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Loans (Tables)
 6 Months Ended
Jun. 30, 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:
 
June 30,
 
December 31,
 
June 30,
(Dollars in thousands)
2016
 
2015
 
2015
Balance:
 
 
 
 
 
Commercial
$
5,144,533

 
$
4,713,909

 
$
4,330,344

Commercial real estate
5,848,334

 
5,529,289

 
4,850,590

Home equity
760,904

 
784,675

 
712,350

Residential real estate
653,664

 
607,451

 
503,015

Premium finance receivables—commercial
2,478,280

 
2,374,921

 
2,460,408

Premium finance receivables—life insurance
3,161,562

 
2,961,496

 
2,537,475

Consumer and other
127,378

 
146,376

 
119,468

Total loans, net of unearned income, excluding covered loans
$
18,174,655

 
$
17,118,117

 
$
15,513,650

Covered loans
105,248

 
148,673

 
193,410

Total loans
$
18,279,903

 
$
17,266,790

 
$
15,707,060

Mix:
 
 
 
 
 
Commercial
28
%
 
27
%
 
27
%
Commercial real estate
31

 
32

 
31

Home equity
4

 
5

 
5

Residential real estate
4

 
3

 
3

Premium finance receivables—commercial
14

 
14

 
16

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:
 
June 30, 2016
 
December 31, 2015
 
Unpaid
Principal
 
Carrying
 
Unpaid
Principal
 
Carrying
(Dollars in thousands)
Balance
 
Value
 
Balance
 
Value
Bank acquisitions
$
306,706

 
$
256,083

 
$
326,470

 
$
271,260

Life insurance premium finance loans acquisition
295,337

 
291,602

 
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
$
20,100

Less: Nonaccretable difference
3,728

   Cash flows expected to be collected (1)  
$
16,372

Less: Accretable yield
1,266

    Fair value of PCI loans acquired
$
15,106


(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)
June 30,
2016

June 30,
2015
Accretable yield, beginning balance
$
59,218

 
$
70,198

Acquisitions
125

 
—

Accretable yield amortized to interest income
(5,199
)
 
(6,315
)
Accretable yield amortized to indemnification asset/liability (1)
(1,624
)
 
(4,089
)
Reclassification from non-accretable difference (2)
2,536

 
1,753

Increases in interest cash flows due to payments and changes in interest rates
574

 
2,096

Accretable yield, ending balance (3)
$
55,630

 
$
63,643












 
Six Months Ended
(Dollars in thousands)
June 30,
2016
 
June 30,
2015
Accretable yield, beginning balance
$
63,902

 
$
79,102

Acquisitions
1,266

 
898

Accretable yield amortized to interest income
(10,656
)
 
(12,420
)
Accretable yield amortized to indemnification asset/liability (1)
(3,795
)
 
(7,665
)
Reclassification from non-accretable difference (2)
6,729

 
2,856

(Decreases) increases in interest cash flows due to payments and changes in interest rates
(1,816
)
 
872

Accretable yield, ending balance (3)
$
55,630

 
$
63,643


(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, 2016, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $3.3 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.