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Allowance for Loan and Lease Losses | 12 Months Ended
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Dec. 31, 2013
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] |
Allowance for Loan and Lease Losses | ALLOWANCE FOR LOAN AND LEASE LOSSES Activity in the allowance for loan and lease losses is summarized as follows:
| Originated |  | Acquired |  | Total
| (dollars in thousands)
Balance at December 31, 2010 | $ | 176,517 |  |  | $ | 51,248 |  |  | $ | 227,765 |
Provision for loan and lease losses | 57,799 |  |  | 174,478 |  |  | 232,277 |
Loans and leases charged off | (59,287 | ) |  | (137,553 | ) |  | (196,840 | )
Loans and leases recovered | 5,854 |  |  | 1,088 |  |  | 6,942 |
Net charge-offs | (53,433 | ) |  | (136,465 | ) |  | (189,898 | )
Balance at December 31, 2011 | 180,883 |  |  | 89,261 |  |  | 270,144 |
Provision for loan and lease losses | 42,046 |  |  | 100,839 |  |  | 142,885 |
Loans and leases charged off | (50,208 | ) |  | (50,270 | ) |  | (100,478 | )
Loans and leases recovered | 6,325 |  |  | 142 |  |  | 6,467 |
Net charge-offs | (43,883 | ) |  | (50,128 | ) |  | (94,011 | )
Balance at December 31, 2012 | 179,046 |  |  | 139,972 |  |  | 319,018 |
Reclassification (1) | 7,368 |  |  | — |  |  | 7,368 |
Provision for loan and lease losses | 19,289 |  |  | (51,544 | ) |  | (32,255 | )
Loans and leases charged off | (33,118 | ) |  | (34,908 | ) |  | (68,026 | )
Loans and leases recovered | 7,289 |  |  | — |  |  | 7,289 |
Net charge-offs | (25,829 | ) |  | (34,908 | ) |  | (60,737 | )
Balance at December 31, 2013 | $ | 179,874 |  |  | $ | 53,520 |  |  | $ | 233,394 |
(1) Reclassification results from enhancements to the ALLL calculation during the second quarter of 2013 that resulted in the allocation of $15.8 million previously designated as 'nonspecific' to other loan classes and the absorption of $7.4 million of the reserve for unfunded commitments related to unfunded, revocable loan commitments into the ALLL. Further discussion is contained in Note A. Activity in the allowance for loan and lease losses, ending balances of loans and leases and related allowance by class of loans is summarized as follows:
| Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non- commercial |  | Consumer |  | Non- specific |  | Total
| (dollars in thousands)
Originated Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2012 | $ | 5,467 |  |  | $ | 67,486 |  |  | $ | 2,169 |  |  | $ | 23,723 |  |  | $ | 3,288 |  |  | $ | 1,315 |  |  | $ | 8,879 |  |  | $ | 27,045 |  |  | $ | 1,427 |  |  | $ | 25,962 |  |  | $ | 14,122 |  |  | $ | 180,883 |
Provision | 9,665 |  |  | 18,198 |  |  | 130 |  |  | (4,982 | ) |  | 498 |  |  | (116 | ) |  | (782 | ) |  | 8,783 |  |  | 1,161 |  |  | 7,763 |  |  | 1,728 |  |  | 42,046 |
Charge-offs | (9,546 | ) |  | (7,081 | ) |  | (254 | ) |  | (5,472 | ) |  | (361 | ) |  | (28 | ) |  | (4,790 | ) |  | (11,341 | ) |  | (1,047 | ) |  | (10,288 | ) |  | — |  |  | (50,208 | )
Recoveries | 445 |  |  | 1,626 |  |  | 14 |  |  | 781 |  |  | 96 |  |  | 4 |  |  | 529 |  |  | 698 |  |  | 180 |  |  | 1,952 |  |  | — |  |  | 6,325 |
Balance at December 31, 2012 | 6,031 |  |  | 80,229 |  |  | 2,059 |  |  | 14,050 |  |  | 3,521 |  |  | 1,175 |  |  | 3,836 |  |  | 25,185 |  |  | 1,721 |  |  | 25,389 |  |  | 15,850 |  |  | 179,046 |
Reclassification (1) | 5,141 |  |  | 27,421 |  |  | (815 | ) |  | 7,551 |  |  | (253 | ) |  | (1,288 | ) |  | 5,717 |  |  | (9,838 | ) |  | (478 | ) |  | (10,018 | ) |  | (15,772 | ) |  | 7,368 |
Provision | 2,809 |  |  | (4,485 | ) |  | (32 | ) |  | 4,333 |  |  | 1,646 |  |  | 308 |  |  | 2,786 |  |  | 6,296 |  |  | (379 | ) |  | 6,085 |  |  | (78 | ) |  | 19,289 |
Charge-offs | (4,685 | ) |  | (3,904 | ) |  | (312 | ) |  | (4,785 | ) |  | (272 | ) |  | (6 | ) |  | (2,387 | ) |  | (6,064 | ) |  | (392 | ) |  | (10,311 | ) |  | — |  |  | (33,118 | )
Recoveries | 1,039 |  |  | 996 |  |  | 109 |  |  | 1,213 |  |  | 107 |  |  | 1 |  |  | 559 |  |  | 660 |  |  | 209 |  |  | 2,396 |  |  | — |  |  | 7,289 |
Balance at December 31, 2013 | $ | 10,335 |  |  | $ | 100,257 |  |  | $ | 1,009 |  |  | $ | 22,362 |  |  | $ | 4,749 |  |  | $ | 190 |  |  | $ | 10,511 |  |  | $ | 16,239 |  |  | $ | 681 |  |  | $ | 13,541 |  |  | $ | — |  |  | $ | 179,874 |
(1) Reclassification results from enhancements to the ALLL calculation during the second quarter of 2013 that resulted in the allocation of $15.8 million previously designated as 'nonspecific' to other loan classes and the absorption of $7.4 million of the reserve for unfunded commitments related to unfunded, revocable loan commitments into the ALLL. Further discussion is contained in Note A.
| Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non-commercial |  | Consumer |  | Non- specific |  | Total
| (dollars in thousands)
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 103 |  |  | $ | 6,873 |  |  | $ | 209 |  |  | $ | 771 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 1,586 |  |  | $ | 372 |  |  | $ | 72 |  |  | $ | 121 |  |  | $ | — |  |  | $ | 10,161 |
ALLL for loans and leases collectively evaluated for impairment | 10,232 |  |  | 93,384 |  |  | 800 |  |  | 21,591 |  |  | 4,695 |  |  | 190 |  |  | 8,925 |  |  | 15,867 |  |  | 609 |  |  | 13,420 |  |  | — |  |  | 169,713 |
Nonspecific ALLL | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total allowance for loan and lease losses | $ | 10,335 |  |  | $ | 100,257 |  |  | $ | 1,009 |  |  | $ | 22,362 |  |  | $ | 4,749 |  |  | $ | 190 |  |  | $ | 10,511 |  |  | $ | 16,239 |  |  | $ | 681 |  |  | $ | 13,541 |  |  | $ | — |  |  | $ | 179,874 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 2,469 |  |  | $ | 11,697 |  |  | $ | 298 |  |  | $ | 2,133 |  |  | $ | 202 |  |  | $ | 53 |  |  | $ | 959 |  |  | $ | 1 |  |  | $ | 287 |  |  | $ | 256 |  |  | $ | — |  |  | $ | 18,355 |
ALLL for loans and leases collectively evaluated for impairment | 3,562 |  |  | 68,532 |  |  | 1,761 |  |  | 11,917 |  |  | 3,319 |  |  | 1,122 |  |  | 2,877 |  |  | 25,184 |  |  | 1,434 |  |  | 25,133 |  |  | — |  |  | 144,841 |
Nonspecific ALLL | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,850 |  |  | 15,850 |
Total allowance for loan and lease losses | $ | 6,031 |  |  | $ | 80,229 |  |  | $ | 2,059 |  |  | $ | 14,050 |  |  | $ | 3,521 |  |  | $ | 1,175 |  |  | $ | 3,836 |  |  | $ | 25,185 |  |  | $ | 1,721 |  |  | $ | 25,389 |  |  | $ | 15,850 |  |  | $ | 179,046 |
| Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non-commercial |  | Consumer |  | Non- specific |  | Total
| (dollars in thousands)
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 2,272 |  |  | $ | 97,111 |  |  | $ | 1,878 |  |  | $ | 9,300 |  |  | $ | 188 |  |  | $ | — |  |  | $ | 15,539 |  |  | $ | 3,596 |  |  | $ | 1,108 |  |  | $ | 1,154 |  |  | $ | — |  |  | $ | 132,146 |
Loans and leases collectively evaluated for impairment | 317,575 |  |  | 6,265,379 |  |  | 176,876 |  |  | 1,071,858 |  |  | 381,575 |  |  | 175,336 |  |  | 966,882 |  |  | 2,109,689 |  |  | 121,684 |  |  | 385,298 |  |  | — |  |  | 11,972,152 |
Total loan and leases | $ | 319,847 |  |  | $ | 6,362,490 |  |  | $ | 178,754 |  |  | $ | 1,081,158 |  |  | $ | 381,763 |  |  | $ | 175,336 |  |  | $ | 982,421 |  |  | $ | 2,113,285 |  |  | $ | 122,792 |  |  | $ | 386,452 |  |  | $ | — |  |  | $ | 12,104,298 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 17,075 |  |  | $ | 133,804 |  |  | $ | 3,375 |  |  | $ | 22,619 |  |  | $ | 804 |  |  | $ | 707 |  |  | $ | 15,836 |  |  | $ | 4,203 |  |  | $ | 1,321 |  |  | $ | 2,509 |  |  | $ | — |  |  | $ | 202,253 |
Loans and leases collectively evaluated for impairment | 292,115 |  |  | 5,895,631 |  |  | 157,605 |  |  | 1,015,911 |  |  | 329,875 |  |  | 124,974 |  |  | 807,053 |  |  | 2,205,930 |  |  | 130,671 |  |  | 414,097 |  |  | — |  |  | 11,373,862 |
