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Loans and Lease Finance Receivables and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Summary of Components of Loans and Lease Finance Receivables, Excluding PCI Loans

The following table provides a summary of total loans and lease finance receivables, excluding PCI loans, by type.

		March 31, 2016					December 31, 2015
		(Dollars in thousands)
Commercial and industrial			$	466,961				$	434,099
SBA				113,703					106,867
Real estate:
Commercial real estate				2,819,119					2,643,184
Construction				89,648					68,563
SFR mortgage				232,965					233,754
Dairy & livestock and agribusiness				227,710					305,509
Municipal lease finance receivables				73,098					74,135
Consumer and other loans				76,103					69,278
Gross loans, excluding PCI loans				4,099,307					3,935,389
Less: Deferred loan fees, net				(7,748)					(8,292)
Gross loans, excluding PCI loans, net of deferred loan fees				4,091,559					3,927,097
Less: Allowance for loan losses				(59,336)					(59,156)
Net loans, excluding PCI loans				4,032,223					3,867,941
PCI Loans				84,960					93,712
Discount on PCI loans				(3,110)					(3,872)
PCI loans, net				81,850					89,840
Total loans and lease finance receivables			$	4,114,073				$	3,957,781

Summary of Loan, Excluding PCI Loans by Internal Risk Ratings

The following table summarizes each type of loans, excluding PCI loans, according to our internal risk ratings for the periods presented.

		March 31, 2016
		Pass				Special Mention				Substandard				Doubtful &  Loss				Total
		(Dollars in thousands)
Commercial and industrial		$	428,824			$	30,887			$	7,211			$	39			$	466,961
SBA			94,609				12,729				6,127				238				113,703
Real estate:
Commercial real estate
Owner occupied			810,362				80,555				10,831				-				901,748
Non-owner occupied			1,861,506				22,715				33,150				-				1,917,371
Construction
Speculative			48,091				-				7,651				-				55,742
Non-speculative			33,906				-				-				-				33,906
SFR mortgage			226,444				3,535				2,986				-				232,965
Dairy & livestock and agribusiness			173,056				48,009				6,645				-				227,710
Municipal lease finance receivables			68,157				4,941				-				-				73,098
Consumer and other loans			71,424				1,839				2,753				87				76,103
Total gross loans, excluding PCI loans		$	3,816,379			$	205,210			$	77,354			$	364			$	4,099,307
		December 31, 2015
		Pass				Special Mention				Substandard				Doubtful & Loss				Total
		(Dollars in thousands)
Commercial and industrial		$	398,651			$	33,000			$	2,403			$	45			$	434,099
SBA			87,441				13,169				4,854				1,403				106,867
Real estate:
Commercial real estate
Owner occupied			772,114				54,758				11,481				-				838,353
Non-owner occupied			1,741,615				26,170				37,046				-				1,804,831
Construction
Speculative			38,186				-				7,651				-				45,837
Non-speculative			22,726				-				-				-				22,726
SFR mortgage			227,207				3,556				2,991				-				233,754
Dairy & livestock and agribusiness			285,647				19,862				-				-				305,509
Municipal lease finance receivables			69,194				4,941				-				-				74,135
Consumer and other loans			64,844				1,618				2,708				108				69,278
Total gross loans, excluding PCI loans		$	3,707,625			$	157,074			$	69,134			$	1,556			$	3,935,389

Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans, Excluding PCI Loans by Portfolio Type

The following tables present the balance and activity related to the allowance for loan losses for held-for-investment loans, excluding PCI loans, by portfolio segment for the periods presented.

