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Allowance for Credit Losses and Credit Quality (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Schedule of Allowance for Loan Losses for Covered and Non-Covered Loan Portfolios
The following tables present the activity in the allowance for credit losses by loan portfolio type for the years ended December 31, 2019, 2018, and 2017:
 
2019
(in thousands)
Commercial
Real Estate
 
Commercial
and Industrial
 
Residential
Mortgage
 
Consumer and Other
 
Total
Allowance for loan and lease losses at beginning of period
$
51,806

 
$
54,096

 
$
12,998

 
$
21,671

 
$
140,571

Provision for loan and lease losses
9,262

 
19,177

 
—

 
11,411

 
39,850

Transfer of balance to OREO and other
(636
)
 
235

 
(3,221
)
 
335

 
(3,287
)
Charge-offs
(2,613
)
 
(21,966
)
 
(309
)
 
(13,482
)
 
(38,370
)
Recoveries
475

 
4,092

 
179

 
3,078

 
7,824

Allowance for loan and lease losses at end of period
$
58,294

 
$
55,634

 
$
9,647

 
$
23,013

 
$
146,588

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded commitments at beginning of period
$
4,869

 
$
6,198

 
$
866

 
$
2,897

 
$
14,830

Provision for (reversal of) unfunded commitments
1,115

 
280

 
(304
)
 
716

 
1,807

Reserve for unfunded commitments at end of period
$
5,984

 
$
6,478

 
$
562

 
$
3,613

 
$
16,637

 
 
 
 
 
 
 
 
 
 
Allowance for credit losses at end of period
$
64,278

 
$
62,112

 
$
10,209

 
$
26,626

 
$
163,225

 
 
 
 
 
 
 
 
 
 
Allowance - individually evaluated for impairment
$
5,600

 
$
11,763

 
$
285

 
$
3,249

 
$
20,897

Allowance - collectively evaluated for impairment
47,308

 
42,346

 
5,400

 
19,417

 
114,471

Allowance - acquired with deteriorated credit quality
5,386

 
1,525

 
3,962

 
347

 
11,220

 
 
 
 
 
 
 
 
 
 
Loans and leases, net of unearned income:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
69,819

 
48,834

 
29,402

 
40,219

 
188,274

Collectively evaluated for impairment
9,877,919

 
6,476,123

 
4,633,862

 
2,579,993

 
23,567,897

Acquired with deteriorated credit quality
116,357

 
22,581

 
75,811

 
50,579

 
265,328

Total loans and leases, net of unearned income
$
10,064,095

 
$
6,547,538

 
$
4,739,075

 
$
2,670,791

 
$
24,021,499


 
2018
(in thousands)
Commercial
Real Estate
 
Commercial
and Industrial
 
Residential
Mortgage
 
Consumer and Other
 
Total
Allowance for loan and lease losses at beginning of period
$
54,201

 
$
53,916

 
$
9,117

 
$
23,657

 
$
140,891

Provision for (reversal of) loan and lease losses
(829
)
 
23,866

 
4,200

 
12,235

 
39,472

Transfer of balance to OREO and other
(2,256
)
 
(812
)
 
(106
)
 
(3,998
)
 
(7,172
)
Charge-offs
(1,611
)
 
(29,578
)
 
(334
)
 
(14,024
)
 
(45,547
)
Recoveries
2,301

 
6,704

 
121

 
3,801

 
12,927

Allowance for loan and lease losses at end of period
$
51,806

 
$
54,096

 
$
12,998

 
$
21,671

 
$
140,571

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded commitments at beginning of period
$
4,531

 
$
5,309

 
$
555

 
$
2,813

 
$
13,208

Balance created in acquisition accounting
118

 
40

 
551

 
—

 
709

Provision for (reversal of) unfunded commitments
220

 
849

 
(240
)
 
84

 
913

Reserve for unfunded commitments at end of period
$
4,869

 
$
6,198

 
$
866

 
$
2,897

 
$
14,830

 
 
