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Allowance for Loan Losses Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)
 12 Months Ended
Dec. 31, 2015
Loans and Leases Receivable, Allowance [Abstract]  
Schedule of Aging of the Company's Loan Portfolio
The tables below show the aging of the Company’s loan portfolio at December 31, 2015 and 2014:
 
As of December 31, 2015
(Dollars in thousands)
 
Nonaccrual
 
90+ days
and still
accruing
 
60-89
days past
due
 
30-59
days past
due
 
Current
 
Total Loans
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
12,416

 
$
6

 
$
6,749

 
$
12,930

 
$
2,819,253

 
$
2,851,354

Franchise
 
—

 
—

 
—

 
—

 
245,228

 
245,228

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
222,806

 
222,806

Community Advantage — homeowners association
 
—

 
—

 
—

 
—

 
130,986

 
130,986

Aircraft
 
288

 
—

 
—

 
—

 
5,039

 
5,327

Asset-based lending
 
8

 
—

 
3,864

 
1,844

 
736,968

 
742,684

Tax exempt
 
—

 
—

 
—

 
—

 
267,273

 
267,273

Leases
 
—

 
535

 
748

 
4,192

 
220,599

 
226,074

Other
 
—

 
—

 
—

 
—

 
3,588

 
3,588

PCI - commercial (1)
 
—

 
892

 
—

 
2,510

 
15,187

 
18,589

Total commercial
 
$
12,712

 
$
1,433

 
$
11,361

 
$
21,476

 
$
4,666,927

 
$
4,713,909

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Residential construction
 
$
273

 
$
—

 
$
—

 
$
45

 
$
70,063

 
$
70,381

Commercial construction
 
33

 
—

 
1,371

 
1,600

 
285,275

 
288,279

Land
 
1,751

 
—

 
—

 
120

 
76,546

 
78,417

Office
 
4,619

 
—

 
764

 
3,817

 
853,801

 
863,001

Industrial
 
9,564

 
—

 
1,868

 
1,009

 
715,207

 
727,648

Retail
 
1,760

 
—

 
442

 
2,310

 
863,887

 
868,399

Multi-family
 
1,954

 
—

 
597

 
6,568

 
733,230

 
742,349

Mixed use and other
 
6,691

 
—

 
6,723

 
7,215

 
1,712,187

 
1,732,816

PCI - commercial real estate (1)
 
—

 
22,111

 
4,662

 
16,559

 
114,667

 
157,999

Total commercial real estate
 
$
26,645

 
$
22,111

 
$
16,427

 
$
39,243

 
$
5,424,863

 
$
5,529,289

Home equity
 
6,848

 
—

 
1,889

 
5,517

 
770,421

 
784,675

Residential real estate
 
12,043

 
—

 
1,964

 
3,824

 
586,154

 
603,985

PCI - residential real estate (1)
 
—

 
488

 
202

 
79

 
2,697

 
3,466

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
14,561

 
10,294

 
6,624

 
21,656

 
2,321,786

 
2,374,921

Life insurance loans
 
—

 
—

 
3,432

 
11,140

 
2,578,632

 
2,593,204

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
368,292

 
368,292

Consumer and other
 
263

 
211

 
204

 
1,187

 
144,511

 
146,376

Total loans, net of unearned income, excluding covered loans
 
$
73,072

 
$
34,537

 
$
42,103

 
$
104,122

 
$
16,864,283

 
$
17,118,117

Covered loans
 
5,878

 
7,335

 
703

 
5,774

 
128,983

 
148,673

Total loans, net of unearned income
 
$
78,950

 
$
41,872

 
$
42,806

 
$
109,896

 
$
16,993,266

 
$
17,266,790

(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4 - Loans for further discussion of these purchased loans.
As of December 31, 2014
(Dollars in thousands)
 
