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Loans
 6 Months Ended
Jun. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Loans Loans
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)202320222022
Balance:
Commercial$12,600,471 $12,549,164 $12,047,105 
Commercial real estate10,608,811 9,950,947 9,407,205 
Home equity336,974 332,698 325,826 
Residential real estate2,643,240 2,372,383 2,078,907 
Premium finance receivables
Property and casualty insurance6,762,698 5,849,459 5,541,447 
Life insurance8,039,273 8,090,998 7,608,433 
Consumer and other31,941 50,836 44,180 
    Total loans, net of unearned income$41,023,408 $39,196,485 $37,053,103 
Mix:
Commercial31 %32 %32 %
Commercial real estate26 25 25 
Home equity1 1 1 
Residential real estate6 6 6 
Premium finance receivables
Property and casualty insurance16 15 15 
Life insurance20 21 21 
Consumer and other0 0 0 
Total loans, net of unearned income100 %100 %100 %

The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses, which, for the commercial and commercial real estate portfolios, are located primarily within the geographic market areas that the banks serve. Various niche lending businesses, including lease finance and franchise lending, operate on a national level. The premium finance receivables portfolios are made to customers throughout the United States and Canada. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower, and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries.

Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $281.7 million at June 30, 2023, $224.5 million at December 31, 2022 and $160.6 million at June 30, 2022.

Total loans, excluding purchased credit deteriorated (“PCD”) loans, include net deferred loan fees and costs and fair value purchase accounting adjustments totaling $72.8 million at June 30, 2023, $71.8 million at December 31, 2022 and $70.2 million at June 30, 2022.

It is the policy of the Company to review each prospective credit in order to determine the appropriateness and, when required, the adequacy of security or collateral necessary to obtain when making a loan. The type of collateral, when required, will vary from liquid assets to real estate. The Company seeks to ensure access to collateral, in the event of default, through adherence to state lending laws and the Company’s credit monitoring procedures.