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Loans (Tables)
 3 Months Ended
Mar. 31, 2016
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:
 
March 31,
 
December 31,
 
March 31,
(Dollars in thousands)
2016
 
2015
 
2015
Balance:
 
 
 
 
 
Commercial
$
4,890,246

 
$
4,713,909

 
$
4,211,932

Commercial real estate
5,737,959

 
5,529,289

 
4,710,486

Home equity
774,342

 
784,675

 
709,283

Residential real estate
626,043

 
607,451

 
495,925

Premium finance receivables—commercial
2,320,987

 
2,374,921

 
2,319,623

Premium finance receivables—life insurance
2,976,934

 
2,961,496

 
2,375,654

Consumer and other
119,902

 
146,376

 
130,156

Total loans, net of unearned income, excluding covered loans
$
17,446,413

 
$
17,118,117

 
$
14,953,059

Covered loans
138,848

 
148,673

 
209,694

Total loans
$
17,585,261

 
$
17,266,790

 
$
15,162,753

Mix:
 
 
 
 
 
Commercial
28
%
 
27
%
 
28
%
Commercial real estate
32

 
32

 
31

Home equity
4

 
5

 
5

Residential real estate
4

 
3

 
3

Premium finance receivables—commercial
13

 
14

 
15

Premium finance receivables—life insurance
17

 
17

 
16

Consumer and other
1

 
1

 
1

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

 
1

 
1

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:
 
March 31, 2016
 
December 31, 2015
 
Unpaid
Principal
 
Carrying
 
Unpaid
Principal
 
Carrying
(Dollars in thousands)
Balance
 
Value
 
Balance
 
Value
Bank acquisitions
$
331,354

 
$
276,012

 
$
326,470

 
$
271,260

Life insurance premium finance loans acquisition
299,915

 
296,138

 
372,738

 
368,292
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 2016 with evidence of credit quality deterioration since origination:
(Dollars in thousands)
Foundations
Contractually required payments including interest
$
19,350

Less: Nonaccretable difference
3,640

   Cash flows expected to be collected (1)  
$
15,710

Less: Accretable yield
1,141

    Fair value of PCI loans acquired
$
14,569


(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
(Dollars in thousands)
March 31,
2016

March 31,
2015
Accretable yield, beginning balance
$
63,902

 
$
79,102

Acquisitions
1,141

 
898

Accretable yield amortized to interest income
(5,457
)
 
(6,105
)
Accretable yield amortized to indemnification asset (1)
(2,171
)
 
(3,576
)
Reclassification from non-accretable difference (2)
4,193

 
1,103

Decreases in interest cash flows due to payments and changes in interest rates
(2,390
)
 
(1,224
)
Accretable yield, ending balance (3)
$
59,218

 
$
70,198


(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 March 31, 2016, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $4.8 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.