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Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows:
 
June 30,
2015
 
December 31, 2014
 
(in thousands)
Real-estate - commercial mortgage
$
5,237,800

 
$
5,197,155

Commercial - industrial, financial and agricultural
3,806,699

 
3,725,567

Real-estate - home equity
1,689,688

 
1,736,688

Real-estate - residential mortgage
1,369,103

 
1,377,068

Real-estate - construction
731,925

 
690,601

Consumer
272,494

 
265,431

Leasing and other
147,960

 
127,562

Overdrafts
2,642

 
4,021

Loans, gross of unearned income
13,258,311

 
13,124,093

Unearned income
(14,081
)
 
(12,377
)
Loans, net of unearned income
$
13,244,230

 
$
13,111,716
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses:
 
June 30,
2015
 
December 31,
2014
 
(in thousands)
Allowance for loan losses
$
167,485

 
$
184,144

Reserve for unfunded lending commitments
1,968

 
1,787

Allowance for credit losses
$
169,453

 
$
185,931
Activity in the Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses:
 
Three months ended June 30
 
Six months ended June 30
 
2015
 
2014
 
2015
 
2014
 
(in thousands)
Balance at beginning of period
$
179,658

 
$
199,006

 
$
185,931

 
$
204,917

Loans charged off
(15,372
)
 
(11,476
)
 
(21,136
)
 
(21,744
)
Recoveries of loans previously charged off
2,967

 
2,412

 
6,158

 
4,269

Net loans charged off
(12,405
)
 
(9,064
)
 
(14,978
)
 
(17,475
)
Provision for credit losses
2,200

 
3,500

 
(1,500
)
 
6,000

Balance at end of period
$
169,453

 
$
193,442

 
$
169,453

 
$
193,442


The following table presents the activity in the allowance for loan losses by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing
and other
and
overdrafts
 
Unallocated
 
Total
 
(in thousands)
Three months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2015
$
52,860

 
$
57,150

 
$
23,481

 
$
23,235

 
$
8,487

 
$
2,527

 
$
1,653

 
$
8,308

 
$
177,701

Loans charged off
(1,642
)
 
(11,166
)
 
(870
)
 
(783
)
 
(87
)
 
(357
)
 
(467
)
 
—

 
(15,372
)
Recoveries of loans previously charged off
451

 
1,471

 
189

 
187

 
231

 
368

 
70

 
—

 
2,967

Net loans charged off
(1,191
)
 
(9,695
)
 
(681
)
 
(596
)
 
144

 
11

 
(397
)
 
—

 
(12,405
)
Provision for loan losses (1)
(989
)
 
1,715

 
(294
)
 
148

 
(882
)
 
70

 
359

 
2,062

 
2,189

Balance at June 30, 2015
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485

Three months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2014
$
53,757

 
$
50,563

 
$
32,460

 
$
33,329

 
$
9,842

 
$
3,324

 
$
2,011

 
$
11,803

 
$
197,089

Loans charged off
(2,141
)
 
(5,512
)
 
(1,234
)
 
(1,089
)
 
(218
)
 
(449
)
 
(833
)
 
—

 
(11,476
)
Recoveries of loans previously charged off
430

 
775

 
177

 
108

 
158

 
402

 
362

 
—

 
2,412

Net loans charged off
(1,711
)
 
(4,737
)
 
(1,057
)
 
(981
)
 
(60
)
 
(47
)
 
(471
)
 
—

 
(9,064
)
Provision for loan losses (1)
(2,204
)
 
3,258

 
638

 
396

 
1,549

 
29

 
311

 
(317
)
 
3,660

Balance at June 30, 2014
$
49,842

 
$
49,084

 
$
32,041

 
$
32,744

 
$
11,331

 
$
3,306

 
$
1,851

 
$
11,486

 
$
191,685

Six months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
53,493

 
$
51,378

 
$
28,271

 
$
29,072

 
$
9,756

 
$
3,015

 
$
1,799

 
$
7,360

 
$
184,144

Loans charged off
(2,351
)
 
(13,029
)
 
(1,638
)
 
(2,064
)
 
(87
)
 
(1,137
)
 
(830
)
 
—

 
(21,136
)
Recoveries of loans previously charged off
887

 
2,257

 
440

 
346

 
1,378

 
609

 
241

 
—

 
6,158

Net loans charged off
(1,464
)
 
