Loans (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	March 31, 2015		December 31, 2014		March 31, 2014
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,356,169	$	1,354,881	$	1,208,641
Commercial real estate	1,616,923		1,557,648		1,279,167
Real estate construction	95,923		152,745		85,084
Land development	12,916		18,750		13,761
Subtotal	3,081,931		3,084,024		2,586,653
Consumer loan portfolio:
Residential mortgage	1,117,445		1,110,390		962,009
Consumer installment	844,066		829,570		675,412
Home equity	659,432		664,246		529,215
Subtotal	2,620,943		2,604,206		2,166,636
Total loans	$	5,702,874	$	5,688,230	$	4,753,289

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 March 31, 2015, December 31, 2014 and March 31, 2014:

	Commercial		Commercial Real Estate		Real Estate Construction		Land Development		Total
	(In thousands)
March 31, 2015
Originated Portfolio:
Risk Grades 1-5	$	1,176,021	$	1,175,373	$	93,864	$	2,633	$	2,447,891
Risk Grade 6	40,999		44,248		—		738		85,985
Risk Grade 7	28,983		27,961		1,396		601		58,941
Risk Grade 8	18,904		24,760		663		290		44,617
Risk Grade 9	—		6		—		—		6
Subtotal	1,264,907		1,272,348		95,923		4,262		2,637,440
Acquired Portfolio:
Risk Grades 1-5	71,422		318,113		—		6,724		396,259
Risk Grade 6	11,299		7,786		—		253		19,338
Risk Grade 7	6,509		12,735		—		140		19,384
Risk Grade 8	2,032		5,941		—		1,537		9,510
Risk Grade 9	—		—		—		—		—
Subtotal	91,262		344,575		—		8,654		444,491
Total	$	1,356,169	$	1,616,923	$	95,923	$	12,916	$	3,081,931
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
March 31, 2014
Originated Portfolio:
Risk Grades 1-5	$	1,060,743	$	1,034,517	$	70,750	$	3,831	$	2,169,841
Risk Grade 6	18,359		33,962		680		968		53,969
Risk Grade 7	33,768		32,671		815		700		67,954
Risk Grade 8	17,301		27,552		160		2,267		47,280
Risk Grade 9	950		16		—		—		966
Subtotal	1,131,121		1,128,718		72,405		7,766		2,340,010
Acquired Portfolio:
Risk Grades 1-5	67,326		139,130		12,679		3,906		223,041
Risk Grade 6	2,423		2,627		—		—		5,050
Risk Grade 7	3,635		7,753		—		—		11,388
Risk Grade 8	4,136		939		—		2,089		7,164
Risk Grade 9	—		—		—		—		—
Subtotal	77,520		150,449		12,679		5,995		246,643
Total	$	1,208,641	$	1,279,167	$	85,084	$	13,761	$	2,586,653

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 March 31, 2015, December 31, 2014 and March 31, 2014:

	Residential Mortgage		Consumer Installment		Home Equity		Total Consumer
	(In thousands)
March 31, 2015
Originated Loans:
Performing	$	998,196	$	834,926	$	565,992	$	2,399,114
Nonperforming	9,376		433		2,299		12,108
Subtotal	1,007,572		835,359		568,291		2,411,222
Acquired Loans:
Performing	109,005		8,696		90,686		208,387
Nonperforming	868		11		455		1,334
Subtotal	109,873		8,707		91,141		209,721
Total	$	1,117,445	$	844,066	$	659,432	$	2,620,943
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
March 31, 2014
Originated Loans:
Performing	$	937,968	$	672,984	$	497,196	$	2,108,148
Nonperforming	12,833		806		2,668		16,307
Subtotal	950,801		673,790		499,864		2,124,455
Acquired Loans:
Performing	11,150		1,622		29,020		41,792
Nonperforming	58		—		331		389
Subtotal	11,208		1,622		29,351		42,181
Total	$	962,009	$	675,412	$	529,215	$	2,166,636

Summary of nonperforming loans

A summary of nonperforming loans follows:

	March 31, 2015		December 31, 2014		March 31, 2014
	(In thousands)
Nonaccrual loans:
Commercial	$	18,904	$	16,418	$	18,251
Commercial real estate	24,766		24,966		27,568
Real estate construction	663		162		160
Land development	290		225		2,267
Residential mortgage	6,514		6,706		6,589
Consumer installment	433		500		806
Home equity	1,870		1,667		2,046
Total nonaccrual loans	53,440		50,644		57,687
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	52		170		43
Commercial real estate	148		—		730
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	172		557		—
Consumer installment	—		—		—
Home equity	429		1,346		622
Total accruing loans contractually past due 90 days or more as to interest or principal payments	801		2,073		1,395
Nonperforming TDRs:
Commercial loan portfolio	15,810		15,271		11,218
Consumer loan portfolio	2,690		3,196		6,244
Total nonperforming TDRs	18,500		18,467		17,462
Total nonperforming loans	$	72,741	$	71,184	$	76,544

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at March 31, 2015, December 31, 2014 and March 31, 2014:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
March 31, 2015
Impaired loans with a valuation allowance:
Commercial	$	3,433	$	3,527	$	1,119
Commercial real estate	1,780		1,961		496
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	19,887		19,887		297
Subtotal	25,100		25,375		1,912
Impaired loans with no related valuation allowance:
Commercial	33,733		39,382		—
Commercial real estate	57,628		79,696		—
Real estate construction	663		836		—
Land development	1,877		3,428		—
Residential mortgage	7,382		7,382		—
Consumer installment	444		444		—
Home equity	2,325		2,325		—
Subtotal	104,052		133,493		—
Total impaired loans:
Commercial	37,166		42,909		1,119
Commercial real estate	59,408		81,657		496
Real estate construction	663		836		—
Land development	1,877		3,428		—
Residential mortgage	27,269		27,269		297
Consumer installment	444		444		—
Home equity	2,325		2,325		—
Total	$	129,152	$	158,868	$	1,912
December 31, 2014
Impaired loans with a valuation allowance:
Commercial	$	966	$	1,040	$	293
Commercial real estate	2,587		2,927		710
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	19,681		19,681		335
Subtotal	23,234		23,648		1,338
Impaired loans with no related valuation allowance:
Commercial	38,094		44,557		—
Commercial real estate	60,616		82,693		—
Real estate construction	162		255		—
Land development	1,928		3,484		—
Residential mortgage	7,994		7,994		—
Consumer installment	518		518		—
Home equity	2,121		2,121		—
Subtotal	111,433		141,622		—
Total impaired loans:
Commercial	39,060		45,597		293
Commercial real estate	63,203		85,620		710
Real estate construction	162		255		—
Land development	1,928		3,484		—
Residential mortgage	27,675		27,675		335
Consumer installment	518		518		—
Home equity	2,121		2,121		—
Total	$	134,667	$	165,270	$	1,338

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
March 31, 2014
Impaired loans with a valuation allowance:
Commercial	$	3,534	$	3,704	$	1,250
Commercial real estate	3,720		3,878		371
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	19,944		19,944		444
Subtotal	27,198		27,526		2,065
Impaired loans with no related valuation allowance:
Commercial	38,150		42,914		—
Commercial real estate	49,074		62,207		—
Real estate construction	160		366		—
Land development	4,472		7,773		—
Residential mortgage	6,589		6,589		—
Consumer installment	806		806		—
Home equity	2,046		2,046		—
Subtotal	101,297		122,701		—
Total impaired loans:
Commercial	41,684		46,618		1,250
Commercial real estate	52,794		66,085		371
Real estate construction	160		366		—
Land development	4,472		7,773		—
Residential mortgage	26,533		26,533		444
Consumer installment	806		806		—
Home equity	2,046		2,046		—
Total	$	128,495	$	150,227	$	2,065

Schedule presents information related to impaired loans

The following schedule presents information related to impaired loans for the three months ended March 31, 2015 and 2014:

	Three Months Ended March 31, 2015
	Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	38,576	$	289
Commercial real estate	60,240		525
Real estate construction	640		—
Land development	1,875		27
Residential mortgage	27,352		331
Consumer installment	499		—
Home equity	2,352		8
Total	$	131,534	$	1,180

	Three Months Ended March 31, 2014
	Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	41,607	$	333
Commercial real estate	53,320		361
Real estate construction	167		—
Land development	4,643		37
Residential mortgage	26,781		303
Consumer installment	773		—
Home equity	2,168		—
Total	$	129,459	$	1,034

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 March 31, 2015, December 31, 2014 and March 31, 2014:

	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)
March 31, 2015
Originated Portfolio:
Commercial	$	10,121	$	729	$	52	$	18,904	$	29,806	$	1,235,101	$	1,264,907
Commercial real estate	7,238		2,267		148		24,766		34,419		1,237,929		1,272,348
Real estate construction	340		—		—		663		1,003		94,920		95,923
Land development	—		—		—		290		290		3,972		4,262
Residential mortgage	1,246		88		172		6,514		8,020		999,552		1,007,572
Consumer installment	2,143		344		—		433		2,920		832,439		835,359
Home equity	1,728		197		429		1,870		4,224		564,067		568,291
Total	$	22,816	$	3,625	$	801	$	53,440	$	80,682	$	4,967,980	$	5,048,662
Acquired Portfolio:
Commercial	$	59	$	5	$	2,089	$	—	$	2,153	$	89,109	$	91,262
Commercial real estate	1,784		138		6,271		—		8,193		336,382		344,575
Real estate construction	—		—		—		—		—		—		—
Land development	—		—		1,537		—		1,537		7,117		8,654
Residential mortgage	104		—		868		—		972		108,901		109,873
Consumer installment	3		1		11		—		15		8,692		8,707
Home equity	349		234		455		—		1,038		90,103		91,141
Total	$	2,299	$	378	$	11,231	$	—	$	13,908	$	640,304	$	654,212

	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
March 31, 2014
Originated Portfolio:
Commercial	$	6,003	$	1,832	$	43	$	18,251	$	26,129	$	1,104,992	$	1,131,121
Commercial real estate	4,094		1,098		730		27,568		33,490		1,095,228		1,128,718
Real estate construction	18		—		—		160		178		72,227		72,405
Land development	—		—		—		2,267		2,267		5,499		7,766
Residential mortgage	1,259		1,138		—		6,589		8,986		941,815		950,801
Consumer installment	1,950		313		—		806		3,069		670,721		673,790
Home equity	1,500		256		622		2,046		4,424		495,440		499,864
Total	$	14,824	$	4,637	$	1,395	$	57,687	$	78,543	$	4,385,922	$	4,464,465
Acquired Portfolio:
Commercial	$	—	$	—	$	6,496	$	—	$	6,496	$	71,024	$	77,520
Commercial real estate	—		—		2,549		—		2,549		147,900		150,449
Real estate construction	—		—		—		—		—		12,679		12,679
Land development	—		—		2,089		—		2,089		3,906		5,995
Residential mortgage	—		—		58		—		58		11,150		11,208
Consumer installment	49		—		—		—		49		1,573		1,622
Home equity	49		—		331		—		380		28,971		29,351
Total	$	98	$	—	$	11,523	$	—	$	11,621	$	277,203	$	288,824

Schedule of Corporation's TDRs

The following schedule presents the Corporation’s loans reported as TDRs at March 31, 2015, December 31, 2014 and March 31, 2014:

	Performing TDRs		Non-Performing TDRs		Nonaccrual TDRs		Total
	(In thousands)
March 31, 2015
Commercial loan portfolio	$	28,784	$	15,810	$	32,917	$	77,511
Consumer loan portfolio	17,197		2,690		4,426		24,313
Total	$	45,981	$	18,500	$	37,343	$	101,824
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
March 31, 2014
Commercial loan portfolio	$	28,123	$	11,218	$	40,511	$	79,852
Consumer loan portfolio	13,700		6,244		3,875		23,819
Total	$	41,823	$	17,462	$	44,386	$	103,671

