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Allowance for Loan and Lease Losses | 6 Months Ended
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Jun. 30, 2016
Receivables [Abstract] |
Allowance | NOTE E - ALLOWANCE FOR LOAN AND LEASE LOSSES (ALLL) The following tables present the activity in the ALLL for non-PCI loan and lease losses by loan class for the three and six months ended June 30, 2016 and June 30, 2015:
| Three months ended June 30, 2016
(Dollars in thousands) | 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 |  | Total
Non-PCI Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at April 1 | $ | 16,885 |  |  | $ | 70,456 |  |  | $ | 2,207 |  |  | $ | 44,479 |  |  | $ | 5,422 |  |  | $ | 1,777 |  |  | $ | 14,727 |  |  | $ | 16,125 |  |  | $ | 1,575 |  |  | $ | 19,373 |  |  | $ | 193,026 |
Provision | 291 |  |  | 701 |  |  | (79 | ) |  | 81 |  |  | 343 |  |  | 37 |  |  | 1,487 |  |  | 1,470 |  |  | 78 |  |  | 2,299 |  |  | 6,708 |
Charge-offs | (136 | ) |  | (44 | ) |  | — |  |  | (1,177 | ) |  | — |  |  | (88 | ) |  | (179 | ) |  | (1,081 | ) |  | — |  |  | (3,136 | ) |  | (5,841 | )
Recoveries | 129 |  |  | 500 |  |  | 10 |  |  | 525 |  |  | 1 |  |  | 29 |  |  | 41 |  |  | 214 |  |  | — |  |  | 1,111 |  |  | 2,560 |
Balance at June 30 | $ | 17,169 |  |  | $ | 71,613 |  |  | $ | 2,138 |  |  | $ | 43,908 |  |  | $ | 5,766 |  |  | $ | 1,755 |  |  | $ | 16,076 |  |  | $ | 16,728 |  |  | $ | 1,653 |  |  | $ | 19,647 |  |  | $ | 196,453 |
| Three months ended June 30, 2015
| 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 |  | Total
Balance at April 1 | $ | 13,108 |  |  | $ | 82,038 |  |  | $ | 1,031 |  |  | $ | 36,954 |  |  | $ | 4,293 |  |  | $ | 2,981 |  |  | $ | 11,328 |  |  | $ | 17,529 |  |  | $ | 1,056 |  |  | $ | 17,616 |  |  | $ | 187,934 |
Provision | 88 |  |  | (1,878 | ) |  | (227 | ) |  | 4,547 |  |  | 408 |  |  | (1,824 | ) |  | 1,162 |  |  | 31 |  |  | 74 |  |  | 6,613 |  |  | 8,994 |
Charge-offs | (221 | ) |  | (47 | ) |  | (9 | ) |  | (2,318 | ) |  | (6 | ) |  | — |  |  | (90 | ) |  | (616 | ) |  | — |  |  | (2,743 | ) |  | (6,050 | )
Recoveries | 104 |  |  | 323 |  |  | 9 |  |  | 209 |  |  | 11 |  |  | 31 |  |  | 305 |  |  | 346 |  |  | 3 |  |  | 630 |  |  | 1,971 |
Balance at June 30 | $ | 13,079 |  |  | $ | 80,436 |  |  | $ | 804 |  |  | $ | 39,392 |  |  | $ | 4,706 |  |  | $ | 1,188 |  |  | $ | 12,705 |  |  | $ | 17,290 |  |  | $ | 1,133 |  |  | $ | 22,116 |  |  | $ | 192,849 |
| Six months ended June 30, 2016
| 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 |  | Total
Balance at January 1 | $ | 16,288 |  |  | $ | 69,896 |  |  | $ | 2,168 |  |  | $ | 43,116 |  |  | $ | 5,524 |  |  | $ | 1,855 |  |  | $ | 14,105 |  |  | $ | 15,971 |  |  | $ | 1,485 |  |  | $ | 19,496 |  |  | $ | 189,904 |
Provision | 1,234 |  |  | 1,096 |  |  | (184 | ) |  | 2,282 |  |  | 62 |  |  | (290 | ) |  | 2,262 |  |  | 2,628 |  |  | 165 |  |  | 4,293 |  |  | 13,548 |
Charge-offs | (562 | ) |  | (134 | ) |  | — |  |  | (2,494 | ) |  | — |  |  | (160 | ) |  | (352 | ) |  | (2,116 | ) |  | — |  |  | (6,243 | ) |  | (12,061 | )
Recoveries | 209 |  |  | 755 |  |  | 154 |  |  | 1,004 |  |  | 180 |  |  | 350 |  |  | 61 |  |  | 245 |  |  | 3 |  |  | 2,101 |  |  | 5,062 |
Balance at June 30 | $ | 17,169 |  |  | $ | 71,613 |  |  | $ | 2,138 |  |  | $ | 43,908 |  |  | $ | 5,766 |  |  | $ | 1,755 |  |  | $ | 16,076 |  |  | $ | 16,728 |  |  | $ | 1,653 |  |  | $ | 19,647 |  |  | $ | 196,453 |
| Six months ended June 30, 2015
| 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 |  | Total
