments $ 53,104 $ — $ — $ 53,104 Preferred stock 78,054 — — 78,054 Total equity securities $ 131,158 $ — $ — $ 131,158 Loans - HFS $ — $ 20,873 $ — $ 20,873 Derivative assets (1) — 4,908 — 4,908 Liabilities: Junior subordinated debt (2) $ — $ — $ 52,990 $ 52,990 Derivative liabilities (1) — 95,583 — 95,583 (1) Derivative assets and liabilities relate primarily to interest rate swaps, see " Note 8. Derivatives and Hedging Activities ." In addition, the carrying value of loans is increased by $95,128 and the net carrying value of subordinated debt is decreased by $4,416 as of March 31, 2020 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. (2) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. Fair Value Measurements at the End of the Reporting Period Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value (in thousands) December 31, 2019 Assets: Available-for-sale debt securities CDO $ — $ 10,142 $ — $ 10,142 Commercial MBS issued by GSEs — 94,253 — 94,253 Corporate debt securities 5,127 94,834 — 99,961 Municipal securities — 7,773 — 7,773 Private label residential MBS — 1,129,227 — 1,129,227 Residential MBS issued by GSEs — 1,412,060 — 1,412,060 Tax-exempt — 554,855 — 554,855 Trust preferred securities 27,040 — — 27,040 U.S. government sponsored agency securities — 10,000 — 10,000 U.S. treasury securities — 999 — 999 Total AFS debt securities $ 32,167 $ 3,314,143 $ — $ 3,346,310 Equity securities CRA investments $ 52,504 $ — $ — $ 52,504 Preferred stock 86,197 — — 86,197 Total equity securities $ 138,701 $ — $ — $ 138,701 Loans - HFS $ — $ 21,803 $ — $ 21,803 Derivative assets (1) — 1,903 — 1,903 Liabilities: Junior subordinated debt (2) $ — $ — $ 61,685 $ 61,685 Derivative liabilities (1) — 55,570 — 55,570 (1) Derivative assets and liabilities relate primarily to interest rate swaps, see " Note 8. Derivatives and Hedging Activities ." In addition, the carrying value of loans is increased by $53,292 and the net carrying value of subordinated debt is decreased by $401 as of December 31, 2019 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. (2) Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment. |
Change in Level 3 Liabilities Measured at Fair Value on Recurring Basis | For the three months ended March 31, 2020 and 2019 , the change in Level 3 liabilities measured at fair value on a recurring basis was as follows: Junior Subordinated Debt Three Months Ended March 31, 2020 2019 (in thousands) Beginning balance $ (61,685 ) $ (48,684 ) Change in fair value (1) 8,695 (7,862 ) Ending balance $ (52,990 ) $ (56,546 ) |
Assets Measured at Fair Value on Nonrecurring Basis | The following table presents such assets carried on the Balance Sheet by caption and by level within the ASC 825 hierarchy: Fair Value Measurements at the End of the Reporting Period Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) As of March 31, 2020; Loans $ 154,978 $ — $ — $ 154,978 Other assets acquired through foreclosure 10,647 — — 10,647 As of December 31, 2019: Loans $ 110,272 $ — $ 110,272 Other assets acquired through foreclosure 13,850 — — 13,850 |
Estimated Fair Value of Financial Instruments | The estimated fair value of the Company’s financial instruments is as follows: March 31, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in thousands) Financial assets: Investment securities: HTM $ 483,775 $ — $ 530,062 $ — $ 530,062 AFS 3,676,651 28,601 3,648,050 — 3,676,651 Equity 131,158 131,158 — — 131,158 Derivative assets 4,908 — 4,908 — 4,908 Loans, net 22,930,812 — — 23,347,279 23,347,279 Accrued interest receivable 106,777 — 106,777 — 106,777 Financial liabilities: Deposits $ 24,830,681 $ — $ 24,849,522 $ — $ 24,849,522 Customer repurchase agreements 22,980 — 22,980 — 22,980 Qualifying debt 389,893 — 304,451 63,241 367,692 Derivative liabilities 95,583 — 95,583 — 95,583 Accrued interest payable 16,565 — 16,565 — 16,565 December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total (in thousands) Financial assets: Investment securities: HTM $ 485,107 $ — $ 516,261 $ — $ 516,261 AFS 3,346,310 32,167 3,314,143 — 3,346,310 Equity securities 138,701 138,701 — — 138,701 Derivative assets 1,903 — 1,903 — 1,903 Loans, net 20,955,499 — — 21,256,462 21,256,462 Accrued interest receivable 108,694 — 108,694 — 108,694 Financial liabilities: Deposits $ 22,796,493 $ — $ 22,813,265 $ — $ 22,813,265 Customer repurchase agreements 16,675 — 16,675 — 16,675 Qualifying debt 393,563 — 332,635 74,155 406,790 Derivative liabilities 55,570 — 55,570 — 55,570 Accrued interest payable 24,661 — 24,661 — 24,661 |
Segments (Tables)
Segments (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Segment Reporting [Abstract] | |
Operating Segment Information | The following is a summary of operating segment information for the periods indicated: Regional Segments Balance Sheet: Consolidated Company Arizona Nevada Southern California Northern California At March 31, 2020 (in millions) Assets: Cash, cash equivalents, and investment securities $ 4,771.0 $ 2.0 $ 13.1 $ 2.0 $ 1.6 Loans, net of deferred loan fees and costs 23,166.2 3,960.3 2,296.5 2,263.2 1,429.2 Less: allowance for credit losses (235.3 ) (28.9 ) (20.3 ) (13.6 ) (12.1 ) Total loans 22,930.9 3,931.4 2,276.2 2,249.6 1,417.1 Other assets acquired through foreclosure, net 10.6 — 9.3 1.3 — Goodwill and other intangible assets, net 297.2 — 23.2 — 154.4 Other assets 1,148.5 54.2 53.4 14.4 14.8 Total assets $ 29,158.2 $ 3,987.6 $ 2,375.2 $ 2,267.3 $ 1,587.9 Liabilities: Deposits $ 24,830.7 $ 6,529.5 $ 4,245.2 $ 3,027.6 $ 2,508.7 Borrowings and qualifying debt 697.9 — — — — Other liabilities 630.0 23.0 12.6 2.6 16.2 Total liabilities 26,158.6 6,552.5 4,257.8 3,030.2 2,524.9 Allocated equity: 2,999.6 495.8 305.3 260.8 327.8 Total liabilities and stockholders' equity $ 29,158.2 $ 7,048.3 $ 4,563.1 $ 3,291.0 $ 2,852.7 Excess funds provided (used) — 3,060.7 2,187.9 1,023.7 1,264.8 Income Statement: Three Months Ended March 31, 2020 (in thousands) Net interest income $ 269,020 $ 65,404 $ 43,147 $ 32,390 $ 25,886 Provision for (recovery of) credit losses 51,176 6,571 3,684 3,249 4,295 Net interest income after provision for credit losses 217,844 58,833 39,463 29,141 21,591 Non-interest income 5,109 1,684 2,818 1,193 2,391 Non-interest expense (120,481 ) (23,870 ) (15,100 ) (15,434 ) (13,668 ) Income (loss) before income taxes 102,472 36,647 27,181 14,900 10,314 Income tax expense (benefit) 18,508 9,032 5,649 4,031 2,845 Net income $ 83,964 $ 27,615 $ 21,532 $ 10,869 $ 7,469 National Business Lines Balance Sheet: HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other At March 31, 2020 Assets: (in millions) Cash, cash equivalents, and investment securities $ — $ — $ — $ — $ 17.2 $ 4,735.1 Loans, net of deferred loan fees and costs 233.5 1,659.2 2,054.1 1,978.4 7,288.3 3.5 Less: allowance for credit losses (5.2 ) (16.2 ) (43.1 ) (20.1 ) (75.8 ) — Total loans 228.3 1,643.0 2,011.0 1,958.3 7,212.5 3.5 Other assets acquired through foreclosure, net — — — — — — Goodwill and other intangible assets, net — — 119.5 0.1 — — Other assets 4.5 12.0 9.9 9.0 81.1 895.2 Total assets $ 232.8 $ 1,655.0 $ 2,140.4 $ 1,967.4 $ 7,310.8 $ 5,633.8 Liabilities: Deposits $ 3,539.6 $ — $ 4,154.5 $ — $ 51.1 $ 774.5 Borrowings and qualifying debt — — — — — 697.9 Other liabilities 1.7 94.0 0.2 (0.7 ) 24.2 456.2 Total liabilities 3,541.3 94.0 4,154.7 (0.7 ) 75.3 1,928.6 Allocated equity: 98.9 127.6 371.8 158.4 575.0 278.2 Total liabilities and stockholders' equity $ 3,640.2 $ 221.6 $ 4,526.5 $ 157.7 $ 650.3 $ 2,206.8 Excess funds provided (used) 3,407.4 (1,433.4 ) 2,386.1 (1,809.7 ) (6,660.5 ) (3,427.0 ) Income Statement: Three Months Ended March 31, 2020 (in thousands) Net interest income $ 22,883 $ 1,911 $ 41,674 $ 13,477 $ 37,427 $ (15,179 ) Provision for (recovery of) credit losses 708 (1,062 ) 18,283 5,829 9,284 335 Net interest income after provision for credit losses 22,175 2,973 23,391 7,648 28,143 (15,514 ) Non-interest income 126 — 2,975 — 615 (6,693 ) Non-interest expense (10,698 ) (1,854 ) (13,275 ) (2,435 ) (11,898 ) (12,249 ) Income (loss) before income taxes 11,603 1,119 13,091 5,213 16,860 (34,456 ) Income tax expense (benefit) 2,755 480 2,916 1,044 3,669 (13,913 ) Net income $ 8,848 $ 639 $ 10,175 $ 4,169 $ 13,191 $ (20,543 ) Regional Segments Balance Sheet: Consolidated Company Arizona Nevada Southern California Northern California At December 31, 2019 (in millions) Assets: Cash, cash equivalents, and investment securities $ 4,471.2 $ 1.8 $ 9.0 $ 2.3 $ 2.2 Loans, net of deferred loan fees and costs 21,123.3 3,847.9 2,252.5 2,253.9 1,311.2 Less: allowance for credit losses (167.8 ) (31.6 ) (18.0 ) (18.3 ) (9.7 ) Total loans 20,955.5 3,816.3 2,234.5 2,235.6 1,301.5 Other assets acquired through foreclosure, net 13.9 — 13.0 0.9 — Goodwill and other intangible assets, net 297.6 — 23.2 — 154.6 Other assets 1,083.7 48.6 59.4 15.0 19.8 Total assets $ 26,821.9 $ 3,866.7 $ 2,339.1 $ 2,253.8 $ 1,478.1 Liabilities: Deposits $ 22,796.5 $ 5,384.7 $ 4,350.1 $ 2,585.3 $ 2,373.6 Borrowings and qualifying debt 393.6 — — — — Other liabilities 615.1 17.8 11.9 1.2 15.9 Total liabilities 23,805.2 5,402.5 4,362.0 2,586.5 2,389.5 Allocated equity: 3,016.7 453.6 301.0 253.3 312.5 Total liabilities and stockholders' equity $ 26,821.9 $ 5,856.1 $ 4,663.0 $ 2,839.8 $ 2,702.0 Excess funds provided (used) — 1,989.4 2,323.9 586.0 1,223.9 Income Statement: Three Months Ended March 31, 2019 (in thousands) Net interest income $ 247,336 $ 55,226 $ 39,096 $ 30,477 $ 23,033 Provision for (recovery of) credit losses 4,536 161 533 733 (719 ) Net interest income (expense) after provision for credit losses 242,800 55,065 38,563 29,744 23,752 Non-interest income 15,410 1,521 2,573 1,001 2,220 Non-interest expense (111,878 ) (22,248 ) (15,781 ) (14,583 ) (13,490 ) Income (loss) before income taxes 146,332 34,338 25,355 16,162 12,482 Income tax expense (benefit) 25,536 8,584 5,325 4,525 3,495 Net income $ 120,796 $ 25,754 $ 20,030 $ 11,637 $ 8,987 National Business Lines Balance Sheet: HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other At December 31, 2019 Assets: (in millions) Cash, cash equivalents, and investment securities $ — $ — $ — $ — $ 10.1 $ 4,445.8 Loans, net of deferred loan fees and costs 237.2 1,635.6 1,552.0 1,930.8 6,098.7 3.5 Less: allowance for credit losses (2.0 ) (13.7 ) (12.6 ) (12.6 ) (49.3 ) — Total loans 235.2 1,621.9 1,539.4 1,918.2 6,049.4 3.5 Other assets acquired through foreclosure, net — — — — — — Goodwill and other intangible assets, net — — 119.7 0.1 — — Other assets 1.2 18.3 7.3 8.8 64.3 841.0 Total assets $ 236.4 $ 1,640.2 $ 1,666.4 $ 1,927.1 $ 6,123.8 $ 5,290.3 Liabilities: Deposits $ 3,210.1 $ 0.1 $ 3,771.5 $ — $ 36.9 $ 1,084.2 Borrowings and qualifying debt — — — — — 393.6 Other liabilities 1.8 52.9 0.1 — 2.8 510.7 Total liabilities 3,211.9 53.0 3,771.6 — 39.7 1,988.5 Allocated equity: 84.5 131.6 317.5 158.5 494.3 509.9 Total liabilities and stockholders' equity $ 3,296.4 $ 184.6 $ 4,089.1 $ 158.5 $ 534.0 $ 2,498.4 Excess funds provided (used) 3,060.0 (1,455.6 ) 2,422.7 (1,768.6 ) (5,589.8 ) (2,791.9 ) Income Statement: Three Months Ended March 31, 2019 (in thousands) Net interest income (expense) $ 20,641 $ 3,423 $ 29,403 $ 12,944 $ 25,691 $ 7,402 Provision for (recovery of) credit losses (27 ) (41 ) (917 ) 799 2,978 1,036 Net interest income (expense) after provision for credit losses 20,668 3,464 30,320 12,145 22,713 6,366 Non-interest income 96 — 3,362 — 657 3,980 Non-interest expense (8,460 ) (1,907 ) (11,889 ) (2,398 ) (9,336 ) (11,786 ) Income (loss) before income taxes 12,304 1,557 21,793 9,747 14,034 (1,440 ) Income tax expense (benefit) 2,830 358 5,012 2,242 3,228 (10,063 ) Net income $ 9,474 $ 1,199 $ 16,781 $ 7,505 $ 10,806 $ 8,623 |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Revenue from Contracts with Customers [Abstract] | |
Disaggregation of Revenue [Table Text Block] | Regional Segments Consolidated Company Arizona Nevada Southern California Northern California Three Months Ended March 31, 2020 (in thousands) Revenue from contracts with customers: Service charges and fees $ 6,404 $ 1,262 $ 2,181 $ 918 $ 1,032 Debit and credit card interchange (1) 1,411 321 261 136 686 Success fees (2) 135 — — — 135 Other income 95 5 6 (4 ) 26 Total revenue from contracts with customers $ 8,045 $ 1,588 $ 2,448 $ 1,050 $ 1,879 Revenues outside the scope of ASC 606 (3) (2,936 ) 96 370 143 512 Total non-interest income $ 5,109 $ 1,684 $ 2,818 $ 1,193 $ 2,391 National Business Lines HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other Three Months Ended March 31, 2020 (in thousands) Revenue from contracts with customers: Service charges and fees $ 116 $ — $ 893 $ — $ 2 $ — Debit and credit card interchange (1) 7 — — — — — Success fees (2) — — — — — — Other income 1 — — — 49 12 Total revenue from contracts with customers $ 124 $ — $ 893 $ — $ 51 $ 12 Revenues outside the scope of ASC 606 (3) 2 — 2,082 — 564 (6,705 ) Total non-interest income $ 126 $ — $ 2,975 $ — $ 615 $ (6,693 ) (1) Included as part of Card income in the Consolidated Income Statement. (2) Included as part of Income from equity investments in the Consolidated Income Statement. (3) Amounts are accounted for under separate guidance. Refer to discussion of revenue sources not subject to ASC 606 under the Non-interest income section in " Note 1. Summary of Significant Accounting Policies ." Regional Segments Consolidated Company Arizona Nevada Southern California Northern California Three Months Ended March 31, 2019 (in thousands) Revenue from contracts with customers: Service charges and fees $ 5,412 $ 1,079 $ 1,915 $ 726 $ 890 Debit and credit card interchange (1) 1,865 337 376 173 971 Success fees (2) 435 — — — — Other income 119 9 23 9 26 Total revenue from contracts with customers $ 7,831 $ 1,425 $ 2,314 $ 908 $ 1,887 Revenues outside the scope of ASC 606 (3) 7,579 96 259 93 333 Total non-interest income $ 15,410 $ 1,521 $ 2,573 $ 1,001 $ 2,220 National Business Lines HOA Public & Nonprofit Finance Technology & Innovation Hotel Franchise Finance Other NBLs Corporate & Other Three Months Ended March 31, 2019 (in thousands) Revenue from contracts with customers: Service charges and fees $ 88 $ — $ 713 $ — $ 1 $ — Debit and credit card interchange (1) 8 — — — — — Success fees (2) — — 435 — — — Other income — — — — 38 14 Total revenue from contracts with customers $ 96 $ — $ 1,148 $ — $ 39 $ 14 Revenues outside the scope of ASC 606 (3) — — 2,214 — 618 3,966 Total non-interest income $ 96 $ — $ 3,362 $ — $ 657 $ 3,980 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($)Subsidiary | Jan. 01, 2020USD ($) | Dec. 31, 2019USD ($) | |
Significant Of Accounting Policies [Line Items] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | $ (2,981) | $ 0 | $ 0 |
Loans and Leases Receivable, Allowance | (235,329) | 167,797 | (167,797) |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | $ 3,676,651 | 3,346,310 | |
Number Of Wholly Owned Subsidiaries Non Bank Subsidiaries | Subsidiary | 2 | ||
Number Of Unconsolidated Subsidiaries | Subsidiary | 8 | ||
Deferred tax assets, net | $ 27,518 | 18,025 | 18,025 |
Off-Balance Sheet, Credit Loss, Liability | 29,600 | 8,955 | 9,000 |
Retained earnings | $ (1,661,768) | (1,680,317) | $ (1,680,317) |
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||
Significant Of Accounting Policies [Line Items] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (2,646) | ||
Loans and Leases Receivable, Allowance | 186,925 | ||
Deferred tax assets, net | 26,675 | ||
Off-Balance Sheet, Credit Loss, Liability | 24,044 | ||
Retained earnings | (1,655,370) | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Significant Of Accounting Policies [Line Items] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (2,646) | ||
Loans and Leases Receivable, Allowance | (19,128) | ||
Deferred tax assets, net | 8,650 | ||
Off-Balance Sheet, Credit Loss, Liability | 15,089 | ||
Retained earnings | $ (24,947) |
Investment Securities - Carryin
Investment Securities - Carrying Amounts and Fair Values of Investment Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | $ 131,158 | $ 138,701 |
Debt Securities, Held-to-maturity | 483,775 | 485,107 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 46,287 | 31,303 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | (149) |
Debt Securities, Held-to-maturity, Fair Value | 530,062 | 516,261 |
Securities available for sale Total, Amortized Cost | 3,640,109 | 3,317,928 |
Securities available-for-sale, Gross Unrealized Gains | 83,995 | 48,252 |
Securities available-for-sale, Gross Unrealized (Losses) | (47,453) | (19,870) |
Securities available for sale Total, Estimated Fair Value | 3,676,651 | 3,346,310 |
Equity Securities, FV-NI, Cost | 137,940 | 135,319 |
Equity Securities, FV-NI, Unrealized Gain | 267 | 3,881 |
Equity Securities, FV-NI, Unrealized Loss | 7,049 | 499 |
Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 50 | 50 |
Securities available-for-sale, Gross Unrealized Gains | 7,301 | 10,092 |
Securities available-for-sale, Gross Unrealized (Losses) | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 7,351 | 10,142 |
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 103,277 | 95,062 |
Securities available-for-sale, Gross Unrealized Gains | 1,529 | 366 |
Securities available-for-sale, Gross Unrealized (Losses) | (165) | (1,175) |
Securities available for sale Total, Estimated Fair Value | 104,641 | 94,253 |
Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 105,011 | 105,015 |
Securities available-for-sale, Gross Unrealized Gains | 33 | 112 |
Securities available-for-sale, Gross Unrealized (Losses) | (17,150) | (5,166) |
Securities available for sale Total, Estimated Fair Value | 87,894 | 99,961 |
LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 30,000 | |
Securities available-for-sale, Gross Unrealized Gains | 0 | |
Securities available-for-sale, Gross Unrealized (Losses) | 0 | |
Securities available for sale Total, Estimated Fair Value | 30,000 | |
Mutual Funds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 7,494 | |
Securities available-for-sale, Gross Unrealized Gains | 279 | |
Securities available-for-sale, Gross Unrealized (Losses) | 0 | |
Securities available for sale Total, Estimated Fair Value | 7,773 | |
Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 7,496 | |
Securities available-for-sale, Gross Unrealized Gains | 0 | |
Securities available-for-sale, Gross Unrealized (Losses) | (813) | |
Securities available for sale Total, Estimated Fair Value | 6,683 | 7,773 |
Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 1,193,904 | 1,129,985 |
Securities available-for-sale, Gross Unrealized Gains | 2,755 | 3,572 |
Securities available-for-sale, Gross Unrealized (Losses) | (16,142) | (4,330) |
Securities available for sale Total, Estimated Fair Value | 1,180,517 | 1,129,227 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 1,449,463 | 1,406,594 |
Securities available-for-sale, Gross Unrealized Gains | 44,874 | 9,283 |
Securities available-for-sale, Gross Unrealized (Losses) | (41) | (3,817) |
Securities available for sale Total, Estimated Fair Value | 1,494,296 | 1,412,060 |
Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 483,775 | 485,107 |
Securities available for sale Total, Amortized Cost | 717,908 | 530,729 |
Securities available-for-sale, Gross Unrealized Gains | 27,502 | 24,548 |
Securities available-for-sale, Gross Unrealized (Losses) | (4,699) | (422) |
Securities available for sale Total, Estimated Fair Value | 740,711 | 554,855 |
Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 32,000 | 32,000 |
Securities available-for-sale, Gross Unrealized Gains | 0 | 0 |
Securities available-for-sale, Gross Unrealized (Losses) | (8,443) | (4,960) |
Securities available for sale Total, Estimated Fair Value | 23,557 | 27,040 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 10,000 | |
Securities available-for-sale, Gross Unrealized Gains | 0 | |
Securities available-for-sale, Gross Unrealized (Losses) | 0 | |
Securities available for sale Total, Estimated Fair Value | 10,000 | |
US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Amortized Cost | 1,000 | 999 |
Securities available-for-sale, Gross Unrealized Gains | 1 | 0 |
Securities available-for-sale, Gross Unrealized (Losses) | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 1,001 | 999 |
CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 53,104 | 52,504 |
Equity Securities, FV-NI, Cost | 52,977 | 52,805 |
Equity Securities, FV-NI, Unrealized Gain | 127 | 0 |
Equity Securities, FV-NI, Unrealized Loss | 0 | 301 |
Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 78,054 | 86,197 |
Equity Securities, FV-NI, Cost | 84,963 | 82,514 |
Equity Securities, FV-NI, Unrealized Gain | 140 | 3,881 |
Equity Securities, FV-NI, Unrealized Loss | 7,049 | 198 |
AAA [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 1,231,542 | 1,149,519 |
AAA [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
AAA [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 1,172,846 | 1,096,909 |
AAA [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 58,696 | 52,610 |
AAA [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
AAA [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AAA [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
AAA [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Split-rated AAA/AA Plus [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 27,324 | 25,375 |
