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Loans (Tables)
 6 Months Ended
Jun. 30, 2015
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:
 
June 30,
 
December 31,
 
June 30,
(Dollars in thousands)
2015
 
2014
 
2014
Balance:
 
 
 
 
 
Commercial
$
4,330,344

 
$
3,924,394

 
$
3,640,430

Commercial real estate
4,850,590

 
4,505,753

 
4,353,472

Home equity
712,350

 
716,293

 
713,642

Residential real estate
503,015

 
483,542

 
451,905

Premium finance receivables—commercial
2,460,408

 
2,350,833

 
2,378,529

Premium finance receivables—life insurance
2,537,475

 
2,277,571

 
2,051,645

Consumer and other
119,468

 
151,012

 
160,373

Total loans, net of unearned income, excluding covered loans
$
15,513,650

 
$
14,409,398

 
$
13,749,996

Covered loans
193,410

 
226,709

 
275,154

Total loans
$
15,707,060

 
$
14,636,107

 
$
14,025,150

Mix:
 
 
 
 
 
Commercial
27
%
 
26
%
 
26
%
Commercial real estate
31

 
31

 
31

Home equity
5

 
5

 
5

Residential real estate
3

 
3

 
3

Premium finance receivables—commercial
16

 
16

 
17

Premium finance receivables—life insurance
16

 
16

 
15

Consumer and other
1

 
1

 
1

Total loans, net of unearned income, excluding covered loans
99
%
 
98
%
 
98
%
Covered loans
1

 
2

 
2

Total loans
100
%
 
100
%
 
100
%
Schedule of Unpaid Principal Balance and Carrying Value of Acquired Loans
The following table presents the unpaid principal balance and carrying value for these acquired loans:
 
June 30, 2015
 
December 31, 2014
 
Unpaid
Principal
 
Carrying
 
Unpaid
Principal
 
Carrying
(Dollars in thousands)
Balance
 
Value
 
Balance
 
Value
Bank acquisitions
$
251,529

 
$
204,898

 
$
285,809

 
$
227,229

Life insurance premium finance loans acquisition
388,773

 
384,320

 
399,665

 
393,479
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
The following table provides estimated details as of the date of acquisition on loans acquired in 2015 with evidence of credit quality deterioration since origination:
(Dollars in thousands)
Delavan
Contractually required payments including interest
$
15,791

Less: Nonaccretable difference
1,442

   Cash flows expected to be collected (1)  
14,349

Less: Accretable yield
898

    Fair value of PCI loans acquired
13,451


(1) Represents undiscounted expected principal and interest cash at acquisition.
Activity Related to Accretable Yield of Loans Acquired With Evidence of Credit Quality Deterioratio Since Origination
The following table provides activity for the accretable yield of PCI loans:

Three Months Ended
June 30, 2015
 
Three Months Ended
June 30, 2014
(Dollars in thousands)
Bank Acquisitions

Life Insurance
Premium Finance Loans

Bank
Acquisitions

Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
$
69,182


$
1,016


$
97,674


$
6,561

Acquisitions
—


—


—


—

Accretable yield amortized to interest income
(5,184
)

(1,131
)

(9,617
)

(1,433
)
Accretable yield amortized to indemnification asset (1)
(4,089
)

—


(11,161
)

—

Reclassification from non-accretable difference (2)
1,638


115


17,928


—

Increases (decreases) in interest cash flows due to payments and changes in interest rates
2,096


—


(2,722
)

51

Accretable yield, ending balance (3)
$
63,643


$
—


$
92,102


$
5,179


 
Six Months Ended
June 30, 2015
 
Six Months Ended
June 30, 2014
(Dollars in thousands)
Bank Acquisitions
 
Life Insurance
Premium Finance Loans
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
$
77,485

 
$
1,617

 
$
107,655

 
$
8,254

Acquisitions
898

 
—

 
—

 
—

Accretable yield amortized to interest income
(10,688
)
 
(1,732
)
 
(17,387
)
 
(3,204
)
Accretable yield amortized to indemnification asset (1)
(7,665
)
 
—

 
(16,809
)
 
—

Reclassification from non-accretable difference (2)
2,741

 
115

 
26,508

 
—

Increases (decreases) in interest cash flows due to payments and changes in interest rates
872

 
—

 
(7,865
)
 
129

Accretable yield, ending balance (3)
$
63,643

 
$
—

 
$
92,102

 
$
5,179



(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 June 30, 2015, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $12.3 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.