Balance at January 1 | $ | 11,961 |  |  | $ | 85,189 |  |  | $ | 732 |  |  | $ | 30,727 |  |  | $ | 4,286 |  |  | $ | 3,184 |  |  | $ | 10,661 |  |  | $ | 18,650 |  |  | $ | 892 |  |  | $ | 16,555 |  |  | $ | 182,837 |
Provision | 1,191 |  |  | (5,557 | ) |  | 231 |  |  | 12,093 |  |  | 419 |  |  | (2,042 | ) |  | 1,975 |  |  | (431 | ) |  | 192 |  |  | 9,579 |  |  | 17,650 |
Charge-offs | (239 | ) |  | (280 | ) |  | (178 | ) |  | (4,031 | ) |  | (21 | ) |  | — |  |  | (374 | ) |  | (1,409 | ) |  | (22 | ) |  | (5,526 | ) |  | (12,080 | )
Recoveries | 166 |  |  | 1,084 |  |  | 19 |  |  | 603 |  |  | 22 |  |  | 46 |  |  | 443 |  |  | 480 |  |  | 71 |  |  | 1,508 |  |  | 4,442 |
Balance at June 30 | $ | 13,079 |  |  | $ | 80,436 |  |  | $ | 804 |  |  | $ | 39,392 |  |  | $ | 4,706 |  |  | $ | 1,188 |  |  | $ | 12,705 |  |  | $ | 17,290 |  |  | $ | 1,133 |  |  | $ | 22,116 |  |  | $ | 192,849 |
The following tables present the allowance for non-PCI loan losses and the recorded investment in loans, by loan class, based on impairment method as of June 30, 2016 and December 31, 2015:
| June 30, 2016
(Dollars in thousands) | 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 |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 333 |  |  | $ | 4,248 |  |  | $ | 119 |  |  | $ | 971 |  |  | $ | 45 |  |  | $ | — |  |  | $ | 1,992 |  |  | $ | 868 |  |  | $ | — |  |  | $ | 683 |  |  | $ | 9,259 |
ALLL for loans and leases collectively evaluated for impairment | 16,836 |  |  | 67,365 |  |  | 2,019 |  |  | 42,937 |  |  | 5,721 |  |  | 1,755 |  |  | 14,084 |  |  | 15,860 |  |  | 1,653 |  |  | 18,964 |  |  | 187,194 |
Total allowance for loan and lease losses | $ | 17,169 |  |  | $ | 71,613 |  |  | $ | 2,138 |  |  | $ | 43,908 |  |  | $ | 5,766 |  |  | $ | 1,755 |  |  | $ | 16,076 |  |  | $ | 16,728 |  |  | $ | 1,653 |  |  | $ | 19,647 |  |  | $ | 196,453 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 3,299 |  |  | $ | 77,620 |  |  | $ | 1,551 |  |  | $ | 10,220 |  |  | $ | 1,233 |  |  | $ | 695 |  |  | $ | 26,780 |  |  | $ | 7,113 |  |  | $ | 411 |  |  | $ | 1,471 |  |  | $ | 130,393 |
Loans and leases collectively evaluated for impairment | 621,507 |  |  | 8,427,639 |  |  | 336,067 |  |  | 2,375,939 |  |  | 783,628 |  |  | 364,574 |  |  | 2,751,083 |  |  | 2,526,415 |  |  | 225,911 |  |  | 1,277,948 |  |  | 19,690,711 |
Total loan and leases | $ | 624,806 |  |  | $ | 8,505,259 |  |  | $ | 337,618 |  |  | $ | 2,386,159 |  |  | $ | 784,861 |  |  | $ | 365,269 |  |  | $ | 2,777,863 |  |  | $ | 2,533,528 |  |  | $ | 226,322 |  |  | $ | 1,279,419 |  |  | $ | 19,821,104 |
| December 31, 2015
(Dollars in thousands) | 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 |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 123 |  |  | $ | 3,370 |  |  | $ | 289 |  |  | $ | 1,118 |  |  | $ | 213 |  |  | $ | — |  |  | $ | 1,212 |  |  | $ | 299 |  |  | $ | 49 |  |  | $ | 527 |  |  | $ | 7,200 |
ALLL for loans and leases collectively evaluated for impairment | 16,165 |  |  | 66,526 |  |  | 1,879 |  |  | 41,998 |  |  | 5,311 |  |  | 1,855 |  |  | 12,893 |  |  | 15,672 |  |  | 1,436 |  |  | 18,969 |  |  | 182,704 |
Total allowance for loan and lease losses | $ | 16,288 |  |  | $ | 69,896 |  |  | $ | 2,168 |  |  | $ | 43,116 |  |  | $ | 5,524 |  |  | $ | 1,855 |  |  | $ | 14,105 |  |  | $ | 15,971 |  |  | $ | 1,485 |  |  | $ | 19,496 |  |  | $ | 189,904 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 3,094 |  |  | $ | 95,107 |  |  | $ | 427 |  |  | $ | 17,910 |  |  | $ | 1,755 |  |  | $ | 1,183 |  |  | $ | 22,986 |  |  | $ | 5,883 |  |  | $ | 784 |  |  | $ | 1,238 |  |  | $ | 150,367 |