		For the Three Months Ended March 31, 2016
		Ending Balance  December 31,  2015				Charge-offs				Recoveries				Provision for Loan Losses				Ending Balance   March 31,   2016
		(Dollars in thousands)
Commercial and industrial		$	8,588			$	(61)			$	63			$	141			$	8,731
SBA			993				-				1				242				1,236
Real estate:
Commercial real estate			36,995				-				139				1,152				38,286
Construction			2,389				-				9				(1,247)				1,151
SFR mortgage			2,103				(102)				-				201				2,202
Dairy & livestock and agribusiness			6,029				-				99				(952)				5,176
Municipal lease finance receivables			1,153				-				-				12				1,165
Consumer and other loans			906				-				32				451				1,389
Unallocated (1)			-				-				-				-				-
Total allowance for loan losses		$	59,156			$	(163)			$	343			$	-			$	59,336
		For the Three Months Ended March 31, 2015
		Ending Balance December 31, 2014				Charge-offs				Recoveries				Provision for Loan Losses				Ending Balance March 31, 2015
		(Dollars in thousands)
Commercial and industrial		$	7,074			$	(134)			$	35			$	527			$	7,502
SBA			2,557				(33)				34				(362)				2,196
Real estate:
Commercial real estate			33,373				-				857				618				34,848
Construction			988				-				9				46				1,043
SFR mortgage			2,344				-				185				(104)				2,425
Dairy & livestock and agribusiness			5,479				-				99				(1,832)				3,746
Municipal lease finance receivables			1,412				-				-				(382)				1,030
Consumer and other loans			1,262				(177)				9				(269)				825
Unallocated (1)			5,336				-				-				1,758				7,094
Total allowance for loan losses		$	59,825			$	(344)			$	1,228			$	-			$	60,709

(1) Based upon changes to our ALLL methodology, as described in Note 3 — Summary of Significant Accounting Policies of the 2015 Annual Report on Form 10-K for the year ended December 31, 2015, beginning with the fourth quarter of 2015 and coinciding with the implementation of the new ALLL methodology, the Bank’s previous “unallocated reserve” was absorbed into the qualitative component of the allowance.

Schedule of Recorded Investment in Loans Held-for-Investment, Excluding PCI Loans, and Related Allowance for Loan Losses by Portfolio Segment

The following tables present the recorded investment in loans held-for-investment, excluding PCI loans, and the related allowance for loan losses by portfolio segment, based on the Company’s methodology for determining the allowance for loan losses for the periods presented.

		March 31, 2016
		Recorded Investment in Loans								Allowance for Loan Losses
		Individually   Evaluated for   Impairment				Collectively   Evaluated for   Impairment				Individually   Evaluated for   Impairment				Collectively   Evaluated for   Impairment
		(Dollars in thousands)
Commercial and industrial		$	1,477			$	465,484			$	575			$	8,156
SBA			3,304				110,399				55				1,181
Real estate:
Commercial real estate			35,577				2,783,542				-				38,286
Construction			7,651				81,997				48				1,103
SFR mortgage			5,874				227,091				16				2,186
Dairy & livestock and agribusiness			714				226,996				-				5,176
Municipal lease finance receivables			-				73,098				-				1,165
Consumer and other loans			868				75,235				-				1,389
Unallocated (1)			-				-				-				-
Total		$	55,465			$	4,043,842			$	694			$	58,642
		March 31, 2015
		Recorded Investment in Loans								Allowance for Loan Losses
		Individually   Evaluated for   Impairment				Collectively   Evaluated for   Impairment				Individually   Evaluated for   Impairment				Collectively   Evaluated for   Impairment
		(Dollars in thousands)
Commercial and industrial		$	1,611			$	401,989			$	592			$	6,910
SBA			3,158				123,227				42				2,154
Real estate:
Commercial real estate			41,886				2,457,297				154				34,694
Construction			7,651				47,695				-				1,043
SFR mortgage			5,913				199,219				-				2,425
Dairy & livestock and agribusiness			7,277				166,164				-				3,746
Municipal lease finance receivables			-				76,220				-				1,030
Consumer and other loans			881				69,868				6				819
Unallocated (1)			-				-				-				7,094
Total		$	68,377			$	3,541,679			$	794			$	59,915

(1) Based upon changes to our ALLL methodology, as described in Note 3 — Summary of Significant Accounting Policies of the 2015 Annual Report on Form 10-K for the year ended December 31, 2015, beginning with the fourth quarter of 2015 and coinciding with the implementation of the new ALLL methodology, the Bank’s previous “unallocated reserve” was absorbed into the qualitative component of the allowance.

Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Excluding PCI Loans by Class of Loans

The following tables present the recorded investment in, and the aging of, past due and nonaccrual loans, excluding PCI loans, by type of loans for the periods presented.

