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Allowance for Loan Losses (Tables)
6 Months Ended
Jun. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent
The following tables show activity in the originated ALL, by portfolio segment for the three and six months ended June 30, 2015 and 2014, as well as the corresponding recorded investment in originated loans at the end of the period:
As of June 30, 2015
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Loans
C&I
 
CRE
 
Construction
 
Leases
 
Installment
 
Home Equity Lines
 
Credit Cards
 
Residential Mortgages
 
Total
Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for originated loan losses, beginning balance
$
39,838

 
$
8,813

 
$
1,752

 
$
629

 
$
13,358

 
$
19,433

 
$
7,801

 
$
5,921

 
$
97,545

Charge-offs
(3,247
)
 
(408
)
 

 

 
(5,090
)
 
(971
)
 
(1,209
)
 
(373
)
 
(11,298
)
Recoveries
453

 
1

 
39

 
3

 
2,844

 
839

 
358

 
89

 
4,626

Provision for loan losses
5,832

 
94

 
(251
)
 
(13
)
 
3,798

 
738

 
868

 
(257
)
 
10,809

Allowance for originated loan losses, ending balance
$
42,876

 
$
8,500

 
$
1,540

 
$
619

 
$
14,910

 
$
20,039

 
$
7,818

 
$
5,380

 
$
101,682

Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for originated loan losses, beginning balance
$
37,375

 
$
10,492

 
$
2,202

 
$
674

 
$
12,918

 
$
19,324

 
$
7,966

 
$
4,745

 
$
95,696

Charge-offs
(3,757
)
 
(623
)
 

 

 
(10,145
)
 
(1,882
)
 
(2,661
)
 
(797
)
 
(19,865
)
Recoveries
794

 
1

 
40

 
7

 
5,864

 
1,452

 
724

 
124

 
9,006

Provision for loan losses
8,464

 
(1,370
)
 
(702
)
 
(62
)
 
6,273

 
1,145

 
1,789

 
1,308

 
16,845

Allowance for originated loan losses, ending balance
$
42,876

 
$
8,500

 
$
1,540

 
$
619

 
$
14,910

 
$
20,039

 
$
7,818

 
$
5,380

 
$
101,682

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance for originated loan losses balance attributable to loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
9,117

 
$
151

 
$

 
$

 
$
1,001

 
$
217

 
$
250

 
$
890

 
$
11,626

 
Collectively evaluated for impairment
33,759

 
8,349

 
1,540

 
619

 
13,909

 
19,822

 
7,568

 
4,490

 
90,056

Total ending allowance for originated loan losses balance
$
42,876

 
$
8,500

 
$
1,540

 
$
619

 
$
14,910

 
$
20,039

 
$
7,818

 
$
5,380

 
$
101,682

Originated loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated loans individually evaluated for impairment
$
45,969

 
$
12,072

 
$

 
$
1,162

 
$
31,927

 
$
7,421

 
$
787

 
$
24,697

 
$
124,035

 
Originated loans collectively evaluated for impairment
5,425,394

 
2,126,300

 
586,895

 
435,540

 
2,688,132

 
1,173,381

 
167,789

 
628,446

 
13,231,877

Total ending originated loan balance
$
5,471,363

 
$
2,138,372

 
$
586,895

 
$
436,702

 
$
2,720,059

 
$
1,180,802

 
$
168,576

 
$
653,143

 
$
13,355,912

 

As of June 30, 2014
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Loans
C&I
 
CRE
 
Construction
 
Leases
 
Installment
 
Home Equity Lines
 
Credit Cards
 
Residential Mortgages
 
Total
Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for originated loan losses, beginning balance
$
40,175

 
$
13,385

 
$
1,470

 
$
1,027

 
$
11,604

 
$
13,160

 
$
6,851

 
$
4,444

 
$
92,116

Charge-offs
(361
)
 
(2,696
)
 

 

 
(4,076
)
 
(1,870
)
 
(1,311
)
 
(834
)
 
(11,148
)
Recoveries
372

 
30

 
2

 
372

 
2,741

 
966

 
439

 
67

 
4,989

Provision for loan losses
3,070

 
(1,989
)
 
(149
)
 
(371
)
 
1,974

 
1,647

 
1,349

 
462

 
5,993

Allowance for originated loan losses, ending balance
$
43,256

 
$
8,730

 
$
1,323

 
$
1,028

 
$
12,243

 
$
13,903

 
$
7,328

 
$
4,139

 
$
91,950

Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for originated loan losses, beginning balance
$
42,981

 
$
12,265

 
$
2,810

 
$
1,081

 
$
11,935

 
$
12,900

 
$
7,740

 
$
4,772

 
$
96,484

Charge-offs
(5,435
)
 
(2,775
)
 

 

 
(8,660
)
 
(3,279
)
 
(2,766
)
 
