Loans

Loans outstanding as of March 31, 2016, December 31, 2015, and March 31, 2015, net of unearned income, consisted of the following:



(In thousands)		March 31, 2016			December 31, 2015			March 31, 2015
Originated loans:
Commercial		$	9,100,731		$	9,007,830		$	8,420,765
Residential mortgage		700,138			689,045			639,980
Installment		3,154,912			2,990,349			2,500,288
Home equity		1,254,709			1,248,438			1,134,238
Credit cards		179,023			182,843			160,766
	Total originated loans	14,389,513			14,118,505			12,856,037
Allowance for originated loan losses		(102,915		)	(105,135		)	(97,545		)
	Net originated loans	$	14,286,598		$	14,013,370		$	12,758,492
Acquired loans:
Commercial		$	628,030		$	677,149		$	1,011,170
Residential mortgage		308,618			324,008			378,192
Installment		539,313			573,372			717,693
Home equity		157,745			168,542			217,824
	Total acquired loans	1,633,706			1,743,071			2,324,879
Allowance for acquired loan losses		(4,423		)	(3,877		)	(7,493		)
	Net acquired loans	$	1,629,283		$	1,739,194		$	2,317,386
FDIC acquired loans:
Commercial		$	122,123		$	129,109		$	179,547
Residential mortgage		34,594			35,568			40,470
Installment		1,942			2,077			4,781
Home equity		34,136			38,668			65,170
Loss share receivable		9,436			9,947			20,005
	Total FDIC acquired loans	202,231			215,369			309,973
Allowance for FDIC acquired loan losses		(44,599		)	(44,679		)	(41,514		)
	Net FDIC acquired loans	$	157,632		$	170,690		$	268,459
Total loans:
Commercial		$	9,850,884		$	9,814,088		$	9,611,482
Residential mortgage		1,043,350			1,048,621			1,058,642
Installment		3,696,167			3,565,798			3,222,762
Home equity		1,446,590			1,455,648			1,417,232
Credit cards		179,023			182,843			160,766
Loss share receivable		9,436			9,947			20,005
	Total loans	16,225,450			16,076,945			15,490,889
Total allowance for loan losses		(151,937		)	(153,691		)	(146,552		)
	Total Net loans	$	16,073,513		$	15,923,254		$	15,344,337

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 $4.9 million, $4.1 million, and $4.6 million at March 31, 2016, December 31, 2015, and March 31, 2015, 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, 2016 and 2015 were $370.6 million and $548.2 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, 2016 and 2015:



	Three Months Ended March 31,
Acquired Impaired Loans	2016						2015
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	89,823		$	284,709		$	119,450		$	423,209
Accretion	(8,902		)	8,902			(11,218		)	11,218
Net reclassifications from nonaccretable to accretable	7,753			—			12,995			—
Payments received, net	—			(36,459		)	—			(46,114		)
Disposals	(3,230		)	—			(2,471		)	—
Balance at end of period	$	85,444		$	257,152		$	118,756		$	388,313

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, 2016, there was an overall improvement in cash flow expectations, which resulted in the net reclassification of $7.8 million from the nonaccretable difference to accretable yield. This reclassification was $13.0 million for the three months ended March 31, 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 $122.1 million of loans no longer being covered as of March 31, 2016. As of March 31, 2016, $70.7 million remained covered by single family loss share agreements.

Changes in the loss share receivable for the three months ended March 31, 2016 and 2015 were as follows:



Loss Share Receivable	Three Months Ended March 31,
(In thousands)	2016			2015
Balance at beginning of period	$	9,947		$	22,033
Amortization	(348		)	(2,187		)
Increase/(decrease) due to impairment (recapture) on FDIC acquired loans	269			4,227
FDIC reimbursement	(192		)	(4,013		)
FDIC acquired loans paid in full	(240		)	(55		)
Balance at end of the period ⁽¹⁾	$	9,436		$	20,005

(1) As of March 31, 2016, the loss share receivable of $9.4 million was related to single family covered loans.

