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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Age Analysis of Past Due Loans Segregated by Class of Loans
The following tables present the age analysis of past due loans segregated by class of loans as of June 30, 2014 and December 31, 2013:
 
June 30, 2014
(dollars in thousands)
Current
30-59 Days
Past Due
60-89 Days
Past Due
Nonaccrual
Total Past
Due
Total Loans
Commercial real estate
$
1,629,928

$
753

$
44

$
5,658

$
6,455

$
1,636,383

Commercial and industrial
918,846

559

249

2,537

3,345

922,191

Commercial construction
185,428

—

1,014

1,869

2,883

188,311

Residential mortgage
488,551

1,022

898

2,118

4,038

492,589

Home equity
412,851

1,466

478

1,431

3,375

416,226

Installment and other consumer
65,380

364

68

26

458

65,838

Consumer construction
3,541

—

—

—

—

3,541

Loans held for sale
1,802

—

—

1,300

1,300

3,102

Totals
$
3,706,327

$
4,164

$
2,751

$
14,939

$
21,854

$
3,728,181

 
 
 
 
 
 
 
 
December 31, 2013
(dollars in thousands)
Current
30-59 Days
Past Due
60-89 Days
Past Due
Nonaccrual
Total Past
Due
Total Loans
Commercial real estate
$
1,595,590

$
1,209

$
207

$
10,750

$
12,166

$
1,607,756

Commercial and industrial
836,276

2,599

278

3,296

6,173

842,449

Commercial construction
139,133

1,049

751

2,742

4,542

143,675

Residential mortgage
481,260

828

1,666

3,338

5,832

487,092

Home equity
408,777

2,468

659

2,291

5,418

414,195

Installment and other consumer
67,420

382

44

37

463

67,883

Consumer construction
3,149

—

—

—

—

3,149

Loans held for sale
2,136

—

—

—

—

2,136

Totals
$
3,533,741

$
8,535

$
3,605

$
22,454

$
34,594

$
3,568,335
Recorded Investment in Commercial Loan Classes by Internally Assigned Risk Ratings
The following tables summarize the recorded investment in commercial loan classes by internally assigned risk ratings as of the dates presented:
 
June 30, 2014
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
1,563,882

95.6
%
 
$
872,686

94.6
%
 
$
167,267

88.8
%
 
$
2,603,835

94.8
%
Special mention
45,275

2.8
%
 
33,966

3.7
%
 
12,882

6.8
%
 
92,123

3.4
%
Substandard
27,226

1.6
%
 
15,539

1.7
%
 
8,162

4.4
%
 
50,927

1.8
%
Total
$
1,636,383

100
%
 
$
922,191

100.0
%
 
$
188,311

100.0
%
 
$
2,746,885

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
1,519,720

94.5
%
 
$
792,029

94.0
%
 
$
119,177

82.9
%
 
$
2,430,926

93.7
%
Special mention
57,073

3.6
%
 
34,085

4.1
%
 
15,621

10.9
%
 
106,779

4.1
%
Substandard
30,963

1.9
%
 
16,335

1.9
%
 
8,877

6.2
%
 
56,175

2.2
%
Total
$
1,607,756

100.0
%
 
$
842,449

100.0
%
 
$
143,675

100.0
%
 
$
2,593,880

100.0
%
Recorded Investment in Consumer Loan Classes by Performing and Nonperforming Status
The following tables indicate the recorded investment in consumer loan classes by performing and nonperforming status as of the dates presented:
 
June 30, 2014
(dollars in thousands)
Residential
Mortgage
% of
Total
Home
Equity
% of
Total
Installment
and other
consumer
% of
Total
Consumer
Construction
% of
Total
Total
% of
Total
Performing
$
490,471

99.6
%
$
414,795

99.7
%
$
65,812

99.9
%
$
3,541

100.0
%
$
974,619

99.6
%
Nonperforming
2,118

0.4
%
1,431

0.3
%
26

0.1
%
—

—
%
3,575

0.4
%
Total
$
492,589

100.0
%
$
416,226

100.0
%
$
65,838

100.0
%
$
3,541

100.0
%
$
978,194

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(dollars in thousands)
Residential
Mortgage
% of
Total
Home
Equity
% of
Total
Installment
and other
consumer
% of
Total
Consumer
Construction
% of
Total
Total
% of
Total
Performing
$
483,754

