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Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013:
 
September 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
$
1,684,411

$
1,606

$
458

$
5,174

$
7,238

$
1,691,649

Commercial and industrial
943,389

317

234

2,426

2,977

946,366

Commercial construction
181,620

—

—

1,889

1,889

183,509

Residential mortgage
487,634

865

657

2,248

3,770

491,404

Home equity
414,279

2,380

265

1,735

4,380

418,659

Installment and other consumer
66,140

380

57

30

467

66,607

Consumer construction
2,995

—

—

—

—

2,995

Loans held for sale
3,126

—

—

—

—

3,126

Totals
$
3,783,594

$
5,548

$
1,671

$
13,502

$
20,721

$
3,804,315

 
 
 
 
 
 
 
 
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:
 
September 30, 2014
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
1,624,718

96.0
%
 
$
903,273

95.5
%
 
$
162,629

88.6
%
 
$
2,690,620

95.4
%
Special mention
41,628

2.5
%
 
27,809

2.9
%
 
12,747

6.9
%
 
82,184

2.9
%
Substandard
25,303

1.5
%
 
15,284

1.6
%
 
8,133

4.5
%
 
48,720

1.7
%
Total
$
1,691,649

100
%
 
$
946,366

100.0
%
 
$
183,509

100.0
%
 
$
2,821,524

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:
 
September 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
$
489,156

99.5
%
$
416,924

99.6
%
$
66,577

99.9
%
$
2,995

100.0
%
$
975,652

99.6
%
Nonperforming
2,248

0.5
%
1,735

0.4
%
30

0.1
%
—

—
%
4,013

0.4
%
Total
$
491,404

100.0
%
$
418,659

100.0
%
$
66,607

100.0
%
$
2,995

100.0
%
$
979,665

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 table presents investments in loans considered to be impaired and the related allowance at the dates indicated:
 
September 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
$
21,028

$
26,366

$
—

 
$
26,968

$
35,474

$
—

Commercial and industrial
9,643

9,964

—

 
9,580

9,703

—

Commercial construction
8,143

11,831

—

 
7,391

12,353

—

Consumer real estate
7,000

7,553

—

 
8,026

9,464

—

Other consumer
111

115

—

 
124

128

—

Total without a Related Allowance Recorded
45,925

55,829

—

 
52,089

67,122

—

With a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
—

—

—

 
—

—

—

Commercial and industrial
—

—

—

 
—

—

—

Commercial construction
—

—

—

 
681

1,383

25

Consumer real estate
45

45

45

 
53

53

53

Other consumer
22

22

10

 
33

33

19

Total with a Related Allowance Recorded
67

67

55

 
767

1,469

97

Total:
 
 
 
 
 
 
 
Commercial real estate
21,028

26,366

—

 
26,968

35,474

—

Commercial and industrial
9,643

9,964

—

 
9,580

9,703

—

Commercial construction
8,143

11,831

—

 
8,072

13,736

25

Consumer real estate
7,045

7,598

45

 
8,079

9,517

53

Other consumer
133

137

10

 
157

161

19

Total
$
45,992

$
55,896

$
55

 
$
52,856

$
68,591

$
97

The following tables present investments in loans considered to be impaired and interest income recognized for the periods presented:
 
For the Three Months Ended
 
September 30, 2014
September 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
$
21,110

$
159

$
27,489

$
271

Commercial and industrial
9,702

63

10,995

68

Commercial construction
8,160

58

9,768

46

Consumer real estate
7,034

100

8,349

114

Other consumer
115

1

119

1

Total without a Related Allowance Recorded
46,121

381

56,720

500

With a related allowance recorded:
 
 
 
 
Commercial real estate
—

—

1,014

—

Commercial and industrial
—

—

—

—

Commercial construction
—

—

5,929

49

Consumer real estate
47

1

100

2

Other consumer
23

—

35

1

Total with a Related Allowance Recorded
70

1

7,078

52

Total:
 
 
 
 
Commercial real estate
21,110

159

28,503

271

Commercial and industrial
9,702

63

10,995

68

Commercial construction
8,160

58

15,697

95

Consumer real estate
7,081

101

8,449

116

Other consumer
138

1

154

2

Total
$
46,191

$
382

$
63,798

$
552


 
For the Nine Months Ended
 
September 30, 2014
September 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
$
21,593