Securities available for sale Total, Estimated Fair Value | 1,602,764 | 1,520,168 |
Split-rated AAA/AA Plus [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 104,641 | 94,253 |
Split-rated AAA/AA Plus [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Split-rated AAA/AA Plus [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
Split-rated AAA/AA Plus [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 1,494,296 | 1,412,060 |
Split-rated AAA/AA Plus [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 2,826 | 2,856 |
Split-rated AAA/AA Plus [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Split-rated AAA/AA Plus [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 10,000 | |
Split-rated AAA/AA Plus [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 1,001 | 999 |
Split-rated AAA/AA Plus [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 27,324 | 25,375 |
Split-rated AAA/AA Plus [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
AA Plus to AA- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 453,146 | 358,332 |
AA Plus to AA- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
AA Plus to AA- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 30,675 |
AA Plus to AA- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 453,146 | 327,657 |
AA Plus to AA- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
AA Plus to AA- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
AA Plus to AA- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
AA Plus to AA- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
A Plus to A- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 284,224 | 238,443 |
A Plus to A- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 58,100 | 66,530 |
A Plus to A- [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
A Plus to A- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 154 | 181 |
A Plus to A- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 225,970 | 171,732 |
A Plus to A- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
A Plus to A- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
A Plus to A- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
A Plus to A- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
BBB Plus to BBB- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 75,405 | 82,851 |
Securities available for sale Total, Estimated Fair Value | 53,639 | 60,759 |
BBB Plus to BBB- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 29,794 | 33,431 |
BBB Plus to BBB- [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
BBB Plus to BBB- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 288 | 288 |
BBB Plus to BBB- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 23,557 | 27,040 |
BBB Plus to BBB- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
BBB Plus to BBB- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BBB Plus to BBB- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
BBB Plus to BBB- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 75,405 | 82,851 |
BB Plus and below [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 1,941 | 2,105 |
Securities available for sale Total, Estimated Fair Value | 8,368 | 11,316 |
BB Plus and below [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 7,351 | 10,142 |
BB Plus and below [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
BB Plus and below [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 1,017 | 1,174 |
BB Plus and below [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
BB Plus and below [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
BB Plus and below [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
BB Plus and below [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 1,941 | 2,105 |
Corporate Credit Quality Indicator Unrated [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 26,488 | 28,370 |
Securities available for sale Total, Estimated Fair Value | 42,968 | 7,773 |
Corporate Credit Quality Indicator Unrated [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | LIHTC development bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 30,000 | |
Corporate Credit Quality Indicator Unrated [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 6,683 | 7,773 |
Corporate Credit Quality Indicator Unrated [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 6,212 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity | 483,775 | 485,107 |
Securities available for sale Total, Estimated Fair Value | 73 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | |
Corporate Credit Quality Indicator Unrated [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available for sale Total, Estimated Fair Value | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 25,780 | 27,129 |
Corporate Credit Quality Indicator Unrated [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | $ 708 | $ 1,241 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Pledged Securities [Abstract] | ||
Accrued Investment Income Receivable | $ 1.7 | |
Pledged Financial Instruments, Not Separately Reported, Other Debt Securities Available-for-sale or Held-for-investment | $ 1,000 | $ 962.5 |
Investment Securities - Unreali
Investment Securities - Unrealized Losses and Fair Value of Investment Securities in Continuous Unrealized Loss Position (Detail) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($)positions | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($)positions | |
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | positions | 134 | 158 | |
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | $ 20,011 | $ 4,023 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 1,002,757 | 799,113 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 27,442 | 15,847 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 166,234 | 585,688 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 47,453 | 19,870 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 1,168,991 | 1,384,801 | |
Unrealized gains (losses) on assets measured at fair value, net | (11,300) | $ 2,834 | |
Corporate Bond Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 0 | 0 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 0 | 0 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 17,150 | 5,166 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 82,850 | 94,834 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 17,150 | 5,166 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 82,850 | 94,834 | |
Mutual Funds [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 813 | ||
Available-for-sale securities, Less Than Twelve Months, Fair Value | 6,683 | ||
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 0 | ||
Available-for-sale securities, Twelve Months or Longer, Fair Value | 0 | ||
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 813 | ||
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 6,683 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 36 | 1,740 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 9,598 | 385,643 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 5 | 2,077 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 671 | 150,419 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 41 | 3,817 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 10,269 | 536,062 | |
Nontaxable Municipal Bonds [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 149 | ||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 24,325 | ||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | ||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 0 | ||
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 149 | ||
Held-to-maturity Securities, Fair Value | 24,325 | ||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 4,699 | 422 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 153,906 | 67,150 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 0 | 0 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 0 | 0 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 4,699 | 422 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 153,906 | 67,150 | |
Residential Mortgage Backed Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 14,298 | 1,776 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 777,859 | 337,285 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 1,844 | 2,554 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 59,156 | 258,791 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 16,142 | 4,330 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 837,015 | 596,076 | |
Trust Preferred Securities Subject to Mandatory Redemption [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 0 | 0 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 0 | 0 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 8,443 | 4,960 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 23,557 | 27,040 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 8,443 | 4,960 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | 23,557 | 27,040 | |
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale securities, Less Than Twelve Months, Aggregate Losses | 165 | 85 | |
Available-for-sale securities, Less Than Twelve Months, Fair Value | 54,711 | 9,035 | |
Available-for-sale securities, Twelve Months or Longer, Aggregate Losses | 0 | 1,090 | |
Available-for-sale securities, Twelve Months or Longer, Fair Value | 0 | 54,604 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Aggregate Losses, Total | 165 | 1,175 | |
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total | $ 54,711 | $ 63,639 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturities (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | $ 24,649 | |
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 25,222 | |
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Amortized Cost | 459,126 | |
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value | 504,840 | |
Debt Securities, Held-to-maturity | 483,775 | $ 485,107 |
Debt Securities, Held-to-maturity, Fair Value | 530,062 | 516,261 |
Securities available for sale, Due in one year or less, Amortized Cost | 6,011 | |
Securities available for sale, After one year through five years, Amortized Cost | 6,728 | |
Securities available for sale, After five years through ten years, Amortized Cost | 163,505 | |
Securities available for sale, After ten years, Amortized Cost | 717,221 | |
Securities available for sale, Mortgage backed securities, Amortized Cost | 2,746,644 | |
Securities available for sale Total, Amortized Cost | 3,640,109 | 3,317,928 |
Securities available for sale, Due in one year or less, Estimated Fair Value | 6,045 | |
Securities available for sale, After one year through five years, Estimated Fair Value | 6,777 | |
Securities available for sale, After five years through ten years, Estimated Fair Value | 147,247 | |
Securities available for sale, After ten years, Estimated Fair Value | 737,128 | |
Securities available for sale, Mortgage backed securities, Estimated Fair Value | 2,779,454 | |
Securities available for sale Total, Estimated Fair Value | $ 3,676,651 | $ 3,346,310 |
Investment Securities - Investm
Investment Securities - Investment Securities by Credit Rating Type (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | $ 483,775 | $ 485,107 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - equity | 131,158 | 138,701 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,494,296 | 1,412,060 |
Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 483,775 | 485,107 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 740,711 | 554,855 |
Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 104,641 | 94,253 |
Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,180,517 | 1,129,227 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 10,000 | |
US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,001 | 999 |
Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 78,054 | 86,197 |
Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 23,557 | 27,040 |
Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 7,351 | 10,142 |
Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 87,894 | 99,961 |
Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 6,683 | 7,773 |
CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 53,104 | 52,504 |
AAA [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,231,542 | 1,149,519 |
Investment securities - equity | 0 | 0 |
AAA [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 58,696 | 52,610 |
AAA [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,172,846 | 1,096,909 |
AAA [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
AAA [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
AAA [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AAA [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Split-rated AAA/AA Plus [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,602,764 | 1,520,168 |
Investment securities - equity | 27,324 | 25,375 |
Split-rated AAA/AA Plus [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,494,296 | 1,412,060 |
Split-rated AAA/AA Plus [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 2,826 | 2,856 |
Split-rated AAA/AA Plus [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 104,641 | 94,253 |
Split-rated AAA/AA Plus [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Split-rated AAA/AA Plus [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 10,000 | |
Split-rated AAA/AA Plus [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,001 | 999 |
Split-rated AAA/AA Plus [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Split-rated AAA/AA Plus [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Split-rated AAA/AA Plus [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 27,324 | 25,375 |
AA Plus to AA- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 453,146 | 358,332 |
Investment securities - equity | 0 | 0 |
AA Plus to AA- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 453,146 | 327,657 |
AA Plus to AA- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 30,675 |
AA Plus to AA- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
AA Plus to AA- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
AA Plus to AA- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
AA Plus to AA- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
A Plus to A- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 284,224 | 238,443 |
Investment securities - equity | 0 | 0 |
A Plus to A- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 225,970 | 171,732 |
A Plus to A- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 154 | 181 |
A Plus to A- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
A Plus to A- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
A Plus to A- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 58,100 | 66,530 |
A Plus to A- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
A Plus to A- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
BBB Plus to BBB- [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 53,639 | 60,759 |
Investment securities - equity | 75,405 | 82,851 |
BBB Plus to BBB- [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 288 | 288 |
BBB Plus to BBB- [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
BBB Plus to BBB- [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 75,405 | 82,851 |
BBB Plus to BBB- [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 23,557 | 27,040 |
BBB Plus to BBB- [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 29,794 | 33,431 |
BBB Plus to BBB- [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BBB Plus to BBB- [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
BB Plus and below [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 8,368 | 11,316 |
Investment securities - equity | 1,941 | 2,105 |
BB Plus and below [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 1,017 | 1,174 |
BB Plus and below [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
BB Plus and below [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 1,941 | 2,105 |
BB Plus and below [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 7,351 | 10,142 |
BB Plus and below [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
BB Plus and below [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 42,968 | 7,773 |
Investment securities - equity | 26,488 | 28,370 |
Corporate Credit Quality Indicator Unrated [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Nontaxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 483,775 | 485,107 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 73 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Residential Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 6,212 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | |
Corporate Credit Quality Indicator Unrated [Member] | US Treasury Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Preferred Stock [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | 708 | 1,241 |
Corporate Credit Quality Indicator Unrated [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Collateralized Debt Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Corporate Bond Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Corporate Credit Quality Indicator Unrated [Member] | Taxable Municipal Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 6,683 | 7,773 |
Corporate Credit Quality Indicator Unrated [Member] | CRA investments [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities - equity | $ 25,780 | $ 27,129 |
Investment Securities - Gross G
Investment Securities - Gross Gains and (Losses) on Sales of Investments (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | ||
Available-for-sale Securities, Gross Realized Gains | $ 205 | $ 0 |
Available-for-sale Securities, Gross Realized Losses | (133) | 0 |
Net (losses) gains | $ 72 | $ 0 |
Investment Securities Investmen
Investment Securities Investment Securities - Allowance for Credit Losses - HTM (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | $ 2,981 | $ 0 | $ 0 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Period Increase (Decrease) | 335 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff | 0 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Recovery | $ 0 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | $ 2,646 |
Loans, Leases and Allowance f_3
Loans, Leases and Allowance for Credit Losses - Schedule of Held for Investment Loan Portfolio Composition of Loans, Leases and Allowance for Credit Losses (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 |
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Net deferred loan fees and costs | $ (53,100) | $ (47,700) | |
Receivable with Imputed Interest, Premium | 30,300 | 29,900 | |
Loans Receivable Held-for-sale, Amount | 20,873 | 21,803 | |
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 | |
Loans and Leases Receivable, Allowance | (235,329) | $ 167,797 | (167,797) |
Loans, net | 22,909,939 | 20,933,696 | |
Small balance commercial [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 321,352 | ||
Commercial and industrial [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 6,861,344 | 9,382,043 | |
Loans and Leases Receivable, Allowance | (82,302) | ||
Commercial Real Estate Non Owner Occupied Multi Family [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 5,260,641 | 5,245,634 | |
Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,821,976 | 2,316,913 | |
Loans and Leases Receivable, Allowance | (13,842) | ||
Construction And Land Development [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,011,293 | 1,952,156 | |
Loans and Leases Receivable, Allowance | (23,894) | ||
Residential Real Estate [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,172,765 | 2,147,664 | |
Loans and Leases Receivable, Allowance | (13,714) | ||
Consumer Loan [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 57,083 | ||
Loans and Leases Receivable, Allowance | (614) | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 252,439 | ||
Warehouse lending [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,546,940 | ||
Municipal and nonprofit [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,659,167 | ||
Commercial and industrial [Member] | |||
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 9,382,043 |
Loans, Leases and Allowance f_4
Loans, Leases and Allowance for Credit Losses - Contractual Aging of Loan Portfolio by Class of Loans Including Loans Held for Sale and Excluding Deferred Fees/Costs (Detail) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($)SecurityLoan | Mar. 31, 2019USD ($)SecurityLoan | Dec. 31, 2019USD ($) | |
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 26,525 | $ 27,100 | |
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 7 | 2 | |
Financing Receivable, Not Past Due | $ 23,080,481 | $ 21,065,187 | |
Financing Receivable, Past Due | 64,787 | 36,306 | |
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 | |
Financing Receivable, Nonaccrual | 65,700 | 55,968 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 | |
Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 9,376,377 | ||
Financing Receivable, Past Due | 5,666 | ||
Loans and Leases Receivable, Net of Deferred Income | 9,382,043 | ||
Financing Receivable, Nonaccrual | 24,501 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 2,134,346 | ||
Financing Receivable, Past Due | 13,318 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,147,664 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 57,083 | ||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 57,083 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Non-accrual loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 34,141 | ||
