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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2014
Receivables [Abstract]  
Summary of Allowance for Credit Losses
The following table summarizes the allowance for credit losses at September 30, 2014 and December 31, 2013: 
 
September 30,
2014
 
December 31,
2013
 
(in thousands)
Components of allowance for credit losses:
 
 
 
Allowance for non-covered loans
$
101,760

 
$
106,547

Allowance for covered loans
678

 
7,070

Total allowance for loan losses
102,438

 
113,617

Allowance for unfunded letters of credit
2,121

 
3,495

Total allowance for credit losses
$
104,559

 
$
117,112
Summary of Provision for Credit Losses
The following table summarizes the provision for credit losses for the periods indicated:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
Components of provision for credit losses:
 
 
 
 
 
 
 
Provision for non-covered loans
$
—

 
$
4,280

 
$
4,949

 
$
10,736

Provision for covered loans
—

 
—

 
(5,671
)
 
(2,276
)
Total provision for loan losses
—

 
4,280

 
(722
)
 
8,460

Provision for unfunded letters of credit
(423
)
 
1,054

 
(1,374
)
 
1,195

Total provision for credit losses
$
(423
)
 
$
5,334

 
$
(2,096
)
 
$
9,655
Summary of Activity in Allowance for Loan Losses
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2014 and 2013:
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
Three Months Ended
September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,421

 
$
35,267

 
$
7,018

 
$
5,368

 
$
6,979

 
$
103,053

Loans charged-off (1)
(1,852
)
 
(181
)
 
(240
)
 
(72
)
 
—

 
(2,345
)
Charged-off loans recovered
1,190

 
26

 
8

 
506

 
—

 
1,730

Net recoveries (charge-offs)
(662
)
 
(155
)
 
(232
)
 
434

 
—

 
(615
)
Provision for loan losses
(1,388
)
 
1,954

 
(610
)
 
(22
)
 
66

 
—

Ending balance
$
46,371

 
$
37,066

 
$
6,176

 
$
5,780

 
$
7,045

 
$
102,438

Three Months Ended
September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
53,732

 
$
43,179

 
$
8,521

 
$
5,084

 
$
6,928

 
$
117,444

Loans charged-off (1)
(8,556
)
 
(947
)
 
(780
)
 
(1,723
)
 
—

 
(12,006
)
Charged-off loans recovered
1,103

 
896

 
230

 
638

 
—

 
2,867

Net charge-offs
(7,453
)
 
(51
)
 
(550
)
 
(1,085
)
 
—

 
(9,139
)
Provision for loan losses
3,453

 
184

 
56

 
80

 
507

 
4,280

Ending balance
$
49,732

 
$
43,312

 
$
8,027

 
$
4,079

 
$
7,435

 
$
112,585






 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
Nine Months Ended
September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
51,551

 
$
42,343

 
$
7,786

 
$
4,359

 
$
7,578

 
$
113,617

Loans charged-off (1) (3)
(11,806
)
 
(6,703
)
 
(515
)
 
(2,311
)
 
—

 
(21,335
)
Charged-off loans recovered (2)
6,154

 
2,831

 
244

 
1,649

 
—

 
10,878

Net charge-offs
(5,652
)
 
(3,872
)
 
(271
)
 
(662
)
 
—

 
(10,457
)
Provision for loan losses
472

 
(1,405
)
 
(1,339
)
 
2,083

 
(533
)
 
(722
)
Ending balance
$
46,371

 
$
37,066

 
$
6,176

 
$
5,780

 
$
7,045

 
$
102,438

Nine Months Ended
September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
64,370

 
$
44,069

 
$
9,423

 
$
5,542

 
$
6,796

 
$
130,200

Loans charged-off (1)
(17,322
)
 
(7,329
)
 
(3,338
)
 
(4,092
)
 
—

 
(32,081
)
Charged-off loans recovered
3,043

 
961

 
368

 
1,634

 
—

 
6,006

Net charge-offs
(14,279
)
 
(6,368
)
 
(2,970
)
 
(2,458
)
 
—

 
(26,075
)
Provision for loan losses
(359
)
 
5,611

 
1,574

 
995

 
639

 
8,460

Ending balance
$
49,732

 
$
43,312

 
$
8,027

 
$
4,079

 
$
7,435

 
$
112,585

 
(1)
Includes covered loan charge-offs totaling $433 thousand and $1.2 million for the three and nine months ended September 30, 2014, respectively, and $146 thousand for the nine months ended September 30, 2013. There were no covered loan charge-offs during the third quarter of 2013.
(2)
Includes covered loan recoveries totaling $462 thousand for the nine months ended September 30, 2014. There were no covered loan recoveries for the third quarters of 2014 and 2013, or the nine months ended September 30, 2013.
(3)
The commercial and industrial loan and commercial real estate loan categories included $4.8 million and $4.0 million of charge-offs, respectively, related to the valuation of non-performing loans transferred to loans held for sale during the first quarter of 2014.
Summary of Allocation of Allowance for Loan Losses and Related Loans by Loan Portfolio Segment Disaggregated Based on Impairment Methodology
The following table represents the allocation of the allowance for loan losses and the related loans by loan portfolio segment disaggregated based on the impairment methodology at September 30, 2014 and December 31, 2013. 
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,045

 
$
6,133

 
$
3,216

 
$
446

 
$
—

 
$
14,840

Collectively evaluated for impairment
40,677

 
30,933

 
2,931

 
5,334

 
7,045

 
86,920

Loans acquired with discounts related to credit quality
649

 
—

 
29

 
—

 
—

 
678

Total
$
46,371

 
$
37,066

 
$
6,176

 
$
5,780

 
$
7,045

 
$
102,438

Loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
29,783

 
$
100,096

 
$
25,340

 
$
3,026

 
$
—

 
$
158,245

Collectively evaluated for impairment
1,911,687

 
5,303,035

 
2,397,704

 
1,765,018

 
—

 
11,377,444

Loans acquired with discounts related to credit quality
144,715

 
429,787

 
20,323

 
34,863

 
—

 
629,688

Total
$
2,086,185

 
$
5,832,918

 
$
2,443,367

 
$
1,802,907

 
$
—

 
$
12,165,377

December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
11,032

 
$
8,676

 
$
3,735

 
$
82

 
$
—

 
$
23,525

Collectively evaluated for impairment
40,007

 
27,235

 
3,928

 
4,274

 
7,578

 
83,022

Loans acquired with discounts related to credit quality
512

 
6,432

 
123

 
3

 
—

 
7,070

Total
$
51,551

 
$
42,343

 
$
7,786

 
$
4,359

 
$
7,578

 
$
113,617

Loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
47,303

 
$
114,638

 
$
28,313

 
$
1,094

 
$
—

 
$
191,348

Collectively evaluated for impairment
1,772,833

 
4,814,159

 
2,456,926

 
1,526,078

 
—

 
10,569,996

Loans acquired with discounts related to credit quality
201,197

 
543,603

 
22,349

 
39,119

 
—

 
806,268

Total
$
2,021,333

 
$
5,472,400

 
$
2,507,588

 
$
1,566,291

 
$
—

 
$
11,567,612