Loans and Leases (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
| Loans Receivable |
Loans and leases receivable consisted of the following as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
906,260 |
|
|
$ |
915,273 |
|
Hospitality |
830,679 |
|
|
681,325 |
|
Other (1)
|
1,449,270 |
|
|
1,417,273 |
|
Total commercial property loans |
3,186,209 |
|
|
3,013,871 |
|
Construction |
71,583 |
|
|
55,190 |
|
Residential property |
500,563 |
|
|
521,853 |
|
Total real estate loans |
3,758,355 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
Commercial term |
206,691 |
|
|
182,685 |
|
Commercial lines of credit |
194,032 |
|
|
181,894 |
|
International loans |
29,180 |
|
|
34,622 |
|
Total commercial and industrial loans |
429,903 |
|
|
399,201 |
|
Leases receivable |
398,858 |
|
|
297,284 |
|
Consumer loans (2)
|
13,424 |
|
|
17,059 |
|
Loans and leases receivable |
4,600,540 |
|
|
4,304,458 |
|
Allowance for loan and lease losses |
(31,974 |
) |
|
(31,043 |
) |
Loans and leases receivable, net |
$ |
4,568,566 |
|
|
$ |
4,273,415 |
|
|
|
(1) |
Includes, among other property types, mixed-use, gas station, apartment, office, industrial, faith-based facilities and warehouse; the remaining real estate categories represents less than one percent of the Bank's total loans and leases. |
|
|
(2) |
Consumer loans include home equity lines of credit of $10.3 million and $14.2 million as of December 31, 2018 and 2017, respectively.
|
|
| Loans Receivable to Loans Held for Sale |
The following table details the information on SBA loans held for sale by portfolio segment for the years ended December 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SBA Loans Held for Sale |
|
Real Estate |
|
Commercial
and
Industrial |
|
Total |
|
(in thousands) |
December 31, 2018 |
|
|
|
|
|
Balance at beginning of period |
$ |
3,746 |
|
|
$ |
2,648 |
|
|
$ |
6,394 |
|
Originations |
39,243 |
|
|
39,903 |
|
|
79,146 |
|
Sales |
(37,790 |
) |
|
(38,161 |
) |
|
(75,951 |
) |
Principal payoffs and amortization |
(5 |
) |
|
(194 |
) |
|
(199 |
) |
Balance at end of period |
$ |
5,194 |
|
|
$ |
4,196 |
|
|
$ |
9,390 |
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
Balance at beginning of period |
$ |
7,410 |
|
|
$ |
1,906 |
|
|
$ |
9,316 |
|
Originations |
70,710 |
|
|
38,401 |
|
|
109,111 |
|
Sales |
(74,344 |
) |
|
(37,633 |
) |
|
(111,977 |
) |
Principal payoffs and amortization |
(30 |
) |
|
(26 |
) |
|
(56 |
) |
Balance at end of period |
$ |
3,746 |
|
|
$ |
2,648 |
|
|
$ |
6,394 |
|
|
| Allowance for Loan and Lease Losses |
Activity in the allowance for loan and lease losses was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the Year Ended December 31, |
|
2018 |
|
2017 |
|
2016 |
|
(in thousands) |
Balance at beginning of period |
$ |
31,043 |
|
|
$ |
32,429 |
|
|
$ |
42,935 |
|
Charge-offs |
(7,310 |
) |
|
(5,899 |
) |
|
(8,869 |
) |
Recoveries on loans and leases previously charged off |
4,251 |
|
|
3,682 |
|
|
2,702 |
|
Net loan and lease charge-offs |
(3,059 |
) |
|
(2,217 |
) |
|
(6,167 |
) |
Loan and lease loss provision (income) |
3,990 |
|
|
831 |
|
|
(4,339 |
) |
Balance at end of period |
$ |
31,974 |
|
|