Total loan and leases | $ | 309,190 |  |  | $ | 6,029,435 |  |  | $ | 160,980 |  |  | $ | 1,038,530 |  |  | $ | 330,679 |  |  | $ | 125,681 |  |  | $ | 822,889 |  |  | $ | 2,210,133 |  |  | $ | 131,992 |  |  | $ | 416,606 |  |  | $ | — |  |  | $ | 11,576,115 |
| Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
| (dollars in thousands)
Acquired Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2012 | $ | 16,693 |  |  | $ | 39,557 |  |  | $ | 16,862 |  |  | $ | 5,500 |  |  | $ | 13 |  |  | $ | 5,433 |  |  | $ | 77 |  |  | $ | 4,652 |  |  | $ | 474 |  |  | $ | 89,261 |
Provision | 23,160 |  |  | 34,227 |  |  | (4,372 | ) |  | 11,839 |  |  | (13 | ) |  | 18,401 |  |  | 10,796 |  |  | 6,520 |  |  | 281 |  |  | 100,839 |
Charge-offs | (8,667 | ) |  | (23,509 | ) |  | (1,256 | ) |  | (8,442 | ) |  | — |  |  | (4,139 | ) |  | (1,119 | ) |  | (2,885 | ) |  | (253 | ) |  | (50,270 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 142 |  |  | — |  |  | — |  |  | — |  |  | 142 |
Balance at December 31, 2012 | 31,186 |  |  | 50,275 |  |  | 11,234 |  |  | 8,897 |  |  | — |  |  | 19,837 |  |  | 9,754 |  |  | 8,287 |  |  | 502 |  |  | 139,972 |
Provision | (22,942 | ) |  | (3,872 | ) |  | (8,949 | ) |  | 470 |  |  | — |  |  | (5,487 | ) |  | (6,399 | ) |  | (4,170 | ) |  | (195 | ) |  | (51,544 | )
Charge-offs | (6,924 | ) |  | (16,497 | ) |  | (931 | ) |  | (4,092 | ) |  | — |  |  | (2,548 | ) |  | (396 | ) |  | (3,435 | ) |  | (85 | ) |  | (34,908 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2013 | $ | 1,320 |  |  | $ | 29,906 |  |  | $ | 1,354 |  |  | $ | 5,275 |  |  | $ | — |  |  | $ | 11,802 |  |  | $ | 2,959 |  |  | $ | 682 |  |  | $ | 222 |  |  | $ | 53,520 |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases acquired with deteriorated credit quality | $ | 1,320 |  |  | $ | 29,906 |  |  | $ | 1,354 |  |  | $ | 5,275 |  |  | $ | — |  |  | $ | 11,802 |  |  | $ | 2,959 |  |  | $ | 682 |  |  | $ | 222 |  |  | $ | 53,520 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases acquired with deteriorated credit quality | 31,186 |  |  | 50,275 |  |  | 11,234 |  |  | 8,897 |  |  | — |  |  | 19,837 |  |  | 9,754 |  |  | 8,287 |  |  | 502 |  |  | 139,972 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases acquired with deteriorated credit quality | 78,915 |  |  | 642,891 |  |  | 41,381 |  |  | 17,254 |  |  | — |  |  | 213,851 |  |  | 30,834 |  |  | 2,583 |  |  | 1,717 |  |  | 1,029,426 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases acquired with deteriorated credit quality | 237,906 |  |  | 1,054,473 |  |  | 107,119 |  |  | 49,463 |  |  | — |  |  | 297,926 |  |  | 38,710 |  |  | 20,793 |  |  | 2,845 |  |  | 1,809,235 |
The following tables provide information on originated impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogeneous group, including interest income recognized in the period during which the loans and leases were considered impaired.