 
 
 
 
 
 
 
 
Allowance for credit losses at end of period
$
56,675

 
$
60,294

 
$
13,864

 
$
24,568

 
$
155,401

 
 
 
 
 
 
 
 
 
 
Allowance - individually evaluated for impairment
$
636

 
$
12,646

 
$
145

 
$
2,915

 
$
16,342

Allowance - collectively evaluated for impairment
45,651

 
39,949

 
6,961

 
18,705

 
111,266

Allowance - acquired with deteriorated credit quality
5,519

 
1,501

 
5,892

 
51

 
12,963

 
 
 
 
 
 
 
 
 
 
Loans and leases, net of unearned income:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
53,905

 
71,801

 
6,579

 
37,440

 
169,725

Collectively evaluated for impairment
9,166,070

 
5,638,375

 
4,259,369

 
2,922,863

 
21,986,677

Acquired with deteriorated credit quality
168,330

 
26,841

 
93,208

 
75,034

 
363,413

Total loans and leases, net of unearned income
$
9,388,305

 
$
5,737,017

 
$
4,359,156

 
$
3,035,337

 
$
22,519,815


 
2017
(in thousands)
Commercial
Real Estate
 
Commercial
and Industrial
 
Residential
Mortgage
 
Consumer and Other
 
Total
Allowance for loan and lease losses at beginning of period
$
49,231

 
$
60,939

 
$
11,249

 
$
23,300

 
$
144,719

Provision for (reversal of) loan and lease losses
10,433

 
31,891

 
(2,206
)
 
10,993

 
51,111

Transfer of balance to OREO and other
853

 
(68
)
 
2

 
147

 
934

Charge-offs
(7,433
)
 
(40,015
)
 
(365
)
 
(14,653
)
 
(62,466
)
Recoveries
1,117

 
1,169

 
437

 
3,870

 
6,593

Allowance for loan and lease losses at end of period
$
54,201

 
$
53,916

 
$
9,117

 
$
23,657

 
$
140,891

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded commitments at beginning of period
$
3,207

 
$
4,537

 
$
657

 
$
2,840

 
$
11,241

Balance created in acquisition accounting
253

 
783

 
327

 
7

 
1,370

Provision for (reversal of) unfunded commitments
1,071

 
(11
)
 
(429
)
 
(34
)
 
597

Reserve for unfunded commitments at end of period
$
4,531

 
$
5,309

 
$
555

 
$
2,813

 
$
13,208

 
 
 
 
 
 
 
 
 
 
Allowance for credit losses at end of period
$
58,732

 
$
59,225

 
$
9,672

 
$
26,470

 
$
154,099

 
 
 
 
 
 
 
 
 
 
Allowance - individually evaluated for impairment
$
1,588

 
$
12,736

 
$
172

 
$
2,856

 
$
17,352

Allowance - collectively evaluated for impairment
30,360

 
38,944

 
3,141

 
17,210

 
89,655

Allowance - acquired with deteriorated credit quality
22,253

 
2,236

 
5,804

 
3,591

 
33,884

 
 
 
 
 
 
 
 
 
 
Loans and leases, net of unearned income:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
91,785

 
102,416

 
6,749

 
37,177

 
238,127

Collectively evaluated for impairment
8,616,924

 
5,001,505

 
2,911,222

 
2,828,848

 
19,358,499

Acquired with deteriorated credit quality
229,521

 
31,146

 
138,381

 
82,507

 
481,555

Total loans and leases, net of unearned income
$
8,938,230

 
$
5,135,067

 
$
3,056,352

 
$
2,948,532

 
$
20,078,181
Investment in Legacy and Acquired Loans by Credit Quality Indicator
The recorded investment in loans and leases by credit quality indicator is presented in the following tables. Asset risk classifications for commercial loans and leases reflect the classification as of December 31, 2019 and 2018. Credit quality information in the tables below includes total loans acquired (including acquired impaired loans) at the net loan balance, after the application of premiums and discounts. Loan premiums and discounts represent the adjustment of acquired loans to fair value at the acquisition date, as adjusted for income accretion and changes in cash flow estimates in subsequent periods.
 