99.3
%
$
411,904

99.4
%
$
67,846

99.9
%
$
3,149

100.0
%
$
966,653

99.4
%
Nonperforming
3,338

0.7
%
2,291

0.6
%
37

0.1
%
—

—
%
5,666

0.6
%
Total
$
487,092

100.0
%
$
414,195

100.0
%
$
67,883

100.0
%
$
3,149

100.0
%
$
972,319

100.0
%
Investments in Loans Considered to be Impaired and Related Information on Impaired Loans
The following tables summarize investments in loans considered to be impaired and related information on those impaired loans for the periods presented:
 
For the Three Months Ended
 
June 30, 2014
June 30, 2013
(dollars in thousands)
Average
Recorded
Investment
Interest
Income
Recognized
Average
Recorded
Investment
Interest
Income
Recognized
Without a related allowance recorded:
 
 
 
 
Commercial real estate
$
21,382

$
159

$
30,956

$
174

Commercial and industrial
9,317

57

12,452

66

Commercial construction
8,279

57

16,376

87

Consumer real estate
7,166

100

8,708

156

Other consumer
109

1

114

2

Total without a Related Allowance Recorded
46,253

374

68,606

485

With a related allowance recorded:
 
 
 
 
Commercial real estate
—

—

2,084

—

Commercial and industrial
—

—

—

—

Commercial construction
—

—

—

—

Consumer real estate
48

1

86

4

Other consumer
22

—

28

1

Total with a Related Allowance Recorded
70

1

2,198

5

Total:
 
 
 
 
Commercial real estate
21,382

159

33,040

174

Commercial and industrial
9,317

57

12,452

66

Commercial construction
8,279

57

16,376

87

Consumer real estate
7,214

101

8,794

160

Other consumer
131

1

142

3

Total
$
46,323

$
375

$
70,804

$
490

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended
 
June 30, 2014
June 30, 2013
(dollars in thousands)
Average
Recorded
Investment
Interest
Income
Recognized
Average
Recorded
Investment
Interest
Income
Recognized
Without a related allowance recorded:






Commercial real estate
$
21,980

$
329

$
31,181

$
415

Commercial and industrial
9,066

114

12,449

135

Commercial construction
8,301

114

16,854

221

Consumer real estate
7,260

203

9,194

215

Other consumer
112

2

106

2

Total without a Related Allowance Recorded
46,719

762

69,784

988

With a related allowance recorded:




Commercial real estate
$
—

$
—

3,282

$
—

Commercial and industrial
—

—

—

—

Commercial construction
—

—

—

—

Consumer real estate
50

2

43

4

Other consumer
23

1

14

1

Total with a Related Allowance Recorded
73

3

3,339

5

Total:




Commercial real estate
21,980

329

34,463

415

Commercial and industrial
9,066

114

12,449

135

Commercial construction
8,301

114

16,854

221

Consumer real estate
7,310

205

9,237

219

Other consumer
135

3

120

3

Total
$
46,792

$
765

$
73,123

$
993



The following table presents investments in loans considered to be impaired and related information on those impaired loans for the periods presented:
 
June 30, 2014
December 31, 2013
(dollars in thousands)
Recorded
Investment
Unpaid
Principal
Balance
Related
Allowance
Recorded
Investment
Unpaid
Principal
Balance
Related
Allowance
Without a related allowance recorded:
 
 
 
 
 
 
Commercial real estate
$
21,228

$
28,296

$
—

$
26,968

$
35,474

$
—

Commercial and industrial
9,545

9,660

—

9,580

9,703

—

Commercial construction
8,179

11,866

—

7,391

12,353

—

Consumer real estate
7,082

7,629

—

8,026

9,464

—

Other consumer
107

109

—

124

128

—

Total without a Related Allowance Recorded
46,141

57,560

—

52,089

67,122

—

With a related allowance recorded:
 
 
 
 
 
 
Commercial real estate
—

—

—

—

—

—

Commercial and industrial
—

—

—

—

—

—

Commercial construction
—

—

—

681

1,383

25

Consumer real estate
47

47

47

53

53

53

Other consumer
21

21

11

33

33

19

Total with a Related Allowance Recorded
68

68

58

767

1,469

97

Total:
 
 
 
 
 
 
Commercial real estate
21,228

28,296

—

26,968

35,474

—

Commercial and industrial
9,545

9,660

—

9,580

9,703

—

Commercial construction
8,179

11,866

—

8,072

13,736

25

Consumer real estate
7,129

7,676

47

8,079

9,517

53

Other consumer
128

130

11

157

161

19

Total
$
46,209

$
57,628

$
58

$
52,856

$
68,591

$
97
Summary of Allowance for Loan Losses
The following tables detail activity in the ALL for the periods presented:

 
Three Months Ended June 30, 2014
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
19,880

 
$
13,979

 
$
5,183

 
$
6,408

 
$
1,166

 
$
46,616

Charge-offs
(1,737
)
 
