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Loans, Leases and Other Real Estate (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Composition of Company`s Loan and Lease Portfolio
The following sets forth the composition of the Company’s loan and lease portfolio:
 
March 31,
2018
 
December 31,
2017
 
(in thousands)
Commercial, secured by real estate
$
2,885,997

 
$
2,831,184

Commercial, industrial and other
339,665

 
340,400

Leases
78,238

 
75,039

Real estate - residential mortgage
323,054

 
322,880

Real estate - construction
283,378

 
264,908

Home equity and consumer
317,720

 
322,269

Total loans and leases
4,228,052

 
4,156,680

Less: deferred fees
(4,083
)
 
(3,960
)
Loans and leases, net of deferred fees
$
4,223,969

 
$
4,152,720
Schedule of Changes in Accretable Yield
The following table presents changes in the accretable yield for PCI loans:
 
For the Three Months Ended
 
March 31, 2018
 
March 31, 2017
 
(in thousands)
Balance, beginning of period
$
129

 
$
145

Acquisitions
—

 
—

Accretion
(44
)
 
(51
)
Net reclassification non-accretable difference
28

 
86

Balance, end of period
$
113

 
$
180
Company's Non-Performing Assets and its Accruing Troubled Debt Restructurings, Excluding PCI Loans
The following schedule sets forth certain information regarding the Company’s non-performing assets and its accruing troubled debt restructurings, excluding PCI loans:
 
March 31,
2018
 
December 31,
2017
 
(in thousands)
Commercial, secured by real estate
$
4,732

 
$
5,890

Commercial, industrial and other
1,505

 
184

Leases
250

 
144

Real estate - residential mortgage
3,045

 
3,860

Real estate - construction
1,472

 
1,472

Home equity and consumer
2,341

 
2,105

Total non-accrual loans and leases
$
13,345

 
$
13,655

Other real estate and other repossessed assets
1,392

 
843

TOTAL NON-PERFORMING ASSETS
$
14,737

 
$
14,498

Troubled debt restructurings, still accruing
$
9,526

 
$
11,462
Age Analysis of Past Due Loans, Segregated by Class of Loans
An age analysis of past due loans, segregated by class of loans as of March 31, 2018 and December 31, 2017, is as follows:
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater Than 89 Days Past Due
 
Total Past Due
 
Current
 
Total Loans and Leases
 
Recorded Investment Greater than 89 Days and Still Accruing
 
(in thousands)
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
7,619

 
$
57

 
$
2,174

 
$
9,850

 
$
2,876,147

 
$
2,885,997

 
$
—

Commercial, industrial and other
650

 
—

 
232

 
882

 
338,783

 
339,665

 
—

Leases
167

 
808

 
250

 
1,225

 
77,013

 
78,238

 
—

Real estate - residential mortgage
3,221

 
162

 
2,191

 
5,574

 
317,480

 
323,054

 
—

Real estate - construction
—

 
—

 
1,472

 
1,472

 
281,906

 
283,378

 
—

Home equity and consumer
2,331

 
236

 
1,455

 
4,022

 
313,698

 
317,720

 
1

 
$
13,988

 
$
1,263

 
$
7,774

 
$
23,025

 
$
4,205,027

 
$
4,228,052

 
$
1

December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
3,663

 
$
1,082

 
$
3,817

 
$
8,562

 
$
2,822,622

 
$
2,831,184

 
$
—

Commercial, industrial and other
80

 
121

 
56

 
257

 
340,143

 
340,400

 
—

Leases
496

 
139

 
144

 
779

 
74,260

 
75,039

 
—

Real estate - residential mortgage
939

 
908

 
3,137

 
4,984

 
317,896

 
322,880

 
—

Real estate - construction
—

 
—

 
1,472

 
1,472

 
263,436

 
264,908

 
—

Home equity and consumer
1,258

 
310

 
1,386

 
2,954

 
319,315

 
322,269

 
200

 
$
6,436

 
$
2,560

 
$
10,012

 
$
19,008

 
$
4,137,672

 
$
4,156,680

 
$
200
Impaired Loans with and without Specific Allowances
Impaired loans as of March 31, 2018 and December 31, 2017 are as follows:
March 31, 2018
Recorded
Investment in
Impaired Loans
 
Contractual
Unpaid
Principal
Balance
 
Specific
Allowance
 
Average
Investment in
Impaired Loans
 
Interest
Income
Recognized
 
(in thousands)
Loans without specific allowance:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
6,342

 
$
6,535

 
$
—

 
$
7,799

 
$
53

Commercial, industrial and other
1,871

 
2,869

 
—

 
584

 
5

Leases
—

 
—

 
—

 
—

 
—

Real estate - residential mortgage
429

 
444

 
—

 
947

 
4

Real estate - construction
1,471

 
1,471

 
—

 
1,471

 
—

Home equity and consumer
—

 
—

 
—

 
—

 
—

Loans with specific allowance:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
7,424