Financing Receivable, Past Due | 21,827 | ||
Non-accrual loans [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 19,080 | ||
Financing Receivable, Past Due | 5,421 | ||
Non-accrual loans [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 1,231 | ||
Financing Receivable, Past Due | 4,369 | ||
Financing Receivable, Nonaccrual | 5,600 | ||
Non-accrual loans [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 0 | ||
Financing Receivable, Past Due | 0 | ||
Financing Receivable, Nonaccrual | 0 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 39,390 | 15,413 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,501 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 7,627 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 9,374 | 2,358 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 637 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 1,721 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 16,023 | 18,535 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,528 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 3,970 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 20,427 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 3 | ||
Financing Receivable, Not Past Due | $ 6,859,907 | ||
Financing Receivable, Past Due | 1,437 | ||
Loans and Leases Receivable, Net of Deferred Income | 6,861,344 | 9,382,043 | |
Commercial and industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 1,256 | ||
Commercial and industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial and industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 181 | ||
Small balance commercial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 183 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 1 | ||
Financing Receivable, Not Past Due | $ 319,220 | ||
Financing Receivable, Past Due | 2,132 | ||
Loans and Leases Receivable, Net of Deferred Income | 321,352 | ||
Financing Receivable, Nonaccrual | 3,570 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Small balance commercial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 1,593 | ||
Small balance commercial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 367 | ||
Small balance commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 172 | ||
Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 1,819,566 | ||
Financing Receivable, Past Due | 2,410 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,821,976 | 2,316,913 | |
Financing Receivable, Nonaccrual | 8,660 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 2,316,165 | ||
Financing Receivable, Past Due | 748 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,316,913 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Non-accrual loans [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 4,418 | ||
Financing Receivable, Past Due | 124 | ||
Financing Receivable, Nonaccrual | 4,542 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,410 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 624 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 124 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 1,423 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 2 | ||
Financing Receivable, Not Past Due | $ 249,419 | ||
Financing Receivable, Past Due | 3,020 | ||
Loans and Leases Receivable, Net of Deferred Income | 252,439 | ||
Financing Receivable, Nonaccrual | 3,224 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,896 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 124 | ||
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 4,492 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 1 | ||
Financing Receivable, Not Past Due | $ 5,224,298 | ||
Financing Receivable, Past Due | 36,343 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,260,641 | 5,245,634 | |
Financing Receivable, Nonaccrual | 24,929 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Commercial Real Estate Non Owner Occupied [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 5,007,644 | ||
Financing Receivable, Past Due | 16,574 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,024,218 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Commercial Real Estate Non Owner Occupied [Member] | Non-accrual loans [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 7,265 | ||
Financing Receivable, Past Due | 11,913 | ||
Financing Receivable, Nonaccrual | 19,178 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 20,002 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,661 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,161 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 12,180 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 11,913 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 2,154,557 | ||
Financing Receivable, Past Due | 18,208 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,172,765 | 2,147,664 | |
Financing Receivable, Nonaccrual | 5,783 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Residential Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 10,187 | ||
Residential Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,711 | ||
Residential Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 3,310 | ||
Construction And Land Development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 2,010,629 | ||
Financing Receivable, Past Due | 664 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,011,293 | $ 1,952,156 | |
Financing Receivable, Nonaccrual | 0 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Construction And Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 664 | ||
Construction And Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Construction And Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Warehouse lending [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 2,546,940 | ||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,546,940 | ||
Financing Receivable, Nonaccrual | 0 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Warehouse lending [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Warehouse lending [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Warehouse lending [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Municipal and nonprofit [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 1,659,167 | ||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,659,167 | ||
Financing Receivable, Nonaccrual | 2,083 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Municipal and nonprofit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Municipal and nonprofit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Municipal and nonprofit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Not Past Due | 236,778 | ||
Financing Receivable, Past Due | 573 | ||
Loans and Leases Receivable, Net of Deferred Income | 237,351 | ||
Financing Receivable, Nonaccrual | 82 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 382 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 135 | ||
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | $ 56 |
Loans, Leases and Allowance f_5
Loans, Leases and Allowance for Credit Losses - Summary of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 Days Still Accruing Interest by Loan Class (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Financing Receivable, Past Due [Line Items] | |||
Loans Receivable Held-for-sale, Amount | $ 20,873 | $ 21,803 | |
Impaired Financing Receivable, Related Allowance | 49,401 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 16,299 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 700 | $ 300 | |
Financing Receivable, Past Due | 64,787 | 36,306 | |
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 | |
Total Non-accrual | 65,700 | 55,968 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 | |
Financing Receivable, Not Past Due | 23,080,481 | 21,065,187 | |
Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 5,666 | ||
Loans and Leases Receivable, Net of Deferred Income | 9,382,043 | ||
Total Non-accrual | 24,501 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 9,376,377 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 13,318 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,147,664 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 2,134,346 | ||
Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 57,083 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 57,083 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 39,390 | 15,413 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,501 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 7,627 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Non-accrual loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans Receivable Held-for-sale, Amount | 20,900 | ||
Financing Receivable, Past Due | 21,827 | ||
Financing Receivable, Not Past Due | 34,141 | ||
Non-accrual loans [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 5,421 | ||
Financing Receivable, Not Past Due | 19,080 | ||
Non-accrual loans [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,369 | ||
Total Non-accrual | 5,600 | ||
Financing Receivable, Not Past Due | 1,231 | ||
Non-accrual loans [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Total Non-accrual | 0 | ||
Financing Receivable, Not Past Due | 0 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 9,374 | 2,358 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 637 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 1,721 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 16,023 | 18,535 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial and industrial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,528 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 3,970 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Loan [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Multi-family [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 221,416 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 221,416 | ||
Multi-family [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Multi-family [Member] | Non-accrual loans [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Total Non-accrual | 0 | ||
Financing Receivable, Not Past Due | 0 | ||
Multi-family [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Multi-family [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 14 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 68 | ||
Financing Receivable, Past Due | 573 | ||
Loans and Leases Receivable, Net of Deferred Income | 237,351 | ||
Total Non-accrual | 82 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 236,778 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 382 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 135 | ||
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 56 | ||
Municipal and nonprofit [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,083 | ||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,659,167 | ||
Total Non-accrual | 2,083 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 1,659,167 | ||
Municipal and nonprofit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Municipal and nonprofit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Municipal and nonprofit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Construction And Land Development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||
Financing Receivable, Past Due | 664 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,011,293 | 1,952,156 | |
Total Non-accrual | 0 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 2,010,629 | ||
Construction And Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 664 | ||
Construction And Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Construction And Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 5,783 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||
Financing Receivable, Past Due | 18,208 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,172,765 | 2,147,664 | |
Total Non-accrual | 5,783 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 2,154,557 | ||
Residential Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 10,187 | ||
Residential Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,711 | ||
Residential Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 3,310 | ||
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 13,017 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 11,912 | ||
Financing Receivable, Past Due | 36,343 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,260,641 | 5,245,634 | |
Total Non-accrual | 24,929 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 5,224,298 | ||
Commercial Real Estate Non Owner Occupied [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 16,574 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,024,218 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 5,007,644 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 20,002 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,661 | ||
Commercial Real Estate Non Owner Occupied [Member] | Non-accrual loans [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 11,913 | ||
Total Non-accrual | 19,178 | ||
Financing Receivable, Not Past Due | 7,265 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 4,161 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 12,180 | ||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 11,913 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 3,077 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 147 | ||
Financing Receivable, Past Due | 3,020 | ||
Loans and Leases Receivable, Net of Deferred Income | 252,439 | ||
Total Non-accrual | 3,224 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 249,419 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,896 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 124 | ||
Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 8,660 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||
Financing Receivable, Past Due | 2,410 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,821,976 | 2,316,913 | |
Total Non-accrual | 8,660 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 1,819,566 | ||
Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 748 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,316,913 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 2,316,165 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 2,410 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 624 | ||
Commercial Real Estate Owner Occupied [Member] | Non-accrual loans [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 124 | ||
Total Non-accrual | 4,542 | ||
Financing Receivable, Not Past Due | 4,418 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 124 | ||
Commercial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 17,040 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 329 | ||
Total Non-accrual | 17,369 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Small balance commercial [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 1,810 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,760 | ||
Financing Receivable, Past Due | 2,132 | ||
Loans and Leases Receivable, Net of Deferred Income | 321,352 | ||
Total Non-accrual | 3,570 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 319,220 | ||
Small balance commercial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 1,593 | ||
Small balance commercial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 367 | ||
Small balance commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 172 | ||
Warehouse lending [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,546,940 | ||
Total Non-accrual | 0 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 2,546,940 | ||
Warehouse lending [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Warehouse lending [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Warehouse lending [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | $ 0 | ||
Construction [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,176,908 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 1,176,908 | ||
Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Construction [Member] | Non-accrual loans [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Total Non-accrual | 2,147 | ||
Financing Receivable, Not Past Due | 2,147 | ||
Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Land [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 775,248 | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | ||
Financing Receivable, Not Past Due | 775,248 | ||
Land [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Land [Member] | Non-accrual loans [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Total Non-accrual | 0 | ||
Financing Receivable, Not Past Due | 0 | ||
Land [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Land [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction and land development [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Financing Receivable, Past Due | $ 0 |
Loans, Leases and Allowance f_6
Loans, Leases and Allowance for Credit Losses - Additional Information (Detail) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($)SecurityLoan | Mar. 31, 2019USD ($)SecurityLoan | Dec. 31, 2019USD ($) | |
Leases [Line Items] | |||
Loans and Leases Receivable, Deferred Income | $ 53,100 | $ 47,700 | |
Receivable with Imputed Interest, Premium | 30,300 | 29,900 | |
Reduction in interest income due to nonaccrual loans | 700 | $ 300 | |
Impaired loans with an allowance recorded | 20,979 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 95,324 | ||
Impaired loans with an allowance recorded | 2,776 | ||
Financing Receivable, Nonaccrual | 65,700 | 55,968 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | $ 0 | 0 | |
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 7 | 2 | |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 26,525 | $ 27,100 | |
Financing Receivable, Sale | 15,500 | ||
Loans and Leases Receivable, Gain (Loss) on Sales, Net | $ (400) | ||
Commercial and industrial [Member] | |||
Leases [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 700 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | SecurityLoan | 1 | ||
Financial Asset Acquired with Credit Deterioration [Member] | |||
Leases [Line Items] | |||
Impaired loans with an allowance recorded | $ 98 |
Loans, Leases and Allowance f_7
Loans, Leases and Allowance for Credit Losses - Loans by Risk Rating (Detail) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 161,387,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 857,384,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,720,668,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,229,278,000 | |
Financing Receivable, Revolving | 7,235,872,000 | |
Loans and Leases Receivable, Net of Deferred Income | 23,145,268,000 | $ 21,101,493,000 |
Financing Receivable, Originated in Current Fiscal Year | 1,200,887,000 | |
Financing Receivable, Not Past Due | 23,080,481,000 | 21,065,187,000 |
Financing Receivable, Past Due | 64,787,000 | 36,306,000 |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,693,329,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,207,850,000 | |
Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 9,382,043,000 | |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,147,664,000 | |
Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 57,083,000 | |
Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 827,943,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,627,168,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,176,871,000 | |
Financing Receivable, Revolving | 7,166,685,000 | |
Loans and Leases Receivable, Net of Deferred Income | 22,804,663,000 | 20,795,258,000 |
Financing Receivable, Originated in Current Fiscal Year | 1,177,574,000 | |
Financing Receivable, Not Past Due | 20,785,118,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,653,583,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,174,839,000 | |
Pass [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 9,265,823,000 | |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,141,336,000 | |
Pass [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 57,073,000 | |
Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,392,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 51,440,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,872,000 | |
Financing Receivable, Revolving | 13,260,000 | |
Loans and Leases Receivable, Net of Deferred Income | 104,220,000 | 158,981,000 |
Financing Receivable, Originated in Current Fiscal Year | 2,000,000 | |
Financing Receivable, Not Past Due | 158,907,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20,647,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,609,000 | |
Special Mention [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 65,893,000 | |
Special Mention [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 366,000 | |
Special Mention [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 10,000 | |
Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 24,049,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42,060,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 44,535,000 | |
Financing Receivable, Revolving | 55,923,000 | |
Loans and Leases Receivable, Net of Deferred Income | 235,945,000 | 146,805,000 |
Financing Receivable, Originated in Current Fiscal Year | 21,313,000 | |
