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LOANS AND LEASES AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
12 Months Ended
Dec. 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
December 31, 2018
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
Commercial and industrial
 
$

 
$
1,944,142

 
$
1,944,142

Commercial real estate
 

 
867,013

 
867,013

Multifamily
 

 
2,241,246

 
2,241,246

SBA
 

 
68,741

 
68,741

Construction
 

 
203,976

 
203,976

Lease financing
 

 

 

Consumer:
 
 
 
 
 
 
Single family residential mortgage
 
824,318

 
1,481,172

 
2,305,490

Other consumer
 
2,413

 
67,852

 
70,265

Total loans and leases (1)
 
$
826,731

 
$
6,874,142

 
$
7,700,873

Percentage to total loans and leases
 
10.7
%
 
89.3
%
 
100.0
%
Allowance for loan and lease losses
 
 
 
 
 
(62,192
)
Loans and leases receivable, net
 
 
 
 
 
$
7,638,681

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 (1)
 
$
806,933

 
$
5,852,474

 
$
6,659,407

Percentage to total loans and leases
 
12.1
%
 
87.9
%
 
100.0
%
Allowance for loan and lease losses
 
 
 
 
 
(49,333
)
Loans and leases receivable, net
 
 
 
 
 
$
6,610,074


(1)
Total loans and leases includes deferred loan origination costs/(fees) and premiums/(discounts), net of $17.7 million and $6.4 million, respectively, at December 31, 2018 and 2017.

Non Traditional Mortgages Portfolio
The following table presents the composition of the NTM portfolio as of the dates indicated:
 
 
December 31,
 
 
2018
 
2017
($ in thousands)
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
Green Loans (HELOC) - first liens
 
88

 
$
67,729

 
8.2
%
 
101

 
$
82,197

 
10.2
%
Interest only - first liens
 
519

 
753,061

 
91.1
%
 
468

 
717,484

 
88.9
%
Negative amortization
 
11

 
3,528

 
0.4
%
 
11

 
3,674

 
0.5
%
Total NTM - first liens
 
618

 
824,318

 
99.7
%
 
580

 
803,355

 
99.6
%
Green Loans (HELOC) - second liens
 
10

 
2,413

 
0.3
%
 
12

 
3,578

 
0.4
%
Total NTM - second liens
 
10

 
2,413

 
0.3
%
 
12

 
3,578

 
0.4
%
Total NTM loans
 
628

 
$
826,731

 
100.0
%
 
592

 
$
806,933

 
100.0
%
Total loans and leases
 
 
 
$
7,700,873

 
 
 
 
 
$
6,659,407

 
 
Percentage to total loans and leases
 
 
 
10.7
%
 
 
 
 
 
12.1
%
 
 
Risk Categories for Loans and Leases
The following table presents the Company’s Green Loans first lien portfolio at December 31, 2018 by FICO scores that were obtained during the quarter ended December 31, 2018, comparing to the FICO scores for those same loans that were obtained during the quarter ended December 31, 2017:
 
 
December 31, 2018
 
 
By FICO Scores Obtained During the Quarter Ended December 31, 2018
 
By FICO Scores Obtained During the Quarter Ended December 31, 2017
 
Change
($ in thousands)
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
FICO score
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
800+
 
16

 
$
10,617

 
15.7
%
 
12

 
$
7,407

 
10.9
%
 
4

 
$
3,210

 
4.8
 %
700-799
 
50

 
34,888

 
51.5
%
 
44

 
28,327

 
41.8
%
 
6

 
6,561

 
9.7
 %
600-699
 
16

 
14,098

 
20.8
%
 
23

 
23,406

 
34.6
%
 
(7
)
 
(9,308
)
 
(13.8
)%
<600
 
3

 
4,347

 
6.4
%
 
5

 
4,679

 
6.9
%
 
(2
)
 
(332
)
 
(0.5
)%
No FICO score
 
3

 
3,779

 
5.6
%
 
4

 
3,910

 
5.8
%
 
(1
)
 
(131
)
 
(0.2
)%
Total
 
88

 
$
67,729

 
100.0
%
 
88

 
$
67,729

 
100.0
%
 

 
$

 
 %
The table below represents the Company’s single family residential NTM first lien portfolio by LTV ratios as of the dates indicated:
LTV Ratios
 