| With a recorded allowance |  | With no recorded allowance |  | Total |  | Unpaid principal balance |  | Related allowance recorded
| (dollars in thousands)
December 31, 2013 |  |  |  |  |  |  |  |  |
Impaired originated loans and leases |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 1,025 |  |  | $ | 1,247 |  |  | $ | 2,272 |  |  | $ | 7,306 |  |  | $ | 103 |
Commercial mortgage | 57,819 |  |  | 39,292 |  |  | 97,111 |  |  | 103,522 |  |  | 6,873 |
Other commercial real estate | 783 |  |  | 1,095 |  |  | 1,878 |  |  | 2,279 |  |  | 209 |
Commercial and industrial | 7,197 |  |  | 2,103 |  |  | 9,300 |  |  | 10,393 |  |  | 771 |
Lease financing | 133 |  |  | 55 |  |  | 188 |  |  | 188 |  |  | 54 |
Residential mortgage | 11,534 |  |  | 4,005 |  |  | 15,539 |  |  | 15,939 |  |  | 1,586 |
Revolving mortgage | 3,382 |  |  | 214 |  |  | 3,596 |  |  | 3,596 |  |  | 372 |
Construction and land development - noncommercial | 651 |  |  | 457 |  |  | 1,108 |  |  | 1,108 |  |  | 72 |
Consumer | 1,154 |  |  | — |  |  | 1,154 |  |  | 1,154 |  |  | 121 |
Total impaired originated loans and leases | $ | 83,678 |  |  | $ | 48,468 |  |  | $ | 132,146 |  |  | $ | 145,485 |  |  | $ | 10,161 |
December 31, 2012 |  |  |  |  |  |  |  |  |
Impaired originated loans and leases |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 5,941 |  |  | $ | 11,134 |  |  | $ | 17,075 |  |  | $ | 32,898 |  |  | $ | 2,469 |
Commercial mortgage | 39,648 |  |  | 94,156 |  |  | 133,804 |  |  | 136,743 |  |  | 11,697 |
Other commercial real estate | 1,425 |  |  | 1,950 |  |  | 3,375 |  |  | 3,475 |  |  | 298 |
Commercial and industrial | 7,429 |  |  | 15,190 |  |  | 22,619 |  |  | 22,619 |  |  | 2,133 |
Lease financing | 665 |  |  | 139 |  |  | 804 |  |  | 804 |  |  | 202 |
Other | — |  |  | 707 |  |  | 707 |  |  | 707 |  |  | 53 |
Residential mortgage | 9,346 |  |  | 6,490 |  |  | 15,836 |  |  | 16,229 |  |  | 959 |
Revolving mortgage | 1,238 |  |  | 2,965 |  |  | 4,203 |  |  | 4,203 |  |  | 1 |
Construction and land development - noncommercial | 1,162 |  |  | 159 |  |  | 1,321 |  |  | 1,321 |  |  | 287 |
Consumer | 1,609 |  |  | 900 |  |  | 2,509 |  |  | 2,509 |  |  | 256 |
Nonspecific | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total impaired originated loans and leases | $ | 68,463 |  |  | $ | 133,790 |  |  | $ | 202,253 |  |  | $ | 221,508 |  |  | $ | 18,355 |
| YTD Average Balance |  | YTD Interest Income Recognized
| (dollars in thousands)
Year ended December 31, 2013 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 6,414 |  |  | $ | 270 |
Commercial mortgage | 105,628 |  |  | 5,702 |
Other commercial real estate | 2,658 |  |  | 144 |
Commercial and industrial | 12,772 |  |  | 642 |
Lease financing | 350 |  |  | 22 |
Other | — |  |  | — |
Residential mortgage | 15,470 |  |  | 444 |
Revolving mortgage | 5,653 |  |  | 485 |
Construction and land development - noncommercial | 958 |  |  | 55 |
Consumer | 1,427 |  |  | 53 |
Total originated impaired loans and leases | $ | 151,330 |  |  | $ | 7,817 |
Year ended December 31, 2012 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 22,493 |  |  | $ | 399 |
Commercial mortgage | 96,082 |  |  | 4,630 |
Other commercial real estate | 2,690 |  |  | 142 |
Commercial and industrial | 13,658 |  |  | 788 |
Lease financing | 497 |  |  | 37 |
Other | 424 |  |  | 23 |
Residential mortgage | 14,951 |  |  | 586 |
Revolving mortgage | 2,931 |  |  | 68 |
Construction and land development - noncommercial | 2,850 |  |  | 41 |
Consumer | 1,850 |  |  | 21 |
Total originated impaired loans and leases | $ | 158,426 |  |  | $ | 6,735 |
Year ended December 31, 2011 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 26,612 |  |  | $ | 56 |
Commercial mortgage | 65,729 |  |  | 1,330 |
Other commercial real estate | 1,368 |  |  | 55 |
Commercial and industrial | 12,984 |  |  | 456 |
Lease financing | 587 |  |  | 21 |
Other | 38 |  |  | — |
Residential mortgage | 9,252 |  |  | 300 |
Revolving mortgage | — |  |  | — |
Construction and land development - noncommercial | 2,022 |  |  | 105 |
Consumer | 636 |  |  | 18 |
Total originated impaired loans and leases | $ | 119,228 |  |  | $ | 2,341 |
At December 31, 2013, acquired loans that have had an adverse change in expected cash flows since the date of acquisition equaled $459.9 million, for which $53.5 million in related allowance for loan losses has been recorded. Troubled Debt Restructurings BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise consider. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, loans acquired under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. The following table provides a summary of total TDRs by accrual status.
