LOANS

Loans consist of the following, segregated into legacy and acquired loans, for the periods indicated:



	June 30, 2017
(Dollars in thousands)	Legacy Loans		Acquired Loans		Total
Commercial loans:
Commercial real estate- construction	$	1,010,479	$	89,709	$	1,100,188
Commercial real estate- owner-occupied	1,815,167		390,241		2,205,408
Commercial real estate- non-owner-occupied	3,289,284		546,723		3,836,007
Commercial and industrial	3,390,699		293,382		3,684,081
Energy-related	550,162		1,806		551,968
	10,055,791		1,321,861		11,377,652

Residential mortgage loans:	970,961		375,506		1,346,467

Consumer and other loans:
Home equity	1,838,841		320,107		2,158,948
Indirect automobile	92,106		24		92,130
Other	535,711		45,108		580,819
	2,466,658		365,239		2,831,897
Total	$	13,493,410	$	2,062,606	$	15,556,016



	December 31, 2016
(Dollars in thousands)	Legacy Loans		Acquired Loans		Total
Commercial loans:
Commercial real estate- construction	$	740,761	$	61,408	$	802,169
Commercial real estate- owner-occupied	1,784,624		450,012		2,234,636
Commercial real estate- non-owner-occupied	3,097,929		667,532		3,765,461
Commercial and industrial	3,194,796		348,326		3,543,122
Energy-related	559,289		1,904		561,193
	9,377,399		1,529,182		10,906,581

Residential mortgage loans:	854,216		413,184		1,267,400

Consumer and other loans:
Home equity	1,783,421		372,505		2,155,926
Indirect automobile	131,048		4		131,052
Other	548,840		55,172		604,012
	2,463,309		427,681		2,890,990
Total	$	12,694,924	$	2,370,047	$	15,064,971

Net deferred loan origination fees were $24.1 million and $22.6 million at June 30, 2017 and December 31, 2016, respectively. In addition to loans issued in the normal course of business, the Company considers overdrafts on customer deposit accounts to be loans and reclassifies these overdrafts as loans in its consolidated balance sheets. At June 30, 2017 and December 31, 2016, overdrafts of $5.9 million and $4.2 million, respectively, have been reclassified to loans.

Loans with carrying values of $4.5 billion were pledged as collateral for borrowings at both June 30, 2017 and December 31, 2016, respectively.

Aging Analysis

The following tables provide an analysis of the aging of loans as of June 30, 2017 and December 31, 2016. Due to the difference in accounting for acquired loans, the tables below further segregate the Company’s loans between loans originated, or renewed and underwritten by the Company ("legacy loans") and acquired loans.



	June 30, 2017
	Legacy loans
	Accruing
(Dollars in thousands)	Current or less than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Total Loans
Commercial real estate - construction	$	1,008,834	$	214	$	—	$	—	$	214	$	1,431	$	1,010,479
Commercial real estate - owner-occupied	1,804,289		343		1,687		33		2,063		8,815		1,815,167
Commercial real estate- non-owner-occupied	3,277,719		3,245		3,046		267		6,558		5,007		3,289,284
Commercial and industrial	3,349,442		10,633		1,429		—		12,062		29,195		3,390,699
Energy-related	453,357		2,240		—		—		2,240		94,565		550,162
Residential mortgage	955,343		1,933		1,693		310		3,936		11,682		970,961
Consumer - home equity	1,819,163		4,983		4,161		—		9,144		10,534		1,838,841
Consumer - indirect automobile	89,590		1,353		261		—		1,614		902		92,106
Consumer - credit card	85,690		168		117		—		285		612		86,587
Consumer - other	444,743		2,809		567		—		3,376		1,005		449,124
Total	$	13,288,170	$	27,921	$	12,961	$	610	$	41,492	$	163,748	$	13,493,410



	December 31, 2016
	Legacy loans
	Accruing
(Dollars in thousands)	Current or less than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Total Loans
Commercial real estate - construction	$	740,761	$	—	$	—	$	—	$	—	$	—	$	740,761
Commercial real estate - owner-occupied	1,775,695		959		127		—		1,086		7,843		1,784,624
Commercial real estate- non-owner-occupied	3,088,207		902		224		—		1,126		8,596		3,097,929
Commercial and industrial	3,158,700		3,999		870		—		4,869		31,227		3,194,796
Energy-related	407,434		—		1,526		—		1,526		150,329		559,289
Residential mortgage	836,509		2,012		1,577		1,104		4,693		13,014		854,216
Consumer - home equity	1,768,763		5,249		1,430		—		6,679		7,979		1,783,421
Consumer - indirect automobile	127,054		2,551		405		—		2,956		1,038		131,048
Consumer - credit card	81,602		199		99		—		298		624		82,524
Consumer - other	462,650		2,155		618		—		2,773		893		466,316
Total	$	12,447,375	$	18,026	$	6,876	$	1,104	$	26,006	$	221,543	$	12,694,924



