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Allowance for Loan Losses (Tables)
6 Months Ended
Jun. 30, 2016
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, 2016 and 2015, as well as the corresponding recorded investment in originated loans at the end of the period:
As of June 30, 2016
(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
$
44,489

 
$
7,244

 
$
1,537

 
$
1,499

 
$
14,664

 
$
19,528

 
$
8,591

 
$
5,363

 
$
102,915

Charge-offs
(2,593
)
 
(111
)
 

 

 
(5,418
)
 
(937
)
 
(1,031
)
 
(708
)
 
(10,798
)
Recoveries
1,335

 
207

 
2

 
29

 
3,573

 
499

 
421

 
45

 
6,111

Provision for loan losses
1,859

 
(1,468
)
 
1,028

 
822

 
3,960

 
698

 
(831
)
 
879

 
6,947

Allowance for originated loan losses, ending balance
$
45,090

 
$
5,872

 
$
2,567

 
$
2,350

 
$
16,779

 
$
19,788

 
$
7,150

 
$
5,579

 
$
105,175

Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for originated loan losses, beginning balance
$
44,760

 
$
9,631

 
$
1,594

 
$
1,313

 
$
14,183

 
$
20,094

 
$
8,831

 
$
4,729

 
$
105,135

Charge-offs
(5,803
)
 
(220
)
 

 

 
(12,186
)
 
(1,964
)
 
(2,484
)
 
(1,158
)
 
(23,815
)
Recoveries
1,867

 
232

 
4

 
49

 
7,379

 
1,123

 
778

 
65

 
11,497

Provision for loan losses
4,266

 
(3,771
)
 
969

 
988

 
7,403

 
535

 
25

 
1,942

 
12,357

Allowance for originated loan losses, ending balance
$
45,090

 
$
5,872

 
$
2,567

 
$
2,350

 
$
16,779

 
$
19,788

 
$
7,150

 
$
5,579

 
$
105,175

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance for originated loan losses balance attributable to loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
10,447

 
$
507

 
$

 
$

 
$
1,149

 
$
169

 
$
201

 
$
981

 
$
13,454

 
Collectively evaluated for impairment
34,643

 
5,365

 
2,567

 
2,350

 
15,630

 
19,619

 
6,949

 
4,598

 
91,721

Total ending allowance for originated loan losses balance
$
45,090

 
$
5,872

 
$
2,567

 
$
2,350

 
$
16,779

 
$
19,788

 
$
7,150

 
$
5,579

 
$
105,175

Originated loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated loans individually evaluated for impairment
$
62,707

 
$
29,539

 
$
512

 
$

 
$
42,272

 
$
7,874

 
$
679

 
$
23,385

 
$
166,968

 
Originated loans collectively evaluated for impairment
5,820,287

 
2,005,959

 
704,828

 
508,534

 
3,310,812

 
1,268,787

 
174,307

 
705,149

 
14,498,663

Total ending originated loan balance
$
5,882,994

 
$
2,035,498

 
$
705,340

 
$
508,534

 
$
3,353,084

 
$
1,276,661

 
$
174,986

 
$
728,534

 
$
14,665,631

 

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


The following table presents the originated ALL and the recorded investment as of December 31, 2015:
As of December 31, 2015
 
(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
$
11,837

 
$
128

 
$

 
$

 
$
1,009

 
$
188

 
$
243

 
$
944

 
$
14,349

 
Collectively evaluated for impairment
32,923

 
9,503

 
1,594

 
1,313

 
13,174

 
19,906

 
8,588

 
3,785

 
90,786

Total ending allowance for originated loan losses balance
$
44,760

 
$
9,631

 
$
1,594

 
$
1,313

 
$
14,183

 
$
20,094

 
$
8,831

 
$
4,729

 
$
105,135

Originated loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
43,818

 
$
16,614

 
$

 
$

 
$
36,904

 
$
7,080

 
$
717

 
$
23,905

 
$
129,038

 
Loans collectively evaluated for impairment
5,749,590

 
2,060,730

 
645,337

 
491,741

 
2,953,445

 
1,241,358

 
182,126

 
665,140

 
13,989,467

Total ending originated loan balance
$
5,793,408

 
$
2,077,344

 
$
645,337

 
$
491,741

 
$
2,990,349

 
$
1,248,438

 
$
182,843

 
$
689,045

 
$
14,118,505

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


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, 2016 and 2015:
Allowance for Acquired Impaired Loan Losses
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Balance at beginning of the period
$
4,423

