Loans

Loans outstanding as of September 30, 2015, December 31, 2014, and September 30, 2014, net of unearned income, consisted of the following:



(In thousands)		September 30, 2015			December 31, 2014			September 30, 2014
Originated loans:
Commercial		$	8,692,699		$	8,200,264		$	7,966,102
Residential mortgage		673,591			625,283			605,998
Installment		2,899,559			2,393,451			2,277,533
Home equity		1,212,084			1,110,336			1,062,013
Credit cards		170,392			164,478			160,113
	Total originated loans	13,648,325			12,493,812			12,071,759
Allowance for originated loan losses		(104,055		)	(95,696		)	(90,883		)
	Net originated loans	$	13,544,270		$	12,398,116		$	11,980,876
Acquired loans:
Commercial		$	778,414		$	1,086,899		$	1,272,244
Residential mortgage		341,278			394,484			410,065
Installment		611,061			764,168			809,820
Home equity		184,211			233,629			252,975
	Total acquired loans	1,914,964			2,479,180			2,745,104
Allowance for acquired loan losses		(4,199		)	(7,457		)	(6,206		)
	Net acquired loans	$	1,910,765		$	2,471,723		$	2,738,898
FDIC acquired loans:
Commercial		$	139,177		$	211,607		$	262,319
Residential mortgage		36,362			41,276			43,672
Installment		2,156			4,874			5,148
Home equity		47,370			73,365			83,278
Loss share receivable		10,926			22,033			30,746
	Total FDIC acquired loans	235,991			353,155			425,163
Allowance for FDIC acquired loan losses		(45,196		)	(40,496		)	(42,988		)
	Net FDIC acquired loans	$	190,795		$	312,659		$	382,175
Total loans:
Commercial		$	9,610,290		$	9,498,770		$	9,500,665
Residential mortgage		1,051,231			1,061,043			1,059,735
Installment		3,512,776			3,162,493			3,092,501
Home equity		1,443,665			1,417,330			1,398,266
Credit cards		170,392			164,478			160,113
Loss share receivable		10,926			22,033			30,746
	Total loans	15,799,280			15,326,147			15,242,026
Total allowance for loan losses		(153,450		)	(143,649		)	(140,077		)
	Total Net loans	$	15,645,830		$	15,182,498		$	15,101,949

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 $4.2 million, $5.4 million, and $6.4 million at September 30, 2015, December 31, 2014, and September 30, 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 September 30, 2015 and 2014 were $466.3 million and $659.7 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, 2015 and 2014:



	Three Months Ended September 30,												Nine Months Ended September 30,
Acquired Impaired Loans	2015						2014						2015						2014
(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	$	112,031		$	356,164		$	137,442		$	519,250		$	119,450		$	423,209		$	136,646		$	601,000
Accretion	(9,924		)	9,924			(12,950		)	12,950			(31,427		)	31,427			(37,437		)	37,437
Net reclassifications from nonaccretable to accretable	6,780			—			6,646			—			27,992			—			36,659			—
Payments received, net	—			(38,840		)	—			(53,150		)	—			(127,388		)	—			(159,387		)
Disposals	(4,600		)	—			(4,714		)	—			(11,728		)	—			(9,444		)	—
Balance at end of period	$	104,287		$	327,248		$	126,424		$	479,050		$	104,287		$	327,248		$	126,424		$	479,050

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 September 30, 2015, there was an overall improvement in cash flow expectations, which resulted in the net reclassification of $6.8 million from the nonaccretable difference to accretable yield. This reclassification was $28.0 million for the nine months ended September 30, 2015. The reclassification from the nonaccretable difference to the accretable yield results in prospective yield adjustments on the 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 and Midwest non-single family loss share agreements with the FDIC expired at March 31, 2015 and June 30, 2015, respectively, resulting in $2.3 million and $136.9 million of loans no longer being covered as of September 30, 2015. As of September 30, 2015, $12.7 million and $73.2 million of George Washington and Midwest loans, respectively, remained covered by single family loss share agreements.

Changes in the loss share receivable for the three and nine months ended September 30, 2015 and 2014 were as follows:



Loss Share Receivable	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Balance at beginning of period	$	11,820		$	43,981		$	22,033		$	61,827
Amortization	(384		)	(6,932		)	(3,756		)	(16,980		)
Increase/(decrease) due to impairment (recapture) on FDIC acquired loans	257			2,908			6,303			3,835
FDIC reimbursement	(679		)	(7,006		)	(13,405		)	(13,330		)
FDIC acquired loans paid in full	(88		)	(2,205		)	(249		)	(4,606		)
Balance at end of the period ⁽¹⁾	$	10,926		$	30,746		$	10,926		$	30,746

(1) As of September 30, 2015, the loss share receivable of $10.9 million was related to single family covered loans.

