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Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of Non-Covered and Covered Loans
Loans and leases by portfolio segment and class consist of the following for the periods indicated:
(in thousands)
June 30, 2019
 
December 31, 2018
Commercial loans and leases:
 
 
 
Real estate - construction
$
1,342,984

 
$
1,196,366

Real estate - owner-occupied
2,373,143

 
2,395,822

Real estate - non-owner-occupied
6,102,143

 
5,796,117

Commercial and industrial (1)
6,161,759

 
5,737,017

   Total commercial loans and leases
15,980,029

 
15,125,322

Residential mortgage loans
4,538,194

 
4,359,156

Consumer and other loans:
 
 
 
Home equity
2,147,897

 
2,304,694

Other
689,191

 
730,643

   Total consumer and other loans
2,837,088

 
3,035,337

Total loans and leases
$
23,355,311

 
$
22,519,815

(1) 
Includes equipment financing leases
Schedule of Aging of Loans
The following tables provide an analysis of the aging of loans and leases as of June 30, 2019 and December 31, 2018. 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. For additional information on the determination of past due status and the Company's policies for recording payments received, placing loans and leases on non-accrual status, and the resumption of interest accrual on non-accruing loans and leases, see Note 1, Summary of Significant Accounting Policies, in the 2018 10-K.

 
June 30, 2019
 
Accruing
 
 
 
 
 
 
(in thousands)
Current or Less Than 30 days Past Due
 
30-59 days
 
60-89 days
 
> 90 days
 
Total Past Due
 
Non-accrual (1)
 
Acquired Impaired
 
Total
Real estate- construction
$
1,322,728

 
$
207

 
$
—

 
$
—

 
$
207

 
$
1,188

 
$
18,861

 
$
1,342,984

Real estate- owner-occupied
2,285,316

 
7,274

 
—

 
—

 
7,274

 
15,789

 
64,764

 
2,373,143

Real estate- non-owner-occupied
6,007,594

 
2,456

 
6,345

 
—

 
8,801

 
22,028

 
63,720

 
6,102,143

Commercial and industrial
6,086,983

 
3,035

 
437

 
—

 
3,472

 
48,747

 
22,557

 
6,161,759

Residential mortgage
4,393,649

 
4,914

 
5,941

 
851

 
11,706

 
50,046

 
82,793

 
4,538,194

Consumer - home equity
2,067,280

 
7,123

 
1,616

 
—

 
8,739

 
18,646

 
53,232

 
2,147,897

Consumer - other
680,595

 
2,972

 
701

 
—

 
3,673

 
2,548

 
2,375

 
689,191

Total
$
22,844,145

 
$
27,981

 
$
15,040

 
$
851

 
$
43,872

 
$
158,992

 
$
308,302

 
$
23,355,311


(1) 
Of the total non-accrual loans at June 30, 2019, $11.3 million were past due 30-59 days, $4.2 million were past due 60-89 days, and $68.6 million were past due more than 90 days.

 
December 31, 2018
 
Accruing
 
 
 
 
 
 
(in thousands)
Current or Less Than 30 days Past Due
 
30-59 days
 
60-89 days
 
> 90 days
 
Total Past Due
 
Non-accrual (1)
 
Acquired Impaired
 
Total
Real estate- construction
$
1,167,795

 
$
1,054

 
$
—

 
$
—

 
$
1,054

 
$
1,094

 
$
26,423

 
$
1,196,366

Real estate- owner-occupied
2,305,743

 
7,167

 
—

 
—

 
7,167

 
10,260

 
72,652

 
2,395,822

Real estate- non-owner-occupied
5,703,131

 
7,473

 
360

 
—

 
7,833

 
15,898

 
69,255

 
5,796,117

Commercial and industrial
5,645,304

 
5,139

 
1,320

 
553

 
7,012

 
57,860

 
26,841

 
5,737,017

Residential mortgage
4,218,146

 
2,768

 
13,063

 
1,575

 
17,406

 
30,396

 
93,208

 
4,359,156

Consumer - home equity
2,200,517

 
10,283

 
2,409

 
—

 
12,692

 
18,830

 
72,655

 
2,304,694

Consumer - other
719,122

 
4,695

 
1,601

 
—

 
6,296

 
2,846

 
2,379

 
730,643

Total
$
21,959,758

 
$
38,579

 
$
18,753

 
$
2,128

 
$
59,460

 
$
137,184

 
$
363,413

 
$
22,519,815

(1) 
Of the total non-accrual loans at December 31, 2018, $7.0 million were past due 30-59 days, $3.7 million were past due 60-89 days, and $66.9 million were past due more than 90 days.