Loans and leases collectively evaluated for impairment | 617,258 |  |  | 8,179,441 |  |  | 320,594 |  |  | 2,351,048 |  |  | 729,023 |  |  | 313,649 |  |  | 2,672,999 |  |  | 2,517,223 |  |  | 219,289 |  |  | 1,218,583 |  |  | 19,139,107 |
Total loan and leases | $ | 620,352 |  |  | $ | 8,274,548 |  |  | $ | 321,021 |  |  | $ | 2,368,958 |  |  | $ | 730,778 |  |  | $ | 314,832 |  |  | $ | 2,695,985 |  |  | $ | 2,523,106 |  |  | $ | 220,073 |  |  | $ | 1,219,821 |  |  | $ | 19,289,474 |
The following tables show the activity in the allowance for PCI loan and lease losses by loan class for the three and six months ended June 30, 2016 and June 30, 2015.
| Three months ended June 30, 2016
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
PCI Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at April 1 | $ | 733 |  |  | $ | 6,750 |  |  | $ | 770 |  |  | $ | 225 |  |  | $ | 4,680 |  |  | $ | 415 |  |  | $ | — |  |  | $ | 184 |  |  | $ | 13,757 |
Provision | (453 | ) |  | (935 | ) |  | (154 | ) |  | 60 |  |  | (382 | ) |  | (177 | ) |  | — |  |  | (105 | ) |  | (2,146 | )
Charge-offs | — |  |  | (56 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (56 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at June 30 | $ | 280 |  |  | $ | 5,759 |  |  | $ | 616 |  |  | $ | 285 |  |  | $ | 4,298 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 79 |  |  | $ | 11,555 |
| Three months ended June 30, 2015
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
Balance at April 1 | $ | 341 |  |  | $ | 8,876 |  |  | $ | 194 |  |  | $ | 11 |  |  | $ | 4,872 |  |  | $ | 3,271 |  |  | $ | 31 |  |  | $ | 23 |  |  | $ | 17,619 |
Provision | 325 |  |  | (2,065 | ) |  | (125 | ) |  | 399 |  |  | 1,165 |  |  | (1,112 | ) |  | (31 | ) |  | 169 |  |  | (1,275 | )
Charge-offs | (97 | ) |  | (383 | ) |  | — |  |  | (87 | ) |  | (195 | ) |  | (108 | ) |  | — |  |  | (6 | ) |  | (876 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at June 30 | $ | 569 |  |  | $ | 6,428 |  |  | $ | 69 |  |  | $ | 323 |  |  | $ | 5,842 |  |  | $ | 2,051 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 15,468 |
| Six months ended June 30, 2016
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
Balance at January 1 | $ | 1,082 |  |  | $ | 7,838 |  |  | $ | 773 |  |  | $ | 445 |  |  | $ | 5,398 |  |  | $ | 523 |  |  | $ | — |  |  | $ | 253 |  |  | $ | 16,312 |
Provision | (802 | ) |  | (1,914 | ) |  | (152 | ) |  | (160 | ) |  | (729 | ) |  | (285 | ) |  | — |  |  | (101 | ) |  | (4,143 | )
Charge-offs | — |  |  | (165 | ) |  | (5 | ) |  | — |  |  | (371 | ) |  | — |  |  | — |  |  | (73 | ) |  | (614 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at June 30 | $ | 280 |  |  | $ | 5,759 |  |  | $ | 616 |  |  | $ | 285 |  |  | $ | 4,298 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 79 |  |  | $ | 11,555 |
| Six months ended June 30, 2015
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
Balance at January 1 | $ | 150 |  |  | $ | 10,135 |  |  | $ | 75 |  |  | $ | 1,240 |  |  | $ | 5,820 |  |  | $ | 3,999 |  |  | $ | 183 |  |  | $ | 27 |  |  | $ | 21,629 |
Provision | 516 |  |  | (2,990 | ) |  | (6 | ) |  | (632 | ) |  | 302 |  |  | (1,767 | ) |  | (183 | ) |  | 621 |  |  | (4,139 | )
Charge-offs | (97 | ) |  | (717 | ) |  | — |  |  | (285 | ) |  | (280 | ) |  | (181 | ) |  | — |  |  | (462 | ) |  | (2,022 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at June 30 | $ | 569 |  |  | $ | 6,428 |  |  | $ | 69 |  |  | $ | 323 |  |  | $ | 5,842 |  |  | $ | 2,051 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 15,468 |