 
7,767

 
386

 
9,035

 
98

Commercial, industrial and other
236

 
235

 
9

 
235

 
3

Leases
36

 
36

 
16

 
36

 
—

Real estate - residential mortgage
771

 
911

 
4

 
772

 
5

Real estate - construction
—

 
—

 
—

 
—

 
—

Home equity and consumer
980

 
1,005

 
8

 
975

 
9

Total:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
13,766

 
$
14,302

 
$
386

 
$
16,834

 
$
151

Commercial, industrial and other
2,107

 
3,104

 
9

 
819

 
8

Leases
36

 
36

 
16

 
36

 
—

Real estate - residential mortgage
1,200

 
1,355

 
4

 
1,719

 
9

Real estate - construction
1,471

 
1,471

 
—

 
1,471

 
—

Home equity and consumer
980

 
1,005

 
8

 
975

 
9

 
$
19,560

 
$
21,273

 
$
423

 
$
21,854

 
$
177

December 31, 2017
Recorded
Investment in
Impaired Loans
 
Contractual
Unpaid
Principal
Balance
 
Specific
Allowance
 
Average
Investment in
Impaired Loans
 
Interest
Income
Recognized
 
(in thousands)
Loans without specific allowance:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
12,155

 
$
12,497

 
—

 
$
12,774

 
$
366

Commercial, industrial and other
618

 
618

 
—

 
618

 
25

Leases
—

 
—

 
—

 
—

 
—

Real estate - residential mortgage
963

 
980

 
—

 
996

 
15

Real estate - construction
1,471

 
1,471

 
—

 
1,471

 
—

Home equity and consumer
—

 
—

 
—

 
6

 
—

Loans with specific allowance:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
5,381

 
5,721

 
454

 
5,029

 
206

Commercial, industrial and other
164

 
164

 
9

 
283

 
14

Leases
65

 
65

 
30

 
29

 
—

Real estate - residential mortgage
781

 
919

 
4

 
940

 
27

Real estate - construction
—

 
—

 
—

 
—

 
—

Home equity and consumer
993

 
1,026

 
8

 
1,090

 
52

Total:
 
 
 
 
 
 
 
 
 
Commercial, secured by real estate
$
17,536

 
$
18,218

 
$
454

 
$
17,803

 
$
572

Commercial, industrial and other
782

 
782

 
9

 
901

 
39

Leases
65

 
65

 
30

 
29

 
—

Real estate - residential mortgage
1,744

 
1,899

 
4

 
1,936

 
42

Real estate - construction
1,471

 
1,471

 
—

 
1,471

 
—

Home equity and consumer
993

 
1,026

 
8

 
1,096

 
52

 
$
22,591

 
$
23,461

 
$
505

 
$
23,236

 
$
705
Company's Commercial Loan Portfolio
The following table shows the Company’s commercial loan portfolio as of March 31, 2018 and December 31, 2017, by the risk ratings discussed above (in thousands):
March 31, 2018
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Real Estate -
Construction
RISK RATING
 
 
 
 
 
1
$
—

 
$
362

 
$
—

2
—

 
26,755

 
—

3
75,608

 
44,973

 
—

4
882,811

 
96,031

 
19,098

5
1,822,829

 
145,396

 
253,407

5W - Watch
40,360

 
9,022

 
8,292

6 - Other assets especially mentioned
41,753

 
8,693

 
—

7 - Substandard
22,636

 
8,433

 
2,581

8 - Doubtful
—

 
—

 
—

9 - Loss
—

 
—

 
—

Total
$
2,885,997

 
$
339,665

 
$
283,378

December 31, 2017
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Real Estate -
Construction
RISK RATING
 
 
 
 
 
1
$
—

 
$
392

 
$
—

2
—

 
26,968

 
—

3
76,824

 
35,950

 
—

4
862,537

 
96,426

 
15,502

5
1,779,908

 
150,928

 
246,806

5W - Watch
47,178

 
8,779

 
—

6 - Other assets especially mentioned
40,245

 
8,670

 
—

7 - Substandard
24,492

 
12,287

 
2,600

8 - Doubtful
—

 
—

 
—

9 - Loss
—

 
—

 
—

Total
$
2,831,184

 
$
340,400

 
$
264,908
Allowance for Loan and Lease Losses by Portfolio Segment
The following table details activity in the allowance for loan and lease losses by portfolio segment for the three months ended March 31, 2018 and 2017:
Three Months Ended March 31, 2018
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Beginning Balance
$
25,704

 
$
2,313

 
$
630

 
$
1,557

 
$
2,731

 
$
2,520

 
$
35,455

Charge-offs
(22
)
 
(1,012
)
 
