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LOANS AND LEASES AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Loans and Leases Receivable

The following table presents the balances in the Company’s loans and leases portfolio as of the dates indicated:

($ in thousands)		NTM Loans				Traditional Loans and Leases				Total Loans and Leases Receivable
March 31, 2018
Commercial:
Commercial and industrial		$	—			$	1,638,559			$	1,638,559
Commercial real estate		—				773,193				773,193
Multifamily		—				1,944,082				1,944,082
SBA		—				79,022				79,022
Construction		—				200,766				200,766
Lease financing		—				3				3
Consumer:
Single family residential mortgage		843,255				1,358,103				2,201,358
Other consumer		3,545				89,979				93,524
Total loans and leases		$	846,800			$	6,083,707			$	6,930,507
Allowance for loan and lease losses										(54,763		)
Loans and leases receivable, net										$	6,875,744
December 31, 2017
Commercial:
Commercial and industrial		$	—			$	1,701,951			$	1,701,951
Commercial real estate		—				717,415				717,415
Multifamily		—				1,816,141				1,816,141
SBA		—				78,699				78,699
Construction		—				182,960				182,960
Lease financing		—				13				13
Consumer:
Single family residential mortgage		803,355				1,252,294				2,055,649
Other consumer		3,578				103,001				106,579
Total loans and leases		$	806,933			$	5,852,474			$	6,659,407
Allowance for loan and lease losses										(49,333		)
Loans and leases receivable, net										$	6,610,074

Non Traditional Mortgages Portfolio

The following table presents the composition of the NTM portfolio as of the dates indicated:

		March 31, 2018										December 31, 2017
($ in thousands)		Count			Amount				Percent			Count			Amount				Percent
Green Loans (HELOC) - first liens		99			$	79,248			9.4	%		101			$	82,197			10.2	%
Interest-only - first liens		499			760,370				89.8	%		468			717,484				88.9	%
Negative amortization		11			3,637				0.4	%		11			3,674				0.5	%
Total NTM - first liens		609			843,255				99.6	%		580			803,355				99.6	%
Green Loans (HELOC) - second liens		12			3,545				0.4	%		12			3,578				0.4	%
Total NTM - second liens		12			3,545				0.4	%		12			3,578				0.4	%
Total NTM loans		621			$	846,800			100.0	%		592			$	806,933			100.0	%
Total loans and leases					$	6,930,507									$	6,659,407
% of NTM to total loans and leases					12.2		%								12.1		%

Allowance for Loan and Lease Losses and Recorded Investment, Excluding Accrued Interest, in Loans

The following table presents a summary of activity in the ALLL for the periods indicated:

		Three Months Ended March 31,
($ in thousands)		2018				2017
Balance at beginning of period		$	49,333			$	40,444
Loans and leases charged off		(14,639		)		(357		)
Recoveries of loans and leases previously charged off		570				66
Provision for loan and lease losses		19,499				2,583
Balance at end of period		$	54,763			$	42,736

The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans and leases based on the impairment methodology as of or for the three months ended March 31, 2018:

($ in thousands)		Commercial and Industrial				Commercial Real Estate				Multifamily				SBA				Construction				Lease Financing				Single Family Residential Mortgage				Other Consumer				Total
ALLL:
Balance at December 31, 2017		$	14,280			$	4,971			$	13,265			$	1,701			$	3,318			$	—			$	10,996			$	802			$	49,333
Charge-offs		(71		)		—				—				(381		)		—				—				(115		)		(14,072		)		(14,639		)
Recoveries		61				—				—				65				—				4				436				4				570
Provision		3,301				446				954				192				(98		)		(4		)		652				14,056				19,499
Balance at March 31, 2018		$	17,571			$	5,417			$	14,219			$	1,577			$	3,220			$	—			$	11,969			$	790			$	54,763
Individually evaluated for impairment		$	1,115			$	—			$	—			$	124			$	—			$	—			$	420			$	21			$	1,680
Collectively evaluated for impairment		16,456				5,417				14,219				1,453				3,220				—				11,549				769				53,083
Total ending ALLL balance		$	17,571			$	5,417			$	14,219			$	1,577			$	3,220			$	—			$	11,969			$	790			$	54,763
Loans:
Individually evaluated for impairment		$	5,265			$	—			$	—			$	359			$	—			$	—			$	19,667			$	766			$	26,057
Collectively evaluated for impairment		1,633,294				773,193				1,944,082				78,663				200,766				3				2,181,691				92,758				6,904,450
Total ending loan balances		$	1,638,559			$	773,193			$	1,944,082			$	79,022			$	200,766			$	3			$	2,201,358			$	93,524			$	6,930,507