(743
)
 
(664
)
 
(425
)
 
(177
)
 
(3,746
)
Recoveries
1,294

 
2,936

 
324

 
164

 
126

 
4,844

Net Recoveries/ (Charge-offs)
(443
)
 
2,193

 
(340
)
 
(261
)
 
(51
)
 
1,098

Provision for loan losses
1,296

 
(3,168
)
 
(84
)
 
558

 
264

 
(1,134
)
Balance at End of Period
$
20,733

 
$
13,004

 
$
4,759

 
$
6,705

 
$
1,379

 
$
46,580

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2013
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
24,442

 
$
8,676

 
$
6,603

 
$
5,259

 
$
956

 
$
45,936

Charge-offs
(1,170
)
 
(563
)
 
(54
)
 
(743
)
 
(399
)
 
(2,929
)
Recoveries
1,572

 
190

 
2

 
225

 
86

 
2,075

Net (Charge-offs)/ Recoveries
402

 
(373
)
 
(52
)
 
(518
)
 
(313
)
 
(854
)
Provision for loan losses
(1,360
)
 
820

 
(739
)
 
1,914

 
388

 
1,023

Balance at End of Period
$
23,484

 
$
9,123

 
$
5,812

 
$
6,655

 
$
1,031

 
$
46,105

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
18,921

 
$
14,433

 
$
5,374

 
$
6,362

 
$
1,165

 
$
46,255

Charge-offs
(2,004
)
 
(1,033
)
 
(692
)
 
(547
)
 
(445
)
 
(4,721
)
Recoveries
1,834

 
3,249

 
375

 
223

 
210

 
5,891

Net Recoveries/ (Charge-offs)
(170
)
 
2,216

 
(317
)
 
(324
)
 
(235
)
 
1,170

Provision for loan losses
1,982

 
(3,645
)
 
(298
)
 
667

 
449

 
(845
)
Balance at End of Period
$
20,733

 
$
13,004

 
$
4,759

 
$
6,705

 
$
1,379

 
$
46,580

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
25,246

 
$
7,759

 
$
7,500

 
$
5,058

 
$
921

 
$
46,484

Charge-offs
(2,809
)
 
(1,923
)
 
(443
)
 
(1,237
)
 
(651
)
 
(7,063
)
Recoveries
2,322

 
290

 
55

 
508

 
179

 
3,354

Net (Charge-offs)/ Recoveries
(487
)
 
(1,633
)
 
(388
)
 
(729
)
 
(472
)
 
(3,709
)
Provision for loan losses
(1,275
)
 
2,997

 
(1,300
)
 
2,326

 
582

 
3,330

Balance at End of Period
$
23,484

 
$
9,123

 
$
5,812

 
$
6,655

 
$
1,031

 
$
46,105
Summary of Allowance for Loan Losses and Recorded Investments
The following tables present the ALL and recorded investments in loans by category as of June 30, 2014 and December 31, 2013:
 
June 30, 2014
 
Allowance for Loan Losses
 
Portfolio Loans
(dollars in thousands)
Individually
Evaluated for
Impairment
Collectively
Evaluated for
Impairment
Total
 
Individually
Evaluated for
Impairment
Collectively
Evaluated for
Impairment
Total
Commercial real estate
$
—

$
20,733

$
20,733

 
$
21,228

$
1,615,155

$
1,636,383

Commercial and industrial
—

13,004

13,004

 
9,545

912,646

922,191

Commercial construction
—

4,759

4,759

 
8,179

180,132

188,311

Consumer real estate
47

6,658

6,705

 
7,129

905,227

912,356

Other consumer
11

1,368

1,379

 
128

65,710

65,838

Total
$
58

$
46,522

$
46,580

 
$
46,209

$
3,678,870

$
3,725,079

 
 
 
 
 
 
 
 
 
December 31, 2013
 
Allowance for Loan Losses
 
Portfolio Loans
(dollars in thousands)
Individually
Evaluated for
Impairment
Collectively
Evaluated for
Impairment
Total
 
Individually
Evaluated for
Impairment
Collectively
Evaluated for
Impairment
Total
Commercial real estate
$
—

$
18,921

$
18,921

 
$
26,968

$
1,580,788

$
1,607,756

Commercial and industrial
—

14,433

14,433

 
9,580

832,869

842,449

Commercial construction
25

5,349

5,374

 
8,072

135,603

143,675

Consumer real estate
53

6,309

6,362

 
8,079

896,357

904,436

Other consumer
19

1,146

1,165

 
157

67,726

67,883

Total
$
97

$
46,158

$
46,255

 
$
52,856

$
3,513,343

$
3,566,199