	June 30, 2017
	Acquired loans ^{(1) (2)}
	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Discount/Premium			Acquired Impaired Loans		Total Loans
Commercial real estate - construction	$	53,564	$	216	$	—	$	—	$	216	$	1,118	$	(183	)	$	34,994	$	89,709
Commercial real estate - owner-occupied	284,841		—		—		—		—		3,684		(2,670		)	104,386		390,241
Commercial real estate- non-owner-occupied	441,193		2,067		319		—		2,386		4,035		(94		)	99,203		546,723
Commercial and industrial	256,584		47		4,651		—		4,698		1,382		(712		)	31,430		293,382
Energy-related	1,657		154		—		—		154		—		(5		)	—		1,806
Residential mortgage	263,658		14		403		192		609		1,598		(1,609		)	111,250		375,506
Consumer - home equity	242,091		407		1,279		—		1,686		1,947		(4,497		)	78,880		320,107
Consumer - indirect automobile	18		—		—		—		—		—		—			6		24
Consumer - credit card	—		—		—		—		—		—		—			501		501
Consumer - other	40,644		307		94		—		401		444		(859		)	3,977		44,607
Total	$	1,584,250	$	3,212	$	6,746	$	192	$	10,150	$	14,208	$	(10,629	)	$	464,627	$	2,062,606



	December 31, 2016
	Acquired loans ^{(1) (2)}
	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Discount/Premium			Acquired Impaired Loans		Total Loans
Commercial real estate - construction	$	26,714	$	—	$	—	$	—	$	—	$	1,946	$	(243	)	$	32,991	$	61,408
Commercial real estate - owner-occupied	326,761		493		55		—		548		166		(3,084		)	125,621		450,012
Commercial real estate- non-owner-occupied	544,731		223		—		32		255		1,055		(565		)	122,056		667,532
Commercial and industrial	314,990		73		51		—		124		1,317		(837		)	32,732		348,326
Energy-related	1,910		—		—		—		—		—		(6		)	—		1,904
Residential mortgage	290,031		328		989		—		1,317		719		(1,835		)	122,952		413,184
Consumer - home equity	286,411		1,078		189		250		1,517		1,395		(5,237		)	88,419		372,505
Consumer - indirect automobile	—		—		—		—		—		—		—			4		4
Consumer - credit card	468		—		—		—		—		—		—			—		468
Consumer - other	49,449		391		97		—		488		360		(1,004		)	5,411		54,704
Total	$	1,841,465	$	2,586	$	1,381	$	282	$	4,249	$	6,958	$	(12,811	)	$	530,186	$	2,370,047


⁽¹⁾	Past due and non-accrual information presents acquired loans at the gross loan balance, prior to application of discounts.


⁽²⁾	Past due and non-accrual loan amounts exclude acquired impaired loans, even if contractually past due or if the Company does not expect to receive payment in full, as the Company is currently accreting interest income over the expected life of the loans.

Loans Acquired

The following is a summary of changes in the accretable difference for all loans accounted for under ASC 310-30 during the six months ended June 30:



(Dollars in thousands)	2017			2016
Balance at beginning of period	$	175,054		$	227,502
Transfers from non-accretable difference to accretable yield	2,544			4,425
Accretion	(28,496		)	(36,256		)
Changes in expected cash flows not affecting non-accretable differences⁽¹⁾	2,439			8,949
Balance at end of period	$	151,541		$	204,620


⁽¹⁾	Includes changes in cash flows expected to be collected due to the impact of changes in actual or expected timing of liquidation events, modifications, changes in interest rates and changes in prepayment assumptions.

Troubled Debt Restructurings

Information about the Company’s troubled debt restructurings ("TDRs") at June 30, 2017 and 2016 is presented in the following tables. Modifications of loans that are accounted for within a pool under ASC Topic 310-30 are excluded as TDRs. Accordingly, such modifications do not result in the removal of those loans from the pool, even if the modification of those loans would otherwise be considered a TDR. As a result, all such acquired loans that would otherwise meet the criteria for classification as a TDR are excluded from the tables below.