(1,393
)
 
(24,308
)
Recoveries
1,369

 
34

 
30

 
372

 
5,490

 
1,870

 
857

 
105

 
10,127

Provision for loan losses
4,341

 
(794
)
 
(1,517
)
 
(425
)
 
3,478

 
2,412

 
1,497

 
655

 
9,647

Allowance for originated loan losses, ending balance
$
43,256

 
$
8,730

 
$
1,323

 
$
1,028

 
$
12,243

 
$
13,903

 
$
7,328

 
$
4,139

 
$
91,950

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance for originated loan losses balance attributable to loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,092

 
$
112

 
$
9

 
$

 
$
1,008

 
$
201

 
$
361

 
$
1,019

 
$
7,802

 
Collectively evaluated for impairment
38,164

 
8,618

 
1,314

 
1,028

 
11,235

 
13,702

 
6,967

 
3,120

 
84,148

Total ending allowance for originated loan losses balance
$
43,256

 
$
8,730

 
$
1,323

 
$
1,028

 
$
12,243

 
$
13,903

 
$
7,328

 
$
4,139

 
$
91,950

Originated loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated loans individually evaluated for impairment
$
10,404

 
$
25,484

 
$
53

 
$

 
$
24,394

 
$
6,956

 
$
979

 
$
26,297

 
$
94,567

 
Originated loans collectively evaluated for impairment
4,847,211

 
2,072,534

 
409,813

 
319,795

 
2,027,193

 
991,223

 
150,988

 
553,869

 
11,372,626

Total ending originated loan balance
$
4,857,615

 
$
2,098,018

 
$
409,866

 
$
319,795

 
$
2,051,587

 
$
998,179

 
$
151,967

 
$
580,166

 
$
11,467,193

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


The following table presents the originated ALL and the recorded investment as of December 31, 2014:
As of December 31, 2014
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Loans
C&I
 
CRE
 
Construction
 
Leases
 
Installment
 
Home Equity Lines
 
Credit Cards
 
Residential Mortgages
 
Total
Ending allowance for originated loan losses balance attributable to loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
72

 
$
2,914

 
$

 
$

 
$
1,178

 
$
207

 
$
296

 
$
1,283

 
$
5,950

 
Collectively evaluated for impairment
37,303

 
7,578

 
2,202

 
674

 
11,740

 
19,117

 
7,670

 
3,462

 
89,746

Total ending allowance for originated loan losses balance
$
37,375

 
$
10,492

 
$
2,202

 
$
674

 
$
12,918

 
$
19,324

 
$
7,966

 
$
4,745

 
$
95,696

Originated loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
11,759

 
$
23,300

 
$

 
$

 
$
24,905

 
$
7,379

 
$
854

 
$
25,251

 
$
93,448

 
Loans collectively evaluated for impairment
5,163,442

 
2,093,818

 
537,766

 
370,179

 
2,368,546

 
1,102,957

 
163,624

 
600,032

 
12,400,364

Total ending originated loan balance
$
5,175,201

 
$
2,117,118

 
$
537,766

 
$
370,179

 
$
2,393,451

 
$
1,110,336

 
$
164,478

 
$
625,283

 
$
12,493,812

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


allowance for acquired impaired loan losses
The following table presents activity in the allowance for acquired impaired loan losses for the three and six months ended June 30, 2015 and 2014:
Allowance for Acquired Impaired Loan Losses
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2015
 
2014
 
2015
 
2014
Balance at beginning of the period
$
7,493

 
$
2,974

 
$
7,457

 
$
741

Charge-offs

 

 

 

Recoveries

 

 

 

Provision/(recapture) for loan losses
(2,543
)
 
2,003

 
(2,507
)
 
4,236

Balance at end of the period
$
4,950

 
$
4,977

 
$
4,950

 
$
4,977

 
 
 
 
 
 
 
 

Schedule of Credit Losses for Financing Receivables, Current
The following table presents activity in the allowance for FDIC acquired impaired loan losses for the three and six months ended June 30, 2015 and 2014:
Allowance for FDIC acquired Impaired Loan Losses
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2015
 
2014
 
2015
 
2014
Balance at beginning of the period
$
41,514

 
$
49,970

 
$
40,496

 
$
44,027

 
Net provision/(recapture) of loan losses before benefit attributable to FDIC loss share agreements
928

 
(451
)
 
5,153

 
7,428

 
Net (benefit)/recapture attributable to FDIC loss share agreements
(1,819
)
 
3,897

 
(6,046
)
 
(927
)
Net (recapture)/provision for loan losses
(891
)
 
3,446

 
(893
)
 
6,501

Increase/(decrease) in loss share receivable
1,819

 
(3,897
)
 
6,046

 
927

Loans charged-off
(815
)
 
(4,410
)
 
(4,022
)
 