| December 31, 2013 |  | December 31, 2012
| Accruing |  | Nonaccruing |  | Total |  | Accruing |  | Nonaccruing |  | Total
| (dollars in thousands)
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 21,032 |  |  | $ | 1,002 |  |  | $ | 22,034 |  |  | $ | 47,368 |  |  | $ | 26,920 |  |  | $ | 74,288 |
Commercial mortgage | 113,323 |  |  | 23,387 |  |  | 136,710 |  |  | 151,728 |  |  | 37,603 |  |  | 189,331 |
Other commercial real estate | 3,470 |  |  | 1,150 |  |  | 4,620 |  |  | 10,137 |  |  | 2,194 |  |  | 12,331 |
Commercial and industrial | 9,838 |  |  | 1,142 |  |  | 10,980 |  |  | 10,940 |  |  | 7,237 |  |  | 18,177 |
Lease | 49 |  |  | — |  |  | 49 |  |  | 224 |  |  | — |  |  | 224 |
Total commercial loans | 147,712 |  |  | 26,681 |  |  | 174,393 |  |  | 220,397 |  |  | 73,954 |  |  | 294,351 |
Noncommercial |  |  |  |  |  |  |  |  |  |  |
Residential | 23,343 |  |  | 3,663 |  |  | 27,006 |  |  | 28,777 |  |  | 5,828 |  |  | 34,605 |
Revolving mortgage | 3,095 |  |  | — |  |  | 3,095 |  |  | 48 |  |  | — |  |  | 48 |
Construction and land development - noncommercial | 651 |  |  | 457 |  |  | 1,108 |  |  | 1,657 |  |  | — |  |  | 1,657 |
Consumer and other | 1,154 |  |  | — |  |  | 1,154 |  |  | 2,509 |  |  | — |  |  | 2,509 |
Total noncommercial loans | 28,243 |  |  | 4,120 |  |  | 32,363 |  |  | 32,991 |  |  | 5,828 |  |  | 38,819 |
Total loans | $ | 175,955 |  |  | $ | 30,801 |  |  | $ | 206,756 |  |  | $ | 253,388 |  |  | $ | 79,782 |  |  | $ | 333,170 |
Total troubled debt restructurings at December 31, 2013, equaled $206.8 million, of which $102.3 million were acquired and $104.4 million were originated. TDRs at December 31, 2012, totaled $333.2 million, which consisted of $193.2 million acquired and $140.0 million that were originated. The majority of TDRs are included in the special mention, substandard or doubtful grading categories, which results in more elevated loss expectations when determining the expected cash flows that are used to determine the allowance for loan losses associated with these loans. When a restructured loan subsequently defaults, it is evaluated and downgraded if appropriate. The more severely graded the loan, the lower the estimated expected cash flows and the greater the allowance recorded. Further, TDRs over $500,000 and graded substandard or lower are evaluated individually for impairment through a review of collateral values. The following tables provide the types of TDRs made during the three months ended December 31, 2013, and 2012, as well as a summary of loans that were modified as a TDR during the 12 months ended December 31, 2013, and 2012 that subsequently defaulted during the three months ended December 31, 2013, and 2012. BancShares defines payment default as movement of the TDR to nonaccrual status, foreclosure or charge-off, whichever occurs first. .
| Three months ended December 31, 2013 |  | Three months ended December 31, 2012
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
| Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end
| (dollars in thousands)
Originated loans |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 1 | $ | 305 |  |  | 1 | $ | — |  |  | 1 | $ | 861 |  |  | 1 | $ | 595 |
Commercial and industrial | 1 | 198 |  |  | — | — |  |  | 2 | 337 |  |  | 1 | 746 |
Residential mortgage | — | — |  |  | — | — |  |  | — | — |  |  | 1 | 559 |
Construction and land development-noncommercial | — | — |  |  | — | — |  |  | 1 | 476 |  |  | — | — |
Total interest only | 2 | 503 |  |  | 1 | — |  |  | 4 | 1,674 |  |  | 3 | 1,900 |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 1 | 770 |  |  | — | — |  |  | 7 | 2,319 |  |  | 3 | 122 |
Commercial and industrial | — | — |  |  | — | — |  |  | 1 | 24 |  |  | 1 | 24 |
Residential mortgage | 3 | 241 |  |  | — | — |  |  | 1 | 16 |  |  | 1 | 108 |
Consumer | — | — |  |  | — | — |  |  | 1 | 8 |  |  | — | — |
Total loan term extension | 4 | 1,011 |  |  | — | — |  |  | 10 | 2,367 |  |  | 5 | 254 |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 8 | 3,964 |  |  | 1 | 295 |  |  | 8 | 3,444 |  |  | 1 | 490 |
Commercial and industrial | — | — |  |  | — | — |  |  | 3 | 311 |  |  | — | — |
Residential mortgage | 6 | 347 |  |  | — | — |  |  | 2 | 130 |  |  | 1 | 59 |
Revolving mortgage | 6 | 496 |  |  | 2 | 378 |  |  | — | — |  |  | — | — |
