Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2015

Loans and Leases Receivable Disclosure [Abstract]

Schedule of loans and leases

Loans and Leases at March 31, 2015 and December 31, 2014 were as follows:

	03/31/2015								12/31/2014
(in thousands)	Originated			Acquired		Total Loans and Leases			Originated			Acquired		Total Loans and Leases
Commercial and industrial
Agriculture	$	58,742		$	0	$	58,742		$	78,507		$	0	$	78,507
Commercial and industrial other		707,283			93,013		800,296			688,529			97,034		785,563
Subtotal commercial and industrial		766,025			93,013		859,038			767,036			97,034		864,070
Commercial real estate
Construction		70,657			44,219		114,876			72,427			35,906		108,333
Agriculture		59,905			2,344		62,249			58,994			3,182		62,176
Commercial real estate other		1,016,309			287,823		1,304,132			979,621			308,488		1,288,109
Subtotal commercial real estate		1,146,871			334,386		1,481,257			1,111,042			347,576		1,458,618
Residential real estate
Home equity		188,546			52,715		241,261			186,957			56,008		242,965
Mortgages		732,643			31,095		763,738			710,904			32,282		743,186
Subtotal residential real estate		921,189			83,810		1,004,999			897,861			88,290		986,151
Consumer and other
Indirect		17,716			0		17,716			18,298			0		18,298
Consumer and other		35,947			1,047		36,994			35,874			1,095		36,969
Subtotal consumer and other		53,663			1,047		54,710			54,172			1,095		55,267
Leases		13,106			0		13,106			12,251			0		12,251
Covered loans		0			16,768		16,768			0			19,319		19,319
Total loans and leases		2,900,854			529,024		3,429,878			2,842,362			553,314		3,395,676
Less: unearned income and deferred costs and fees		(2,321	)		0		(2,321	)		(2,388	)		0		(2,388	)
Total loans and leases, net of unearned income and deferred costs and fees	$	2,898,533		$	529,024	$	3,427,557		$	2,839,974		$	553,314	$	3,393,288

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, 2015 and December 31, 2014:

(in thousands)	03/31/2015		12/31/2014
Acquired Credit Impaired Loans
Outstanding principal balance	$	40,545	$	44,273
Carrying amount		31,003		34,410
Acquired Non-Credit Impaired Loans
Outstanding principal balance		503,249		525,182
Carrying amount		498,021		518,904
Total Acquired Loans
Outstanding principal balance		543,794		569,455
Carrying amount		529,024		553,314

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, 2014	$	10,954
Accretion		(4,598	)
Disposals (loans paid in full)		(250	)
Reclassifications to/from nonaccretable difference1		2,498
Other changes in expected cash flows2		0
Balance at December 31, 2014	$	8,604
(in thousands)
Balance at January 1, 2015	$	8,604
Accretion		(837	)
Disposals (loans paid in full)		(39	)
Reclassifications to/from nonaccretable difference1		660
Other changes in expected cash flows2		0
Balance at March 31, 2015	$	8,388

¹ Results 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, 2015 and December 31, 2014.