Financing Receivable, Not Past Due | 120,897,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 19,091,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28,974,000 | |
Substandard [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 49,878,000 | |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,962,000 | |
Substandard [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 4,000 | |
Loans and Leases Receivable, Net of Deferred Income | 440,000 | 449,000 |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Not Past Due | 265,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 428,000 | |
Doubtful [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 449,000 | |
Doubtful [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Doubtful [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Not Past Due | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Loss [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Loss [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Loss [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 39,390,000 | 15,413,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 8,263,000 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 58,000 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 7,092,000 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 9,374,000 | 2,358,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 1,481,000 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 16,000 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 861,000 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 16,023,000 | 18,535,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 396,000 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 17,955,000 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 184,000 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Construction and land development [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,176,908,000 | |
Construction and land development [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 775,248,000 | |
Construction and land development [Member] | Pass [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,157,169,000 | |
Construction and land development [Member] | Pass [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 773,868,000 | |
Construction and land development [Member] | Special Mention [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 17,592,000 | |
Construction and land development [Member] | Special Mention [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,380,000 | |
Construction and land development [Member] | Substandard [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,147,000 | |
Construction and land development [Member] | Substandard [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Construction and land development [Member] | Doubtful [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Construction and land development [Member] | Doubtful [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Construction and land development [Member] | Loss [Member] | Construction [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Construction and land development [Member] | Loss [Member] | Land [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,316,913,000 | |
Commercial Real Estate [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 5,024,218,000 | |
Commercial Real Estate [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 221,416,000 | |
Commercial Real Estate [Member] | Pass [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,265,566,000 | |
Commercial Real Estate [Member] | Pass [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,913,007,000 | |
Commercial Real Estate [Member] | Pass [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 221,416,000 | |
Commercial Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 9,579,000 | |
Commercial Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 64,161,000 | |
Commercial Real Estate [Member] | Special Mention [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Substandard [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 41,768,000 | |
Commercial Real Estate [Member] | Substandard [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 47,050,000 | |
Commercial Real Estate [Member] | Substandard [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Doubtful [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Doubtful [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Doubtful [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Loss [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Loss [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate [Member] | Loss [Member] | Multi-family [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 230,013,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,915,698,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 446,153,000 | |
Financing Receivable, Revolving | 353,779,000 | |
Loans and Leases Receivable, Net of Deferred Income | 5,260,641,000 | 5,245,634,000 |
Financing Receivable, Originated in Current Fiscal Year | 356,560,000 | |
Financing Receivable, Not Past Due | 5,224,298,000 | |
Financing Receivable, Past Due | 36,343,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,182,625,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 775,813,000 | |
Commercial Real Estate Non Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 211,464,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,888,523,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 423,571,000 | |
Financing Receivable, Revolving | 353,779,000 | |
Loans and Leases Receivable, Net of Deferred Income | 5,161,798,000 | |
Financing Receivable, Originated in Current Fiscal Year | 356,560,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,169,875,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 758,026,000 | |
Commercial Real Estate Non Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,062,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 20,265,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,019,000 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 35,096,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 12,750,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Non Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 17,487,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 6,910,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21,563,000 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 63,747,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 17,787,000 | |
Commercial Real Estate Non Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Non Owner Occupied [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 20,002,000 | |
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 4,161,000 | |
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 12,180,000 | |
Commercial and Industrial Sector [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 68,067,000 | |
Construction And Land Development [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,146,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 645,918,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 15,755,000 | |
Financing Receivable, Revolving | 479,565,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,011,293,000 | 1,952,156,000 |
Financing Receivable, Originated in Current Fiscal Year | 81,184,000 | |
Financing Receivable, Not Past Due | 2,010,629,000 | |
Financing Receivable, Past Due | 664,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 655,303,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 128,422,000 | |
Construction And Land Development [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,146,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 636,400,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 15,755,000 | |
Financing Receivable, Revolving | 473,701,000 | |
Loans and Leases Receivable, Net of Deferred Income | 1,992,811,000 | |
Financing Receivable, Originated in Current Fiscal Year | 81,184,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 652,203,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 128,422,000 | |
Construction And Land Development [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 9,518,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 5,864,000 | |
Loans and Leases Receivable, Net of Deferred Income | 18,482,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,100,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Construction And Land Development [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Construction And Land Development [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Construction And Land Development [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Construction And Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 664,000 | |
Construction And Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Construction And Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 118,390,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 930,182,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 69,656,000 | |
Financing Receivable, Revolving | 217,660,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,172,765,000 | 2,147,664,000 |
Financing Receivable, Originated in Current Fiscal Year | 115,125,000 | |
Financing Receivable, Not Past Due | 2,154,557,000 | |
Financing Receivable, Past Due | 18,208,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 573,841,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 147,911,000 | |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 116,913,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 930,182,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 69,613,000 | |
Financing Receivable, Revolving | 215,866,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,166,262,000 | |
Financing Receivable, Originated in Current Fiscal Year | 115,125,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 572,618,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 145,945,000 | |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 720,000 | |
Loans and Leases Receivable, Net of Deferred Income | 720,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,477,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 43,000 | |
Financing Receivable, Revolving | 1,074,000 | |
Loans and Leases Receivable, Net of Deferred Income | 5,783,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,223,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,966,000 | |
Residential Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Residential Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Residential Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 10,187,000 | |
Residential Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 4,711,000 | |
Residential Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 3,310,000 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 41,222,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 29,364,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 95,058,000 | |
Financing Receivable, Revolving | 2,600,000 | |
Loans and Leases Receivable, Net of Deferred Income | 252,439,000 | |
Financing Receivable, Originated in Current Fiscal Year | 7,209,000 | |
Financing Receivable, Not Past Due | 249,419,000 | |
Financing Receivable, Past Due | 3,020,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,902,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 45,084,000 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 38,605,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 29,364,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 91,038,000 | |
Financing Receivable, Revolving | 2,476,000 | |
Loans and Leases Receivable, Net of Deferred Income | 244,894,000 | |
Financing Receivable, Originated in Current Fiscal Year | 7,209,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,438,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 44,764,000 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,547,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,310,000 | |
Financing Receivable, Revolving | 124,000 | |
Loans and Leases Receivable, Net of Deferred Income | 3,765,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 464,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 320,000 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,070,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,710,000 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 3,780,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 2,896,000 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Small Balance Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 124,000 | |
Small balance commercial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 4,234,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,330,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 64,512,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 16,002,000 | |
Financing Receivable, Revolving | 137,472,000 | |
Loans and Leases Receivable, Net of Deferred Income | 321,352,000 | |
Financing Receivable, Originated in Current Fiscal Year | 7,770,000 | |
Financing Receivable, Not Past Due | 319,220,000 | |
Financing Receivable, Past Due | 2,132,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 52,424,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 29,842,000 | |
Small balance commercial [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,898,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 64,512,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 15,333,000 | |
Financing Receivable, Revolving | 136,067,000 | |
Loans and Leases Receivable, Net of Deferred Income | 314,586,000 | |
Financing Receivable, Originated in Current Fiscal Year | 7,770,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,263,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28,743,000 | |
Small balance commercial [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 261,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 55,000 | |
Financing Receivable, Revolving | 1,306,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,329,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 304,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 403,000 | |
Small balance commercial [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 171,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 614,000 | |
Financing Receivable, Revolving | 99,000 | |
Loans and Leases Receivable, Net of Deferred Income | 4,190,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,857,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 449,000 | |
Small balance commercial [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 247,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 247,000 | |
Small balance commercial [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Small balance commercial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 1,593,000 | |
Small balance commercial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 367,000 | |
Small balance commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 172,000 | |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 158,907,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 331,346,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 384,380,000 | |
Financing Receivable, Revolving | 96,588,000 | |
Loans and Leases Receivable, Net of Deferred Income | 1,821,976,000 | 2,316,913,000 |
Financing Receivable, Originated in Current Fiscal Year | 65,452,000 | |
Financing Receivable, Not Past Due | 1,819,566,000 | |
Financing Receivable, Past Due | 2,410,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 330,086,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 455,217,000 | |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 154,189,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 323,687,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 359,563,000 | |
Financing Receivable, Revolving | 94,589,000 | |
Loans and Leases Receivable, Net of Deferred Income | 1,771,656,000 | |
Financing Receivable, Originated in Current Fiscal Year | 65,452,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 325,648,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 448,528,000 | |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 874,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,485,000 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 6,359,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,844,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 7,659,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 19,332,000 | |
Financing Receivable, Revolving | 1,999,000 | |
Loans and Leases Receivable, Net of Deferred Income | 43,961,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,438,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,689,000 | |
Commercial Real Estate Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Owner Occupied [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 2,410,000 | |
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Commercial and industrial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 109,220,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,537,461,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 160,958,000 | |
Financing Receivable, Revolving | 3,574,320,000 | |
Loans and Leases Receivable, Net of Deferred Income | 6,861,344,000 | $ 9,382,043,000 |
Financing Receivable, Originated in Current Fiscal Year | 429,363,000 | |
Financing Receivable, Not Past Due | 6,859,907,000 | |
Financing Receivable, Past Due | 1,437,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 678,490,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 371,532,000 | |
Commercial and industrial [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 107,572,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,488,462,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 160,685,000 | |
Financing Receivable, Revolving | 3,516,936,000 | |
Loans and Leases Receivable, Net of Deferred Income | 6,712,397,000 | |
Financing Receivable, Originated in Current Fiscal Year | 406,050,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 664,227,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 368,465,000 | |
Commercial and industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,648,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,657,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 4,712,000 | |
Loans and Leases Receivable, Net of Deferred Income | 36,796,000 | |
Financing Receivable, Originated in Current Fiscal Year | 2,000,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,893,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,886,000 | |
Commercial and industrial [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27,342,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 273,000 | |
Financing Receivable, Revolving | 52,672,000 | |
Loans and Leases Receivable, Net of Deferred Income | 111,970,000 | |
Financing Receivable, Originated in Current Fiscal Year | 21,313,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 10,370,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial and industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 181,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 181,000 | |
Commercial and industrial [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Commercial and industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 1,256,000 | |
Commercial and industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Commercial and industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 181,000 | |
Warehouse lending [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,805,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,139,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,648,000 | |
Financing Receivable, Revolving | 2,285,399,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,546,940,000 | |
Financing Receivable, Originated in Current Fiscal Year | 104,179,000 | |
Financing Receivable, Not Past Due | 2,546,940,000 | |
Financing Receivable, Past Due | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 67,951,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,819,000 | |
Warehouse lending [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,805,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,139,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,648,000 | |
Financing Receivable, Revolving | 2,285,399,000 | |
Loans and Leases Receivable, Net of Deferred Income | 2,546,940,000 | |
Financing Receivable, Originated in Current Fiscal Year | 104,179,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 67,951,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,819,000 | |
Warehouse lending [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Warehouse lending [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Warehouse lending [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Warehouse lending [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Warehouse lending [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Warehouse lending [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Warehouse lending [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Municipal and nonprofit [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 134,657,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 162,676,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 989,118,000 | |
