Loans

Loans outstanding as of September 30, 2014, December 31, 2013, and September 30, 2013, net of unearned income, consisted of the following:



(In thousands)		September 30, 2014			December 31, 2013			September 30, 2013
Originated loans:
Commercial		$	7,626,166		$	6,648,279		$	6,420,369
Residential mortgage		605,998			529,253			487,283
Installment		2,277,533			1,727,925			1,647,095
Home equity		1,062,013			920,066			889,372
Credit cards		160,113			148,313			145,113
Leases		339,936			239,551			199,907
	Total originated loans	12,071,759			10,213,387			9,789,139
Allowance for originated loan losses		(90,883		)	(96,484		)	(98,291		)
	Net originated loans	$	11,980,876		$	10,116,903		$	9,690,848
Acquired loans:
Commercial		$	1,272,244		$	1,725,970		$	1,963,746
Residential mortgage		410,065			470,652			466,594
Installment		809,820			1,004,569			1,080,298
Home equity		252,975			294,424			306,783
	Total acquired loans	2,745,104			3,495,615			3,817,421
Allowance for acquired loan losses		(6,206		)	(741		)	—
	Net acquired loans	$	2,738,898		$	3,494,874		$	3,817,421
Covered loans:
Commercial		$	262,319		$	375,860		$	422,225
Residential mortgage		43,672			50,679			52,796
Installment		5,148			6,162			6,361
Home equity		83,278			97,442			102,908
Loss share receivable		30,746			61,827			69,986
	Total covered loans	425,163			591,970			654,276
Allowance for covered loan losses		(42,988		)	(44,027		)	(45,544		)
	Net covered loans	$	382,175		$	547,943		$	608,732
Total loans:
Commercial		$	9,160,729		$	8,750,109		$	8,806,340
Residential mortgage		1,059,735			1,050,584			1,006,673
Installment		3,092,501			2,738,656			2,733,754
Home equity		1,398,266			1,311,932			1,299,063
Credit cards		160,113			148,313			145,113
Leases		339,936			239,551			199,907
Loss share receivable		30,746			61,827			69,986
	Total loans	15,242,026			14,300,972			14,260,836
Total allowance for loan losses		(140,077		)	(141,252		)	(143,835		)
	Total Net loans	$	15,101,949		$	14,159,720		$	14,117,001

The following describes the distinction between originated, acquired and covered loan portfolios and certain significant accounting policies relevant to each of these portfolios.

Originated Loans

Loans originated for investment are stated at their principal amount outstanding adjusted for partial charge-offs, and net deferred loan fees and costs. Interest income on loans is accrued over the term of the loans primarily using the "simple-interest" method based on the principal balance outstanding. Interest is not accrued on loans where collectability is uncertain. Accrued interest is presented separately in the consolidated balance sheet, except for accrued interest on credit card loans, which is included in the outstanding loan balance. Loan origination fees and certain direct costs incurred to extend credit are deferred and amortized over the term of the loan or loan commitment period as an adjustment to the related loan yield. Net deferred loan origination fees and costs amounted to $6.4 million, $6.6 million and $7.5 million at September 30, 2014, December 31, 2013, and September 30, 2013, respectively.

Acquired Loans

Acquired loans are those purchased in the Citizens acquisition. These loans were recorded at estimated fair value at the Acquisition Date with no carryover of the related ALL. The acquired loans were segregated between those considered to be performing (“non-impaired acquired loans”) and those with evidence of credit deterioration (“acquired impaired loans”). Acquired loans are considered impaired if there is evidence of credit deterioration and if it is probable, at acquisition, all contractually required payments will not be collected. Revolving loans, including lines of credit, are excluded from acquired impaired loan accounting.

