XML 87 R27.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans and Loans Held for Sale (Tables)
 9 Months Ended
Sep. 30, 2015
Receivables [Abstract]  
Composition of Loans
The following table indicates the composition of the loans as of the dates presented:
(dollars in thousands)
September 30, 2015
 
December 31, 2014
Commercial

 

Commercial real estate
$
2,111,585

 
$
1,682,236

Commercial and industrial
1,237,915

 
994,138

Commercial construction
384,328

 
216,148

Total Commercial Loans
3,733,828

 
2,892,522

Consumer

 

Residential mortgage
625,251

 
489,586

Home equity
467,698

 
418,563

Installment and other consumer
91,122

 
65,567

Consumer construction
8,064

 
2,508

Total Consumer Loans
1,192,135

 
976,224

Total Portfolio Loans
4,925,963

 
3,868,746

Loans held for sale
13,794

 
2,970

Total Loans
$
4,939,757

 
$
3,871,716
Restructured Loans for Periods Presented
The following table summarizes the restructured loans as of the dates presented:
 
September 30, 2015
 
December 31, 2014
(dollars in thousands)
Performing
TDRs
Nonperforming
TDRs
Total
TDRs
 
Performing
TDRs
Nonperforming
TDRs
Total
TDRs
Commercial real estate
$
8,062

$
3,552

$
11,614

 
$
16,939

$
2,180

$
19,119

Commercial and industrial
6,360

1,839

8,199

 
8,074

356

8,430

Commercial construction
5,627

1,610

7,237

 
5,736

1,869

7,605

Residential mortgage
2,609

591

3,200

 
2,839

459

3,298

Home equity
3,363

412

3,775

 
3,342

562

3,904

Installment and other consumer
28

88

116

 
53

10

63

Total
$
26,049

$
8,092

$
34,141

 
$
36,983

$
5,436

$
42,419
Restructured Loans for Periods Stated
The following tables present the restructured loans during the periods presented:
 
Three Months Ended September 30, 2015

Three Months Ended September 30, 2014
(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
1

264

260

(4
)

—

—

—

—

Commercial and industrial
 
 
 
 

 
 
 


Principal deferral
—

—

—

—


2

381

366

(15
)
Commercial Construction
 
 
 
 

 
 
 


Maturity date extension
2

813

812

(1
)
 
—

—

—

—

Residential mortgage
 
 
 
 

 
 
 


Chapter 7 bankruptcy(2)
2

74

74

—


2

135

134

(1
)
Maturity date extension
1

180

180

—

 
—

—

—

—

Home equity
 
 
 
 

 
 
 


Chapter 7 bankruptcy(2)
5

115

110

(5
)

2

14

14

—

Maturity date extension and interest rate reduction
2

138

138

—

 
2

96

96

—

Installment and other consumer
 
 
 
 

 
 
 

Chapter 7 bankruptcy(2)
1

9

4

$
(5
)

2

14

11

$
(3
)
Total by Concession Type













Principal deferral
—

—

—

—


3

868

841

(27
)
Maturity date extension and interest rate reduction
2

138

138

—

 
2

96

96

—

Chapter 7 bankruptcy(2)
8

198

188

(10
)
 
7

246

242

(4
)
Maturity date extension
4

1,257

1,252

(5
)
 
—

—

—

—

Total
14

$
1,593

$
1,578

$
(15
)

12

$
1,210

$
1,179

$
(31
)
(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, 2015
 
Nine Months Ended September 30, 2014
(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

$
2,851

$
1,841

$
(1,010
)
 
2

$
616

$
602

$
(14
)
Chapter 7 bankruptcy(2)
—

—

—

—

 
1

83

83

—

Maturity date extension
1

264

260

(4
)
 
—

—

—

—

Commercial and industrial
 
 
 
 
 
 
 
 
 
Principal forgiveness 
1

400

273

(127
)
 
—

—

—

—

Principal deferral
6

661

363

(298
)
 
2

381

366

(15
)
Chapter 7 bankruptcy(2)
1

3

—

(3
)
 
1

287

286

(1
)
Maturity date extension
1

780

720

(60
)
 
—

—

—

—

Commercial Construction
 
 
 
 
 
 
 
 
 
Principal deferral
1

104

—

(104
)
 
—

—

—

—

Maturity date extension
2

813

812

(1
)
 
1

1,019

1,019

—

Residential mortgage
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
2

74

74

—

 
7

464

461

(3
)
Maturity date extension
1

180

180

—

 
—

—

—

—

Maturity date extension and interest rate reduction
2

225

229

4

 
—

—

—

—

Home equity
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
17

428

389

(39
)
 
12

283

265

(18
)
Maturity date extension and interest rate reduction
2

138

138

—

 
2

96

96

—

Maturity date extension
1

71

70

(1
)
 
—

—

—

—

Installment and other consumer
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
1

9

4

$
(5
)
 
3

23

20

$
(3
)
Total by Concession Type
 
 
 
 
 
 
 
 
 
Principal forgiveness
1

$
400

$
273

$
(127
)
 
—

$
—

$
—

$
—

Principal deferral
9

3,616

2,204

(1,412
)
 
4

997

968

(29
)
Chapter 7 bankruptcy(2)
21

514

467

(47
)
 
24

1,140

1,115

(25
)
Maturity date extension and interest rate reduction
4

363

367

4

 
2

96

96

—

Maturity date extension
6

2,108

2,042

(66
)

1

1,019

1,019

—

Total
41

7,001

5,353

$
(1,648
)
 
31

$
3,252

$
3,198

$
(54
)
(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.
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 12 months prior to defaulting:
 
Defaulted TDRs
 
Three Months Ended 
 September 30, 2015
 
Three Months Ended 
 September 30, 2014
 
(dollars in thousands)
Number of
Defaults
Recorded
Investment


Number of
Defaults
Recorded
Investment

Commercial real estate
—
$
—


—
$
—

Commercial and Industrial
—
—


—
—

Commercial construction
—
—


—
—

Residential mortgage
—
—


—
—

Home equity
—
$
—


—
$
—

Installment and other consumer
—
—

 
—
—

Consumer construction
—
—

 
—
—

Total
—
$
—


—
$
—


 
Defaulted TDRs
 
Nine Months Ended 
 September 30, 2015
 
Nine Months Ended 
 September 30, 2014
 
(dollars in thousands)
Number of
Defaults
Recorded
Investment

 
Number of
Defaults
Recorded
Investment

Commercial real estate
—
$
—

 
—
$
—

Commercial and Industrial
—
—

 
—
—

Commercial construction
—
—

 
—
—

Residential mortgage
1
$
183

 
1
$
72

Home equity
3
124

 
—
—

Installment and other consumer
—
—

 
—
—

Consumer construction
—
—

 
—
—

Total
4
$
307

 
1
$
72
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, 2015
 
December 31, 2014
Nonperforming Assets

 

Nonaccrual loans
$
15,716

 
$
7,021

Nonaccrual TDRs
8,092

 
5,436

Total nonaccrual loans
23,808

 
12,457

OREO
472

 
166

Total Nonperforming Assets
$
24,280

 
$
12,623