(6,346
)
Balance at end of the period
$
41,627

 
$
45,109

 
$
41,627

 
$
45,109

 
 
 
 
 
 
 
 
 
Impaired Financing Receivables

The following tables provide further detail on impaired loans individually evaluated for impairment and the associated ALL. Certain impaired loans do not have a related ALL as the valuation of these impaired loans exceeded the recorded investment.
As of June 30, 2015
Originated Loans
 
 
Unpaid
 
 
 
Average
 
 
Recorded
 
Principal
 
Related
 
Recorded
(In thousands)
Investment
 
Balance
 
Allowance
 
Investment
Impaired loans with no related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
$
28,076

 
$
37,358

 
$

 
$
27,238

 
CRE
11,482

 
17,585

 

 
12,983

 
Construction

 

 

 

 
Leases
1,162

 
1,162

 

 
598

Consumer
 
 
 
 
 
 
 
 
Installment
1,678

 
2,183

 

 
1,753

 
Home equity line
884

 
1,132

 

 
906

 
Credit card
19

 
19

 

 
26

 
Residential mortgages
12,047

 
14,700

 

 
12,146

Subtotal
55,348

 
74,139

 

 
55,650

Impaired loans with a related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
17,893

 
18,062

 
9,117

 
7,199

 
CRE
590

 
593

 
151

 
600

 
Construction

 

 

 

 
Leases

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
30,249

 
30,302

 
1,001

 
25,722

 
Home equity line
6,537

 
6,537

 
217

 
6,684

 
Credit card
768

 
768

 
250

 
823

 
Residential mortgages
12,650

 
12,739

 
890

 
12,675

Subtotal
68,687

 
69,001

 
11,626

 
53,703

 
Total impaired loans
$
124,035

 
$
143,140

 
$
11,626

 
$
109,353

 
 
 
 
 
 
 
 
 
Note 1: These tables exclude loans fully charged off.
Note 2: The differences between the recorded investment and unpaid principal balance amounts represent partial charge offs.



As of December 31, 2014
Originated Loans
 
 
Unpaid
 
 
 
Average
 
 
Recorded
 
Principal
 
Related
 
Recorded
(In thousands)
Investment
 
Balance
 
Allowance
 
Investment
Impaired loans with no related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
$
11,451

 
$
18,207

 
$

 
$
14,193

 
CRE
16,874

 
22,696

 

 
18,027

 
Construction

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
4,460

 
4,584

 

 
4,272

 
Home equity line
1,723

 
1,754

 

 
1,792

 
Credit card
16

 
16

 

 
32

 
Residential mortgages
12,204

 
15,119

 

 
12,425

Subtotal
46,728

 
62,376

 

 
50,741

Impaired loans with a related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
308

 
344

 
72

 
326

 
CRE
6,426

 
6,440

 
2,914

 
4,497

 
Construction

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
20,445

 
21,024

 
1,178

 
19,513

 
Home equity line
5,656

 
5,875

 
207

 
5,944

 
Credit card
838

 
838

 
296

 
966

 
Residential mortgages
13,047

 
13,158

 
1,283

 
13,121

Subtotal
46,720

 
47,679

 
5,950

 
44,367

 
Total impaired loans
$
93,448

 
$
110,055

 
$
5,950

 
$
95,108

 
 
 
 
 
 
 
 
 
Note 1: These tables exclude loans fully charged off.
Note 2: The differences between the recorded investment and unpaid principal balance amounts represent partial charge offs.

As of June 30, 2014
Originated Loans
 
 
Unpaid
 
 
 
Average
 
 
Recorded
 
Principal
 
Related
 
Recorded
(In thousands)
Investment
 
Balance
 
Allowance
 
Investment
Impaired loans with no related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
$
2,538

 
$
4,980

 
$

 
$
3,543

 
CRE
20,635

 
26,026

 

 
22,249

 
Construction
53

 
76

 

 
256

Consumer
 
 
 
 
 
 
 
 
Installment
4,510

 
4,620

 

 
4,636

 
Home equity line
1,041

 
1,047

 

 
1,067

 
Credit card
34

 
34

 

 
48

 
Residential mortgages
12,729

 
15,748

 

 
12,828

Subtotal
41,540

 
52,531

 

 
44,627

Impaired loans with a related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
7,866

 
11,562

 
5,092

 
8,071

 
CRE
4,849

 
4,851

 
112

 
829

 
Construction

 

 
9

 

Consumer
 
 
 
 
 
 
 
 
Installment
19,884

 
20,673

 
1,008

 
20,498

 
Home equity line
5,915

 
6,145

 
201

 
5,995

 
Credit card
945

 
945

 
361

 
1,019

 
Residential mortgages
13,568

 
13,678

 
1,019

 
13,612

Subtotal
53,027

 
57,854

 
7,802

 
50,024

 
Total impaired loans
$
94,567

 
$
110,385

 
$
7,802

 
$
94,651

 
 
 
 
 
 
 
 
 

Note 1: These tables exclude loans fully charged off.
Note 2: The differences between the recorded investment and unpaid principal balance amounts represent partial charge offs.
Troubled Debt Restructurings on Financing ReceivableS
The following tables provide the number of loans modified in a TDR and the recorded investment and unpaid principal balance by loan portfolio as of June 30, 2015, December 31, 2014, and June 30, 2014.
 