The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans and leases based on the impairment methodology as of or for the three months ended March 31, 2017:

($ in thousands)		Commercial and Industrial				Commercial Real Estate				Multifamily				SBA				Construction				Lease Financing				Single Family Residential Mortgage				Other Consumer				Total
ALLL:
Balance at December 31, 2016		$	7,584			$	5,467			$	11,376			$	939			$	2,015			$	6			$	12,075			$	982			$	40,444
Charge-offs		(250		)		—				—				—				—				—				(81		)		(26		)		(357		)
Recoveries		—				—				—				43				—				19				1				3				66
Provision		3,554				(924		)		(347		)		164				1,003				(20		)		(755		)		(92		)		2,583
Balance at March 31, 2017		$	10,888			$	4,543			$	11,029			$	1,146			$	3,018			$	5			$	11,240			$	867			$	42,736
Individually evaluated for impairment		$	—			$	—			$	—			$	—			$	—			$	—			$	250			$	—			$	250
Collectively evaluated for impairment		10,888				4,538				11,029				1,127				3,018				5				10,853				867				42,325
Acquired with deteriorated credit quality		—				5				—				19				—				—				137				—				161
Total ending ALLL balance		$	10,888			$	4,543			$	11,029			$	1,146			$	3,018			$	5			$	11,240			$	867			$	42,736
Loans:
Individually evaluated for impairment		$	—			$	—			$	—			$	—			$	1,528			$	—			$	10,984			$	883			$	13,395
Collectively evaluated for impairment		1,580,969				749,440				1,449,715				73,433				140,636				285				1,832,818				124,931				5,952,227
Acquired with deteriorated credit quality		4,687				1,152				—				2,607				—				—				131,253				—				139,699
Total ending loan balances		$	1,585,656			$	750,592			$	1,449,715			$	76,040			$	142,164			$	285			$	1,975,055			$	125,814			$	6,105,321

Loans and Leases Individually Evaluated for Impairment by Class of Loans and Leases

The following table presents loans and leases individually evaluated for impairment by class of loans and leases as of the dates indicated. The recorded investment, excluding accrued interest, presents customer balances net of any partial charge-offs recognized on the loans and leases and net of any deferred fees and costs and any purchase premium or discount.

		March 31, 2018												December 31, 2017
($ in thousands)		Unpaid Principal Balance				Recorded Investment				Allowance for Loan and Lease Losses				Unpaid Principal Balance				Recorded Investment				Allowance for Loan and Lease Losses
With no related ALLL recorded:
Commercial:
Commercial and industrial		$	4,187			$	4,150			$	—			$	471			$	453			$	—
SBA		237				235				—				342				335				—
Consumer:
Single family residential mortgage		5,822				5,842				—				7,521				7,553				—
Other consumer		294				294				—				4,664				4,663				—
With an ALLL recorded:
Commercial:
Commercial and industrial		1,115				1,115				1,115				3,146				3,129				498
SBA		137				124				124				635				609				435
Consumer:
Single family residential mortgage		13,739				13,825				420				7,090				7,146				277
Other consumer		496				472				21				157				162				7
Total		$	26,027			$	26,057			$	1,680			$	24,026			$	24,050			$	1,217

The following table presents information on impaired loans and leases, disaggregated by class, for the three months ended March 31, 2018 and 2017:

		Three Months Ended March 31,
		2018												2017
($ in thousands)		Average Recorded Investment				Interest Income Recognized				Cash Basis Interest Recognized				Average Recorded Investment				Interest Income Recognized				Cash Basis Interest Recognized
Commercial:
Commercial and industrial		$	5,333			$	3			$	3			$	—			$	—			$	—
SBA		373				—				—				—				—				—
Construction		—				—				—				1,528				—				—
Consumer:
Single family residential mortgage		19,715				57				49				11,055				43				43
Other consumer		749				3				2				889				2				1
Total		$	26,170			$	63			$	54			$	13,472			$	45			$	44

Aging of Recorded Investment in Past Due Loans and Leases

The following table presents the aging of the recorded investment in past due loans and leases as of dates indicated, excluding accrued interest receivable (which is not considered to be material), by class of loans and leases as of dates indicated:

($ in thousands)		30 - 59 Days Past Due				60 - 89 Days Past Due				Greater than 89 Days Past due				Total Past Due				Current				Total
March 31, 2018
NTM loans:
Single family residential mortgage		$	13,034			$	292			$	1,575			$	14,901			$	828,354			$	843,255
Other consumer		294				—				—				294				3,251				3,545
Total NTM loans		13,328				292				1,575				15,195				831,605				846,800
Traditional loans and leases:
Commercial:
Commercial and industrial		1,163				4,193				1,017				6,373				1,632,186				1,638,559
Commercial real estate		291				—				—				291				772,902				773,193
Multifamily		—				—				—				—				1,944,082				1,944,082
SBA		979				—				795				1,774				77,248				79,022
Construction		—				—				—				—				200,766				200,766
Lease financing		—				—				—				—				3				3
Consumer:
Single family residential mortgage		7,219				4,419				7,876				19,514				1,338,589				1,358,103
Other consumer		47				5				263				315				89,664				89,979
Total traditional loans and leases		9,699				8,617				9,951				28,267				6,055,440				6,083,707
Total		$	23,027			$	8,909			$	11,526			$	43,462			$	6,887,045			$	6,930,507
December 31, 2017
NTM loans:
Single family residential mortgage		$	9,060			$	1,879			$	1,171			$	12,110			$	791,245			$	803,355
Other consumer		—				—				—				—				3,578				3,578
Total NTM loans		9,060				1,879				1,171				12,110				794,823				806,933
Traditional loans and leases:
Commercial:
Commercial and industrial		136				3,595				948				4,679				1,697,272				1,701,951
Commercial real estate		—				—				—				—				717,415				717,415
Multifamily		—				—				—				—				1,816,141				1,816,141
SBA		3,578				—				1,319				4,897				73,802				78,699
Construction		—				—				—				—				182,960				182,960
Lease financing		—				—				—				—				13				13
Consumer:
Single family residential mortgage		6,862				3,370				6,012				16,244				1,236,050				1,252,294
Other consumer		3,194				413				92				3,699				99,302				103,001
Total traditional loans and leases		13,770				7,378				8,371				29,519				5,822,955				5,852,474
Total		$	22,830			$	9,257			$	9,542			$	41,629			$	6,617,778			$	6,659,407

Composition of Nonaccrual Loans and Leases

The following table presents non-accrual loans and leases, and loans past due 90 days or more and still accruing as of the dates indicated:

		March 31, 2018												December 31, 2017
($ in thousands)		NTM Loans				Traditional Loans and Leases				Total				NTM Loans				Traditional Loans and Leases				Total
Non-accrual loans and leases (1)
Commercial:
Commercial and industrial		$	—			$	5,239			$	5,239			$	—			$	3,723			$	3,723
SBA		—				1,171				1,171				—				1,781				1,781
Consumer:
Single family residential mortgage		1,575				12,763				14,338				1,171				8,176				9,347
Other consumer		—				472				472				—				4,531				4,531
Total non-accrual loans and leases		$	1,575			$	19,645			$	21,220			$	1,171			$	18,211			$	19,382
Loans past due 90 days or more and still accruing		$	—			$	—			$	—			$	—			$	—			$	—

(1) The Company maintained ALLL individually evaluated for impairment for these loans of $1.6 million and $1.1 million at March 31, 2018 and December 31, 2017, respectively

Troubled Debt Restructurings

TDR loans consist of the following as of the dates indicated:

		March 31, 2018												December 31, 2017
($ in thousands)		NTM Loans				Traditional Loans				Total				NTM Loans				Traditional Loans				Total
Commercial:
Commercial and industrial		$	—			$	2,795			$	2,795			$	—			$	2,675			$	2,675
Consumer:
Single family residential mortgage		2,691				2,639				5,330				2,699				2,653				5,352
Other consumer		294				—				294				294				—				294
Total		$	2,985			$	5,434			$	8,419			$	2,993			$	5,328			$	8,321

The following table summarizes the pre-modification and post-modification balances of the new TDRs for the three months ended March 31, 2018 and 2017:

		Three Months Ended March 31,
		2018											2017
($ in thousands)		Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Number of Loans			Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Commercial:
Commercial and industrial		2			$	171			$	163			—			$	—			$	—
Consumer:
Single family residential mortgage		—			—				—				2			1,266				1,273
Total		2			$	171			$	163			2			$	1,266			$	1,273