 
$
7,493

 
$
3,877

 
$
7,457

Charge-offs
(19
)
 

 
(19
)
 

Recoveries

 

 

 

Provision/(recapture) for loan losses
(148
)
 
(2,543
)
 
398

 
(2,507
)
Balance at end of the period
$
4,256

 
$
4,950

 
$
4,256

 
$
4,950

 
 
 
 
 
 
 
 

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, 2016 and 2015:
Allowance for FDIC acquired Impaired Loan Losses
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Balance at beginning of the period
$
44,599

 
$
41,514

 
$
44,679

 
$
40,496

 
Net provision/(recapture) of loan losses before benefit attributable to FDIC loss share agreements
(227
)
 
928

 
1,310

 
5,153

 
Net (benefit)/recapture attributable to FDIC loss share agreements
12

 
(1,819
)
 
(257
)
 
(6,046
)
Net provision/(recapture) for loan losses
(215
)
 
(891
)
 
1,053

 
(893
)
Increase/(decrease) in loss share receivable
(12
)
 
1,819

 
257

 
6,046

Loans charged-off
(4,154
)
 
(815
)
 
(5,771
)
 
(4,022
)
Balance at end of the period
$
40,218

 
$
41,627

 
$
40,218

 
$
41,627

 
 
 
 
 
 
 
 
 
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, 2016
Originated Loans
 
 
Unpaid
 
 
 
Average
 
 
Recorded
 
Principal
 
Related
 
Recorded
(In thousands)
Investment
 
Balance
 
Allowance
 
Investment
Impaired loans with no related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
$
19,489

 
$
22,663

 
$

 
$
29,022

 
CRE
26,058

 
24,696

 

 
17,119

 
Construction
512

 
512

 

 
102

 
Leases

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
2,366

 
2,697

 

 
1,636

 
Home equity line
695

 
948

 

 
694

 
Credit card
15

 
15

 

 
19

 
Residential mortgages
11,950

 
14,350

 

 
11,680

Subtotal
61,085

 
65,881

 

 
60,272

Impaired loans with a related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
43,218

 
51,933

 
10,447

 
21,305

 
CRE
3,481

 
3,563

 
507

 
1,999

 
Construction

 

 

 

 
Leases

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
39,906

 
40,033

 
1,149

 
35,473

 
Home equity line
7,179

 
7,180

 
169

 
6,803

 
Credit card
664

 
664

 
201

 
699

 
Residential mortgages
11,435

 
11,549

 
981

 
12,201

Subtotal
105,883

 
114,922

 
13,454

 
78,480

 
Total impaired loans
$
166,968

 
$
180,803

 
$
13,454

 
$
138,752

 
 
 
 
 
 
 
 
 
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, 2015
Originated Loans
 
 
Unpaid
 
 
 
Average
 
 
Recorded
 
Principal
 
Related
 
Recorded
(In thousands)
Investment
 
Balance
 
Allowance
 
Investment
Impaired loans with no related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
$
21,066

 
$
23,854

 
$

 
$
27,215

 
CRE
15,465

 
17,456

 

 
13,031

 
Construction

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
1,369

 
1,658

 

 
1,807

 
Home equity line
670

 
919

 

 
999

 
Credit card
21

 
21

 

 
20

 
Residential mortgages
11,550

 
13,901

 

 
11,979

Subtotal
50,141

 
57,809

 

 
55,051

Impaired loans with a related allowance
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
C&I
22,752

 
28,881

 
11,837

 
11,284

 
CRE
1,149

 
1,173

 
128

 
3,037

 
Construction

 

 

 

Consumer
 
 
 
 
 
 
 
 
Installment
35,535

 
35,592

 
1,009

 
28,808

 
Home equity line
6,410

 
6,411

 
188

 
6,382

 
Credit card
696

 
696

 
243

 
757

 
Residential mortgages
12,355

 
12,458

 
944

 
12,619

Subtotal
78,897

 
85,211

 
14,349

 
62,887

 
Total impaired loans
$
129,038

 
$
143,020

 
$
14,349

 
$
117,938

 
 
 
 
 
 
 
 
 
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, 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

 

 

 

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.
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, 2016, December 31, 2015, and June 30, 2015.
 
