XML 42 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Summary of Allowance for Credit Losses
The following table summarizes the allowance for credit losses at March 31, 2017 and December 31, 2016: 
 
March 31,
2017
 
December 31,
2016
 
(in thousands)
Components of allowance for credit losses:
 
 
 
Allowance for loan losses
$
115,443

 
$
114,419

Allowance for unfunded letters of credit
2,253

 
2,185

Total allowance for credit losses
$
117,696

 
$
116,604
Summary of Provision for Credit Losses
The following table summarizes the provision for credit losses for the periods indicated:
 
Three Months Ended
March 31,
 
2017
 
2016
 
(in thousands)
Components of provision for credit losses:
 
 
 
Provision for loan losses
$
2,402

 
$
729

Provision for unfunded letters of credit
68

 
71

Total provision for credit losses
$
2,470

 
$
800
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, 2017 and 2016:
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Unallocated
 
Total
 
(in thousands)
Three Months Ended
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
50,820

 
$
55,851

 
$
3,702

 
$
4,046

 
$
—

 
$
114,419

Loans charged-off
(1,714
)
 
(414
)
 
(130
)
 
(1,121
)
 
—

 
(3,379
)
Charged-off loans recovered
848

 
142

 
448

 
563

 
—

 
2,001

Net (charge-offs) recoveries
(866
)
 
(272
)
 
318

 
(558
)
 
—

 
(1,378
)
Provision for loan losses
1,334

 
723

 
(428
)
 
773

 


 
2,402

Ending balance
$
51,288

 
$
56,302

 
$
3,592

 
$
4,261

 
$
—

 
$
115,443

Three Months Ended
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,767

 
$
48,006

 
$
4,625

 
$
4,780

 
$
—

 
$
106,178

Loans charged-off
(1,251
)
 
(105
)
 
(81
)
 
(1,074
)
 
—

 
(2,511
)
Charged-off loans recovered
526

 
89

 
15

 
389

 
—

 
1,019

Net (charge-offs) recoveries
(725
)
 
(16
)
 
(66
)
 
(685
)
 
—

 
(1,492
)
Provision for loan losses
375

 
464

 
(350
)
 
240

 
—

 
729

Ending balance
$
48,417

 
$
48,454

 
$
4,209

 
$
4,335

 
$
—

 
$
105,415
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, 2017 and December 31, 2016. 
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Total
 
(in thousands)
March 31, 2017
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,688

 
$
3,376

 
$
686

 
$
93

 
$
9,843

Collectively evaluated for impairment
45,600

 
52,926

 
2,906

 
4,168

 
105,600

Total
$
51,288

 
$
56,302

 
$
3,592

 
$
4,261

 
$
115,443

Loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
30,061

 
$
60,083

 
$
18,557

 
$
3,784

 
$
112,485

Collectively evaluated for impairment
2,368,094

 
8,649,408

 
2,555,789

 
2,109,021

 
15,682,312

Loans acquired with discounts related to credit quality
244,165

 
1,142,780

 
171,101

 
96,655

 
1,654,701

Total
$
2,642,320

 
$
9,852,271

 
$
2,745,447

 
$
2,209,460

 
$
17,449,498

December 31, 2016
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,864

 
$
3,872

 
$
725

 
$
70

 
$
10,531

Collectively evaluated for impairment
44,956

 
51,979

 
2,977

 
3,976

 
103,888

Total
$
50,820

 
$
55,851

 
$
3,702

 
$
4,046

 
$
114,419

Loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
30,640

 
$
62,289

 
$
18,356

 
$
3,534

 
$
114,819

Collectively evaluated for impairment
2,326,378

 
8,276,305

 
2,665,839

 
2,081,260

 
15,349,782

Loans acquired with discounts related to credit quality
281,177

 
1,206,019

 
183,723

 
100,583

 
1,771,502

Total
$
2,638,195

 
$
9,544,613

 
$
2,867,918

 
$
2,185,377

 
$
17,236,103