Consumer | — | — |  |  | — | — |  |  | 2 | 16 |  |  | — | — |
Total below market interest rate | 20 | 4,807 |  |  | 3 | 673 |  |  | 15 | 3,901 |  |  | 2 | 549 |
Discharged from bankruptcy |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 1 | 32 |  |  | — | — |  |  | — | — |  |  | — | —
Revolving mortgage | — | — |  |  | 3 | 130 |  |  | — | — |  |  | — | —
Total discharged from bankruptcy | 1 | 32 |  |  | 3 | 130 |  |  | — | — |  |  | — | —
Total originated restructurings | 27 | $ | 6,353 |  |  | 7 | $ | 803 |  |  | 29 | $ | 7,942 |  |  | 10 | $ | 2,703 |
| Three months ended December 31, 2013 |  | Three months ended December 31, 2012
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
| Number of loans | Recorded investment at period end |  | Number of loans | Recorded investment at period end |  | Number of loans | Recorded investment at period end |  | Number of loans | Recorded investment at period end
| (dollars in thousands)
Acquired loans |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 2 | $ | 403 |  |  | — | $ | — |  |  | — | $ | — |  |  | — | $ | — |
Other commercial real estate | — | — |  |  | — | — |  |  | 1 | 2,994 |  |  | — | — |
Total interest only | 2 | 403 |  |  | — | — |  |  | 1 | 2,994 |  |  | — | — |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 1 | 100 |  |  | — | — |  |  | — | — |  |  | — | — |
Commercial mortgage | — | — |  |  | 1 | 157 |  |  | — | — |  |  | — | — |
Residential mortgage | — | — |  |  | — | — |  |  | — | — |  |  | 1 | 66 |
Total loan term extension | 1 | 100 |  |  | 1 | 157 |  |  | — | — |  |  | 1 | 66 |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | — | — |  |  | — | — |  |  | 3 | 17,615 |  |  | 3 | 7,050 |
Commercial mortgage | 1 | 165 |  |  | 2 | 2,183 |  |  | 4 | 2,715 |  |  | 1 | 1,229 |
Commercial and industrial | — | — |  |  | — | — |  |  | 1 | 253 |  |  | — | — |
Residential mortgage | 1 | 100 |  |  | — | — |  |  | 3 | 2,542 |  |  | 3 | 122 |
Total below market interest rate | 2 | 265 |  |  | 2 | 2,183 |  |  | 11 | 23,125 |  |  | 7 | 8,401 |
Other concession |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | — | — |  |  | — | — |  |  | — | — |  |  | 1 | 54 |
Total other concession | — | — |  |  | — | — |  |  | — | — |  |  | 1 | 54 |
Total restructurings | 5 | $ | 768 |  |  | 3 | $ | 2,340 |  |  | 12 | $ | 26,119 |  |  | 9 | $ | 8,521 |
For the three months ended December 31, 2013, the recorded investment in troubled debt restructurings subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares. The following tables provide the types of TDRs made during the twelve months ended December 31, 2013, and 2012, as well as a summary of loans that were modified as a TDR during the 12 months ended December 31, 2013, and 2012 that subsequently defaulted during the twelve months ended December 31, 2013, and 2012. BancShares defines payment default as movement of the TDR to nonaccrual status, foreclosure or charge-off, whichever occurs first.
| Year ended December 31, 2013 |  | Year ended December 31, 2012
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
| Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end
| (dollars in thousands)
Originated loans |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | — | $ | — |  |  | — | $ | — |  |  | 2 | $ | 316 |  |  | — | $ | — |
Commercial mortgage | 6 | 1,520 |  |  | 1 | — |  |  | 12 | 3,891 |  |  | 3 | 1,440 |
Commercial and industrial | 2 | 397 |  |  | — | — |  |  | 2 | 574 |  |  | — | — |
Other commercial real estate | 1 | — |  |  | — | — |  |  | — | — |  |  | — | — |
Residential mortgage | 1 | 630 |  |  | — | — |  |  | 2 | 893 |  |  | 2 | 893 |
Total interest only | 10 | 2,547 |  |  | 1 | — |  |  | 18 | 5,674 |  |  | 5 | 2,333 |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | — | — |  |  | — | — |  |  | 2 | 7,667 |  |  | — | — |
Commercial mortgage | 9 | 3,270 |  |  | — | — |  |  | 50 | 16,818 |  |  | 13 | 3,456 |
Other commercial real estate | — | — |  |  | — | — |  |  | 3 | 1,318 |  |  | — | — |
Commercial and industrial | 1 | 47 |  |  | — | — |  |  | 11 | 1,363 |  |  | 4 | 169 |
Lease financing | — | — |  |  | — | — |  |  | 3 | 166 |  |  | — | — |
Residential mortgage | 11 | 539 |  |  | — | — |  |  | 9 | 521 |  |  | 2 | 155 |
Construction and land development - noncommercial | — | — |  |  | — | — |  |  | 1 | 158 |  |  | — | — |