Nonaccrual
 
90+ days
and still
accruing
 
60-89
days past
due
 
30-59
days past
due
 
Current
 
Total Loans
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
9,132

 
$
474

 
$
3,161

 
$
7,492

 
$
2,194,221

 
$
2,214,480

Franchise
 
—

 
—

 
308

 
1,219

 
250,673

 
252,200

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
139,003

 
139,003

Community Advantage — homeowners association
 
—

 
—

 
—

 
—

 
106,364

 
106,364

Aircraft
 
—

 
—

 
—

 
—

 
8,065

 
8,065

Asset-based lending
 
25

 
—

 
1,375

 
2,394

 
802,608

 
806,402

Tax exempt
 
—

 
—

 
—

 
—

 
217,487

 
217,487

Leases
 
—

 
—

 
77

 
315

 
159,744

 
160,136

Other
 
—

 
—

 
—

 
—

 
11,034

 
11,034

PCI - commercial (1)
 
—

 
365

 
202

 
138

 
8,518

 
9,223

Total commercial
 
$
9,157

 
$
839

 
$
5,123

 
$
11,558

 
$
3,897,717

 
$
3,924,394

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Residential construction
 
$
—

 
$
—

 
$
250

 
$
76

 
$
38,370

 
$
38,696

Commercial construction
 
230

 
—

 
—

 
2,023

 
185,513

 
187,766

Land
 
2,656

 
—

 
—

 
2,395

 
86,779

 
91,830

Office
 
7,288

 
—

 
2,621

 
1,374

 
694,149

 
705,432

Industrial
 
2,392

 
—

 
—

 
3,758

 
617,820

 
623,970

Retail
 
4,152

 
—

 
116

 
3,301

 
723,919

 
731,488

Multi-family
 
249

 
—

 
249

 
1,921

 
603,323

 
605,742

Mixed use and other
 
9,638

 
—

 
2,603

 
9,023

 
1,443,853

 
1,465,117

PCI - commercial real estate (1)
 
—

 
10,976

 
6,393

 
4,016

 
34,327

 
55,712

Total commercial real estate
 
$
26,605

 
$
10,976

 
$
12,232

 
$
27,887

 
$
4,428,053

 
$
4,505,753

Home equity
 
6,174

 
—

 
983

 
3,513

 
705,623

 
716,293

Residential real estate
 
15,502

 
—

 
267

 
6,315

 
459,224

 
481,308

PCI - residential real estate (1)
 
—

 
549

 
—

 
—

 
1,685

 
2,234

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
12,705

 
7,665

 
5,995

 
17,328

 
2,307,140

 
2,350,833

Life insurance loans
 
—

 
—

 
13,084

 
339

 
1,870,669

 
1,884,092

PCI - life insurance loans (1)
 
—

 
—

 
—

 
—

 
393,479

 
393,479

Consumer and other
 
277

 
119

 
293

 
838

 
149,485

 
151,012

Total loans, net of unearned income, excluding covered loans
 
$
70,420

 
$
20,148

 
$
37,977

 
$
67,778

 
$
14,213,075

 
$
14,409,398

Covered loans
 
7,290

 
17,839

 
1,304

 
4,835

 
195,441

 
226,709

Total loans, net of unearned income
 
$
77,710

 
$
37,987

 
$
39,281

 
$
72,613

 
$
14,408,516

 
$
14,636,107

 
(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4 - Loans for further discussion of these purchased loans.
Summary of Recorded Investment Based on Performance of Loans by Class
The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at December 31, 2015 and 2014:
 
 
 
Performing
 
Non-performing
 
Total
 
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
(Dollars in thousands)
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Loan Balances:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
2,838,932

 
$
2,204,874

 
$
12,422

 
$
9,606

 
$
2,851,354

 
$
2,214,480

Franchise
 
245,228

 
252,200

 
—

 
—

 
245,228

 
252,200

Mortgage warehouse lines of credit
 
222,806

 
139,003

 
—

 
—

 
222,806

 
139,003

Community Advantage—homeowners association
 
130,986

 
106,364

 
—

 
—

 
130,986

 
106,364

Aircraft
 
5,039

 
8,065

 
288

 
—

 
5,327

 
8,065

Asset-based lending
 
742,676

 
806,377

 
8

 
25

 
742,684

 
806,402

Tax exempt
 
267,273

 
217,487

 
—

 
—

 
267,273

 
217,487

Leases
 
225,539

 
160,136

 
535

 
—

 
226,074

 
160,136

Other
 
3,588

 
11,034

 
—

 
—

 
3,588

 
11,034

PCI - commercial (1)
 
