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Loans (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Schedule of Non-Covered and Covered Loans
Loans and leases consist of the following for the periods indicated:
(Dollars in thousands)
September 30, 2018
 
December 31, 2017
Commercial loans and leases:
 
 
 
Real estate - construction
$
1,127,988

 
$
1,240,396

Real estate - owner-occupied
2,458,964

 
2,375,321

Real estate - non-owner-occupied
5,794,931

 
5,322,513

Commercial and industrial (1)
5,581,040

 
5,135,067

 
14,962,923

 
14,073,297

 
 
 
 
Residential mortgage loans
4,300,163

 
3,056,352

 


 
 
Consumer loans:
 
 
 
Home equity
2,350,176

 
2,292,275

Other
730,644

 
656,257

 
3,080,820

 
2,948,532

Total
$
22,343,906

 
$
20,078,181

(1) 
Includes equipment financing leases
Schedule of Aging of Loans
The following tables provide an analysis of the aging of loans as of September 30, 2018 and December 31, 2017. 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.

 
September 30, 2018
 
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
 
Acquired Impaired
 
Total
Real estate- construction
$
1,105,488

 
$
75

 
$
830

 
$
—

 
$
905

 
$
1,122

 
$
20,473

 
$
1,127,988

Real estate- owner-occupied
2,353,176

 
1,792

 
872

 
2,930

 
5,594

 
19,089

 
81,105

 
2,458,964

Real estate- non-owner-occupied
5,678,485

 
10,995

 
4,266

 
505

 
15,766

 
20,497

 
80,183

 
5,794,931

Commercial and industrial
5,474,922

 
8,083

 
3,568

 
614

 
12,265

 
66,815

 
27,038

 
5,581,040

Residential mortgage
4,132,941

 
4,597

 
18,915

 
8,403

 
31,915

 
15,898

 
119,409

 
4,300,163

Consumer - home equity
2,246,693

 
8,727

 
2,963

 
—

 
11,690

 
17,854

 
73,939

 
2,350,176

Consumer - other
720,666

 
3,934

 
1,007

 
—

 
4,941

 
2,320

 
2,717

 
730,644

Total
$
21,712,371

 
$
38,203

 
$
32,421

 
$
12,452

 
$
83,076

 
$
143,595

 
$
404,864

 
$
22,343,906



 
December 31, 2017
 
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
 
Acquired Impaired
 
Total
Real estate- construction
$
1,197,766

 
$
269

 
$
—

 
$
458

 
$
727

 
$
2,635

 
$
39,268

 
$
1,240,396

Real estate- owner-occupied
2,243,923

 
1,631

 
659

 
74

 
2,364

 
24,457

 
104,577

 
2,375,321

Real estate- non-owner-occupied
5,220,648

 
2,086

 
6,405

 
887

 
9,378

 
6,811

 
85,676

 
5,322,513

Commercial and industrial
5,014,438

 
5,788

 
5,726

 
146

 
11,660

 
77,823

 
31,146

 
5,135,067

Residential mortgage
2,877,048

 
10,083

 
8,136

 
5,317

 
23,536

 
17,387

 
138,381

 
3,056,352

Consumer - home equity
2,186,554

 
11,675

 
2,947

 
18

 
14,640

 
12,365

 
78,716

 
2,292,275

Consumer - other
642,244

 
5,286

 
1,026

 
—

 
6,312

 
3,910

 
3,791

 
656,257

Total
$
19,382,621

 
$
36,818

 
$
24,899

 
$
6,900

 
$
68,617

 
$
145,388

 
$
481,555

 
$
20,078,181
Schedule of Carrying Amount of Loans Acquired
The tables below show the fair value estimates of loans acquired from Gibraltar for these two subsections of the portfolio as of the acquisition date. These amounts are subject to change due to the finalization of purchase accounting adjustments.
(Dollars in thousands)
Acquired Non-Impaired Loans
Contractually required principal and interest at acquisition
$
1,695,918

Expected losses and foregone interest
(19,952
)
Cash flows expected to be collected at acquisition
1,675,966

Fair value of acquired loans at acquisition
$
1,455,044

(Dollars in thousands)
Acquired Impaired Loans
Contractually required principal and interest at acquisition
$
43,779

Non-accretable difference (expected losses and foregone interest)
(31,174
)
Cash flows expected to be collected at acquisition
12,605