 
 
As of June 30, 2016
(Dollars in thousands)
Number of Loans
 
Recorded Investment
 
Unpaid Principal Balance
Originated loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
27

 
$
36,650

 
$
39,985

 
 
CRE
26

 
20,005

 
22,025

 
 
Construction
0

 

 

 
 
Total originated commercial
53

 
56,655

 
62,010

 
Consumer
 
 
 
 
 
 
 
Installment
1,310

 
42,272

 
42,730

 
 
Home equity lines
260

 
7,874

 
8,128

 
 
Credit card
197

 
679

 
679

 
 
Residential mortgages
303

 
23,385

 
25,899

 
 
Total originated consumer
2,070

 
74,210

 
77,436

    Total originated loans
2,123

 
$
130,865

 
$
139,446

Acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
0

 
$

 
$

 
 
CRE
6

 
4,998

 
5,453

 
 
Construction
0
 

 

 
 
Total acquired commercial
6

 
4,998

 
5,453

 
Consumer
 
 
 
 
 
 
 
Installment
67

 
1,585

 
1,661

 
 
Home equity lines
173

 
7,520

 
7,583

 
 
Residential mortgages
32

 
2,899

 
3,216

 
 
Total acquired consumer
272

 
12,004

 
12,460

    Total acquired loans
278

 
$
17,002

 
$
17,913

FDIC acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
0

 
$

 
$

 
 
CRE
3

 
13,124

 
11,417

 
 
Construction
1

 
566

 
672

 
 
Total FDIC acquired commercial
4

 
13,690

 
12,089

 
Consumer
 
 
 
 
 
 
 
Home equity lines
71

 
8,529

 
8,544

 
 
Residential mortgages
0

 

 

 
 
Total FDIC acquired consumer
71

 
8,529

 
8,544

   Total FDIC acquired loans
75

 
$
22,219

 
$
20,633

Total loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
27

 
$
36,650

 
$
39,985

 
 
CRE
35

 
38,127

 
38,895

 
 
Construction
1

 
566

 
672

 
 
Total commercial
63

 
75,343

 
79,552

 
Consumer
 
 
 
 
 
 
 
Installment
1,377

 
43,857

 
44,391

 
 
Home equity lines
504

 
23,923

 
24,255

 
 
Credit card
197

 
679

 
679

 
 
Residential mortgages
335

 
26,284

 
29,115

 
 
Total consumer
2,413

 
94,743

 
98,440

   Total loans
2,476

 
$
170,086

 
$
177,992

 
 
 
 
 
 
 
 
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, 2015
(Dollars in thousands)
Number of Loans
 
Recorded Investment
 
Unpaid Principal Balance
Originated loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
26

 
$
33,087

 
$
33,740

 
 
CRE
24

 
14,671

 
16,648

 
 
Construction
0

 

 

 
 
Total originated commercial
50

 
47,758

 
50,388

 
Consumer
 
 
 
 
 
 
 
Installment
1,223

 
36,904

 
37,250

 
 
Home equity lines
257

 
7,080

 
7,330

 
 
Credit card
212

 
717

 
717

 
 
Residential mortgages
312

 
23,905

 
26,359

 
 
Total originated consumer
2,004

 
68,606

 
71,656

   Total originated loans
2,054

 
$
116,364

 
$
122,044

Acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
1

 
7,611

 
7,611

 
 
CRE
3

 
918

 
1,044

 
 
Total acquired commercial
4

 
8,529

 
8,655

 
Consumer
 
 
 
 
 
 
 
Installment
51

 
1,117

 
1,211

 
 
Home equity lines
176

 
7,718

 
7,778

 
 