The following tables show the ending balances of PCI loans and leases and related allowance by class of loans as of June 30, 2016 and December 31, 2015:
| June 30, 2016
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
ALLL for loans and leases acquired with deteriorated credit quality | $ | 280 |  |  | $ | 5,759 |  |  | $ | 616 |  |  | $ | 285 |  |  | $ | 4,298 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 79 |  |  | $ | 11,555 |
Loans and leases acquired with deteriorated credit quality | 27,742 |  |  | 513,021 |  |  | 20,166 |  |  | 12,854 |  |  | 294,625 |  |  | 47,230 |  |  | 467 |  |  | 5,362 |  |  | 921,467 |
| December 31, 2015
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - noncommercial |  | Consumer and other |  | Total
ALLL for loans and leases acquired with deteriorated credit quality | $ | 1,082 |  |  | $ | 7,838 |  |  | $ | 773 |  |  | $ | 445 |  |  | $ | 5,398 |  |  | $ | 523 |  |  | $ | — |  |  | $ | 253 |  |  | $ | 16,312 |
Loans and leases acquired with deteriorated credit quality | 33,880 |  |  | 525,468 |  |  | 17,076 |  |  | 15,182 |  |  | 302,158 |  |  | 52,471 |  |  | — |  |  | 4,281 |  |  | 950,516 |
As of June 30, 2016, and December 31, 2015, $394.6 million and $469.3 million, respectively, in PCI loans experienced an adverse change in expected cash flows since the date of acquisition. The corresponding valuation reserve was $11.6 million and $16.3 million, respectively. The following tables provide information on non-PCI impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogeneous group, as of June 30, 2016 and December 31, 2015 including interest income recognized in the period during which the loans and leases were considered impaired.
| June 30, 2016
(Dollars in thousands) | With a recorded allowance |  | With no recorded allowance |  | Total |  | Unpaid principal balance |  | Related allowance recorded
Non-PCI impaired loans and leases: |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 2,164 |  |  | $ | 1,135 |  |  | $ | 3,299 |  |  | $ | 3,800 |  |  | $ | 333 |
Commercial mortgage | 37,960 |  |  | 39,660 |  |  | 77,620 |  |  | 84,095 |  |  | 4,248 |
Other commercial real estate | 578 |  |  | 973 |  |  | 1,551 |  |  | 1,875 |  |  | 119 |
Commercial and industrial | 6,529 |  |  | 3,691 |  |  | 10,220 |  |  | 10,670 |  |  | 971 |
Lease financing | 1,209 |  |  | 24 |  |  | 1,233 |  |  | 1,233 |  |  | 45 |
Other | — |  |  | 695 |  |  | 695 |  |  | 783 |  |  | — |
Residential mortgage | 14,734 |  |  | 12,046 |  |  | 26,780 |  |  | 27,772 |  |  | 1,992 |
Revolving mortgage | 4,654 |  |  | 2,459 |  |  | 7,113 |  |  | 8,607 |  |  | 868 |
Construction and land development - noncommercial | — |  |  | 411 |  |  | 411 |  |  | 411 |  |  | — |
Consumer | 1,307 |  |  | 164 |  |  | 1,471 |  |  | 1,558 |  |  | 683 |
Total non-PCI impaired loans and leases | $ | 69,135 |  |  | $ | 61,258 |  |  | $ | 130,393 |  |  | $ | 140,804 |  |  | $ | 9,259 |
| December 31, 2015
(Dollars in thousands) | With a recorded allowance |  | With no recorded allowance |  | Total |  | Unpaid principal balance |  | Related allowance recorded
Non-PCI impaired loans and leases: |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 1,623 |  |  | $ | 1,471 |  |  | $ | 3,094 |  |  | $ | 4,428 |  |  | $ | 123 |
Commercial mortgage | 41,793 |  |  | 53,314 |  |  | 95,107 |  |  | 103,763 |  |  | 3,370 |
