XML 44 R22.htm IDEA: XBRL DOCUMENT v3.3.0.814
Portfolio Loans (Tables) - Portfolio loans, net
 9 Months Ended
Sep. 30, 2015
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
Below is a summary of Portfolio loans by category at September 30, 2015 and December 31, 2014:
 
(in thousands)
September 30, 2015
 
December 31, 2014
Commercial and industrial
$
1,371,095

 
$
1,270,259

Real estate loans:
 
 
 
    Commercial - investor owned
424,090

 
413,026

    Commercial - owner occupied
354,178

 
357,503

    Construction and land development
152,979

 
144,773

    Residential
188,985

 
185,252

Total real estate loans
1,120,232

 
1,100,554

Consumer and other
109,853

 
62,208

Portfolio loans
2,601,180

 
2,433,021

Unearned loan fees, net
976

 
895

    Portfolio loans, including unearned loan costs
$
2,602,156

 
$
2,433,916
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method

(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE -
owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at
December 31, 2014
$
17,004

 
$
4,598

 
$
3,625

 
$
1,720

 
$
2,830

 
$
408

 
$
30,185

Provision charged to expense
823

 
(12
)
 
(175
)
 
914

 
74

 
(44
)
 
1,580

Losses charged off
(1,484
)
 
—

 
—

 
—

 
(1,073
)
 
(11
)
 
(2,568
)
Recoveries
769

 
29

 
127

 
60

 
26

 
80

 
1,091

Balance at
March 31, 2015
$
17,112

 
$
4,615

 
$
3,577

 
$
2,694

 
$
1,857

 
$
433

 
$
30,288

Provision charged to expense
2,927

 
(519
)
 
(347
)
 
(91
)
 
100

 
80

 
2,150

Losses charged off
(1,578
)
 
(664
)
 
—

 
(350
)
 
—

 
(4
)
 
(2,596
)
Recoveries
420

 
13

 
1,287

 
115

 
87

 
1

 
1,923

Balance at
June 30, 2015
$
18,881

 
$
3,445

 
$
4,517

 
$
2,368

 
$
2,044

 
$
510

 
$
31,765

Provision charged to expense
1,501

 
788

 
(1,340
)
 
(660
)
 
40

 
270

 
599

Losses charged off
(572
)
 
—

 
—

 
—

 
(240
)
 
(9
)
 
(821
)
Recoveries
389

 
16

 
68

 
125

 
108

 
2

 
708

Balance at
September 30, 2015
$
20,199

 
$
4,249

 
$
3,245

 
$
1,833

 
$
1,952

 
$
773

 
$
32,251



(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE -
owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Balance September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,802

 
$
—

 
$
—

 
$
403

 
$
—

 
$
—

 
$
2,205

Collectively evaluated for impairment
18,397

 
4,249

 
3,245

 
1,430

 
1,952

 
773

 
30,046

Total
$
20,199

 
$
4,249

 
$
3,245

 
$
1,833

 
$
1,952

 
$
773

 
$
32,251

Loans - Ending balance:
 
 
 
 
 
 
 

 
 
 
 
 
 
Individually evaluated for impairment
$
2,975

 
$
2,954

 
$
2,248

 
$
2,823

 
$
714

 
$
—

 
$
11,714

Collectively evaluated for impairment
1,368,120

 
421,136

 
351,930

 
150,156

 
188,271

 
110,829

 
2,590,442

Total
$
1,371,095

 
$
424,090

 
$
354,178

 
$
152,979

 
$
188,985

 
$
110,829

 
$
2,602,156

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
704

 
$
—

 
$
286

 
$
352

 
$
1,052

 
$
—

 
$
2,394

Collectively evaluated for impairment
16,300

 
4,598

 
3,339

 
1,368

 
1,778

 
408

 
27,791

Total
$
17,004

 
$
4,598

 
$
3,625

 
$
1,720

 
$
2,830

 
$
408

 
$
30,185

Loans - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,998

 
$
5,036

 
$
3,384

 
$
6,866

 
$
3,082

 
$
—

 
$
24,366

Collectively evaluated for impairment
1,264,261

 
407,990

 
354,119

 
137,907

 
182,170

 
63,103

 
2,409,550

Total
$
1,270,259

 
$
413,026

 
$
357,503

 
$
144,773

 
$
185,252

 
$
63,103

 
$
2,433,916
Summary of Portfolio Loans Individually Evaluated for Impairment and Recorded Investment in Impaired Non-Covered Loans by Category