Residential mortgages
31

 
2,154

 
2,382

 
 
Total acquired consumer
258

 
10,989

 
11,371

   Total acquired loans
262

 
$
19,518

 
$
20,026

FDIC acquired loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
0

 
$

 
$

 
 
CRE
3

 
14,056

 
12,479

 
 
Construction
1

 
593

 
682

 
 
Total FDIC acquired commercial
4

 
14,649

 
13,161

 
Consumer
 
 
 
 
 
 
 
Home equity lines
81

 
10,215

 
10,281

 
 
Residential Mortgages
1

 
182

 
182

 
 
Total FDIC acquired consumer
82

 
10,397

 
10,463

   Total FDIC acquired loans
86

 
$
25,046

 
$
23,624

Total loans
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
C&I
27

 
$
40,698

 
$
41,351

 
 
CRE
30

 
29,645

 
30,171

 
 
Construction
1

 
593

 
682

 
 
Total commercial
58

 
70,936

 
72,204

 
Consumer
 
 
 
 
 
 
 
Installment
1,274

 
38,021

 
38,461

 
 
Home equity lines
514

 
25,013

 
25,389

 
 
Credit card
212

 
717

 
717

 
 
Residential mortgages
344

 
26,241

 
28,923

 
 
Total consumer
2,344

 
89,992

 
93,490

   Total loans
2,402

 
$
160,928

 
$
165,694

 
 
 
 
 
 
 
 

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, 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

 
 
 
 
 
 
 
 

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, 2016, December 31, 2015, and June 30, 2015, including TDRs that continue to accrue interest and TDRs included in nonperforming assets.
As of June 30, 2016
 
Accruing TDRs
 
Nonaccruing TDRs
 
Total
 
Total
(In thousands)
Current
 
Delinquent
 
Total
 
Current
 
Delinquent
 
Total
 
TDRs
 
Allowance
Originated loans
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 

 
 
 
 
 

 

 
 
C&I
$
16,082

 
$
969

 
$
17,051

 
$
13,068

 
$
6,531

 
$
19,599

 
$
36,650

 
$
4,917

CRE
8,851

 
93

 
8,944

 
111

 
10,950

 
11,061

 
20,005

 
5

Construction

 

 

 

 

 

 

 

Total originated commercial
24,933

 
1,062

 
25,995

 
13,179

 
17,481

 
30,660

 
56,655

 
4,922

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
39,255

 
1,064

 
40,319

 
1,718

 
235

 
1,953

 
42,272

 
1,149

Home equity lines
7,017

 
79

 
7,096

 
778

 

 
778

 
7,874

 
169

Credit card
519

 
117

 
636

 

 
43

 
43

 
679

 
201

Residential mortgages
14,324

 
524

 
14,848

 
5,717

 
2,820

 
8,537

 
23,385

 
981

Total originated consumer
61,115

 
1,784

 
62,899

 
8,213

 
3,098

 
11,311

 
74,210

 
2,500

         Total originated TDRs
$
86,048

 
$
2,846

 
$
88,894

 
$
21,392

 
$
20,579

 
$
41,971

 
$
130,865

 
$
7,422

Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$

CRE
2,720

 

 
2,720

 
2,151

 
127

 
2,278

 
4,998

 
156

Construction

 

 

 

 

 

 

 

Total acquired commercial
2,720

 

 
2,720

 
2,151

 
127

 
2,278

 
4,998

 
156

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
1,142

 
223

 
1,365

 
220

 

 
220

 
1,585

 
86

Home equity lines
6,820

 
583

 
7,403

 
117

 

 
117

 
7,520

 
115

Residential mortgages
2,259

 

 
2,259

 
640

 

 
640

 
2,899

 
176

Total acquired consumer
10,221

 
806

 
11,027

 
977

 

 
977

 
12,004

 
377

    Total acquired TDRs
$
12,941

 
$
806

 
$
13,747

 
$
3,128

 
$
127

 
$
3,255

 
$
17,002

 
$
533

FDIC acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$

CRE

 

 

 

 
13,124

 
13,124

 
13,124

 
2,236

Construction

 