Other commercial real estate | 305 |  |  | 122 |  |  | 427 |  |  | 863 |  |  | 289 |
Commercial and industrial | 8,544 |  |  | 9,366 |  |  | 17,910 |  |  | 21,455 |  |  | 1,118 |
Lease financing | 1,651 |  |  | 104 |  |  | 1,755 |  |  | 1,956 |  |  | 213 |
Other | — |  |  | 1,183 |  |  | 1,183 |  |  | 1,260 |  |  | — |
Residential mortgage | 10,097 |  |  | 12,889 |  |  | 22,986 |  |  | 25,043 |  |  | 1,212 |
Revolving mortgage | 1,105 |  |  | 4,778 |  |  | 5,883 |  |  | 7,120 |  |  | 299 |
Construction and land development - noncommercial | 693 |  |  | 91 |  |  | 784 |  |  | 784 |  |  | 49 |
Consumer | 1,050 |  |  | 188 |  |  | 1,238 |  |  | 1,294 |  |  | 527 |
Total non-PCI impaired loans and leases | $ | 66,861 |  |  | $ | 83,506 |  |  | $ | 150,367 |  |  | $ | 167,966 |  |  | $ | 7,200 |
The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the three and six months ended June 30, 2016 and June 30, 2015:
| Three months ended June 30, 2016 |  | Three months ended June 30, 2015
(Dollars in thousands) | Average balance |  | Interest income recognized |  | Average balance |  | Interest income recognized
Non-PCI impaired loans and leases: |  |  |  |  |  |  |
Construction and land development - commercial | $ | 3,236 |  |  | $ | 40 |  |  | $ | 3,134 |  |  | $ | 35 |
Commercial mortgage | 79,442 |  |  | 616 |  |  | 86,253 |  |  | 840 |
Other commercial real estate | 878 |  |  | 7 |  |  | 403 |  |  | — |
Commercial and industrial | 9,938 |  |  | 84 |  |  | 14,088 |  |  | 146 |
Lease financing | 1,214 |  |  | 15 |  |  | 1,463 |  |  | 16 |
Other | 813 |  |  | 10 |  |  | 1,835 |  |  | — |
Residential mortgage | 24,982 |  |  | 178 |  |  | 16,819 |  |  | 135 |
Revolving mortgage | 6,421 |  |  | 40 |  |  | 4,015 |  |  | 23 |
Construction and land development - noncommercial | 413 |  |  | 5 |  |  | 779 |  |  | 9 |
Consumer | 1,422 |  |  | 20 |  |  | 1,154 |  |  | 20 |
Total non-PCI impaired loans and leases | $ | 128,759 |  |  | $ | 1,015 |  |  | $ | 129,943 |  |  | $ | 1,224 |
| Six months ended June 30, 2016 |  | Six months ended June 30, 2015
(Dollars in thousands) | Average balance |  | Interest income recognized |  | Average balance |  | Interest income recognized
Non-PCI impaired loans and leases: |  |  |  |  |  |  |
Construction and land development - commercial | $ | 3,200 |  |  | $ | 81 |  |  | $ | 3,093 |  |  | $ | 70 |
Commercial mortgage | 86,193 |  |  | 1,382 |  |  | 83,115 |  |  | 1,602 |
Other commercial real estate | 651 |  |  | 12 |  |  | 477 |  |  | 1 |
Commercial and industrial | 12,744 |  |  | 235 |  |  | 12,220 |  |  | 249 |
Lease financing | 1,436 |  |  | 35 |  |  | 1,527 |  |  | 34 |
Other | 943 |  |  | 24 |  |  | 1,913 |  |  | — |
Residential mortgage | 24,240 |  |  | 350 |  |  | 16,092 |  |  | 260 |
Revolving mortgage | 6,365 |  |  | 72 |  |  | 3,501 |  |  | 39 |
Construction and land development - noncommercial | 485 |  |  | 11 |  |  | 719 |  |  | 16 |
Consumer | 1,344 |  |  | 38 |  |  | 1,088 |  |  | 39 |
Total non-PCI impaired loans and leases | $ | 137,601 |  |  | $ | 2,240 |  |  | $ | 123,745 |  |  | $ | 2,310 |
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 grant. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, acquired loans accounted for 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. Subsequent modifications of a PCI loan accounted for in a pool that would otherwise meet the definition of a TDR is not reported, or accounted for, as a TDR since pooled PCI loans are excluded from the scope of TDR accounting. The following table provides a summary of total TDRs by accrual status.
