Loans (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	December 31,
	2014		2013
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,354,881	$	1,176,307
Commercial real estate	1,557,648		1,232,658
Real estate construction	152,745		89,795
Land development	18,750		20,066
Subtotal	3,084,024		2,518,826
Consumer loan portfolio:
Residential mortgage	1,110,390		960,423
Consumer installment	829,570		644,769
Home equity	664,246		523,603
Subtotal	2,604,206		2,128,795
Total loans	$	5,688,230	$	4,647,621

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, 2014 and 2013:

	Commercial		Commercial Real Estate		Real Estate Construction		Land Development		Total
	(In thousands)
December 31, 2014
Originated Portfolio:
Risk Grades 1-5	$	1,171,817	$	1,114,529	$	134,668	$	2,952	$	2,423,966
Risk Grade 6	37,800		34,996		1,408		738		74,942
Risk Grade 7	29,863		29,935		2,502		613		62,913
Risk Grade 8	16,417		24,958		162		225		41,762
Risk Grade 9	1		8		—		—		9
Subtotal	1,255,898		1,204,426		138,740		4,528		2,603,592
Acquired Portfolio:
Risk Grades 1-5	76,780		321,018		14,005		11,789		423,592
Risk Grade 6	12,687		8,698		—		583		21,968
Risk Grade 7	4,089		12,478		—		197		16,764
Risk Grade 8	5,427		11,028		—		1,653		18,108
Risk Grade 9	—		—		—		—		—
Subtotal	98,983		353,222		14,005		14,222		480,432
Total	$	1,354,881	$	1,557,648	$	152,745	$	18,750	$	3,084,024
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

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, 2014 and 2013:

	Residential Mortgage		Consumer Installment		Home Equity		Total
	(In thousands)
December 31, 2014
Originated Loans:
Performing	$	987,542	$	818,878	$	566,083	$	2,372,503
Nonperforming	10,459		500		3,013		13,972
Subtotal	998,001		819,378		569,096		2,386,475
Acquired Loans:
Performing	111,101		10,174		94,696		215,971
Nonperforming	1,288		18		454		1,760
Subtotal	112,389		10,192		95,150		217,731
Total	$	1,110,390	$	829,570	$	664,246	$	2,604,206
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

Summary of nonperforming loans

A summary of nonperforming loans follows:

	December 31,
	2014		2013
	(In thousands)
Nonaccrual loans:
Commercial	$	16,418	$	18,374
Commercial real estate	24,966		28,598
Real estate construction	162		371
Land development	225		2,309
Residential mortgage	6,706		8,921
Consumer installment	500		676
Home equity	1,667		2,648
Total nonaccrual loans	50,644		61,897
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	170		536
Commercial real estate	—		190
Residential mortgage	557		537
Home equity	1,346		734
Total accruing loans contractually past due 90 days or more as to interest or principal payments	2,073		1,997
Nonperforming TDRs:
Commercial loan portfolio	15,271		13,414
Consumer loan portfolio	3,196		4,676
Total nonperforming TDRs	18,467		18,090
Total nonperforming loans	$	71,184	$	81,984

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at December 31, 2014:

	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	$	966	$	1,040	$	293	$	2,117	$	—
Commercial real estate	2,587		2,927		710		3,699		—
Real estate construction	—		—		—		—		—
Land development	—		—		—		—		—
Residential mortgage	19,681		19,681		335		19,740		1,252
Subtotal	23,234		23,648		1,338		25,556		1,252
Impaired loans with no related valuation allowance:
Commercial	38,094		44,557		—		39,020		1,375
Commercial real estate	60,616		82,693		—		49,676		1,567
Real estate construction	162		255		—		164		—
Land development	1,928		3,484		—		3,551		131
Residential mortgage	7,994		7,994		—		7,005		15
Consumer installment	518		518		—		602		1
Home equity	2,121		2,121		—		2,302		12
Subtotal	111,433		141,622		—		102,320		3,101
Total impaired loans:
Commercial	39,060		45,597		293		41,137		1,375
Commercial real estate	63,203		85,620		710		53,375		1,567
Real estate construction	162		255		—		164		—
Land development	1,928		3,484		—		3,551		131
Residential mortgage	27,675		27,675		335		26,745		1,267
Consumer installment	518		518		—		602		1
Home equity	2,121		2,121		—		2,302		12
Total	$	134,667	$	165,270	$	1,338	$	127,876	$	4,353

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 average annual recorded investment of impaired loans during 2012 was $133.0 million and was comprised of the following classes of loans: commercial - $27.7 million; commercial real estate - $58.1 million; real estate construction - $0.7 million; land development - $9.1 million; residential mortgage - $33.4 million; consumer installment - $1.1 million; and home equity - $2.9 million. Interest income recognized during 2012 while these loans were in impaired status was $3.7 million, including $1.0 million on commercial loans, $1.0 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, 2014 and 2013.

