Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

Schedule of loans and leases

Loans and Leases at March 31, 2014 and December 31, 2013 were as follows:

	03/31/2014								12/31/2013
(in thousands)	Originated			Acquired		Total Loans and Leases			Originated			Acquired		Total Loans and Leases
Commercial and industrial
Agriculture	$	53,261		$	0	$	53,261		$	74,788		$	0	$	74,788
Commercial and industrial other		577,784			129,878		707,662			562,439			128,503		690,942
Subtotal commercial and industrial		631,045			129,878		760,923			637,227			128,503		765,730
Commercial real estate
Construction		53,380			40,655		94,035			46,441			39,353		85,794
Agriculture		57,225			3,055		60,280			52,627			3,135		55,762
Commercial real estate other		922,024			351,095		1,273,119			903,320			366,438		1,269,758
Subtotal commercial real estate		1,032,629			394,805		1,427,434			1,002,388			408,926		1,411,314
Residential real estate
Home equity		173,169			64,039		237,208			171,809			67,183		238,992
Mortgages		663,335			34,704		698,039			658,966			35,336		694,302
Subtotal residential real estate		836,504			98,743		935,247			830,775			102,519		933,294
Consumer and other
Indirect		19,902			2		19,904			21,202			5		21,207
Consumer and other		32,154			1,156		33,310			32,312			1,219		33,531
Subtotal consumer and other		52,056			1,158		53,214			53,514			1,224		54,738
Leases		5,529			0		5,529			5,563			0		5,563
Covered loans		0			24,106		24,106			0			25,868		25,868
Total loans and leases		2,557,763			648,690		3,206,453			2,529,467			667,040		3,196,507
Less: unearned income and deferred costs and fees		(2,241	)		0		(2,241	)		(2,223	)		0		(2,223	)
Total loans and leases, net of unearned income and deferred costs and fees	$	2,555,522		$	648,690	$	3,204,212		$	2,527,244		$	667,040	$	3,194,284

Schedule of outstanding principal and the related carrying amount of loans acquired in the VIST Bank Acquisition

The outstanding principal balance and the related carrying amount of the Company’s loans acquired in the VIST Bank acquisition are as follows at March 31, 2014 and December 31, 2013:

(in thousands)	03/31/2014		12/31/2013
Acquired Credit Impaired Loans
Outstanding principal balance	$	57,121	$	59,979
Carrying amount		43,194		46,809
Acquired Non-Credit Impaired Loans
Outstanding principal balance		615,510		630,600
Carrying amount		605,496		59,979
Total Acquired Loans
Outstanding principal balance		672,631		736,816
Carrying amount		648,690		667,040

Schedule of the change in the accretable yield

The following tables present changes in accretable yield on loans acquired from VIST Bank that were considered credit impaired.

(in thousands)
Balance at January 1, 2013	$	7,337
Accretion		(8,896	)
Disposals (loans paid in full)		(212	)
Reclassifications to/from nonaccretable difference1		7,933
Other changes in expected cash flows2		4,792
Balance at December 31, 2013	$	10,954

(in thousands)
Balance at January 1, 2014	$	10,954
Accretion		(1,264	)
Disposals (loans paid in full)		(211	)
Reclassifications to/from nonaccretable difference1		752
Other changes in expected cash flows2		0
Balance at March 31, 2014	$	10,231

¹Results in increased interest income as a prospective yield adjustment over the remaining life of the loans, as well as increased interest income from loan sales, modification and prepayments. 

² Represents changes in cash flows expected to be collected due to factors other than credit (e.g. changes in prepayment assumptions and/or changes in interest rates on variable rate loans).

Schedule of age analysis of past due loans

The below table is an age analysis of past due loans, segregated by originated and acquired loan and lease portfolios, and by class of loans, as of March 31, 2014 and December 31, 2013.