March 31, 2015
(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	$	58,742	$	58,742		$	0	$	0
Commercial and industrial other		389		1,228		705,666		707,283			0		960
Subtotal commercial and industrial		389		1,228		764,408		766,025			0		960
Commercial real estate
Construction		0		0		70,657		70,657			0		0
Agriculture		0		0		59,905		59,905			0		115
Commercial real estate other		573		3,381		1,012,355		1,016,309			0		4,510
Subtotal commercial real estate		573		3,381		1,142,917		1,146,871			0		4,625
Residential real estate
Home equity		117		2,046		186,383		188,546			59		1,374
Mortgages		1,041		6,329		725,273		732,643			177		6,609
Subtotal residential real estate		1,158		8,375		911,656		921,189			236		7,983
Consumer and other
Indirect		308		39		17,369		17,716			0		62
Consumer and other		10		146		35,791		35,947			0		181
Subtotal consumer and other		318		185		53,160		53,663			0		243
Leases		0		0		13,106		13,106			0		0
Total loans and leases		2,438		13,169		2,885,247		2,900,854			236		13,811
Less: unearned income and deferred costs and fees		0		0		0		(2,321	)		0		0
Total originated loans and leases, net of unearned income and deferred costs and fees	$	2,438	$	13,169	$	2,885,247	$	2,898,533		$	236	$	13,811
Acquired Loans and Leases
Commercial and industrial
Commercial and industrial other		0		775		92,238		93,013			486		669
Subtotal commercial and industrial		0		775		92,238		93,013			486		669
Commercial real estate
Construction		0		1,719		42,500		44,219			1,347		372
Agriculture		0		0		2,344		2,344			0		0
Commercial real estate other		1,412		1,851		284,560		287,823			116		2,061
Subtotal commercial real estate		1,412		3,570		329,404		334,386			1,463		2,433
Residential real estate
Home equity		197		549		51,969		52,715			190		616
Mortgages		937		883		29,275		31,095			672		965
Subtotal residential real estate		1,134		1,432		81,244		83,810			862		1,581
Consumer and other
Consumer and other		0		0		1,047		1,047			0		0
Subtotal consumer and other		0		0		1,047		1,047			0		0
Covered loans		547		682		15,539		16,768			682		0
Total acquired loans and leases, net of unearned income and deferred costs and fees	$	3,093	$	6,459	$	519,472	$	529,024		$	3,493	$	4,683

December 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	$	78,507	$	78,507		$	0	$	0
Commercial and industrial other		889		1,329		686,311		688,529			0		1,435
Subtotal commercial and industrial		889		1,329		764,818		767,036			0		1,435
Commercial real estate
Construction		206		0		72,221		72,427			0		0
Agriculture		0		105		58,889		58,994			0		131
Commercial real estate other		760		3,247		975,614		979,621			0		4,911
Subtotal commercial real estate		966		3,352		1,106,724		1,111,042			0		5,042
Residential real estate
Home equity		1,414		1,061		184,482		186,957			59		1,279
Mortgages		2,963		5,308		702,633		710,904			47		6,194
Subtotal residential real estate		4,377		6,369		887,115		897,861			106		7,473
Consumer and other
Indirect		542		75		17,681		18,298			0		101
Consumer and other		75		4		35,795		35,874			0		248
Subtotal consumer and other		617		79		53,476		54,172			0		349
Leases		0		0		12,251		12,251			0		0
Total loans and leases		6,849		11,129		2,824,384		2,842,362			106		14,299
Less: unearned income and deferred costs and fees		0		0		0		(2,388	)		0		0
Total originated loans and leases, net of unearned income and deferred costs and fees	$	6,849	$	11,129	$	2,824,384	$	2,839,974		$	106	$	14,299
Acquired loans and leases
Commercial and industrial
Commercial and industrial other		5		1,156		95,873		97,034			475		681
Subtotal commercial and industrial		5		1,156		95,873		97,034			475		681
Commercial real estate
Construction		0		1,759		34,147		35,906			1,385		436
Agriculture		0		0		3,182		3,182			0		0
Commercial real estate other		0		1,918		306,570		308,488			77		2,042
Subtotal commercial real estate		0		3,677		343,899		347,576			1,462		2,478
Residential real estate
Home equity		135		704		55,169		56,008			177		592
Mortgages		1,041		907		30,334		32,282			500		978
Subtotal residential real estate		1,176		1,611		85,503		88,290			677		1,570
Consumer and other
Consumer and other		5		0		1,090		1,095			0		0
Subtotal consumer and other		5		0		1,090		1,095			0		0
Covered loans		533		914		17,872		19,319			914		0
Total acquired loans and leases, net of unearned income and deferred costs and fees	$	1,719	$	7,358	$	544,237	$	553,314		$	3,528	$	4,729

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