$ |
31,043 |
|
|
$ |
32,429 |
|
|
| Allowance for Loan and Lease Losses by Portfolio Segment |
The following table details the information on the allowance for loan and lease losses by portfolio segment for the years ended December 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial
and Industrial |
|
Leases
Receivable
|
|
Consumer |
|
Unallocated |
|
Total |
|
(in thousands) |
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses on loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
17,012 |
|
|
$ |
7,400 |
|
|
6,279 |
|
|
$ |
122 |
|
|
$ |
230 |
|
|
$ |
31,043 |
|
Charge-offs |
(3,897 |
) |
|
(815 |
) |
|
(2,598 |
) |
|
— |
|
|
— |
|
|
(7,310 |
) |
Recoveries on loans and leases previously charged off |
2,512 |
|
|
1,369 |
|
|
368 |
|
|
2 |
|
|
— |
|
|
4,251 |
|
Loan and lease loss provision (income) |
2,757 |
|
|
(792 |
) |
|
2,254 |
|
|
(26 |
) |
|
(203 |
) |
|
3,990 |
|
Ending balance |
$ |
18,384 |
|
|
$ |
7,162 |
|
|
$ |
6,303 |
|
|
$ |
98 |
|
|
$ |
27 |
|
|
$ |
31,974 |
|
Individually evaluated for impairment |
$ |
1 |
|
|
$ |
428 |
|
|
$ |
1,383 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,812 |
|
Collectively evaluated for impairment |
$ |
18,383 |
|
|
$ |
6,734 |
|
|
$ |
4,920 |
|
|
$ |
98 |
|
|
$ |
27 |
|
|
$ |
30,162 |
|
Loans and leases receivable: |
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
$ |
3,758,355 |
|
|
$ |
429,903 |
|
|
$ |
398,858 |
|
|
$ |
13,424 |
|
|
$ |
— |
|
|
$ |
4,600,540 |
|
Individually evaluated for impairment |
$ |
14,761 |
|
|
$ |
4,396 |
|
|
$ |
5,129 |
|
|
$ |
839 |
|
|
$ |
— |
|
|
$ |
25,125 |
|
Collectively evaluated for impairment |
$ |
3,743,594 |
|
|
$ |
425,507 |
|
|
$ |
393,729 |
|
|
$ |
12,585 |
|
|
$ |
— |
|
|
$ |
4,575,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses on loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
26,134 |
|
|
$ |
5,623 |
|
|
307 |
|
|
$ |
199 |
|
|
$ |
166 |
|
|
$ |
32,429 |
|
Charge-offs |
(2,150 |
) |
|
(2,516 |
) |
|
(1,233 |
) |
|
— |
|
|
— |
|
|
(5,899 |
) |
Recoveries on loans and leases previously charged off |
1,527 |
|
|
1,901 |
|
|
239 |
|
|
15 |
|
|
— |
|
|
3,682 |
|
Loan and lease loss provision (income) |
(8,499 |
) |
|
2,392 |
|
|
6,966 |
|
|
(92 |
) |
|
64 |
|
|
831 |
|
Ending balance |
$ |
17,012 |
|
|
$ |
7,400 |
|
|
$ |
6,279 |
|
|
$ |
122 |
|
|
$ |
230 |
|
|
$ |
31,043 |
|
Individually evaluated for impairment |
$ |
2,093 |
|
|
$ |
441 |
|
|
$ |
3,334 |
|
|
$ |
10 |
|
|
$ |
— |
|
|
$ |
5,878 |
|
Collectively evaluated for impairment |
$ |
14,919 |
|
|
$ |
6,959 |
|
|
$ |
2,945 |
|
|
$ |
112 |
|
|
$ |
230 |
|
|
$ |
25,165 |
|
Loans and leases receivable: |
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
$ |
3,590,914 |
|
|
$ |
399,201 |
|
|
$ |
297,284 |
|
|
$ |
17,059 |
|
|
$ |
— |
|
|
$ |
4,304,458 |
|
Individually evaluated for impairment |
$ |
18,663 |
|
|
$ |
3,040 |
|
|
$ |
4,452 |
|
|
$ |
1,029 |
|
|
$ |
— |
|
|
$ |
27,184 |
|
Collectively evaluated for impairment |
$ |
3,572,251 |
|
|
$ |
396,161 |
|
|
$ |
292,832 |
|
|
$ |
16,030 |
|
|
$ |
— |
|
|
$ |
4,277,274 |
|
|
| Information on Impaired Loans and Leases, Disaggregated by Loan Class |