Green
 
Interest Only
 
Negative Amortization
 
Total
($ in thousands)
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
 
Count
 
Amount
 
Percent
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
< 61
 
69

 
$
51,827

 
76.5
%
 
312

 
$
495,930

 
65.9
%
 
11

 
$
3,528

 
100.0
%
 
392

 
$
551,285

 
66.9
%
61-80
 
17

 
13,476

 
19.9
%
 
201

 
245,568

 
32.6
%
 

 

 
%
 
218

 
259,044

 
31.4
%
81-100
 
2

 
2,426

 
3.6
%
 
5

 
7,441

 
1.0
%
 

 

 
%
 
7

 
9,867

 
1.2
%
> 100
 

 

 
%
 
1

 
4,122

 
0.5
%
 

 

 
%
 
1

 
4,122

 
0.5
%
Total
 
88

 
$
67,729

 
100.0
%
 
519

 
$
753,061

 
100.0
%
 
11

 
$
3,528

 
100.0
%
 
618

 
$
824,318

 
100.0
%
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
< 61
 
60

 
$
51,241

 
62.3
%
 
242

 
$
407,810

 
56.8
%
 
9

 
$
2,826

 
76.9
%
 
311

 
$
461,877

 
57.5
%
61-80
 
33

 
25,072

 
30.5
%
 
220

 
300,500

 
41.9
%
 
2

 
848

 
23.1
%
 
255

 
326,420

 
40.6
%
81-100
 
8

 
5,884

 
7.2
%
 
6

 
9,174

 
1.3
%
 

 

 
%
 
14

 
15,058

 
1.9
%
> 100
 

 

 
%
 

 

 
%
 

 

 
%
 

 

 
%
Total
 
101

 
$
82,197

 
100.0
%
 
468

 
$
717,484

 
100.0
%
 
11

 
$
3,674

 
100.0
%
 
580

 
$
803,355

 
100.0
%
The following table presents the risk categories for total loans and leases as of December 31, 2018:
 
 
December 31, 2018
($ in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
NTM loans:
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
$
811,056

 
$
10,966

 
$
2,296

 
$

 
$
824,318

Other consumer
 
2,413

 

 

 

 
2,413

Total NTM loans
 
813,469

 
10,966

 
2,296

 

 
826,731

Traditional loans and leases:
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
1,859,569

 
41,302

 
43,271

 

 
1,944,142

Commercial real estate
 
851,604

 
11,376

 
4,033

 

 
867,013

Multifamily
 
2,239,301

 

 
1,945

 

 
2,241,246

SBA
 
53,433

 
6,114

 
8,340

 
854

 
68,741

Construction
 
197,851

 
3,606

 
2,519

 

 
203,976

Lease financing
 

 

 

 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
1,461,721

 
2,602

 
16,849

 

 
1,481,172

Other consumer
 
66,228

 
979

 
645

 

 
67,852

Total traditional loans and leases
 
6,729,707

 
65,979

 
77,602

 
854

 
6,874,142

Total loans and leases
 
$
7,543,176

 
$
76,945

 
$
79,898

 
$
854

 
$
7,700,873

The following table presents the risk categories for total loans and leases as of December 31, 2017:
 
 
December 31, 2017
($ in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
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 loans and leases
 
$
6,578,813

 
$
39,770

 
$
40,718

 
$
106

 
$
6,659,407

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:
 
 
Year Ended December 31,
($ in thousands)
 
2018
 
2017
 
2016
Balance at beginning of year
 
$
49,333

 
$
40,444

 
$
35,533

Loans and leases charged-off
 
(18,499
)
 
(5,581
)
 
(2,618
)
Recoveries of loans and leases previously charged off
 
1,143

 
771

 
2,258

Provision for loan and lease losses
 
30,215

 
13,699

 
5,271

Balance at end of year
 
$
62,192

 
$
49,333

 
$
40,444

The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans and leases by portfolio segment and is based on the impairment method as of or for the year ended December 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
 
(1,927
)
 

 
(14
)
 
(1,927
)
 

 

 
(558
)
 
(14,073
)
 
(18,499
)
Recoveries
 
396

 

 

 
273

 

 
15

 
436

 
23

 
1,143

Provision
 
5,442

 
1,703

 
4,719

 
1,780

 
143

 
(15
)
 
2,254

 
14,189

 
30,215

Balance at December 31, 2018
 
$
18,191

 
$
6,674

 
$
17,970

 
$
1,827

 
$
3,461

 
$

 
$
13,128

 
$
941

 
$
62,192

Individually evaluated for impairment
 
$

 
$

 
$

 
$
562

 
$

 
$

 
$
161

 
$
106

 
$
829

Collectively evaluated for impairment
 
18,191

 
6,674

 
17,970

 
1,265

 
3,461

 

