Loans (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Schedule of Loan Portfolio Non-Covered and Covered PCI Loans and Non-PCI Loans

The detail of the loan portfolio as of June 30, 2015 and December 31, 2014 was as follows:

	June 30, 2015						December 31, 2014
	Non-PCI Loans		PCI Loans		Total		Non-PCI Loans		PCI Loans		Total
	(in thousands)
Non-covered loans:
Commercial and industrial	$	2,111,032	$	259,762	$	2,370,794	$	1,959,927	$	277,371	$	2,237,298
Commercial real estate:
Commercial real estate	5,771,813		928,613		6,700,426		5,053,742		978,448		6,032,190
Construction	533,281		50,257		583,538		476,094		53,869		529,963
Total commercial real estate loans	6,305,094		978,870		7,283,964		5,529,836		1,032,317		6,562,153
Residential mortgage	2,559,131		89,561		2,648,692		2,419,044		96,631		2,515,675
Consumer:
Home equity	391,793		87,234		479,027		400,136		91,609		491,745
Automobile	1,198,035		29		1,198,064		1,144,780		51		1,144,831
Other consumer	343,737		10,785		354,522		298,389		11,931		310,320
Total consumer loans	1,933,565		98,048		2,031,613		1,843,305		103,591		1,946,896
Total non-covered loans	12,908,822		1,426,241		14,335,063		11,752,112		1,509,910		13,262,022
Covered loans:
Commercial and industrial	—		1,237		1,237		—		13,813		13,813
Commercial real estate	—		82,723		82,723		—		128,691		128,691
Construction	—		2,530		2,530		—		3,171		3,171
Residential mortgage	—		55,389		55,389		—		60,697		60,697
Consumer	—		3,352		3,352		—		5,519		5,519
Total covered loans	—		145,231		145,231		—		211,891		211,891
Total loans	$	12,908,822	$	1,571,472	$	14,480,294	$	11,752,112	$	1,721,801	$	13,473,913

Changes in Accretable Yield for Covered Loans

The following table presents changes in the accretable yield for PCI loans 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
	(in thousands)
Balance, beginning of period	$	309,858		$	209,865		$	336,208		$	223,799
Accretion	(27,757		)	(17,509		)	(54,107		)	(31,443		)
Net decrease in expected cash flows	—			(70,014		)	—			(70,014		)
Balance, end of period	$	282,101		$	122,342		$	282,101		$	122,342

Changes in FDIC Loss-Share Receivable

Changes in the FDIC loss-share receivable for the three and six months ended June 30, 2015 and 2014 were as follows: 

	Three Months Ended June 30,					Six Months Ended June 30,
	2015		2014			2015			2014
	(in thousands)
Balance, beginning of the period	$	7,608	$	31,257		$	13,848		$	32,757
Discount accretion of the present value at the acquisition dates	44		12			87			23
Effect of additional cash flows on covered loans (prospective recognition)	—		(2,104		)	(4,072		)	(3,960		)
Decrease in the provision for losses on covered loans	—		(4,417		)	—			(4,417		)
Other reimbursable expenses	314		990			412			1,503
Payments to/reimbursements from the FDIC	201		(2,859		)	(1,753		)	(4,283		)
Other	237		(2,192		)	(118		)	(936		)
Balance, end of the period	$	8,404	$	20,687		$	8,404		$	20,687

Past Due, Non-Accrual and Current Non-Covered Loans by Loan Portfolio Class

The following table presents past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis, and non-performing loans held for sale) by loan portfolio class at June 30, 2015 and December 31, 2014:

	Past Due and Non-Accrual Loans
	30-59 Days Past Due Loans		60-89 Days Past Due Loans		Accruing Loans 90 Days or More Past Due		Non-Accrual Loans		Total Past Due Loans		Current Non-PCI Loans		Total Non-PCI Loans
	(in thousands)
June 30, 2015
Commercial and industrial	$	1,080	$	475	$	226	$	9,019	$	10,800	$	2,100,232	$	2,111,032
Commercial real estate:
Commercial real estate	1,542		2,182		133		21,760		25,617		5,746,196		5,771,813
Construction	404		—		—		4,775		5,179		528,102		533,281
Total commercial real estate loans	1,946		2,182		133		26,535		30,796		6,274,298		6,305,094
Residential mortgage	4,690		1,280		3,014		17,269		26,253		2,532,878		2,559,131
Consumer loans:
Home equity	575		234		—		1,784		2,593		389,200		391,793
Automobile	1,767		305		134		—		2,206		1,195,829		1,198,035
Other consumer	98		105		26		71		300		343,437		343,737
Total consumer loans	2,440		644		160		1,855		5,099		1,928,466		1,933,565
Total	$	10,156	$	4,581	$	3,533	$	54,678	$	72,948	$	12,835,874	$	12,908,822
December 31, 2014
Commercial and industrial	$	1,630	$	1,102	$	226	$	8,467	$	11,425	$	1,948,502	$	1,959,927
Commercial real estate:
Commercial real estate	8,938		113		49		22,098		31,198		5,022,544		5,053,742
Construction	448		—		3,988		5,223		9,659		466,435		476,094
Total commercial real estate loans	9,386		113		4,037		27,321		40,857		5,488,979		5,529,836
Residential mortgage	6,200		3,575		1,063		17,760		28,598		2,390,446		2,419,044
Consumer loans:
Home equity	761		282		—		2,022		3,065		397,071		400,136
Automobile	1,902		391		126		90		2,509		1,142,271		1,144,780
Other consumer	319		91		26		97		533		297,856		298,389
Total consumer loans	2,982		764		152		2,209		6,107		1,837,198		1,843,305
Total	$	20,198	$	5,554	$	5,478	$	55,757	$	86,987	$	11,665,125	$	11,752,112

Impaired Loans

The following table presents the information about impaired loans by loan portfolio class at June 30, 2015 and December 31, 2014:

	Recorded Investment With No Related Allowance		Recorded Investment With Related Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Allowance
	(in thousands)
June 30, 2015
Commercial and industrial	$	6,728	$	18,111	$	24,839	$	30,242	$	3,724
Commercial real estate:
Commercial real estate	30,139		47,068		77,207		81,357		4,344
Construction	12,120		4,599		16,719		21,713		338
Total commercial real estate loans	42,259		51,667		93,926		103,070		4,682
Residential mortgage	7,691		15,198		22,889		24,839		1,427
Consumer loans:
Home equity	269		4,444		4,713		4,814		818
Total consumer loans	269		4,444		4,713		4,814		818
Total	$	56,947	$	89,420	$	146,367	$	162,965	$	10,651
December 31, 2014
Commercial and industrial	$	6,579	$	21,645	$	28,224	$	33,677	$	4,929
Commercial real estate:
Commercial real estate	29,784		44,713		74,497		77,007		5,342
Construction	14,502		2,299		16,801		20,694		160
Total commercial real estate loans	44,286		47,012		91,298		97,701		5,502
Residential mortgage	6,509		15,831		22,340		24,311		1,629
Consumer loans:
Home equity	235		2,911		3,146		3,247		465
Total consumer loans	235		2,911		3,146		3,247		465
Total	$	57,609	$	87,399	$	145,008	$	158,936	$	12,525

Average Recorded Investment and Interest Income Recognized on Impaired Loans

The following tables present by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2015 and 2014: 

	Three Months Ended June 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	25,530	$	211	$	34,698	$	290
Commercial real estate:
Commercial real estate	75,688		894		93,123		924
Construction	11,485		126		19,061		154
Total commercial real estate loans	87,173		1,020		112,184		1,078
Residential mortgage	22,566		249		26,473		402
Consumer loans:
Home equity	4,607		38		1,427		29
Total consumer loans	4,607		38		1,427		29
Total	$	139,876	$	1,518	$	174,782	$	1,799

	Six Months Ended June 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	26,898	$	457	$	40,707	$	659
Commercial real estate:
Commercial real estate	77,098		1,380		95,321		1,569
Construction	14,063		276		19,348		298
Total commercial real estate loans	91,161		1,656		114,669		1,867
Residential mortgage	22,206		499		26,988		662
Consumer loans:
Home equity	4,049		68		1,253		42
Total consumer loans	4,049		68		1,253		42
Total	$	144,314	$	2,680	$	183,617	$	3,230

Pre-Modification and Post-Modification Outstanding Recorded Investments

The following tables present loans by loan portfolio class modified as TDRs during the three and six months ended June 30, 2015 and 2014. The pre-modification and post-modification outstanding recorded investments disclosed in the table below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at June 30, 2015 and 2014, respectively.

