Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2016

Activity in the allowance for loan and lease losses for the three months ended March 31, 2016 and 2015 is as follows:



(Dollars in thousands)	Three Months Ended
	March 31, 2016			March 31, 2015
Balance, beginning of period	$	45,034		$	50,211
Provision (reversal of provision) for loan losses for PCI loans	(9		)	(1,926		)
PCI loans charged-off	—			—
Provision for loan losses for non-PCI loans	1,384			1,085
Non-PCI loans charged-off	(1,824		)	(1,899		)
Recoveries of non-PCI loans previously charged-off	678			754
Balance, end of period	$	45,263		$	48,225

Roll Forward of Allowance for Loan and Lease Losses

The following tables present the roll forward of the allowance for loan and lease losses for the three months ended March 31, 2016 and 2015 by the class of loans against which the allowance is allocated:



(Dollars in thousands)	December 31, 2015		Provision/ (Reversals)			Net (Charge-offs)/ Recoveries			March 31, 2016
Non-owner occupied commercial real estate	$	1,598	$	66		$	7		$	1,671
Other commercial construction and land	12,919		274			3			13,196
Multifamily commercial real estate	186		(4		)	—			182
1-4 family residential construction and land	1,275		9			1			1,285
Total commercial real estate	15,978		345			11			16,334
Owner occupied commercial real estate	1,505		262			(80		)	1,687
Commercial and industrial loans	9,627		465			37			10,129
Lease financing	—		—			—			—
Total commercial	11,132		727			(43		)	11,816
1-4 family residential	11,057		(688		)	5			10,374
Home equity loans	1,853		(370		)	112			1,595
Other consumer loans	4,751		991			(900		)	4,842
Total consumer	17,661		(67		)	(783		)	16,811
Other	263		370			(331		)	302
Total loans	$	45,034	$	1,375		$	(1,146	)	$	45,263



(Dollars in thousands)	December 31, 2014		Provision/ (Reversals)			Net(Charge-offs)/ Recoveries			March 31, 2015
Non-owner occupied commercial real estate	$	2,022	$	(135	)	$	3		$	1,890
Other commercial construction and land	12,181		233			161			12,575
Multifamily commercial real estate	252		(29		)	—			223
1-4 family residential construction and land	1,102		(83		)	1			1,020
Total commercial real estate	15,557		(14		)	165			15,708
Owner occupied commercial real estate	2,504		183			(112		)	2,575
Commercial and industrial loans	9,502		(382		)	97			9,217
Lease financing	—		—			—			—
Total commercial	12,006		(199		)	(15		)	11,792
1-4 family residential	15,451		(1,710		)	(211		)	13,530
Home equity loans	2,815		42			(68		)	2,789
Other consumer loans	4,122		753			(733		)	4,142
Total consumer	22,388		(915		)	(1,012		)	20,461
Other	260		287			(283		)	264
Total loans	$	50,211	$	(841	)	$	(1,145	)	$	48,225

Roll forward of Allowance for Loan and Lease Losses for PCI and Non-PCI Loans

The following tables present the roll forward of the allowance for loan and lease losses for PCI and non-PCI loans for the three months ended March 31, 2016 and 2015, by the class of loans against which the allowance is allocated:



(Dollars in thousands)	Three Months Ended
	March 31, 2016									March 31, 2015
	Non-PCI			PCI			Total			Non-PCI			PCI			Total
Allowance for loan and lease losses at the beginning of the period	$	20,546		$	24,488		$	45,034		$	21,355		$	28,856		$	50,211
Charge-offs:
Non-owner occupied commercial real estate	(1		)	—			(1		)	—			—			—
Other commercial construction and land	—			—			—			(8		)	—			(8		)
Multifamily commercial real estate	—			—			—			—			—			—
1-4 family residential construction and land	—			—			—			—			—			—
Total commercial real estate	(1		)	—			(1		)	(8		)	—			(8		)
Owner occupied commercial real estate	(80		)	—			(80		)	(112		)	—			(112		)
Commercial and industrial loans	(1		)	—			(1		)	(54		)	—			(54		)
Lease financing	—			—			—			—			—			—
Total commercial	(81		)	—			(81		)	(166		)	—			(166		)
1-4 family residential	—			—			—			(215		)	—			(215		)
Home equity loans	(61		)	—			(61		)	(160		)	—			(160		)
Other consumer loans	(1,129		)	—			(1,129		)	(867		)	—			(867		)
Total consumer	(1,190		)	—			(1,190		)	(1,242		)	—			(1,242		)
Other	(552		)	—			(552		)	(483		)	—			(483		)
Total charge-offs	(1,824		)	—			(1,824		)	(1,899		)	—			(1,899		)
Recoveries:
Non-owner occupied commercial real estate	8			—			8			3			—			3
Other commercial construction and land	3			—			3			169			—			169
Multifamily commercial real estate	—			—			—			—			—			—
1-4 family residential construction and land	1			—			1			1			—			1
Total commercial real estate	12			—			12			173			—			173
Owner occupied commercial real estate	—			—			—			—			—			—
Commercial and industrial loans	38			—			38			151			—			151
Lease financing	—			—			—			—			—			—
Total commercial	38			—			38			151			—			151
1-4 family residential	5			—			5			4			—			4
Home equity loans	173			—			173			92			—			92
Other consumer loans	229			—			229			134			—			134
Total consumer	407			—			407			230			—			230
Other	221			—			221			200			—			200
Total recoveries	678			—			678			754			—			754
Net charge-offs	(1,146		)	—			(1,146		)	(1,145		)	—			(1,145		)
Provision (reversal) for loan and lease losses:
Non-owner occupied commercial real estate	(51		)	117			66			32			(167		)	(135		)
Other commercial construction and land	(103		)	377			274			(204		)	437			233
Multifamily commercial real estate	(14		)	10			(4		)	(4		)	(25		)	(29		)
1-4 family residential construction and land	41			(32		)	9			(29		)	(54		)	(83		)
Total commercial real estate	(127		)	472			345			(205		)	191			(14		)
Owner occupied commercial real estate	138			124			262			300			(117		)	183
Commercial and industrial loans	306			159			465			(213		)	(169		)	(382		)
Lease financing	—			—			—			1			(1		)	—
Total commercial	444			283			727			88			(287		)	(199		)
1-4 family residential	(100		)	(588		)	(688		)	107			(1,817		)	(1,710		)
Home equity loans	(155		)	(215		)	(370		)	55			(13		)	42
Other consumer loans	984			7			991			747			6			753
Total consumer	729			(796		)	(67		)	909			(1,824		)	(915		)
Other	338			32			370			293			(6		)	287
Total provision (reversal) for loan and lease losses	1,384			(9		)	1,375			1,085			(1,926		)	(841		)
Allowance for loan and lease losses at the end of the period	$	20,784		$	24,479		$	45,263		$	21,295		$	26,930		$	48,225

