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

 

Commercial real estate
$
1,691,649

 
$
1,607,756

Commercial and industrial
946,366

 
842,449

Commercial construction
183,509

 
143,675

Total Commercial Loans
2,821,524

 
2,593,880

Consumer

 

Residential mortgage
491,404

 
487,092

Home equity
418,659

 
414,195

Installment and other consumer
66,607

 
67,883

Consumer construction
2,995

 
3,149

Total Consumer Loans
979,665

 
972,319

Total Portfolio Loans
3,801,189

 
3,566,199

Loans held for sale
3,126

 
2,136

Total Loans
$
3,804,315

 
$
3,568,335
Restructured Loans for Periods Presented
The following table summarizes the restructured loans as of the dates presented:
 
September 30, 2014
 
December 31, 2013
(dollars in thousands)
Accruing
TDRs
Nonaccruing
TDRs
Total
TDRs
 
Accruing
TDRs
Nonaccruing
TDRs
Total
TDRs
Commercial real estate
$
17,140

$
898

$
18,038

 
$
19,711

$
3,898

$
23,609

Commercial and industrial
7,401

1,443

8,844

 
7,521

1,884

9,405

Commercial construction
6,273

1,869

8,142

 
5,338

2,708

8,046

Residential mortgage
2,743

486

3,229

 
2,581

1,356

3,937

Home equity
3,594

223

3,817

 
3,924

218

4,142

Installment and other consumer
122

10

132

 
154

3

157

Total
$
37,273

$
4,929

$
42,202

 
$
39,229

$
10,067

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

Three Months Ended September 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
$
487

$
475

$
(12
)

—
$
—

$
—

$
—

Chapter 7 bankruptcy(2)
1
83

83

—


—
—

—

—

Maturity date extension and interest rate reduction
—
—

—

—

 
2
664

644

(20
)
Commercial and industrial













Principal deferral
2
381

366

(15
)

1
278

278

—

Residential mortgage















Chapter 7 bankruptcy(2)
2
135

134

(1
)

—
—

—

—

Interest rate reduction
—
—

—

—

 
1
54

54

—

Home equity













Chapter 7 bankruptcy(2)
2
14

14

—


8
772

767

(5
)
Maturity date extension and interest rate reduction
2
96

96

—

 
—
—

—

—

Installment and other consumer












Chapter 7 bankruptcy(2)
2
14

11

(3
)

3
17

15

(2
)
Total by Concession Type












Principal deferral
3
868

841

(27
)

1
278

278

—

Chapter 7 bankruptcy(2)
7
246

242

(4
)
 
11
789

782

(7
)
Interest rate reduction
—
—

—

—

 
1
54

54

—

Maturity date extension and interest rate reduction
2
96

96

—


2
664

644

(20
)
Total
12
$
1,210

$
1,179

$
(31
)

15
1,785

1,758

(27
)
(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.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
Nine Months Ended September 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
2
$
616

$
602

$
(14
)
 
3
$
1,541

$
1,288

$
(253
)
Maturity date extension and interest rate reduction
—
—

—

—

 
2
664

644

(20
)
Principal forgiveness(3)
—
—

—

—

 
1
4,339

4,339

—

Chapter 7 bankruptcy(2)
1
83

83

—

 
7
258

255

(3
)
Commercial and industrial
 
 
 
 
 
 
 
 
 
Principal deferral
2
381

366

(15
)
 
2
670

665

(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

—

Interest rate reduction
—
—

—

—

 
1
54

54

—

Chapter 7 bankruptcy(2)
7
464

461

(3
)
 
8
353

344

(9
)
Home equity
 
 
 
 
 
 
 
 
 
Principal deferral
—
—

—

—

 
1
174

45

(129
)
Chapter 7 bankruptcy(2)
12
283

265

(18
)
 
31
1,420

1,407

(13
)
Maturity date extension and interest rate reduction
2
96

96

—

 
—
—

—

—

Installment and other consumer
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
3
23

20

(3
)
 
9
90

88

(2
)
Total by Concession Type
 
 
 
 
 
 
 
 
 
Principal deferral
4
997

968

(29
)
 
8
2,538

2,151

(387
)
Interest rate reduction
—
—

—

—

 
1
54

54

—

Principal forgiveness(3)
—
—

—

—

 
1
4,339

4,339

—

Maturity date extension and interest rate reduction
2
96

96

—

 
2
664

644

(20
)
Maturity date extension
1
1,019

1,019

—

 
1
751

751

—

Chapter 7 bankruptcy(2)
24
1,140

1,115

(25
)

56
2,124

2,097

(27
)
Total
31
$
3,252

$
3,198

$
(54
)
 
69
$
10,470

10,036

(434
)
(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
 
For the Nine Months Ended
 
September 30, 2014

September 30, 2013
 
September 30, 2014
 
September 30, 2013
(dollars in thousands)
Number of
Defaults
Recorded
Investment


Number of
Defaults
Recorded
Investment

 
Number of
Defaults
Recorded
Investment

 
Number of
Defaults
Recorded
Investment

Commercial real estate
—
$
—


1
$
75

 
—
$
—

 
1
$
75

Commercial and Industrial
—
—


1
435

 
—
—

 
1
435

Commercial construction
—
—


—
—

 
—
—

 
—
—

Residential real estate
—
—


4
450

 
1
72

 
7
514

Home equity
—
—


1
42

 
—
—

 
5
193

Total
—
$
—


7
$
1,002

 
1
$
72

 
14
$
1,217
Summary of Nonperforming Assets
The following table is a summary of nonperforming assets as of the dates presented:
 
Nonperforming Assets
(dollars in thousands)
September 30, 2014
 
December 31, 2013
Nonperforming Assets

 

Nonaccrual loans
$
8,573

 
$
12,387

Nonaccrual TDRs
4,929

 
10,067

Total nonaccrual loans
13,502

 
22,454

OREO
200

 
410

Total Nonperforming Assets
$
13,702

 
$
22,864