Total outstanding FDIC acquired impaired loans were $306.6 million and $404.4 million as of March 31, 2016 and 2015, 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, 2016 and 2015:



	Three Months Ended March 31,
FDIC Acquired Impaired Loans	2016						2015
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Balance at beginning of period	$	22,908		$	130,648		$	37,511		$	232,452
Accretion	(2,297		)	2,297			(5,567		)	5,567
Net reclassifications between non-accretable and accretable	1,673			—			(56		)	—
Payments received, net	—			(10,811		)	—			(38,794		)
(Disposals)/Additions	(158		)	—			(2,021		)	—
Balance at end of period	$	22,126		$	122,134		$	29,867		$	199,225

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, 2016, the re-estimation process resulted in a net reclassification of $1.7 million from the nonaccretable difference to accretable yield. This reclassification was $0.1 million for the three months ended March 31, 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 March 31, 2016
(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	$	2,485	$	3,464	$	8,627	$	14,576	$	5,822,739	$	5,837,315	$	274	$	35,500
CRE	3,211		1,137		17,024		21,372		2,058,290		2,079,662		2,420		18,216
Construction	6,891		—		485		7,376		663,449		670,825		—		3,010
Leases	—		—		—		—		512,929		512,929		—		—
Consumer
Installment	13,150		2,591		3,567		19,308		3,135,604		3,154,912		3,178		2,554
Home Equity Lines	1,100		897		1,757		3,754		1,250,955		1,254,709		274		2,267
Credit Cards	857		483		843		2,183		176,840		179,023		339		554
Residential Mortgages	11,278		1,544		6,801		19,623		680,515		700,138		2,876		11,600
Total	$	38,972	$	10,116	$	39,104	$	88,192	$	14,301,321	$	14,389,513	$	9,361	$	73,701
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	$	1,092	$	75	$	1,729	$	2,896	$	227,804	$	230,700	$	145	$	766
CRE	2,580		918		10,561		14,059		377,804		391,863		—		4,332
Construction	—		—		718		718		4,749		5,467		—		—
Consumer
Installment	3,869		793		633		5,295		534,018		539,313		289		600
Home Equity Lines	1,002		120		470		1,592		156,153		157,745		260		320
Residential Mortgages	9,244		49		4,515		13,808		294,810		308,618		1,018		980
Total	$	17,787	$	1,955	$	18,626	$	38,368	$	1,595,338	$	1,633,706	$	1,712	$	6,998
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	$	—	$	—	$	949	$	949	$	30,981	$	31,930	n/a		n/a
CRE	288		344		27,699		28,331		56,973		85,304		n/a		n/a
Construction	—		—		3,133		3,133		1,756		4,889		n/a		n/a
Consumer
Installment	—		—		—		—		1,942		1,942		n/a		n/a
Home Equity Lines	1,969		46		1,693		3,708		30,428		34,136		n/a		n/a
Residential Mortgages	4,490		167		2,582		7,239		27,355		34,594		n/a		n/a
Total	$	6,747	$	557	$	36,056	$	43,360	$	149,435	$	192,795	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, 2016.

(2)Excludes loss share receivable of $9.4 million as of March 31, 2016.

(3) Acquired and FDIC acquired impaired loans were not classified as nonperforming assets at March 31, 2016 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, 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	$	4,684	$	115	$	8,824	$	13,623	$	5,779,785	$	5,793,408	$	236	$	23,123
CRE	12,880		—		2,260		15,140		2,062,204		2,077,344		153		4,503
Construction	1,360		—		486		1,846		643,491		645,337		—		482
Leases	—		—		—		—		491,741		491,741		—		—
Consumer
Installment	17,934		4,828		3,920		26,682		2,963,667		2,990,349		3,519		2,178
Home Equity Lines	1,952		913		1,478		4,343		1,244,095		1,248,438		513		1,674
Credit Cards	1,449		494		632		2,575		180,268		182,843		725		545
Residential Mortgages	11,099		1,519		6,693		19,311		669,734		689,045		2,876		11,600
Total	$	51,358	$	7,869	$	24,293	$	83,520	$	14,034,985	$	14,118,505	$	8,022	$	44,105