Total outstanding acquired impaired loans as of September 30, 2014 and 2013 were $659.7 million and $902.9 million, respectively. The outstanding balance of these loans is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties, and other under the loans, owed at the reporting date, whether or not currently due and whether or not any such amounts have been charged off. Changes in the carrying amount and accretable yield for acquired impaired loans were as follows for the three and nine months ended September 30, 2014 and 2013:



	Three Months Ended September 30,												Nine Months Ended September 30,
Acquired Impaired Loans	2014						2013						2014						2013
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	137,442		$	519,250		$	120,067		$	752,682		$	136,646		$	601,000		$	—		$	—
Additions due to Citizens acquisition on April 12, 2013	—			—			—			—			—			—			131,558			819,715
Accretion	(12,950		)	12,950			(8,914		)	8,914			(37,437		)	37,437			(18,004		)	18,004
Net reclassifications from nonaccretable to accretable	6,646			—			—			—			36,659			—			—			—
Payments received, net	—			(53,150		)	—			(90,729		)	—			(159,387		)	—			(166,852		)
Disposals	(4,714		)	—			(4,546		)	—			(9,444		)	—			(6,947		)	—
Balance at end of period	$	126,424		$	479,050		$	106,607		$	670,867		$	126,424		$	479,050		$	106,607		$	670,867

Covered Loans and Related Loss Share Receivable

The loans purchased in the 2010 FDIC-assisted acquisitions of George Washington and Midwest are covered by loss sharing agreements between the FDIC and the Corporation that afford the Bank significant loss protection. These covered loans were recorded at estimated fair value at the date of acquisition with no carryover of the related ALL and are accounted for as acquired impaired loans. A loss share receivable was recorded at the date of acquisition which represents the estimated fair value of reimbursement the Corporation expects to receive from the FDIC for incurred losses on certain covered loans. These expected reimbursements are recorded as part of covered loans.

Changes in the loss share receivable associated with covered loans for the three and nine months ended September 30, 2014 and 2013 were as follows:



Loss Share Receivable	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Balance at beginning of period	$	43,981		$	83,910		$	61,827		$	113,734
Amortization	(6,932		)	(5,226		)	(16,980		)	(19,327		)
Increase/(decrease) due to impairment (recapture) on covered loans	2,908			1,032			3,835			8,890
FDIC reimbursement	(7,006		)	(7,284		)	(13,330		)	(23,231		)
Covered loans paid in full	(2,205		)	(2,446		)	(4,606		)	(10,080		)
Balance at end of the period	$	30,746		$	69,986		$	30,746		$	69,986

Total outstanding covered impaired loans were $520.3 million and $811.3 million as of September 30, 2014 and 2013, respectively. The outstanding balance of these loans is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties, and other under the loans, owed at the reporting date, whether or not currently due and whether or not any such amounts have been charged off. Changes in the carrying amount and accretable yield for covered impaired loans were as follows for the three and nine months ended September 30, 2014 and 2013:



	Three Months Ended September 30,												Nine Months Ended September 30,
Covered Impaired Loans	2014						2013						2014						2013
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	53,655		$	316,481		$	81,758		$	537,257		$	67,282		$	403,692		$	113,288		$	762,386
Accretion	(9,683		)	9,683			(14,056		)	14,056			(34,438		)	34,438			(51,327		)	51,327
Net reclassifications from non-accretable to accretable	8,684			—			12,745			—			20,290			—			28,726			—
Payments received, net	—			(41,598		)	—			(103,514		)	—			(153,564		)	—			(365,914		)
Disposals	(711		)	—			(1,309		)	—			(1,189		)	—			(11,549		)	—
Balance at end of period	$	51,945		$	284,566		$	79,138		$	447,799		$	51,945		$	284,566		$	79,138		$	447,799

Credit Quality Disclosures

The credit quality of the Corporation's loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Corporation. These credit quality ratings are an important part of the Corporation's overall credit risk management process and evaluation of the allowance for credit losses.

Generally, loans, except for certain commercial, credit card and mortgage loans, and leases on which payments are past due for 90 days are placed on nonaccrual status, unless those loans are in the process of collection and, in Management's opinion, are fully secured. Credit card loans on which payments are past due for 120 days are placed on nonaccrual status. Acquired and covered impaired loans are considered to be accruing and performing even though collection of contractual payments may be in doubt because income continues to be accreted on the loan pool as long as expected cash flows are reasonably estimable.

