Loans (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	June 30, 2013		December 31, 2012		June 30, 2012
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,091,894	$	1,002,722	$	915,352
Commercial real estate	1,172,347		1,161,861		1,119,655
Real estate construction	73,448		62,689		54,538
Land development	27,181		37,548		39,689
Subtotal	2,364,870		2,264,820		2,129,234
Consumer loan portfolio:
Residential mortgage	898,816		883,835		873,214
Consumer installment	577,241		546,036		535,283
Home equity	494,944		473,044		424,611
Subtotal	1,971,001		1,902,915		1,833,108
Total loans	$	4,335,871	$	4,167,735	$	3,962,342

Recorded investment of loans in the commercial loan portfolio by risk rating categories

The following schedule presents the recorded investment of loans in the commercial loan portfolio by risk rating categories at June 30, 2013, December 31, 2012 and June 30, 2012:

	Commercial		Real Estate Commercial		Real Estate Construction		Land Development		Total
	(In thousands)
June 30, 2013
Originated Portfolio:
Risk Grades 1-5	$	919,985	$	897,960	$	59,575	$	9,315	$	1,886,835
Risk Grade 6	26,848		43,650		58		434		70,990
Risk Grade 7	29,025		33,464		1,058		5,751		69,298
Risk Grade 8	9,693		28,048		183		3,434		41,358
Risk Grade 9	1,359		450		—		—		1,809
Subtotal	986,910		1,003,572		60,874		18,934		2,070,290
Acquired Portfolio:
Risk Grades 1-5	100,241		152,906		12,574		5,682		271,403
Risk Grade 6	2,315		5,696		—		—		8,011
Risk Grade 7	699		8,720		—		—		9,419
Risk Grade 8	1,729		1,453		—		2,565		5,747
Risk Grade 9	—		—		—		—		—
Subtotal	104,984		168,775		12,574		8,247		294,580
Total	$	1,091,894	$	1,172,347	$	73,448	$	27,181	$	2,364,870
December 31, 2012
Originated Portfolio:
Risk Grades 1-5	$	827,112	$	846,901	$	47,847	$	15,010	$	1,736,870
Risk Grade 6	38,066		45,261		59		497		83,883
Risk Grade 7	16,831		26,343		—		6,367		49,541
Risk Grade 8	12,540		33,345		1,217		4,184		51,286
Risk Grade 9	2,061		4,315		—		—		6,376
Subtotal	896,610		956,165		49,123		26,058		1,927,956
Acquired Portfolio:
Risk Grades 1-5	93,281		188,499		13,566		8,419		303,765
Risk Grade 6	8,225		5,900		—		237		14,362
Risk Grade 7	2,169		9,677		—		—		11,846
Risk Grade 8	2,437		1,620		—		2,834		6,891
Risk Grade 9	—		—		—		—		—
Subtotal	106,112		205,696		13,566		11,490		336,864
Total	$	1,002,722	$	1,161,861	$	62,689	$	37,548	$	2,264,820
June 30, 2012
Originated Portfolio:
Risk Grades 1-5	$	727,713	$	773,312	$	35,496	$	15,950	$	1,552,471
Risk Grade 6	23,651		37,144		—		3,915		64,710
Risk Grade 7	23,213		38,577		701		5,526		68,017
Risk Grade 8	12,235		38,509		408		3,077		54,229
Risk Grade 9	438		3,182		—		—		3,620
Subtotal	787,250		890,724		36,605		28,468		1,743,047
Acquired Portfolio:
Risk Grades 1-5	107,624		205,091		17,933		7,887		338,535
Risk Grade 6	13,158		12,560		—		—		25,718
Risk Grade 7	1,611		9,398		—		—		11,009
Risk Grade 8	5,709		1,882		—		3,334		10,925
Risk Grade 9	—		—		—		—		—
Subtotal	128,102		228,931		17,933		11,221		386,187
Total	$	915,352	$	1,119,655	$	54,538	$	39,689	$	2,129,234

