Loans

Loans outstanding as of March 31, 2015, December 31, 2014, and March 31, 2014, net of unearned income, consisted of the following:



(In thousands)		March 31, 2015			December 31, 2014			March 31, 2014
Originated loans:
Commercial		$	8,031,892		$	7,830,085		$	7,083,192
Residential mortgage		639,980			625,283			555,971
Installment		2,500,288			2,393,451			1,835,522
Home equity		1,134,238			1,110,336			946,802
Credit cards		160,766			164,478			147,917
Leases		388,873			370,179			257,509
	Total originated loans	12,856,037			12,493,812			10,826,913
Allowance for originated loan losses		(97,545		)	(95,696		)	(92,116		)
	Net originated loans	$	12,758,492		$	12,398,116		$	10,734,797
Acquired loans:
Commercial		$	1,011,170		$	1,086,899		$	1,562,878
Residential mortgage		378,192			394,484			446,374
Installment		717,693			764,168			943,354
Home equity		217,824			233,629			283,309
	Total acquired loans	2,324,879			2,479,180			3,235,915
Allowance for acquired loan losses		(7,493		)	(7,457		)	(2,974		)
	Net acquired loans	$	2,317,386		$	2,471,723		$	3,232,941
FDIC acquired loans:
Commercial		$	179,547		$	211,607		$	341,267
Residential mortgage		40,470			41,276			49,411
Installment		4,781			4,874			5,531
Home equity		65,170			73,365			94,828
Loss share receivable		20,005			22,033			54,748
	Total FDIC acquired loans	309,973			353,155			545,785
Allowance for FDIC acquired loan losses		(41,514		)	(40,496		)	(49,970		)
	Net FDIC acquired loans	$	268,459		$	312,659		$	495,815
Total loans:
Commercial		$	9,222,609		$	9,128,591		$	8,987,337
Residential mortgage		1,058,642			1,061,043			1,051,756
Installment		3,222,762			3,162,493			2,784,407
Home equity		1,417,232			1,417,330			1,324,939
Credit cards		160,766			164,478			147,917
Leases		388,873			370,179			257,509
Loss share receivable		20,005			22,033			54,748
	Total loans	15,490,889			15,326,147			14,608,613
Total allowance for loan losses		(146,552		)	(143,649		)	(145,060		)
	Total Net loans	$	15,344,337		$	15,182,498		$	14,463,553

The following describes the distinction between originated, acquired and FDIC acquired 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 $4.6 million, $5.4 million, and $7.1 million at March 31, 2015, December 31, 2014, and March 31, 2014, 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 as of the Acquisition Date between those considered to be performing (acquired nonimpaired 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 March 31, 2015 and 2014 were $548.2 million and $774.5 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 months ended March 31, 2015 and 2014:



	Three Months Ended March 31,
Acquired Impaired Loans	2015						2014
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	119,450		$	423,209		$	136,646		$	601,000
Accretion	(11,218		)	11,218			(11,741		)	11,741
Net reclassifications from nonaccretable to accretable	12,995			—			19,514			—
Payments received, net	—			(46,114		)	—			(55,542		)
Disposals	(2,471		)	—			(2,135		)	—
Balance at end of period	$	118,756		$	388,313		$	142,284		$	557,199

Cash flows expected to be collected on acquired impaired loans are estimated quarterly by incorporating several key assumptions similar to the initial estimate of fair value. These key assumptions include probability of default, and the amount of actual prepayments after the acquisition date. Prepayments affect the estimated life of the loans and could change the amount of interest income, and possibly principal expected to be collected. In reforecasting future estimated cash flows, credit loss expectations are adjusted as necessary.

Improved cash flow expectations for loans or pools that were impaired in prior periods are recorded first as a reversal of previously recorded impairment and then as an increase in prospective yield when all previously recorded impairment has been recaptured. Decreases in expected cash flows are recognized as an impairment through a provision for loan loss and an increase to the allowance for acquired impaired loans.

During the quarter ended March 31, 2015, there was an overall improvement in cash flow expectations, which resulted in the reclassification of $13.0 million from the nonaccretable difference to accretable yield. This reclassification results in prospective yield adjustments on these loan pools.

FDIC Acquired Loans and Related Loss Share Receivable

FDIC acquired loans include loans purchased in the 2010 FDIC-assisted acquisitions of George Washington and Midwest. George Washington non-single family loss share agreements with the FDIC expired at March 31, 2015 resulting in $5.0 million of loans no longer being covered. As of March 31, 2015, $174.6 million of FDIC acquired loans remained covered by the Midwest non-single family loss share agreement. The Midwest non-single family loss share agreement will expire as of June 30, 2015. As of March 31, 2015, $110.4 million of loans remained covered by single family loss share agreements.