 
September 30, 2015
(in thousands)
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance
 
Recorded
Investment
With
Allowance
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment
Commercial and industrial
$
3,702

 
$
658

 
$
2,433

 
$
3,091

 
$
1,802

 
$
5,696

Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
3,047

 
2,437

 
—

 
2,437

 
—

 
1,294

    Commercial - owner occupied
321

 
240

 
—

 
240

 
—

 
967

    Construction and land development
3,728

 
2,862

 
542

 
3,404

 
403

 
5,934

    Residential
714

 
735

 
—

 
735

 
—

 
2,450

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

Total
$
11,512

 
$
6,932

 
$
2,975

 
$
9,907

 
$
2,205

 
$
16,341


 
December 31, 2014
(in thousands)
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance
 
Recorded
Investment
With
Allowance
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment
Commercial and industrial
$
8,042

 
$
2,609

 
$
3,464

 
$
6,073

 
$
704

 
$
4,136

Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
5,036

 
—

 
5,187

 
5,187

 
—

 
4,375

    Commercial - owner occupied
1,376

 
770

 
519

 
1,289

 
286

 
1,281

    Construction and land development
7,961

 
419

 
6,929

 
7,348

 
352

 
7,280

    Residential
3,082

 
2,943

 
150

 
3,093

 
1,052

 
954

Consumer and other
—

 
—

 
—

 
—

 
—

 
581

Total
$
25,497

 
$
6,741

 
$
16,249

 
$
22,990

 
$
2,394

 
$
18,607



The following table presents details for past due and impaired loans:

 
Three months ended September 30,
 
Nine months ended September 30,
(in thousands)
2015
 
2014
 
2015
 
2014
Total interest income that would have been recognized under original terms
$
369

 
$
246

 
$
913

 
$
927

Total cash received and recognized as interest income on non-accrual loans
81

 
51

 
206

 
83

Total interest income recognized on impaired loans
4

 
11

 
31

 
27

 
 
 
 
 
 
 
 
 
 
September 30, 2015
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial and industrial
$
3,091

 
$
—

 
$
—

 
$
3,091

Real estate loans:
 
 
 
 
 
 
 
    Commercial - investor owned
2,437

 
—

 
—

 
2,437

    Commercial - owner occupied
240

 
—

 
—

 
240

    Construction and land development
3,404

 
—

 
—

 
3,404

    Residential
735

 
—

 
—

 
735

Consumer and other
—

 
—

 
—

 
—

       Total
$
9,907

 
$
—

 
$
—

 
$
9,907


 
December 31, 2014
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial and industrial
$
6,073

 
$
—

 
$
—

 
$
6,073

Real estate loans:
 
 
 
 
 
 
 
    Commercial - investor owned
4,597

 
590

 
—

 
5,187

    Commercial - owner occupied
519

 
770

 
—

 
1,289

    Construction and land development
7,348

 
—

 
—

 
7,348

    Residential
3,093

 
—

 
—

 
3,093

Consumer and other
—

 
—

 
—

 
—

       Total
$
21,630

 
$
1,360

 
$
—

 
$
22,990
Summary of Recorded Investment by for Portfolio Loans Restructured
The recorded investment by category for the Portfolio loans that have been restructured during the three and nine months ended September 30, 2015 and 2014, is as follows:
 
Three months ended September 30, 2015
 
Three months ended September 30, 2014
(in thousands, except for number of loans)
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
 
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
Commercial and industrial
—

 
$
—

 
$
—

 
2

 
$
658

 
$
658

Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
     Commercial - investor owned
—