(10,772
)
 
(1,198
)
 
(1,718
)
 
1,291

 
(528
)
 
(589
)
 
—

 
(14,978
)
Provision for loan losses (1)
(1,349
)
 
8,564

 
(4,567
)
 
(4,567
)
 
(3,298
)
 
121

 
405

 
3,010

 
(1,681
)
Balance at June 30, 2015
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485

Six months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
$
55,659

 
$
50,330

 
$
28,222

 
$
33,082

 
$
12,649

 
$
3,260

 
$
3,370

 
$
16,208

 
$
202,780

Loans charged off
(3,527
)
 
(10,637
)
 
(2,885
)
 
(1,935
)
 
(432
)
 
(1,200
)
 
(1,128
)
 
—

 
(21,744
)
Recoveries of loans previously charged off
474

 
1,519

 
533

 
224

 
382

 
611

 
526

 
—

 
4,269

Net loans charged off
(3,053
)
 
(9,118
)
 
(2,352
)
 
(1,711
)
 
(50
)
 
(589
)
 
(602
)
 
—

 
(17,475
)
Provision for loan losses (1)
(2,764
)
 
7,872

 
6,171

 
1,373

 
(1,268
)
 
635

 
(917
)
 
(4,722
)
 
6,380

Balance at June 30, 2014
$
49,842

 
$
49,084

 
$
32,041

 
$
32,744

 
$
11,331

 
$
3,306

 
$
1,851

 
$
11,486

 
$
191,685


(1)
The provision for loan losses excluded an $11,000 and $181,000 increase, respectively, in the reserve for unfunded lending commitments for the three and six months ended June 30, 2015 and a $160,000 and $380,000 decrease, respectively, in the reserve for unfunded lending commitments for the three and six months ended June 30, 2014. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $2.2 million and negative $1.5 million, respectively, for the three and six months ended June 30, 2015 and $3.5 million and $6.0 million, respectively, for the three and six months ended June 30, 2014.
The following table presents loans, net of unearned income and their related allowance for loan losses, by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing
and other
and
overdrafts
 
Unallocated
(1)
 
Total
 
(in thousands)
Allowance for loan losses at June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
37,228

 
$
38,090

 
$
15,838

 
$
8,763

 
$
5,430

 
$
2,588

 
$
1,615

 
$
10,370

 
$
119,922

Evaluated for impairment under FASB ASC Section 310-10-35
13,452

 
11,080

 
6,668

 
14,024

 
2,319

 
20

 
—

 
N/A

 
47,563

 
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,172,333

 
$
3,764,999

 
$
1,676,410

 
$
1,315,908

 
$
712,975

 
$
272,463

 
$
136,521

 
N/A

 
$
13,051,609

Evaluated for impairment under FASB ASC Section 310-10-35
65,467

 
41,700

 
13,278

 
53,195

 
18,950

 
31

 
—

 
N/A

 
192,621

 
$
5,237,800

 
$
3,806,699

 
$
1,689,688

 
$
1,369,103

 
$
731,925

 
$
272,494

 
$
136,521

 
N/A

 
$
13,244,230

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
33,388

 
$
36,603

 
$
22,234

 
$
11,450

 
$
7,163

 
$
3,285

 
$
1,851

 
$
11,486

 
$
127,460

Evaluated for impairment under FASB ASC Section 310-10-35
16,454

 
12,481

 
9,807

 
21,294

 
4,168

 
21

 
—

 
N/A

 
64,225

 
$
49,842

 
$
49,084

 
$
32,041

 
$
32,744

 
$
11,331

 
$
3,306

 
$
1,851

 
$
11,486

 
$
191,685

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,067,400

 
$
3,558,788

 
$
1,715,953

 
$
1,309,739

 
$
606,221

 
$
280,534

 
$
102,008

 
N/A

 
$
12,640,643

Evaluated for impairment under FASB ASC Section 310-10-35
61,334

 
42,933

 
14,544

 
52,237

 
27,797

 
23

 
—

 
N/A

 
198,868

 
$
5,128,734

 
$
3,601,721

 
$
1,730,497

 
$
1,361,976

 
$
634,018

 
$
280,557

 
$
102,008

 
N/A

 
$
12,839,511

 
(1)
The unallocated allowance, which was approximately 6% of the total allowance for credit losses as of both June 30, 2015 and June 30, 2014, was, in the opinion of management, reasonable and appropriate given that the estimates used in the allocation process are inherently imprecise.
N/A    Not applicable
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment:
 
