Loans (Tables)

3 Months Ended

Mar. 31, 2016

Major classifications of loans, including loans held for sale, are as follows:



(Dollars in thousands)	March 31, 2016		December 31, 2015
Non-owner occupied commercial real estate	$	850,766	$	866,392
Other commercial construction and land	194,971		196,795
Multifamily commercial real estate	75,737		80,708
1-4 family residential construction and land	96,703		93,242
Total commercial real estate	1,218,177		1,237,137
Owner occupied commercial real estate	1,095,460		1,104,972
Commercial and industrial	1,375,233		1,309,704
Lease financing	1,088		1,256
Total commercial	2,471,781		2,415,932
1-4 family residential	1,015,071		1,017,791
Home equity loans	368,510		375,276
Other consumer loans	401,971		436,478
Total consumer	1,785,552		1,829,545
Other	159,447		150,102
Total loans	$	5,634,957	$	5,632,716

Roll Forward of Accretable Yield

The table below presents a roll forward of accretable yield and income expected to be earned related to PCI loans and the amount of non-accretable difference at the end of the period. Nonaccretable difference represents estimated contractually required payments in excess of estimated cash flows expected to be collected. The accretable yield represents the excess of estimated cash flows expected to be collected over the carrying amount of the PCI loans. Other represents reductions of accretable yield due to non-credit events such as interest rate reductions on variable rate PCI loans and prepayment activity on PCI loans.



(Dollars in thousands)	Three Months Ended
	March 31, 2016			March 31, 2015
Accretable Yield
Balance at beginning of period	$	208,844		$	292,633
Accretion of income	(20,843		)	(24,840		)
Reclassification from nonaccretable difference	14,937			26,517
Other	(7,873		)	(48,201		)
Balance at end of period	$	195,065		$	246,109

Nonaccretable difference, balance at the end of the period	$	134,060		$	207,762

Major Categories of Loans

The following is a summary of the major categories of non-covered loans outstanding as of March 31, 2016 and December 31, 2015:



(Dollars in thousands)	Non-PCI Loans
March 31, 2016	New		Acquired		PCI Loans		Total Non-covered Loans
Non-owner occupied commercial real estate	$	528,675	$	41,750	$	280,341	$	850,766
Other commercial construction and land	118,279		190		76,502		194,971
Multifamily commercial real estate	48,426		5,563		21,748		75,737
1-4 family residential construction and land	93,861		—		2,842		96,703
Total commercial real estate	789,241		47,503		381,433		1,218,177
Owner occupied commercial real estate	856,384		35,621		203,455		1,095,460
Commercial and industrial loans	1,290,852		5,784		78,597		1,375,233
Lease financing	1,088		—		—		1,088
Total commercial	2,148,324		41,405		282,052		2,471,781
1-4 family residential	745,534		32,929		236,608		1,015,071
Home equity loans	151,483		144,066		72,961		368,510
Other consumer loans	395,455		3,760		2,756		401,971
Total consumer	1,292,472		180,755		312,325		1,785,552
Other	124,754		2,086		32,607		159,447
Total loans	$	4,354,791	$	271,749	$	1,008,417	$	5,634,957



(Dollars in thousands)	Non-PCI Loans
December 31, 2015	New		Acquired		PCI Loans		Total Non-covered Loans
Non-owner occupied commercial real estate	$	517,559	$	46,081	$	302,752	$	866,392
Other commercial construction and land	110,716		202		85,754		196,672
Multifamily commercial real estate	51,413		5,686		23,609		80,708
1-4 family residential construction and land	90,304		—		2,938		93,242
Total commercial real estate	769,992		51,969		415,053		1,237,014
Owner occupied commercial real estate	858,068		36,927		209,910		1,104,905
Commercial and industrial loans	1,222,320		6,255		81,129		1,309,704
Lease financing	1,256		—		—		1,256
Total commercial	2,081,644		43,182		291,039		2,415,865
1-4 family residential	733,349		32,194		211,361		976,904
Home equity loans	148,855		126,547		67,449		342,851
Other consumer loans	429,346		3,911		3,221		436,478
Total consumer	1,311,550		162,652		282,031		1,756,233
Other	114,995		2,269		32,838		150,102
Total loans	$	4,278,181	$	260,072	$	1,020,961	$	5,559,214

Covered Loans

The following is a summary of the major categories of covered loans outstanding as of December 31, 2015:



