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Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract]  
Allowance for Loan and Lease Losses
The following tables provide information on originated loans and leases that are individually evaluated for impairment as of June 30, 2014 and December 31, 2013.
 
 
June 30, 2014
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Impaired originated loans and leases
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,305

 
$
1,268

 
$
2,573

 
$
3,539

 
$
155

Commercial mortgage
58,223

 
28,823

 
87,046

 
92,164

 
7,704

Other commercial real estate
741

 
1,221

 
1,962

 
2,361

 
179

Commercial and industrial
8,371

 
2,440

 
10,811

 
11,939

 
1,425

Lease financing
376

 
—

 
376

 
376

 
297

Other
—

 
46

 
46

 
46

 
—

Residential mortgage
10,016

 
5,432

 
15,448

 
15,903

 
1,613

Revolving mortgage
3,537

 
217

 
3,754

 
4,801

 
1,024

Construction and land development - noncommercial
1,934

 
—

 
1,934

 
1,934

 
201

Consumer
936

 
1

 
937

 
968

 
653

Total impaired originated loans and leases
$
85,439

 
$
39,448

 
$
124,887

 
$
134,031

 
$
13,251

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Impaired originated loans and leases
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,025

 
$
1,247

 
$
2,272

 
$
7,306

 
$
103

Commercial mortgage
57,819

 
39,292

 
97,111

 
103,522

 
6,873

Other commercial real estate
783

 
1,095

 
1,878

 
2,279

 
209

Commercial and industrial
7,197

 
2,103

 
9,300

 
10,393

 
771

Lease financing
133

 
55

 
188

 
188

 
54

Residential mortgage
11,534

 
4,005

 
15,539

 
15,939

 
1,586

Revolving mortgage
3,382

 
214

 
3,596

 
3,596

 
372

Construction and land development - noncommercial
651

 
457

 
1,108

 
1,108

 
72

Consumer
1,154

 
—

 
1,154

 
1,154

 
121

Total impaired originated loans and leases
$
83,678

 
$
48,468

 
$
132,146

 
$
145,485

 
$
10,161



The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three and six months ended June 30, 2014 and June 30, 2013:

 
Three months ended June 30, 2014
 
Three months ended June 30, 2013
(Dollars in thousands)
Average
balance
 
Interest income recognized
 
Average
balance
 
Interest income recognized
Impaired originated loans and leases:
 
 
 
 
 
 
 
Construction and land development - commercial
$
2,592

 
$
28

 
$
8,541

 
$
101

Commercial mortgage
87,687

 
799

 
102,356

 
1,413

Other commercial real estate
1,981

 
7

 
2,647

 
37

Commercial and industrial
11,208

 
113

 
10,298

 
139

Lease financing
384

 
4

 
531

 
9

Other
48

 
1

 
—

 
—

Residential mortgage
15,592

 
107

 
13,855

 
184

Revolving mortgage
3,779

 
29

 
6,976

 
47

Construction and land development - noncommercial
2,061

 
26

 
913

 
13

Consumer
986

 
17

 
1,587

 
25

Average impaired originated loans and leases
$
126,318

 
$
1,131

 
$
147,704

 
$
1,968

 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
 
Six months ended June 30, 2013
(Dollars in thousands)
Average
balance
 
Interest income recognized
 
Average
balance
 
Interest income recognized
Impaired originated loans and leases:
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,413

 
$
31

 
$
8,899

 
$
213

Commercial mortgage
84,359

 
1,716

 
103,032

 
2,838

Other commercial real estate
2,731

 
60

 
3,028

 
82

Commercial and industrial
15,690

 
353

 
14,465

 
406

Lease financing
732

 
21

 
408

 
14

Other
24

 
1

 
—

 
—

Residential mortgage
15,824

 
284

 
15,003

 
412

Revolving mortgage
4,262

 
76

 
6,390

 
72

Construction and land development - noncommercial
1,946

 
50

 
783

 
25

Consumer
2,058

 
51

 
1,611

 
29

Average impaired originated loans and leases
$
129,039

 
$
2,643

 
$
153,619

 
$
4,091

The following tables show the activity in the allowance for acquired loan and lease losses by loan class for the three and six months ended June 30, 2014 and June 30, 2013.
 