June 30, 2015
 
December 31, 2014
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
29,836

 
$
24,357

 
$
—

 
$
25,802

 
$
23,236

 
$
—

Commercial - secured
24,250

 
17,557

 
—

 
17,599

 
14,582

 
—

Real estate - residential mortgage
6,630

 
6,223

 
—

 
4,873

 
4,873

 
—

Construction - commercial residential
13,581

 
10,699

 
—

 
18,041

 
14,801

 
—

Construction - commercial
1,299

 
1,156

 
—

 
1,707

 
1,581

 
—

 
75,596

 
59,992

 

 
68,022

 
59,073

 

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
49,792

 
41,110

 
13,452

 
49,619

 
40,023

 
16,715

Commercial - secured
26,694

 
21,239

 
10,020

 
24,824

 
19,335

 
12,165

Commercial - unsecured
3,062

 
2,904

 
1,060

 
1,241

 
1,089

 
865

Real estate - home equity
18,752

 
13,278

 
6,668

 
19,392

 
13,458

 
9,224

Real estate - residential mortgage
56,048

 
46,972

 
14,024

 
56,607

 
46,478

 
18,592

Construction - commercial residential
11,976

 
5,472

 
1,771

 
14,007

 
7,903

 
2,675

Construction - commercial
1,879

 
1,342

 
445

 
1,501

 
1,023

 
459

Construction - other
452

 
281

 
103

 
452

 
281

 
137

Consumer - direct
15

 
15

 
10

 
19

 
19

 
17

Consumer - indirect
16

 
16

 
10

 
20

 
19

 
18

 
168,686

 
132,629

 
47,563

 
167,682

 
129,628

 
60,867

Total
$
244,282

 
$
192,621

 
$
47,563

 
$
235,704

 
$
188,701

 
$
60,867


As of June 30, 2015 and December 31, 2014, there were $60.0 million and $59.1 million, respectively, of impaired loans that did not have a related allowance for loan loss. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or they were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary.
The following table presents average impaired loans by class segment:
 
Three months ended June 30
 
Six months ended June 30
 
2015
 
2014
 
2015
 
2014
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
27,410

 
$
87

 
$
23,162

 
$
80

 
$
26,018

 
$
178

 
$
23,606

 
166

Commercial - secured
16,163

 
24

 
21,695

 
34

 
15,636

 
45

 
21,591

 
69

Real estate - home equity
—

 
—

 
300

 
1

 
—

 
—

 
300

 
1

Real estate - residential mortgage
5,541

 
32

 
857

 
5

 
5,318

 
60

 
571

 
6

Construction - commercial residential
12,171

 
40

 
17,853

 
62

 
13,048

 
95

 
16,482

 
122

Construction - commercial
925

 
—

 
1,418

 
—

 
1,144

 
—

 
1,604

 
—

 
62,210

 
183

 
65,285

 
182

 
61,164

 
378

 
64,154

 
364

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
40,204

 
126

 
38,455

 
132

 
40,143

 
259

 
37,580

 
264

Commercial - secured
25,902

 
38

 
21,652

 
33

 
23,713

 
74

 
21,876

 
71

Commercial - unsecured
2,082

 
2

 
757

 
1

 
1,751

 
3

 
854

 
2

Real estate - home equity
13,016

 
33

 
14,049

 
28

 
13,163

 
64

 
14,145

 
48

Real estate - residential mortgage
47,020

 
270

 
51,153

 
300

 
46,839

 
543

 
51,134

 
594

Construction - commercial residential
6,031

 
21

 
7,676

 
27

 
6,655

 
49

 
9,977

 
62

Construction - commercial
960

 
—

 
723

 
—

 
981

 
—

 
547

 
—

Construction - other
281

 
—

 
413

 
—

 
281

 
—

 
458

 
—

Consumer - direct
17

 
—

 
16

 
—

 
18

 
—

 
14

 
—

Consumer - indirect
17

 
—

 
4

 
—

 
17

 
—

 
3

 
—

 
135,530

 
490

 
134,898

 
521

 
133,561

 
992

 
136,588

 
1,041

Total
$
197,740

 
$
673

 
$
200,183

 
$
703

 
$
194,725

 
$
1,370

 
$
200,742

 
1,405

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the three and six months ended June 30, 2015 and 2014 represents amounts earned on accruing TDRs.
Financing Receivable Credit Quality Indicators
The following table presents internal credit risk ratings for real estate - commercial mortgages, commercial - secured loans, commercial - unsecured loans, construction - commercial residential loans and construction - commercial loans:
 