Summary of Allowance for Loan and Lease Losses and Recorded Investment in Loans by Class of Loans and by Impairment Evaluation

The following table presents the balance in the allowance for loan and lease losses and the recorded investment in loans by class of loan and by impairment evaluation method as of March 31, 2016:



(Dollars in thousands)	Allowance for Loan and Lease Losses						Loans
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit- Impaired		Individually Evaluated for Impairment		Collectively Evaluated for Impairment (1)		Purchased Credit- Impaired
Non-owner occupied commercial real estate	$	—	$	1,238	$	433	$	775	$	569,650	$	280,341
Other commercial construction and land	21		1,613		11,562		100		118,369		76,502
Multifamily commercial real estate	—		46		136		—		53,989		21,748
1-4 family residential construction and land	—		795		490		—		93,861		2,842
Total commercial real estate	21		3,692		12,621		875		835,869		381,433
Owner occupied commercial real estate	—		1,396		291		4,358		887,647		203,455
Commercial and industrial loans	—		8,000		2,129		6,035		1,290,601		78,597
Lease financing	—		—		—		—		1,088		—
Total commercial	—		9,396		2,420		10,393		2,179,336		282,052
1-4 family residential	45		2,131		8,198		1,459		768,934		236,608
Home equity loans	13		537		1,045		810		294,739		72,961
Other consumer loans	14		4,695		133		401		398,814		2,756
Total consumer	72		7,363		9,376		2,670		1,462,487		312,325
Other	—		240		62		—		126,840		32,607
Total loans	$	93	$	20,691	$	24,479	$	13,938	$	4,604,532	$	1,008,417


(1)	Loans collectively evaluated for impairment include $269.4 million of acquired loans which are presented net of unamortized purchase discounts of $7.5 million.

The following table presents the balance in the allowance for loan and lease losses and the recorded investment in loans by class of loan and by impairment evaluation method as of December 31, 2015:



(Dollars in thousands)	Allowance for Loan and Lease Losses						Loans
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit- Impaired		Individually Evaluated for Impairment		Collectively Evaluated for Impairment (1)		Purchased Credit- Impaired
Non-owner occupied commercial real estate	$	—	$	1,282	$	316	$	463	$	563,177	$	302,752
Other commercial construction and land	—		1,735		11,184		—		110,918		85,877
Multifamily commercial real estate	—		59		127		—		57,099		23,609
1-4 family residential construction and land	—		753		522		—		90,304		2,938
Total commercial real estate	—		3,829		12,149		463		821,498		415,176
Owner occupied commercial real estate	—		1,338		167		3,858		891,137		209,977
Commercial and industrial loans	—		7,657		1,970		2,907		1,225,668		81,129
Lease financing	—		—		—		—		1,256		—
Total commercial	—		8,995		2,137		6,765		2,118,061		291,106
1-4 family residential	46		2,225		8,786		1,468		755,771		249,983
Home equity loans	12		581		1,260		1,573		298,719		74,984
Other consumer loans	17		4,608		126		423		432,834		3,221
Total consumer	75		7,414		10,172		3,464		1,487,324		328,188
Other	—		233		30		—		117,264		32,838
Total loans	$	75	$	20,471	$	24,488	$	10,692	$	4,544,147	$	1,067,308


(1)	Loans collectively evaluated for impairment include $284.8 million of acquired loans which are presented net of unamortized purchase discounts of $8.1 million.