Loans Receivable, Net

The Company’s loan portfolio is comprised of three segments: residential real estate, commercial and consumer and other loans. The loan segments are further disaggregated into the following classes: residential real estate, commercial real estate, other commercial, home equity and other consumer loans. The following tables are presented for each portfolio class of loans receivable and provide information about the ALLL, loans receivable, impaired loans and TDRs.

The following schedules summarize the activity in the ALLL:



	Three Months ended March 31, 2014
(Dollars in thousands)	Total			Residential Real Estate		Commercial Real Estate		Other Commercial		Home Equity		Other Consumer
Allowance for loan and lease losses
Balance at beginning of period	$	130,351		14,067		70,332		28,630		9,299		8,023
Provision for loan losses	1,122			(178	)	40		933		203		124
Charge-offs	(1,586		)	(36	)	(181	)	(1,163	)	(113	)	(93	)
Recoveries	842			213		380		84		37		128
Balance at end of period	$	130,729		14,066		70,571		28,484		9,426		8,182



	Three Months ended March 31, 2013
(Dollars in thousands)	Total			Residential Real Estate		Commercial Real Estate		Other Commercial		Home Equity		Other Consumer
Allowance for loan and lease losses
Balance at beginning of period	$	130,854		15,482		74,398		21,567		10,659		8,748
Provision for loan losses	2,100			23		(952	)	1,699		1,457		(127	)
Charge-offs	(3,614		)	(177	)	(765	)	(1,158	)	(1,338	)	(176	)
Recoveries	1,495			83		654		373		55		330
Balance at end of period	$	130,835		15,411		73,335		22,481		10,833		8,775

The following schedules disclose the ALLL and loans receivable:



	March 31, 2014
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Allowance for loan and lease losses
Individually evaluated for impairment	$	10,236	699	3,429	4,731	167	1,210
Collectively evaluated for impairment	120,493		13,367	67,142	23,753	9,259	6,972
Total allowance for loan and lease losses	$	130,729	14,066	70,571	28,484	9,426	8,182
Loans receivable
Individually evaluated for impairment	$	192,184	21,420	118,724	37,029	8,922	6,089
Collectively evaluated for impairment	3,896,445		558,886	1,952,308	820,934	354,190	210,127
Total loans receivable	$	4,088,629	580,306	2,071,032	857,963	363,112	216,216



	December 31, 2013
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Allowance for loan and lease losses
Individually evaluated for impairment	$	11,949	990	3,763	6,155	265	776
Collectively evaluated for impairment	118,402		13,077	66,569	22,475	9,034	7,247
Total allowance for loan and lease losses	$	130,351	14,067	70,332	28,630	9,299	8,023
Loans receivable
Individually evaluated for impairment	$	199,680	24,070	119,526	41,504	9,039	5,541
Collectively evaluated for impairment	3,863,158		553,519	1,929,721	810,532	357,426	211,960
Total loans receivable	$	4,062,838	577,589	2,049,247	852,036	366,465	217,501

Substantially all of the Company’s loans receivable are with customers in the Company’s geographic market areas. Although the Company has a diversified loan portfolio, a substantial portion of its customers’ ability to honor their obligations is dependent upon the economic performance in the Company’s market areas. Net deferred fees, costs, premiums, and discounts of $7,746,000 and $10,662,000 were included in the loans receivable balance at March 31, 2014 and December 31, 2013, respectively.

The following schedules disclose the impaired loans:



	At or for the Three Months ended March 31, 2014
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	59,876	6,083	27,047	22,794	1,104	2,848
Unpaid principal balance	61,145		6,277	27,762	22,975	1,190	2,941
Specific valuation allowance	10,236		699	3,429	4,731	167	1,210
Average balance	60,689		6,658	25,482	24,904	995	2,650
Loans without a specific valuation allowance
Recorded balance	$	132,308	15,337	91,677	14,235	7,818	3,241
Unpaid principal balance	163,353		16,361	115,489	18,882	9,274	3,347
Average balance	135,243		16,087	93,643	14,362	7,986	3,165
Totals
Recorded balance	$	192,184	21,420	118,724	37,029	8,922	6,089
Unpaid principal balance	224,498		22,638	143,251	41,857	10,464	6,288
Specific valuation allowance	10,236		699	3,429	4,731	167	1,210
Average balance	195,932		22,745	119,125	39,266	8,981	5,815