The following table summarizes new TDRs by modification type for the three months ended March 31, 2018 and 2017:

		Three Months Ended
		Modification Type
		Change in Principal Payments and Interest Rates							Change in Principal Payments							Change in Interest Rates							Bankruptcy Discharges							Total
($ in thousands)		Count			Amount				Count			Amount				Count			Amount				Count			Amount				Count			Amount
March 31, 2018
Commercial:
Commercial and industrial		—			$	—			2			$	163			—			$	—			—			$	—			2			$	163
Total		—			$	—			2			$	163			—			$	—			—			—				2			$	163
March 31, 2017
Consumer:
Single family residential mortgage		1			$	130			1			$	1,143			—			$	—			—			—				2			$	1,273
Total		1			$	130			1			$	1,143			—			$	—			—			—				2			$	1,273

Risk Categories for Loans and Leases

The following table presents the risk categories for total loans and leases as of dates indicated:

($ in thousands)		Pass				Special Mention				Substandard				Doubtful				Total
March 31, 2018
NTM loans:
Single family residential mortgage		$	839,811			$	1,577			$	1,867			$	—			$	843,255
Other consumer		3,545				—				—				—				3,545
Total NTM loans		843,356				1,577				1,867				—				846,800
Traditional loans and leases:
Commercial:
Commercial and industrial		1,585,874				7,019				45,666				—				1,638,559
Commercial real estate		768,952				—				4,241				—				773,193
Multifamily		1,942,456				536				1,090				—				1,944,082
SBA		72,273				1,831				4,638				280				79,022
Construction		200,766				—				—				—				200,766
Lease financing		3				—				—				—				3
Consumer:
Single family residential mortgage		1,343,107				2,234				12,762				—				1,358,103
Other consumer		89,169				320				490				—				89,979
Total traditional loans and leases		6,002,600				11,940				68,887				280				6,083,707
Total		$	6,845,956			$	13,517			$	70,754			$	280			$	6,930,507
December 31, 2017
NTM loans:
Single family residential mortgage		$	800,589			$	1,595			$	1,171			$	—			$	803,355
Other consumer		3,578				—				—				—				3,578
Total NTM loans		804,167				1,595				1,171				—				806,933
Traditional loans and leases:
Commercial:
Commercial and industrial		1,651,628				33,376				16,947				—				1,701,951
Commercial real estate		713,131				—				4,284				—				717,415
Multifamily		1,815,601				540				—				—				1,816,141
SBA		72,417				1,555				4,621				106				78,699
Construction		182,960				—				—				—				182,960
Lease financing		13				—				—				—				13
Consumer:
Single family residential mortgage		1,240,866				2,282				9,146				—				1,252,294
Other consumer		98,030				422				4,549				—				103,001
Total traditional loans and leases		5,774,646				38,175				39,547				106				5,852,474
Total		$	6,578,813			$	39,770			$	40,718			$	106			$	6,659,407

Summary of Significant Activities

The following table presents loans and leases transferred from (to) loans held-for-sale by portfolio segment for the three months ended March 31, 2018 and 2017:

		Three Months Ended March 31,
		2018								2017
($ in thousands)		Transfers from Held-For-Sale				Transfers (to) Held-For-Sale				Transfers from Held-For-Sale				Transfers (to) Held-For-Sale
Commercial:
Multifamily		$	—			$	—			$	—			$	(6,583	)
Consumer:
Single family residential mortgage		—				(2,184		)		—				(236,510		)
Other consumer		—				(4,362		)		—				—
Total		$	—			$	(6,546	)		$	—			$	(243,093	)

Accretable Yield, or Income Expected to be Collected

The following table presents a summary of accretable yield, or income expected to be collected, for the periods indicated:

		Three Months Ended March 31,
($ in thousands)		2018				2017
Balance at beginning of period		$	—			$	41,181
Accretion of income		—				(1,949		)
Changes in expected cash flows		—				(225		)
Disposals		—				(316		)
Balance at end of period		$	—			$	38,691

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Income related to loans acquired with credit impairment accounted for in accordance with ASC 310-30

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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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=82894031&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
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

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- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524

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- References

No definition available.

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- Definition

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)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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- Definition

Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

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- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

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=84173941&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524

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