 

 
566

 

 
566

 
566

 
25

Total FDIC acquired commercial

 

 

 
566

 
13,124

 
13,690

 
13,690

 
2,261

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity lines
8,392

 
87

 
8,479

 
50

 

 
50

 
8,529

 
21

Residential mortgages

 

 

 

 

 

 

 

Total FDIC acquired consumer
8,392

 
87

 
8,479

 
50

 

 
50

 
8,529

 
21

    Total FDIC acquired TDRs
$
8,392

 
$
87

 
$
8,479

 
$
616

 
$
13,124

 
$
13,740

 
$
22,219

 
$
2,282

Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
16,082

 
$
969

 
$
17,051

 
$
13,068

 
$
6,531

 
$
19,599

 
$
36,650

 
$
4,917

CRE
11,571

 
93

 
11,664

 
2,262

 
24,201

 
26,463

 
38,127

 
2,397

Construction

 

 

 
566

 

 
566

 
566

 
25

Total commercial
27,653

 
1,062

 
28,715

 
15,896

 
30,732

 
46,628

 
75,343

 
7,339

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
40,397

 
1,287

 
41,684

 
1,938

 
235

 
2,173

 
43,857

 
1,235

Home equity lines
22,229

 
749

 
22,978

 
945

 

 
945

 
23,923

 
305

Credit card
519

 
117

 
636

 

 
43

 
43

 
679

 
201

Residential mortgages
16,583

 
524

 
17,107

 
6,357

 
2,820

 
9,177

 
26,284

 
1,157

Total consumer
79,728

 
2,677

 
82,405

 
9,240

 
3,098

 
12,338

 
94,743

 
2,898

Total TDRs
$
107,381

 
$
3,739

 
$
111,120

 
$
25,136

 
$
33,830

 
$
58,966

 
$
170,086

 
$
10,237

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


As of December 31, 2015
 
Accruing TDRs
 
Nonaccruing TDRs
 
Total
 
Total
(In thousands)
Current
 
Delinquent
 
Total
 
Current
 
Delinquent
 
Total
 
TDRs
 
Allowance
Originated loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
22,566

 
$
107

 
$
22,673

 
$
4,229

 
$
6,185

 
$
10,414

 
$
33,087

 
$
6,052

CRE
10,271

 
2,247

 
12,518

 
746

 
1,407

 
2,153

 
14,671

 
20

Construction

 

 

 

 

 

 

 

Total originated commercial
32,837

 
2,354

 
35,191

 
4,975

 
7,592

 
12,567

 
47,758

 
6,072

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
34,902

 
794

 
35,696

 
1,125

 
83

 
1,208

 
36,904

 
1,009

Home equity lines
6,511

 
114

 
6,625

 
399

 
56

 
455

 
7,080

 
188

Credit card
575

 
140

 
715

 

 
2

 
2

 
717

 
243

Residential mortgages
12,869

 
2,896

 
15,765

 
4,611

 
3,529

 
8,140

 
23,905

 
944

Total originated consumer
54,857

 
3,944

 
58,801

 
6,135

 
3,670

 
9,805

 
68,606

 
2,384

         Total originated TDRs
$
87,694

 
$
6,298

 
$
93,992

 
$
11,110

 
$
11,262

 
$
22,372

 
$
116,364

 
$
8,456

Acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
7,611

 
$

 
$
7,611

 
$

 
$

 
$

 
$
7,611

 
$

CRE

 

 

 
659

 
259

 
918

 
918

 
201

Total acquired commercial
7,611

 

 
7,611

 
659

 
259

 
918

 
8,529

 
201

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
967

 
126

 
1,093

 
14

 
10

 
24

 
1,117

 
45

Home equity lines
6,941

 
655

 
7,596

 
122

 

 
122

 
7,718

 
70

Residential mortgages
1,096

 
256

 
1,352

 
802

 

 
802

 
2,154

 

Total acquired consumer
9,004

 
1,037

 
10,041

 
938

 
10

 
948

 
10,989

 
115

    Total acquired TDRs
$
16,615

 
$
1,037

 
$
17,652

 
$
1,597

 
$
269

 
$
1,866

 
$
19,518

 
$
316

FDIC acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$

CRE

 
14,056

 
14,056

 