Consumer | 2 | 62 |  |  | — | — |  |  | 7 | 1,132 |  |  | — | — |
Total loan term extension | 23 | 3,918 |  |  | — | — |  |  | 86 | 29,143 |  |  | 19 | 3,780 |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 3 | 609 |  |  | — | — |  |  | 1 | 227 |  |  | — | — |
Commercial mortgage | 28 | 10,873 |  |  | 1 | 295 |  |  | 12 | 7,333 |  |  | 1 | 490 |
Commercial and industrial | 3 | 851 |  |  | — | — |  |  | 11 | 1,584 |  |  | 1 | — |
Other commercial real estate | 2 | 378 |  |  | — | — |  |  | — | — |  |  | — | — |
Residential mortgage | 21 | 1,235 |  |  | — | — |  |  | 13 | 1,887 |  |  | 5 | 828 |
Revolving mortgage | 13 | 801 |  |  | 3 | 451 |  |  | 1 | 48 |  |  | 1 | 48 |
Construction & land development - noncommercial | 4 | 269 |  |  | — | — |  |  | — | — |  |  | — | — |
Consumer | 3 | 219 |  |  | — | — |  |  | 4 | 17 |  |  | 1 | — |
Total below market interest rate | 77 | 15,235 |  |  | 4 | 746 |  |  | 42 | 11,096 |  |  | 9 | 1,366 |
Discharged from bankruptcy |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 7 | 510 |  |  | 2 | 60 |  |  | — | — |  |  | — | — |
Revolving mortgage | 31 | 2,577 |  |  | 6 | 274 |  |  | — | — |  |  | — | — |
Total discharged from bankruptcy | 38 | 3,087 |  |  | 8 | 334 |  |  | — | — |  |  | — | — |
Other concession |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | — | — |  |  | — | — |  |  | 3 | 1,036 |  |  | — | — |
Residential mortgage | — | — |  |  | — | — |  |  | 1 | 384 |  |  | — | — |
Total other concession | — | — |  |  | — | — |  |  | 4 | 1,420 |  |  | — | — |
Total originated restructurings | 148 | $ | 24,787 |  |  | 13 | $ | 1,080 |  |  | 150 | $ | 47,333 |  |  | 33 | $ | 7,479 |
| Year ended December 31, 2013 |  | Year ended December 31, 2012
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
| Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end |  | Number of Loans | Recorded investment at period end
| (dollars in thousands)
Acquired loans |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 1 | $ | 2,590 |  |  | 1 | $ | 2,590 |  |  | 2 | $ | 496 |  |  | 1 | $ | 356 |
Commercial mortgage | 5 | 2,880 |  |  | 1 | 299 |  |  | 4 | 10,404 |  |  | 1 | 234 |
Other commercial real estate | — | — |  |  | — | — |  |  | 1 | 2,994 |  |  | — | — |
Commercial and industrial | 1 | 21 |  |  | — | — |  |  | 1 | 170 |  |  | — | — |
Residential mortgage | 1 | 39 |  |  | — | — |  |  | 1 | 98 |  |  | — | — |
Total interest only | 8 | 5,530 |  |  | 2 | 2,889 |  |  | 9 | 14,162 |  |  | 2 | 590 |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 6 | 2,247 |  |  | — | — |  |  | 9 | 7,294 |  |  | 1 | 3,703 |
Commercial mortgage | 1 | 157 |  |  | 1 | 157 |  |  | 4 | 2,584 |  |  | — | — |
Commercial and industrial | 2 | 1,080 |  |  | — | — |  |  | 2 | 158 |  |  | — | — |
Residential mortgage | 3 | 5,153 |  |  | 2 | 5,120 |  |  | 4 | 5,111 |  |  | 2 | 4,629 |
Total loan term extension | 12 | 8,637 |  |  | 3 | 5,277 |  |  | 19 | 15,147 |  |  | 3 | 8,332 |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 2 | 106 |  |  | — | — |  |  | 13 | 19,953 |  |  | 5 | 8,781 |
Commercial mortgage | 12 | 7,513 |  |  | 4 | 2,418 |  |  | 18 | 19,100 |  |  | 6 | 3,906 |
Other commercial real estate | — | — |  |  | — | — |  |  | 2 | 1,954 |  |  | — | — |
Commercial and industrial | 2 | 493 |  |  | — | — |  |  | 5 | 1,299 |  |  | 2 | — |
Residential mortgage | 10 | 2,088 |  |  | 5 | 1,475 |  |  | 21 | 4,622 |  |  | 10 | 490 |
Construction and land development - noncommercial | — | — |  |  | — | — |  |  | 1 | — |  |  | 1 | — |
Total below market interest rate | 26 | 10,200 |  |  | 9 | 3,893 |  |  | 60 | 46,928 |  |  | 24 | 13,177 |
Other concession |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 1 | 110 |  |  | — | — |  |  | — | — |  |  | — | — |
Residential mortgage | — | — |  |  | — | — |  |  | 1 | 54 |  |  | 1 | 54 |
Total other concession | 1 | 110 |  |  | — | — |  |  | 1 | 54 |  |  | 1 | 54 |
Total acquired restructurings | 47 | $ | 24,477 |  |  | 14 | $ | 12,059 |  |  | 89 | $ | 76,291 |  |  | 30 | $ | 22,153 |
The following tables provide information on originated impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogeneous group, including interest income recognized in the period during which the loans and leases were considered impaired.