Financing Receivable, Revolving | 3,322,000 | |
Loans and Leases Receivable, Net of Deferred Income | 1,659,167,000 | |
Financing Receivable, Originated in Current Fiscal Year | 24,503,000 | |
Financing Receivable, Not Past Due | 1,659,167,000 | |
Financing Receivable, Past Due | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 102,398,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 242,493,000 | |
Municipal and nonprofit [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 134,657,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 162,676,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 989,118,000 | |
Financing Receivable, Revolving | 3,322,000 | |
Loans and Leases Receivable, Net of Deferred Income | 1,657,084,000 | |
Financing Receivable, Originated in Current Fiscal Year | 24,503,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 102,398,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 240,410,000 | |
Municipal and nonprofit [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Municipal and nonprofit [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 2,083,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,083,000 | |
Municipal and nonprofit [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Municipal and nonprofit [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Municipal and nonprofit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Municipal and nonprofit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Municipal and nonprofit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 0 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 441,000 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 41,694,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 22,372,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 50,550,000 | |
Financing Receivable, Revolving | 85,167,000 | |
Loans and Leases Receivable, Net of Deferred Income | 237,351,000 | |
Financing Receivable, Originated in Current Fiscal Year | 9,542,000 | |
Financing Receivable, Not Past Due | 236,778,000 | |
Financing Receivable, Past Due | 573,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 18,309,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 9,717,000 | |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 41,694,000 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 22,223,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 50,547,000 | |
Financing Receivable, Revolving | 84,550,000 | |
Loans and Leases Receivable, Net of Deferred Income | 236,235,000 | |
Financing Receivable, Originated in Current Fiscal Year | 9,542,000 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 17,962,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 9,717,000 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,000 | |
Financing Receivable, Revolving | 534,000 | |
Loans and Leases Receivable, Net of Deferred Income | 673,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 136,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 149,000 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 79,000 | |
Loans and Leases Receivable, Net of Deferred Income | 431,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 203,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 4,000 | |
Loans and Leases Receivable, Net of Deferred Income | 12,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,000 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Consumer Portfolio Segment [Member] | Loss [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans and Leases Receivable, Net of Deferred Income | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 382,000 | |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 135,000 | |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Financing Receivable, Past Due | 56,000 | |
Other Collateral [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 72,742,000 | |
Other Collateral [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Commercial and Industrial Sector [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 68,067,000 | |
Other Collateral [Member] | Construction And Land Development [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Small Balance Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Small balance commercial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 4,234,000 | |
Other Collateral [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Warehouse lending [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Municipal and nonprofit [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Other Collateral [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 441,000 | |
Real Estate Collateral [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 88,645,000 | |
Real Estate Collateral [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661,000 | |
Real Estate Collateral [Member] | Commercial and Industrial Sector [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Real Estate Collateral [Member] | Construction And Land Development [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Real Estate Collateral [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783,000 | |
Real Estate Collateral [Member] | Small Balance Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224,000 | |
Real Estate Collateral [Member] | Small balance commercial [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Real Estate Collateral [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977,000 | |
Real Estate Collateral [Member] | Warehouse lending [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Real Estate Collateral [Member] | Municipal and nonprofit [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | |
Real Estate Collateral [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 0 |
Loans, Leases and Allowance f_8
Loans, Leases and Allowance for Credit Losses - Impaired Loans by Loan Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Not Past Due | $ 23,080,481 | $ 21,065,187 |
Financing Receivable, Individually Evaluated for Impairment | $ 283,757 | 116,303 |
Non-accrual loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Not Past Due | $ 34,141 |
Loans, Leases and Allowance f_9
Loans, Leases and Allowance for Credit Losses - Recorded Investment in Loans Classified as Impaired (Detail) $ in Thousands | Dec. 31, 2019USD ($) |
Receivables [Abstract] | |
Impaired loans with an allowance recorded | $ 20,979 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 95,324 |
Valuation allowance related to impaired loans | $ (2,776) |
Loans, Leases and Allowance _10
Loans, Leases and Allowance for Credit Losses - Tabular Disclosure of Nonperforming Assets (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Nonaccrual | $ 65,700 | $ 55,968 |
Loans past due 90 days or more on accrual status | $ 0 | $ 0 |
Loans, Leases and Allowance _11
Loans, Leases and Allowance for Credit Losses - Allowances for Credit Losses (Detail) Valuation - USD ($) $ in Thousands | 3 Months Ended | ||||
Mar. 31, 2020 | Mar. 31, 2019 | Jan. 01, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | $ 97 | $ 2,313 | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 20,979 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 95,324 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 22,861,511 | 20,932,161 | |||
Interest Receivable | 88,100 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (3,260) | (1,083) | |||
Financing Receivable, Allowance for Credit Loss | 235,329 | 154,987 | $ 186,925 | $ 152,717 | |
Provision for Loan and Lease Losses | 45,241 | 3,500 | |||
Off-Balance Sheet, Credit Loss, Liability | 29,600 | 8,955 | 9,000 | ||
Financing Receivable, Individually Evaluated for Impairment | 283,757 | 116,303 | |||
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 228,478 | 164,923 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 6,851 | 2,776 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 24,055 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 99,440 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 123,495 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 20,921,137 | ||||
Financing Receivable Unpaid Principal Balance | 21,108,472 | ||||
Impaired Financing Receivable, Related Allowance | 2,776 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 235,329 | (167,797) | 167,797 | ||
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 53,029 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 63,840 | ||||
Impaired Financing Receivable, Related Allowance | 98 | ||||
Commercial Real Estate Owner Occupied [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 17,736 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,775,801 | 2,296,342 | |||
Financing Receivable, Allowance for Credit Loss, Recovery | (2) | ||||
Financing Receivable, Allowance for Credit Loss | 9,915 | 9,852 | |||
Provision for Loan and Lease Losses | 61 | ||||
Financing Receivable, Individually Evaluated for Impairment | 46,175 | 17,736 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,821,976 | 2,316,913 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 9,915 | 13,842 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 18,681 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 18,681 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 2,297,168 | ||||
Financing Receivable Unpaid Principal Balance | 2,319,426 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 13,842 | ||||
Commercial Real Estate Owner Occupied [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 2,835 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 3,577 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Small Balance Commercial Real Estate Owner Occupied [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 247,394 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (2) | ||||
Financing Receivable, Allowance for Credit Loss | 642 | 568 | |||
Provision for Loan and Lease Losses | 72 | ||||
Financing Receivable, Individually Evaluated for Impairment | 5,045 | ||||
Loans and Leases Receivable, Net of Deferred Income | 252,439 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 599 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 43 | ||||
Commercial Real Estate Non Owner Occupied [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 11,913 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 23,625 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 5,153,428 | 5,159,921 | |||
Financing Receivable, Allowance for Credit Loss, Recovery | (1,930) | ||||
Financing Receivable, Allowance for Credit Loss | 32,962 | 24,607 | |||
Provision for Loan and Lease Losses | 6,425 | ||||
Financing Receivable, Individually Evaluated for Impairment | 107,213 | 35,538 | |||
Loans and Leases Receivable, Net of Deferred Income | 5,260,641 | 5,245,634 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 28,336 | 32,114 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 4,626 | 1,219 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 11,949 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 24,738 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 36,687 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 5,177,477 | ||||
Financing Receivable Unpaid Principal Balance | 5,274,355 | ||||
Impaired Financing Receivable, Related Allowance | 1,219 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 33,431 | ||||
Commercial Real Estate Non Owner Occupied [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 50,175 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 60,191 | ||||
Impaired Financing Receivable, Related Allowance | 98 | ||||
Commercial and industrial [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 2,124 | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 6,919 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 42,065 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 6,748,566 | 9,333,059 | |||
Financing Receivable, Allowance for Credit Loss, Recovery | (1,223) | (477) | |||
Financing Receivable, Allowance for Credit Loss | 157,191 | 77,254 | 116,518 | 83,118 | |
Provision for Loan and Lease Losses | 39,450 | (4,217) | |||
Financing Receivable, Individually Evaluated for Impairment | 112,778 | 48,984 | |||
Loans and Leases Receivable, Net of Deferred Income | 6,861,344 | 9,382,043 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 156,887 | 81,252 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 304 | 1,050 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 9,844 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 43,848 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 53,692 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 9,312,100 | ||||
Financing Receivable Unpaid Principal Balance | 9,365,792 | ||||
Impaired Financing Receivable, Related Allowance | 1,050 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 82,302 | ||||
Commercial and industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 0 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Small balance commercial [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 55 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 317,114 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (70) | ||||
Financing Receivable, Allowance for Credit Loss | 2,939 | 1,660 | |||
Provision for Loan and Lease Losses | 1,264 | ||||
Financing Receivable, Individually Evaluated for Impairment | 4,238 | ||||
Loans and Leases Receivable, Net of Deferred Income | 321,352 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,569 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 1,370 | ||||
Residential Real Estate [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 188 | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 5,600 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 2,166,981 | 2,142,045 | |||
Financing Receivable, Allowance for Credit Loss, Recovery | (12) | (93) | |||
Financing Receivable, Allowance for Credit Loss | 1,279 | 13,006 | 3,814 | 11,276 | |
Provision for Loan and Lease Losses | (2,547) | 1,825 | |||
Financing Receivable, Individually Evaluated for Impairment | 5,784 | 5,600 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,172,765 | 2,147,664 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,279 | 13,714 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 5,708 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 5,708 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 2,113,893 | ||||
Financing Receivable Unpaid Principal Balance | 2,119,673 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 13,714 | ||||
Residential Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 19 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 72 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Construction And Land Development [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,147 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 6,274 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 2,011,293 | 1,943,735 | |||
Financing Receivable, Allowance for Credit Loss, Recovery | (10) | (55) | |||
Financing Receivable, Allowance for Credit Loss | 7,155 | 26,083 | 6,218 | 22,513 | |
Provision for Loan and Lease Losses | 927 | 3,515 | |||
Financing Receivable, Individually Evaluated for Impairment | 0 | 8,421 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,011,293 | 1,952,156 | |||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 7,155 | 23,387 | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 507 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,262 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 6,413 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 8,675 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 1,963,116 | ||||
Financing Receivable Unpaid Principal Balance | 1,971,791 | ||||
Impaired Financing Receivable, Related Allowance | 507 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 23,894 | ||||
Construction And Land Development [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 0 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Commercial Real Estate [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (453) | ||||
Financing Receivable, Allowance for Credit Loss | 37,867 | 34,829 | |||
Provision for Loan and Lease Losses | 2,585 | ||||
Consumer Loan [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 1 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 24 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 57,059 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (5) | ||||
Financing Receivable, Allowance for Credit Loss | 777 | $ 981 | |||
Provision for Loan and Lease Losses | $ (208) | ||||
Financing Receivable, Individually Evaluated for Impairment | 24 | ||||
Loans and Leases Receivable, Net of Deferred Income | 57,083 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 614 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 52 | ||||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 52 | ||||
Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment | 57,383 | ||||
Financing Receivable Unpaid Principal Balance | 57,435 | ||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Impaired Financing Receivable With No Related Allowance | 0 | ||||
Loans and Leases Receivable, Allowance | 614 | ||||
Consumer Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Valuation Allowance [Line Items] | |||||
Impaired Financing Receivable, Recorded Investment | 0 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, Related Allowance | $ 0 | ||||
Warehouse lending [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 2,546,940 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | 0 | ||||
Financing Receivable, Allowance for Credit Loss | 402 | 246 | |||
Provision for Loan and Lease Losses | 156 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | ||||
Loans and Leases Receivable, Net of Deferred Income | 2,546,940 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 402 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | ||||
Municipal and nonprofit [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,657,084 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | 0 | ||||
Financing Receivable, Allowance for Credit Loss | 16,166 | 17,397 | |||
Provision for Loan and Lease Losses | (1,231) | ||||
Financing Receivable, Individually Evaluated for Impairment | 2,083 | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,659,167 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 15,724 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 442 | ||||
Consumer Portfolio Segment [Member] | |||||
Valuation Allowance [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 42 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 236,910 | ||||
Financing Receivable, Allowance for Credit Loss, Recovery | (11) | ||||
Financing Receivable, Allowance for Credit Loss | 6,678 | $ 6,045 | |||
Provision for Loan and Lease Losses | 664 | ||||
Financing Receivable, Individually Evaluated for Impairment | 441 | ||||
Loans and Leases Receivable, Net of Deferred Income | 237,351 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 6,612 | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 66 |
Loans, Leases and Allowance _12
Loans, Leases and Allowance for Credit Losses - Summary of Impairment Method Information Related to Loans and Allowance for Credit Losses (Detail) - USD ($) | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 |
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | $ 23,080,481,000 | $ 21,065,187,000 | |
Financing Receivable, Past Due | 64,787,000 | 36,306,000 | |
Loans and Leases Receivable, Net of Deferred Income | 23,145,268,000 | 21,101,493,000 | |
Financing Receivable, Originated in Current Fiscal Year | 1,200,887,000 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,720,668,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,693,329,000 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,207,850,000 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 857,384,000 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,229,278,000 | ||
Financing Receivable, Revolving | 7,235,872,000 | ||
Impaired loans with an allowance recorded | 20,979,000 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 95,324,000 | ||
Total loans individually evaluated for impairment | 283,757,000 | 116,303,000 | |
Loans collectively evaluated for impairment | 22,861,511,000 | 20,932,161,000 | |
Impaired loans with an allowance recorded | 24,055,000 | ||
Impaired loans with no allowance recorded | 99,440,000 | ||
Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment | 123,495,000 | ||
Loans collectively evaluated for impairment | 20,921,137,000 | ||
Financing Receivable Unpaid Principal Balance | 21,108,472,000 | ||
Impaired loans with an allowance recorded | 2,776,000 | ||
Impaired Financing Receivable With No Related Allowance | 0 | ||
Total loans individually evaluated for impairment | 6,851,000 | 2,776,000 | |
Loans collectively evaluated for impairment | 228,478,000 | 164,923,000 | |
Total loans held for investment | 235,329,000 | $ (167,797,000) | 167,797,000 |
Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Recorded Investment | 53,029,000 | ||
Loans acquired with deteriorated credit quality | 63,840,000 | ||
Impaired loans with an allowance recorded | 98,000 | ||
Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | 158,907,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 104,220,000 | 158,981,000 | |