(23
)
 
(93
)
 
—

 
(100
)
 
(1,250
)
Recoveries
31

 
20

 
2

 
2

 
5

 
95

 
155

Provision
104

 
447

 
433

 
123

 
196

 
(19
)
 
1,284

Ending Balance
$
25,817

 
$
1,768

 
$
1,042

 
$
1,589

 
$
2,932

 
$
2,496

 
$
35,644

Three Months Ended March 31, 2017
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Beginning Balance
$
21,223

 
$
1,723

 
$
548

 
$
1,964

 
$
2,352

 
$
3,435

 
$
31,245

Charge-offs
(220
)
 
(163
)
 
(43
)
 
(141
)
 
(609
)
 
(184
)
 
(1,360
)
Recoveries
219

 
95

 
4

 
—

 
15

 
154

 
487

Provision
861

 
137

 
(7
)
 
2

 
620

 
(395
)
 
1,218

Ending Balance
$
22,083

 
$
1,792

 
$
502

 
$
1,825

 
$
2,378

 
$
3,010

 
$
31,590
Loans Receivable Summarized by Portfolio Segment and Impairment Method
Loans receivable summarized by portfolio segment and impairment method are as follows:
March 31, 2018
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Ending Balance: Individually evaluated for impairment
$
13,766

 
$
2,107

 
$
36

 
$
1,200

 
$
1,471

 
$
980

 
$
19,560

Ending Balance: Collectively evaluated for impairment
2,871,534

 
337,558

 
78,202

 
321,854

 
281,907

 
316,739

 
4,207,794

Ending Balance: Loans acquired with deteriorated credit quality
697

 
—

 
—

 
—

 
—

 
1

 
698

Ending Balance (1)
$
2,885,997

 
$
339,665

 
$
78,238

 
$
323,054

 
$
283,378

 
$
317,720

 
$
4,228,052

December 31, 2017
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Ending Balance: Individually evaluated for impairment
$
17,536

 
$
782

 
$
65

 
$
1,744

 
$
1,471

 
$
993

 
$
22,591

Ending Balance: Collectively evaluated for impairment
2,812,941

 
339,618

 
74,974

 
321,136

 
263,437

 
321,273

 
4,133,379

Ending balance: Loans acquired with deteriorated credit quality
707

 
—

 
—

 
—

 
—

 
3

 
710

Ending Balance (1)
$
2,831,184

 
$
340,400

 
$
75,039

 
$
322,880

 
$
264,908

 
$
322,269

 
$
4,156,680

(1)
Excludes deferred fees
Allowance for Loan Losses Summarized by Portfolio Segment and Impairment Classification
The allowance for loan and lease losses is summarized by portfolio segment and impairment classification as follows:
March 31, 2018
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Ending Balance: Individually evaluated for impairment
$
386

 
$
9

 
$
16

 
$
4

 
$
—

 
$
8

 
$
423

Ending Balance: Collectively evaluated for impairment
25,431

 
1,759

 
1,026

 
1,585

 
2,932

 
2,488

 
35,221

Ending Balance
$
25,817

 
$
1,768

 
$
1,042

 
$
1,589

 
$
2,932

 
$
2,496

 
$
35,644

December 31, 2017
Commercial,
Secured by
Real Estate
 
Commercial,
Industrial
and Other
 
Leases
 
Real Estate-
Residential
Mortgage
 
Real Estate-
Construction
 
Home
Equity and
Consumer
 
Total
 
(in thousands)
Ending Balance: Individually evaluated for impairment
$
454

 
$
9

 
$
30

 
$
4

 
$
—

 
$
8

 
$
505

Ending Balance: Collectively evaluated for impairment
25,250

 
2,304

 
600

 
1,553

 
2,731

 
2,512

 
34,950

Ending Balance
$
25,704

 
$
2,313

 
$
630

 
$
1,557

 
$
2,731

 
$
2,520

 
$
35,455
Summary of Restructured Loans
The following table summarizes loans that have been restructured during the three months ended March 31, 2018 and 2017:
 
For the Three Months Ended
March 31, 2018
 
For the Three Months Ended
March 31, 2017
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
(dollars in thousands)
Commercial, secured by real estate
2

 
$
1,657

 
$
1,657

 
2

 
$
2,879

 
$
2,879

 
2

 
$
1,657

 
$
1,657

 
2

 
$
2,879

 
$
2,879
Summary of Restructured Loans within Previous Twelve Months that have Subsequently Defaulted
The following table summarizes as of March 31, 2018 and 2017, loans that were restructured within the previous twelve months that have subsequently defaulted:
 
March 31, 2018
 
March 31, 2017
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
(dollars in thousands)
Real estate - residential mortgage
—

 
$
—

 
1

 
$
226

 
—

 
$
—

 
1

 
$
226