The following table provides information on impaired loans, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded
Investment |
|
Unpaid
Principal
Balance |
|
With No
Related
Allowance
Recorded |
|
With an
Allowance
Recorded |
|
Related
Allowance |
|
Average
Recorded
Investment |
|
Interest
Income
Recognized |
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
As of or for The Year Ended
December 31, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
2,166 |
|
|
$ |
2,207 |
|
|
$ |
1,894 |
|
|
$ |
272 |
|
|
$ |
— |
|
|
$ |
2,001 |
|
|
$ |
183 |
|
Hospitality |
4,282 |
|
|
5,773 |
|
|
4,032 |
|
|
250 |
|
|
— |
|
|
7,285 |
|
|
482 |
|
Other |
7,525 |
|
|
8,016 |
|
|
6,253 |
|
|
1,272 |
|
|
1 |
|
|
7,978 |
|
|
601 |
|
Total commercial property loans |
13,973 |
|
|
15,996 |
|
|
12,179 |
|
|
1,794 |
|
|
1 |
|
|
17,264 |
|
|
1,266 |
|
Residential property |
788 |
|
|
929 |
|
|
788 |
|
|
— |
|
|
— |
|
|
1,932 |
|
|
91 |
|
Total real estate loans |
14,761 |
|
|
16,925 |
|
|
12,967 |
|
|
1,794 |
|
|
1 |
|
|
19,196 |
|
|
1,357 |
|
Commercial and industrial loans |
4,396 |
|
|
4,601 |
|
|
1,644 |
|
|
2,752 |
|
|
428 |
|
|
3,568 |
|
|
211 |
|
Leases receivable |
5,129 |
|
|
5,162 |
|
|
1,256 |
|
|
3,873 |
|
|
1,383 |
|
|
5,229 |
|
|
46 |
|
Consumer loans |
839 |
|
|
1,073 |
|
|
746 |
|
|
93 |
|
|
— |
|
|
1,020 |
|
|
60 |
|
Total |
$ |
25,125 |
|
|
$ |
27,761 |
|
|
$ |
16,613 |
|
|
$ |
8,512 |
|
|
$ |
1,812 |
|
|
$ |
29,013 |
|
|
$ |
1,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of or for The Year Ended
December 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
1,403 |
|
|
$ |
1,423 |
|
|
$ |
1,246 |
|
|
$ |
157 |
|
|
$ |
1 |
|
|
$ |
1,528 |
|
|
$ |
106 |
|
Hospitality |
6,184 |
|
|
7,220 |
|
|
2,144 |
|
|
4,040 |
|
|
1,677 |
|
|
6,080 |
|
|
431 |
|
Other |
8,513 |
|
|
9,330 |
|
|
7,569 |
|
|
944 |
|
|
394 |
|
|
9,551 |
|
|
842 |
|
Total commercial property loans |
16,100 |
|
|
17,973 |
|
|
10,959 |
|
|
5,141 |
|
|
2,072 |
|
|
17,159 |
|
|
1,379 |
|
Residential property |
2,563 |
|
|
2,728 |
|
|
824 |
|
|
1,739 |
|
|
21 |
|
|
2,771 |
|
|
122 |
|
Total real estate loans |
18,663 |
|
|
20,701 |
|
|
11,783 |
|
|
6,880 |
|
|
2,093 |
|
|
19,930 |
|
|
1,501 |
|
Commercial and industrial loans |
3,040 |
|
|
3,081 |
|
|
1,069 |
|
|
1,971 |
|
|
441 |
|
|
4,214 |
|
|
208 |
|
Leases receivable |
4,452 |
|
|
4,626 |
|
|
455 |
|
|
3,997 |
|
|
3,334 |
|
|
4,464 |
|
|
47 |
|
Consumer loans |
1,029 |
|
|
1,215 |
|
|
919 |
|
|
110 |
|
|
10 |
|
|
982 |
|
|
33 |
|
Total |
$ |
27,184 |
|
|
$ |
29,623 |
|
|
$ |
14,226 |
|
|
$ |
12,958 |
|
|
$ |
5,878 |
|
|
$ |
29,590 |
|
|
$ |
1,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of or for The Year Ended
December 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
1,678 |
|
|
$ |
1,684 |
|
|
$ |
151 |
|
|
$ |
1,527 |
|
|
$ |
120 |
|
|
$ |
2,243 |
|
|
$ |
141 |
|
Hospitality |
6,227 |
|
|
6,823 |
|
|
2,243 |
|
|
3,984 |
|
|
3,078 |
|
|
4,887 |
|
|
454 |
|
Other |
11,054 |
|
|
11,900 |
|
|
8,111 |
|
|
2,943 |
|
|
782 |
|
|
11,935 |
|
|
1,326 |
|
Total commercial property loans |
18,959 |
|
|
20,407 |
|
|
10,505 |
|
|
8,454 |
|
|
3,980 |
|
|
19,065 |
|
|
1,921 |
|
Residential property |
2,798 |
|
|
2,851 |