(Dollars in thousands)	Non-PCI Loans
December 31, 2015	New		Acquired		PCI Loans		Total Covered Loans
Non-owner occupied commercial real estate	$	—	$	—	$	—	$	—
Other commercial construction and land	—		—		123		123
Multifamily commercial real estate	—		—		—		—
1-4 family residential construction and land	—		—		—		—
Total commercial real estate	—		—		123		123
Owner occupied commercial real estate	—		—		67		67
Commercial and industrial loans	—		—		—		—
Lease financing	—		—		—		—
Total commercial	—		—		67		67
1-4 family residential	—		2,265		38,622		40,887
Home equity loans	—		24,890		7,535		32,425
Other consumer loans	—		—		—		—
Total consumer	—		27,155		46,157		73,312
Other	—		—		—		—
Total loans	$	—	$	27,155	$	46,347	$	73,502

Aging of the Recorded Investment in Past Due Loans, Based on Contractual Terms

The following tables present the aging of the recorded investment in past due loans, based on contractual terms, as of March 31, 2016:



(Dollars in thousands)	30-89 Days Past Due				Greater than 90 Days Past Due and Still Accruing/Accreting				Non-accrual
Non-purchased credit impaired loans	Non-Covered		Covered		Non-Covered		Covered		Non-Covered		Covered		Total
Non-owner occupied commercial real estate	$	—	$	—	$	—	$	—	$	1,214	$	—	$	1,214
Other commercial construction and land	18		—		—		—		186		—		204
Multifamily commercial real estate	—		—		—		—		84		—		84
1-4 family residential construction and land	—		—		—		—		—		—		—
Total commercial real estate	18		—		—		—		1,484		—		1,502
Owner occupied commercial real estate	158		—		—		—		1,139		—		1,297
Commercial and industrial loans	490		—		—		—		951		—		1,441
Lease financing	—		—		—		—		—		—		—
Total commercial	648		—		—		—		2,090		—		2,738
1-4 family residential	382		—		—		—		1,008		—		1,390
Home equity loans	1,570		—		—		—		2,196		—		3,766
Other consumer loans	2,497		—		—		—		1,748		—		4,245
Total consumer	4,449		—		—		—		4,952		—		9,401
Other	—		—		—		—		—		—		—
Total loans	$	5,115	$	—	$	—	$	—	$	8,526	$	—	$	13,641



(Dollars in thousands)	30-89 Days Past Due				Greater than 90 Days Past Due and Still Accruing/Accreting				Non-accrual
Purchased credit impaired loans*	Non-Covered		Covered		Non-Covered		Covered		Non-Covered		Covered		Total
Non-owner occupied commercial real estate	$	433	$	—	$	1,504	$	—	$	—	$	—	$	1,937
Other commercial construction and land	41		—		2,111		—		—		—		2,152
Multifamily commercial real estate	334		—		—		—		—		—		334
1-4 family residential construction and land	—		—		—		—		—		—		—
Total commercial real estate	808		—		3,615		—		—		—		4,423
Owner occupied commercial real estate	1,378		—		2,943		—		—		—		4,321
Commercial and industrial loans	151		—		705		—		—		—		856
Lease financing	—		—		—		—		—		—		—
Total commercial	1,529		—		3,648		—		—		—		5,177
1-4 family residential	3,839		—		2,306		—		—		—		6,145
Home equity loans	1,700		—		738		—		—		—		2,438
Other consumer loans	86		—		3		—		—		—		89
Total consumer	5,625		—		3,047		—		—		—		8,672
Other	—		—		39		—		—		—		39
Total loans	$	7,962	$	—	$	10,349	$	—	$	—	$	—	$	18,311

The following tables present the aging of the recorded investment in past due loans, based on contractual terms, as of December 31, 2015:



(Dollars in thousands)	30-89 Days Past Due				Greater than 90 Days Past Due and Still Accruing/Accreting				Non-accrual
Non-purchased credit impaired loans	Non-Covered		Covered		Non-Covered		Covered		Non-Covered		Covered		Total
Non-owner occupied commercial real estate	$	—	$	—	$	—	$	—	$	1,406	$	—	$	1,406
Other commercial construction and land	48		—		—		—		186		—		234
Multifamily commercial real estate	—		—		—		—		88		—		88
1-4 family residential construction and land	—		—		—		—		—		—		—
Total commercial real estate	48		—		—		—		1,680		—		1,728
Owner occupied commercial real estate	220		—		—		—		1,107		—		1,327
Commercial and industrial loans	185		—		—		—		923		—		1,108
Lease financing	—		—		—		—		—		—		—
Total commercial	405		—		—		—		2,030		—		2,435
1-4 family residential	233		—		—		—		1,183		37		1,453
Home equity loans	1,141		290		—		—		1,741		901		4,073
Other consumer loans	3,816		—		—		—		1,373		—		5,189
Total consumer	5,190		290		—		—		4,297		938		10,715
Other	—		—		—		—		—		—		—
Total loans	$	5,643	$	290	$	—	$	—	$	8,007	$	938	$	14,878