Financing Receivable, Originated in Current Fiscal Year | 2,000,000 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 51,440,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20,647,000 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,609,000 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,392,000 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,872,000 | ||
Financing Receivable, Revolving | 13,260,000 | ||
Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | 120,897,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 235,945,000 | 146,805,000 | |
Financing Receivable, Originated in Current Fiscal Year | 21,313,000 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42,060,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 19,091,000 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28,974,000 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 24,049,000 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 44,535,000 | ||
Financing Receivable, Revolving | 55,923,000 | ||
Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | 265,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 440,000 | 449,000 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,000 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 428,000 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 4,000 | ||
Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Not Past Due | 20,785,118,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 22,804,663,000 | 20,795,258,000 | |
Financing Receivable, Originated in Current Fiscal Year | 1,177,574,000 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,627,168,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,653,583,000 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,174,839,000 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 827,943,000 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,176,871,000 | ||
Financing Receivable, Revolving | 7,166,685,000 | ||
Consumer Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 57,083,000 | ||
Consumer Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 10,000 | ||
Consumer Loan [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Consumer Loan [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Consumer Loan [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Consumer Loan [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 57,073,000 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,147,664,000 | ||
Residential Real Estate [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 366,000 | ||
Residential Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 5,962,000 | ||
Residential Real Estate [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Residential Real Estate [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Residential Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,141,336,000 | ||
Commercial and industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 9,382,043,000 | ||
Commercial and industrial [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 65,893,000 | ||
Commercial and industrial [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 49,878,000 | ||
Commercial and industrial [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 449,000 | ||
Commercial and industrial [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | ||
Commercial and industrial [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 9,265,823,000 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 39,390,000 | 15,413,000 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 58,000 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 7,092,000 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 8,263,000 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 9,374,000 | 2,358,000 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 16,000 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 861,000 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 1,481,000 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | $ 16,023,000 | 18,535,000 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Special Mention [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 17,955,000 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Doubtful [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 184,000 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Loss [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | 0 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Pass [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Past Due | $ 396,000 |
Loans, Leases and Allowance _13
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($)SecurityLoan | Mar. 31, 2019USD ($)SecurityLoan | Dec. 31, 2019USD ($) | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 161,387 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 200 | $ 200 | |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 26,525 | $ 27,100 | |
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 7 | 2 | |
Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 72,742 | ||
Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 88,645 | ||
Commercial and industrial [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 20,427 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 3 | ||
Commercial and Industrial Sector [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 68,067 | ||
Commercial and Industrial Sector [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 68,067 | ||
Commercial and Industrial Sector [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Small balance commercial [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 4,234 | ||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 183 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 1 | ||
Small balance commercial [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 4,234 | ||
Small balance commercial [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977 | ||
Commercial Real Estate Owner Occupied [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Commercial Real Estate Owner Occupied [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224 | ||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 1,423 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 2 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 0 | ||
Small Balance Commercial Real Estate Owner Occupied [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224 | ||
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661 | ||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 4,492 | ||
Financing Receivable, Modifications, Number of Contracts | SecurityLoan | 1 | ||
Commercial Real Estate Non Owner Occupied [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 0 | ||
Commercial Real Estate Non Owner Occupied [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783 | ||
Residential Real Estate [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Residential Real Estate [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783 | ||
Construction And Land Development [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Construction And Land Development [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Construction And Land Development [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Warehouse lending [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Warehouse lending [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Warehouse lending [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Municipal and nonprofit [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Municipal and nonprofit [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Municipal and nonprofit [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 | ||
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 441 | ||
Consumer Portfolio Segment [Member] | Other Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 441 | ||
Consumer Portfolio Segment [Member] | Real Estate Collateral [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 0 |
Loans, Leases and Allowance _14
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - HFS loans (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Loans HFS [Abstract] | ||
Loans Receivable Held-for-sale, Amount | $ 20,873 | $ 21,803 |
Loans, Leases and Allowance _15
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Loan Purchases and Sales (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | $ 667,624 | $ 530,497 |
Loans and Leases Receivable, Gain (Loss) on Sales, Net | (400) | |
Loans And Loans Receivable Purchases | 0 | |
Financing Receivable, Sale | 15,500 | |
Commercial and industrial [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | 286,459 | 187,991 |
Financing Receivable, Sale | 15,500 | |
Small balance commercial [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | 2,269 | |
Commercial Real Estate Non Owner Occupied [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | 30,034 | |
Financing Receivable, Sale | 0 | |
Residential Real Estate [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | 279,450 | 312,472 |
Financing Receivable, Sale | $ 0 | |
Warehouse lending [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Financing Receivable, Purchase | $ 99,446 |
Loans, Leases and Allowance _16
Loans, Leases and Allowance for Credit Losses Loans, Leases and Allowance for Credit Losses - Collateral Dependent Loans (Details) $ in Thousands | Mar. 31, 2020USD ($) |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 161,387 |
Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 72,742 |
Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 88,645 |
Municipal and nonprofit [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Municipal and nonprofit [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Municipal and nonprofit [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Warehouse lending [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Warehouse lending [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Warehouse lending [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Residential Real Estate [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783 |
Residential Real Estate [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Residential Real Estate [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 5,783 |
Commercial Real Estate Non Owner Occupied [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661 |
Commercial Real Estate Non Owner Occupied [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Commercial Real Estate Non Owner Occupied [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 50,661 |
Small Balance Commercial Real Estate Owner Occupied [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224 |
Small Balance Commercial Real Estate Owner Occupied [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Small Balance Commercial Real Estate Owner Occupied [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 3,224 |
Commercial Real Estate Owner Occupied [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977 |
Commercial Real Estate Owner Occupied [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Commercial Real Estate Owner Occupied [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 28,977 |
Small balance commercial [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 4,234 |
Small balance commercial [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 4,234 |
Small balance commercial [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Commercial and Industrial Sector [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 68,067 |
Commercial and Industrial Sector [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 68,067 |
Commercial and Industrial Sector [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 0 |
Consumer Portfolio Segment [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 441 |
Consumer Portfolio Segment [Member] | Other Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | 441 |
Consumer Portfolio Segment [Member] | Real Estate Collateral [Member] | |
Loans and Leases Receivable Disclosure [Line Items] | |
Loans and Leases Receivable, Collateral for Secured Borrowings | $ 0 |
Other Borrowings - Additional I
Other Borrowings - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt [Line Items] | ||
FHLB advances | $ 0 | $ 0 |
Short-term Debt | 308,000 | 0 |
Customer repurchase agreements | 22,980 | 16,675 |
Federal Funds Purchased | 308,000 | 0 |
Federal Home Loan Bank Advances [Member] | ||
Debt [Line Items] | ||
Additional available credit with the entity | 4,400,000 | 4,500,000 |
FRB [Member] | ||
Debt [Line Items] | ||
Additional available credit with the entity | 1,300,000 | $ 1,100,000 |
Unsecured Credit Facility [Member] | ||
Debt [Line Items] | ||
Secured borrowing credit line | $ 1,400,000 |
Qualifying Debt (Details)
Qualifying Debt (Details) | 3 Months Ended | |||
Mar. 31, 2020USD ($)Trust$ / shares | Dec. 31, 2019USD ($) | Jun. 16, 2016USD ($) | Jun. 29, 2015USD ($) | |
Debt Instrument [Line Items] | ||||
Common Stock, Dividends, Per Share, Cash Paid | $ / shares | $ 0.25 | |||
Subordinated Debt | $ 324,100,000 | $ 319,200,000 | ||
Number of Statutory Business Trusts Formed or Acquired | Trust | 8 | |||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 65,700,000 | $ 74,400,000 | ||
Subordinated Debt [Member] | Subordinated Debentures Maturing July 2056 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 175,000,000 | |||
Debt Issuance Cost | $ 5,500,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | |||
Subordinated Debt [Member] | Subordinated Debentures Maturing July 2025 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 150,000,000 | |||
Debt Issuance Cost | $ 1,800,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||
Junior Subordinated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt, Weighted Average Interest Rate, at Point in Time | 3.79% | 4.25% |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Dividends, Common Stock, Cash | $ (25,606) | |
Treasury Stock, Shares, Acquired | 139,111 | 173,007 |
Treasury Stock Acquired, Average Cost Per Share | $ 53.61 | $ 45.66 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 136,334 | |
Performance Shares [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Payment Arrangement, Expense | $ 1,700 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | 21,700 | $ 20,700 |
Share-based Payment Arrangement, Expense | 4,900 | 4,300 |
Executive Officer [Member] | Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Payment Arrangement, Expense | 300 | $ 500 |
Retained Earnings [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Dividends, Common Stock, Cash | $ 25,606 |
Stockholders' Equity Common S_2
Stockholders' Equity Common Stock Repurchase (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock Repurchase Program, Authorized Amount | $ 250,000 | |
Stock Repurchased and Retired During Period, Shares | 1,769,479 | 940,915 |
Weighted Average Selling Price Per Share | $ 35.30 | $ 40.30 |
Stock Repurchased and Retired During Period, Value | $ 62,521 | $ 37,949 |
Common Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock Repurchased and Retired During Period, Shares | (1,769,000) | (941,000) |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | $ 25,008 | $ (33,622) |
Other comprehensive income before reclassifications | 12,543 | 25,431 |
Amounts reclassified from accumulated other comprehensive income | (54) | 0 |
Net other comprehensive income | 12,489 | 25,431 |
Ending balance | 37,497 | (8,191) |
Unrealized holding gains (losses) on AFS | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 21,399 | (47,591) |
Other comprehensive income before reclassifications | 6,276 | 31,377 |
Amounts reclassified from accumulated other comprehensive income | (54) | 0 |
Net other comprehensive income | 6,222 | 31,377 |
Ending balance | 27,621 | (16,214) |
Accumulated Gain (Loss), Financial Liability, Fair Value Option, Attributable to Parent [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 3,629 | 13,433 |
Other comprehensive income before reclassifications | 6,557 | (5,928) |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 |
Net other comprehensive income | 6,557 | (5,928) |
Ending balance | 10,186 | 7,505 |
Impairment loss on securities | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 0 | 144 |
Other comprehensive income before reclassifications | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 |
Net other comprehensive income | 0 | 0 |
Ending balance | 0 | 144 |
Supplemental Employee Retirement Plan [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (20) | 392 |
Other comprehensive income before reclassifications | (290) | (18) |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 |
Net other comprehensive income | (290) | (18) |
Ending balance | $ (310) | $ 374 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Realized gains on sales of investment securities | $ 72 | $ 0 |
Amount reclassified from accumulated other comprehensive income | 18 | 0 |
Amount reclassified from accumulated other comprehensive income | $ 54 | $ 0 |
Derivatives and Hedging Fair Va
Derivatives and Hedging Fair Value of Derivative Contracts (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 |
Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | $ 492 | $ 125 | $ 727 |
Derivative Liability, Fair Value | 455 | 99 | 523 |
Derivative, Notional Amount | 12,212 | 9,643 | 44,461 |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 227 | 81 | 12 |
Derivative Liability, Fair Value | 227 | 81 | 12 |
Derivative, Notional Amount | 2,932 | 2,932 | 2,348 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 265 | 44 | 715 |
Derivative Liability, Fair Value | 228 | 18 | 511 |
Derivative, Notional Amount | 9,280 | 6,711 | 42,113 |
Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 4,416 | 1,778 | 987 |
Derivative Liability, Fair Value | 95,128 | 55,471 | 48,332 |
Notional Amount, Netting Adjustments | 0 | 0 | 0 |
Derivative Netting Adjustments | 0 | 21 | 987 |
Derivative, Notional Amount | 859,086 | 862,952 | 961,493 |
Positive NPVs | 4,416 | 1,757 | 0 |
Negative NPVs | 95,128 | 55,450 | 47,345 |
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Derivative Asset, Fair Value | 4,416 | 1,778 | 987 |
Derivative Liability, Fair Value | 95,128 | 55,471 | 48,332 |
Derivative, Notional Amount | $ 859,086 | $ 862,952 | $ 961,493 |
Derivatives and Hedging Largest
Derivatives and Hedging Largest Exposure to Individual Counterparty (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Collateral posted by this counterparty | $ 117,500 | $ 14,200 | |
Largest individual counterparty [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Largest gross exposure (positive derivative NPV) to an individual counterparty | 4,264 | $ 1,757 | 987 |
Collateral posted by this counterparty | 0 | 1,610 | 0 |
Negative derivative NPV with this counterparty | 0 | 0 | 32,250 |
Collateral pledged to this counterparty | 0 | 0 | 40,035 |
Net exposure after netting adjustments and collateral | $ 4,264 | $ 147 | $ 0 |
Derivatives and Hedging Additio
Derivatives and Hedging Additional Information (Detail) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 |
Derivative [Line Items] | |||
Hedged Asset, Fair Value Hedge | $ 615,890,000 | $ 578,063,000 | |
Derivative, Collateral, Right to Reclaim Securities | 22,400,000 | 29,200,000 | |
Collateral netted against derivative liabilities | 95,100,000 | 55,500,000 | $ 48,300,000 |
Collateral posted by this counterparty | 117,500,000 | 14,200,000 | |
Fair Value Hedge Assets, Loans | 95,128,000 | 53,292,000 | |
Hedged Liability, Fair Value Hedge | (324,145,000) | (319,197,000) | |
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) | (4,416,000) | 401,000 | |
Subordinated Debentures Maturing July 2025 [Member] | Subordinated Debt [Member] | |||
Derivative [Line Items] | |||
Debt Instrument, Face Amount | 150,000,000 | ||
Subordinated Debentures Maturing July 2056 [Member] | Subordinated Debt [Member] | |||
Derivative [Line Items] | |||
Debt Instrument, Face Amount | 175,000,000 | ||
Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative Liability, Fair Value | 95,128,000 | 55,471,000 | 48,332,000 |
Negative NPVs | $ 95,128,000 | $ 55,450,000 | $ 47,345,000 |
Earnings per Share (Details)
Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Earnings Per Share [Abstract] | ||
Basic | 101,328 | 104,033 |
Dilutive Effect Of Stock Options Restricted Stock And Equity Settled Awards | 347 | 442 |
Diluted | 101,675 | 104,475 |
Net income available to common shareholders | $ 83,964 | $ 120,796 |
Earnings (loss) per share - basic | $ 0.83 | $ 1.16 |
Earnings (loss) per share - diluted | $ 0.83 | $ 1.16 |
Anti-dilutive stock options outstanding that were not included in computation of diluted earnings per common share | 0 |
Income Taxes Additional Informa
Income Taxes Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Jan. 01, 2020 | Dec. 31, 2019 | |
Operating Loss Carryforwards [Line Items] | ||||
Effective Income Tax Rate Reconciliation, Percent | 18.06% | 17.45% | ||
Deferred tax assets, net | $ 27,518 | $ 18,025 | $ 18,025 | |
Increase (Decrease) in Deferred Income Taxes | 9,500 | |||
Operating Loss Carryforwards, Valuation Allowance | 0 | |||
Investments in LIHTC and renewable energy | 416,272 | 409,365 | ||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities | 182,100 | $ 191,000 | ||
Amortization of tax credit investments | 7,442 | $ 10,145 | ||
Internal Revenue Service (IRS) [Member] | ||||
Operating Loss Carryforwards [Line Items] | ||||