 
12,967

 
835

 
61,363

Total ending ALLL
 
$
18,191

 
$
6,674

 
$
17,970

 
$
1,827

 
$
3,461

 
$

 
$
13,128

 
$
941

 
$
62,192

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
5,455

 
$

 
$

 
$
2,376

 
$

 
$

 
$
18,193

 
$
921

 
$
26,945

Collectively evaluated for impairment
 
1,938,687

 
867,013

 
2,241,246

 
66,365

 
203,976

 

 
2,287,297

 
69,344

 
7,673,928

Total loans and leases
 
$
1,944,142

 
$
867,013

 
$
2,241,246

 
$
68,741

 
$
203,976

 
$

 
$
2,305,490

 
$
70,265

 
$
7,700,873


The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans and leases by portfolio segment and is based on the impairment method as of or for the year ended December 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
 
(1,730
)
 
(113
)
 

 
(625
)
 
(29
)
 

 
(2,806
)
 
(278
)
 
(5,581
)
Recoveries
 
54

 

 

 
422

 

 
32

 
1

 
262

 
771

Provision
 
8,372

 
(383
)
 
1,889

 
965

 
1,332

 
(38
)
 
1,726

 
(164
)
 
13,699

Balance at December 31, 2017
 
$
14,280

 
$
4,971

 
$
13,265

 
$
1,701

 
$
3,318

 
$

 
$
10,996

 
$
802

 
$
49,333

Individually evaluated for impairment
 
$
498

 
$

 
$

 
$
435

 
$

 
$

 
$
277

 
$
7

 
$
1,217

Collectively evaluated for impairment
 
13,782

 
4,971

 
13,265

 
1,266

 
3,318

 

 
10,719

 
795

 
48,116

Total ending ALLL
 
$
14,280

 
$
4,971

 
$
13,265

 
$
1,701

 
$
3,318

 
$

 
$
10,996

 
$
802

 
$
49,333

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
3,582

 
$

 
$

 
$
944

 
$

 
$

 
$
14,699

 
$
4,825

 
$
24,050

Collectively evaluated for impairment
 
1,698,369

 
717,415

 
1,816,141

 
77,755

 
182,960

 
13

 
2,040,950

 
101,754

 
6,635,357

Total loans and leases
 
$
1,701,951

 
$
717,415

 
$
1,816,141

 
$
78,699

 
$
182,960

 
$
13

 
$
2,055,649

 
$
106,579

 
$
6,659,407



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.
 
 
December 31,
 
 
2018
 
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 allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
5,491

 
$
5,455

 
$

 
$
471

 
$
453

 
$

SBA
 
1,668

 
1,588

 

 
342

 
335

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
12,115

 
12,161

 

 
7,521

 
7,553

 

Other consumer
 
469

 
469

 

 
4,664

 
4,663

 

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 

 

 

 
3,146

 
3,129

 
498

SBA
 
823

 
788

 
562

 
635

 
609

 
435

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
5,993

 
6,032

 
161

 
7,090

 
7,146

 
277

Other consumer
 
468

 
452

 
106

 
157

 
162

 
7

Total
 
$
27,027

 
$
26,945

 
$
829

 
$
24,026

 
$
24,050

 
$
1,217

The following table presents information on impaired loans and leases, disaggregated by class, for the periods indicated:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
($ in thousands)
 
Average Recorded Investment
 
Interest Income Recognized
 
Cash Basis Interest Recognized
 
Average Recorded Investment
 
Interest Income Recognized
 
Cash Basis Interest Recognized
 
Average Recorded Investment
 
Interest Income Recognized
 
Cash Basis Interest Recognized
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
5,380

 
$
4

 
$
4

 
$
1,034

 
$

 
$

 
$
3,490

 
$
183

 
$
208

Commercial real estate
 

 

 

 

 

 

 
148

 
24

 
24

Multifamily
 

 

 

 

 

 

 

 

 

SBA
 
986

 
4

 
3

 
357

 

 

 

 

 

Construction
 

 

 

 
382

 

 

 

 

 

Lease Financing
 

 

 

 
19

 

 

 