	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, 2014
Originated Portfolio:
Commercial	$	4,033	$	743	$	170	$	16,418	$	21,364	$	1,234,534	$	1,255,898
Commercial real estate	7,515		1,383		—		24,966		33,864		1,170,562		1,204,426
Real estate construction	262		—		—		162		424		138,316		138,740
Land development	—		—		—		225		225		4,303		4,528
Residential mortgage	2,126		54		557		6,706		9,443		988,558		998,001
Consumer installment	3,620		512		—		500		4,632		814,746		819,378
Home equity	3,039		660		1,346		1,667		6,712		562,384		569,096
Total	$	20,595	$	3,352	$	2,073	$	50,644	$	76,664	$	4,913,403	$	4,990,067
Acquired Portfolio:
Commercial	$	133	$	—	$	5,427	$	—	$	5,560	$	93,423	$	98,983
Commercial real estate	2,014		352		11,052		—		13,418		339,804		353,222
Real estate construction	—		—		—		—		—		14,005		14,005
Land development	—		—		1,653		—		1,653		12,569		14,222
Residential mortgage	156		—		18		—		174		112,215		112,389
Consumer installment	55		3		454		—		512		9,680		10,192
Home equity	636		106		1,288		—		2,030		93,120		95,150
Total	$	2,994	$	461	$	19,892	$	—	$	23,347	$	674,816	$	698,163
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

Loan

Schedule of Corporation's TDRs

The following schedule presents the Corporation's TDRs at December 31, 2014 and 2013:

	Performing TDRs		Non-Performing TDRs		Nonaccrual TDRs		Total
	(In thousands)
December 31, 2014
Commercial loan portfolio	$	29,179	$	15,271	$	32,597	$	77,047
Consumer loan portfolio	16,485		3,196		4,594		24,275
Total	$	45,664	$	18,467	$	37,191	$	101,322
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

Schedule providing information on performing and nonperforming TDRs

The following schedule provides information on the Corporation's TDRs that were modified during the years ended December 31, 2014, 2013 and 2012:

	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Year ended December 31, 2014
Commercial loan portfolio:
Commercial	53	$	13,781	$	13,781
Commercial real estate	46	12,075		12,075
Land development	1	72		72
Subtotal — commercial loan portfolio	100	25,928		25,928
Consumer loan portfolio (residential mortgage)	119	4,184		4,158
Total	219	$	30,112	$	30,086
Year 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
Year ended December 31, 2012
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

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes TDRs for which there was a payment default during the years ended December 31, 2014, 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:

	Years Ended December 31,
	2014			2013			2012
	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	7	$	885	23	$	2,745	10	$	1,692
Commercial real estate	6	2,352		8	4,278		15	4,993
Real estate construction	—	—		3	371		—	—
Land development	—	—		2	1,526		4	1,157
Subtotal — commercial loan portfolio	13	3,237		36	8,920		29	7,842
Consumer loan portfolio (residential mortgage)	12	259		22	1,826		13	1,673
Total	25	$	3,496	58	$	10,746	42	$	9,515

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, 2014 and details regarding the balance in the allowance and the recorded investment in loans at December 31, 2014 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, 2014:
Beginning balance	$	44,482		$	30,145		$	4,445		$	79,072
Provision for loan losses	3,464			4,357			(1,721		)	6,100
Charge-offs	(6,399		)	(7,830		)	—			(14,229		)
Recoveries	2,609			2,131			—			4,740
Ending balance	$	44,156		$	28,803		$	2,724		$	75,683
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans individually evaluated for impairment	$	1,003		$	335		$	—		$	1,338
Loans collectively evaluated for impairment	43,153			27,968			2,724			73,845
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	44,156		$	28,803		$	2,724		$	75,683
Recorded investment (loan balance) at December 31, 2014:
Loans individually evaluated for impairment	$	86,221		$	19,681		$	—		$	105,902
Loans collectively evaluated for impairment	2,517,371			2,366,794			—			4,884,165
Loans acquired with deteriorated credit quality	480,432			217,731			—			698,163
Total	$	3,084,024		$	2,604,206		$	—		$	5,688,230

The following 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