Changes in the loss share receivable for the three months ended March 31, 2015 and 2014 were as follows:



Loss Share Receivable	Three Months Ended March 31,
(In thousands)	2015			2014
Balance at beginning of period	$	22,033		$	61,827
Amortization	(2,187		)	(5,863		)
Increase/(decrease) due to impairment (recapture) on FDIC acquired loans	4,227			4,824
FDIC reimbursement	(4,013		)	(5,087		)
FDIC acquired loans paid in full	(55		)	(953		)
Balance at end of the period ⁽¹⁾	$	20,005		$	54,748

(1) As of March 31, 2015, $6.3 million of the loss share receivable related to non-single family covered loans and $13.8 million related to single family covered loans.

Total outstanding FDIC acquired impaired loans were $404.4 million and $702.4 million as of March 31, 2015 and 2014, 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 FDIC acquired impaired loans were as follows for the three months ended March 31, 2015 and 2014:



	Three Months Ended March 31,
FDIC Acquired Impaired Loans	2015						2014
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	37,511		$	232,452		$	67,282		$	403,692
Accretion	(5,567		)	5,567			(12,616		)	12,616
Net reclassifications between non-accretable and accretable	(56		)	—			6,057			—
Payments received, net	—			(38,794		)	—			(51,820		)
(Disposals)/Additions	(2,021		)	—			2,280			—
Balance at end of period	$	29,867		$	199,225		$	63,003		$	364,488

The cash flows expected to be collected on covered impaired loans are estimated quarterly in a similar manner as described above for acquired impaired loans. During the quarter ended March 31, 2015, the re-estimation process resulted in a net reclassification of $56.0 thousand from accretable yield to nonaccretable difference. This reclassification results in prospective yield adjustments on the loan pools.

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 FDIC acquired 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 March 31, 2015
(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 ⁽¹⁾		Loans
Commercial
C&I	$	525	$	515	$	5,846	$	6,886	$	5,311,011	$	5,317,897	$	498	$	18,838
CRE	4,401		1,177		3,481		9,059		2,123,958		2,133,017		150		9,640
Construction	—		—		—		—		580,978		580,978		—		—
Leases	255		—		—		255		388,618		388,873		—		—
Consumer
Installment	11,294		3,215		4,157		18,666		2,481,622		2,500,288		3,332		3,016
Home Equity Lines	1,480		323		1,395		3,198		1,131,040		1,134,238		622		1,780
Credit Cards	654		301		637		1,592		159,174		160,766		312		523
Residential Mortgages	9,236		2,515		7,402		19,153		620,827		639,980		3,000		12,288
Total	$	27,845	$	8,046	$	22,918	$	58,809	$	12,797,228	$	12,856,037	$	7,914	$	46,085
Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	66	$	131	$	5,366	$	5,563	$	415,247	$	420,810	$	44	$	700
CRE	4,507		1,380		23,420		29,307		554,765		584,072		252		4,172
Construction	—		—		676		676		5,612		6,288		—		—
Consumer
Installment	4,859		1,322		1,121		7,302		710,391		717,693		521		746
Home Equity Lines	2,850		1,544		1,172		5,566		212,258		217,824		462		639
Residential Mortgages	9,894		590		5,250		15,734		362,458		378,192		425		997
Total	$	22,176	$	4,967	$	37,005	$	64,148	$	2,260,731	$	2,324,879	$	1,704	$	7,254
FDIC Acquired Loans ⁽²⁾													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	815	$	144	$	4,566	$	5,525	$	37,289	$	42,814	n/a		n/a
CRE	413		5,218		44,023		49,654		78,254		127,908		n/a		n/a
Construction	—		—		6,906		6,906		1,919		8,825		n/a		n/a
Consumer
Installment	—		110		—		110		4,671		4,781		n/a		n/a
Home Equity Lines	2,291		564		3,651		6,506		58,664		65,170		n/a		n/a
Residential Mortgages	5,714		163		3,684		9,561		30,909		40,470		n/a		n/a
Total	$	9,233	$	6,199	$	62,830	$	78,262	$	211,706	$	289,968	n/a		n/a

(1)Installment loans 90 days or more past due and accruing include $2.4 million of loans guaranteed by the U.S. government as of March 31, 2015.

(2)Excludes loss share receivable of $20.0 million as of March 31, 2015.

(3) Acquired and FDIC acquired impaired loans were not classified as nonperforming assets at March 31, 2015 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 FDIC acquired impaired loans.