 
 
As of June 30, 2015
(Dollars in thousands)
Number of Loans
 
Recorded Investment
 
Unpaid Principal Balance
Originated loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
56

 
$
29,454

 
$
36,538

 
 
CRE
69

 
10,362

 
15,681

 
 
Construction
31

 

 

 
 
Total originated commercial
156

 
39,816

 
52,219

 
Consumer
 
 
 
 
 
 
 
Installment
1,215

 
31,927

 
32,485

 
 
Home equity lines
271

 
7,421

 
7,669

 
 
Credit card
231

 
787

 
787

 
 
Residential mortgages
316

 
24,697

 
27,439

 
 
Total originated consumer
2,033

 
64,832

 
68,380

    Total originated loans
2,189

 
$
104,648

 
$
120,599

Acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
2

 
$

 
$
55

 
 
CRE
3

 
930

 
1,018

 
 
Total acquired commercial
5

 
930

 
1,073

 
Consumer
 
 
 
 
 
 
 
Installment
50

 
1,144

 
1,227

 
 
Home equity lines
174

 
7,138

 
7,205

 
 
Residential mortgages
31

 
2,150

 
2,386

 
 
Total acquired consumer
255

 
10,432

 
10,818

    Total acquired loans
260

 
$
11,362

 
$
11,891

FDIC acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
8

 
$

 
$
1,299

 
 
CRE
24

 
11,704

 
27,933

 
 
Construction
9

 
525

 
9,542

 
 
Total FDIC acquired commercial
41

 
12,229

 
38,774

 
Consumer
 
 
 
 
 
 
 
Home equity lines
77

 
10,563

 
10,739

 
 
Residential mortgages
1

 
184

 
184

 
 
Total FDIC acquired consumer
78

 
10,747

 
10,923

   Total FDIC acquired loans
119

 
$
22,976

 
$
49,697

Total loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
66

 
$
29,454

 
$
37,892

 
 
CRE
96

 
22,996

 
44,632

 
 
Construction
40

 
525

 
9,542

 
 
Total commercial
202

 
52,975

 
92,066

 
Consumer
 
 
 
 
 
 
 
Installment
1,265

 
33,071

 
33,712

 
 
Home equity lines
522

 
25,122

 
25,613

 
 
Credit card
231

 
787

 
787

 
 
Residential mortgages
348

 
27,031

 
30,009

 
 
Total consumer
2,366

 
86,011

 
90,121

   Total loans
2,568

 
$
138,986

 
$
182,187

 
 
 
 
 
 
 
 
Note 1: For originated loans, the differences between the recorded investment and unpaid principal balance amounts represent partial charge offs.
Note 2: For acquired and FDIC acquired loans, the differences between the recorded investment and unpaid principal balance amounts represent partial charge offs and remaining purchase discount.

 
 
 
As of December 31, 2014
(Dollars in thousands)
Number of Loans
 
Recorded Investment
 
Unpaid Principal Balance
Originated loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
41

 
$
7,123

 
$
13,887

 
 
CRE
67

 
17,607

 
22,645

 
 
Construction
31

 

 

 
 
Total originated commercial
139

 
24,730

 
36,532

 
Consumer
 
 
 
 
 
 
 
Installment
1,205

 
24,905

 
25,608

 
 
Home equity lines
270

 
7,379

 
7,629

 
 
Credit card
238

 
854

 
854

 
 
Residential mortgages
315

 
25,251

 
28,277

 
 
Total originated consumer
2,028

 
58,389

 
62,368

   Total originated loans
2,167

 
$
83,119

 
$
98,900

Acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
2

 
18

 
19

 
 
CRE
3

 
2,542

 
2,595

 
 
Total acquired commercial
5

 
2,560

 
2,614

 
Consumer
 
 
 
 
 
 
 
Installment
40

 
975

 
1,054

 
 
Home equity lines
145

 
6,932

 
6,983

 
 
Residential mortgages
26

 
1,633

 
1,823

 
 
Total acquired consumer
211

 
9,540

 
9,860

   Total acquired loans
216

 
$
12,100

 
$
12,474

FDIC acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
8

 
$
177

 
$
1,589

 
 
CRE
24

 
25,499

 
42,226

 
 
Construction
9

 
339

 
9,552

 
 
Total FDIC acquired commercial
41

 
26,015

 
53,367

 
Consumer
 
 
 