18,589

 
9,223

 
—

 
—

 
18,589

 
9,223

Total commercial
 
$
4,700,656

 
$
3,914,763

 
$
13,253

 
$
9,631

 
$
4,713,909

 
$
3,924,394

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Residential construction
 
$
70,108

 
$
38,696

 
$
273

 
$
—

 
$
70,381

 
$
38,696

Commercial construction
 
288,246

 
187,536

 
33

 
230

 
288,279

 
187,766

Land
 
76,666

 
89,174

 
1,751

 
2,656

 
78,417

 
91,830

Office
 
858,382

 
698,144

 
4,619

 
7,288

 
863,001

 
705,432

Industrial
 
718,084

 
621,578

 
9,564

 
2,392

 
727,648

 
623,970

Retail
 
866,639

 
727,336

 
1,760

 
4,152

 
868,399

 
731,488

Multi-family
 
740,395

 
605,493

 
1,954

 
249

 
742,349

 
605,742

Mixed use and other
 
1,726,125

 
1,455,479

 
6,691

 
9,638

 
1,732,816

 
1,465,117

PCI - commercial real estate (1)
 
157,999

 
55,712

 
—

 
—

 
157,999

 
55,712

Total commercial real estate
 
$
5,502,644

 
$
4,479,148

 
$
26,645

 
$
26,605

 
$
5,529,289

 
$
4,505,753

Home equity
 
777,827

 
710,119

 
6,848

 
6,174

 
784,675

 
716,293

Residential real estate
 
591,942

 
465,806

 
12,043

 
15,502

 
603,985

 
481,308

PCI - residential real estate (1)
 
3,466

 
2,234

 
—

 
—

 
3,466

 
2,234

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
 
 
Commercial insurance loans
 
2,350,066

 
2,330,463

 
24,855

 
20,370

 
2,374,921

 
2,350,833

Life insurance loans
 
2,593,204

 
1,884,092

 
—

 
—

 
2,593,204

 
1,884,092

PCI - life insurance loans (1)
 
368,292

 
393,479

 
—

 
—

 
368,292

 
393,479

Consumer and other
 
145,963

 
150,617

 
413

 
395

 
146,376

 
151,012

Total loans, net of unearned income, excluding covered loans
 
$
17,034,060

 
$
14,330,721

 
$
84,057

 
$
78,677

 
$
17,118,117

 
$
14,409,398

(1)
PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 4 - Loans for further discussion of these purchased loans.
Summary of Activity in the Allowance for Credit Losses by Loan Portfolio
A summary of the activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the years ended December 31, 2015 and 2014 is as follows:
 
Year Ended 
December 31, 2015
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total,
Excluding
Covered 
Loans
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at beginning of period
 
$
31,699

 
$
35,533

 
$
12,500

 
$
4,218

 
$
6,513

 
$
1,242

 
$
91,705

Other adjustments
 
(51
)
 
(419
)
 
—

 
(125
)
 
(142
)
 
—

 
(737
)
Reclassification to/from allowance for unfunded lending-related commitments
 
—

 
(138
)
 
—

 
—

 
—

 
—

 
(138
)
Charge-offs
 
(4,253
)
 
(6,543
)
 
(4,227
)
 
(2,903
)
 
(7,060
)
 
(521
)
 