Schedule providing information on TDRs

The following schedule provides information on the Corporation's TDRs that were modified during the three months ended March 31, 2015 and 2014:

	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Three Months Ended March 31, 2015
Commercial loan portfolio:
Commercial	5	$	1,932	$	1,932
Commercial real estate	5	2,534		2,534
Land development	—	—		—
Subtotal – commercial loan portfolio	10	4,466		4,466
Consumer loan portfolio	10	336		336
Total	20	$	4,802	$	4,802

Three Months Ended March 31, 2014
Commercial loan portfolio:
Commercial	12	$	8,356	$	8,356
Commercial real estate	9	2,790		2,790
Real estate construction	—	—		—
Land development	1	72		72
Subtotal – commercial loan portfolio	22	11,218		11,218
Consumer loan portfolio	30	987		978
Total	52	$	12,205	$	12,196

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes TDRs for which there was a payment default during the three months ended March 31, 2015 and 2014, 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:

	Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Three Months Ended March 31, 2015
Commercial loan portfolio:
Commercial	—	$	—
Commercial real estate	3	759
Subtotal – commercial loan portfolio	3	759
Consumer loan portfolio	1	33
Total	4	$	792
Three Months Ended March 31, 2014
Commercial loan portfolio:
Commercial	1	$	104
Commercial real estate	2	1,670
Real estate construction	—	—
Land development	—	—
Subtotal – commercial loan portfolio	3	1,774
Consumer loan portfolio	—	—
Total	3	$	1,774

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 months ended March 31, 2015 and details regarding the balance in the allowance and the recorded investment in loans at March 31, 2015 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 March 31, 2015:
Beginning balance	$	44,156		$	28,803		$	2,724	$	75,683
Provision for loan losses	3,593			(3,227		)	1,134		1,500
Charge-offs	(1,504		)	(1,639		)	—		(3,143		)
Recoveries	574			642			—		1,216
Ending balance	$	46,819		$	24,579		$	3,858	$	75,256
Allowance for loan losses balance at March 31, 2015 attributable to:
Loans individually evaluated for impairment	$	1,615		$	297		$	—	$	1,912
Loans collectively evaluated for impairment	45,204			24,282			3,858		73,344
Loans acquired with deteriorated credit quality	—			—			—		—
Total	$	46,819		$	24,579		$	3,858	$	75,256
Recorded investment (loan balance) at March 31, 2015:
Loans individually evaluated for impairment	$	89,217		$	19,887		$	—	$	109,104
Loans collectively evaluated for impairment	2,548,223			2,391,335			—		4,939,558
Loans acquired with deteriorated credit quality	444,491			209,721			—		654,212
Total	$	3,081,931		$	2,620,943		$	—	$	5,702,874

The following schedule presents, by loan portfolio segment, 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)
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 schedule presents, by loan portfolio segment, the changes in the allowance for the three months ended March 31, 2014 and details regarding the balance in the allowance and the recorded investment in loans at March 31, 2014 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 March 31, 2014:
Beginning balance	$	44,482		$	30,145		$	4,445		$	79,072
Provision for loan losses	960			855			(215		)	1,600
Charge-offs	(1,209		)	(2,263		)	—			(3,472		)
Recoveries	777			496			—			1,273
Ending balance	$	45,010		$	29,233		$	4,230		$	78,473
Allowance for loan losses balance at March 31, 2014 attributable to:
Loans individually evaluated for impairment	$	1,621		$	444		$	—		$	2,065
Loans collectively evaluated for impairment	43,389			28,289			4,230			75,908
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	45,010		$	29,233		$	4,230		$	78,473
Recorded investment (loan balance) at March 31, 2014:
Loans individually evaluated for impairment	$	87,587		$	19,944		$	—		$	107,531
Loans collectively evaluated for impairment	2,252,423			2,104,511			—			4,356,934
Loans acquired with deteriorated credit quality	246,643			42,181			—			288,824
Total	$	2,586,653		$	2,166,636		$	—		$	4,753,289