$
512

$
29,951

$
330

Commercial and industrial
9,477

177

11,964

203

Commercial construction
8,254

172

14,492

271

Consumer real estate
7,181

306

8,912

693

Other consumer
122

3

110

4

Total without a Related Allowance Recorded
46,627

1,170

65,429

1,501

With a related allowance recorded:




Commercial real estate
$
—

$
—

2,526

$
5

Commercial and industrial
—

—

—

—

Commercial construction
—

—

1,976

49

Consumer real estate
49

2

62

—

Other consumer
24

2

21

3

Total with a Related Allowance Recorded
73

4

4,585

57

Total:




Commercial real estate
21,593

512

32,477

335

Commercial and industrial
9,477

177

11,964

203

Commercial construction
8,254

172

16,468

320

Consumer real estate
7,230

308

8,974

693

Other consumer
146

5

131

7

Total
$
46,700

$
1,174

$
70,014

$
1,558
Summary of Allowance for Loan Losses
The following tables detail activity in the ALL for the periods presented:
 
Three Months Ended September 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
$
20,733

 
$
13,004

 
$
4,759

 
$
6,705

 
$
1,379

 
$
46,580

Charge-offs
—

 
(37
)
 
(234
)
 
(436
)
 
(295
)
 
(1,002
)
Recoveries
(154
)
 
315

 
—

 
48

 
75

 
284

Net (Charge-offs)/ Recoveries
(154
)
 
278

 
(234
)
 
(388
)
 
(220
)
 
(718
)
Provision for loan losses
(602
)
 
616

 
653

 
446

 
341

 
1,454

Balance at End of Period
$
19,977

 
$
13,898

 
$
5,178

 
$
6,763

 
$
1,500

 
$
47,316

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 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
$
23,484

 
$
9,123

 
$
5,812

 
$
6,655

 
$
1,031

 
$
46,105

Charge-offs
(840
)
 
(759
)
 
(480
)
 
(585
)
 
(327
)
 
(2,991
)
Recoveries
617

 
167

 
481

 
122

 
63

 
1,450

Net (Charge-offs)/ Recoveries
(223
)
 
(592
)
 
1

 
(463
)
 
(264
)
 
(1,541
)
Provision for loan losses
(5,572
)
 
6,268

 
2,186

 
185

 
352

 
3,419

Balance at End of Period
$
17,689

 
$
14,799

 
$
7,999

 
$
6,377

 
$
1,119

 
$
47,983

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 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
(2,002
)
 
(1,070
)
 
(693
)
 
(983
)
 
(740
)
 
(5,488
)
Recoveries
1,681

 
3,564

 
140

 
272

 
284

 
5,941

Net Recoveries/(Charge-offs)
(321
)
 
2,494

 
(553
)
 
(711
)
 
(456
)
 
453

Provision for loan losses
1,377

 
(3,029
)
 
357

 
1,112

 
791

 
608

Balance at End of Period
$
19,977

 
$
13,898

 
$
5,178

 
$
6,763

 
$
1,500

 
$
47,316

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 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
(3,649
)
 
(2,682
)
 
(923
)
 
(1,822
)
 
(978
)
 
(10,054
)
Recoveries
2,939

 
457

 
536

 
630

 
242

 
4,804

Net (Charge-offs)/ Recoveries
(710
)
 
(2,225
)
 
(387
)
 
(1,192
)
 
(736
)
 
(5,250
)
Provision for loan losses
(6,847
)
 
9,265

 
886

 
2,511

 
934

 
6,749

Balance at End of Period
$
17,689

 
$
14,799

 
$
7,999

 
$
6,377

 
$
1,119

 
$
47,983
Summary of Allowance for Loan Losses and Recorded Investments
The following tables present the ALL and recorded investments in loans by category as of September 30, 2014 and December 31, 2013:
 
September 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
$
—

$
19,977

$
19,977

 
$
21,028

$
1,670,621

$
1,691,649

Commercial and industrial
—

13,898

13,898

 
9,643

936,723

946,366

Commercial construction
—

5,178

5,178

 
8,143

175,366

183,509

Consumer real estate
45

6,718

6,763

 
7,045

906,013

913,058

Other consumer
10

1,490

1,500

 
133

66,474

66,607

Total
$
55

$
47,261

$
47,316

 
$
45,992

$
3,755,197

$
3,801,189

 
 
 
 
 
 
 
 
 
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