(25,507
)
Recoveries
 
1,432

 
2,840

 
312

 
283

 
1,304

 
159

 
6,330

Provision for credit losses
 
7,308

 
12,485

 
3,427

 
3,261

 
6,618

 
648

 
33,747

Allowance for loan losses at period end
 
$
36,135

 
$
43,758

 
$
12,012

 
$
4,734

 
$
7,233

 
$
1,528

 
$
105,400

Allowance for unfunded lending-related commitments at period end
 
—

 
949

 
—

 
—

 
—

 
—

 
949

Allowance for credit losses at period end
 
$
36,135

 
$
44,707

 
$
12,012

 
$
4,734

 
$
7,233

 
$
1,528

 
$
106,349

Individually evaluated for impairment
 
2,026

 
3,733

 
333

 
316

 
—

 
10

 
6,418

Collectively evaluated for impairment
 
34,025

 
40,625

 
11,679

 
4,416

 
7,233

 
1,518

 
99,496

Loans acquired with deteriorated credit quality
 
84

 
349

 
—

 
2

 
—

 
—

 
435

Loans at period end
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
18,789

 
$
59,871

 
$
6,847

 
$
16,522

 
$
—

 
$
392

 
$
102,421

Collectively evaluated for impairment
 
4,676,531

 
5,311,419

 
777,828

 
587,463

 
4,968,125

 
144,640

 
16,466,006

Loans acquired with deteriorated credit quality
 
18,589

 
157,999

 
—

 
3,466

 
368,292

 
1,344

 
549,690

 
Year Ended 
December 31, 2014
(Dollars in thousands)
 
Commercial
 
Commercial
Real Estate
 
Home
Equity
 
Residential
Real Estate
 
Premium
Finance
Receivable
 
Consumer
and Other
 
Total,
Excluding
Covered 
Loans
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at beginning of period
 
$
23,092

 
$
48,658

 
$
12,611

 
$
5,108

 
$
5,583

 
$
1,870

 
$
96,922

Other adjustments
 
(83
)
 
(665
)
 
(3
)
 
(9
)
 
(64
)
 
—

 
(824
)
Reclassification to/from allowance for unfunded lending-related commitments
 
—

 
(56
)
 
—

 
—

 
—

 
—

 
(56
)
Charge-offs
 
(4,153
)
 
(15,788
)
 
(3,895
)
 
(1,750
)
 
(5,726
)
 
(792
)
 
(32,104
)
Recoveries
 
1,198

 
1,334

 
535

 
335

 
1,150

 
326

 
4,878

Provision for credit losses
 
11,645

 
2,050

 
3,252

 
534

 
5,570

 
(162
)
 
22,889

Allowance for loan losses at period end
 
$
31,699

 
$
35,533

 
$
12,500

 
$
4,218

 
$
6,513

 
$
1,242

 
$
91,705

Allowance for unfunded lending-related commitments at period end
 
—

 
775

 
—

 
—

 
—

 
—

 
775

Allowance for credit losses at period end
 
$
31,699

 
$
36,308

 
$
12,500

 
$
4,218

 
$
6,513

 
$
1,242

 
$
92,480

Individually evaluated for impairment
 
1,936

 
3,260

 
475

 
632

 
—

 
26

 
6,329

Collectively evaluated for impairment
 
29,763

 
32,960

 
12,025

 
3,482

 
6,513

 
1,197

 
85,940

Loans acquired with deteriorated credit quality
 
—

 
88

 
—

 
104

 
—

 
19

 
211

Loans at period end
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
16,326

 
$
87,225

 
$
6,399

 
$
18,365

 
$
—

 
$
372

 
$
128,687

Collectively evaluated for impairment
 
3,898,845

 
4,362,816

 
709,894

 
462,943

 
4,234,925

 
150,640

 
13,820,063

Loans acquired with deteriorated credit quality
 
9,223

 
55,712

 
—

 
2,234

 
393,479

 
—

 
460,648
Summary of Activity in the Allowance for Covered Loan Losses
A summary of activity in the allowance for covered loan losses for the years ended December 31, 2015 and 2014 is as follows:
 
 
 
Years Ended
 
 
December 31,
 
December 31,
(Dollars in thousands)
 
2015
 
2014
Balance at beginning of period
 
$
2,131

 
$
10,092

Provision for covered loan losses before benefit attributable to FDIC loss share agreements
 
(5,350
)
 
(11,762
)
Benefit attributable to FDIC loss share agreements
 
4,545

 
9,410

Net provision for covered loan losses
 
$
(805
)
 
$
(2,352
)
(Decrease) increase in FDIC indemnification asset
 
(4,545
)
 
(9,410
)
Loans charged-off
 
(827
)
 
(5,521
)
Recoveries of loans charged-off
 
7,072

 
9,322

Net recoveries (charge-offs)
 
$
6,245

 
$
3,801

Balance at end of period
 
$
3,026

 
$
2,131
Summary of Impaired Loans, Including Restructured Loans
A summary of impaired loans, including TDRs, at December 31, 2015 and 2014 is as follows:
 
(Dollars in thousands)
 