Three months ended June 30, 2014
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
Acquired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at April 1
$
4,476

 
$
23,003

 
$
1,204

 
$
2,256

 
$
9,764

 
$
3,493

 
$
583

 
$
214

 
$
44,993

Provision
(77
)
 
(1,185
)
 
(797
)
 
(1,729
)
 
(2,176
)
 
(3,031
)
 
(583
)
 
49

 
(9,529
)
Charge-offs
(596
)
 
(4,503
)
 
—

 
(152
)
 
(495
)
 
(381
)
 
—

 
(6
)
 
(6,133
)
Recoveries
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance at June 30
$
3,803

 
$
17,315

 
$
407

 
$
375

 
$
7,093

 
$
81

 
$
—

 
$
257

 
$
29,331

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2013
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
Balance at April 1
$
13,306

 
$
38,293

 
$
5,172

 
$
11,876

 
$
17,603

 
$
7,135

 
$
2,756

 
$
332

 
$
96,473

Provision
(5,091
)
 
(2,522
)
 
(576
)
 
(4,936
)
 
55

 
(869
)
 
(1,524
)
 
(10
)
 
(15,473
)
Charge-offs
(626
)
 
(2,183
)
 
—

 
(1,004
)
 
(386
)
 
(235
)
 
—

 
(32
)
 
(4,466
)
Recoveries
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance at June 30
$
7,589

 
$
33,588

 
$
4,596

 
$
5,936

 
$
17,272

 
$
6,031

 
$
1,232

 
$
290

 
$
76,534

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
Balance at January 1
$
1,320

 
$
29,906

 
$
1,354

 
$
5,275

 
$
11,802

 
$
2,959

 
$
682

 
$
222

 
$
53,520

Provision
3,278

 
(4,571
)
 
(947
)
 
(2,065
)
 
(4,476
)
 
(2,397
)
 
(682
)
 
58

 
(11,802
)
Charge-offs
(795
)
 
(8,020
)
 
—

 
(2,835
)
 
(233
)
 
(481
)
 
—

 
(23
)
 
(12,387
)
Recoveries
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance at June 30
$
3,803

 
$
17,315

 
$
407

 
$
375

 
$
7,093

 
$
81

 
$
—

 
$
257

 
$
29,331

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
Balance at January 1
$
31,186

 
$
50,275

 
$
11,234

 
$
8,897

 
$
19,837

 
$
9,754

 
$
8,287

 
$
502

 
$
139,972

Provision
(18,238
)
 
(4,606
)
 
(5,707
)
 
(704
)
 
(1,450
)
 
(3,373
)
 
(3,837
)
 
(180
)
 
(38,095
)
Charge-offs
(5,359
)
 
(12,081
)
 
(931
)
 
(2,257
)
 
(1,115
)
 
(350
)
 
(3,218
)
 
(32
)
 
(25,343
)
Recoveries
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance at June 30
$
7,589

 
$
33,588

 
$
4,596

 
$
5,936

 
$
17,272

 
$
6,031

 
$
1,232

 
$
290

 
$
76,534

The following tables present the activity in the allowance for originated loan and lease losses by loan class for the three and six months ended June 30, 2014 and June 30, 2013:
 
Three months ended June 30, 2014
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other commercial real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Non-
specific
 
Total
Originated Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at April 1
$
12,246

 
$
94,217

 
$
945

 
$
24,021

 
$
4,183

 
$
454

 
$
10,944

 
$
16,408

 
$
1,249

 
$
13,282

 
$
—

 
$
177,949

Provision
(1,135
)
 
(1,961
)
 
(155
)
 
3,033

 
176

 
163

 
(1,557
)
 
1,252

 
(323
)
 
2,737

 
—

 
2,230

Charge-offs
—

 
(272
)
 
—

 
(531
)
 
(14
)
 
(5
)
 
(234
)
 
(1,064
)
 
(23
)
 
(2,628
)
 
—

 
(4,771
)
Recoveries
5

 
145

 
16

 
386

 
20

 
—

 
148

 
201

 
2

 
584

 
—

 
1,507

Balance at June 30
$
11,116

 
$
92,129

 
$
806

 
$
26,909

 
$
4,365

 
$
612

 
$
9,301

 
$
16,797

 
$
905

 
$
13,975

 
$
—

 
$
176,915

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2013
 
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other commercial real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Non-
specific
 