As of December 31, 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 ⁽¹⁾		Loans
Commercial
C&I	$	2,212	$	1,162	$	2,670	$	6,044	$	5,169,157	$	5,175,201	$	1,547	$	6,114
CRE	2,155		1,460		8,864		12,479		2,104,639		2,117,118		1,696		11,033
Construction	—		—		—		—		537,766		537,766		—		—
Leases	—		—		—		—		370,179		370,179		—		—
Consumer
Installment	14,621		3,647		4,716		22,984		2,370,467		2,393,451		3,695		3,268
Home Equity Lines	1,357		587		1,206		3,150		1,107,186		1,110,336		569		1,654
Credit Cards	668		516		860		2,044		162,434		164,478		407		596
Residential Mortgages	12,086		2,744		8,013		22,843		602,440		625,283		4,242		11,952
Total	$	33,099	$	10,116	$	26,329	$	69,544	$	12,424,268	$	12,493,812	$	12,156	$	34,617

Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	92	$	234	$	4,791	$	5,117	$	444,137	$	449,254	$	—	$	787
CRE	3,479		3,398		23,509		30,386		600,288		630,674		44		4,171
Construction	—		—		685		685		6,286		6,971		—		—
Consumer
Installment	6,204		2,029		1,861		10,094		754,074		764,168		615		1,218
Home Equity Lines	2,819		2,123		2,333		7,275		226,354		233,629		1,519		631
Residential Mortgages	13,062		1,648		7,089		21,799		372,685		394,484		1,293		1,249
Total	$	25,656	$	9,432	$	40,268	$	75,356	$	2,403,824	$	2,479,180	$	3,471	$	8,056
FDIC Acquired Loans ⁽²⁾													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	58	$	—	$	6,041	$	6,099	$	42,738	$	48,837	n/a		n/a
CRE	234		1,517		47,233		48,984		104,524		153,508		n/a		n/a
Construction	—		—		6,064		6,064		3,198		9,262		n/a		n/a
Consumer
Installment	23		—		34		57		4,817		4,874		n/a		n/a
Home Equity Lines	1,395		870		3,859		6,124		67,241		73,365		n/a		n/a
Residential Mortgages	6,205		91		3,572		9,868		31,408		41,276		n/a		n/a
Total	$	7,915	$	2,478	$	66,803	$	77,196	$	253,926	$	331,122	n/a		n/a

(1) Installment loans 90 days or more past due and accruing include $2.4 million of loans guaranteed by the U.S. government as of December 31, 2014.

(2) Excludes loss share receivable of $22.0 million as of December 31, 2014.

(3) Acquired and covered impaired loans were not classified as nonperforming assets at December 31, 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 March 31, 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 ⁽¹⁾		Loans
Commercial
C&I	$	4,088	$	561	$	5,546	$	10,195	$	4,465,961	$	4,476,156	$	2,000	$	6,388
CRE	13,549		3,644		7,999		25,192		2,222,093		2,247,285		804		20,679
Construction	369		—		—		369		359,382		359,751		—		55
Leases	—		—		—		—		257,509		257,509		—		—
Consumer
Installment	9,162		2,659		3,762		15,583		1,819,939		1,835,522		3,286		3,222
Home Equity Lines	1,644		444		902		2,990		943,812		946,802		509		1,653
Credit Cards	783		438		573		1,794		146,123		147,917		262		488
Residential Mortgages	9,632		1,882		8,455		19,969		536,002		555,971		4,999		10,963
Total	$	39,227	$	9,628	$	27,237	$	76,092	$	10,750,821	$	10,826,913	$	11,860	$	43,448

Acquired Loans													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	776	$	720	$	4,224	$	5,720	$	705,912	$	711,632	$	170	$	241
CRE	5,356		3,639		21,995		30,990		806,886		837,876		5		1,259
Construction	—		650		—		650		12,720		13,370		—		—
Consumer
Installment	7,216		2,563		1,619		11,398		931,956		943,354		665		678
Home Equity Lines	3,606		811		3,596		8,013		275,296		283,309		1,078		1,090
Residential Mortgages	11,743		1,822		7,090		20,655		425,719		446,374		31		1,405
Total	$	28,697	$	10,205	$	38,524	$	77,426	$	3,158,489	$	3,235,915	$	1,949	$	4,673

FDIC Acquired Loans ⁽²⁾													≥ 90 Days
	Days Past Due						Total				Total		Past Due and		Nonaccrual
	30-59		60-89		≥ 90		Past Due		Current		Loans		Accruing ⁽³⁾		Loans ⁽³⁾
Commercial
C&I	$	1,744	$	—	$	11,867	$	13,611	$	51,641	$	65,252	n/a		n/a
CRE	582		449		97,596		98,627		156,966		255,593		n/a		n/a
Construction	1,008		—		16,337		17,345		3,076		20,421		n/a		n/a
Consumer
Installment	—		—		—		—		5,531		5,531		n/a		n/a
Home Equity Lines	758		538		2,093		3,389		91,439		94,828		n/a		n/a
Residential Mortgages	8,374		435		5,872		14,681		34,731		49,412		n/a		n/a
Total	$	12,466	$	1,422	$	133,765	$	147,653	$	343,384	$	491,037	n/a		n/a

(1) Installment loans 90 days or more past due and accruing include $2.3 million of loans guaranteed by the U.S. government as of March 31, 2014.