Operating Loss Carryforwards | 45,500 | |||
Deferred Tax Assets, Operating Loss Carryforwards | 5,400 | |||
ARIZONA | ||||
Operating Loss Carryforwards [Line Items] | ||||
Operating Loss Carryforwards | 1,900 | |||
State and Local Jurisdiction [Member] | ||||
Operating Loss Carryforwards [Line Items] | ||||
Deferred Tax Assets, Operating Loss Carryforwards | $ 100 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Jan. 01, 2020 | Dec. 31, 2019 | |
Loss Contingencies [Line Items] | ||||
Deferred tax assets, net | $ 27,518 | $ 18,025 | $ 18,025 | |
Letters of credit expiration period | 1 year | |||
Off-Balance Sheet, Credit Loss, Liability | $ 29,600 | 8,955 | $ 9,000 | |
Percentage of first liens initial loan to value ratio | 75.00% | |||
Percentage Of Commercial Real Estate Loans Occupied By Owners | 30.00% | 31.00% | ||
Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Credit Concentration Risk [Member] | ||||
Loss Contingencies [Line Items] | ||||
Percent of commercial real estate related loans | 42.00% | 45.00% | ||
Unfunded Loan Commitment [Member] | ||||
Loss Contingencies [Line Items] | ||||
Loss Contingency Accrual | $ 29,600 | $ 9,000 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Loss Contingencies [Line Items] | ||||
Deferred tax assets, net | 8,650 | |||
Off-Balance Sheet, Credit Loss, Liability | $ 15,089 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Contractual Amounts for Unfunded Commitments and Letters of Credit (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Other Commitments [Line Items] | |||
Total amount | $ 7,848,971 | $ 8,827,108 | |
Percentage Of Commercial Real Estate Loans Occupied By Owners | 30.00% | 31.00% | |
Commitments to extend credit [Member] | |||
Other Commitments [Line Items] | |||
Unsecured Loan Commitments | $ 952,211 | $ 895,175 | |
Total amount | 7,362,311 | 8,348,421 | |
Credit card guarantees [Member] | |||
Other Commitments [Line Items] | |||
Total amount | 323,052 | 302,909 | |
Standby letters of credit [Member] | |||
Other Commitments [Line Items] | |||
Total amount | 163,608 | 175,778 | |
Unsecured Letters Of Credit | $ 8,008 | $ 5,850 | |
Commercial Real Estate Portfolio Segment [Member] | Credit Concentration Risk [Member] | Loans Receivable [Member] | |||
Other Commitments [Line Items] | |||
Concentration Risk, Percentage | 42.00% | 45.00% |
Commitments and Contingencies L
Commitments and Contingencies Lease Commitments (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Lease, Cost | $ 3.4 | $ 3.3 |
Lessee, operating lease, other cost | $ 1.1 |
Fair Value Accounting - Gains a
Fair Value Accounting - Gains and Losses from Fair Value Changes Included in Consolidated Statement of Operations (Detail) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Subordinated Debt Obligations, Fair Value Disclosure | $ 52,990 | $ 61,685 | |
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(2,138) and $1,934, respectively | $ 6,557 | $ (5,928) | |
Junior Subordinated Debt [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Debt Instrument, Measurement Input | 0.0619 | 0.0509 | |
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 8,695 | (7,862) | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | $ 8,695 | $ (7,862) | |
Period of basis point spread | 4.74% | 3.18% | |
Percentage of LIBOR | 1.45% | 1.91% |
Fair Value Accounting - Fair Va
Fair Value Accounting - Fair Value of Assets and Liabilities (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | $ 3,676,651,000 | $ 3,346,310,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Subordinated Debt Obligations, Fair Value Disclosure | 52,990,000 | 61,685,000 | |
Fair Value, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 3,676,651,000 | 3,346,310,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Derivative Liability | 95,583,000 | 55,570,000 | |
Loans Held-for-sale, Fair Value Disclosure | 20,873,000 | 21,803,000 | |
Fair Value, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 28,601,000 | 32,167,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | |
Derivative Liability | 0 | 0 | |
Loans Held-for-sale, Fair Value Disclosure | 0 | 0 | |
Fair Value, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 3,648,050,000 | 3,314,143,000 | |
Investment securities - equity | 0 | 0 | |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 | |
Derivative Liability | 95,583,000 | 55,570,000 | |
Loans Held-for-sale, Fair Value Disclosure | 20,873,000 | 21,803,000 | |
Fair Value, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Investment securities - equity | 0 | 0 | |
Subordinated Debt Obligations, Fair Value Disclosure | 52,990,000 | 61,685,000 | |
Derivative Liability | 0 | 0 | |
Loans Held-for-sale, Fair Value Disclosure | 0 | 0 | |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,494,296,000 | 1,412,060,000 | |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,494,296,000 | 1,412,060,000 | |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Nontaxable Municipal Bonds [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 740,711,000 | 554,855,000 | |
Fair Value, Recurring [Member] | Nontaxable Municipal Bonds [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Nontaxable Municipal Bonds [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 740,711,000 | 554,855,000 | |
Fair Value, Recurring [Member] | Nontaxable Municipal Bonds [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,180,517,000 | 1,129,227,000 | |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,180,517,000 | 1,129,227,000 | |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 104,641,000 | 94,253,000 | |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 104,641,000 | 94,253,000 | |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued By US Government Sponsored Enterprise [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Corporate Bond Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 87,894,000 | 99,961,000 | |
Fair Value, Recurring [Member] | Corporate Bond Securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 5,044,000 | 5,127,000 | |
Fair Value, Recurring [Member] | Corporate Bond Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 82,850,000 | 94,834,000 | |
Fair Value, Recurring [Member] | Corporate Bond Securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | LIHTC development bonds [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 30,000,000 | ||
Fair Value, Recurring [Member] | LIHTC development bonds [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | ||
Fair Value, Recurring [Member] | LIHTC development bonds [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 30,000,000 | ||
Fair Value, Recurring [Member] | LIHTC development bonds [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | ||
Fair Value, Recurring [Member] | Taxable Municipal Bonds [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 6,683,000 | 7,773,000 | |
Fair Value, Recurring [Member] | Taxable Municipal Bonds [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Taxable Municipal Bonds [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 6,683,000 | 7,773,000 | |
Fair Value, Recurring [Member] | Taxable Municipal Bonds [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Preferred Stock [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 78,054,000 | 86,197,000 | |
Fair Value, Recurring [Member] | Preferred Stock [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 78,054,000 | 86,197,000 | |
Fair Value, Recurring [Member] | Preferred Stock [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 0 | 0 | |
Fair Value, Recurring [Member] | Preferred Stock [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 0 | 0 | |
Fair Value, Recurring [Member] | CRA investments [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 53,104,000 | 52,504,000 | |
Fair Value, Recurring [Member] | CRA investments [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 53,104,000 | 52,504,000 | |
Fair Value, Recurring [Member] | CRA investments [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 0 | 0 | |
Fair Value, Recurring [Member] | CRA investments [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment securities - equity | 0 | 0 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 7,351,000 | 10,142,000 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 7,351,000 | 10,142,000 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,557,000 | 27,040,000 | |
Fair Value, Recurring [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,557,000 | 27,040,000 | |
Fair Value, Recurring [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | Trust Preferred Securities Subject to Mandatory Redemption [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 10,000,000 | ||
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | ||
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 10,000,000 | ||
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | ||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,001,000 | 999,000 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 1,001,000 | 999,000 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 3,676,651,000 | 3,346,310,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Derivative Liability | 95,583,000 | 55,570,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 3,676,651,000 | 3,346,310,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Derivative Liability | 95,583,000 | 55,570,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 28,601,000 | 32,167,000 | |
Investment securities - equity | 131,158,000 | 138,701,000 | |
Derivative Liability | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 3,648,050,000 | 3,314,143,000 | |
Investment securities - equity | 0 | 0 | |
Derivative Liability | 95,583,000 | 55,570,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Investment securities - equity | 0 | 0 | |
Derivative Liability | 0 | 0 | |
Junior Subordinated Debt [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) | 8,695,000 | $ (7,862,000) | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | 8,695,000 | $ (7,862,000) | |
Junior Subordinated Debt [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Subordinated Debt Obligations, Fair Value Disclosure | $ 52,990,000 | $ 61,685,000 |
Fair Value Accounting - Change
Fair Value Accounting - Change in Level 3 Liabilities Measured at Fair Value on Recurring Basis (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(2,138) and $1,934, respectively | $ 6,557 | $ (5,928) | |
Junior subordinated debt | 52,990 | $ 61,685 | |
Fair Value, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Junior subordinated debt | $ 52,990 | $ 61,685 | |
Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Discounted cash flow method | Discounted cash flow method | |
Other Assets [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Collateral method | Collateral method | |
Junior Subordinated Debt [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | $ 8,695 | (7,862) | |
Debt Instrument, Measurement Input | 0.0619 | 0.0509 | |
Junior Subordinated Debt [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Junior subordinated debt | $ 52,990 | $ 61,685 | |
Fair Value Measurements, Valuation Processes, Description | Implied credit rating of the Company | Implied credit rating of the Company | |
Junior Subordinated Debt [Member] | Fair Value, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Beginning balance | $ (61,685) | 48,684 | $ 48,684 |
Closing balance | $ (52,990) | $ (56,546) | $ (61,685) |
Valuation Technique, Discounted Cash Flow [Member] | Junior Subordinated Debt [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Discounted cash flow | Discounted cash flow | |
Collateral Method [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Collateral method | Collateral method | |
Third Party Appraisal [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Third party appraisal | Third party appraisal | |
Third Party Appraisal [Member] | Other Assets [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Third party appraisal | Third party appraisal | |
Discount Rate [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Discount rate | Discount rate | |
Scheduled Cash Collections [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Scheduled cash collections | ||
Proceeds from Non-Real Estate Collateral [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Proceeds from non-real estate collateral |
Fair Value Accounting - Assets
Fair Value Accounting - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans without specific valuation allowance | $ 95,324 | |
Impaired loans with an allowance recorded | $ (6,400) | |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans with an allowance recorded | 2,800 | |
Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 10,647 | 13,850 |
Collateral Dependent Loans, Net of Allowance | 154,978 | 110,272 |
Fair Value, Nonrecurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 0 | 0 |
Collateral Dependent Loans, Net of Allowance | 0 | |
Fair Value, Nonrecurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 0 | 0 |
Collateral Dependent Loans, Net of Allowance | 0 | 0 |
Fair Value, Nonrecurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other assets acquired through foreclosure | 10,647 | 13,850 |
Collateral Dependent Loans, Net of Allowance | $ 154,978 | $ 110,272 |
Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Discounted cash flow method | Discounted cash flow method |
Other Assets [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Collateral method | Collateral method |
Collateral Method [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Collateral method | Collateral method |
Third Party Appraisal [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Third party appraisal | Third party appraisal |
Level 3 Fair Value Measurement Inputs | Costs to sell | Costs to sell |
Third Party Appraisal [Member] | Other Assets [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Third party appraisal | Third party appraisal |
Level 3 Fair Value Measurement Inputs | Costs to sell | Costs to sell |
Discount Rate [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Discount rate | Discount rate |
Level 3 Fair Value Measurement Inputs | Contractual loan rate | Contractual loan rate |
Scheduled Cash Collections [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Scheduled cash collections | |
Level 3 Fair Value Measurement Inputs | Probability of default | |
Proceeds from Non-Real Estate Collateral [Member] | Loans and Finance Receivables [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Measurements, Valuation Processes, Description | Proceeds from non-real estate collateral | |
Level 3 Fair Value Measurement Inputs | Loss given default |
Fair Value Accounting - Estimat
Fair Value Accounting - Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Repossessed Assets | $ 10,600 | $ 13,900 |
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 483,775 | 485,107 |
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - equity | 131,158 | 138,701 |
Loans, net | 22,909,939 | 20,933,696 |
Accrued Investment Income Receivable | 1,700 | |
Financial liabilities | ||
Deposits | 24,830,681 | 22,796,493 |
Customer repurchase agreements | 22,980 | 16,675 |
Junior subordinated debt | 52,990 | 61,685 |
Fair Value, Nonrecurring [Member] | Reported Value Measurement [Member] | ||
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 483,775 | 485,107 |
Loans, net | 22,930,812 | 20,955,499 |
Financial liabilities | ||
Deposits | 24,830,681 | 22,796,493 |
Junior subordinated debt | 389,893 | 393,563 |
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 530,062 | 516,261 |
Loans, net | 23,347,279 | 21,256,462 |
Financial liabilities | ||
Deposits | 24,849,522 | 22,813,265 |
Junior subordinated debt | 367,692 | 406,790 |
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 1 [Member] | ||
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Loans, net | 0 | 0 |
Financial liabilities | ||
Deposits | 0 | 0 |
Junior subordinated debt | 0 | 0 |
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 2 [Member] | ||
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 530,062 | 516,261 |
Loans, net | 0 | 0 |
Financial liabilities | ||
Deposits | 24,849,522 | 22,813,265 |
Junior subordinated debt | 304,451 | 332,635 |
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | Level 3 [Member] | ||
Financial assets | ||
Investment securities - HTM, at amortized cost; fair value of $530,062 at March 31, 2020 and $516,261 at December 31, 2019 | 0 | 0 |
Loans, net | 23,347,279 | 21,256,462 |
Financial liabilities | ||
Deposits | 0 | 0 |
Junior subordinated debt | 63,241 | 74,155 |
Fair Value, Recurring [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - equity | 131,158 | 138,701 |
Derivative Asset | 4,908 | 1,903 |
Financial liabilities | ||
Derivative Liability | 95,583 | 55,570 |
Fair Value, Recurring [Member] | Level 1 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 28,601 | 32,167 |
Investment securities - equity | 131,158 | 138,701 |
Derivative Asset | 0 | 0 |
Financial liabilities | ||
Junior subordinated debt | 0 | 0 |
Derivative Liability | 0 | 0 |
Fair Value, Recurring [Member] | Level 2 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,648,050 | 3,314,143 |
Investment securities - equity | 0 | 0 |
Derivative Asset | 4,908 | 1,903 |
Financial liabilities | ||
Junior subordinated debt | 0 | 0 |
Derivative Liability | 95,583 | 55,570 |
Fair Value, Recurring [Member] | Level 3 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Investment securities - equity | 0 | 0 |
Derivative Asset | 0 | 0 |
Financial liabilities | ||
Junior subordinated debt | 52,990 | 61,685 |
Derivative Liability | 0 | 0 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - equity | 131,158 | 138,701 |
Derivative Asset | 4,908 | 1,903 |
Accrued Investment Income Receivable | 106,777 | 108,694 |
Financial liabilities | ||
Customer repurchase agreements | 22,980 | 16,675 |
Derivative Liability | 95,583 | 55,570 |
Interest Payable, Current | 16,565 | 24,661 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,676,651 | 3,346,310 |
Investment securities - equity | 131,158 | 138,701 |
Derivative Asset | 4,908 | 1,903 |
Accrued Investment Income Receivable | 106,777 | 108,694 |
Financial liabilities | ||
Customer repurchase agreements | 22,980 | 16,675 |
Derivative Liability | 95,583 | 55,570 |
Interest Payable, Current | 16,565 | 24,661 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 1 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 28,601 | 32,167 |
Investment securities - equity | 131,158 | 138,701 |
Derivative Asset | 0 | 0 |
Accrued Investment Income Receivable | 0 | 0 |
Financial liabilities | ||
Customer repurchase agreements | 0 | 0 |
Derivative Liability | 0 | 0 |
Interest Payable, Current | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 2 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 3,648,050 | 3,314,143 |
Investment securities - equity | 0 | 0 |
Derivative Asset | 4,908 | 1,903 |
Accrued Investment Income Receivable | 106,777 | 108,694 |
Financial liabilities | ||
Customer repurchase agreements | 22,980 | 16,675 |
Derivative Liability | 95,583 | 55,570 |
Interest Payable, Current | 16,565 | 24,661 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Level 3 [Member] | ||
Financial assets | ||
Investment securities - AFS, at fair value; amortized cost of $3,640,109 at March 31, 2020 and $3,317,928 at December 31, 2019 | 0 | 0 |
Investment securities - equity | 0 | 0 |
Derivative Asset | 0 | 0 |
Accrued Investment Income Receivable | 0 | 0 |
Financial liabilities | ||
Customer repurchase agreements | 0 | 0 |
Derivative Liability | 0 | 0 |
Interest Payable, Current | $ 0 | $ 0 |
Fair Value Accounting - Additio
Fair Value Accounting - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired loans with an allowance recorded | $ 20,979 | ||
Impaired loans with an allowance recorded | (2,776) | ||
Other assets acquired through foreclosure | $ 10,600 | $ 13,900 | |
Common Stock, Shares, Issued | 103,296,003 | 104,527,544 | |
Junior Subordinated Debt [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Period of basis point spread | 4.74% | 3.18% | |
Percentage of LIBOR | 1.45% | 1.91% | |
Fair Value, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Collateral Dependent Loans, Net of Allowance | $ 154,978 | $ 110,272 | |
Fair Value, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Collateral Dependent Loans, Net of Allowance | $ 154,978 | $ 110,272 |
Segments - Operating Segment In
Segments - Operating Segment Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||||
Mar. 31, 2020 | Mar. 31, 2019 | Jan. 01, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Operating Statistics [Line Items] | |||||
Service charges and fees | $ 6,404 | $ 5,412 | |||
Cash, Cash Equivalents and Investment Securities | 4,771,000 | $ 4,471,200 | |||
Loans and Leases Receivable, Net of Deferred Income | 23,145,268 | 21,101,493 | |||
Less: Allowance for credit losses | (235,329) | $ 167,797 | (167,797) | ||
Loans and Leases Receivable Including Held for Sale, Net | 20,955,500 | ||||
Loans, net | 22,909,939 | 20,933,696 | |||
Other Repossessed Assets | 10,600 | 13,900 | |||
Goodwill and intangible assets, net | 297,234 | 297,608 | |||
Other Assets Segment | 1,148,500 | 1,083,700 | |||
Assets | 29,158,227 | 26,821,948 | |||
Deposits | 24,830,681 | 22,796,493 | |||
Other borrowings | 697,900 | 393,600 | |||