Total
Balance at April 1
$
4,311

 
$
82,119

 
$
1,915

 
$
13,661

 
$
3,543

 
$
1,490

 
$
3,790

 
$
24,499

 
$
1,419

 
$
24,027

 
$
15,772

 
$
176,546

Provision
3,296

 
(4,976
)
 
(51
)
 
(1,203
)
 
1,775

 
155

 
878

 
907

 
(244
)
 
1,694

 
—

 
2,231

Charge-offs
(1,286
)
 
(213
)
 
(18
)
 
(988
)
 
(92
)
 
—

 
(450
)
 
(878
)
 
—

 
(2,569
)
 
—

 
(6,494
)
Recoveries
270

 
491

 
26

 
288

 
19

 
3

 
61

 
307

 
23

 
643

 
—

 
2,131

Reclassification (1)
5,141

 
27,421

 
(815
)
 
7,551

 
(253
)
 
(1,288
)
 
5,717

 
(9,838
)
 
(478
)
 
(10,018
)
 
(15,772
)
 
7,368

Balance at June 30
$
11,732

 
$
104,842

 
$
1,057

 
$
19,309

 
$
4,992

 
$
360

 
$
9,996

 
$
14,997

 
$
720

 
$
13,777

 
$
—

 
$
181,782

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
 
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other commercial real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Non-
specific
 
Total
Balance at January 1
$
10,335

 
$
100,257

 
$
1,009

 
$
22,362

 
$
4,749

 
$
190

 
$
10,511

 
$
16,239

 
$
681

 
$
13,541

 
$
—

 
$
179,874

Provision
750

 
(8,940
)
 
(229
)
 
5,009

 
(348
)
 
435

 
(948
)
 
2,605

 
254

 
4,012

 
—

 
2,600

Charge-offs
—

 
(440
)
 
—

 
(1,027
)
 
(72
)
 
(13
)
 
(418
)
 
(2,324
)
 
(94
)
 
(4,805
)
 
—

 
(9,193
)
Recoveries
31

 
1,252

 
26

 
565

 
36

 
—

 
156

 
277

 
64

 
1,227

 
—

 
3,634

Balance at June 30
$
11,116

 
$
92,129

 
$
806

 
$
26,909

 
$
4,365

 
$
612

 
$
9,301

 
$
16,797

 
$
905

 
$
13,975

 
$
—

 
$
176,915

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other commercial real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Non-
specific
 
Total
Balance at January 1
$
6,031

 
$
80,229

 
$
2,059

 
$
14,050

 
$
3,521

 
$
1,175

 
$
3,836

 
$
25,185

 
$
1,721

 
$
25,389

 
$
15,850

 
$
179,046

Provision
1,462

 
(2,438
)
 
(151
)
 
(703
)
 
1,797

 
476

 
1,611

 
2,338

 
(357
)
 
2,290

 
(78
)
 
6,247

Charge-offs
(1,540
)
 
(869
)
 
(72
)
 
(2,246
)
 
(92
)
 
(6
)
 
(1,268
)
 
(3,066
)
 
(245
)
 
(5,157
)
 
—

 
(14,561
)
Recoveries
638

 
499

 
36

 
657

 
19

 
3

 
100

 
378

 
79

 
1,273

 
—

 
3,682

Reclassification (1)
5,141

 
27,421

 
(815
)
 
7,551

 
(253
)
 
(1,288
)
 
5,717

 
(9,838
)
 
(478
)
 
(10,018
)
 
(15,772
)
 
7,368

Balance at June 30
$
11,732

 
$
104,842

 
$
1,057

 
$
19,309

 
$
4,992

 
$
360

 
$
9,996

 
$
14,997

 
$
720

 
$
13,777

 
$
—

 
$
181,782


(1) Reclassification results from enhancements to the ALLL calculation during the second quarter of 2013 that resulted in the allocation of $15.8 million previously designated as 'non-specific' to other loan classes and the absorption of $7.4 million of the reserve for unfunded commitments related to unfunded, revocable loan commitments into the ALLL.
Allocation of Allowance for Loan and Lease Losses
The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of June 30, 2014 and December 31, 2013:

 
June 30, 2014
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
ALLL for loans and leases acquired with deteriorated credit quality
$
3,803

 
$
17,315

 
$
407

 
$
375

 
$
7,093

 
$
81

 
$
—

 
$
257

 
$
29,331

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases acquired with deteriorated credit quality
80,827