 
—

 
—

 
—

 
—

 
—

     Commercial - owner occupied
—

 
—

 
—

 
1

 
357

 
357

     Construction and land development
—

 
—

 
—

 
1

 
2,827

 
2,827

     Residential
—

 
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

  Total
—

 
$
—

 
$
—

 
4

 
$
3,842

 
$
3,842



 
Nine months ended September 30, 2015
 
Nine months ended September 30, 2014
(in thousands, except for number of loans)
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
 
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
Commercial and industrial
—

 
$
—

 
$
—

 
2

 
$
658

 
$
658

Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
     Commercial - investor owned
—

 
—

 
—

 
1

 
603

 
603

     Commercial - owner occupied
—

 
—

 
—

 
3

 
1,649

 
1,399

     Construction and land development
—

 
—

 
—

 
1

 
2,827

 
2,827

     Residential
—

 
—

 
—

 
1

 
125

 
125

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

  Total
—

 
$
—

 
$
—

 
8

 
$
5,862

 
$
5,612
Summary of Recorded Investment by Category for Portfolio Loans Restructured and Subsequently Defaulted
Portfolio loans that were restructured and subsequently defaulted during the nine months ended September 30, 2015 or 2014.
Summary of Aging of Recorded Investment in Past Due Portfolio Loans by Portfolio Class and Category
The aging of the recorded investment in past due Portfolio loans by portfolio class and category at September 30, 2015 and December 31, 2014 is shown below.

 
September 30, 2015
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
5,472

 
$
1,043

 
$
6,515

 
$
1,364,580

 
$
1,371,095

    Real estate loans:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
577

 
2,382

 
2,959

 
421,131

 
424,090

       Commercial - owner occupied
—

 
85

 
85

 
354,093

 
354,178

       Construction and land development
148

 
2,283

 
2,431

 
150,548

 
152,979

       Residential
13

 
714

 
727

 
188,258

 
188,985

    Consumer and other
—

 
—

 
—

 
110,829

 
110,829

          Total
$
6,210

 
$
6,507

 
$
12,717

 
$
2,589,439

 
$
2,602,156


 
December 31, 2014
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
3,059

 
$
232

 
$
3,291

 
$
1,266,968

 
$
1,270,259

    Real estate loans:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
261

 
4,450

 
4,711

 
408,315

 
413,026

       Commercial - owner occupied
766

 
496

 
1,262

 
356,241

 
357,503

       Construction and land development
702

 
2,524

 
3,226

 
141,547

 
144,773

       Residential
168

 
—

 
168

 
185,084

 
185,252

    Consumer and other
8

 
—

 
8

 
63,095

 
63,103

          Total
$
4,964

 
$
7,702

 
$
12,666

 
$
2,421,250

 
$
2,433,916
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The recorded investment by risk category of the Portfolio loans by portfolio class and category at September 30, 2015, which is based upon the most recent analysis performed, and December 31, 2014 is as follows:

 
September 30, 2015
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
    Commercial and industrial
$
1,267,697

 
$
67,560

 
$
35,838

 
$
—

 
$
1,371,095

    Real estate loans:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
390,403

 
22,034

 
11,653

 
—

 
424,090

       Commercial - owner occupied
328,753

 
20,813

 
4,612

 
—

 
354,178

       Construction and land development
136,374

 
12,139

 
4,466

 
—

 
152,979

       Residential
174,883

 
10,576

 
3,526

 
—

 
188,985

    Consumer and other
110,336

 
—

 
493

 
—

 
110,829

          Total
$
2,408,446

 
$
133,122

 
$
60,588

 
$
—

 
$
2,602,156


 
December 31, 2014
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
    Commercial and industrial
$
1,167,751

 
$
62,315

 
$
40,193

 
$
—

 
$
1,270,259

    Real estate loans:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
372,818

 
24,088

 
16,120

 
—

 
413,026

       Commercial - owner occupied
334,347

 
18,025

 
5,131

 
—

 
357,503

       Construction and land development
123,260

 
12,993

 
8,520

 
—

 
144,773

       Residential
168,543

 
11,012

 
5,697

 
—

 
185,252

    Consumer and other
62,711

 
51

 
341

 
—

 
63,103

          Total
$
2,229,430

 
$
128,484

 
$
76,002

 
$
—

 
$
2,433,916