When a loan is placed on nonaccrual status, interest deemed uncollectible which had been accrued in prior years is charged against the ALL and interest deemed uncollectible accrued in the current year is reversed against interest income. Interest on mortgage loans is accrued until Management deems it uncollectible based upon the specific identification method. Payments subsequently received on nonaccrual loans are generally applied to principal. A loan is returned to accrual status when principal and interest are no longer past due and collectability is probable. This generally requires timely principal and interest payments for a minimum of six consecutive payment cycles. Loans are generally written off when deemed uncollectible or when they reach a predetermined number of days past due depending upon loan product, terms and other factors.

The following tables provide a summary of loans by portfolio type, including the delinquency status of those loans that continue to accrue interest and those loans that are nonaccrual:



As of September 30, 2014
(In thousands)													≥ 90 Days
Originated Loans	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^(a)		Loans
Commercial
C&I	$	1,833	$	321	$	3,302	$	5,456	$	5,033,864	$	5,039,320	$	120	$	12,124
CRE	4,111		1,251		5,918		11,280		2,108,454		2,119,734		523		10,223
Construction	255		—		—		255		466,857		467,112		—		—
Leases	—		—		—		—		339,936		339,936		—		—
Consumer
Installment	12,040		3,553		4,353		19,946		2,257,587		2,277,533		3,630		3,205
Home Equity Lines	1,975		538		705		3,218		1,058,795		1,062,013		390		1,426
Credit Cards	746		434		688		1,868		158,245		160,113		423		412
Residential Mortgages	11,533		2,836		7,703		22,072		583,926		605,998		3,452		11,931
Total	$	32,493	$	8,933	$	22,669	$	64,095	$	12,007,664	$	12,071,759	$	8,538	$	39,321
Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing^(c)		Loans ^(c)
Commercial
C&I	$	626	$	5,478	$	5,303	$	11,407	$	540,082	$	551,489	$	—	$	876
CRE	4,568		2,269		20,776		27,613		682,882		710,495		370		2,072
Construction	3,179		—		687		3,866		6,394		10,260		—		—
Consumer
Installment	6,764		2,164		1,045		9,973		799,847		809,820		542		1,059
Home Equity Lines	2,540		1,234		2,872		6,646		246,329		252,975		1,279		680
Residential Mortgages	262		2,724		5,710		8,696		401,369		410,065		520		1,305
Total	$	17,939	$	13,869	$	36,393	$	68,201	$	2,676,903	$	2,745,104	$	2,711	$	5,992
Covered Loans ^(b)													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^(c)		Loans ^(c)
Commercial
C&I	$	288	$	—	$	6,535	$	6,823	$	49,253	$	56,076	n/a		n/a
CRE	1,656		1,524		66,219		69,399		123,347		192,746		n/a		n/a
Construction	—		—		11,981		11,981		1,516		13,497		n/a		n/a
Consumer
Installment	67		—		—		67		5,081		5,148		n/a		n/a
Home Equity Lines	2,327		315		4,065		6,707		76,571		83,278		n/a		n/a
Residential Mortgages	6,216		402		3,734		10,352		33,320		43,672		n/a		n/a
Total	$	10,554	$	2,241	$	92,534	$	105,329	$	289,088	$	394,417	n/a		n/a

^(a)Installment loans 90 days or more past due and accruing include $2.5 million of loans guaranteed by the U.S. government as of September 30, 2014.

^(b)Excludes loss share receivable of $30.7 million as of September 30, 2014.

^(c) Acquired and covered impaired loans were not classified as nonperforming assets at September 30, 2014 as the loans are considered to be performing under ASC 310-30. As a result, interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired and covered impaired loans. These asset quality disclosures are, therefore, not applicable to acquired and covered impaired loans.