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 six months ended June 30:
(in thousands)
 
2019
 
2018
Balance at beginning of period
 
$
133,342

 
$
152,623

Additions
 
—

 
2,371

Transfers from non-accretable difference to accretable yield
 
(2,563
)
 
(467
)
Accretion
 
(19,580
)
 
(25,140
)
Changes in expected cash flows not affecting non-accretable differences (1)
 
(4,341
)
 
7,597

Balance at end of period
 
$
106,858

 
$
136,984


(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 June 30,
 
Six Months Ended June 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Extended maturities
$
7,633

 
$
1,790

 
$
11,175

 
$
7,193

Maturity and interest rate adjustment
224

 
—

 
617

 
102

Movement to or extension of interest-rate only payments
1,771

 
1,316

 
1,783

 
1,364

Interest rate adjustment
74

 
—

 
74

 
103

Forbearance
—

 
1,405

 
5,742

 
13,936

Other concession(s) (1)
10,950

 
15,597

 
18,018

 
23,993

Total
$
20,652

 
$
20,108

 
$
37,409

 
$
46,691

(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 June 30,
 
2019
 
2018
(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- owner-occupied
4

 
$
339

 
$
338

 
5

 
$
2,230

 
$
2,201

Real estate- non-owner-occupied
7

 
4,687

 
4,628

 
5

 
823

 
780

Commercial and industrial
19

 
13,757

 
13,607

 
16

 
21,103

 
13,618

Residential mortgage
10

 
847

 
836

 
7

 
688

 
633

Consumer - home equity
22

 
1,159

 
1,056

 
19

 
2,361

 
2,350

Consumer - other
20

 
210

 
187

 
35

 
556

 
526

Total
82

 
$
20,999

 
$
20,652

 
87

 
$
27,761

 
$
20,108


 
Six Months Ended June 30,
 
2019
 
2018
(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

 
$
39

 
$
37

 
1

 
$
1,950

 
$
1,013

Real estate- owner-occupied
6

 
1,435

 
1,402

 
7

 
12,921

 
11,290

Real estate- non-owner-occupied
13

 
7,756

 
7,651

 
14

 
1,912

 
1,854

Commercial and industrial
38

 
29,785

 
20,670

 
32

 
35,338

 
26,684

Residential mortgage
19

 
1,687

 
1,669

 
7

 
688

 
633

Consumer - home equity
54

 
5,312

 
5,137

 
33

 
4,170

 
4,133

Consumer - other
51

 
918

 
843

 
51

 
1,126

 
1,084

Total
182

 
$
46,932

 
$
37,409

 
145

 
$
58,105

 
$
46,691









Information detailing TDRs that defaulted during the three-month and six-month periods ended June 30, 2019 and 2018, 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 June 30,
 
2019
 
2018
(in thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- construction
1

 
$
37

 
—

 
$
—

Real estate- owner-occupied
4

 
1,232

 
5

 
461

Real estate- non-owner-occupied
11

 
2,341

 
9

 
1,448

Commercial and industrial
17

 
5,475

 
8

 
1,437

Residential mortgage
12

 
1,012

 
7

 
775

Consumer - home equity
17

 
1,411

 
11

 
1,129

Consumer - other
34

 
515

 
21

 
232

Total
96

 
$
12,023

 
61

 
$
5,482


 
Six Months Ended June 30,
 
2019
 
2018
(in thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- construction
1

 
$
37

 
—

 
$
—

Real estate- owner-occupied
6

 
1,232

 
6

 
9,455

Real estate- non-owner-occupied
17

 
2,913

 
15

 
1,813

Commercial and industrial
25

 
6,152

 
21

 
7,100

Residential mortgage
21

 
1,597

 
10

 
1,081

Consumer - home equity
27

 
2,401

 
26

 
2,242

Consumer - other
41

 
591

 
48

 
1,003

Total
138

 
$
14,923

 
126

 
$
22,694