December 31, 2019
 
December 31, 2018
(in thousands)
Pass
 
Special Mention
 
Sub-
standard
 
Doubtful
 
Total
 
Pass
 
Special Mention
 
Sub-
standard
 
Doubtful
 
Total
Commercial real estate - construction
$
1,300,953

 
$
10,801

 
$
9,909

 
$
—

 
$
1,321,663

 
$
1,182,554

 
$
1,062

 
$
12,740

 
$
10

 
$
1,196,366

Commercial real estate - owner-occupied
2,412,953

 
19,430

 
40,570

 
2,373

 
2,475,326

 
2,328,999

 
25,526

 
41,297

 
—

 
2,395,822

Commercial real estate - non-owner-occupied
6,185,185

 
45,938

 
35,726

 
257

 
6,267,106

 
5,687,963

 
78,009

 
26,512

 
3,633

 
5,796,117

Commercial and industrial
6,426,235

 
51,605

 
56,691

 
13,007

 
6,547,538

 
5,586,482

 
52,632

 
73,853

 
24,050

 
5,737,017

Total commercial loans and leases
$
16,325,326

 
$
127,774

 
$
142,896

 
$
15,637

 
$
16,611,633

 
$
14,785,998

 
$
157,229

 
$
154,402

 
$
27,693

 
$
15,125,322

 
December 31, 2019
 
December 31, 2018
(in thousands)
Current
 
30+ Days Past Due
 
Total
 
Current
 
30+ Days Past Due
 
Total
Residential mortgage
$
4,673,266

 
$
65,809

 
$
4,739,075

 
$
4,290,152

 
$
69,004

 
$
4,359,156

Consumer - home equity
1,942,091

 
45,245

 
1,987,336

 
2,258,659

 
46,035

 
2,304,694

Consumer - other
675,014

 
8,441

 
683,455

 
721,231

 
9,412

 
730,643

Total
$
7,290,371

 
$
119,495

 
$
7,409,866

 
$
7,270,042

 
$
124,451

 
$
7,394,493
Schedule of Investment in Legacy Impaired Loans
Information on impaired loans, which include all TDRs and all other non-accrual loans evaluated or measured individually for impairment for purposes of determining the ALLL, is presented in the following tables as of and for the periods indicated. As of December 31, 2019, 2018, and 2017, the Company was not committed to lend a material amount of additional funds to any customer whose loan was classified as impaired or as a TDR.
 
December 31, 2019
(in thousands)
Unpaid Principal Balance
 
Recorded Investment
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
$
11,150