As of December 31, 2013
(In thousands)													≥ 90 Days
Originated Loans	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^(a)		Loans
Commercial
C&I	$	8,941	$	994	$	10,622	$	20,557	$	4,119,010	$	4,139,567	$	151	$	11,323
CRE	4,507		2,400		9,688		16,595		2,153,192		2,169,787		460		14,229
Construction	351		21		66		438		338,487		338,925		—		122
Leases	902		—		—		902		238,649		239,551		—		—
Consumer
Installment	15,433		4,050		4,462		23,945		1,703,980		1,727,925		3,735		3,681
Home Equity Lines	1,864		918		965		3,747		916,319		920,066		418		1,819
Credit Cards	729		471		735		1,935		146,378		148,313		404		558
Residential Mortgages	19,858		2,072		9,350		31,280		497,973		529,253		6,008		10,471
Total	$	52,585	$	10,926	$	35,888	$	99,399	$	10,113,988	$	10,213,387	$	11,176	$	42,203

Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^{( c )}		Loans ^{( c )}
Commercial
C&I	$	1,295	$	862	$	3,744	$	5,901	$	788,178	$	794,079	$	40	$	795
CRE	5,603		5,281		26,366		37,250		881,395		918,645		403		651
Construction	2,675		—		—		2,675		10,571		13,246		—		—
Consumer
Installment	14,528		4,076		3,354		21,958		982,611		1,004,569		2,263		679
Home Equity Lines	4,774		1,933		3,606		10,313		284,111		294,424		1,039		1,300
Residential Mortgages	3,918		1,426		8,063		13,407		457,245		470,652		403		582
Total	$	32,793	$	13,578	$	45,133	$	91,504	$	3,404,111	$	3,495,615	$	4,148	$	4,007
Covered Loans ^(b)													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing^(c)		Loans ^(c)
Commercial
C&I	$	836	$	1,489	$	12,957	$	15,282	$	60,955	$	76,237	n/a		n/a
CRE	2,855		3,443		103,077		109,375		164,219		273,594		n/a		n/a
Construction	2,191		1,917		20,388		24,496		1,533		26,029		n/a		n/a
Consumer
Installment	33		—		—		33		6,130		6,163		n/a		n/a
Home Equity Lines	544		1,467		1,651		3,662		93,780		97,442		n/a		n/a
Residential Mortgages	7,463		1,565		5,165		14,193		36,485		50,678		n/a		n/a
Total	$	13,922	$	9,881	$	143,238	$	167,041	$	363,102	$	530,143	n/a		n/a

(a) Installment loans 90 days or more past due and accruing include $2.1 million of loans guaranteed by the U.S. government as of December 31, 2013.

(b) Excludes loss share receivable of $61.8 million as of December 31, 2013.

(c) Acquired and covered impaired loans were not classified as nonperforming assets at December 31, 2013 as the loans are considered to be performing under ASC 310-30. As a result, interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired and covered impaired loans. These asset quality disclosures are, therefore, not applicable to acquired and covered impaired loans.



As of September 30, 2013
(In thousands)													≥ 90 Days
Originated Loans	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^(a)		Loans
Commercial
C&I	$	3,571	$	3,889	$	4,931	$	12,391	$	3,851,704	$	3,864,095	$	201	$	5,234
CRE	2,794		1,414		8,976		13,184		2,214,228		2,227,412		1,047		13,821
Construction	—		—		24		24		328,838		328,862		—		85
Leases	726		—		—		726		199,181		199,907		—		—
Consumer
Installment	9,825		3,392		5,378		18,595		1,628,500		1,647,095		4,506		3,894
Home Equity Lines	1,094		498		1,118		2,710		886,662		889,372		500		2,038
Credit Cards	781		434		700		1,915		143,198		145,113		365		422
Residential Mortgages	13,487		3,771		9,344		26,602		460,681		487,283		5,833		10,094
Total	$	32,278	$	13,398	$	30,471	$	76,147	$	9,712,992	$	9,789,139	$	12,452	$	35,588

Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing^{( c )}		Loans ^{( c )}
Commercial
C&I	$	2,107	$	331	$	2,325	$	4,763	$	972,898	$	977,661	$	—	$	2,029
CRE	3,068		2,816		25,268		31,152		936,751		967,903		—		—
Construction	—		—		—		—		18,182		18,182		—		—
Consumer
Installment	10,883		2,866		1,446		15,195		1,065,103		1,080,298		—		954
Home Equity Lines	3,779		982		3,522		8,283		298,500		306,783		—		2,184
Residential Mortgages	18,347		3,204		10,724		32,275		434,319		466,594		2,719		737
Total	$	38,184	$	10,199	$	43,285	$	91,668	$	3,725,753	$	3,817,421	$	2,719	$	5,904

Covered Loans ^(b)													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ^(c)		Loans ^(c)
Commercial
C&I	$	3,729	$	730	$	12,493	$	16,952	$	66,287	$	83,239	n/a		n/a
CRE	1,299		5,672		117,839		124,810		184,087		308,897		n/a		n/a
Construction	943		—		25,996		26,939		3,150		30,089		n/a		n/a
Consumer
Installment	57		4		—		61		6,300		6,361		n/a		n/a
Home Equity Lines	1,532		22		1,781		3,335		99,574		102,909		n/a		n/a
Residential Mortgages	8,333		661		5,966		14,960		37,835		52,795		n/a		n/a
Total	$	15,893	$	7,089	$	164,075	$	187,057	$	397,233	$	584,290	n/a		n/a

^(a) Installment loans 90 days or more past due and accruing include $2.9 million of loans guaranteed by the U.S. government as of September 30, 2013.

^(b)Excludes loss share receivable of $70.0 million as of September 30, 2013.

^(c) Acquired and covered impaired loans were not classified as nonperforming assets at September 30, 2013 as the loans are considered to be performing under ASC 310-30. As a result interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired and covered impaired loans. These asset quality disclosures are, therefore, not applicable to acquired and covered impaired loans.

Individual commercial loans are assigned credit risk grades based on an internal assessment of conditions that affect a borrower’s ability to meet its contractual obligation under the loan agreement. The assessment process includes reviewing a borrower’s current financial information, historical payment experience, credit documentation, public information, and other information specific to each borrower. Commercial loans are reviewed on an annual, quarterly or rotational basis or as Management becomes aware of information during a borrower’s ability to fulfill its obligation. For consumer loans, Management evaluates credit quality based on the aging status of the loan as well as by payment activity, which is presented in the above tables.

The credit-risk grading process for commercial loans is summarized as follows:

“Pass” Loans (Grades 1, 2, 3, 4) are not considered a greater than normal credit risk. Generally, the borrowers have the apparent ability to satisfy obligations to the bank, and the Corporation anticipates insignificant uncollectible amounts based on its individual loan review.

“Special-Mention” Loans (Grade 5) are commercial loans that have identified potential weaknesses that deserve Management’s close attention. If left uncorrected, these potential weaknesses may result in noticeable deterioration of the repayment prospects for the asset or in the institution’s credit position.

“Substandard” Loans (Grade 6) are inadequately protected by the current financial condition and paying capacity of the obligor or by any collateral pledged. Loans so classified have a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt pursuant to the contractual principal and interest terms. Such loans are characterized by the distinct possibility that the Corporation may sustain some loss if the deficiencies are not corrected.

“Doubtful” Loans (Grade 7) have all the weaknesses inherent in those classified as substandard, with the added characteristic that existing facts, conditions, and values make collection or liquidation in full highly improbable. Such loans are currently managed separately to determine the highest recovery alternatives.

“Loss” Loans (Grade 8) are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. These loans are charged off when loss is identified.

