Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

Loans And Leases Outstanding

Loans and leases outstanding include the following at September 30, 2014 and December 31, 2013:

(Dollars in thousands)	September 30, 2014		December 31, 2013
Acquired loans
Commercial:
Construction and land development	$	59,808	$	78,915
Commercial mortgage	579,435		642,891
Other commercial real estate	36,043		41,381
Commercial and industrial	25,813		17,254
Other	1,662		866
Total commercial loans	702,761		781,307
Noncommercial:
Residential mortgage	240,681		213,851
Revolving mortgage	50,048		30,834
Construction and land development	1,144		2,583
Consumer	1,646		851
Total noncommercial loans	293,519		248,119
Total acquired loans	996,280		1,029,426
Originated loans and leases:
Commercial:
Construction and land development	382,775		319,847
Commercial mortgage	6,475,366		6,362,490
Other commercial real estate	177,681		178,754
Commercial and industrial	1,359,945		1,081,158
Lease financing	443,318		381,763
Other	213,224		175,336
Total commercial loans	9,052,309		8,499,348
Noncommercial:
Residential mortgage	1,141,049		982,421
Revolving mortgage	2,120,167		2,113,285
Construction and land development	117,209		122,792
Consumer	375,777		386,452
Total noncommercial loans	3,754,202		3,604,950
Total originated loans and leases	12,806,511		12,104,298
Total loans and leases	$	13,802,791	$	13,133,724

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator

Originated loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below:

	September 30, 2014
(Dollars in thousands)	Originated commercial loans and leases
Grade:	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	371,835	$	6,218,527	$	174,039	$	1,253,945	$	434,915	$	213,184	$	8,666,445
Special mention	6,028		112,342		889		19,804		4,783		—		143,846
Substandard	4,912		140,703		2,590		5,461		3,204		40		156,910
Doubtful	—		2,494		—		19		399		—		2,912
Ungraded	—		1,300		163		80,716		17		—		82,196
Total	$	382,775	$	6,475,366	$	177,681	$	1,359,945	$	443,318	$	213,224	$	9,052,309
	December 31, 2013
	Originated commercial loans and leases
	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348

	September 30, 2014
	Originated noncommercial loans and leases
(Dollars in thousands)	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	1,111,371	$	2,104,212	$	116,377	$	372,348	$	3,704,308
30-59 days past due	18,528		8,941		458		2,045		29,972
60-89 days past due	3,380		2,064		117		828		6,389
90 days or greater past due	7,770		4,950		257		556		13,533
Total	$	1,141,049	$	2,120,167	$	117,209	$	375,777	$	3,754,202
	December 31, 2013
	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950

Acquired loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below:

	September 30, 2014
(Dollars in thousands)	Acquired loans
Grade:	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
Pass	$	7,883	$	318,221	$	11,249	$	20,208	$	131,302	$	22,811	$	70	$	1,416	$	513,160
Special mention	5,669		103,276		16,005		2,685		4,148		3,396		—		—		135,179
Substandard	40,876		144,810		8,789		2,767		32,636		2,588		50		240		232,756
Doubtful	2,766		12,737		—		153		771		965		294		—		17,686
Ungraded	2,614		391		—		—		71,824		20,288		730		1,652		97,499
Total	$	59,808	$	579,435	$	36,043	$	25,813	$	240,681	$	50,048	$	1,144	$	3,308	$	996,280
	December 31, 2013
	Acquired loans
	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
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426

Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date

The aging of the outstanding loans and leases, by class, at September 30, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below.

The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	September 30, 2014
(Dollars in thousands)	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	379	$	13	$	313	$	705	$	382,070	$	382,775
Commercial mortgage	11,337		4,536		11,009		26,882		6,448,484		6,475,366
Other commercial real estate	808		67		—		875		176,806		177,681
Commercial and industrial	5,366		634		845		6,845		1,353,100		1,359,945
Lease financing	527		322		513		1,362		441,956		443,318
Other	—		—		—		—		213,224		213,224
Residential mortgage	18,528		3,380		7,770		29,678		1,111,371		1,141,049
Revolving mortgage	8,941		2,064		4,950		15,955		2,104,212		2,120,167
Construction and land development - noncommercial	458		117		257		832		116,377		117,209
Consumer	2,045		828		556		3,429		372,348		375,777
Total originated loans and leases	$	48,389	$	11,961	$	26,213	$	86,563	$	12,719,948	$	12,806,511
	December 31, 2013
	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298

Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows:

	September 30, 2014				December 31, 2013
(Dollars in thousands)	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
Originated loans and leases:
Construction and land development - commercial	$	258	$	110	$	544	$	—
Other commercial real estate	1,401		—		1,610		—
Commercial mortgage	30,279		2,160		33,529		1,113
Commercial and industrial	1,696		111		1,428		294
Lease financing	410		513		832		—
Residential mortgage	13,713		1,870		14,701		1,998
Revolving mortgage	—		4,950		—		4,450
Construction and land development - noncommercial	—		257		457		256
Consumer	21		556		69		673
Total originated loans and leases	$	47,778	$	10,527	$	53,170	$	8,784

Changes In Carrying Value Of Acquired Impaired Loans

The following table provides changes in the recorded investment of acquired loans during the nine months ended September 30, 2014 and September 30, 2013:

(Dollars in thousands)	2014			2013
Balance at January 1	$	1,029,426		$	1,809,235
Fair value of acquired loans	316,327			—
Accretion	89,775			179,792
Payments received and other changes, net	(439,248		)	(800,746		)
Balance at September 30	$	996,280		$	1,188,281
Unpaid principal balance at September 30	$	1,754,882		$	2,082,873

Changes In The Amount Of Accretable Yield

For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the merger date were:

(Dollars in thousands)	January 1, 2014
Contractually required payments	$	414,233
Cash flows expected to be collected	400,622
Fair value at acquisition date	316,327

The following table documents changes to the amount of accretable yield for the first nine months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(89,775		)	(179,792		)
Reclassifications from nonaccretable difference	1,374			61,689
Changes in expected cash flows that do not affect nonaccretable difference	(22,068		)	45,611
Balance at September 30	$	413,816		$	467,072