2015
 
2014
Impaired loans (included in non-performing and restructured loans):
 
 
 
 
Impaired loans with an allowance for loan loss required (1)
 
$
49,961

 
$
69,487

Impaired loans with no allowance for loan loss required
 
51,294

 
57,925

Total impaired loans (2)
 
$
101,255

 
$
127,412

Allowance for loan losses related to impaired loans
 
$
6,380

 
$
6,270

TDRs
 
51,853

 
82,275

Reduction of interest income from non-accrual loans
 
3,006

 
2,222

Interest income recognized on impaired loans
 
6,198

 
7,190

(1)
These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans.
(2)
Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest.
Summary of Impaired Loans Evaluated for Impairment by Loan Class
The following tables present impaired loans evaluated for impairment by loan class as of December 31, 2015 and 2014:
 
 
As of
 
For the Year Ended
December 31, 2015
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid 
Principal
Balance
 
Related
Allowance
 
Average 
Recorded
Investment
 
Interest Income
Recognized
Impaired loans with a related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
9,754

 
$
12,498

 
$
2,012

 
$
10,123

 
$
792

Franchise
 
—

 
—

 
—

 
—

 
—

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
—

Community Advantage—homeowners association
 
—

 
—

 
—

 
—

 
—

Aircraft
 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
—

 
—

 
—

 
—

 
—

Tax exempt
 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Residential construction
 
—

 
—

 
—

 
—

 
—

Commercial construction
 
—

 
—

 
—

 
—

 
—

Land
 
4,929

 
8,711

 
41

 
5,127

 
547

Office
 
5,050

 
6,051

 
632

 
5,394

 
314

Industrial
 
8,413

 
9,105

 
1,943

 
10,590

 
565

Retail
 
8,527

 
9,230

 
343

 
8,596

 
386

Multi-family
 
370

 
370

 
202

 
372

 
25

Mixed use and other
 
7,590

 
7,708

 
570

 
7,681

 
328

Home equity
 
423

 
435

 
333

 
351

 
16

Residential real estate
 
4,710

 
4,799

 
294

 
4,618

 
182

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
Commercial insurance
 
—

 
—

 
—

 
—

 
—

Life insurance
 
—

 
—

 
—

 
—

 
—

PCI - life insurance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
195

 
220

 
10

 
216

 
12

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
8,274

 
$
9,537

 
$
—

 
$
9,510

 
$
494

Franchise
 
—

 
—

 
—

 
—

 
—

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
—

Community Advantage—homeowners association
 
—

 
—

 
—

 
—

 
—

Aircraft
 
288

 
378

 
—

 
375

 
27

Asset-based lending
 
8

 
1,570

 
—

 
5

 
88

Tax exempt
 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Residential construction
 
2,296

 
2,296

 
—

 
2,300

 
112

Commercial construction
 
32

 
33

 
—

 
16

 
1

Land
 
888

 
2,373

 
—

 
929

 
90

Office
 
3,500

 
4,484

 
—

 
3,613

 
237

Industrial
 
2,217

 
2,426

 
—

 
2,286

 
188

Retail
 
2,757

 
2,925

 
—

 
2,897

 
129

Multi-family
 
2,344

 
2,807

 
—

 
2,390

 
117

Mixed use and other
 
10,510

 
14,060

 
—

 
11,939

 
624

Home equity
 
6,424

 
7,987

 
—

 
5,738

 
288

Residential real estate
 
11,559

 
13,979

 
—

 
11,903

 
624

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
Commercial insurance
 
—

 
—

 
—

 
—

 
—

Life insurance
 
—

 
—

 
—

 
—

 
—

PCI - life insurance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
197

 
267

 
—

 
201

 
12

Total loans, net of unearned income, excluding covered loans
 
$
101,255

 
$
124,249

 
$
6,380

 
$
107,170

 
$
6,198

 
 
As of
 
For the Year Ended
December 31, 2014
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid 
Principal
Balance
 
Related
Allowance
 
Average 
Recorded
Investment
 
Interest Income
Recognized
Impaired loans with a related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
9,989