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	$	311	$	31	$	3,336	$	3,678	$	236,467	$	240,145	$	13	$	782
CRE	3,192		1,681		9,657		14,530		416,361		430,891		522		4,948
Construction	—		—		733		733		5,380		6,113		—		—
Consumer
Installment	5,059		1,329		974		7,362		566,010		573,372		236		835
Home Equity Lines	1,365		660		1,260		3,285		165,257		168,542		644		514
Residential Mortgages	8,760		567		6,792		16,119		307,889		324,008		1,681		1,166
Total	$	18,687	$	4,268	$	22,752	$	45,707	$	1,697,364	$	1,743,071	$	3,096	$	8,245
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	$	—	$	—	$	1,054	$	1,054	$	34,412	$	35,466	n/a		n/a
CRE	296		354		28,501		29,151		58,623		87,774		n/a		n/a
Construction	—		—		3,761		3,761		2,108		5,869		n/a		n/a
Consumer
Installment	—		—		—		—		2,077		2,077		n/a		n/a
Home Equity Lines	2,230		52		1,917		4,199		34,469		38,668		n/a		n/a
Residential Mortgages	4,616		172		2,655		7,443		28,125		35,568		n/a		n/a
Total	$	7,142	$	578	$	37,888	$	45,608	$	159,814	$	205,422	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 December 31, 2015.

(2) Excludes loss share receivable of $9.9 million as of December 31, 2015.

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



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 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 March 31, 2016
(In thousands)
Originated Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	68,185	$	757	$	—	$	12,613	$	81,555
Grade 2	397,855		818		—		43,507		442,180
Grade 3	1,317,058		310,816		52,039		80,042		1,759,955
Grade 4	3,762,793		1,719,833		597,571		336,402		6,416,599
Grade 5	141,456		9,924		2,401		32,416		186,197
Grade 6	146,380		37,514		18,814		7,949		210,657
Grade 7	3,588		—		—		—		3,588
Total	$	5,837,315	$	2,079,662	$	670,825	$	512,929	$	9,100,731

Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	596		615		—		—		1,211
Grade 3	27,818		23,221		—		—		51,039
Grade 4	169,906		327,406		4,749		—		502,061
Grade 5	24,577		11,663		—		—		36,240
Grade 6	7,803		28,958		718		—		37,479
Grade 7	—		—		—		—		—
Total	$	230,700	$	391,863	$	5,467	$	—	$	628,030

FDIC Acquired Loans	Commercial
	C&I		CRE		Construction		Leases		Total
Grade 1	$	—	$	—	$	—	$	—	$	—
Grade 2	965		—		—		—		965
Grade 3	—		6,807		—		—		6,807
Grade 4	28,483		48,512		682		—		77,677
Grade 5	266		—		—		—		266
Grade 6	2,216		29,985		4,207		—		36,408
Grade 7	—		—		—		—		—
Total	$	31,930	$	85,304	$	4,889	$	—	$	122,123



As of December 31, 2015
(In thousands)
Originated Loans	Commercial
	C&I		CRE			Construction		Leases		Total
Grade 1	$	60,440	$	773		$	—	$	12,732	$	73,945
Grade 2	353,581		831			—		69,258		423,670
Grade 3	1,371,850		319,987			59,182		49,956		1,800,975
Grade 4	3,756,333		1,697,261			569,098		344,763		6,367,455
Grade 5	124,140		18,388			7,193		7,858		157,579
Grade 6	124,483		40,105			9,864		7,174		181,626
Grade 7	2,581		(1		)	—		—		2,580
Total	$	5,793,408	$	2,077,344		$	645,337	$	491,741	$	9,007,830

Acquired Loans	Commercial
	C&I		CRE			Construction		Leases		Total
Grade 1	$	346	$	—		$	—	$	—	$	346
Grade 2	—		—			—		—		—
Grade 3	15,548		27,387			—		—		42,935
Grade 4	200,736		361,518			5,380		—		567,634
Grade 5	11,735		12,546			—		—		24,281
Grade 6	11,780		29,440			733		—		41,953
Grade 7	—		—			—		—		—
Total	$	240,145	$	430,891		$	6,113	$	—	$	677,149

FDIC Acquired Loans	Commercial
	C&I		CRE			Construction		Leases		Total
Grade 1	$	—	$	—		$	—	$	—	$	—
Grade 2	1,072		—			—		—		1,072
Grade 3	—		7,004			—		—		7,004
Grade 4	31,637		49,917			819		—		82,373
Grade 5	295		—			—		—		295
Grade 6	2,462		30,853			5,050		—		38,365
Grade 7	—		—			—		—		—
Total	$	35,466	$	87,774		$	5,869	$	—	$	129,109



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