		March 31, 2016
		30-59 Days  Past Due				60-89 Days  Past Due				Total Past  Due and Accruing				Nonaccrual (1)				Current				Total Loans  and Financing  Receivables
		(Dollars in thousands)
Commercial and industrial		$	111			$	-			$	111			$	622			$	466,228				466,961
SBA			-				-				-				2,435				111,268				113,703
Real estate:
Commercial real estate
Owner occupied			-				-				-				2,086				899,662				901,748
Non-owner occupied			-				-				-				9,996				1,907,375				1,917,371
Construction
Speculative (2)			-				-				-				-				55,742				55,742
Non-speculative			-				-				-				-				33,906				33,906
SFR mortgage			625				-				625				2,549				229,791				232,965
Dairy & livestock and agribusiness			-				-				-				-				227,710				227,710
Municipal lease finance receivables			-				-				-				-				73,098				73,098
Consumer and other loans			47				117				164				456				75,483				76,103
Total gross loans, excluding PCI Loans		$	783			$	117			$	900			$	18,144			$	4,080,263			$	4,099,307

(1) As of March 31, 2016, $16.1 million of nonaccruing loans were current, $20,000 were 30-59 days past due, $836,000 were 60-89 days past due and $1.2 million were 90+ days past due.

(2) Speculative construction loans are generally for properties where there is no identified buyer or renter.

		December 31, 2015
		30-59 Days  Past Due				60-89 Days  Past Due				Total Past  Due and Accruing				Nonaccrual   (1)				Current				Total Loans  and Financing  Receivables
										(Dollars in thousands)
Commercial and industrial		$	-			$	-			$	-			$	704			$	433,395			$	434,099
SBA			-				-				-				2,567				104,300				106,867
Real estate:
Commercial real estate
Owner occupied			-				-				-				4,174				834,179				838,353
Non-owner occupied			354				-				354				10,367				1,794,110				1,804,831
Construction
Speculative (2)			-				-				-				-				45,837				45,837
Non-speculative			-				-				-				-				22,726				22,726
SFR mortgage			1,082				-				1,082				2,688				229,984				233,754
Dairy & livestock and agribusiness			-				-				-				-				305,509				305,509
Municipal lease finance receivables			-				-				-				-				74,135				74,135
Consumer and other loans			-				-				-				519				68,759				69,278
Total gross loans, excluding PCI Loans		$	1,436			$	-			$	1,436			$	21,019			$	3,912,934			$	3,935,389

(1) As of December 31, 2015, $7.9 million of nonaccruing loans were current, $456,000 were 30-59 days past due, $9.1 million were 60-89 days past due and $3.5 million were 90+ days past due.

(2) Speculative construction loans are generally for properties where there is no identified buyer or renter.

Schedule of Held-for-Investment Loans, Excluding PCI Loans, Individually Evaluated for Impairment by Class of Loans

The following tables present information for held-for-investment loans, excluding PCI loans, individually evaluated for impairment by type of loans, as and for the periods presented.

		As of and For the Three Months Ended March 31, 2016
		Recorded   Investment				Unpaid   Principal   Balance				Related   Allowance				Average Recorded   Investment				Interest Income   Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	805			$	1,677			$	-			$	831			$	7
SBA			3,050				3,765				-				3,089				13
Real estate:
Commercial real estate
Owner occupied			5,315				6,507				-				5,095				51
Non-owner occupied			30,262				33,368				-				30,400				343
Construction
Speculative			-				-				-				-				-
Non-speculative			-				-				-				-				-
SFR mortgage			5,499				6,406				-				5,512				27
Dairy & livestock and agribusiness			714				714				-				710				8
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			868				1,420				-				888				4
Total			46,513				53,857				-				46,525				453
With a related allowance recorded:
Commercial and industrial			672				741				575				687				3
SBA			254				274				55				254				2
Real estate:
Commercial real estate
Owner occupied			-				-				-				-				-
Non-owner occupied			-				-				-				-				-
Construction
Speculative			7,651				7,651				48				7,651				97
Non-speculative			-				-				-				-				-
SFR mortgage			375				426				16				515				2
Dairy & livestock and agribusiness			-				-				-				-				-
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			-				-				-				-				-
Total			8,952				9,092				694				9,107				104
Total impaired loans		$	55,465			$	62,949			$	694			$	55,632			$	557