| June 30, 2016 |  | December 31, 2015
(Dollars in thousands) | Accruing |  | Nonaccruing |  | Total |  | Accruing |  | Nonaccruing |  | Total
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 3,444 |  |  | $ | 451 |  |  | $ | 3,895 |  |  | $ | 3,624 |  |  | $ | 257 |  |  | $ | 3,881 |
Commercial mortgage | 62,232 |  |  | 15,623 |  |  | 77,855 |  |  | 65,812 |  |  | 18,728 |  |  | 84,540 |
Other commercial real estate | 2,747 |  |  | 93 |  |  | 2,840 |  |  | 1,751 |  |  | 89 |  |  | 1,840 |
Commercial and industrial | 7,466 |  |  | 692 |  |  | 8,158 |  |  | 8,833 |  |  | 3,341 |  |  | 12,174 |
Lease financing | 1,064 |  |  | 44 |  |  | 1,108 |  |  | 1,191 |  |  | 169 |  |  | 1,360 |
Other | 610 |  |  | 85 |  |  | 695 |  |  | 1,183 |  |  | — |  |  | 1,183 |
Total commercial TDRs | 77,563 |  |  | 16,988 |  |  | 94,551 |  |  | 82,394 |  |  | 22,584 |  |  | 104,978 |
Noncommercial |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 28,334 |  |  | 7,476 |  |  | 35,810 |  |  | 25,427 |  |  | 7,129 |  |  | 32,556 |
Revolving mortgage | 5,593 |  |  | 1,469 |  |  | 7,062 |  |  | 3,600 |  |  | 1,705 |  |  | 5,305 |
Construction and land development - noncommercial | 411 |  |  | — |  |  | 411 |  |  | 784 |  |  | — |  |  | 784 |
Consumer and other | 1,268 |  |  | 204 |  |  | 1,472 |  |  | 1,091 |  |  | 129 |  |  | 1,220 |
Total noncommercial TDRs | 35,606 |  |  | 9,149 |  |  | 44,755 |  |  | 30,902 |  |  | 8,963 |  |  | 39,865 |
Total TDRs | $ | 113,169 |  |  | $ | 26,137 |  |  | $ | 139,306 |  |  | $ | 113,296 |  |  | $ | 31,547 |  |  | $ | 144,843 |
The majority of TDRs are included in the special mention, substandard or doubtful grading categories. 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 or analysis of cash flows. The following table shows the accrual status of non-PCI and PCI TDRs.
(Dollars in thousands) | June 30, 2016 |  | December 31, 2015
Accruing TDRs: |  |  |
PCI | $ | 23,369 |  |  | $ | 29,231 |
Non-PCI | 89,800 |  |  | 84,065 |
Total accruing TDRs | 113,169 |  |  | 113,296 |
Nonaccruing TDRs: |  |  |
PCI | 952 |  |  | 1,420 |
Non-PCI | 25,185 |  |  | 30,127 |
Total nonaccruing TDRs | 26,137 |  |  | 31,547 |
All TDRs: |  |  |
PCI | 24,321 |  |  | 30,651 |
Non-PCI | 114,985 |  |  | 114,192 |
Total TDRs | $ | 139,306 |  |  | $ | 144,843 |
The following tables provide the types of TDRs made during the three and six months ended June 30, 2016 and June 30, 2015, as well as a summary of loans that were modified as a TDR during the twelve months ended June 30, 2016 and June 30, 2015 that subsequently defaulted during the three and six months ended June 30, 2016 and June 30, 2015. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first.