| With a recorded allowance |  | With no recorded allowance |  | Total |  | Unpaid principal balance |  | Related allowance recorded
| (dollars in thousands)
December 31, 2013 |  |  |  |  |  |  |  |  |
Impaired originated loans and leases |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 1,025 |  |  | $ | 1,247 |  |  | $ | 2,272 |  |  | $ | 7,306 |  |  | $ | 103 |
Commercial mortgage | 57,819 |  |  | 39,292 |  |  | 97,111 |  |  | 103,522 |  |  | 6,873 |
Other commercial real estate | 783 |  |  | 1,095 |  |  | 1,878 |  |  | 2,279 |  |  | 209 |
Commercial and industrial | 7,197 |  |  | 2,103 |  |  | 9,300 |  |  | 10,393 |  |  | 771 |
Lease financing | 133 |  |  | 55 |  |  | 188 |  |  | 188 |  |  | 54 |
Residential mortgage | 11,534 |  |  | 4,005 |  |  | 15,539 |  |  | 15,939 |  |  | 1,586 |
Revolving mortgage | 3,382 |  |  | 214 |  |  | 3,596 |  |  | 3,596 |  |  | 372 |
Construction and land development - noncommercial | 651 |  |  | 457 |  |  | 1,108 |  |  | 1,108 |  |  | 72 |
Consumer | 1,154 |  |  | — |  |  | 1,154 |  |  | 1,154 |  |  | 121 |
Total impaired originated loans and leases | $ | 83,678 |  |  | $ | 48,468 |  |  | $ | 132,146 |  |  | $ | 145,485 |  |  | $ | 10,161 |
December 31, 2012 |  |  |  |  |  |  |  |  |
Impaired originated loans and leases |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 5,941 |  |  | $ | 11,134 |  |  | $ | 17,075 |  |  | $ | 32,898 |  |  | $ | 2,469 |
Commercial mortgage | 39,648 |  |  | 94,156 |  |  | 133,804 |  |  | 136,743 |  |  | 11,697 |
Other commercial real estate | 1,425 |  |  | 1,950 |  |  | 3,375 |  |  | 3,475 |  |  | 298 |
Commercial and industrial | 7,429 |  |  | 15,190 |  |  | 22,619 |  |  | 22,619 |  |  | 2,133 |
Lease financing | 665 |  |  | 139 |  |  | 804 |  |  | 804 |  |  | 202 |
Other | — |  |  | 707 |  |  | 707 |  |  | 707 |  |  | 53 |
Residential mortgage | 9,346 |  |  | 6,490 |  |  | 15,836 |  |  | 16,229 |  |  | 959 |
Revolving mortgage | 1,238 |  |  | 2,965 |  |  | 4,203 |  |  | 4,203 |  |  | 1 |
Construction and land development - noncommercial | 1,162 |  |  | 159 |  |  | 1,321 |  |  | 1,321 |  |  | 287 |
Consumer | 1,609 |  |  | 900 |  |  | 2,509 |  |  | 2,509 |  |  | 256 |
Nonspecific | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total impaired originated loans and leases | $ | 68,463 |  |  | $ | 133,790 |  |  | $ | 202,253 |  |  | $ | 221,508 |  |  | $ | 18,355 |
| YTD Average Balance |  | YTD Interest Income Recognized
| (dollars in thousands)
Year ended December 31, 2013 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 6,414 |  |  | $ | 270 |
Commercial mortgage | 105,628 |  |  | 5,702 |
Other commercial real estate | 2,658 |  |  | 144 |
Commercial and industrial | 12,772 |  |  | 642 |
Lease financing | 350 |  |  | 22 |
Other | — |  |  | — |
Residential mortgage | 15,470 |  |  | 444 |
Revolving mortgage | 5,653 |  |  | 485 |
Construction and land development - noncommercial | 958 |  |  | 55 |
Consumer | 1,427 |  |  | 53 |
Total originated impaired loans and leases | $ | 151,330 |  |  | $ | 7,817 |
Year ended December 31, 2012 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 22,493 |  |  | $ | 399 |
Commercial mortgage | 96,082 |  |  | 4,630 |
Other commercial real estate | 2,690 |  |  | 142 |
Commercial and industrial | 13,658 |  |  | 788 |
Lease financing | 497 |  |  | 37 |
Other | 424 |  |  | 23 |
Residential mortgage | 14,951 |  |  | 586 |
Revolving mortgage | 2,931 |  |  | 68 |
Construction and land development - noncommercial | 2,850 |  |  | 41 |
Consumer | 1,850 |  |  | 21 |
Total originated impaired loans and leases | $ | 158,426 |  |  | $ | 6,735 |
Year ended December 31, 2011 |  |  |
Originated impaired loans and leases: |  |  |
Construction and land development - commercial | $ | 26,612 |  |  | $ | 56 |
Commercial mortgage | 65,729 |  |  | 1,330 |
Other commercial real estate | 1,368 |  |  | 55 |
Commercial and industrial | 12,984 |  |  | 456 |
Lease financing | 587 |  |  | 21 |
Other | 38 |  |  | — |
Residential mortgage | 9,252 |  |  | 300 |
Revolving mortgage | — |  |  | — |
Construction and land development - noncommercial | 2,022 |  |  | 105 |
Consumer | 636 |  |  | 18 |
Total originated impaired loans and leases | $ | 119,228 |  |  | $ | 2,341 |

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