Loans (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	December 31,
	2013		2012
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,176,307	$	1,002,722
Commercial real estate	1,232,658		1,161,861
Real estate construction	89,795		62,689
Land development	20,066		37,548
Subtotal	2,518,826		2,264,820
Consumer loan portfolio:
Residential mortgage	960,423		883,835
Consumer installment	644,769		546,036
Home equity	523,603		473,044
Subtotal	2,128,795		1,902,915
Total loans	$	4,647,621	$	4,167,735

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 December 31, 2013 and 2012:

	Commercial		Commercial Real Estate		Real Estate Construction		Land Development		Total
	(In thousands)
December 31, 2013
Originated Portfolio:
Risk Grades 1-5	$	1,024,461	$	991,964	$	75,696	$	6,874	$	2,098,995
Risk Grade 6	20,082		34,248		654		969		55,953
Risk Grade 7	29,776		30,377		738		3,128		64,019
Risk Grade 8	17,414		28,580		371		2,309		48,674
Risk Grade 9	960		18		—		—		978
Subtotal	1,092,693		1,085,187		77,459		13,280		2,268,619
Acquired Portfolio:
Risk Grades 1-5	73,763		133,653		12,336		4,667		224,419
Risk Grade 6	5,472		5,022		—		—		10,494
Risk Grade 7	852		7,792		—		—		8,644
Risk Grade 8	3,527		1,004		—		2,119		6,650
Risk Grade 9	—		—		—		—		—
Subtotal	83,614		147,471		12,336		6,786		250,207
Total	$	1,176,307	$	1,232,658	$	89,795	$	20,066	$	2,518,826
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

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 December 31, 2013 and 2012:

	Residential Mortgage		Consumer Installment		Home Equity		Total
	(In thousands)
December 31, 2013
Originated Loans:
Performing	$	934,747	$	642,370	$	488,996	$	2,066,113
Nonperforming	14,134		676		3,382		18,192
Subtotal	948,881		643,046		492,378		2,084,305
Acquired Loans:
Performing	11,481		1,723		31,182		44,386
Nonperforming	61		—		43		104
Subtotal	11,542		1,723		31,225		44,490
Total	$	960,423	$	644,769	$	523,603	$	2,128,795
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

Summary of nonperforming loans

A summary of nonperforming loans follows:

	December 31,
	2013		2012
	(In thousands)
Nonaccrual loans:
Commercial	$	18,374	$	14,601
Commercial real estate	28,598		37,660
Real estate construction	371		1,217
Land development	2,309		4,184
Residential mortgage	8,921		10,164
Consumer installment	676		739
Home equity	2,648		2,733
Total nonaccrual loans	61,897		71,298
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	536		—
Commercial real estate	190		87
Residential mortgage	537		1,503
Home equity	734		769
Total accruing loans contractually past due 90 days or more as to interest or principal payments	1,997		2,359
Nonperforming TDRs:
Commercial loan portfolio	13,414		13,876
Consumer loan portfolio	4,676		3,321
Total nonperforming TDRs	18,090		17,197
Total nonperforming loans	$	81,984	$	90,854

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at December 31, 2013:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance		Average Annual Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Impaired loans with a valuation allowance:
Commercial	$	2,517	$	2,656	$	728	$	5,398	$	—
Commercial real estate	2,576		2,965		353		9,725		—
Real estate construction	—		—		—		56		—
Land development	—		—		—		719		—
Residential mortgage	17,408		17,408		510		17,689		1,123
Subtotal	22,501		23,029		1,591		33,587		1,123
Impaired loans with no related valuation allowance:
Commercial	38,838		44,377		—		24,231		990
Commercial real estate	48,220		61,444		—		41,100		1,348
Real estate construction	371		478		—		314		—
Land development	7,170		11,817		—		9,075		303
Residential mortgage	8,921		8,921		—		9,147		—
Consumer installment	676		676		—		653		—
Home equity	2,648		2,648		—		2,914		—
Subtotal	106,844		130,361		—		87,434		2,641
Total impaired loans:
Commercial	41,355		47,033		728		29,629		990
Commercial real estate	50,796		64,409		353		50,825		1,348
Real estate construction	371		478		—		370		—
Land development	7,170		11,817		—		9,794		303
Residential mortgage	26,329		26,329		510		26,836		1,123
Consumer installment	676		676		—		653		—
Home equity	2,648		2,648		—		2,914		—
Total	$	129,345	$	153,390	$	1,591	$	121,021	$	3,764