 
$
10,785

 
$
1,915

 
$
10,784

 
$
539

Franchise
 
—

 
—

 
—

 
—

 
—

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
—

Community Advantage—homeowners association
 
—

 
—

 
—

 
—

 
—

Aircraft
 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
—

 
—

 
—

 
—

 
—

Tax exempt
 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Residential construction
 
—

 
—

 
—

 
—

 
—

Commercial construction
 
—

 
—

 
—

 
—

 
—

Land
 
5,011

 
8,626

 
43

 
5,933

 
544

Office
 
11,038

 
12,863

 
305

 
11,567

 
576

Industrial
 
195

 
277

 
15

 
214

 
13

Retail
 
11,045

 
14,566

 
487

 
12,116

 
606

Multi-family
 
2,808

 
3,321

 
158

 
2,839

 
145

Mixed use and other
 
21,777

 
24,076

 
2,240

 
21,483

 
1,017

Home equity
 
1,946

 
2,055

 
475

 
1,995

 
80

Residential real estate
 
5,467

 
5,600

 
606

 
5,399

 
241

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
Commercial insurance
 
—

 
—

 
—

 
—

 
—

Life insurance
 
—

 
—

 
—

 
—

 
—

PCI - life insurance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
211

 
213

 
26

 
214

 
10

Impaired loans with no related ASC 310 allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
5,797

 
$
8,862

 
$
—

 
$
6,664

 
$
595

Franchise
 
—

 
—

 
—

 
—

 
—

Mortgage warehouse lines of credit
 
—

 
—

 
—

 
—

 
—

Community Advantage—homeowners association
 
—

 
—

 
—

 
—

 
—

Aircraft
 
—

 
—

 
—

 
—

 
—

Asset-based lending
 
25

 
1,952

 
—

 
87

 
100

Tax exempt
 
—

 
—

 
—

 
—

 
—

Leases
 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Residential construction
 
—

 
—

 
—

 
—

 
—

Commercial construction
 
2,875

 
3,085

 
—

 
3,183

 
151

Land
 
10,210

 
10,941

 
—

 
10,268

 
430

Office
 
4,132

 
5,020

 
—

 
4,445

 
216

Industrial
 
4,160

 
4,498

 
—

 
3,807

 
286

Retail
 
5,487

 
7,470

 
—

 
6,915

 
330

Multi-family
 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
7,985

 
8,804

 
—

 
9,533

 
449

Home equity
 
4,453

 
6,172

 
—

 
4,666

 
256

Residential real estate
 
12,640

 
14,334

 
—

 
12,682

 
595

Premium finance receivables
 
 
 
 
 
 
 
 
 
 
Commercial insurance
 
—

 
—

 
—

 
—

 
—

Life insurance
 
—

 
—

 
—

 
—

 
—

PCI - life insurance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
161

 
222

 
—

 
173

 
11

Total loans, net of unearned income, excluding covered loans
 
$
127,412

 
$
153,742

 
$
6,270

 
$
134,967

 
$
7,190
Summary of the Post-Modification Balance of Loans Restructured
The tables below present a summary of the post-modification balance of loans restructured during the years ended December 31, 2015, 2014, and 2013, which represent TDRs:
Year ended 
December 31, 2015
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
—

 
$
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial construction
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Land
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Office
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
1

 
169

 
1

 
169

 
—

 
—

 
1

 
169

 
—

 
—

Retail
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Multi-family
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Mixed use and other
 
2

 
201

 
2

 
201

 
—

 
—

 
2

 
201

 
—

 
—

Residential real estate and other
 
9

 
1,664

 
9

 
1,664

 
5

 
674

 
1

 
50

 
—

 
—

Total loans
 
12

 
$
2,034

 
12

 
$
2,034

 
5

 
$
674

 
4

 
$
420

 
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended
December 31, 2014
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
2

 
$
1,549

 
1

 
$
88

 
1

 
$
1,461

 
2

 
$
1,549

 
—

 
$
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial construction
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Land
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Office
 