Recorded investment of loans in the consumer loan portfolio based on the credit risk profile of loans in a performing and nonperforming status

The following schedule presents the recorded investment of loans in the consumer loan portfolio based on loans in a performing status and loans in a nonperforming status at June 30, 2013, December 31, 2012 and June 30, 2012:

	Residential Mortgage		Consumer Installment		Home Equity		Total Consumer
	(In thousands)
June 30, 2013
Originated Loans:
Performing	$	873,543	$	574,354	$	455,490	$	1,903,387
Nonperforming	12,651		552		3,753		16,956
Subtotal	886,194		574,906		459,243		1,920,343
Acquired Loans:
Performing	12,622		2,335		35,583		50,540
Nonperforming	—		—		118		118
Subtotal	12,622		2,335		35,701		50,658
Total	$	898,816	$	577,241	$	494,944	$	1,971,001
December 31, 2012
Originated Loans:
Performing	$	854,882	$	543,339	$	429,734	$	1,827,955
Nonperforming	14,988		739		3,502		19,229
Subtotal	869,870		544,078		433,236		1,847,184
Acquired Loans:
Performing	13,843		1,958		39,637		55,438
Nonperforming	122		—		171		293
Subtotal	13,965		1,958		39,808		55,731
Total	$	883,835	$	546,036	$	473,044	$	1,902,915
June 30, 2012
Originated Loans:
Performing	$	839,464	$	531,701	$	378,196	$	1,749,361
Nonperforming	17,551		1,182		3,969		22,702
Subtotal	857,015		532,883		382,165		1,772,063
Acquired Loans:
Performing	15,773		2,400		42,134		60,307
Nonperforming	426		—		312		738
Subtotal	16,199		2,400		42,446		61,045
Total	$	873,214	$	535,283	$	424,611	$	1,833,108

Summary of nonperforming loans

A summary of nonperforming loans follows:

	June 30, 2013		December 31, 2012		June 30, 2012
	(In thousands)
Nonaccrual loans:
Commercial	$	11,052	$	14,601	$	12,673
Commercial real estate	28,498		37,660		41,691
Real estate construction	183		1,217		408
Land development	3,434		4,184		3,077
Residential mortgage	9,241		10,164		12,613
Consumer installment	552		739		1,182
Home equity	3,064		2,733		2,812
Total nonaccrual loans	56,024		71,298		74,456
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	1		—		300
Commercial real estate	78		87		269
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	164		1,503		840
Consumer installment	—		—		—
Home equity	689		769		1,157
Total accruing loans contractually past due 90 days or more as to interest or principal payments	932		2,359		2,566
Nonperforming TDRs:
Commercial loan portfolio	19,140		13,876		11,691
Consumer loan portfolio	3,246		3,321		4,098
Total nonperforming TDRs	22,386		17,197		15,789
Total nonperforming loans	$	79,342	$	90,854	$	92,811

