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Loans and Loans Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Composition of Loans
The following table indicates the composition of the loans as of the dates presented:
(dollars in thousands)
June 30, 2014
 
December 31, 2013
Commercial

 

Commercial real estate
$
1,636,383

 
$
1,607,756

Commercial and industrial
922,191

 
842,449

Commercial construction
188,311

 
143,675

Total Commercial Loans
2,746,885

 
2,593,880

Consumer

 

Residential mortgage
492,589

 
487,092

Home equity
416,226

 
414,195

Installment and other consumer
65,838

 
67,883

Consumer construction
3,541

 
3,149

Total Consumer Loans
978,194

 
972,319

Total Portfolio Loans
3,725,079

 
3,566,199

Loans held for sale
3,102

 
2,136

Total Loans
$
3,728,181

 
$
3,568,335
Restructured Loans for Periods Presented
The following table summarizes the restructured loans as of the dates presented:
 
June 30, 2014
 
December 31, 2013
(dollars in thousands)
Accruing
TDRs
Nonaccruing
TDRs
Total
TDRs
 
Accruing
TDRs
Nonaccruing
TDRs
Total
TDRs
Commercial real estate
$
16,934

$
1,431

$
18,365

 
$
19,711

$
3,898

$
23,609

Commercial and industrial
7,390

1,170

8,560

 
7,521

1,884

9,405

Commercial construction
6,310

1,869

8,179

 
5,338

2,708

8,046

Residential mortgage
2,647

645

3,292

 
2,581

1,356

3,937

Home equity
3,712

125

3,837

 
3,924

218

4,142

Installment and other consumer
127

1

128

 
154

3

157

Total
$
37,120

$
5,241

$
42,361

 
$
39,229

$
10,067

$
49,296
Restructured Loans for Periods Stated
The following tables present the restructured loans for the three and six month periods ended June 30, 2014 and June 30, 2013:
 
Three Months Ended June 30, 2014

Three Months Ended June 30, 2013
(dollars in thousands)
Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment

Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment
Commercial real estate









Principal forgiveness (3)
—

$
—

$
—

$
—


1
$
4,339

$
4,339

$
—

Principal deferral
1
129

127

(2
)

—
—

—

—

Chapter 7 bankruptcy(2)
—
—

—

—


4
53

51

(2
)
Commercial and industrial












Maturity date extension
—
—

—

—


1
751

751

—

Residential mortgage















Chapter 7 bankruptcy(2)
1
52

52

—


2
84

75

(9
)
Home equity












Chapter 7 bankruptcy(2)
4
43

41

(2
)

17
486

478

(8
)
Installment and other consumer












Chapter 7 bankruptcy(2)
1
9

9

—


—

—

—

—

Total by Concession Type












Principal forgiveness  (3)
—

—

—

—


1
4,339

4,339

—

Principal deferral
1
129

127

(2
)

—
—

—

—

Chapter 7 bankruptcy(2)
6
104

102

(2
)

23
623

604

(19
)
Maturity date extension
—
—

—

—


1
751

751

—

Total
7
$
233

$
229

$
4


25
5,713

5,694

(19
)
(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
(3) This loan had debt forgiveness of $0.l million to the customer; however, the loan was previously charged off to a balance below the actual contractual balance.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
(dollars in thousands)
Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment

Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment
Commercial real estate
 
 
 
 
 
 
 
 
 
Principal deferral
1

$
129

$
127

$
(2
)
 
3

$
1,541

$
1,288

$
(253
)
Principal forgiveness(3)
—

—

—

—

 
1

4,339

4,339

—

Chapter 7 bankruptcy(2)
—

—

—

—

 
7

258

255

(3
)
Commercial and industrial
 
 
 
 
 
 
 
 
 
Principal deferral
—

—

—

—

 
1

392

387

(5
)
Maturity date extension
—

—

—

—

 
1

751

751

—

Chapter 7 bankruptcy(2)
1

287

286

(1
)
 
1

3

3

—

Commercial Construction
 
 
 
 
 
 
 
 
 
Maturity date extension
1

1,019

1,019

—

 
—

—

—

—

Residential mortgage
 
 
 
 
 
 
 
 
 
Principal deferral
—

—

—

—

 
2

153

153

—

Chapter 7 bankruptcy(2)
5

329

327

(2
)
 
8

353

344

(9
)
Home equity
 
 
 
 
 
 
 
 
 
Principal deferral
—

—

—

—

 
1

174

45

(129
)
Chapter 7 bankruptcy(2)
10

269

251

(18
)
 
23

648

640

(8
)
Installment and other consumer
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
1

9

9

—

 
6

73

73

—

Total by Concession Type
 
 
 
 
 
 
 
 
 
Principal deferral
1

129

127

(2
)
 
7

2,260

1,873

(387
)
Principal forgiveness(3)
—

—

—

—

 
1

4,339

4,339

—

Maturity date extension
1

1,019

1,019

—

 
1

751

751

—

Chapter 7 bankruptcy(2)
17

894

873

(21
)
 
45

1,335

1,315

(20
)
Total
19

$
2,042

$
2,019

$
(23
)
 
54

$
8,685

8,278

(407
)
(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
(3) This loan had debt forgiveness of $0.l million to the customer; however, the loan was previously charged off to a balance below the actual contractual balance.
Summary of Nonperforming Assets of Defaulted TDRs
The following tables present a summary of TDRs which defaulted during the periods presented that had been restructured within the last twelve months prior to defaulting:
 
Defaulted TDRs
 
For the Three Months ended June 30, 2014

For the Three Months ended June 30, 2013
(dollars in thousands)
Number of
Defaults

Recorded
Investment


Number of
Defaults

Recorded
Investment

Commercial real estate
—

$
—


$
—

$
—

Commercial and Industrial
—

—


—

—

Commercial construction
—

—


—

—

Residential real estate
—

—


2

46

Home equity
—

—


2

33

Total
—

$
—


$
4

$
79

 
 
 
 
 
 
 
Defaulted TDRs
 
For the Six Months Ended
June 30, 2014
 
For the Six Months Ended
June 30, 2013
(dollars in thousands)
Number of
Defaults

Recorded
Investment

 
Number of
Defaults

Recorded
Investment

Commercial real estate
—

$
—

 
$
—

$
—

Commercial and Industrial
—

—

 
—

—

Commercial construction
—

—

 
—

—

Residential real estate
1

72

 
3

64

Home equity
—

—

 
4

151

Total
1

$
72

 
$
7

$
215
Summary of Nonperforming Assets
The following table is a summary of nonperforming assets as of the dates presented:
 
Nonperforming Assets
(dollars in thousands)
June 30, 2014
 
December 31, 2013
Nonperforming Assets

 

Nonaccrual loans
$
9,698

 
$
12,387

Nonaccrual TDRs
5,241

 
10,067

Total nonaccrual loans
14,939

 
22,454

OREO
431

 
410

Total Nonperforming Assets
$
15,370

 
$
22,864