 
 
 
 
Home equity lines
68

 
8,890

 
8,901

 
 
Residential Mortgages
2

 
334

 
334

 
 
Total FDIC acquired consumer
70

 
9,224

 
9,235

   Total FDIC acquired loans
111

 
$
35,239

 
$
62,602

Total loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
51

 
$
7,318

 
$
15,495

 
 
CRE
94

 
45,648

 
67,466

 
 
Construction
40

 
339

 
9,552

 
 
Total commercial
185

 
53,305

 
92,513

 
Consumer
 
 
 
 
 
 
 
Installment
1,245

 
25,880

 
26,662

 
 
Home equity lines
483

 
23,201

 
23,513

 
 
Credit card
238

 
854

 
854

 
 
Residential mortgages
343

 
27,218

 
30,434

 
 
Total consumer
2,309

 
77,153

 
81,463

   Total loans
2,494

 
$
130,458

 
$
173,976

 
 
 
 
 
 
 
 

Note 1: For originated loans, the differences between the recorded investment and unpaid principal balance amounts represent partial charge offs.
Note 2: For acquired and FDIC acquired loans, the differences between the recorded investment and unpaid principal balance amounts represent partial charge offs and remaining purchase discount.


 
 
 
As of June 30, 2014
(Dollars in thousands)
Number of Loans
 
Recorded Investment
 
Unpaid Principal Balance
Originated loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
41

 
$
7,062

 
$
13,200

 
 
CRE
60

 
21,407

 
25,567

 
 
Construction
31

 
53

 
76

 
 
Total originated commercial
132

 
28,522

 
38,843

 
Consumer
 
 
 
 
 
 
 
Installment
1,350

 
24,394

 
25,293

 
 
Home equity lines
260

 
6,956

 
7,192

 
 
Credit card
253

 
979

 
979

 
 
Residential mortgages
326

 
26,297

 
29,426

 
 
Total originated consumer
2,189

 
58,626

 
62,890

   Total originated loans
2,321

 
$
87,148

 
$
101,733

Acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
1

 
4

 
4

 
 
CRE
1

 
1,661

 
1,661

 
 
Total acquired commercial
2

 
1,665

 
1,665

 
Consumer
 
 
 
 
 
 
 
Installment
30

 
979

 
1,032

 
 
Home equity lines
90

 
4,710

 
4,750

 
 
Residential mortgages
21

 
1,461

 
1,635

 
 
Total acquired consumer
141

 
7,150

 
7,417

   Total acquired loans
143

 
$
8,815

 
$
9,082

FDIC acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
6

 
$
177

 
$
1,070

 
 
CRE
24

 
37,385

 
54,480

 
 
Construction
10

 
2,605

 
21,331

 
 
Total FDIC acquired commercial
40

 
40,167

 
76,881

 
Consumer
 
 
 
 
 
 
 
Home equity lines
62

 
8,489

 
8,489

 
 
Residential mortgages
2

 
337

 
337

 
 
Total FDIC acquired consumer
64

 
8,826

 
8,826

   Total FDIC acquired loans
104

 
$
48,993

 
$
85,707

Total loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
48

 
$
7,243

 
$
14,274

 
 
CRE
85

 
60,453

 
81,708

 
 
Construction
41

 
2,658

 
21,407

 
 
Total commercial
174

 
70,354

 
117,389

 
Consumer
 
 
 
 
 
 
 
Installment
1,380

 
25,373

 
26,325

 
 
Home equity lines
412

 
20,155

 
20,431

 
 
Credit card
253

 
979

 
979

 
 
Residential mortgages
349

 
28,095

 
31,398

 
 
Total consumer
2,394

 
74,602

 
79,133

   Total loans
2,568

 
$
144,956

 
$
196,522

 
 
 
 
 
 
 
 

Accruing and Nonaccruing Troubled Debt Restructurings
The following tables provide a summary of the delinquency status of TDRs along with the specific allowance for loan loss, by loan type, as of June 30, 2015, December 31, 2014, and June 30, 2014, including TDRs that continue to accrue interest and TDRs included in nonperforming assets.
As of June 30, 2015
 
Accruing TDRs
 
Nonaccruing TDRs
 
Total
 
Total
(In thousands)
Current
 
Delinquent
 
Total
 
Current
 
Delinquent
 
Total
 
TDRs
 
Allowance
Originated loans
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 

 
 
 
 
 

 

 
 
C&I
$
17,346

 
$

 
$
17,346

 
$
9,260

 
$
2,848

 
$
12,108

 
$
29,454

 
$
2,893

CRE
5,968

 

 
5,968

 
1,598

 
2,796

 
4,394

 
10,362

 
63

Construction

 

 

 

 

 

 

 

Total originated commercial
23,314

 