Pass
 
Special Mention
 
Substandard or Lower
 
Total
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
(dollars in thousands)
Real estate - commercial mortgage
$
4,943,773

 
$
4,899,016

 
$
114,385

 
$
127,302

 
$
179,642

 
$
170,837

 
$
5,237,800

 
$
5,197,155

Commercial - secured
3,419,331

 
3,333,486

 
123,663

 
120,584

 
110,666

 
110,544

 
3,653,660

 
3,564,614

Commercial - unsecured
141,431

 
146,680

 
3,667

 
7,463

 
7,941

 
6,810

 
153,039

 
160,953

Total commercial - industrial, financial and agricultural
3,560,762

 
3,480,166

 
127,330

 
128,047

 
118,607

 
117,354

 
3,806,699

 
3,725,567

Construction - commercial residential
138,834

 
136,109

 
17,526

 
27,495

 
30,588

 
40,066

 
186,948

 
203,670

Construction - commercial
469,515

 
409,631

 
13,314

 
12,202

 
5,587

 
5,586

 
488,416

 
427,419

Total construction (excluding Construction - other)
608,349

 
545,740

 
30,840

 
39,697

 
36,175

 
45,652

 
675,364

 
631,089

 
$
9,112,884

 
$
8,924,922

 
$
272,555

 
$
295,046

 
$
334,424

 
$
333,843

 
$
9,719,863

 
$
9,553,811

% of Total
93.8
%
 
93.4
%
 
2.8
%
 
3.1
%
 
3.4
%
 
3.5
%
 
100.0
%
 
100.0
%

The following is a summary of the Corporation's internal risk rating categories:
•
Pass: These loans do not currently pose undue credit risk and can range from the highest to average quality, depending on the degree of potential risk.
•
Special Mention: These loans constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of substandard. Loans in this category are currently acceptable, but are nevertheless potentially weak.
•
Substandard or Lower: These loans are inadequately protected by current sound worth and paying capacity of the borrower. There exists a well-defined weakness or weaknesses that jeopardize the normal repayment of the debt.

The risk rating process allows management to identify riskier credits in a timely manner and to allocate resources to managing troubled accounts. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for the class segments presented above. The migration of loans through the various internal risk rating categories is a significant component of the allowance for credit loss methodology, which bases the probability of default on this migration. Assigning risk ratings involves judgment. Risk ratings are initially assigned to loans by loan officers and are reviewed on a regular basis by credit administration staff. The Corporation's loan review officers provide a separate assessment of risk rating accuracy. Ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff, or if specific loan review activities identify a deterioration or an improvement in the loan.

The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity, residential mortgage, consumer, lease receivables and construction loans to individuals secured by residential real estate. For these loans, the most relevant credit quality indicator is delinquency status. The migration of loans through the various delinquency status categories is a significant component of the allowance for credit losses methodology for those loans, which bases the probability of default on this migration.
The following table presents a summary of delinquency and non-performing status for home equity, real estate - residential mortgages, construction loans to individuals and consumer, leasing and other loans by class segment:
 
Performing
 
Delinquent (1)
 
Non-performing (2)
 