		As of and For the Three Months Ended March 31, 2015
		Recorded   Investment				Unpaid     Principal     Balance				Related    Allowance				Average Recorded   Investment				Interest Income   Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	1,004			$	1,819			$	-			$	1,017			$	8
SBA			3,117				3,667				-				3,177				13
Real estate:
Commercial real estate
Owner occupied			6,117				7,167				-				6,185				64
Non-owner occupied			34,808				42,718				-				35,194				350
Construction
Speculative			7,651				7,651				-				7,651				96
Non-speculative			-				-				-				-				-
SFR mortgage			5,913				6,642				-				5,940				27
Dairy & livestock and agribusiness			7,277				8,991				-				7,533				85
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			783				1,289				-				836				4
Total			66,670				79,944				-				67,533				647
With a related allowance recorded:
Commercial and industrial			607				680				592				617				-
SBA			41				54				42				45				-
Real estate:
Commercial real estate
Owner occupied			-				-				-				-				-
Non-owner occupied			961				1,278				154				973				-
Construction
Speculative			-				-				-				-				-
Non-speculative			-				-				-				-				-
SFR mortgage			-				-				-				-				-
Dairy & livestock and agribusiness			-				-				-				-				-
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			98				107				6				99				-
Total			1,707				2,119				794				1,734				-
Total impaired loans		$	68,377			$	82,063			$	794			$	69,267			$	647

		As of December 31, 2015
		Recorded   Investment				Unpaid     Principal     Balance				Related   Allowance
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	1,017			$	1,894			$	-
SBA			3,207				3,877				-
Real estate:
Commercial real estate
Owner occupied			6,252				7,445				-
Non-owner occupied			34,041				37,177				-
Construction
Speculative			-				-				-
Non-speculative			-				-				-
SFR mortgage			5,665				6,453				-
Dairy & livestock and agribusiness			3,685				3,684				-
Municipal lease finance receivables			-				-				-
Consumer and other loans			890				1,454				-
Total			54,757				61,984				-
With a related allowance recorded:
Commercial and industrial			626				695				626
SBA			41				47				10
Real estate:
Commercial real estate
Owner occupied			-				-				-
Non-owner occupied			-				-				-
Construction
Speculative			7,651				7,651				13
Non-speculative			-				-				-
SFR mortgage			588				640				20
Dairy & livestock and agribusiness			-				-				-
Municipal lease finance receivables			-				-				-
Consumer and other loans			43				45				-
Total			8,949				9,078				669
Total impaired loans		$	63,706			$	71,062			$	669

Summary of Activity Related to Troubled Debt Restructurings

The following table provides a summary of the activity related to TDRs for the periods presented.

				For the Three Months Ended       March 31,
				2016				2015
				(Dollars in thousands)
Performing TDRs:
Beginning balance				$	42,687			$	53,589
New modifications					1,006				-
Payoffs and payments, net					(6,372)				(8,729)
TDRs returned to accrual status					-				516
TDRs placed on nonaccrual status					-				-
Ending balance				$	37,321			$	45,376
Nonperforming TDRs:
Beginning balance				$	12,622			$	20,285
New modifications					82				-
Charge-offs					(38)				-
Payoffs and payments, net					(306)				(2,995)
TDRs returned to accrual status					-				(516)
TDRs placed on nonaccrual status					-				-
Ending balance				$	12,360			$	16,774
Total TDRs				$	49,681			$	62,150

Summary of Loans Modified as Troubled Debt Restructurings

The following tables summarize loans modified as troubled debt restructurings for the periods presented.

Modifications (1)

		For the Three Months Ended March 31, 2016
		Number of  Loans				Pre-Modification   Outstanding Recorded Investment				Post-Modification   Outstanding Recorded Investment				Outstanding Recorded Investment at   March 31, 2016				Financial Effect Resulting From     Modifications (2)
		(Dollars in thousands)
SBA:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			1				194				194				193				28
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			2				812				812				778				-
Non-owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Consumer:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			2				82				82				75				-
Total loans			5			$	1,088			$	1,088			$	1,046			$	28
		For the Three Months Ended March 31, 2015
		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Outstanding Recorded Investment at March 31, 2015				Financial Effect Resulting From Modifications (2)
		(Dollars in thousands)
SBA:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Non-owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Consumer:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Total loans			-			$	-			$	-			$	-			$	-

(1) The tables above exclude modified loans that were paid off prior to the end of the period.

(2) Financial effects resulting from modifications represent charge-offs and specific allowance recorded at modification date.

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
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Tabular disclosure of financing receivables and troubled debt restructurings.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953676-111524

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-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
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