 
23,314

 
10,858

 
5,644

 
16,502

 
39,816

 
2,956

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
29,715

 
603

 
30,318

 
1,390

 
219

 
1,609

 
31,927

 
1,001

Home equity lines
6,611

 
107

 
6,718

 
557

 
146

 
703

 
7,421

 
217

Credit card
684

 
100

 
784

 

 
3

 
3

 
787

 
250

Residential mortgages
13,925

 
2,105

 
16,030

 
4,957

 
3,710

 
8,667

 
24,697

 
890

Total originated consumer
50,935

 
2,915

 
53,850

 
6,904

 
4,078

 
10,982

 
64,832

 
2,358

         Total originated TDRs
$
74,249

 
$
2,915

 
$
77,164

 
$
17,762

 
$
9,722

 
$
27,484

 
$
104,648

 
$
5,314

Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I

 

 

 

 

 

 

 

CRE

 

 

 
930

 

 
930

 
930

 
98

Total acquired commercial

 

 

 
930

 

 
930

 
930

 
98

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
1,082

 
47

 
1,129

 
15

 

 
15

 
1,144

 
44

Home equity lines
6,387

 
618

 
7,005

 
133

 

 
133

 
7,138

 

Residential mortgages
1,313

 

 
1,313

 
615

 
222

 
837

 
2,150

 

Total acquired consumer
8,782

 
665

 
9,447

 
763

 
222

 
985

 
10,432

 
44

    Total acquired TDRs
$
8,782

 
$
665

 
$
9,447

 
$
1,693

 
$
222

 
$
1,915

 
$
11,362

 
$
142

FDIC acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$

CRE

 
11,704

 
11,704

 

 

 

 
11,704

 
2,393

Construction
525

 

 
525

 

 

 

 
525

 
96

Total FDIC acquired commercial
525

 
11,704

 
12,229

 

 

 

 
12,229

 
2,489

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity lines
9,505

 
89

 
9,594

 
143

 
826

 
969

 
10,563

 
23

Residential mortgages
184

 

 
184

 

 

 

 
184

 

Total FDIC acquired consumer
9,689

 
89

 
9,778

 
143

 
826

 
969

 
10,747

 
23

    Total FDIC acquired TDRs
$
10,214

 
$
11,793

 
$
22,007

 
$
143

 
$
826

 
$
969

 
$
22,976

 
$
2,512

Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
17,346

 
$

 
$
17,346

 
$
9,260

 
$
2,848

 
$
12,108

 
$
29,454

 
$
2,893

CRE
5,968

 
11,704

 
17,672

 
2,528

 
2,796

 
5,324

 
22,996

 
2,554

Construction
525

 

 
525

 

 

 

 
525

 
96

Total commercial
23,839

 
11,704

 
35,543

 
11,788

 
5,644

 
17,432

 
52,975

 
5,543

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
30,797

 
650

 
31,447

 
1,405

 
219

 
1,624

 
33,071

 
1,045

Home equity lines
22,503

 
814

 
23,317

 
833

 
972

 
1,805

 
25,122

 
240

Credit card
684

 
100

 
784

 

 
3

 
3

 
787

 
250

Residential mortgages
15,422

 
2,105

 
17,527

 
5,572

 
3,932

 
9,504

 
27,031

 
890

Total consumer
69,406

 
3,669

 
73,075

 
7,810

 
5,126

 
12,936

 
86,011

 
2,425

Total TDRs
$
93,245

 
$
15,373

 
$
108,618

 
$
19,598

 
$
10,770

 
$
30,368

 
$
138,986

 
$
7,968

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


As of December 31, 2014
 
Accruing TDRs
 
Nonaccruing TDRs
 
Total
 
Total
(In thousands)
Current
 
Delinquent
 
Total
 
Current
 
Delinquent
 
Total
 
TDRs
 
Allowance
Originated loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
6,740

 
$

 
$
6,740

 
$

 
$
383

 
$
383

 
$
7,123

 
$
72

CRE
12,885

 
952

 
13,837

 
394

 
3,376

 
3,770

 
17,607

 
159

Construction

 

 

 

 

 

 

 

Total originated commercial
19,625

 
952

 
20,577

 
394

 
3,759

 
4,153

 
24,730

 
231

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
22,254

 
726

 
22,980

 
1,663

 
262

 
1,925

 
24,905

 
1,178

Home equity lines
6,239

 
269

 
6,508

 
871

 

 
871

 
7,379

 
207

Credit card
775

 
60

 
835

 
15

 
4

 
19

 
854

 
296

Residential mortgages
13,440

 
3,538

 
16,978

 
5,006

 
3,267

 
8,273

 
25,251

 
1,283

Total originated consumer
42,708

 
4,593

 
47,301

 
7,555

 
3,533

 
11,088

 
58,389

 
2,964

         Total originated TDRs
$
62,333

 
$
5,545

 
$
67,878

 
$
7,949

 
$
7,292

 
$
15,241

 
$
83,119

 
$
3,195

Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
15

 
$

 
$
15

 
$
3

 
$

 
$
3

 
$
18

 
$
18

CRE

 