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at June 30, 2013, December 31, 2012 and June 30, 2012:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
June 30, 2013
Impaired loans with a valuation allowance:
Commercial	$	4,569	$	5,618	$	1,610
Commercial real estate	8,822		10,162		2,112
Real estate construction	—		—		—
Land development	2,039		2,872		130
Residential mortgage	17,406		17,406		582
Subtotal	32,836		36,058		4,434
Impaired loans with no related valuation allowance:
Commercial	21,969		25,934		—
Commercial real estate	42,913		56,117		—
Real estate construction	397		467		—
Land development	8,495		11,675		—
Residential mortgage	9,241		9,241		—
Consumer installment	552		552		—
Home equity	3,064		3,064		—
Subtotal	86,631		107,050		—
Total impaired loans:
Commercial	26,538		31,552		1,610
Commercial real estate	51,735		66,279		2,112
Real estate construction	397		467		—
Land development	10,534		14,547		130
Residential mortgage	26,647		26,647		582
Consumer installment	552		552		—
Home equity	3,064		3,064		—
Total	$	119,467	$	143,108	$	4,434
December 31, 2012
Impaired loans with a valuation allowance:
Commercial	$	6,368	$	6,818	$	1,966
Commercial real estate	17,267		17,607		5,359
Real estate construction	171		171		75
Land development	254		254		50
Residential mortgage	18,901		18,901		658
Subtotal	42,961		43,751		8,108
Impaired loans with no related valuation allowance:
Commercial	23,230		27,959		—
Commercial real estate	37,223		48,531		—
Real estate construction	1,046		1,116		—
Land development	10,867		15,112		—
Residential mortgage	10,164		10,164		—
Consumer installment	739		739		—
Home equity	2,733		2,733		—
Subtotal	86,002		106,354		—
Total impaired loans:
Commercial	29,598		34,777		1,966
Commercial real estate	54,490		66,138		5,359
Real estate construction	1,217		1,287		75
Land development	11,121		15,366		50
Residential mortgage	29,065		29,065		658
Consumer installment	739		739		—
Home equity	2,733		2,733		—
Total	$	128,963	$	150,105	$	8,108

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
June 30, 2012
Impaired loans with a valuation allowance:
Commercial	$	4,112	$	4,813	$	1,423
Commercial real estate	19,581		21,555		5,750
Real estate construction	181		181		134
Land development	972		1,008		154
Residential mortgage	18,399		18,399		677
Subtotal	43,245		45,956		8,138
Impaired loans with no related valuation allowance:
Commercial	23,690		28,827		—
Commercial real estate	38,947		51,008		—
Real estate construction	227		1,394		—
Land development	7,467		9,516		—
Residential mortgage	12,613		12,613		—
Consumer installment	1,182		1,182		—
Home equity	2,812		2,812		—
Subtotal	86,938		107,352		—
Total impaired loans:
Commercial	27,802		33,640		1,423
Commercial real estate	58,528		72,563		5,750
Real estate construction	408		1,575		134
Land development	8,439		10,524		154
Residential mortgage	31,012		31,012		677
Consumer installment	1,182		1,182		—
Home equity	2,812		2,812		—
Total	$	130,183	$	153,308	$	8,138

Schedule presents information related to impaired loans

The following schedule presents information related to impaired loans for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30, 2013				Six Months Ended June 30, 2013
	Average Recorded Investment		Interest  Income Recognized While on Impaired Status		Average Recorded Investment		Interest  Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	26,704	$	225	$	26,828	$	418
Commercial real estate	53,434		412		55,090		700
Real estate construction	410		3		386		5
Land development	10,879		91		10,897		182
Residential mortgage	26,903		274		27,911		569
Consumer installment	647		—		683		—
Home equity	2,878		—		2,920		—
Total	$	121,855	$	1,005	$	124,715	$	1,874

	Three Months Ended June 30, 2012				Six Months Ended June 30, 2012
	Average Recorded Investment		Interest  Income Recognized While on Impaired Status		Average Recorded Investment		Interest  Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	29,018	$	279	$	27,183	$	453
Commercial real estate	59,903		202		61,333		430
Real estate construction	435		—		249		—
Land development	8,301		73		8,014		145
Residential mortgage	35,100		350		36,365		743
Consumer installment	1,219		—		1,379		—
Home equity	2,966		—		2,895		—
Total	$	136,942	$	904	$	137,418	$	1,771

Schedule representing the aging status of the recorded investment in loans by classes

The following schedule presents the aging status of the recorded investment in loans by classes of loans at June 30, 2013, December 31, 2012 and June 30, 2012:

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Non-accrual Loans		Total Past Due		Current		Total Loans
	(In thousands)
June 30, 2013
Originated Portfolio:
Commercial	$	6,572	$	2,251	$	1	$	11,052	$	19,876	$	967,034	$	986,910
Commercial real estate	9,001		3,974		78		28,498		41,551		962,021		1,003,572
Real estate construction	—		—		—		183		183		60,691		60,874
Land development	—		—		—		3,434		3,434		15,500		18,934
Residential mortgage	2,871		67		164		9,241		12,343		873,851		886,194
Consumer installment	2,564		359		—		552		3,475		571,431		574,906
Home equity	1,520		349		689		3,064		5,622		453,621		459,243
Total	$	22,528	$	7,000	$	932	$	56,024	$	86,484	$	3,904,149	$	3,990,633

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Non-accrual Loans		Total Past Due		Current		Total Loans
	(In thousands)
June 30, 2013 (continued)
Acquired Portfolio:
Commercial	$	—	$	—	$	2,328	$	—	$	2,328	$	102,656	$	104,984
Commercial real estate	—		—		3,389		—		3,389		165,386		168,775
Real estate construction	—		—		—		—		—		12,574		12,574
Land development	2,080		—		2,564		—		4,644		3,603		8,247
Residential mortgage	198		78		—		—		276		12,346		12,622
Consumer installment	3		—		—		—		3		2,332		2,335
Home equity	297		—		119		—		416		35,285		35,701
Total	$	2,578	$	78	$	8,400	$	—	$	11,056	$	334,182	$	345,238
December 31, 2012
Originated Portfolio:
Commercial	$	3,999	$	730	$	—	$	14,601	$	19,330	$	877,280	$	896,610
Commercial real estate	5,852		2,089		87		37,660		45,688		910,477		956,165
Real estate construction	—		—		—		1,217		1,217		47,906		49,123
Land development	—		—		—		4,184		4,184		21,874		26,058
Residential mortgage	3,161		55		1,503		10,164		14,883		854,987		869,870
Consumer installment	2,415		378		—		739		3,532		540,546		544,078
Home equity	1,618		427		769		2,733		5,547		427,689		433,236
Total	$	17,045	$	3,679	$	2,359	$	71,298	$	94,381	$	3,680,759	$	3,775,140
Acquired Portfolio:
Commercial	$	—	$	—	$	2,834	$	—	$	2,834	$	103,278	$	106,112
Commercial real estate	287		15		3,139		—		3,441		202,255		205,696
Real estate construction	—		—		—		—		—		13,566		13,566
Land development	—		—		2,834		—		2,834		8,656		11,490
Residential mortgage	123		—		122		—		245		13,720		13,965
Consumer installment	10		—		—		—		10		1,948		1,958
Home equity	205		—		170		—		375		39,433		39,808
Total	$	625	$	15	$	9,099	$	—	$	9,739	$	382,856	$	392,595
June 30, 2012
Originated Portfolio:
Commercial	$	5,089	$	1,838	$	300	$	12,673	$	19,900	$	767,350	$	787,250
Commercial real estate	8,595		556		269		41,691		51,111		839,613		890,724
Real estate construction	—		—		—		408		408		36,197		36,605
Land development	728		187		—		3,077		3,992		24,476		28,468
Residential mortgage	2,568		94		840		12,613		16,115		840,900		857,015
Consumer installment	2,743		201		—		1,182		4,126		528,757		532,883
Home equity	1,013		660		1,157		2,812		5,642		376,523		382,165
Total	$	20,736	$	3,536	$	2,566	$	74,456	$	101,294	$	3,413,816	$	3,515,110
Acquired Portfolio:
Commercial	$	57	$	—	$	5,919	$	—	$	5,976	$	122,126	$	128,102
Commercial real estate	1,016		—		3,291		—		4,307		224,624		228,931
Real estate construction	—		—		—		—		—		17,933		17,933
Land development	—		—		3,607		—		3,607		7,614		11,221
Residential mortgage	75		—		426		—		501		15,698		16,199
Consumer installment	12		—		—		—		12		2,388		2,400
Home equity	258		—		312		—		570		41,876		42,446
Total	$	1,418	$	—	$	13,555	$	—	$	14,973	$	432,259	$	447,232

