LOANS, NET

The Company’s loan portfolio consists of New and Acquired loans. The Company classifies originated loans and purchased loans not acquired through business combinations as New loans. The Company classifies loans acquired through business combinations as Acquired loans. All acquired loans not specifically excluded under ASC 310-30 are accounted for under ASC 310-30. The remaining portfolio of acquired loans excluded under ASC 310-30 are accounted for under ASC 310-20 and are classified as Non-ASC 310-30 loans.

The following tables summarize the Company’s loans by portfolio and segment as of the periods presented, net of deferred fees, costs, premiums and discounts:



June 30, 2016	ASC 310-30 Loans		Non-ASC 310-30 Loans		New Loans (1)		Total
	(Dollars in thousands)
Real estate loans:
Commercial real estate	$	182,828	$	44,680	$	1,209,762	$	1,437,270
Owner-occupied commercial real estate	—		19,256		571,558		590,814
1-4 single family residential	35,400		74,568		1,923,092		2,033,060
Construction, land and development	25,296		6,338		582,615		614,249
Home equity loans and lines of credit	—		46,269		43,730		89,999
Total real estate loans	$	243,524	$	191,111	$	4,330,757	$	4,765,392
Other loans:
Commercial and industrial	$	28,984	$	7,801	$	1,187,788	$	1,224,573
Consumer	2,216		440		4,526		7,182
Total other loans	31,200		8,241		1,192,314		1,231,755
Total loans held in portfolio	$	274,724	$	199,352	$	5,523,071	$	5,997,147
Allowance for loan losses							(33,706		)
Loans held in portfolio, net							$	5,963,441



December 31, 2015	ASC 310-30 Loans		Non-ASC 310-30 Loans		New Loans (1)		Total
	(Dollars in thousands)
Real estate loans:
Commercial real estate	$	247,628	$	55,985	$	998,141	$	1,301,754
Owner-occupied commercial real estate	—		21,101		524,728		545,829
1-4 single family residential	40,922		84,111		1,541,255		1,666,288
Construction, land and development	28,017		6,338		537,494		571,849
Home equity loans and lines of credit	—		49,407		30,945		80,352
Total real estate loans	$	316,567	$	216,942	$	3,632,563	$	4,166,072
Other loans:
Commercial and industrial	$	36,783	$	9,312	$	972,803	$	1,018,898
Consumer	2,390		430		5,397		8,217
Total other loans	39,173		9,742		978,200		1,027,115
Total loans held in portfolio	$	355,740	$	226,684	$	4,610,763	$	5,193,187
Allowance for loan losses							(29,126		)
Loans held in portfolio, net							$	5,164,061


(1)	Balance includes $7.3 million and $7.1 million of deferred fees, costs, and premium and discount as of June 30, 2016 and December 31, 2015, respectively.

At June 30, 2016 and December 31, 2015, the unpaid principal balance of ASC 310-30 loans were $332.3 million and $457.9 million, respectively. At June 30, 2016 and December 31, 2015, the Company had pledged loans as collateral for FHLB advances of $2.79 billion and $2.13 billion, respectively. The recorded investments of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process as of June 30, 2016 totaled $5.2 million. The Company held $458.4 million and $464.2 million of syndicated national loans as of June 30, 2016 and December 31, 2015, respectively.

During the three and six months ended June 30, 2016, the Company purchased approximately $0 and $189.2 million in loans from third parties. During the three and six months ended June 30, 2015, the Company purchased approximately $144.0 million and $233.6 million, respectively, in loans from third parties.

During the three and six months ended June 30, 2016, the Company sold approximately $25.6 million and $61.8 million, respectively, loans to third parties. During the three and six months ended June 30, 2015, the Company sold approximately $11.6 million and $19.5 million, respectively, in loans to third parties.

The accretable discount on ASC 310-30 loans represents the amount by which the undiscounted expected cash flows on such loans exceed their carrying value. The change in expected cash flows for certain ASC 310-30 loan pools resulted in the reclassification of $(19.7) million and $9.8 million between non-accretable and accretable discount during the six months ended June 30, 2016 and 2015, respectively.

Changes in accretable discount for ASC 310-30 loans for the six months ended June 30, 2016 and 2015, were as follows:



	Six Months Ended June 30,
	2016			2015
	(Dollars in thousands)
Balance at January 1,	$	144,152		$	156,197
Accretion	(29,374		)	(23,667		)
Reclassifications from (to) non-accretable difference	(19,706		)	9,760
Balance at June 30,	$	95,072		$	142,290