 

 
978

 
1,564

 
2,542

 
2,542

 
134

Total acquired commercial
15

 

 
15

 
981

 
1,564

 
2,545

 
2,560

 
152

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
841

 
87

 
928

 
24

 
23

 
47

 
975

 
65

Home equity lines
6,186

 
607

 
6,793

 
139

 

 
139

 
6,932

 
9

Residential mortgages
868

 

 
868

 
470

 
295

 
765

 
1,633

 
2

Total acquired consumer
7,895

 
694

 
8,589

 
633

 
318

 
951

 
9,540

 
76

    Total acquired TDRs
$
7,910

 
$
694

 
$
8,604

 
$
1,614

 
$
1,882

 
$
3,496

 
$
12,100

 
$
228

FDIC acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$
177

 
$
177

 
$

 
$

 
$

 
$
177

 
$

CRE
5,123

 
20,376

 
25,499

 

 

 

 
25,499

 
2,879

Construction
339

 

 
339

 

 

 

 
339

 
295

Total FDIC acquired commercial
5,462

 
20,553

 
26,015

 

 

 

 
26,015

 
3,174

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity lines
8,561

 

 
8,561

 
329

 

 
329

 
8,890

 
27

Residential mortgages
334

 

 
334

 

 

 

 
334

 
21

Total FDIC acquired consumer
8,895

 

 
8,895

 
329

 

 
329

 
9,224

 
48

    Total FDIC acquired TDRs
$
14,357

 
$
20,553

 
$
34,910

 
$
329

 
$

 
$
329

 
$
35,239

 
$
3,222

Total Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
6,755

 
$
177

 
$
6,932

 
$
3

 
$
383

 
$
386

 
$
7,318

 
$
90

CRE
18,008

 
21,328

 
39,336

 
1,372

 
4,940

 
6,312

 
45,648

 
3,172

Construction
339

 

 
339

 

 

 

 
339

 
295

Total commercial
25,102

 
21,505

 
46,607

 
1,375

 
5,323

 
6,698

 
53,305

 
3,557

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
23,095

 
813

 
23,908

 
1,687

 
285

 
1,972

 
25,880

 
1,243

Home equity lines
20,986

 
876

 
21,862

 
1,339

 

 
1,339

 
23,201

 
243

Credit card
775

 
60

 
835

 
15

 
4

 
19

 
854

 
296

Residential mortgages
14,642

 
3,538

 
18,180

 
5,476

 
3,562

 
9,038

 
27,218

 
1,306

Total consumer
59,498

 
5,287

 
64,785

 
8,517

 
3,851

 
12,368

 
77,153

 
3,088

Total TDRs
$
84,600

 
$
26,792

 
$
111,392

 
$
9,892

 
$
9,174

 
$
19,066

 
$
130,458

 
$
6,645

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

As of June 30, 2014
 
Accruing TDRs
 
Nonaccruing TDRs
 
Total
 
Total
(In thousands)
Current
 
Delinquent
 
Total
 
Current
 
Delinquent
 
Total
 
TDRs
 
Allowance
Originated loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
1,659

 
$

 
$
1,659

 
$
3,375

 
$
2,028

 
$
5,403

 
$
7,062

 
$
2,443

CRE
15,387

 
1,529

 
16,916

 
1,419

 
3,072

 
4,491

 
21,407

 
93

Construction

 

 

 
53

 

 
53

 
53

 
9

Total originated commercial
17,046

 
1,529

 
18,575

 
4,847

 
5,100

 
9,947

 
28,522

 
2,545

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
21,404

 
694

 
22,098

 
2,074

 
222

 
2,296

 
24,394

 
1,008

Home equity lines
5,767

 
188

 
5,955

 
1,001

 

 
1,001

 
6,956

 
201

Credit card
857

 
86

 
943

 

 
36

 
36

 
979

 
361

Residential mortgages
15,256

 
2,349

 
17,605

 
5,335

 
3,357

 
8,692

 
26,297

 
1,019

Total originated consumer
43,284

 
3,317

 
46,601

 
8,410

 
3,615

 
12,025

 
58,626

 
2,589

          Total originated TDRs
$
60,330

 
$
4,846

 
$
65,176

 
$
13,257

 
$
8,715

 
$
21,972

 
$
87,148

 
$
5,134

Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$

 
$

 
$
4

 
$

 
$
4

 
$
4

 
$
4

CRE
1,661

 

 
1,661

 

 

 

 
1,661

 
182

Total acquired commercial
1,661

 

 
1,661

 
4

 

 
4

 
1,665

 
186

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
702

 
250

 
952

 
27

 

