Loans (Tables)

3 Months Ended

Mar. 31, 2022

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)	2022			2021			2021
Balance:
Commercial	$	11,583,963		$	11,904,068		$	12,708,207
Commercial real estate	9,235,074			8,990,286			8,544,779
Home equity	321,435			335,155			390,253
Residential real estate	1,799,985			1,637,099			1,421,973
Premium finance receivables
Property and casualty insurance	4,937,408			4,855,487			3,958,543
Life insurance	7,354,163			7,042,810			6,111,495
Consumer and other	48,519			24,199			35,983
Total loans, net of unearned income	$	35,280,547		$	34,789,104		$	33,171,233
Mix:
Commercial	33		%	34		%	38		%
Commercial real estate	26			26			26
Home equity	1			1			1
Residential real estate	5			5			4
Premium finance receivables
Property and casualty insurance	14			14			12
Life insurance	21			20			19
Consumer and other	0			0			0
Total loans, net of unearned income	100		%	100		%	100		%

Schedule of Loans Acquired

The following table provides estimated details as of the date of acquisition on PCD loans acquired in 2021:

(Dollars in thousands)	Insurance Agency Loan Portfolio
Contractually required payments (unpaid principal balance)	$	13,882
Allowance for credit losses (1)	(2,806)
Discount, net of any premium	(214)
Purchase price of PCD loans acquired	$	10,862

(1)The initial allowance for credit losses on PCD loans acquired during 2021 measured approximately $2.8 million, of which $2.3 million was charged off related to PCD loans that met the Company’s charge-off policy at the time of acquisition. After considering these loans that were immediately charged off, the net impact of PCD allowance for credit losses at the acquisition date was approximately $470,000.