	Three Months Ended June 30, 2015					Three Months Ended June 30, 2014
Troubled Debt Restructurings	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
Commercial and industrial	6	$	1,947	$	1,922	3	$	1,469	$	1,469
Commercial real estate:
Commercial real estate	3	1,562		1,573		3	689		710
Construction	1	500		1,190		1	457		457
Total commercial real estate	4	2,062		2,763		4	1,146		1,167
Residential mortgage	2	1,098		1,097		4	2,325		2,273
Consumer	1	1,081		1,079		1	132		132
Total	13	$	6,188	$	6,861	12	$	5,072	$	5,041

	Six Months Ended June 30, 2015					Six Months Ended June 30, 2014
Troubled Debt Restructurings	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
Commercial and industrial	12	$	3,531	$	3,412	7	$	7,682	$	7,056
Commercial real estate:
Commercial real estate	4	6,562		6,573		10	16,596		15,641
Construction	1	500		1,190		3	5,784		5,782
Total commercial real estate	5	7,062		7,763		13	22,380		21,423
Residential mortgage	3	1,378		1,373		4	2,325		2,323
Consumer	1	1,081		1,079		1	132		132
Total	21	$	13,052	$	13,627	25	$	32,519	$	30,934

Risk Category of Loans

The following table presents the risk category of loans (excluding PCI loans) by class of loans based on the most recent analysis performed at June 30, 2015 and December 31, 2014. 

Credit exposure - by internally assigned risk rating	Pass		Special Mention		Substandard		Doubtful		Total Non-PCI Loans
	(in thousands)
June 30, 2015
Commercial and industrial	$	2,001,803	$	63,578	$	45,651	$	—	$	2,111,032
Commercial real estate	5,615,035		47,022		109,756		—		5,771,813
Construction	515,119		1,022		14,963		2,177		533,281
Total	$	8,131,957	$	111,622	$	170,370	$	2,177	$	8,416,126
December 31, 2014
Commercial and industrial	$	1,865,472	$	50,453	$	44,002	$	—	$	1,959,927
Commercial real estate	4,903,185		40,232		110,325		—		5,053,742
Construction	455,145		1,923		16,482		2,544		476,094
Total	$	7,223,802	$	92,608	$	170,809	$	2,544	$	7,489,763

Recorded Investment in Loan Classes Based on Payment Activity

The following table presents the recorded investment in PCI loans by class based on individual loan payment activity as of June 30, 2015 and December 31, 2014.

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total PCI Loans
	(in thousands)
June 30, 2015
Commercial and industrial	$	249,905	$	11,094	$	260,999
Commercial real estate	997,614		13,722		1,011,336
Construction	51,875		912		52,787
Residential mortgage	142,068		2,882		144,950
Consumer	97,209		4,191		101,400
Total	$	1,538,671	$	32,801	$	1,571,472
December 31, 2014
Commercial and industrial	$	272,027	$	19,157	$	291,184
Commercial real estate	1,091,784		15,355		1,107,139
Construction	52,802		4,238		57,040
Residential mortgage	153,789		3,539		157,328
Consumer	103,686		5,424		109,110
Total	$	1,674,088	$	47,713	$	1,721,801

The following table presents the recorded investment in those loan classes based on payment activity as of June 30, 2015 and December 31, 2014:

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total Non-PCI Loans
	(in thousands)
June 30, 2015
Residential mortgage	$	2,541,862	$	17,269	$	2,559,131
Home equity	390,009		1,784		391,793
Automobile	1,198,035		—		1,198,035
Other consumer	343,666		71		343,737
Total	$	4,473,572	$	19,124	$	4,492,696
December 31, 2014
Residential mortgage	$	2,401,284	$	17,760	$	2,419,044
Home equity	398,114		2,022		400,136
Automobile	1,144,690		90		1,144,780
Other consumer	298,292		97		298,389
Total	$	4,242,380	$	19,969	$	4,262,349