Total
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
June 30, 2015
 
December 31, 2014
 
(dollars in thousands)
Real estate - home equity
$
1,665,771

 
$
1,711,017

 
$
9,285

 
$
10,931

 
$
14,632

 
$
14,740

 
$
1,689,688

 
$
1,736,688

Real estate - residential mortgage
1,316,650

 
1,321,139

 
20,891

 
26,934

 
31,562

 
28,995

 
1,369,103

 
1,377,068

Construction - other
55,864

 
59,180

 
—

 
—

 
697

 
332

 
56,561

 
59,512

Consumer - direct
103,985

 
104,018

 
2,886

 
2,891

 
2,326

 
2,414

 
109,197

 
109,323

Consumer - indirect
161,201

 
153,358

 
1,839

 
2,574

 
257

 
176

 
163,297

 
156,108

Total consumer
265,186

 
257,376

 
4,725

 
5,465

 
2,583

 
2,590

 
272,494

 
265,431

Leasing and other and overdrafts
135,895

 
118,550

 
553

 
523

 
73

 
133

 
136,521

 
119,206

 
$
3,439,366

 
$
3,467,262

 
$
35,454

 
$
43,853

 
$
49,547

 
$
46,790

 
$
3,524,367

 
$
3,557,905

% of Total
97.6
%
 
97.5
%
 
1.0
%
 
1.2
%
 
1.4
%
 
1.3
%
 
100.0
%
 
100.0
%

(1)
Includes all accruing loans 31 days to 89 days past due.
(2)
Includes all accruing loans 90 days or more past due and all non-accrual loans.
Non-Performing Assets
The following table presents non-performing assets:
 
June 30,
2015
 
December 31,
2014
 
(in thousands)
Non-accrual loans
$
129,152

 
$
121,080

Accruing loans 90 days or more past due
20,353

 
17,402

Total non-performing loans
149,505

 
138,482

Other real estate owned (OREO)
12,763

 
12,022

Total non-performing assets
$
162,268

 
$
150,504
Troubled Debt Restructurings on Financing Receivables
The following table presents TDRs, by class segment:
 
June 30,
2015
 
December 31,
2014
 
(in thousands)
Real-estate - residential mortgage
$
31,584

 
$
31,308

Real-estate - commercial mortgage
17,482

 
18,822

Commercial - secured
6,417

 
5,170

Construction - commercial residential
4,482

 
9,241

Real estate - home equity
3,299

 
2,975

Commercial - unsecured
174

 
67

Consumer - indirect
16

 
19

Consumer - direct
15

 
19

Total accruing TDRs
63,469

 
67,621

Non-accrual TDRs (1)
27,230

 
24,616

Total TDRs
$
90,699

 
$
92,237

 
(1)
Included within non-accrual loans in the preceding table detailing non-performing assets
Loan Terms Modified Under Troubled Debt Restructurings
The following table presents TDRs, by class segment as of June 30, 2015 and 2014 that were modified during the three and six months ended June 30, 2015 and 2014:
 
Three months ended June 30
 
Six months ended June 30
 
2015
 
2014
 
2015
 
2014
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Commercial - secured
3
 
$
1,047

 
1
 
$
143

 
11
 
$
7,823

 
1
 
$
143

Real estate - home equity
15
 
739

 
10
 
334

 
25
 
1,231

 
20
 
863

Real estate - residential mortgage
4
 
456

 
9
 
1,130

 
8
 
1,066

 
15
 
1,836

Real estate - commercial mortgage
1
 
132

 
2
 
2,334

 
4
 
2,627

 
9
 
9,804

Construction - commercial residential
—
 
—

 
1
 
1,366

 
1
 
889

 
2
 
1,914

Commercial - unsecured
—
 
—

 
—
 
—

 
1
 
42

 
—
 
—

Consumer - indirect
—
 
—

 
1
 
6

 
1
 
13

 
4
 
7

Consumer - direct
—
 
—

 
2
 
4

 
—
 
—

 
6
 
8

Total
23
 
$
2,374

 
26
 
$
5,317

 
51
 
$
13,691

 
57
 
$
14,575


The following table presents TDRs, by class segment, as of June 30, 2015 and 2014 that were modified within the previous 12 months and had a post-modification payment default during the six months ended June 30, 2015 and 2014. The Corporation defines a payment default as a single missed payment.
 
