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Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Summary of Allowance for Credit Losses
The following table summarizes the allowance for credit losses at March 31, 2015 and December 31, 2014
 
March 31,
2015
 
December 31,
2014
 
(in thousands)
Components of allowance for credit losses:
 
 
 
Allowance for non-covered loans
$
102,431

 
$
102,153

Allowance for covered loans
200

 
200

Total allowance for loan losses
102,631

 
102,353

Allowance for unfunded letters of credit
1,934

 
1,934

Total allowance for credit losses
$
104,565

 
$
104,287

Summary of Provision for Credit Losses
The following table summarizes the provision for credit losses for the periods indicated:
 
Three Months Ended
March 31,
 
2015
 
2014
 
(in thousands)
Components of provision for credit losses:
 
 
 
Provision for non-covered loans
$

 
$
4,949

Provision for covered loans

 

Total provision for loan losses

 
4,949

Provision for unfunded letters of credit

 
(951
)
Total provision for credit losses
$

 
$
3,998

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 months ended March 31, 2015 and 2014:
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
Three Months Ended
March 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
43,676

 
$
42,840

 
$
5,093

 
$
5,179

 
$
5,565

 
$
102,353

Loans charged-off (1)
(753
)
 
(150
)
 
(49
)
 
(714
)
 

 
(1,666
)
Charged-off loans recovered
1,051

 
460

 
114

 
319

 

 
1,944

Net recoveries (charge-offs)
298

 
310

 
65

 
(395
)
 

 
278

Provision for loan losses
919

 
(1,494
)
 
(1,066
)
 
188

 
1,453

 

Ending balance
$
44,893

 
$
41,656

 
$
4,092

 
$
4,972

 
$
7,018

 
$
102,631

Three Months Ended
March 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
51,551

 
$
42,343

 
$
7,786

 
$
4,359

 
$
7,578

 
$
113,617

Loans charged-off (1)
(8,614
)
 
(4,490
)
 
(63
)
 
(1,072
)
 

 
(14,239
)
Charged-off loans recovered
544

 
1,337

 
79

 
422

 

 
2,382

Net charge-offs
(8,070
)
 
(3,153
)
 
16

 
(650
)
 

 
(11,857
)
Provision for loan losses
6,451

 
(808
)
 
(823
)
 
398

 
(269
)
 
4,949

Ending balance
$
49,932

 
$
38,382

 
$
6,979

 
$
4,107

 
$
7,309

 
$
106,709


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 March 31, 2015 and December 31, 2014. 
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
4,824

 
$
5,926

 
$
1,432

 
$
764

 
$

 
$
12,946

Collectively evaluated for impairment
39,899

 
35,730

 
2,630

 
4,208

 
7,018

 
89,485

Loans acquired with discounts related to credit quality
170

 

 
30

 

 

 
200

Total
$
44,893

 
$
41,656

 
$
4,092

 
$
4,972

 
$
7,018

 
$
102,631

Loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
27,879

 
$
96,718

 
$
22,094

 
$
4,521

 
$

 
$
151,212

Collectively evaluated for impairment
2,066,395

 
5,529,553

 
2,473,733

 
1,864,386

 

 
11,934,067

Loans acquired with discounts related to credit quality
273,653

 
1,121,616

 
152,184

 
101,729

 

 
1,649,182

Total
$
2,367,927

 
$
6,747,887

 
$
2,648,011

 
$
1,970,636

 
$

 
$
13,734,461

December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
4,929

 
$
5,502

 
$
1,629

 
$
465

 
$

 
$
12,525

Collectively evaluated for impairment
38,577

 
37,338

 
3,434

 
4,714

 
5,565

 
89,628

Loans acquired with discounts related to credit quality
170

 

 
30

 

 

 
200

Total
$
43,676

 
$
42,840

 
$
5,093

 
$
5,179

 
$
5,565

 
$
102,353

Loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
28,224

 
$
91,298

 
$
22,340

 
$
3,146

 
$

 
$
145,008

Collectively evaluated for impairment
1,931,703

 
5,438,538

 
2,396,704

 
1,840,159

 

 
11,607,104

Loans acquired with discounts related to credit quality
291,184

 
1,164,179

 
157,328

 
109,110

 

 
1,721,801

Total
$
2,251,111

 
$
6,694,015

 
$
2,576,372

 
$
1,952,415

 
$

 
$
13,473,913