|
|
2,798 |
|
|
— |
|
|
— |
|
|
2,656 |
|
|
112 |
|
Total real estate loans |
21,757 |
|
|
23,258 |
|
|
13,303 |
|
|
8,454 |
|
|
3,980 |
|
|
21,721 |
|
|
2,033 |
|
Commercial and industrial loans |
4,174 |
|
|
4,239 |
|
|
1,297 |
|
|
2,877 |
|
|
347 |
|
|
5,175 |
|
|
321 |
|
Consumer loans |
419 |
|
|
489 |
|
|
419 |
|
|
— |
|
|
— |
|
|
622 |
|
|
29 |
|
Total |
$ |
26,350 |
|
|
$ |
27,986 |
|
|
$ |
15,019 |
|
|
$ |
11,331 |
|
|
$ |
4,327 |
|
|
$ |
27,518 |
|
|
$ |
2,383 |
|
|
| Summary of Interest Foregone on Impaired Loans |
The following is a summary of interest foregone on impaired loans for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2018 |
|
2017 |
|
2016 |
|
(in thousands) |
Interest income that would have been recognized had impaired loans performed in accordance with their original terms |
$ |
2,808 |
|
|
$ |
2,575 |
|
|
$ |
3,053 |
|
Less: Interest income recognized on impaired loans |
(1,674 |
) |
|
(1,790 |
) |
|
(2,383 |
) |
Interest foregone on impaired loans |
$ |
1,134 |
|
|
$ |
785 |
|
|
$ |
670 |
|
|
| Non-Accrual Loans and Leases, Disaggregated by Loan Class |
The following table details nonaccrual loans and leases, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2018 |
|
2017 |
|
(in thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
865 |
|
|
$ |
224 |
|
Hospitality |
3,625 |
|
|
5,263 |
|
Other |
1,641 |
|
|
2,462 |
|
Total commercial property loans |
6,131 |
|
|
7,949 |
|
Residential property |
182 |
|
|
591 |
|
Total real estate loans |
6,313 |
|
|
8,540 |
|
Commercial and industrial loans |
3,337 |
|
|
1,892 |
|
Leases receivable |
5,129 |
|
|
4,452 |
|
Consumer loans |
746 |
|
|
921 |
|
Total nonaccrual loans and leases |
$ |
15,525 |
|
|
$ |
15,805 |
|
|
| Non-Performing Assets |
The following table details nonperforming assets as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2018 |
|
2017 |
|
(in thousands) |
Nonaccrual loans and leases |
$ |
15,525 |
|
|
$ |
15,805 |
|
Loans and leases 90 days or more past due and still accruing |
4 |
|
|
— |
|
Total nonperforming loans and leases |
15,529 |
|
|
15,805 |
|
OREO |
663 |
|
|
1,946 |
|
Total nonperforming assets |
$ |
16,192 |
|
|
$ |
17,751 |
|
|
| Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type |
The following table details TDRs, disaggregated by concession type and by loan type, as of December 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual TDRs |
|
Accrual TDRs |
|
Deferral of
Principal |
|
Deferral of
Principal and
Interest |
|
Reduction of
Principal
and Interest |
|
Extension of
Maturity |
|
Total |
|
Deferral of
Principal |
|
Deferral of
Principal and
Interest |
|
Reduction of
Principal
and Interest |
|
Extension of
Maturity |
|
Total |
|
(in thousands) |
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
462 |
|
|
$ |
1,423 |
|
|
$ |
174 |
|
|
$ |
— |
|
|
$ |
2,059 |
|
|
$ |
3,345 |
|
|
$ |
— |
|
|
$ |
1,148 |
|
|
$ |
741 |
|
|
$ |
5,234 |
|
Commercial and industrial loans |
265 |
|
|
107 |
|
|
669 |
|
|
430 |
|
|
1,471 |
|
|
— |
|
|
166 |
|
|
386 |
|
|
150 |
|
|
702 |
|
Consumer loans |
746 |
|
|
— |
|
|
— |
|
|
— |
|
|
746 |
|
|
— |
|
|
— |
|
|
93 |
|
|
— |
|
|
93 |
|
Total |
$ |
1,473 |