Total outstanding FDIC acquired impaired loans were $335.2 million and $520.3 million as of September 30, 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 and nine months ended September 30, 2015 and 2014:



	Three Months Ended September 30,												Nine Months Ended September 30,
FDIC Acquired Impaired Loans	2015						2014						2015						2014
(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	$	26,150		$	157,808		$	53,655		$	316,481		$	37,511		$	232,452		$	67,282		$	403,692
Accretion	(2,893		)	2,893			(9,683		)	9,683			(12,560		)	12,560			(34,438		)	34,438
Net reclassifications between non-accretable and accretable	1,785			—			8,684			—			3,865			—			20,290			—
Payments received, net	—			(18,069		)	—			(41,598		)	—			(102,380		)	—			(153,564		)
(Disposals)/Additions	(329		)	—			(711		)	—			(4,103		)	—			(1,189		)	—
Balance at end of period	$	24,713		$	142,632		$	51,945		$	284,566		$	24,713		$	142,632		$	51,945		$	284,566

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 September 30, 2015, the re-estimation process resulted in a net reclassification of $1.8 million from the nonaccretable difference to accretable yield. This reclassification was $3.9 million for the nine months ended September 30, 2015. The reclassification from the nonaccretable difference to the accretable yield 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 September 30, 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	$	11,794	$	509	$	6,208	$	18,511	$	5,503,444	$	5,521,955	$	40	$	24,649
CRE	7,177		138		5,018		12,333		2,077,200		2,089,533		2,327		6,172
Construction	—		4,452		—		4,452		615,117		619,569		—		—
Leases	—		—		—		—		461,642		461,642		—		—
Consumer
Installment	13,992		3,095		4,646		21,733		2,877,826		2,899,559		3,764		2,910
Home Equity Lines	2,142		756		1,593		4,491		1,207,593		1,212,084		592		1,612
Credit Cards	872		402		548		1,822		168,570		170,392		292		564
Residential Mortgages	10,029		2,883		6,494		19,406		654,185		673,591		2,873		11,129
Total	$	46,006	$	12,235	$	24,507	$	82,748	$	13,565,577	$	13,648,325	$	9,888	$	47,036
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	$	1,006	$	309	$	2,366	$	3,681	$	270,871	$	274,552	$	—	$	462
CRE	4,674		2,523		10,434		17,631		480,059		497,690		—		5,187
Construction	—		—		713		713		5,459		6,172		—		—
Consumer
Installment	4,342		790		814		5,946		605,115		611,061		359		481
Home Equity Lines	2,020		876		1,018		3,914		180,297		184,211		370		427
Residential Mortgages	254		2,138		6,416		8,808		332,470		341,278		1,501		1,019
Total	$	12,296	$	6,636	$	21,761	$	40,693	$	1,874,271	$	1,914,964	$	2,230	$	7,576
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	$	1,065	$	—	$	2,129	$	3,194	$	35,593	$	38,787	n/a		n/a
CRE	789		—		28,586		29,375		65,156		94,531		n/a		n/a
Construction	—		—		3,722		3,722		2,137		5,859		n/a		n/a
Consumer
Installment	—		—		—		—		2,156		2,156		n/a		n/a
Home Equity Lines	1,104		10		2,566		3,680		43,690		47,370		n/a		n/a
Residential Mortgages	5,004		322		2,559		7,885		28,477		36,362		n/a		n/a
Total	$	7,962	$	332	$	39,562	$	47,856	$	177,209	$	225,065	n/a		n/a

(1)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, 2015.

(2)Excludes loss share receivable of $10.9 million as of September 30, 2015.

(3) Acquired and FDIC acquired impaired loans were not classified as nonperforming assets at September 30, 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 FDIC Acquired 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 $2.7 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 FDIC acquired 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 FDIC Acquired impaired loans. These asset quality disclosures are, therefore, not applicable to acquired and FDIC acquired impaired loans.



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 ⁽¹⁾		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⁽³⁾		Loans ⁽³⁾
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

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	$	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

(1) 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.

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

(3) Acquired and FDIC acquired 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 FDIC Acquired impaired loans. These asset quality disclosures are, therefore, not applicable to acquired and FDIC acquired 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 about 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.

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



As of September 30, 2015
(In thousands)
Originated Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	71,992	$	787	$	—	$	13,262	$	86,041
Grade 2	314,520		842		—		52,397		367,759
Grade 3	1,312,560		316,917		64,270		52,886		1,746,633
Grade 4	3,611,381		1,709,902		547,558		338,014		6,206,855
Grade 5	114,683		23,351		6,651		2,894		147,579
Grade 6	93,559		37,734		1,090		2,189		134,572
Grade 7	3,260		—		—		—		3,260
Total	$	5,521,955	$	2,089,533	$	619,569	$	461,642	$	8,692,699

Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	1,054	$	—	$	—	$	—	$	1,054
Grade 2	—		—		—		—		—
Grade 3	15,624		26,411		—		—		42,035
Grade 4	220,011		442,588		5,459		—		668,058
Grade 5	15,102		5,528		—		—		20,630
Grade 6	22,761		23,163		713		—		46,637
Grade 7	—		—		—		—		—
Total	$	274,552	$	497,690	$	6,172	$	—	$	778,414

FDIC Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	1,125		—		—		—		1,125
Grade 3	—		—		—		—		—
Grade 4	35,534		62,605		817		—		98,956
Grade 5	—		629		—		—		629
Grade 6	2,128		31,297		5,042		—		38,467
Grade 7	—		—		—		—		—
Total	$	38,787	$	94,531	$	5,859	$	—	$	139,177



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 September 30, 2014
(In thousands)
Originated Loans	Commercial
	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 Loans	Commercial
	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

FDIC Acquired Loans	Commercial
	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