The following schedule presents impaired loans by classes of loans at December 31, 2012:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance		Average Annual Recorded Investment		Interest  Income Recognized While on Impaired Status
	(In thousands)
Impaired loans with a valuation allowance:
Commercial	$	6,368	$	6,818	$	1,966	$	6,108	$	—
Commercial real estate	17,267		17,607		5,359		19,788		—
Real estate construction	171		171		75		130		—
Land development	254		254		50		1,278		—
Residential mortgage	18,901		18,901		658		21,307		1,353
Subtotal	42,961		43,751		8,108		48,611		1,353
Impaired loans with no related valuation allowance:
Commercial	23,230		27,959		—		21,651		964
Commercial real estate	37,223		48,531		—		38,342		1,020
Real estate construction	1,046		1,116		—		543		—
Land development	10,867		15,112		—		7,811		387
Residential mortgage	10,164		10,164		—		12,057		—
Consumer installment	739		739		—		1,093		—
Home equity	2,733		2,733		—		2,922		—
Subtotal	86,002		106,354		—		84,419		2,371
Total impaired loans:
Commercial	29,598		34,777		1,966		27,759		964
Commercial real estate	54,490		66,138		5,359		58,130		1,020
Real estate construction	1,217		1,287		75		673		—
Land development	11,121		15,366		50		9,089		387
Residential mortgage	29,065		29,065		658		33,364		1,353
Consumer installment	739		739		—		1,093		—
Home equity	2,733		2,733		—		2,922		—
Total	$	128,963	$	150,105	$	8,108	$	133,030	$	3,724

The average annual recorded investment of impaired loans during 2011 was $157.3 million and was comprised of the following classes of loans: commercial - $29.9 million; commercial real estate - $69.4 million; real estate construction - $0.2 million; land development - $13.4 million; residential mortgage - $38.6 million; consumer installment - $2.7 million; and home equity - $3.1 million. Interest income recognized during 2011 while these loans were in impaired status was $3.6 million, including $1.0 million on commercial loans, $0.8 million on commercial real estate loans, $0.4 million on land development loans and $1.4 million on residential mortgage loans.

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 December 31, 2013 and 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)
December 31, 2013
Originated Portfolio:
Commercial	$	4,748	$	865	$	536	$	18,374	$	24,523	$	1,068,170	$	1,092,693
Commercial real estate	8,560		1,604		190		28,598		38,952		1,046,235		1,085,187
Real estate construction	—		4,107		—		371		4,478		72,981		77,459
Land development	—		—		—		2,309		2,309		10,971		13,280
Residential mortgage	2,191		103		537		8,921		11,752		937,129		948,881
Consumer installment	2,630		359		—		676		3,665		639,381		643,046
Home equity	1,452		278		734		2,648		5,112		487,266		492,378
Total	$	19,581	$	7,316	$	1,997	$	61,897	$	90,791	$	4,262,133	$	4,352,924
Acquired Portfolio:
Commercial	$	—	$	—	$	5,656	$	—	$	5,656	$	77,958	$	83,614
Commercial real estate	—		133		1,695		—		1,828		145,643		147,471
Real estate construction	—		—		—		—		—		12,336		12,336
Land development	—		—		2,332		—		2,332		4,454		6,786
Residential mortgage	—		—		61		—		61		11,481		11,542
Consumer installment	3		51		—		—		54		1,669		1,723
Home equity	394		—		43		—		437		30,788		31,225
Total	$	397	$	184	$	9,787	$	—	$	10,368	$	284,329	$	294,697
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

Loan

Schedule of Corporation's TDRs

The following schedule presents the Corporation's TDRs at December 31, 2013 and 2012:

	Performing TDRs		Non-Performing TDRs		Nonaccrual TDRs		Total
	(In thousands)
December 31, 2013
Commercial loan portfolio	$	26,839	$	13,414	$	31,961	$	72,214
Consumer loan portfolio	12,732		4,676		5,321		22,729
Total	$	39,571	$	18,090	$	37,282	$	94,943
December 31, 2012
Commercial loan portfolio	$	15,789	$	13,876	$	42,711	$	72,376
Consumer loan portfolio	15,580		3,321		4,783		23,684
Total	$	31,369	$	17,197	$	47,494	$	96,060