|
|
$ |
1,530 |
|
|
$ |
843 |
|
|
$ |
430 |
|
|
$ |
4,276 |
|
|
$ |
3,345 |
|
|
$ |
166 |
|
|
$ |
1,627 |
|
|
$ |
891 |
|
|
$ |
6,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
$ |
1,935 |
|
|
$ |
3,761 |
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
5,760 |
|
|
$ |
3,409 |
|
|
$ |
— |
|
|
$ |
1,387 |
|
|
$ |
1,237 |
|
|
$ |
6,033 |
|
Commercial and industrial loans |
131 |
|
|
123 |
|
|
1,173 |
|
|
102 |
|
|
1,529 |
|
|
6 |
|
|
182 |
|
|
503 |
|
|
427 |
|
|
1,118 |
|
Consumer loans |
811 |
|
|
— |
|
|
— |
|
|
— |
|
|
811 |
|
|
— |
|
|
— |
|
|
108 |
|
|
— |
|
|
108 |
|
Total |
$ |
2,877 |
|
|
$ |
3,884 |
|
|
$ |
1,237 |
|
|
$ |
102 |
|
|
$ |
8,100 |
|
|
$ |
3,415 |
|
|
$ |
182 |
|
|
$ |
1,998 |
|
|
$ |
1,664 |
|
|
$ |
7,259 |
|
|
| Non-PCI Loans |
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
| Credit Quality of Loans and Leases Portfolios |
As of December 31, 2018 and 2017, pass/pass-watch, special mention and classified (substandard and doubtful) loans and leases, disaggregated by loan class, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass/Pass-Watch |
|
Special Mention |
|
Classified |
|
Total |
|
(in thousands) |
December 31, 2018 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
901,354 |
|
|
$ |
16 |
|
|
$ |
4,890 |
|
|
$ |
906,260 |
|
Hospitality |
821,542 |
|
|
168 |
|
|
8,969 |
|
|
830,679 |
|
Other |
1,441,219 |
|
|
2,723 |
|
|
5,328 |
|
|
1,449,270 |
|
Total commercial property loans |
3,164,115 |
|
|
2,907 |
|
|
19,187 |
|
|
3,186,209 |
|
Construction |
71,583 |
|
|
— |
|
|
— |
|
|
71,583 |
|
Residential property |
500,424 |
|
|
— |
|
|
139 |
|
|
500,563 |
|
Total real estate loans |
3,736,122 |
|
|
2,907 |
|
|
19,326 |
|
|
3,758,355 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
197,992 |
|
|
4,977 |
|
|
3,722 |
|
|
206,691 |
|
Commercial lines of credit |
172,338 |
|
|
21,107 |
|
|
587 |
|
|
194,032 |
|
International loans |
29,180 |
|
|
— |
|
|
— |
|
|
29,180 |
|
Total commercial and industrial loans |
399,510 |
|
|
26,084 |
|
|
4,309 |
|
|
429,903 |
|
Leases receivable |
393,729 |
|
|
— |
|
|
5,129 |
|
|
398,858 |
|
Consumer loans |
12,454 |
|
|
191 |
|
|
779 |
|
|
13,424 |
|
Total |
$ |
4,541,815 |
|
|
$ |
29,182 |
|
|
$ |
29,543 |
|
|
$ |
4,600,540 |
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
909,682 |
|
|
$ |
454 |
|
|
$ |
5,137 |
|
|
$ |
915,273 |
|
Hospitality |
667,254 |
|
|
4,976 |
|
|
9,095 |
|
|
681,325 |
|
Other |
1,397,658 |
|
|
11,045 |
|
|
8,570 |
|
|
1,417,273 |
|
Total commercial property loans |
2,974,594 |
|
|
16,475 |
|
|
22,802 |
|
|
3,013,871 |
|
Construction |
55,190 |
|
|
— |
|
|
— |
|
|
55,190 |
|
Residential property |
521,261 |
|
|
305 |
|
|
287 |
|
|
521,853 |
|
Total real estate loans |
3,551,045 |
|
|
16,780 |
|
|
23,089 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
179,835 |
|
|
439 |
|
|
2,411 |
|
|
182,685 |
|
Commercial lines of credit |
181,462 |
|
|
250 |
|
|
182 |
|
|
181,894 |
|
International loans |
34,622 |
|
|
— |
|
|
— |
|
|
34,622 |
|
Total commercial and industrial loans |
395,919 |
|
|
689 |
|
|
2,593 |
|
|
399,201 |
|
Leases receivable |
292,832 |
|
|
— |
|
|
4,452 |
|
|
297,284 |
|
Consumer loans |