(Dollars in thousands)	30-89 Days Past Due				Greater than 90 Days Past Due and Still Accruing/Accreting				Non-accrual
Purchased credit impaired loans*	Non-Covered		Covered		Non-Covered		Covered		Non-Covered		Covered		Total
Non-owner occupied commercial real estate	$	—	$	—	$	1,744	$	—	$	—	$	—	$	1,744
Other commercial construction and land	934		—		3,768		—		—		—		4,702
Multifamily commercial real estate	—		—		—		—		—		—		—
1-4 family residential construction and land	—		—		—		—		—		—		—
Total commercial real estate	934		—		5,512		—		—		—		6,446
Owner occupied commercial real estate	1,341		—		3,458		—		—		—		4,799
Commercial and industrial loans	205		—		1,735		—		—		—		1,940
Lease financing	—		—		—		—		—		—		—
Total commercial	1,546		—		5,193		—		—		—		6,739
1-4 family residential	2,011		351		1,962		1,245		—		—		5,569
Home equity loans	1,626		220		422		80		—		—		2,348
Other consumer loans	54		—		50		—		—		—		104
Total consumer	3,691		571		2,434		1,325		—		—		8,021
Other	—		—		41		—		—		—		41
Total loans	$	6,171	$	571	$	13,180	$	1,325	$	—	$	—	$	21,247

* Pooled PCI loans are not classified as nonaccrual as they are considered to be accruing because their interest income relates to the accretable yield recognized under accounting for purchased credit-impaired loans and not to contractual interest payments.

Loans, Excluding Purchased Credit-Impaired Loans by Internal Ratings

The following table summarizes loans, excluding PCI loans by internal rating at March 31, 2016:



					Substandard
(Dollars in thousands)	Pass		Special Mention		Accruing		Non-accrual		Doubtful		Total
Non-owner occupied commercial real estate	$	568,064	$	1,147	$	—	$	1,214	$	—	$	570,425
Other commercial construction and land	118,263		—		20		186		—		118,469
Multifamily commercial real estate	53,905		—		—		84		—		53,989
1-4 family residential construction and land	92,604		—		1,257		—		—		93,861
Total commercial real estate	832,836		1,147		1,277		1,484		—		836,744
Owner occupied commercial real estate	875,206		9,588		6,072		1,139		—		892,005
Commercial and industrial loans	1,280,801		259		14,625		951		—		1,296,636
Lease financing	1,088		—		—		—		—		1,088
Total commercial	2,157,095		9,847		20,697		2,090		—		2,189,729
1-4 family residential	775,187		103		2,165		1,008		—		778,463
Home equity loans	291,460		54		1,839		2,196		—		295,549
Other consumer loans	397,467		—		—		1,748		—		399,215
Total consumer	1,464,114		157		4,004		4,952		—		1,473,227
Other	126,840		—		—		—		—		126,840
Total loans	$	4,580,885	$	11,151	$	25,978	$	8,526	$	—	$	4,626,540

The following table summarizes loans, excluding PCI loans by internal rating at December 31, 2015:



					Substandard
(Dollars in thousands)	Pass		Special Mention		Accruing		Non-accrual		Doubtful		Total
Non-owner occupied commercial real estate	$	561,080	$	1,154	$	—	$	1,406	$	—	$	563,640
Other commercial construction and land	110,710		—		22		186		—		110,918
Multifamily commercial real estate	57,011		—		—		88		—		57,099
1-4 family residential construction and land	89,152		—		1,152		—		—		90,304
Total commercial real estate	817,953		1,154		1,174		1,680		—		821,961
Owner occupied commercial real estate	880,806		6,843		6,239		1,107		—		894,995
Commercial and industrial loans	1,210,303		13,610		3,739		923		—		1,228,575
Lease financing	1,256		—		—		—		—		1,256
Total commercial	2,092,365		20,453		9,978		2,030		—		2,124,826
1-4 family residential	764,302		126		2,160		1,220		—		767,808
Home equity loans	295,726		55		1,869		2,642		—		300,292
Other consumer loans	431,884		—		—		1,373		—		433,257
Total consumer	1,491,912		181		4,029		5,235		—		1,501,357
Other	117,264		—		—		—		—		117,264
Total loans	$	4,519,494	$	21,788	$	15,181	$	8,945	$	—	$	4,565,408