Schedule of Corporation's TDRs

The following schedule presents the Corporation’s loans reported as TDRs at June 30, 2013, December 31, 2012 and June 30, 2012:

	Performing		Nonperforming		Total
	(In thousands)
June 30, 2013
Commercial loan portfolio	$	18,497	$	19,140	$	37,637
Consumer loan portfolio	14,160		3,246		17,406
Total	$	32,657	$	22,386	$	55,043
December 31, 2012
Commercial loan portfolio	$	15,789	$	13,876	$	29,665
Consumer loan portfolio	15,580		3,321		18,901
Total	$	31,369	$	17,197	$	48,566
June 30, 2012
Commercial loan portfolio	$	12,082	$	11,691	$	23,773
Consumer loan portfolio	14,301		4,098		18,399
Total	$	26,383	$	15,789	$	42,172

Schedule providing information on performing and nonperforming TDRs

The following schedule provides information on loans reported as performing and nonperforming TDRs that were modified during the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30, 2013					Six Months Ended June 30, 2013
	Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	3	$	2,234	$	2,234	6	$	2,692	$	2,692
Commercial real estate	3	1,862		1,862		6	4,036		4,036
Land development	—	—		—		1	262		262
Subtotal – commercial loan portfolio	6	4,096		4,096		13	6,990		6,990
Consumer loan portfolio (residential mortgage)	13	638		617		29	1,887		1,831
Total	19	$	4,734	$	4,713	42	$	8,877	$	8,821

	Three Months Ended June 30, 2012					Six Months Ended June 30, 2012
	Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	5	$	1,964	$	1,964	10	$	3,225	$	3,225
Commercial real estate	6	2,309		2,309		11	3,839		3,839
Land development	—	—		—		1	1,638		1,638
Subtotal – commercial loan portfolio	11	4,273		4,273		22	8,702		8,702
Consumer loan portfolio (residential mortgage)	22	1,776		1,711		42	4,931		4,772
Total	33	$	6,049	$	5,984	64	$	13,633	$	13,474

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes loans reported as performing and nonperforming TDRs at June 30, 2013 and 2012, and TDRs that were transferred to nonaccrual status during the three and six months ended June 30, 2013 and 2012, for which there was a payment default during the three and six months ended June 30, 2013 and 2012, whereby the borrower was past due with respect to principal and/or interest for 90 days or more, and the loan became a TDR during the twelve-month period prior to the default:

	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013
	Number of Loans	Principal Balance at End of Period		Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	—	$	—	1	$	434
Commercial real estate	—	—		—	—
Subtotal – commercial loan portfolio	—	—		1	434
Consumer loan portfolio (residential mortgage)	—	—		3	369
Total	—	$	—	4	$	803
	Three Months Ended June 30, 2012			Six Months Ended June 30, 2012
	Number of Loans	Principal Balance at End of Period		Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	—	$	—	1	$	60
Commercial real estate	1	69		2	836
Subtotal – commercial loan portfolio	1	69		3	896
Consumer loan portfolio (residential mortgage)	2	170		4	384
Total	3	$	239	7	$	1,280

Schedule of allowance and recorded investment related to financing receivables segregated by portfolio segment

The following schedule presents, by loan portfolio segment, the changes in the allowance for the three and six months ended June 30, 2013 and details regarding the balance in the allowance and the recorded investment in loans at June 30, 2013 by impairment evaluation method.