	At or for the Year ended December 31, 2013
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	61,503	7,233	23,917	27,015	886	2,452
Unpaid principal balance	63,406		7,394	25,331	27,238	949	2,494
Specific valuation allowance	11,949		990	3,763	6,155	265	776
Average balance	59,823		7,237	26,105	22,460	767	3,254
Loans without a specific valuation allowance
Recorded balance	$	138,177	16,837	95,609	14,489	8,153	3,089
Unpaid principal balance	169,082		18,033	119,017	19,156	9,631	3,245
Average balance	139,129		18,103	95,808	14,106	8,844	2,268
Totals
Recorded balance	$	199,680	24,070	119,526	41,504	9,039	5,541
Unpaid principal balance	232,488		25,427	144,348	46,394	10,580	5,739
Specific valuation allowance	11,949		990	3,763	6,155	265	776
Average balance	198,952		25,340	121,913	36,566	9,611	5,522

Interest income recognized on impaired loans for the periods ended March 31, 2014 and December 31, 2013 was not significant.

The following is a loans receivable aging analysis:



	March 31, 2014
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	37,787	12,313	14,823	7,135	2,425	1,091
Accruing loans 60-89 days past due	5,075		1,043	2,183	1,245	186	418
Accruing loans 90 days or more past due	569		146	256	66	68	33
Non-accrual loans	78,905		8,439	51,614	8,640	7,875	2,337
Total past due and non-accrual loans	122,336		21,941	68,876	17,086	10,554	3,879
Current loans receivable	3,966,293		558,365	2,002,156	840,877	352,558	212,337
Total loans receivable	$	4,088,629	580,306	2,071,032	857,963	363,112	216,216



	December 31, 2013
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	25,761	10,367	7,016	3,673	2,432	2,273
Accruing loans 60-89 days past due	6,355		1,055	2,709	1,421	668	502
Accruing loans 90 days or more past due	604		429	—	160	5	10
Non-accrual loans	81,956		10,702	51,438	10,139	7,950	1,727
Total past due and non-accrual loans	114,676		22,553	61,163	15,393	11,055	4,512
Current loans receivable	3,948,162		555,036	1,988,084	836,643	355,410	212,989
Total loans receivable	$	4,062,838	577,589	2,049,247	852,036	366,465	217,501

The following is a summary of the TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented:



	Three Months ended March 31, 2014
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Troubled debt restructurings
Number of loans	13		—	5	7	1	—
Pre-modification recorded balance	$	5,110	—	2,475	2,439	196	—
Post-modification recorded balance	$	4,481	—	2,475	1,810	196	—
Troubled debt restructurings that subsequently defaulted
Number of loans	2		—	—	2	—	—
Recorded balance	$	42	—	—	42	—	—



	Three Months ended March 31, 2013
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Troubled debt restructurings
Number of loans	24		7	9	7	—	1
Pre-modification recorded balance	$	6,250	1,358	3,316	1,505	—	71
Post-modification recorded balance	$	6,591	1,699	3,316	1,505	—	71
Troubled debt restructurings that subsequently defaulted
Number of loans	5		—	3	1	—	1
Recorded balance	$	1,109	—	1,052	12	—	45

During the three months ended March 31, 2014, 29 percent of the modifications were due to extensions of maturity dates and 39 percent were due to a combination of interest rate reductions, extensions of maturity dates, or reductions in the face amount. For commercial real estate, the class with the largest dollar amount of TDRs, approximately 81 percent of the modifications were due to a combination of interest rate reductions, extension of maturity dates, or reductions in the face amount. During the three months ended March 31, 2013, 43 percent of modifications were due to extensions of maturity dates and 29 percent were due to a combination of interest rate reductions, extensions of maturity dates, or reductions in the face amount. For commercial real estate, 29 percent of the modifications were due to to extensions of maturity dates and 30 percent were due to a combination of interest rate reductions, extension of maturity dates, or reductions in the face amount.

In addition to the TDRs that occurred during the period provided in the preceding table, the Company had TDRs with pre-modification loan balances of $4,413,000 and $7,186,000 for the three months ended March 31, 2014 and 2013, respectively, for which other real estate owned (“OREO”) was received in full or partial satisfaction of the loans. The majority of such TDRs were in residential real estate and commercial real estate for the three months ended March 31, 2014 and 2013, respectively.