TDRs totaling $28.4 million and $165.3 million occurred during the six months ended June 30, 2017 and June 30, 2016, respectively, through modification of the original loan terms.

The following table provides information on how the TDRs were modified during the periods indicated:



	Three Months Ended June 30				Six Months Ended June 30
(Dollars in thousands)	2017		2016		2017		2016
Extended maturities	$	8,488	$	54,758	$	15,014	$	57,533
Maturity and interest rate adjustment	3,886		30,781		6,502		31,048
Movement to or extension of interest-rate only payments	38		440		138		440
Interest rate adjustment	26		134		26		134
Forbearance	3,466		33,426		4,687		38,367
Other concession(s) ⁽¹⁾	1,988		15,985		2,031		37,761
Total	$	17,892	$	135,524	$	28,398	$	165,283


⁽¹⁾	Other concessions may include covenant waivers, forgiveness of principal or interest associated with a customer bankruptcy, or a combination of any of the above concessions.

Of the $28.4 million of TDRs occurring during the six months ended June 30, 2017, $22.8 million are on accrual status and $5.6 million are on non-accrual status. Of the $165.3 million of TDRs occurring during the six months ended June 30, 2016, $126.6 million were on accrual status and $38.7 million were on non-accrual status.

The following table presents the end of period balance for loans modified in a TDR during the periods indicated:



	Three Months Ended June 30
	2017					2016
(In thousands, except number of loans)	Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment		Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Commercial real estate- construction	1	$	275	$	275	—	$	—	$	—
Commercial real estate- owner-occupied	1	32		31		3	794		785
Commercial real estate- non-owner-occupied	6	2,721		2,795		6	10,777		10,047
Commercial and industrial	24	9,028		8,551		16	19,496		19,353
Energy-related	—	—		—		19	82,882		100,205
Residential mortgage	6	521		492		10	1,438		1,438
Consumer - home equity	33	4,820		4,807		36	2,750		2,750
Consumer - indirect	23	224		114		—	—		—
Consumer - other	30	832		827		61	946		946
Total	124	$	18,453	$	17,892	151	$	119,083	$	135,524



	Six Months Ended June 30
	2017					2016
(In thousands, except number of loans)	Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment		Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Commercial real estate- construction	1	$	275	$	275	1	$	28	$	26
Commercial real estate- owner-occupied	2	1,730		1,698		5	1,069		1,050
Commercial real estate- non-owner-occupied	11	4,409		4,465		10	11,516		10,749
Commercial and industrial	33	9,254		8,747		28	24,018		23,632
Energy-related	—	—		—		25	110,443		119,890
Residential mortgage	10	780		730		25	4,733		4,692
Consumer - home equity	66	10,851		10,771		57	3,928		3,916
Consumer - indirect	33	360		222		—	—		—
Consumer - other	50	1,547		1,490		85	1,386		1,328
Total	206	$	29,206	$	28,398	236	$	157,121	$	165,283

Information detailing TDRs that defaulted during the three-month and six-month periods ended June 30, 2017 and 2016, and were modified in the previous twelve months (i.e., the twelve months prior to the default) is presented in the following tables. The Company has defined a default as any loan with a loan payment that is currently past due greater than 30 days, or was past due greater than 30 days at any point during the respective periods, or since the date of modification, whichever is shorter.



	Three Months Ended June 30
	2017			2016
(In thousands, except number of loans)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial real estate- construction	—	$	—	—	$	—
Commercial real estate- owner-occupied	5	2,297		—	—
Commercial real estate- non-owner-occupied	9	5,640		4	1,358
Commercial and industrial	17	8,081		5	758
Energy-related	—	—		1	2,250
Residential mortgage	5	454		4	480
Consumer - home equity	19	1,532		17	1,112
Consumer - indirect automobile	9	75		—	—
Consumer - other	17	592		34	482
Total	81	$	18,671	65	$	6,440



	Six Months Ended June 30
	2017			2016
(In thousands, except number of loans)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial real estate- construction	2	$	132	—	$	—
Commercial real estate- owner-occupied	7	2,404		—	—
Commercial real estate- non-owner-occupied	14	6,406		8	1,377
Commercial and industrial	25	8,239		8	3,273
Energy-related	—	—		1	2,250
Residential mortgage	21	1,854		7	536
Consumer - home equity	37	2,488		24	1,608
Consumer - indirect automobile	33	328		—	—
Consumer - other	29	893		67	598
Total	168	$	22,744	115	$	9,642