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Loans (Tables)
12 Months Ended
Dec. 31, 2014
Loans and Leases Receivable Disclosure [Abstract]  
Summary of Loan Portfolio
The following table shows the Company's loan portfolio by category as of the dates shown:
(Dollars in thousands)
 
December 31,
2014
 
December 31,
2013
Balance:
 
 
 
 
Commercial
 
$
3,924,394

 
$
3,253,687

Commercial real-estate
 
4,505,753

 
4,230,035

Home equity
 
716,293

 
719,137

Residential real-estate
 
483,542

 
434,992

Premium finance receivables—commercial
 
2,350,833

 
2,167,565

Premium finance receivables—life insurance
 
2,277,571

 
1,923,698

Consumer and other
 
151,012

 
167,488

Total loans, net of unearned income, excluding covered loans
 
$
14,409,398

 
$
12,896,602

Covered loans
 
226,709

 
346,431

Total loans, net of unearned income
 
$
14,636,107

 
$
13,243,033

Mix:
 
 
 
 
Commercial
 
26
%
 
25
%
Commercial real-estate
 
31

 
32

Home equity
 
5

 
5

Residential real-estate
 
3

 
3

Premium finance receivables—commercial
 
16

 
16

Premium finance receivables—life insurance
 
16

 
15

Consumer and other
 
1

 
1

Total loans, net of unearned income, excluding covered loans
 
98
%
 
97
%
Covered loans
 
2

 
3

Total loans, net of unearned income
 
100
%
 
100
%
Unpaid Principal Balance and Carrying Value of Acquired Loans
The following table presents the unpaid principal balance and carrying value for these acquired loans:
 
 
December 31, 2014
 
December 31, 2013
(Dollars in thousands)
 
Unpaid
Principal
Balance
 
Carrying
Value
 
Unpaid
Principal
Balance
 
Carrying
Value
Bank acquisitions
 
$
285,809

 
$
227,229

 
$
453,944

 
$
338,517

Life insurance premium finance loans acquisition
 
399,665

 
393,479

 
437,155

 
423,906

Activity Related to Accretable Yield of Loans Acquired with Evidence of Credit Quality Deterioration Since Origination
The following table provides activity for the accretable yield of PCI loans.
 
 
Years Ended December 31,
 
 
2014
 
2013
(Dollars in thousands)
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
 
$
107,655

 
$
8,254

 
$
143,224

 
$
13,055

Acquisitions
 

 

 
5,428

 

Accretable yield amortized to interest income
 
(29,893
)
 
(7,063
)
 
(36,898
)
 
(8,795
)
Accretable yield amortized to indemnification asset (1)
 
(30,691
)
 

 
(36,202
)
 

Reclassification from non-accretable difference (2)
 
35,782

 
185

 
50,873

 
2,840

(Decreases) increases in interest cash flows due to payments and changes in interest rates
 
(5,368
)
 
241

 
(18,770
)
 
1,154

Accretable yield, ending balance (3)
 
$
77,485

 
$
1,617

 
$
107,655

 
$
8,254

 
(1)
Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset.
(2)
Reclassification is the result of subsequent increases in expected principal cash flows.
(3)
As of December 31, 2014, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $18.5 million The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.