 
$
10,141

 
$
—

 
$
7,609

 
$
336

Commercial real estate - owner-occupied
32,849

 
32,398

 
—

 
33,378

 
1,439

Commercial real estate - non-owner-occupied
14,340

 
12,903

 
—

 
13,378

 
364

Commercial and industrial
19,315

 
16,070

 
—

 
17,485

 
453

Residential mortgage
19,800

 
19,500

 
—

 
16,403

 
224

Consumer - home equity
4,465

 
4,461

 
—

 
4,390

 
167

 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
141

 
126

 
2

 
138

 
3

Commercial real estate - owner-occupied
5,074

 
4,795

 
2,591

 
4,927

 
118

Commercial real estate - non-owner-occupied
9,828

 
9,456

 
3,007

 
9,620

 
208

Commercial and industrial
37,509

 
32,764

 
11,763

 
32,807

 
790

Residential mortgage
10,871

 
9,902

 
285

 
10,327

 
355

Consumer - home equity
31,581

 
30,798

 
2,630

 
30,762

 
1,228

Consumer - other
5,262

 
4,960

 
619

 
5,251

 
263

Total impaired loans
$
202,185

 
$
188,274

 
$
20,897

 
$
186,475

 
$
5,948

Total commercial loans and leases
$
130,206

 
$
118,653

 
$
17,363

 
$
119,342

 
$
3,711

Total residential mortgage loans
30,671

 
29,402

 
285

 
26,730

 
579

Total consumer and other loans
41,308

 
40,219

 
3,249

 
40,403

 
1,658

 
December 31, 2018
(in thousands)
Unpaid Principal Balance
 
Recorded Investment
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
$
10,261

 
$
9,262

 
$
—

 
$
9,189

 
$
496

Commercial real estate - owner-occupied
25,037

 
19,044

 
—

 
19,559

 
807

Commercial real estate - non-owner-occupied
15,265

 
14,288

 
—

 
14,873

 
590

Commercial and industrial
55,554

 
43,886

 
—

 
47,268

 
2,422

Residential mortgage
1,244

 
1,221

 
—

 
1,261

 
46

Consumer - home equity
4,183

 
4,176

 
—

 
2,867

 
39

 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
228

 
140

 
11

 
148

 
1

Commercial real estate - owner-occupied
5,032

 
4,773

 
520

 
4,976

 
196

Commercial real estate - non-owner-occupied
6,445

 
6,398

 
105

 
6,229

 
294

Commercial and industrial
46,387

 
27,915

 
12,646

 
40,653

 
795

Residential mortgage
5,870

 
5,358

 
145

 
5,494

 
225

Consumer - home equity
29,284

 
28,818

 
2,427

 
27,911

 
1,202

Consumer - other
4,956

 
4,446

 
488

 
4,822

 
273

Total impaired loans
$
209,746

 
$
169,725

 
$
16,342

 
$
185,250

 
$
7,386

Total commercial loans and leases
$
164,209

 
$
125,706

 
$
13,282

 
$
142,895

 
$
5,601

Total residential mortgage loans
7,114

 
6,579

 
145

 
6,755

 
271

Total consumer and other loans
38,423

 
37,440

 
2,915

 
35,600

 
1,514

 
December 31, 2017
(in thousands)
Unpaid Principal Balance
 
Recorded Investment
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
$
13,763

 
$
13,013

 
$
—

 
$
9,104

 
$
441

Commercial real estate - owner-occupied
50,867

 
44,482

 
—

 
53,282

 
1,389

Commercial real estate - non-owner-occupied
15,370

 
14,975

 
—

 
15,127

 
692

Commercial and industrial
103,013

 
70,254

 
—

 
92,312

 
2,279

Residential mortgage
2,004

 
2,001

 
—

 
2,044

 
85

Consumer - home equity
5,906

 
5,634

 
—

 
5,747

 
231

Consumer - other
75

 
75

 
—

 
11

 
1

 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial real estate - construction
238

 
156

 
19

 
197

 
6

Commercial real estate - owner-occupied
13,314

 
13,287

 
949

 
13,498

 
414

Commercial real estate - non-owner-occupied
6,051

 
5,872

 
620

 
6,196

 
154

Commercial and industrial
35,306

 
32,162

 
12,736

 
42,874

 
1,220

Residential mortgage
5,179

 
4,748

 
172

 
4,861

 
180

Consumer - home equity
27,189

 
26,575

 
2,358

 
23,546

 
1,007

Consumer - other
5,354

 
4,893

 
498

 
4,455

 
269

Total
$
283,629

 
$
238,127

 
$
17,352

 
$
273,254

 
$
8,368

Total commercial loans and leases
$
237,922

 
$
194,201

 
$
14,324

 
$
232,590

 
$
6,595

Total residential mortgage loans
7,183

 
6,749

 
172

 
6,905

 
265

Total consumer and other loans
38,524

 
37,177

 
2,856

 
33,759

 
1,508