Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 and December 31, 2014:



	March 31, 2015
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due⁽¹⁾		Nonaccrual		Total Past Due		Total Loans
Commercial real estate	$	2,138,815	$	2,955	$	522	$	1,735	$	8,386	$	13,598	$	2,152,413
Commercial and industrial	1,202,897		4,089		517		—		3,550		8,156		1,211,053
Commercial construction	281,084		969		—		2,140		1,973		5,082		286,166
Residential mortgage	516,515		1,548		63		1,154		2,226		4,991		521,506
Home equity	438,629		1,583		198		—		1,986		3,767		442,396
Installment and other consumer	65,465		249		27		—		13		289		65,754
Consumer construction	4,410		—		—		—		—		—		4,410
Loans held for sale	6,126		—		—		—		—		—		6,126
Totals	$	4,653,941	$	11,393	$	1,327	$	5,029	$	18,134	$	35,883	$	4,689,824
⁽¹⁾Represents acquired loans that were recorded at fair value at the acquisition date.



	December 31, 2014
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due		Nonaccrual		Total Past Due		Total Loans
Commercial real estate	$	1,674,930	$	2,548	$	323	$	—	$	4,435	$	7,306	$	1,682,236
Commercial and industrial	991,136		1,227		153		—		1,622		3,002		994,138
Commercial construction	214,174		—		—		—		1,974		1,974		216,148
Residential mortgage	485,465		565		1,220		—		2,336		4,121		489,586
Home equity	414,303		1,756		445		—		2,059		4,260		418,563
Installment and other consumer	65,111		352		73		—		31		456		65,567
Consumer construction	2,508		—		—		—		—		—		2,508
Loans held for sale	2,970		—		—		—		—		—		2,970
Totals	$	3,850,597	$	6,448	$	2,214	$	—	$	12,457	$	21,119	$	3,871,716

Recorded Investment in Commercial Loan Classes by Internally Assigned Risk Ratings

The following tables present the recorded investment in commercial loan classes by internally assigned risk ratings as of the dates presented:



	March 31, 2015
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	2,073,492	96.3	%	$	1,137,101	93.9	%	$	247,967	86.7	%	$	3,458,560	94.8	%
Special mention	25,204		1.2	%	55,529		4.6	%	20,600		7.2	%	101,333		2.8	%
Substandard	53,717		2.5	%	18,423		1.5	%	17,599		6.1	%	89,739		2.4	%
Total	$	2,152,413	100	%	$	1,211,053	100.0	%	$	286,166	100.0	%	$	3,649,632	100.0	%

	December 31, 2014
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	1,635,132	97.2	%	$	948,663	95.4	%	$	196,520	90.9	%	$	2,780,315	96.1	%
Special mention	23,597		1.4	%	30,357		3.1	%	12,014		5.6	%	65,968		2.3	%
Substandard	23,507		1.4	%	15,118		1.5	%	7,614		3.5	%	46,239		1.6	%
Total	$	1,682,236	100.0	%	$	994,138	100.0	%	$	216,148	100.0	%	$	2,892,522	100.0	%

Recorded Investment in Consumer Loan Classes by Performing and Nonperforming Status

The following tables present the recorded investment in consumer loan classes by performing and nonperforming status as of the dates presented:



	March 31, 2015
(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	$	519,280	99.6	%	$	440,410	99.6	%	$	65,741	100.0	%	$	4,410	100.0	%	$	1,029,841	99.6	%
Nonperforming	2,226		0.4	%	1,986		0.4	%	13		—	%	—		—	%	4,225		0.4	%
Total	$	521,506	100.0	%	$	442,396	100.0	%	$	65,754	100.0	%	$	4,410	100.0	%	$	1,034,066	100.0	%

	December 31, 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	$	487,250	99.5	%	$	416,504	99.5	%	$	65,536	99.9	%	$	2,508	100.0	%	$	971,798	99.5	%
Nonperforming	2,336		0.5	%	2,059		0.5	%	31		0.1	%	—		—	%	4,426		0.5	%
Total	$	489,586	100.0	%	$	418,563	100.0	%	$	65,567	100.0	%	$	2,508	100.0	%	$	976,224	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 the related information on those impaired loans as of the dates presented:



	March 31, 2015						December 31, 2014
(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	$	22,515	$	27,937	$	—	$	19,890	$	25,262	$	—
Commercial and industrial	10,338		11,238		—		9,218		9,449		—
Commercial construction	7,696		11,385		—		7,605		11,293		—
Consumer real estate	7,039		7,637		—		7,159		7,733		—
Other consumer	31		34		—		42		48		—
Total without a Related Allowance Recorded	47,619		58,231		—		43,914		53,785		—
With a related allowance recorded:
Commercial real estate	811		811		39		—		—		—
Commercial and industrial	—		—		—		—		—		—
Commercial construction	—		—		—		—		—		—
Consumer real estate	41		41		41		43		43		43
Other consumer	18		18		8		20		20		11
Total with a Related Allowance Recorded	870		870		88		63		63		54
Total:
Commercial real estate	23,326		28,748		39		19,890		25,262		—
Commercial and industrial	10,338		11,238		—		9,218		9,449		—
Commercial construction	7,696		11,385		—		7,605		11,293		—
Consumer real estate	7,080		7,678		41		7,202		7,776		43
Other consumer	49		52		8		62		68		11
Total	$	48,489	$	59,101	$	88	$	43,977	$	53,848	$	54

The following tables summarize investments in loans considered to be impaired and related information on those impaired loans the periods presented:



	For the Three Months Ended
	March 31, 2015				March 31, 2014
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Without a related allowance recorded:
Commercial real estate	$	22,627	$	164	$	23,539	$	167
Commercial and industrial	10,847		62		9,826		55
Commercial construction	7,704		53		8,324		57
Consumer real estate	7,073		96		8,258		103
Other consumer	34		—		121		1
Total without a Related Allowance Recorded	48,285		375		50,068		383
With a related allowance recorded:
Commercial real estate	823		8		—		—
Commercial and industrial	—		—		—		—
Commercial construction	—		—		—		—
Consumer real estate	42		1		51		1
Other consumer	19		—		32		1
Total with a Related Allowance Recorded	884		9		83		2
Total:
Commercial real estate	23,450		172		23,539		167
Commercial and industrial	10,847		62		9,826		55
Commercial construction	7,704		53		8,324		57
Consumer real estate	7,115		97		8,309		104
Other consumer	53		—		153		2
Total	$	49,169	$	384	$	50,151	$	385

Summary of Allowance for Loan Losses

The following tables detail activity in the ALL for the periods presented:



	Three Months Ended March 31, 2015
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	20,164		$	13,668		$	6,093		$	6,333		$	1,653		$	47,911
Charge-offs	(66		)	(707		)	—			(375		)	(303		)	(1,451		)
Recoveries	103			114			1			136			85			439
Net (Charge-offs)/ Recoveries	37			(593		)	1			(239		)	(218		)	(1,012		)
Provision for loan losses	(1,130		)	636			775			629			297			1,207
Balance at End of Period	$	19,071		$	13,711		$	6,869		$	6,723		$	1,732		$	48,106


	Three Months Ended March 31, 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	(266		)	(290		)	(28		)	(123		)	(267		)	(974		)
Recoveries	540			314			50			59			83			1,046
Net (Charge-offs)/ Recoveries	274			24			22			(64		)	(184		)	72
Provision for loan losses	685			(478		)	(213		)	110			185			289
Balance at End of Period	$	19,880		$	13,979		$	5,183		$	6,408		$	1,166		$	46,616

Summary of Allowance for Loan Losses and Recorded Investments

The following tables present the ALL and recorded investments in loans by category as of March 31, 2015 and December 31, 2014:



	March 31, 2015
	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⁽¹⁾
Commercial real estate	$	39	$	19,032	$	19,071	$	23,326	$	2,129,087	$	2,152,413
Commercial and industrial	—		13,711		13,711		10,338		1,200,715		1,211,053
Commercial construction	—		6,869		6,869		7,696		278,470		286,166
Consumer real estate	41		6,682		6,723		7,080		961,232		968,312
Other consumer	8		1,724		1,732		49		65,705		65,754
Total	$	88	$	48,018	$	48,106	$	48,489	$	4,635,209	$	4,683,698
⁽¹⁾Includes acquired loans.
	December 31, 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⁽¹⁾
Commercial real estate	$	—	$	20,164	$	20,164	$	19,890	$	1,662,346	$	1,682,236
Commercial and industrial	—		13,668		13,668		9,218		984,920		994,138
Commercial construction	—		6,093		6,093		7,605		208,543		216,148
Consumer real estate	43		6,290		6,333		7,202		903,455		910,657
Other consumer	11		1,642		1,653		62		65,505		65,567
Total	$	54	$	47,857	$	47,911	$	43,977	$	3,824,769	$	3,868,746
⁽¹⁾Includes acquired loans.