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated		Total
	(In thousands)
Changes in allowance for loan losses for the three months ended June 30, 2013:
Beginning balance	$	49,107		$	28,852		$	4,875	$	82,834
Provision for loan losses	568			1,648			784		3,000
Charge-offs	(3,221		)	(2,140		)	—		(5,361		)
Recoveries	1,326			385			—		1,711
Ending balance	$	47,780		$	28,745		$	5,659	$	82,184
Changes in allowance for loan losses for the six months ended June 30, 2013:
Beginning balance	$	49,975		$	29,333		$	5,183	$	84,491
Provision for loan losses	3,005			2,519			476		6,000
Charge-offs	(6,737		)	(4,098		)	—		(10,835		)
Recoveries	1,537			991			—		2,528
Ending balance	$	47,780		$	28,745		$	5,659	$	82,184
Allowance for loan losses balance at June 30, 2013 attributable to:
Loans individually evaluated for impairment	$	3,852		$	582		$	—	$	4,434
Loans collectively evaluated for impairment	43,928			27,663			5,659		77,250
Loans acquired with deteriorated credit quality	—			500			—		500
Total	$	47,780		$	28,745		$	5,659	$	82,184
Recorded investment (loan balance) at June 30, 2013:
Loans individually evaluated for impairment	$	80,804		$	17,406		$	—	$	98,210
Loans collectively evaluated for impairment	1,989,486			1,902,937			—		3,892,423
Loans acquired with deteriorated credit quality	294,580			50,658			—		345,238
Total	$	2,364,870		$	1,971,001		$	—	$	4,335,871

The following schedule presents, by loan portfolio segment, details regarding the balance in the allowance and the recorded investment in loans at December 31, 2012 by impairment evaluation method.

	Commercial Loan Portfolio		Consumer Loan Portfolio		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2012 attributable to:
Loans individually evaluated for impairment	$	7,450	$	658	$	—	$	8,108
Loans collectively evaluated for impairment	42,525		28,175		5,183		75,883
Loans acquired with deteriorated credit quality	—		500		—		500
Total	$	49,975	$	29,333	$	5,183	$	84,491
Recorded investment (loan balance) at December 31, 2012:
Loans individually evaluated for impairment	$	87,327	$	18,901	$	—	$	106,228
Loans collectively evaluated for impairment	1,840,629		1,828,283		—		3,668,912
Loans acquired with deteriorated credit quality	336,864		55,731		—		392,595
Total	$	2,264,820	$	1,902,915	$	—	$	4,167,735

The following schedule presents, by loan portfolio segment, the changes in the allowance for the three and six months ended June 30, 2012 and details regarding the balance in the allowance and the recorded investment in loans at June 30, 2012 by impairment evaluation method.

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated			Total
	(In thousands)
Changes in allowance for loan losses for the three months ended June 30, 2012:
Beginning balance	$	54,917		$	27,726		$	5,142		$	87,785
Provision for loan losses	1,601			4,373			(1,974		)	4,000
Charge-offs	(3,197		)	(2,975		)	—			(6,172		)
Recoveries	438			660			—			1,098
Ending balance	$	53,759		$	29,784		$	3,168		$	86,711
Changes in allowance for loan losses for the six months ended June 30, 2012:
Beginning balance	$	55,645		$	29,166		$	3,522		$	88,333
Provision for loan losses	3,638			5,716			(354		)	9,000
Charge-offs	(6,576		)	(6,143		)	—			(12,719		)
Recoveries	1,052			1,045			—			2,097
Ending balance	$	53,759		$	29,784		$	3,168		$	86,711
Allowance for loan losses balance at June 30, 2012 attributable to:
Loans individually evaluated for impairment	$	7,461		$	677		$	—		$	8,138
Loans collectively evaluated for impairment	44,698			28,507			3,168			76,373
Loans acquired with deteriorated credit quality	1,600			600			—			2,200
Total	$	53,759		$	29,784		$	3,168		$	86,711
Recorded investment (loan balance) at June 30, 2012:
Loans individually evaluated for impairment	$	81,622		$	18,399		$	—		$	100,021
Loans collectively evaluated for impairment	1,661,425			1,753,664			—			3,415,089
Loans acquired with deteriorated credit quality	386,187			61,045			—			447,232
Total	$	2,129,234		$	1,833,108		$	—		$	3,962,342