15,995 |
|
|
— |
|
|
1,064 |
|
|
17,059 |
|
Total |
$ |
4,255,791 |
|
|
$ |
17,469 |
|
|
$ |
31,198 |
|
|
$ |
4,304,458 |
|
|
| Analysis of Gross Loans and Leases, Disaggregated by Loan Class |
The following is an aging analysis of gross loans and leases, disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days
Past Due
|
|
60-89 Days
Past Due
|
|
90 Days or
More Past
Due
|
|
Total Past Due |
|
Current |
|
Total |
|
(in thousands) |
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
221 |
|
|
$ |
— |
|
|
$ |
986 |
|
|
$ |
1,207 |
|
|
$ |
905,053 |
|
|
$ |
906,260 |
|
Hospitality |
65 |
|
|
1,203 |
|
|
1,893 |
|
|
3,161 |
|
|
827,518 |
|
|
830,679 |
|
Other |
816 |
|
|
206 |
|
|
1,205 |
|
|
2,227 |
|
|
1,447,043 |
|
|
1,449,270 |
|
Total commercial property loans |
1,102 |
|
|
1,409 |
|
|
4,084 |
|
|
6,595 |
|
|
3,179,614 |
|
|
3,186,209 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
71,583 |
|
|
71,583 |
|
Residential property |
3,947 |
|
|
273 |
|
|
44 |
|
|
4,264 |
|
|
496,299 |
|
|
500,563 |
|
Total real estate loans |
5,049 |
|
|
1,682 |
|
|
4,128 |
|
|
10,859 |
|
|
3,747,496 |
|
|
3,758,355 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
334 |
|
|
49 |
|
|
1,117 |
|
|
1,500 |
|
|
205,191 |
|
|
206,691 |
|
Commercial lines of credit |
— |
|
|
— |
|
|
587 |
|
|
587 |
|
|
193,445 |
|
|
194,032 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
29,180 |
|
|
29,180 |
|
Total commercial and industrial loans |
334 |
|
|
49 |
|
|
1,704 |
|
|
2,087 |
|
|
427,816 |
|
|
429,903 |
|
Leases receivable |
4,681 |
|
|
845 |
|
|
3,737 |
|
|
9,263 |
|
|
389,595 |
|
|
398,858 |
|
Consumer loans |
146 |
|
|
— |
|
|
— |
|
|
146 |
|
|
13,278 |
|
|
13,424 |
|
Total |
$ |
10,210 |
|
|
$ |
2,576 |
|
|
$ |
9,569 |
|
|
$ |
22,355 |
|
|
$ |
4,578,185 |
|
|
$ |
4,600,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
96 |
|
|
$ |
15 |
|
|
$ |
630 |
|
|
$ |
741 |
|
|
$ |
914,532 |
|
|
$ |
915,273 |
|
Hospitality |
3,421 |
|
|
168 |
|
|
398 |
|
|
3,987 |
|
|
677,338 |
|
|
681,325 |
|
Other |
1,245 |
|
|
1,333 |
|
|
563 |
|
|
3,141 |
|
|
1,414,132 |
|
|
1,417,273 |
|
Total commercial property loans |
4,762 |
|
|
1,516 |
|
|
1,591 |
|
|
7,869 |
|
|
3,006,002 |
|
|
3,013,871 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
55,190 |
|
|
55,190 |
|
Residential property |
609 |
|
|
— |
|
|
— |
|
|
609 |
|
|
521,244 |
|
|
521,853 |
|
Total real estate loans |
5,371 |
|
|
1,516 |
|
|
1,591 |
|
|
8,478 |
|
|
3,582,436 |
|
|
3,590,914 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
430 |
|
|
567 |
|
|
829 |
|
|
1,826 |
|
|
180,859 |
|
|
182,685 |
|
Commercial lines of credit |
250 |
|
|
— |
|
|
182 |
|
|
432 |
|
|
181,462 |
|
|
181,894 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
34,622 |
|
|
34,622 |
|
Total commercial and industrial loans |
680 |
|
|
567 |
|
|
1,011 |
|
|
2,258 |
|
|
396,943 |
|
|
399,201 |
|
Leases receivable |
2,295 |
|
|
944 |
|
|
3,554 |
|
|
6,793 |
|
|
290,491 |
|
|
297,284 |
|
Consumer loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
17,059 |
|
|
17,059 |
|
Total |
$ |
8,346 |
|
|
$ |
3,027 |
|
|
$ |
6,156 |
|
|
$ |
17,529 |
|
|
$ |
4,286,929 |
|
|
$ |
4,304,458 |
|
|