Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2015 and December 31, 2014:



	September 30, 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	$	2,092,139	$	8,987	$	1,567	$	973	$	7,919	$	19,446	$	2,111,585
Commercial and industrial	1,228,571		2,183		1,791		—		5,370		9,344		1,237,915
Commercial construction	374,001		3,955		1,364		—		5,008		10,327		384,328
Residential mortgage	614,609		3,563		3,281		556		3,242		10,642		625,251
Home equity	463,145		2,144		262		—		2,147		4,553		467,698
Installment and other consumer	90,624		344		32		—		122		498		91,122
Consumer construction	8,064		—		—		—		—		—		8,064
Loans held for sale	13,794		—		—		—		—		—		13,794
Totals	$	4,884,947	$	21,176	$	8,297	$	1,529	$	23,808	$	54,810	$	4,939,757
⁽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:



	September 30, 2015
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	2,036,905	96.5	%	$	1,169,828	94.5	%	$	344,513	89.6	%	$	3,551,246	95.1	%
Special mention	32,371		1.5	%	45,750		3.7	%	18,771		4.9	%	96,892		2.6	%
Substandard	42,309		2.0	%	22,337		1.8	%	21,044		5.5	%	85,690		2.3	%
Total	$	2,111,585	100	%	$	1,237,915	100.0	%	$	384,328	100.0	%	$	3,733,828	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:



	September 30, 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	$	622,009	99.5	%	$	465,551	99.5	%	$	91,000	99.9	%	$	8,064	100.0	%	$	1,186,624	99.5	%
Nonperforming	3,242		0.5	%	2,147		0.5	%	122		0.1	%	—		—	%	5,511		0.5	%
Total	$	625,251	100.0	%	$	467,698	100.0	%	$	91,122	100.0	%	$	8,064	100.0	%	$	1,192,135	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 related information on those impaired loans for the periods presented:



	Three Months Ended
	September 30, 2015				September 30, 2014
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Without a related allowance recorded:
Commercial real estate	$	14,101	$	352	$	21,110	$	159
Commercial and industrial	8,993		44		9,702		63
Commercial construction	11,034		67		8,160		58
Consumer real estate	6,829		92		7,034		100
Other consumer	183		—		115		1
Total without a Related Allowance Recorded	41,140		555		46,121		381
With a related allowance recorded:
Commercial real estate	—		—		—		—
Commercial and industrial	1,977		7		—		—
Commercial construction	—		—		—		—
Consumer real estate	119		2		47		1
Other consumer	2		—		23		—
Total with a Related Allowance Recorded	2,098		9		70		1
Total:
Commercial real estate	14,101		352		21,110		159
Commercial and industrial	10,970		51		9,702		63
Commercial construction	11,034		67		8,160		58
Consumer real estate	6,948		94		7,081		101
Other consumer	185		—		138		1
Total	$	43,238	$	564	$	46,191	$	382



	Nine Months Ended
	September 30, 2015				September 30, 2014
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Without a related allowance recorded:
Commercial real estate	$	14,994	$	731	$	21,593	$	512
Commercial and industrial	9,742		131		9,477		177
Commercial construction	8,920		200		8,254		172
Consumer real estate	6,856		279		7,181		306
Other consumer	119		1		122		3
Total without a Related Allowance Recorded	40,631		1,342		46,627		1,170
With a related allowance recorded:
Commercial real estate	$	—	$	—	$	—	$	—
Commercial and industrial	1,980		42		—		—
Commercial construction	—		—		—		—
Consumer real estate	121		5		49		2
Other consumer	2		—		24		2
Total with a Related Allowance Recorded	2,103		47		73		4
Total:
Commercial real estate	14,994		731		21,593		512
Commercial and industrial	11,722		173		9,477		177
Commercial construction	8,920		200		8,254		172
Consumer real estate	6,977		284		7,230		308
Other consumer	121		1		146		5
Total	$	42,734	$	1,389	$	46,700	$	1,174

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



	September 30, 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	$	14,080	$	14,576	$	—	$	19,890	$	25,262	$	—
Commercial and industrial	8,746		10,918		—		9,218		9,449		—
Commercial construction	9,315		12,977		—		7,605		11,293		—
Consumer real estate	6,852		7,401		—		7,159		7,733		—
Other consumer	119		191		—		42		48		—
Total without a Related Allowance Recorded	39,112		46,063		—		43,914		53,785		—
With a related allowance recorded:
Commercial real estate	—		—		—		—		—		—
Commercial and industrial	1,969		1,969		1,224		—		—		—
Commercial construction	—		—		—		—		—		—
Consumer real estate	118		118		34		43		43		43
Other consumer	2		2		2		20		20		11
Total with a Related Allowance Recorded	2,089		2,089		1,260		63		63		54
Total:
Commercial real estate	14,080		14,576		—		19,890		25,262		—
Commercial and industrial	10,715		12,887		1,224		9,218		9,449		—
Commercial construction	9,315		12,977		—		7,605		11,293		—
Consumer real estate	6,970		7,519		34		7,202		7,776		43
Other consumer	121		193		2		62		68		11
Total	$	41,201	$	48,152	$	1,260	$	43,977	$	53,848	$	54

Summary of Allowance for Loan Losses

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



	Three Months Ended September 30, 2015
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	19,018		$	13,308		$	7,671		$	7,027		$	1,790		$	48,814
Charge-offs	(2,361		)	(1,121		)	(1,247		)	(445		)	(467		)	(5,641		)
Recoveries	2,896			272			129			132			99			3,528
Net (Charge-offs)/ Recoveries	535			(849		)	(1,118		)	(313		)	(368		)	(2,113		)
Provision for loan losses	(2,575		)	12			4,983			302			484			3,206
Balance at End of Period	$	16,978		$	12,471		$	11,536		$	7,016		$	1,906		$	49,907


	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


	Nine Months Ended September 30, 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	(2,738		)	(2,819		)	(1,247		)	(997		)	(1,046		)	(8,847		)
Recoveries	3,072			475			132			379			312			4,370
Net (Charge-offs)/Recoveries	334			(2,344		)	(1,115		)	(618		)	(734		)	(4,477		)
Provision for loan losses	(3,520		)	1,147			6,558			1,301			987			6,473
Balance at End of Period	$	16,978		$	12,471		$	11,536		$	7,016		$	1,906		$	49,907


	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 (Charge-offs)/Recoveries	(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

Summary of Allowance for Loan Losses and Recorded Investments

The following tables present the ALL and recorded investments in loans by category as of the periods presented:



	September 30, 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	$	—	$	16,978	$	16,978	$	14,080	$	2,097,505	$	2,111,585
Commercial and industrial	1,224		11,247		12,471		10,715		1,227,200		1,237,915
Commercial construction	—		11,536		11,536		9,315		375,013		384,328
Consumer real estate	34		6,982		7,016		6,970		1,094,043		1,101,013
Other consumer	2		1,904		1,906		121		91,001		91,122
Total	$	1,260	$	48,647	$	49,907	$	41,201	$	4,884,762	$	4,925,963
⁽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.