Schedule providing information on performing and nonperforming TDRs

The following schedule provides information on the Corporation's TDRs that were modified during the twelve months ended December 31, 2013, 2012 and 2011:

	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Twelve months ended December 31, 2013
Commercial loan portfolio:
Commercial	57	$	12,123	$	12,123
Commercial real estate	49	16,222		16,222
Real estate construction	4	575		575
Land development	4	1,958		1,958
Subtotal — commercial loan portfolio	114	30,878		30,878
Consumer loan portfolio (residential mortgage)	85	4,943		4,840
Total	199	$	35,821	$	35,718
Twelve months ended December 31, 2012 (As Revised)
Commercial loan portfolio:
Commercial	91	$	13,720	$	13,720
Commercial real estate	77	17,328		17,328
Land development	11	5,494		5,494
Subtotal — commercial loan portfolio	179	36,542		36,542
Consumer loan portfolio (residential mortgage)	121	9,944		9,684
Total	300	$	46,486	$	46,226
Twelve months ended December 31, 2011 (As Revised)
Commercial loan portfolio:
Commercial	20	$	4,806	$	4,806
Commercial real estate	26	6,316		6,316
Subtotal — commercial loan portfolio	46	11,122		11,122
Consumer loan portfolio (residential mortgage)	139	11,028		10,575
Total	185	$	22,150	$	21,697

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes TDRs for which there was a payment default during the twelve months ended December 31, 2013, 2012 and 2011, 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:

	Years Ended December 31,
	2013			2012			2011
				(As Revised)			(As Revised)
	Number of Loans	Principal Balance at Year End		Number of Loans	Principal Balance at Year End		Number of Loans	Principal Balance at Year End
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	23	$	2,745	10	$	1,692	7	$	2,659
Commercial real estate	8	4,278		15	4,993		9	1,828
Real estate construction	3	371		—	—		—	—
Land development	2	1,526		4	1,157		—	—
Subtotal — commercial loan portfolio	36	8,920		29	7,842		16	4,487
Consumer loan portfolio (residential mortgage)	22	1,826		13	1,673		21	1,964
Total	58	$	10,746	42	$	9,515	37	$	6,451

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 year ended December 31, 2013 and details regarding the balance in the allowance and the recorded investment in loans at December 31, 2013 by impairment evaluation method.

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated			Total
	(In thousands)
Changes in allowance for loan losses for the year ended December 31, 2013:
Beginning balance	$	49,975		$	29,333		$	5,183		$	84,491
Provision for loan losses	3,895			7,843			(738		)	11,000
Charge-offs	(12,280		)	(8,866		)	—			(21,146		)
Recoveries	2,892			1,835			—			4,727
Ending balance	$	44,482		$	30,145		$	4,445		$	79,072
Allowance for loan losses balance at December 31, 2013 attributable to:
Loans individually evaluated for impairment	$	1,081		$	510		$	—		$	1,591
Loans collectively evaluated for impairment	43,401			29,135			4,445			76,981
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	44,482		$	30,145		$	4,445		$	79,072
Recorded investment (loan balance) at December 31, 2013:
Loans individually evaluated for impairment	$	89,905		$	17,408		$	—		$	107,313
Loans collectively evaluated for impairment	2,178,714			2,066,897			—			4,245,611
Loans acquired with deteriorated credit quality	250,207			44,490			—			294,697
Total	$	2,518,826		$	2,128,795		$	—		$	4,647,621

The following presents, by loan portfolio segment, the changes in the allowance for the year ended December 31, 2012 and 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)
Changes in allowance for loan losses for the year ended December 31, 2012:
Beginning balance	$	55,645		$	29,166		$	3,522	$	88,333
Provision for loan losses	7,061			9,778			1,661		18,500
Charge-offs	(15,723		)	(11,713		)	—		(27,436		)
Recoveries	2,992			2,102			—		5,094
Ending balance	$	49,975		$	29,333		$	5,183	$	84,491
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