| Three months ended June 30, 2016 |  | Three months ended June 30, 2015
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
Non-PCI loans and leases |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | — |  | $ | — |  |  | — |  | $ | — |  |  | 2 |  | $ | 69 |  |  | — |  | $ | — |
Total interest only | — |  | — |  |  | — |  | — |  |  | 2 |  | 69 |  |  | — |  | — |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 2 |  | 808 |  |  | — |  | — |  |  | 2 |  | 840 |  |  | — |  | — |
Other commercial real estate | 1 |  | 841 |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Commercial and industrial | — |  | — |  |  | 1 |  | — |  |  | — |  | — |  |  | — |  | — |
Residential mortgage | 5 |  | 678 |  |  | 1 |  | 52 |  |  | — |  | — |  |  | — |  | — |
Total loan term extension | 8 |  | 2,327 |  |  | 2 |  | 52 |  |  | 2 |  | 840 |  |  | — |  | — |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 4 |  | 317 |  |  | 2 |  | 209 |  |  | 3 |  | 251 |  |  | — |  | — |
Commercial mortgage | 12 |  | 1,741 |  |  | 5 |  | 577 |  |  | 6 |  | 1,510 |  |  | — |  | — |
Other commercial real estate | 1 |  | 498 |  |  | 1 |  | 12 |  |  | — |  | — |  |  | — |  | — |
Commercial and industrial | 8 |  | 694 |  |  | 5 |  | 197 |  |  | 4 |  | 521 |  |  | 1 |  | 142 |
Residential mortgage | 42 |  | 2,473 |  |  | 20 |  | 1,337 |  |  | 15 |  | 646 |  |  | 1 |  | 15 |
Revolving mortgage | 2 |  | 59 |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Consumer | 1 |  | 16 |  |  | 1 |  | — |  |  | 3 |  | 40 |  |  | — |  | — |
Other | — |  | — |  |  | 1 |  | 85 |  |  | — |  | — |  |  | — |  | — |
Total below market interest rate | 70 |  | 5,798 |  |  | 35 |  | 2,417 |  |  | 31 |  | 2,968 |  |  | 2 |  | 157 |
Discharged from bankruptcy |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 2 |  | 283 |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Commercial and industrial | 2 |  | 49 |  |  | — |  | — |  |  | 1 |  | 17 |  |  | — |  | —
Residential mortgage | 5 |  | 147 |  |  | 7 |  | 506 |  |  | 2 |  | 35 |  |  | — |  | — |
Revolving mortgage | 13 |  | 1,461 |  |  | 5 |  | 59 |  |  | 7 |  | 203 |  |  | 3 |  | 60 |
Consumer | 10 |  | 144 |  |  | 7 |  | 79 |  |  | 3 |  | 45 |  |  | — |  | — |
Total discharged from bankruptcy | 32 |  | 2,084 |  |  | 19 |  | 644 |  |  | 13 |  | 300 |  |  | 3 |  | 60 |
Total non-PCI restructurings | 110 |  | $ | 10,209 |  |  | 56 |  | $ | 3,113 |  |  | 48 |  | $ | 4,177 |  |  | 5 |  | $ | 217 |
| Six months ended June 30, 2016 |  | Six months ended June 30, 2015
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
Non-PCI loans and leases |  |  |  |  |  |  |  |  |  |  |
Interest only period provided |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage | 1 |  | $ | 249 |  |  | 1 |  | $ | 249 |  |  | 2 |  | $ | 69 |  |  | — |  | $ | — |
Commercial and industrial | — |  | — |  |  | — |  | — |  |  | 1 |  | 1,872 |  |  | 1 |  | 1,872 |
Total interest only | 1 |  | 249 |  |  | 1 |  | 249 |  |  | 3 |  | 1,941 |  |  | 1 |  | 1,872 |
Loan term extension |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 1 |  | 401 |  |  | — |  | — |  |  | 1 |  | 212 |  |  | 1 |  | 212 |
Commercial mortgage | 4 |  | 1,096 |  |  | — |  | — |  |  | 5 |  | 1,371 |  |  | — |  | — |
Other commercial real estate | 1 |  | 841 |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Commercial and industrial | — |  | — |  |  | 1 |  | — |  |  | — |  | — |  |  | — |  | — |
Residential mortgage | 7 |  | 978 |  |  | 1 |  | 52 |  |  | — |  | — |  |  | — |  | — |
Revolving mortgage | — |  | — |  |  | — |  | — |  |  | 1 |  | 9 |  |  | — |  | — |
Consumer | — |  | — |  |  | — |  | — |  |  | 1 |  | 5 |  |  | — |  | — |