March 31, 2014
(in thousands)	30-89 days		90 days or more		Current Loans		Total Loans			90 days and accruing1		Nonaccrual
Originated Loans and Leases
Commercial and industrial
Agriculture	$	0	$	0	$	53,261	$	53,261		$	0	$	0
Commercial and industrial other		971		410		576,403		577,784			0		413
Subtotal commercial and industrial		971		410		629,664		631,045			0		413
Commercial real estate
Construction		0		8,558		44,822		53,380			0		9,335
Agriculture		17		0		57,208		57,225			0		25
Commercial real estate other		389		7,427		914,208		922,024			278		8,486
Subtotal commercial real estate		406		15,985		1,016,238		1,032,629			278		17,846
Residential real estate
Home equity		269		1,647		171,253		173,169			61		1,933
Mortgages		2,971		6,098		654,266		663,335			0		6,545
Subtotal residential real estate		3,240		7,745		825,519		836,504			61		8,478
Consumer and other
Indirect		462		203		19,237		19,902			0		234
Consumer and other		523		0		31,631		32,154			0		3
Subtotal consumer and other		985		203		50,868		52,056			0		237
Leases		58		0		5,471		5,529			0		0
Total loans and leases		5,660		24,343		2,527,760		2,557,763			339		26,974
Less: unearned income and deferred costs and fees		0		0		0		(2,241	)		0		0
Total originated loans and leases, net of unearned income and deferred costs and fees	$	5,660	$	24,343	$	2,527,760	$	2,555,522		$	339	$	26,974
Acquired Loans and Leases
Commercial and industrial
Commercial and industrial other		368		1,488		128,022		129,878			859		930
Subtotal commercial and industrial		368		1,488		128,022		129,878			859		930
Commercial real estate
Construction		0		2,160		38,495		40,655			1,691		469
Agriculture		0		0		3,055		3,055			0		0
Commercial real estate other		956		2,251		347,888		351,095			341		3,130
Subtotal commercial real estate		956		4,411		389,438		394,805			2,032		3,599
Residential real estate
Home equity		265		956		62,818		64,039			351		773
Mortgages		702		681		33,321		34,704			504		1,634
Subtotal residential real estate		967		1,637		96,139		98,743			855		2,407
Consumer and other
Indirect		0		0		2		2			0		0
Consumer and other		2		0		1,154		1,156			0		0
Subtotal consumer and other		2		0		1,156		1,158			0		0
Covered loans		635		1,705		21,766		24,106			1,135		0
Total acquired loans and leases, net of unearned income and deferred costs and fees	$	2,928	$	9,241	$	636,521	$	648,690		$	4,881	$	6,936

¹ Includes acquired loans that were recorded at fair value at the acquisition date. 

December 31, 2013
(in thousands)	30-89 days		90 days or more		Current Loans		Total Loans			90 days and accruing1		Nonaccrual
Originated loans and leases
Commercial and industrial
Agriculture	$	0	$	0	$	74,788	$	74,788		$	0	$	0
Commercial and industrial other		211		1,187		561,041		562,439			0		1,260
Subtotal commercial and industrial		211		1,187		635,829		637,227			0		1,260
Commercial real estate
Construction		216		7,657		38,568		46,441			0		9,873
Agriculture		180		0		52,447		52,627			0		46
Commercial real estate other		1,104		6,976		895,240		903,320			161		9,522
Subtotal commercial real estate		1,500		14,633		986,255		1,002,388			161		19,441
Residential real estate
Home equity		784		1,248		169,777		171,809			62		1,477
Mortgages		2,439		5,946		650,581		658,966			384		7,443
Subtotal residential real estate		3,223		7,194		820,358		830,775			446		8,920
Consumer and other
Indirect		768		152		20,282		21,202			0		216
Consumer and other		60		0		32,252		32,312			0		38
Subtotal consumer and other		828		152		52,534		53,514			0		254
Leases		0		0		5,563		5,563			0		0
Total loans and leases		5,762		23,166		2,500,539		2,529,467			607		29,875
Less: unearned income and deferred costs and fees		0		0		0		(2,223	)		0		0
Total originated loans and leases, net of unearned income and deferred costs and fees	$	5,762	$	23,166	$	2,500,539	$	2,527,244		$	607	$	29,875
Acquired loans and leases
Commercial and industrial
Commercial and industrial other		554		1,651		126,298		128,503			1,231		419
Subtotal commercial and industrial		554		1,651		126,298		128,503			1,231		419
Commercial real estate
Construction		0		2,148		37,205		39,353			1,676		473
Agriculture		0		0		3,135		3,135			0		0
Commercial real estate other		403		3,585		362,450		366,438			709		3,450
Subtotal commercial real estate		403		5,733		402,790		408,926			2,385		3,923
Residential real estate
Home equity		213		934		66,036		67,183			347		1,844
Mortgages		345		1,264		33,727		35,336			594		2,322
Subtotal residential real estate		558		2,198		99,763		102,519			941		4,166
Consumer and other
Indirect		0		0		5		5			0		0
Consumer and other		17		0		1,202		1,219			0		0
Subtotal consumer and other		17		0		1,207		1,224			0		0
Covered loans		0		2,416		23,452		25,868			2,416		0
Total acquired loans and leases, net of unearned income and deferred costs and fees	$	1,532	$	11,998	$	653,510	$	667,040		$	6,973	$	8,508

¹ Includes acquired loans that were recorded at fair value at the acquisition date.