 
27

 
979

 
14

Home equity lines
4,026

 
576

 
4,602

 
108

 

 
108

 
4,710

 

Residential mortgages
670

 

 
670

 
764

 
27

 
791

 
1,461

 

Total acquired consumer
5,398

 
826

 
6,224

 
899

 
27

 
926

 
7,150

 
14

    Total acquired TDRs
$
7,059

 
$
826

 
$
7,885

 
$
903

 
$
27

 
$
930

 
$
8,815

 
$
200

FDIC acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$
177

 
$
177

 
$

 
$

 
$

 
$
177

 
$

CRE
4,909

 
32,476

 
37,385

 

 

 

 
37,385

 
1,129

Construction
666

 
1,939

 
2,605

 

 

 

 
2,605

 
68

Total FDIC acquired commercial
5,575

 
34,592

 
40,167

 

 

 

 
40,167

 
1,197

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity lines
8,038

 
115

 
8,153

 
336

 

 
336

 
8,489

 

Residential mortgages
337

 

 
337

 

 

 

 
337

 

Total FDIC acquired consumer
8,375

 
115

 
8,490

 
336

 

 
336

 
8,826

 

Total FDIC acquired TDRs
$
13,950

 
$
34,707

 
$
48,657

 
$
336

 
$

 
$
336

 
$
48,993

 
$
1,197

Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
1,659

 
$
177

 
$
1,836

 
$
3,379

 
$
2,028

 
$
5,407

 
$
7,243

 
$
2,447

CRE
21,957

 
34,005

 
55,962

 
1,419

 
3,072

 
4,491

 
60,453

 
1,404

Construction
666

 
1,939

 
2,605

 
53

 

 
53

 
2,658

 
77

Total commercial
24,282

 
36,121

 
60,403

 
4,851

 
5,100

 
9,951

 
70,354

 
3,928

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
22,106

 
944

 
23,050

 
2,101

 
222

 
2,323

 
25,373

 
1,022

Home equity lines
17,831

 
879

 
18,710

 
1,445

 

 
1,445

 
20,155

 
201

Credit card
857

 
86

 
943

 

 
36

 
36

 
979

 
361

Residential mortgages
16,263

 
2,349

 
18,612

 
6,099

 
3,384

 
9,483

 
28,095

 
1,019

Total consumer
57,057

 
4,258

 
61,315

 
9,645

 
3,642

 
13,287

 
74,602

 
2,603

Total TDRs
$
81,339

 
$
40,379

 
$
121,718

 
$
14,496

 
$
8,742

 
$
23,238

 
$
144,956

 
$
6,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Schedule of Debtor Troubled Debt Restructuring, Current Period
The following tables provide the number of loans modified in a TDR within the previous 12 months that subsequently defaulted during the three months ended June 30, 2015 and June 30, 2014, as well as the amount defaulted in these restructured loans.
 
As of June 30, 2015
(Dollars in thousands)
Number of Loans
 
Amount Defaulted
Originated loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total originated commercial

 

Consumer
 
 
 
Installment
1

 
6

Home equity lines

 

Credit card
1

 
1

Residential mortgages
1

 
368

Total originated consumer
3

 
$
375

FDIC acquired loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total FDIC acquired commercial

 
$

Acquired loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total acquired commercial

 
$

Consumer
 
 
 
Installment
1

 
33

Home equity lines

 

Residential mortgages

 

Total acquired consumer
1

 
$
33

Total loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total commercial

 

Consumer
 
 
 
Installment
2

 
39

Home equity lines

 

Credit card
1

 
1

Residential mortgages
1

 
368

Total consumer
4

 
408

Total
4

 
$
408

 
 
 
 


 
As of June 30, 2014
(Dollars in thousands)
Number of Loans
 
Recorded Investment
Originated loans
 
 
 
Commercial
 
 
 
C&I
1

 
$
170

CRE
1

 
363

Construction

 

Total originated commercial
2

 
533

Consumer
 
 
 
Installment
1

 
3

Home equity lines

 

Credit card
7

 
31

Residential mortgages
1

 
99

Total originated consumer
9

 
$
133

FDIC acquired loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total FDIC acquired commercial

 
$

Acquired loans
 
 
 
Commercial
 
 
 
C&I

 
$

CRE

 

Construction

 

Total acquired commercial

 

Consumer
 
 
 
Installment

 

Home equity lines

 

Residential mortgages

 

Total acquired consumer

 
$

Total loans
 
 
 
Commercial
 
 
 
C&I
1

 
$
170

CRE
1

 
363

Construction

 

Total commercial
2

 
533

Consumer
 
 
 
Installment
1

 
3

Home equity lines

 

Credit card
7

 
31

Residential mortgages
1

 
99

Total consumer
9

 
133

Total
11

 
$
666