Total loan term extension | 13 |  | 3,316 |  |  | 2 |  | 52 |  |  | 8 |  | 1,597 |  |  | 1 |  | 212 |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 6 |  | 414 |  |  | 3 |  | 227 |  |  | 5 |  | 296 |  |  | — |  | — |
Commercial mortgage | 22 |  | 2,866 |  |  | 9 |  | 1,078 |  |  | 16 |  | 5,226 |  |  | 1 |  | 498 |
Other commercial real estate | 1 |  | 498 |  |  | 1 |  | 12 |  |  | — |  | — |  |  | — |  | — |
Commercial and industrial | 11 |  | 704 |  |  | 5 |  | 197 |  |  | 7 |  | 673 |  |  | 1 |  | 142 |
Residential mortgage | 94 |  | 5,998 |  |  | 32 |  | 2,107 |  |  | 42 |  | 1,698 |  |  | 3 |  | 58 |
Revolving mortgage | 4 |  | 141 |  |  | — |  | — |  |  | 3 |  | 63 |  |  | — |  | — |
Construction and land development - noncommercial | — |  | — |  |  | — |  | — |  |  | 2 |  | 253 |  |  | — |  | — |
Consumer | 3 |  | 20 |  |  | 1 |  | — |  |  | 7 |  | 85 |  |  | — |  | — |
Other | 1 |  | 85 |  |  | 1 |  | 85 |  |  | 1 |  | 1,732 |  |  | — |  | — |
Total below market interest rate | 142 |  | 10,726 |  |  | 52 |  | 3,706 |  |  | 83 |  | 10,026 |  |  | 5 |  | 698 |
Discharged from bankruptcy |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | — |  | — |  |  | 1 |  | 14 |  |  | — |  | — |  |  | — |  | — |
Commercial mortgage | 2 |  | 283 |  |  | — |  | — |  |  | 1 |  | 622 |  |  | — |  | — |
Commercial and industrial | 2 |  | 49 |  |  | — |  | — |  |  | 1 |  | 17 |  |  | — |  | — |
Residential mortgage | 11 |  | 721 |  |  | 7 |  | 506 |  |  | 8 |  | 434 |  |  | — |  | — |
Revolving mortgage | 25 |  | 1,695 |  |  | 12 |  | 151 |  |  | 16 |  | 632 |  |  | 5 |  | 158 |
Construction and land development - noncommercial | — |  | — |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Consumer | 25 |  | 290 |  |  | 10 |  | 95 |  |  | 4 |  | 48 |  |  | — |  | — |
Total discharged from bankruptcy | 65 |  | 3,038 |  |  | 30 |  | 766 |  |  | 30 |  | 1,753 |  |  | 5 |  | 158 |
Total non-PCI restructurings | 221 |  | $ | 17,329 |  |  | 85 |  | $ | 4,773 |  |  | 124 |  | $ | 15,317 |  |  | 12 |  | $ | 2,940 |
| Three months ended June 30, 2016 |  | Three months ended June 30, 2015
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
PCI loans |  |  |  |  |  |  |  |  |  |  |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 1 |  | $ | 48 |  |  | 1 |  | $ | 54 |  |  | 1 |  | $ | 60 |  |  | — |  | $ | — |
Total below market interest rate | 1 |  | 48 |  |  | 1 |  | 54 |  |  | 1 |  | 60 |  |  | — |  | — |
Total PCI restructurings | 1 |  | $ | 48 |  |  | 1 |  | $ | 54 |  |  | 1 |  | $ | 60 |  |  | — |  | $ | — |
| Six months ended June 30, 2016 |  | Six months ended June 30, 2015
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
PCI loans |  |  |  |  |  |  |  |  |  |  |
Below market interest rate |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | 1 |  | $ | 55 |  |  | — |  | $ | — |  |  | — |  | $ | — |  |  | — |  | $ | — |
Commercial mortgage | 3 |  | 2,027 |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Residential mortgage | 1 |  | 48 |  |  | 1 |  | 54 |  |  | 8 |  | 545 |  |  | — |  | — |
Total below market interest rate | 5 |  | 2,130 |  |  | 1 |  | 54 |  |  | 8 |  | 545 |  |  | — |  | — |
Discharged from bankruptcy |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | — |  | — |  |  | — |  | — |  |  | 1 |  | 78 |  |  | — |  | — |
Total discharged from bankruptcy | — |  | — |  |  | — |  | — |  |  | 1 |  | 78 |  |  | — |  | — |
Total PCI restructurings | 5 |  | $ | 2,130 |  |  | 1 |  | $ | 54 |  |  | 9 |  | $ | 623 |  |  | — |  | $ | — |
For the three and six months ended June 30, 2016 and June 30, 2015, the recorded investment in TDRs subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares.

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