The following tables provide a summary of commercial loans by portfolio type and the Corporation's internal credit quality rating:



As of September 30, 2014
(In thousands)
	Originated Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	42,653	$	695	$	—	$	8,929	$	52,277
Grade 2	214,307		3,523		—		12,525		230,355
Grade 3	1,164,149		285,652		36,953		58,157		1,544,911
Grade 4	3,458,074		1,761,138		420,721		258,880		5,898,813
Grade 5	119,252		29,410		9,359		1,233		159,254
Grade 6	40,885		39,316		79		212		80,492
Grade 7	—		—		—		—		—
Total	$	5,039,320	$	2,119,734	$	467,112	$	339,936	$	7,966,102

	Acquired Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	—		—		—		—		—
Grade 3	14,464		26,216		—		—		40,680
Grade 4	492,667		592,969		10,260		—		1,095,896
Grade 5	19,672		44,570		—		—		64,242
Grade 6	24,686		46,740		—		—		71,426
Grade 7	—		—		—		—		—
Total	$	551,489	$	710,495	$	10,260	$	—	$	1,272,244

	Covered Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	1,373		—		—		—		1,373
Grade 3	—		—		—		—		—
Grade 4	40,902		101,360		686		—		142,948
Grade 5	1,245		3,908		—		—		5,153
Grade 6	12,556		87,478		12,659		—		112,693
Grade 7	—		—		152		—		152
Total	$	56,076	$	192,746	$	13,497	$	—	$	262,319



As of December 31, 2013
(In thousands)
	Originated Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	34,909	$	241	$	—	$	9,271	$	44,421
Grade 2	108,709		3,730		—		2,900		115,339
Grade 3	802,624		315,150		25,632		54,446		1,197,852
Grade 4	3,083,458		1,759,383		306,795		167,022		5,316,658
Grade 5	71,857		34,969		267		5,750		112,843
Grade 6	38,010		56,314		6,231		162		100,717
Grade 7	—		—		—		—		—
Total	$	4,139,567	$	2,169,787	$	338,925	$	239,551	$	6,887,830

	Acquired Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	1,741		703		—		—		2,444
Grade 3	79,634		29,224		—		—		108,858
Grade 4	643,495		722,307		13,246		—		1,379,048
Grade 5	46,807		93,499		—		—		140,306
Grade 6	22,402		72,912		—		—		95,314
Grade 7	—		—		—		—		—
Total	$	794,079	$	918,645	$	13,246	$	—	$	1,725,970

	Covered Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	968		—		—		—		968
Grade 3	—		—		—		—		—
Grade 4	41,115		113,863		601		—		155,579
Grade 5	427		6,219		—		—		6,646
Grade 6	31,621		153,318		23,208		—		208,147
Grade 7	2,106		194		2,220		—		4,520
Total	$	76,237	$	273,594	$	26,029	$	—	$	375,860



As of September 30, 2013
(In thousands)
	Originated Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	32,144	$	1,216	$	—	$	9,932	$	43,292
Grade 2	82,906		3,711		—		3,173		89,790
Grade 3	867,186		368,918		27,041		29,631		1,292,776
Grade 4	2,796,101		1,770,768		300,154		152,778		5,019,801
Grade 5	48,912		30,502		323		3,325		83,062
Grade 6	36,846		52,297		1,344		1,068		91,555
Grade 7	—		—		—		—		—
Total	$	3,864,095	$	2,227,412	$	328,862	$	199,907	$	6,620,276
Acquired Loans
	Acquired Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	96		—		—		—		96
Grade 3	27,827		29,123		—		—		56,950
Grade 4	849,858		744,362		18,182		—		1,612,402
Grade 5	55,558		102,256		—		—		157,814
Grade 6	44,322		92,162		—		—		136,484
Grade 7	—		—		—		—		—
Total	$	977,661	$	967,903	$	18,182	$	—	$	1,963,746

	Covered Commercial Loans
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	996		—		—		—		996
Grade 3	—		—		—		—		—
Grade 4	45,557		116,056		601		—		162,214
Grade 5	624		15,364		943		—		16,931
Grade 6	33,957		176,286		26,401		—		236,644
Grade 7	2,105		1,191		2,144		—		5,440
Total	$	83,239	$	308,897	$	30,089	$	—	$	422,225