 
637,481

 
34,688

 
33,851

 
270,688

 
20,129

 
28,759

 
3,510

 
1,109,933

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(Dollars in thousands)
Construction
and land
development -
commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development -
noncommercial
 
Consumer
and other
 
Total
ALLL for loans and leases acquired with deteriorated credit quality
$
1,320

 
$
29,906

 
$
1,354

 
$
5,275

 
$
11,802

 
$
2,959

 
$
682

 
$
222

 
$
53,520

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases acquired with deteriorated credit quality
78,915

 
642,891

 
41,381

 
17,254

 
213,851

 
30,834

 
2,583

 
1,717

 
1,029,426

The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of June 30, 2014 and December 31, 2013:
 
June 30, 2014
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
155

 
$
7,704

 
$
179

 
$
1,425

 
$
297

 
$
—

 
$
1,613

 
$
1,024

 
$
201

 
$
653

 
$
13,251

ALLL for loans and leases collectively evaluated for impairment
10,961

 
84,425

 
627

 
25,484

 
4,068

 
612

 
7,688

 
15,773

 
704

 
13,322

 
163,664

Total allowance for loan and lease losses
$
11,116

 
$
92,129

 
$
806

 
$
26,909

 
$
4,365

 
$
612

 
$
9,301

 
$
16,797

 
$
905

 
$
13,975

 
$
176,915

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
2,573

 
$
87,046

 
$
1,962

 
$
10,811

 
$
376

 
$
46

 
$
15,448

 
$
3,754

 
$
1,934

 
$
937

 
$
124,887

Loans and leases collectively evaluated for impairment
339,448

 
6,280,050

 
176,937

 
1,281,402

 
413,046

 
131,005

 
1,055,641

 
2,118,921

 
117,486

 
376,200

 
12,290,136

Total loan and leases
$
342,021

 
$
6,367,096

 
$
178,899

 
$
1,292,213

 
$
413,422

 
$
131,051

 
$
1,071,089

 
$
2,122,675

 
$
119,420

 
$
377,137

 
$
12,415,023

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial
 
Lease
financing
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
103

 
$
6,873

 
$
209

 
$
771

 
$
54

 
$
—

 
$
1,586

 
$
372

 
$
72

 
$
121

 
$
10,161

ALLL for loans and leases collectively evaluated for impairment
10,232

 
93,384

 
800

 
21,591

 
4,695

 
190

 
8,925

 
15,867

 
609

 
13,420

 
169,713

Total allowance for loan and lease losses
$
10,335

 
$
100,257

 
$
1,009

 
$
22,362

 
$
4,749

 
$
190

 
$
10,511

 
$
16,239

 
$
681

 
$
13,541

 
$
179,874

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
2,272

 
$
97,111

 
$
1,878

 
$
9,300

 
$
188

 
$
—

 
$
15,539

 
$
3,596

 
$
1,108

 
$
1,154

 
$
132,146

Loans and leases collectively evaluated for impairment
317,575

 
6,265,379

 
176,876

 
1,071,858

 
381,575

 
175,336

 
966,882

 
2,109,689

 
121,684

 
385,298

 
11,972,152

Total loan and leases
$
319,847

 
$
6,362,490

 
$
178,754

 
$
1,081,158

 
$
381,763

 
$
175,336

 
$
982,421

 
$
2,113,285

 
$
122,792

 
$
386,452

 
$
12,104,298
Troubled Debt Restructurings on Financing Receivables
 
Three months ended June 30, 2014
 
Three months ended June 30, 2013
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
(Dollars in thousands)
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
Originated loans
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage
2

