Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2018

The following tables provide additional information regarding the Company’s allowance for losses on non-covered loans and covered loans, based upon the method of evaluating loan impairment:

(in thousands)	Mortgage		Other		Total
Allowance for Loan Losses at December 31, 2018:
Loans collectively evaluated for impairment	$	130,983	$	28,837	$	159,820

(in thousands)	Mortgage		Other		Total
Allowance for Loan Losses at December 31, 2017:
Loans collectively evaluated for impairment	$	128,275	$	29,771	$	158,046

Additional Information Regarding Methods Used to Evaluate Loan Portfolio for Impairment

The following tables provide additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment:

(in thousands)	Mortgage		Other		Total
Loans Receivable at December 31, 2018:
Loans individually evaluated for impairment	$	15,794	$	36,375	$	52,169
Loans collectively evaluated for impairment		37,720,923		2,360,769		40,081,692
Total	$	37,736,717	$	2,397,144	$	40,133,861

(in thousands)	Mortgage		Other		Total
Loans Receivable at December 31, 2017:
Loans individually evaluated for impairment	$	31,747	$	48,810	$	80,557
Loans collectively evaluated for impairment		36,278,241		2,000,224		38,278,465
Total	$	36,309,988	$	2,049,034	$	38,359,022

Additional Information Regarding Impaired Non-Covered Loans

The following table presents additional information about the Company’s impaired loans at December 31, 2018:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	4,220	$	7,168	$	—	$	6,114	$	340
Commercial real estate		2,256		7,371		—		3,234		—
One-to-four family		1,022		1,076		—		1,576		26
Acquisition, development, and construction		8,296		9,197		—		9,238		590
Other		36,375		101,701		—		42,984		3,057
Total impaired loans with no related allowance	$	52,169	$	126,513	$	—	$	63,146	$	4,013
Impaired loans with an allowance recorded:
Multi-family	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		—		—		—		—		—
Other		—		—		—		20		—
Total impaired loans with an allowance recorded	$	—	$	—	$	—	$	20	$	—
Total impaired loans:
Multi-family	$	4,220	$	7,168	$	—	$	6,114	$	340
Commercial real estate		2,256		7,371		—		3,234		—
One-to-four family		1,022		1,076		—		1,576		26
Acquisition, development, and construction		8,296		9,197		—		9,238		590
Other		36,375		101,701		—		43,004		3,057
Total impaired loans	$	52,169	$	126,513	$	—	$	63,166	$	4,013

The following table presents additional information about the Company’s impaired loans at December 31, 2017:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	8,892	$	11,470	$	—	$	9,554	$	495
Commercial real estate		5,137		10,252		—		3,522		92
One-to-four family		1,966		2,072		—		2,489		50
Acquisition, development, and construction		15,752		25,952		—		10,976		575
Other		48,810		104,901		—		43,074		2,200
Total impaired loans with no related allowance	$	80,557	$	154,647	$	—	$	69,615	$	3,412
Impaired loans with an allowance recorded:
Multi-family	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		—		—		—		—		—
Other		—		—		—		314		—
Total impaired loans with an allowance recorded	$	—	$	—	$	—	$	314	$	—
Total impaired loans:
Multi-family	$	8,892	$	11,470	$	—	$	9,554	$	495
Commercial real estate		5,137		10,252		—		3,522		92
One-to-four family		1,966		2,072		—		2,489		50
Acquisition, development, and construction		15,752		25,952		—		10,976		575
Other		48,810		104,901		—		43,388		2,200
Total impaired loans	$	80,557	$	154,647	$	—	$	69,929	$	3,412

Non-Covered Loans

Activity in Allowance for Loan Losses

The following table summarizes activity in the allowance for loan losses for the periods indicated:

	For the Twelve Months Ended December 31,
	2018									2017
(in thousands)	Mortgage			Other			Total			Mortgage			Other			Total
Balance, beginning of period	$	128,275		$	29,771		$	158,046		$	125,416		$	32,874		$	158,290
Charge-offs		(5,445	)		(12,897	)		(18,342	)		(375	)		(62,975	)		(63,350	)
Recoveries		264			1,596			1,860			605			1,558			2,163
Provision for non-covered loan losses		7,889			10,367			18,256			2,629			58,314			60,943
Balance, end of period	$	130,983		$	28,837		$	159,820		$	128,275		$	29,771		$	158,046