 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
19,694

 
236

 
199

 
12,611

 
199

 
182

 
27,150

 
862

 
835

Other consumer
 
771

 
12

 
11

 
1,757

 
8

 
8

 
294

 
8

 
9

Total
 
$
26,831

 
$
256

 
$
217

 
$
16,158

 
$
207

 
$
190

 
$
31,081

 
$
1,077

 
$
1,076

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 December 31, 2018, excluding accrued interest receivable (which is not considered to be material), by class of loans and leases:
 
 
December 31, 2018
($ in thousands)
 
30 - 59 Days Past Due
 
60 - 89 Days Past Due
 
Greater than 89 Days Past due
 
Total Past Due
 
Current
 
Total
NTM loans:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
$
7,430

 
$
617

 
$

 
$
8,047

 
$
816,271

 
$
824,318

Other consumer
 

 

 

 

 
2,413

 
2,413

Total NTM loans
 
7,430

 
617

 

 
8,047

 
818,684

 
826,731

Traditional loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
350

 
1,596

 
3,340

 
5,286

 
1,938,856

 
1,944,142

Commercial real estate
 

 
582

 

 
582

 
866,431

 
867,013

Multifamily
 
356

 

 

 
356

 
2,240,890

 
2,241,246

SBA
 
551

 
77

 
862

 
1,490

 
67,251

 
68,741

Construction
 

 
939

 

 
939

 
203,037

 
203,976

Lease financing
 

 

 

 

 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
7,321

 
3,160

 
9,198

 
19,679

 
1,461,493

 
1,481,172

Other consumer
 
3,132

 
573

 
446

 
4,151

 
63,701

 
67,852

Total traditional loans and leases
 
11,710

 
6,927

 
13,846

 
32,483

 
6,841,659

 
6,874,142

Total loans and leases
 
$
19,140

 
$
7,544

 
$
13,846

 
$
40,530

 
$
7,660,343

 
$
7,700,873


The following table presents the aging of the recorded investment in past due loans and leases as of December 31, 2017, excluding accrued interest receivable (which is not considered to be material), by class of loans and leases:
 
 
December 31, 2017
($ in thousands)
 
30 - 59 Days Past Due
 
60 - 89 Days Past Due
 
Greater than 89 Days Past due
 
Total Past Due
 
Current
 
Total
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 loans and leases
 
$
22,830

 
$
9,257

 
$
9,542

 
$
41,629

 
$
6,617,778

 
$
6,659,407



Composition of Nonaccrual Loans and Leases
The following table presents the composition of non-accrual loans and leases as of the dates indicated:
 
 
December 31,
 
 
2018
 
2017
($ in thousands)
 
NTM Loans
 
Traditional Loans and Leases
 
Total
 
NTM Loans
 
Traditional Loans and Leases
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$

 
$
5,455

 
$
5,455

 
$

 
$
3,723

 
$
3,723

SBA
 

 
2,574

 
2,574

 

 
1,781

 
1,781

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 

 
12,929

 
12,929

 
1,171

 
8,176

 
9,347

Other consumer
 

 
627

 
627

 

 
4,531

 
4,531

Total
 
$

 
$
21,585

 
$
21,585

 
$
1,171

 
$
18,211

 
$
19,382

Troubled Debt Restructurings
Troubled debt restructured loans and leases consisted of the following as of the dates indicated:
 
 
December 31,
 
 
2018
 
2017
($ in thousands)
 
NTM Loans
 
Traditional Loans
 
Total
 
NTM Loans
 
Traditional Loans
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$

 
$
2,276

 
$
2,276

 
$

 
$
2,675

 
$
2,675

SBA
 

 
187

 
187

 

 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
2,668

 
2,596

 
5,264

 
2,699

 
2,653

 
5,352

Other consumer
 
294

 

 
294

 
294

 

 
294

Total
 
$
2,962

 
$
5,059

 
$
8,021

 
$
2,993

 
$
5,328

 
$
8,321

The following table summarizes the pre-modification and post-modification balances of the new TDRs for the periods indicated:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
($ 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
 
Number of Loans
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
2

 
$
171

 
$
163

 
1

 
$
2,706

 
$
2,706

 

 
$

 
$

SBA
 
1

 
187

 
187

 

 

 

 

 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 

 

 

 
3

 
2,416

 
2,433

 
42

 
10,278

 
10,273

Total
 
3

 
$
358

 
$
350

 
4

 
$
5,122

 
$
5,139

 
42

 
$
10,278

 
$
10,273

For the years ended December 31, 2018, 2017, and 2016, there were no loans and leases that were modified as TDRs during the past 12 months that had subsequent payment defaults during the periods.
The following table summarizes the TDRs by modification type for the periods indicated:
 