$
720

 
1

$
494

 
1

$
71

 
—

$
—

Other commercial real estate
—

—

 
—

—

 
1

100

 
—

—

Other
1

46

 
—

—

 
—

—

 
—

—

Total interest only
3

766

 
1

494

 
2

171

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
2

191

 
—

—

 
—

—

 
—

—

Commercial mortgage
—

—

 
—

—

 
1

242

 
1

223

Commercial and industrial
4

2,069

 
—

—

 
—

—

 
1

22

Residential mortgage
6

260

 
—

—

 
—

—

 
1

106

Consumer
1

10

 
—

—

 
1

46

 
—

—

Total loan term extension
13

2,530

 
—

—

 
2

288

 
3

351

 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage
3

1,991

 
5

1,563

 
7

2,035

 
—

—

Commercial and industrial
—

—

 
—

—

 
3

831

 
—

—

Other commercial real estate
1

365

 
—

—

 
3

753

 
—

—

Residential mortgage
10

427

 
—

—

 
6

885

 
1

99

Revolving mortgage
—

—

 
—

—

 
1

99

 
—

—

Construction and land development - noncommercial
—

—

 
—

—

 
2

521

 
—

—

Total below market interest rate
14

2,783

 
5

1,563

 
22

5,124

 
1

99

 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
1

13

 
—

—

 
2

87

 
—

—

Revolving mortgage
2

39

 
—

—

 
9

727

 
—

—

Consumer
2

8

 
—

—

 
—

—

 
—

—

Total discharged from bankruptcy
5

60

 
—

—

 
11

814

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Total originated restructurings
35

$
6,139

 
6

$
2,057

 
37

$
6,397

 
4

$
450




 
Six months ended June 30, 2014
 
Six months ended June 30, 2013
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
(Dollars in thousands)
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
Originated loans
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage
6

$
2,600

 
2

$
708

 
8

$
3,406

 
—

$
—

Commercial and industrial
1

196

 
—

—

 
—

—

 
—

—

Other commercial real estate
—

—

 
—

—

 
1

100

 
—

—

Residential mortgage
—

—

 
—

—

 
1

630

 
—

—

Lease financing
2

144

 
—

—

 
—

—

 
—

—

Other
1

46

 
—

—

 
—

—

 
—

—

Total interest only
10

2,986

 
2

708

 
10

4,136

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
2

191

 
—

—

 
—

—

 
—

—

Commercial mortgage
5

2,584

 
—

—

 
5

1,972

 
1

223

Commercial and industrial
4

2,069

 
—

—

 
1

229

 
1

22

Lease financing
2

224

 
—

—

 
—

—

 
—

—

Residential mortgage
11

593

 
—

—

 
3

51

 
1

106

Consumer
3

44

 
—

—

 
1

46

 
—

—

Total loan term extension
27

5,705

 
—

—

 
10

2,298

 
3

351

 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
10

363

 
—

—

 
1

224

 
—

—

Commercial mortgage
15

6,591

 
6

2,011

 
12

5,819

 
—

—

Commercial and industrial
6

143

 
—

—

 
4

846

 
—

—

Other commercial real estate
1

365

 
—

—

 
3

753

 
—

—

Residential mortgage
18

820

 
1

140

 
14

1,579

 
1

99

Revolving mortgage
5

274

 
—

—

 
1

99

 
—

—

Construction & land development - noncommercial
8

1,248

 
—

—

 
2

521

 
—

—

Consumer
—

—

 
—

—

 
3

235

 
—

—

Total below market interest rate
63

9,804

 
7

2,151

 
40

10,076

 
1

99

 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage
1

983

 
—

—

 
—

—

 
—

—

Residential mortgage
8

649

 
2

85

 
3

352

 
—

—

Revolving mortgage
7

442

 
—

—

 
30

2,383

 
3

93

Construction & land development - noncommercial
1

62

 
—

—

 
—

—

 
—

—

Consumer
3

26

 
—

—

 
—

—

 
—

—

Total discharged from bankruptcy
20

2,162

 
2

85

 
33

2,735

 
3

93

 
 
 
 
 
 
 
 
 
 
 
 
Total originated restructurings
120

$
20,657

 
11

$
2,944

 
93

$
19,245

 
7

$
543



The following tables provide the types of TDRs made during the three and six months ended June 30, 2014 and June 30, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the 12 months ended June 30, 2014 and June 30, 2013 that subsequently defaulted during the three and six months ended June 30, 2014 and June 30, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

 
Three months ended June 30, 2014
 
Three months ended June 30, 2013
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
(Dollars in thousands)
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
Acquired loans
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
—