Accretable yield
(2,371
)
Basis in acquired loans at acquisition
$
10,234
Summary of Changes in Accretable Yields of Acquired Loans
The following is a summary of changes in the accretable difference for all loans accounted for under ASC 310-30 during the nine months ended September 30:
(Dollars in thousands)
 
2018
 
2017
Balance at beginning of period
 
$
152,623

 
$
175,054

Additions
 
2,371

 
32,937

Transfers from non-accretable difference to accretable yield
 
(4
)
 
4,977

Accretion
 
(37,115
)
 
(42,435
)
Changes in expected cash flows not affecting non-accretable differences (1)
 
21,092

 
(242
)
Balance at end of period
 
$
138,967

 
$
170,291


(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.
Schedule of Modified TDRs
The following table provides information on how the TDRs were modified during the periods indicated:
 
Three Months Ended September 30
 
Nine Months Ended September 30,
(Dollars in thousands)
2018
 
2017
 
2018
 
2017
Extended maturities
$
3,658

 
$
3,184

 
$
10,020

 
$
18,177

Maturity and interest rate adjustment
267

 
204

 
368

 
5,151

Movement to or extension of interest-rate only payments
—

 
3,560

 
48

 
3,692

Interest rate adjustment
—

 
—

 
101

 
25

Forbearance
802

 
841

 
14,386

 
5,528

Other concession(s) (1)
1,810

 
16,797

 
21,031

 
18,944

Total
$
6,537

 
$
24,586

 
$
45,954

 
$
51,517

(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.
Schedule of Subsequently Defaulted TDRs
The following table presents the end of period balance for loans modified in a TDR during the periods indicated:

 
Three Months Ended September 30,
 
2018
 
2017
(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
Real estate- construction
—

 
$
—

 
$
—

 
2

 
$
1,166

 
$
1,164

Real estate- owner-occupied
1

 
2,312

 
2,312

 
3

 
717

 
713

Real estate- non-owner-occupied
6

 
1,818

 
1,790

 
10

 
5,306

 
5,298

Commercial and industrial
9

 
829

 
804

 
11

 
11,650

 
12,502

Residential mortgage
3

 
257

 
255

 
7

 
409

 
392

Consumer - home equity
15

 
1,152

 
1,124

 
38

 
3,495

 
3,479

Consumer - other
11

 
352

 
252

 
36

 
1,078

 
1,038

Total
45

 
$
6,720

 
$
6,537

 
107

 
$
23,821

 
$
24,586


 
Nine Months Ended September 30,
 
2018
 
2017
(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
Real estate- construction
1

 
$
1,950

 
$
976

 
2

 
$
1,166

 
$
1,164

Real estate- owner-occupied
8

 
15,233

 
13,373

 
5

 
2,447

 
2,411

Real estate- non-owner-occupied
13

 
3,228

 
3,064

 
21

 
9,645

 
11,505

Commercial and industrial
32

 
32,827

 
22,769

 
44

 
18,743

 
19,399

Residential mortgage
9

 
898

 
837

 
16

 
1,126

 
1,030

Consumer - home equity
47

 
4,130

 
4,047

 
99

 
13,573

 
13,471

Consumer - other
53

 
1,056

 
888

 
106

 
2,745

 
2,537

Total
163

 
$
59,322

 
$
45,954

 
293

 
$
49,445

 
$
51,517

Information detailing TDRs that defaulted during the three-month and nine-month periods ended September 30, 2018 and 2017, 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 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 September 30,
 
2018
 
2017
(In thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- construction
—

 
$
—

 
2

 
$
1,164

Real estate- owner-occupied
1

 
929

 
4

 
1,304

Real estate- non-owner-occupied
1

 
7

 
11

 
2,206

Commercial and industrial
2

 
127

 
16

 
1,008

Residential mortgage
—

 
—

 
13

 
819

Consumer - home equity
4

 
380

 
23

 
2,150

Consumer - other
6

 
86

 
49

 
795

Total
14

 
$
1,529

 
118

 
$
9,446

 
Nine Months Ended September 30,
 
2018
 
2017
(In thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- construction
—

 
$
—

 
2

 
$
1,164

Real estate- owner-occupied
6

 
10,101

 
8

 
3,234

Real estate- non-owner-occupied
6

 
1,084

 
16

 
4,929

Commercial and industrial
12

 
3,632

 
31

 
5,939

Residential mortgage
8

 
912

 
18

 
1,243

Consumer - home equity
17

 
1,978

 
34

 
3,215

Consumer - other
39

 
488

 
65

 
1,264

Total
88

 
$
18,195

 
174

 
$
20,988