 

 

 
14,056

 
2,333

Construction
593

 

 
593

 

 

 

 
593

 

Total FDIC acquired commercial
593

 
14,056

 
14,649

 

 

 

 
14,649

 
2,333

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity lines
10,065

 
70

 
10,135

 
6

 
74

 
80

 
10,215

 
23

Residential mortgages
182

 

 
182

 

 

 

 
182

 

Total FDIC acquired consumer
10,247

 
70

 
10,317

 
6

 
74

 
80

 
10,397

 
23

    Total FDIC acquired TDRs
$
10,840

 
$
14,126

 
$
24,966

 
$
6

 
$
74

 
$
80

 
$
25,046

 
$
2,356

Total Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
$
30,177

 
$
107

 
$
30,284

 
$
4,229

 
$
6,185

 
$
10,414

 
$
40,698

 
$
6,052

CRE
10,271

 
16,303

 
26,574

 
1,405

 
1,666

 
3,071

 
29,645

 
2,554

Construction
593

 

 
593

 

 

 

 
593

 

Total commercial
41,041

 
16,410

 
57,451

 
5,634

 
7,851

 
13,485

 
70,936

 
8,606

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment
35,869

 
920

 
36,789

 
1,139

 
93

 
1,232

 
38,021

 
1,054

Home equity lines
23,517

 
839

 
24,356

 
527

 
130

 
657

 
25,013

 
281

Credit card
575

 
140

 
715

 

 
2

 
2

 
717

 
243

Residential mortgages
14,147

 
3,152

 
17,299

 
5,413

 
3,529

 
8,942

 
26,241

 
944

Total consumer
74,108

 
5,051

 
79,159

 
7,079

 
3,754

 
10,833

 
89,992

 
2,522

Total TDRs
$
115,149

 
$
21,461

 
$
136,610

 
$
12,713

 
$
11,605

 
$
24,318

 
$
160,928

 
$
11,128

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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, 2016 and June 30, 2015, as well as the amount defaulted in these restructured loans.
 
Three Months Ended June 30, 2016
(Dollars in thousands)
Number of Loans
 
Amount Defaulted
Originated loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total originated commercial
0
 
$

Consumer
 
 
 
Installment
2

 
$
15

Home equity lines
0
 

Credit card
0
 

Residential mortgages
0
 

Total originated consumer
2

 
$
15

FDIC acquired loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total FDIC acquired commercial
0
 
$

Acquired loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total acquired commercial
0
 
$

Consumer
 
 
 
Installment
0
 
$

Home equity lines
0
 

Residential mortgages
0
 

Total acquired consumer

 
$

Total loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total commercial
0
 
$

Consumer
 
 
 
Installment
2

 
$
15

Home equity lines
0
 

Credit card
0
 

Residential mortgages
0
 

Total consumer
2

 
$
15

Total
2

 
$
15

 
 
 
 


 
Three Months Ended June 30, 2015
(Dollars in thousands)
Number of Loans
 
Recorded Investment
Originated loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total originated commercial
0

 
$

Consumer
 
 
 
Installment
1
 
$
6

Home equity lines
0
 

Credit card
1
 
1

Residential mortgages
1
 
368

Total originated consumer
3

 
$
375

FDIC acquired loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total FDIC acquired commercial
0

 
$

Acquired loans
 
 
 
Commercial
 
 
 
C&I
0
 
$

CRE
0
 

Construction
0
 

Total acquired commercial
0

 
$

Consumer
 
 
 
Installment
1

 
$
33

Home equity lines
0
 

Residential mortgages
0
 

Total acquired consumer
1

 
$
33

Total loans
 
 
 
Commercial
 
 
 
C&I
0

 
$

CRE
0
 

Construction
0

 

Total commercial
0

 
$

Consumer
 
 
 
Installment
2

 
$
39

Home equity lines
0

 

Credit card
1

 
1

Residential mortgages
1

 
368

Total consumer
4

 
$
408

Total
4

 
$
408