$
—

 
—

$
—

 
—

$
—

 
1

$
104

Commercial mortgage
—

—

 
—

—

 
—

—

 
1

1,699

Residential mortgage
—

—

 
—

—

 
1

134

 
—

—

Total interest only
—

—

 
—

—

 
1

134

 
2

1,803

 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
1

53

 
1

53

 
—

—

 
—

—

Total loan term extension
1

53

 
1

53

 
—

—

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
1

273

 
—

—

 
—

—

 
—

—

Commercial mortgage
5

1,811

 
—

—

 
1

813

 
—

—

Commercial and industrial
1

23

 
—

—

 
—

—

 
—

—

Residential mortgage
23

2,963

 
1

23

 
2

997

 
1

224

Total below market interest rate
30

5,070

 
1

23

 
3

1,810

 
1

224

 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
26

1,828

 
2

94

 
—

—

 
—

—

Total discharged from bankruptcy
26

1,828

 
2

94

 
—

—

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Total acquired restructurings
57

$
6,951

 
4

$
170

 
4

$
1,944

 
3

$
2,027



 
Six months ended June 30, 2014
 
Six months ended June 30, 2013
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
(Dollars in thousands)
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
 
Number of loans
Recorded investment at period end
Acquired loans
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
—

$
—

 
—

$
—

 
—

$
—

 
1

$
104

Commercial mortgage
2

—

 
2

44

 
1

290

 
2

1,989

Residential mortgage
—

—

 
—

—

 
2

177

 
—

—

Total interest only
2

—

 
2

44

 
3

467

 
3

2,093

 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
1

276

 
—

—

 
—

—

 
—

—

Residential mortgage
1

53

 
1

53

 
1

199

 
—

—

Total loan term extension
2

329

 
1

53

 
1

199

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
2

308

 
—

—

 
4

3,331

 
—

—

Commercial mortgage
9

5,060

 
1

39

 
5

11,871

 
3

3,145

Commercial and industrial
1

23

 
—

—

 
2

435

 
—

—

Residential mortgage
25

3,066

 
2

23

 
7

2,484

 
3

931

Total below market interest rate
37

8,457

 
3

62

 
18

18,121

 
6

4,076

 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
26

1,828

 
2

94

 
—

—

 
—

—

Total discharged from bankruptcy
26

1,828

 
2

94

 
—

—

 
—

—

 
 
 
 
 
 
 
 
 
 
 
 
Total acquired restructurings
67

$
10,614

 
8

$
253

 
22

$
18,787

 
9

$
6,169

The following table provides a summary of total TDRs by accrual status.
 
June 30, 2014
 
December 31, 2013
(Dollars in thousands)
Accruing
 
 Nonaccruing
 
 Total
 
 Accruing
 
 Nonaccruing
 
 Total
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
5,946

 
$
2,248

 
$
8,194

 
$
21,032

 
$
1,002

 
$
22,034

Commercial mortgage
99,843

 
32,019

 
131,862

 
113,323

 
23,387

 
136,710

Other commercial real estate
3,203

 
1,277

 
4,480

 
3,470

 
1,150

 
4,620

Commercial and industrial
10,935

 
818

 
11,753

 
9,838

 
1,142

 
10,980

Lease
233

 
144

 
377

 
49

 
—

 
49

Other
46

 
—

 
46

 
—

 
—

 
—

Total commercial TDRs
120,206

 
36,506

 
156,712

 
147,712

 
26,681

 
174,393

Noncommercial
 
 
 
 
 
 
 
 
 
 
 
Residential
29,598

 
2,919

 
32,517

 
23,343

 
3,663

 
27,006

Revolving mortgage
3,821

 
—

 
3,821

 
3,095

 
—

 
3,095

Construction and land development - noncommercial
1,934

 
—

 
1,934

 
651

 
457

 
1,108

Consumer and other
937

 
—

 
937

 
1,154

 
—

 
1,154

Total noncommercial TDRs
36,290

 
2,919

 
39,209

 
28,243

 
4,120

 
32,363

Total TDRs
$
156,496

 
$
39,425

 
$
195,921

 
$
175,955

 
$
30,801

 
$
206,756


The following table shows the accrual status of acquired and originated TDRs.
(Dollars in thousands)
June 30, 2014
 
December 31, 2013
Accruing TDRs:
 
 
 
Acquired
$
62,592

 
$
90,829

Originated
93,904

 
85,126

Total accruing TDRs
156,496

 
175,955

Nonaccruing TDRs:
 
 
 
Acquired
17,861

 
11,479

Originated
21,564

 
19,322

Total nonaccruing TDRs
39,425

 
30,801

All TDRs:
 
 
 
Acquired
80,453

 
102,308

Originated
115,468

 
104,448

Total TDRs
$
195,921

 
$
206,756