2015
 
2014
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Commercial - secured
8
 
$
4,779

 
1
 
$
10

Real estate - residential mortgage
6
 
652

 
9
 
1,204

Real estate - home equity
7
 
614

 
9
 
777

Real estate - commercial mortgage
2
 
191

 
2
 
35

Construction - commercial residential
—
 
—

 
1
 
619

Total
23
 
$
6,236

 
22
 
$
2,645
Past due Loan Status and Non-Accrual Loans by Portfolio Segment
The following table presents past due status and non-accrual loans by portfolio segment and class segment:
 
June 30, 2015
 
31-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
16,139

 
$
1,848

 
$
1,947

 
$
47,985

 
$
49,932

 
$
67,919

 
$
5,169,881

 
$
5,237,800

Commercial - secured
6,489

 
1,463

 
730

 
32,379

 
33,109

 
41,061

 
3,612,599

 
3,653,660

Commercial - unsecured
307

 
80

 
—

 
2,730

 
2,730

 
3,117

 
149,922

 
153,039

Total commercial - industrial, financial and agricultural
6,796

 
1,543

 
730

 
35,109

 
35,839

 
44,178

 
3,762,521

 
3,806,699

Real estate - home equity
7,161

 
2,124

 
4,653

 
9,979

 
14,632

 
23,917

 
1,665,771

 
1,689,688

Real estate - residential mortgage
16,835

 
4,056

 
9,951

 
21,611

 
31,562

 
52,453

 
1,316,650

 
1,369,103

Construction - commercial residential
151

 
—

 
—

 
11,689

 
11,689

 
11,840

 
175,108

 
186,948

Construction - commercial
—

 
—

 
—

 
2,498

 
2,498

 
2,498

 
485,918

 
488,416

Construction - other
—

 
—

 
416

 
281

 
697

 
697

 
55,864

 
56,561

Total real estate - construction
151

 
—

 
416

 
14,468

 
14,884

 
15,035

 
716,890

 
731,925

Consumer - direct
2,159

 
727

 
2,326

 
—

 
2,326

 
5,212

 
103,985

 
109,197

Consumer - indirect
1,719

 
120

 
257

 
—

 
257

 
2,096

 
161,201

 
163,297

Total consumer
3,878

 
847

 
2,583

 
—

 
2,583

 
7,308

 
265,186

 
272,494

Leasing and other and overdrafts
468

 
85

 
73

 
—

 
73

 
626

 
135,895

 
136,521

Total
$
51,428

 
$
10,503

 
$
20,353

 
$
129,152

 
$
149,505

 
$
211,436

 
$
13,032,794

 
$
13,244,230

 
December 31, 2014
 
31-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
14,399

 
$
3,677

 
$
800

 
$
44,437

 
$
45,237

 
$
63,313

 
$
5,133,842

 
$
5,197,155

Commercial - secured
4,839

 
958

 
610

 
28,747

 
29,357

 
35,154

 
3,529,460

 
3,564,614

Commercial - unsecured
395

 
65

 
9

 
1,022

 
1,031

 
1,491

 
159,462

 
160,953

Total commercial - industrial, financial and agricultural
5,234

 
1,023

 
619

 
29,769

 
30,388

 
36,645

 
3,688,922

 
3,725,567

Real estate - home equity
8,048

 
2,883

 
4,257

 
10,483

 
14,740

 
25,671

 
1,711,017

 
1,736,688

Real estate - residential mortgage
18,789

 
8,145

 
8,952

 
20,043

 
28,995

 
55,929

 
1,321,139

 
1,377,068

Construction - commercial residential
160

 
—

 
—

 
13,463

 
13,463

 
13,623

 
190,047

 
203,670

Construction - commercial
—

 
—

 
—

 
2,604

 
2,604

 
2,604

 
424,815

 
427,419

Construction - other
—

 
—

 
51

 
281

 
332

 
332

 
59,180

 
59,512

Total real estate - construction
160

 
—

 
51

 
16,348

 
16,399

 
16,559

 
674,042

 
690,601

Consumer - direct
2,034

 
857

 
2,414

 
—

 
2,414

 
5,305

 
104,018

 
109,323

Consumer - indirect
2,156

 
418

 
176

 
—

 
176

 
2,750

 
153,358

 
156,108

Total consumer
4,190

 
1,275

 
2,590

 
—

 
2,590

 
8,055

 
257,376

 
265,431

Leasing and other and overdrafts
357

 
166

 
133

 
—

 
133

 
656

 
118,550

 
119,206

Total
$
51,177

 
$
17,169

 
$
17,402

 
$
121,080

 
$
138,482

 
$
206,828

 
$
12,904,888

 
$
13,111,716