 
Modification Type
 
 
Change in Principal Payments and Interest Rates
 
Change in Principal Payments
 
Change in Interest Rates
 
Chapter 7 Bankruptcy
 
Other
 
Total
($ in thousands)
 
Count
 
Amount
 
Count
 
Amount
 
Count
 
Amount
 
Count
 
Amount
 
Count
 
Amount
 
Count
 
Amount
Year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 

 
$

 
2

 
$
163

 

 
$

 

 
$

 

 
$

 
2

 
$
163

SBA
 

 

 

 

 

 

 

 

 
1

 
187

 
1

 
187

Total
 

 
$

 
2

 
$
163

 

 
$

 

 
$

 
1

 
$
187

 
3

 
$
350

Year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 

 
$

 
1

 
$
2,706

 

 
$

 

 
$

 

 
$

 
1

 
$
2,706

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
2

 
1,290

 
1

 
1,143

 

 

 

 

 

 

 
3

 
2,433

Total
 
2

 
$
1,290

 
2

 
$
3,849

 

 
$

 

 
$

 

 
$

 
4

 
$
5,139

Year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
34

 
$
8,622

 
4

 
$
780

 
2

 
$
146

 
1

 
$
519

 
1

 
$
206

 
42

 
$
10,273

Total
 
34

 
$
8,622

 
4

 
$
780

 
2

 
$
146

 
1

 
$
519

 
1

 
$
206

 
42

 
$
10,273

Schedule of Financing Receivables, Purchases and Sales
The following table presents loans and leases purchased and/or sold by portfolio segment, excluding loans held-for-sale, loans and leases acquired in business combinations or sold in sales of branches and business units, and PCI loans for the periods indicated:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
($ in thousands)
 
Purchases
 
Sales
 
Purchases
 
Sales
 
Purchases
 
Sales
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Lease financing
 
$

 
$

 
$

 
$

 
$
91,247

 
$
(19,741
)
Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 
59,481

 

 

 

 

 
(149,413
)
Total
 
$
59,481

 
$

 
$

 
$

 
$
91,247

 
$
(169,154
)
Financing Receivable, Significant Activity
The following table presents loans and leases transferred from (to) loans held-for-sale by portfolio segment, excluding loans and leases transferred in connection with sales of branches and business units, and PCI loans for the periods indicated:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
($ in thousands)
 
Transfers from Held-For-Sale
 
Transfers to Held-For-Sale
 
Transfers from Held-For-Sale
 
Transfers to Held-For-Sale
 
Transfers from Held-For-Sale
 
Transfers to Held-For-Sale
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$

 
$
(1,133
)
 
$

 
$
(3,924
)
 
$

 
$
(1,757
)
Commercial real estate
 

 

 

 
(1,329
)
 

 
(2,792
)
Multifamily
 

 
(81,449
)
 

 
(6,583
)
 

 
(81,780
)
SBA
 

 

 

 
(1,865
)
 

 

Construction
 

 
(434
)
 

 
(1,528
)
 

 

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
Single family residential mortgage
 

 
(289,617
)
 
88,591

 
(450,625
)
 
7,115

 
(105,337
)
Other consumer
 

 
(4,362
)
 

 

 

 

Total
 
$

 
$
(376,995
)
 
$
88,591

 
$
(465,854
)
 
$
7,115

 
$
(191,666
)
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 for PCI loans:
 
 
Year Ended December 31,
($ in thousands)
 
2018
 
2017
 
2016
Balance at beginning of year
 
$

 
$
41,181

 
$
205,549

New loans or leases purchased
 

 

 
23,568

Accretion of income
 

 
(3,833
)
 
(34,616
)
Decrease in expected cash flows
 

 
(225
)
 
(10,650
)
Disposals
 

 
(34,886
)
 
(142,670
)
Other
 

 
(2,237
)
 

Balance at end of year
 
$

 
$

 
$
41,181

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
The following table presents PCI loans purchased for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2018
 
2017
 
2016
Consumer:
 
 
 
 
 
 
Single family residential mortgage
 
$

 
$

 
$
103,799

Outstanding unpaid principal balance at acquisition
 
$

 
$

 
$
103,799

Cash flows expected to be collected at acquisition
 
$

 
$

 
$
114,552

Fair value of acquired loans at acquisition
 
$

 
$

 
$
90,984