Other Liabilities Segment | 630,000 | 615,100 | |||
Total liabilities | 26,158,594 | 23,805,200 | |||
Stockholders' equity | 2,999,633 | 2,720,620 | $ 2,991,801 | 3,016,748 | $ 2,613,734 |
Liabilities and Equity | 29,158,227 | 26,821,948 | |||
Excess Funds Provided by (Used in) Segment Basis | 0 | 0 | |||
Net interest income | 269,020 | 247,336 | |||
Provision for Loan, Lease, and Other Losses | 51,176 | 4,536 | |||
Net interest income (loss) after provision for credit losses | 217,844 | 242,800 | |||
Total non-interest income | 5,109 | 15,410 | |||
Non-interest expense | (120,481) | (111,878) | |||
Income from continuing operations before income taxes | 102,472 | 146,332 | |||
Income tax expense (benefit) | 18,508 | 25,536 | |||
Net income | 83,964 | 120,796 | |||
Debit and credit card interchange fees | 1,411 | 1,865 | |||
Success fees (2) | 135 | 435 | |||
Other income | 95 | 119 | |||
Total revenue from contracts with customers | 8,045 | 7,831 | |||
Revenues outside the scope of ASC 606 (3) | (2,936) | 7,579 | |||
Operating Segments [Member] | HOA Services [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 116 | 88 | |||
Cash, Cash Equivalents and Investment Securities | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 233,500 | 237,200 | |||
Less: Allowance for credit losses | (5,200) | (2,000) | |||
Loans and Leases Receivable Including Held for Sale, Net | 228,300 | ||||
Loans, net | 235,200 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 4,500 | 1,200 | |||
Assets | 232,800 | 236,400 | |||
Deposits | 3,539,600 | 3,210,100 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 1,700 | 1,800 | |||
Total liabilities | 3,541,300 | 3,211,900 | |||
Stockholders' equity | 98,900 | 84,500 | |||
Liabilities and Equity | 3,640,200 | 3,296,400 | |||
Excess Funds Provided by (Used in) Segment Basis | 3,407,400 | 3,060,000 | |||
Net interest income | 22,883 | 20,641 | |||
Provision for Loan, Lease, and Other Losses | 708 | (27) | |||
Net interest income (loss) after provision for credit losses | 22,175 | 20,668 | |||
Total non-interest income | 126 | 96 | |||
Non-interest expense | (10,698) | (8,460) | |||
Income from continuing operations before income taxes | 11,603 | 12,304 | |||
Income tax expense (benefit) | 2,755 | 2,830 | |||
Net income | 8,848 | 9,474 | |||
Debit and credit card interchange fees | 7 | 8 | |||
Success fees (2) | 0 | 0 | |||
Other income | 1 | 0 | |||
Total revenue from contracts with customers | 124 | 96 | |||
Revenues outside the scope of ASC 606 (3) | 2 | 0 | |||
Operating Segments [Member] | Public and Non-Profit Finance [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 0 | 0 | |||
Cash, Cash Equivalents and Investment Securities | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,659,200 | 1,635,600 | |||
Less: Allowance for credit losses | (16,200) | (13,700) | |||
Loans and Leases Receivable Including Held for Sale, Net | 1,643,000 | ||||
Loans, net | 1,621,900 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 12,000 | 18,300 | |||
Assets | 1,655,000 | 1,640,200 | |||
Deposits | 0 | 100 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 94,000 | 52,900 | |||
Total liabilities | 94,000 | 53,000 | |||
Stockholders' equity | 127,600 | 131,600 | |||
Liabilities and Equity | 221,600 | 184,600 | |||
Excess Funds Provided by (Used in) Segment Basis | (1,433,400) | (1,455,600) | |||
Net interest income | 1,911 | 3,423 | |||
Provision for Loan, Lease, and Other Losses | (1,062) | (41) | |||
Net interest income (loss) after provision for credit losses | 2,973 | 3,464 | |||
Total non-interest income | 0 | 0 | |||
Non-interest expense | (1,854) | (1,907) | |||
Income from continuing operations before income taxes | 1,119 | 1,557 | |||
Income tax expense (benefit) | 480 | 358 | |||
Net income | 639 | 1,199 | |||
Debit and credit card interchange fees | 0 | 0 | |||
Success fees (2) | 0 | 0 | |||
Other income | 0 | 0 | |||
Total revenue from contracts with customers | 0 | 0 | |||
Revenues outside the scope of ASC 606 (3) | 0 | 0 | |||
Operating Segments [Member] | Technology and Innovation [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 893 | 713 | |||
Cash, Cash Equivalents and Investment Securities | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,054,100 | 1,552,000 | |||
Less: Allowance for credit losses | (43,100) | (12,600) | |||
Loans and Leases Receivable Including Held for Sale, Net | 2,011,000 | ||||
Loans, net | 1,539,400 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 119,500 | 119,700 | |||
Other Assets Segment | 9,900 | 7,300 | |||
Assets | 2,140,400 | 1,666,400 | |||
Deposits | 4,154,500 | 3,771,500 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 200 | 100 | |||
Total liabilities | 4,154,700 | 3,771,600 | |||
Stockholders' equity | 371,800 | 317,500 | |||
Liabilities and Equity | 4,526,500 | 4,089,100 | |||
Excess Funds Provided by (Used in) Segment Basis | 2,386,100 | 2,422,700 | |||
Net interest income | 41,674 | 29,403 | |||
Provision for Loan, Lease, and Other Losses | 18,283 | (917) | |||
Net interest income (loss) after provision for credit losses | 23,391 | 30,320 | |||
Total non-interest income | 2,975 | 3,362 | |||
Non-interest expense | (13,275) | (11,889) | |||
Income from continuing operations before income taxes | 13,091 | 21,793 | |||
Income tax expense (benefit) | 2,916 | 5,012 | |||
Net income | 10,175 | 16,781 | |||
Debit and credit card interchange fees | 0 | 0 | |||
Success fees (2) | 0 | 435 | |||
Other income | 0 | 0 | |||
Total revenue from contracts with customers | 893 | 1,148 | |||
Revenues outside the scope of ASC 606 (3) | 2,082 | 2,214 | |||
Operating Segments [Member] | HFF Loan Portfolio [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 0 | 0 | |||
Cash, Cash Equivalents and Investment Securities | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,978,400 | 1,930,800 | |||
Less: Allowance for credit losses | (20,100) | (12,600) | |||
Loans and Leases Receivable Including Held for Sale, Net | 1,958,300 | ||||
Loans, net | 1,918,200 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 100 | 100 | |||
Other Assets Segment | 9,000 | 8,800 | |||
Assets | 1,967,400 | 1,927,100 | |||
Deposits | 0 | 0 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | (700) | 0 | |||
Total liabilities | (700) | 0 | |||
Stockholders' equity | 158,400 | 158,500 | |||
Liabilities and Equity | 157,700 | 158,500 | |||
Excess Funds Provided by (Used in) Segment Basis | (1,809,700) | (1,768,600) | |||
Net interest income | 13,477 | 12,944 | |||
Provision for Loan, Lease, and Other Losses | 5,829 | 799 | |||
Net interest income (loss) after provision for credit losses | 7,648 | 12,145 | |||
Total non-interest income | 0 | 0 | |||
Non-interest expense | (2,435) | (2,398) | |||
Income from continuing operations before income taxes | 5,213 | 9,747 | |||
Income tax expense (benefit) | 1,044 | 2,242 | |||
Net income | 4,169 | 7,505 | |||
Debit and credit card interchange fees | 0 | 0 | |||
Success fees (2) | 0 | 0 | |||
Other income | 0 | 0 | |||
Total revenue from contracts with customers | 0 | 0 | |||
Revenues outside the scope of ASC 606 (3) | 0 | 0 | |||
Operating Segments [Member] | Other National Business Lines [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 2 | 1 | |||
Cash, Cash Equivalents and Investment Securities | 17,200 | 10,100 | |||
Loans and Leases Receivable, Net of Deferred Income | 7,288,300 | 6,098,700 | |||
Less: Allowance for credit losses | (75,800) | (49,300) | |||
Loans and Leases Receivable Including Held for Sale, Net | 7,212,500 | ||||
Loans, net | 6,049,400 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 81,100 | 64,300 | |||
Assets | 7,310,800 | 6,123,800 | |||
Deposits | 51,100 | 36,900 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 24,200 | 2,800 | |||
Total liabilities | 75,300 | 39,700 | |||
Stockholders' equity | 575,000 | 494,300 | |||
Liabilities and Equity | 650,300 | 534,000 | |||
Excess Funds Provided by (Used in) Segment Basis | (6,660,500) | (5,589,800) | |||
Net interest income | 37,427 | 25,691 | |||
Provision for Loan, Lease, and Other Losses | 9,284 | 2,978 | |||
Net interest income (loss) after provision for credit losses | 28,143 | 22,713 | |||
Total non-interest income | 615 | 657 | |||
Non-interest expense | (11,898) | (9,336) | |||
Income from continuing operations before income taxes | 16,860 | 14,034 | |||
Income tax expense (benefit) | 3,669 | 3,228 | |||
Net income | 13,191 | 10,806 | |||
Debit and credit card interchange fees | 0 | 0 | |||
Success fees (2) | 0 | 0 | |||
Other income | 49 | 38 | |||
Total revenue from contracts with customers | 51 | 39 | |||
Revenues outside the scope of ASC 606 (3) | 564 | 618 | |||
Corporate & Other | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 0 | 0 | |||
Cash, Cash Equivalents and Investment Securities | 4,735,100 | 4,445,800 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,500 | 3,500 | |||
Less: Allowance for credit losses | 0 | 0 | |||
Loans and Leases Receivable Including Held for Sale, Net | 3,500 | ||||
Loans, net | 3,500 | ||||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 895,200 | 841,000 | |||
Assets | 5,633,800 | 5,290,300 | |||
Deposits | 774,500 | 1,084,200 | |||
Other borrowings | 697,900 | 393,600 | |||
Other Liabilities Segment | 456,200 | 510,700 | |||
Total liabilities | 1,928,600 | 1,988,500 | |||
Stockholders' equity | 278,200 | 509,900 | |||
Liabilities and Equity | 2,206,800 | 2,498,400 | |||
Excess Funds Provided by (Used in) Segment Basis | (3,427,000) | (2,791,900) | |||
Net interest income | (15,179) | 7,402 | |||
Provision for Loan, Lease, and Other Losses | 335 | 1,036 | |||
Net interest income (loss) after provision for credit losses | (15,514) | 6,366 | |||
Total non-interest income | (6,693) | 3,980 | |||
Non-interest expense | (12,249) | (11,786) | |||
Income from continuing operations before income taxes | (34,456) | (1,440) | |||
Income tax expense (benefit) | (13,913) | (10,063) | |||
Net income | (20,543) | 8,623 | |||
Debit and credit card interchange fees | 0 | 0 | |||
Success fees (2) | 0 | 0 | |||
Other income | 12 | 14 | |||
Total revenue from contracts with customers | 12 | 14 | |||
Revenues outside the scope of ASC 606 (3) | (6,705) | 3,966 | |||
Reportable Geographical Components [Member] | ARIZONA | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 1,262 | 1,079 | |||
Cash, Cash Equivalents and Investment Securities | 2,000 | 1,800 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,960,300 | 3,847,900 | |||
Less: Allowance for credit losses | (28,900) | (31,600) | |||
Loans, net | 3,931,400 | 3,816,300 | |||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 54,200 | 48,600 | |||
Assets | 3,987,600 | 3,866,700 | |||
Deposits | 6,529,500 | 5,384,700 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 23,000 | 17,800 | |||
Total liabilities | 6,552,500 | 5,402,500 | |||
Stockholders' equity | 495,800 | 453,600 | |||
Liabilities and Equity | 7,048,300 | 5,856,100 | |||
Excess Funds Provided by (Used in) Segment Basis | 3,060,700 | 1,989,400 | |||
Net interest income | 65,404 | 55,226 | |||
Provision for Loan, Lease, and Other Losses | 6,571 | 161 | |||
Net interest income (loss) after provision for credit losses | 58,833 | 55,065 | |||
Total non-interest income | 1,684 | 1,521 | |||
Non-interest expense | (23,870) | (22,248) | |||
Income from continuing operations before income taxes | 36,647 | 34,338 | |||
Income tax expense (benefit) | 9,032 | 8,584 | |||
Net income | 27,615 | 25,754 | |||
Debit and credit card interchange fees | 321 | 337 | |||
Success fees (2) | 0 | 0 | |||
Other income | 5 | 9 | |||
Total revenue from contracts with customers | 1,588 | 1,425 | |||
Revenues outside the scope of ASC 606 (3) | 96 | 96 | |||
Reportable Geographical Components [Member] | NEVADA | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 2,181 | 1,915 | |||
Cash, Cash Equivalents and Investment Securities | 13,100 | 9,000 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,296,500 | 2,252,500 | |||
Less: Allowance for credit losses | (20,300) | (18,000) | |||
Loans, net | 2,276,200 | 2,234,500 | |||
Other Repossessed Assets | 9,300 | 13,000 | |||
Goodwill and intangible assets, net | 23,200 | 23,200 | |||
Other Assets Segment | 53,400 | 59,400 | |||
Assets | 2,375,200 | 2,339,100 | |||
Deposits | 4,245,200 | 4,350,100 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 12,600 | 11,900 | |||
Total liabilities | 4,257,800 | 4,362,000 | |||
Stockholders' equity | 305,300 | 301,000 | |||
Liabilities and Equity | 4,563,100 | 4,663,000 | |||
Excess Funds Provided by (Used in) Segment Basis | 2,187,900 | 2,323,900 | |||
Net interest income | 43,147 | 39,096 | |||
Provision for Loan, Lease, and Other Losses | 3,684 | 533 | |||
Net interest income (loss) after provision for credit losses | 39,463 | 38,563 | |||
Total non-interest income | 2,818 | 2,573 | |||
Non-interest expense | (15,100) | (15,781) | |||
Income from continuing operations before income taxes | 27,181 | 25,355 | |||
Income tax expense (benefit) | 5,649 | 5,325 | |||
Net income | 21,532 | 20,030 | |||
Debit and credit card interchange fees | 261 | 376 | |||
Success fees (2) | 0 | 0 | |||
Other income | 6 | 23 | |||
Total revenue from contracts with customers | 2,448 | 2,314 | |||
Revenues outside the scope of ASC 606 (3) | 370 | 259 | |||
Reportable Geographical Components [Member] | Southern California [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 918 | 726 | |||
Cash, Cash Equivalents and Investment Securities | 2,000 | 2,300 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,263,200 | 2,253,900 | |||
Less: Allowance for credit losses | (13,600) | (18,300) | |||
Loans, net | 2,249,600 | 2,235,600 | |||
Other Repossessed Assets | 1,300 | 900 | |||
Goodwill and intangible assets, net | 0 | 0 | |||
Other Assets Segment | 14,400 | 15,000 | |||
Assets | 2,267,300 | 2,253,800 | |||
Deposits | 3,027,600 | 2,585,300 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 2,600 | 1,200 | |||
Total liabilities | 3,030,200 | 2,586,500 | |||
Stockholders' equity | 260,800 | 253,300 | |||
Liabilities and Equity | 3,291,000 | 2,839,800 | |||
Excess Funds Provided by (Used in) Segment Basis | 1,023,700 | 586,000 | |||
Net interest income | 32,390 | 30,477 | |||
Provision for Loan, Lease, and Other Losses | 3,249 | 733 | |||
Net interest income (loss) after provision for credit losses | 29,141 | 29,744 | |||
Total non-interest income | 1,193 | 1,001 | |||
Non-interest expense | (15,434) | (14,583) | |||
Income from continuing operations before income taxes | 14,900 | 16,162 | |||
Income tax expense (benefit) | 4,031 | 4,525 | |||
Net income | 10,869 | 11,637 | |||
Debit and credit card interchange fees | 136 | 173 | |||
Success fees (2) | 0 | 0 | |||
Other income | (4) | 9 | |||
Total revenue from contracts with customers | 1,050 | 908 | |||
Revenues outside the scope of ASC 606 (3) | 143 | 93 | |||
Reportable Geographical Components [Member] | Northern California [Member] | |||||
Operating Statistics [Line Items] | |||||
Service charges and fees | 1,032 | 890 | |||
Cash, Cash Equivalents and Investment Securities | 1,600 | 2,200 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,429,200 | 1,311,200 | |||
Less: Allowance for credit losses | (12,100) | (9,700) | |||
Loans, net | 1,417,100 | 1,301,500 | |||
Other Repossessed Assets | 0 | 0 | |||
Goodwill and intangible assets, net | 154,400 | 154,600 | |||
Other Assets Segment | 14,800 | 19,800 | |||
Assets | 1,587,900 | 1,478,100 | |||
Deposits | 2,508,700 | 2,373,600 | |||
Other borrowings | 0 | 0 | |||
Other Liabilities Segment | 16,200 | 15,900 | |||
Total liabilities | 2,524,900 | 2,389,500 | |||
Stockholders' equity | 327,800 | 312,500 | |||
Liabilities and Equity | 2,852,700 | 2,702,000 | |||
Excess Funds Provided by (Used in) Segment Basis | 1,264,800 | $ 1,223,900 | |||
Net interest income | 25,886 | 23,033 | |||
Provision for Loan, Lease, and Other Losses | 4,295 | (719) | |||
Net interest income (loss) after provision for credit losses | 21,591 | 23,752 | |||
Total non-interest income | 2,391 | 2,220 | |||
Non-interest expense | (13,668) | (13,490) | |||
Income from continuing operations before income taxes | 10,314 | 12,482 | |||
Income tax expense (benefit) | 2,845 | 3,495 | |||
Net income | 7,469 | 8,987 | |||
Debit and credit card interchange fees | 686 | 971 | |||
Success fees (2) | 135 | 0 | |||
Other income | 26 | 26 | |||
Total revenue from contracts with customers | 1,879 | 1,887 | |||
Revenues outside the scope of ASC 606 (3) | $ 512 | $ 333 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | $ 6,404 | $ 5,412 | |
Accounts Receivable, after Allowance for Credit Loss | 1,700 | $ 1,600 | |
Debit and credit card interchange fees | 1,411 | 1,865 | |
Success fees (2) | 135 | 435 | |
Other income | 95 | 119 | |
Total revenue from contracts with customers | 8,045 | 7,831 | |
Revenues outside the scope of ASC 606 (3) | (2,936) | 7,579 | |
Total non-interest income | 5,109 | 15,410 | |
Operating Segments [Member] | HOA Services [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 116 | 88 | |
Debit and credit card interchange fees | 7 | 8 | |
Success fees (2) | 0 | 0 | |
Other income | 1 | 0 | |
Total revenue from contracts with customers | 124 | 96 | |
Revenues outside the scope of ASC 606 (3) | 2 | 0 | |
Total non-interest income | 126 | 96 | |
Operating Segments [Member] | Public and Non-Profit Finance [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 0 | 0 | |
Debit and credit card interchange fees | 0 | 0 | |
Success fees (2) | 0 | 0 | |
Other income | 0 | 0 | |
Total revenue from contracts with customers | 0 | 0 | |
Revenues outside the scope of ASC 606 (3) | 0 | 0 | |
Total non-interest income | 0 | 0 | |
Operating Segments [Member] | Technology and Innovation [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 893 | 713 | |
Debit and credit card interchange fees | 0 | 0 | |
Success fees (2) | 0 | 435 | |
Other income | 0 | 0 | |
Total revenue from contracts with customers | 893 | 1,148 | |
Revenues outside the scope of ASC 606 (3) | 2,082 | 2,214 | |
Total non-interest income | 2,975 | 3,362 | |
Operating Segments [Member] | HFF Loan Portfolio [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 0 | 0 | |
Debit and credit card interchange fees | 0 | 0 | |
Success fees (2) | 0 | 0 | |
Other income | 0 | 0 | |
Total revenue from contracts with customers | 0 | 0 | |
Revenues outside the scope of ASC 606 (3) | 0 | 0 | |
Total non-interest income | 0 | 0 | |
Operating Segments [Member] | Other National Business Lines [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 2 | 1 | |
Debit and credit card interchange fees | 0 | 0 | |
Success fees (2) | 0 | 0 | |
Other income | 49 | 38 | |
Total revenue from contracts with customers | 51 | 39 | |
Revenues outside the scope of ASC 606 (3) | 564 | 618 | |
Total non-interest income | 615 | 657 | |
Reportable Geographical Components [Member] | ARIZONA | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 1,262 | 1,079 | |
Debit and credit card interchange fees | 321 | 337 | |
Success fees (2) | 0 | 0 | |
Other income | 5 | 9 | |
Total revenue from contracts with customers | 1,588 | 1,425 | |
Revenues outside the scope of ASC 606 (3) | 96 | 96 | |
Total non-interest income | 1,684 | 1,521 | |
Reportable Geographical Components [Member] | NEVADA | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 2,181 | 1,915 | |
Debit and credit card interchange fees | 261 | 376 | |
Success fees (2) | 0 | 0 | |
Other income | 6 | 23 | |
Total revenue from contracts with customers | 2,448 | 2,314 | |
Revenues outside the scope of ASC 606 (3) | 370 | 259 | |
Total non-interest income | 2,818 | 2,573 | |
Reportable Geographical Components [Member] | Southern California [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 918 | 726 | |
Debit and credit card interchange fees | 136 | 173 | |
Success fees (2) | 0 | 0 | |
Other income | (4) | 9 | |
Total revenue from contracts with customers | 1,050 | 908 | |
Revenues outside the scope of ASC 606 (3) | 143 | 93 | |
Total non-interest income | 1,193 | 1,001 | |
Reportable Geographical Components [Member] | Northern California [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 1,032 | 890 | |
Debit and credit card interchange fees | 686 | 971 | |
Success fees (2) | 135 | 0 | |
Other income | 26 | 26 | |
Total revenue from contracts with customers | 1,879 | 1,887 | |
Revenues outside the scope of ASC 606 (3) | 512 | 333 | |
Total non-interest income | 2,391 | 2,220 | |
Corporate & Other | |||
Disaggregation of Revenue [Line Items] | |||
Service charges and fees | 0 | 0 | |
Debit and credit card interchange fees | 0 | 0 | |
Success fees (2) | 0 | 0 | |
Other income | 12 | 14 | |
Total revenue from contracts with customers | 12 | 14 | |
Revenues outside the scope of ASC 606 (3) | (6,705) | 3,966 | |
Total non-interest income | $ (6,693) | $ 3,980 |
Uncategorized Items - wal331202
Label | Element | Value |
Retained Earnings [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 1,655,370,000 |
Treasury Stock [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | (62,728,000) |
Common Stock [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 10,000 |
Shares, Issued | us-gaap_SharesIssued | 102,524,000 |
Additional Paid-in Capital [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 1,374,141,000 |
AOCI Attributable to Parent [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 25,008,000 |