2

 
1,510

 
2

 
1,510

 
—

 
—

 
—

 
—

 
—

 
—

Industrial
 
2

 
1,763

 
2

 
1,763

 
1

 
685

 
1

 
1,078

 
—

 
—

Retail
 
1

 
202

 
1

 
202

 
—

 
—

 
—

 
—

 
—

 
—

Multi-family
 
1

 
181

 
—

 
—

 
1

 
181

 
—

 
—

 
—

 
—

Mixed use and other
 
7

 
4,926

 
3

 
2,837

 
7

 
4,926

 
1

 
1,273

 
—

 
—

Residential real estate and other
 
6

 
1,836

 
5

 
1,625

 
4

 
1,138

 
1

 
220

 
—

 
—

Total loans
 
21

 
$
11,967

 
14

 
$
8,025

 
14

 
$
8,391

 
5

 
$
4,120

 
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended
December 31, 2013
 
Total (1)(2)
 
Extension at
Below Market
Terms (2)
 
Reduction of
Interest Rate (2)
 
Modification to
Interest-only
Payments (2)
 
Forgiveness of Debt (2)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
6

 
$
708

 
5

 
$
573

 
4

 
$
553

 
2

 
$
185

 
—

 
$
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial construction
 
3

 
6,120

 
3

 
6,120

 
—

 
—

 
3

 
6,120

 
—

 
—

Land
 
3

 
2,639

 
3

 
2,639

 
2

 
287

 
—

 
—

 
1

 
73

Office
 
4

 
4,021

 
4

 
4,021

 
1

 
556

 
—

 
—

 
—

 
—

Industrial
 
1

 
949

 
1

 
949

 
1

 
949

 
—

 
—

 
—

 
—

Retail
 
1

 
200

 
1

 
200

 
1

 
200

 
—

 
—

 
—

 
—

Multi-family
 
1

 
705

 
1

 
705

 
1

 
705

 
—

 
—

 
—

 
—

Mixed use and other
 
6

 
5,042

 
6

 
5,042

 
5

 
4,947

 
1

 
932

 
—

 
—

Residential real estate and other
 
10

 
2,296

 
6

 
1,613

 
7

 
931

 
2

 
234

 
1

 
1,000

Total loans
 
35

 
$
22,680

 
30

 
$
21,862

 
22

 
$
9,128

 
8

 
$
7,471

 
2

 
$
1,073

 
(1)
TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above.
(2)
Balances represent the recorded investment in the loan at the time of the restructuring.
Troubled Debt Restructuring Subsequent Default [Table Text Block]
The tables below present a summary of all loans restructured in TDRs during the years ended December 31, 2015, 2014, and 2013, and such loans which were in payment default under the restructured terms during the respective periods: 
 
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
 
 
Total (1)(3)
 
Payments in
Default  (2)(3)
 
Total (1)(3)
 
Payments in
Default  (2)(3)
 
Total (1)(3)
 
Payments in
Default  (2)(3)
(Dollars in thousands)
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
 
Count
 
Balance
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
—

 
$
—

 
—

 
$
—

 
2

 
$
1,549

 
1

 
$
88

 
6

 
$
708

 
1

 
$
20

Commercial real-estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial construction
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
3

 
6,120

 
—

 
—

Land
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
3

 
2,639

 
1

 
215

Office
 
—

 
—

 
—

 
—

 
2

 
1,510

 
—

 
—

 
4

 
4,021

 
1

 
1,648

Industrial
 
1

 
169

 
—

 
—

 
2

 
1,763

 
1

 
1,078

 
1

 
949

 
—

 
—

Retail
 
—

 
—

 
—

 
—

 
1

 
202

 
—

 
—

 
1

 
200

 
—

 
—

Multi-family
 
—

 
—

 
—

 
—

 
1

 
181

 
1

 
181

 
1

 
705

 
1

 
705

Mixed use and other
 
2

 
201

 
2

 
201

 
7

 
4,926

 
2

 
569

 
6

 
5,042

 
1

 
95

Residential real estate and other
 
9

 
1,664

 
4

 
568

 
6

 
1,836

 
1

 
211

 
10

 
2,296

 
—

 
—

Total loans
 
12

 
$
2,034

 
6

 
$
769

 
21

 
$
11,967

 
6

 
$
2,127

 
35

 
$
22,680

 
5

 
$
2,683

(1)
Total TDRs represent all loans restructured in TDRs during the year indicated.
(2)
TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring.
(3)
Balances represent the recorded investment in the loan at the time of the restructuring.