(2) Excludes loss share receivable of $54.7 million as of March 31, 2014.

(3) Acquired and covered impaired loans were not classified as nonperforming assets at March 31, 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.

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 March 31, 2015
(In thousands)
Originated Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	59,380	$	667	$	—	$	13,052	$	73,099
Grade 2	191,008		3,368		—		5,782		200,158
Grade 3	1,405,007		339,027		62,821		69,686		1,876,541
Grade 4	3,504,600		1,724,516		516,852		297,790		6,043,758
Grade 5	103,432		29,034		942		1,307		134,715
Grade 6	54,470		36,405		363		1,256		92,494
Grade 7	—		—		—		—		—
Total	$	5,317,897	$	2,133,017	$	580,978	$	388,873	$	8,420,765

Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	1,069	$	—	$	—	$	—	$	1,069
Grade 2	—		—		—		—		—
Grade 3	22,875		24,834		—		—		47,709
Grade 4	359,751		496,213		5,612		—		861,576
Grade 5	15,363		21,487		—		—		36,850
Grade 6	21,752		41,538		676		—		63,966
Grade 7	—		—		—		—		—
Total	$	420,810	$	584,072	$	6,288	$	—	$	1,011,170

FDIC Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	1,040		—		—		—		1,040
Grade 3	—		—		—		—		—
Grade 4	33,352		74,128		579		—		108,059
Grade 5	39		2,134		—		—		2,173
Grade 6	8,383		51,646		8,246		—		68,275
Grade 7	—		—		—		—		—
Total	$	42,814	$	127,908	$	8,825	$	—	$	179,547



As of December 31, 2014
(In thousands)
Originated Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	52,676	$	683	$	678	$	4,451	$	58,488
Grade 2	186,278		3,454		—		14,959		204,691
Grade 3	1,340,100		294,281		46,074		71,908		1,752,363
Grade 4	3,413,446		1,745,470		490,757		277,277		5,926,950
Grade 5	139,083		29,990		257		1,389		170,719
Grade 6	43,618		43,240		—		195		87,053
Grade 7	—		—		—		—		—
Total	$	5,175,201	$	2,117,118	$	537,766	$	370,179	$	8,200,264

Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	1,076	$	—	$	—	$	—	$	1,076
Grade 2	—		—		—		—		—
Grade 3	20,891		24,867		—		—		45,758
Grade 4	376,129		532,447		6,286		—		914,862
Grade 5	23,268		28,382		685		—		52,335
Grade 6	27,890		44,978		—		—		72,868
Grade 7	—		—		—		—		—
Total	$	449,254	$	630,674	$	6,971	$	—	$	1,086,899

FDIC Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	1,347		—		—		—		1,347
Grade 3	—		—		—		—		—
Grade 4	36,406		86,779		823		—		124,008
Grade 5	167		3,401		—		—		3,568
Grade 6	10,917		63,328		8,248		—		82,493
Grade 7	—		—		191		—		191
Total	$	48,837	$	153,508	$	9,262	$	—	$	211,607



As of March 31, 2014
(In thousands)
Originated Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	28,610	$	240	$	299	$	8,452	$	37,601
Grade 2	135,574		3,797		—		3,620		142,991
Grade 3	940,937		329,377		24,731		58,397		1,353,442
Grade 4	3,276,975		1,823,877		332,227		179,795		5,612,874
Grade 5	61,507		39,245		259		6,857		107,868
Grade 6	32,553		50,749		2,235		388		85,925
Grade 7	—		—		—		—		—
Total	$	4,476,156	$	2,247,285	$	359,751	$	257,509	$	7,340,701

Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	700	$	—	$	—	$	—	$	700
Grade 2	—		—		—		—		—
Grade 3	37,829		24,177		—		—		62,006
Grade 4	609,383		696,070		13,370		—		1,318,823
Grade 5	43,721		51,253		—		—		94,974
Grade 6	19,999		66,376		—		—		86,375
Grade 7	—		—		—		—		—
Total	$	711,632	$	837,876	$	13,370	$	—	$	1,562,878

FDIC Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	957		—		—		—		957
Grade 3	—		—		—		—		—
Grade 4	42,228		111,610		653		—		154,491
Grade 5	387		2,883		—		—		3,270
Grade 6	19,864		140,927		19,459		—		180,250
Grade 7	1,816		173		309		—		2,298
Total	$	65,252	$	255,593	$	20,421	$	—	$	341,266