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v3.20.4

Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Summary of Supplemental Cash Flow Information | The following table summarizes supplemental cash flow information:
| Years Ended December 31,
(dollars in thousands) | 2020 |  | 2019 |  | 2018
Cash payments: |  |  |  |  |
Interest | $ | 70,043 |  |  | $ | 127,713 |  |  | $ | 91,813 |
Income taxes (net of refunds) | 24,436 |  |  | 5,494 |  |  | (2,505) |
Noncash Investing and Financing Activities: |  |  |  |  |
Securities transferred from held-to-maturity to available-for-sale | — |  |  | 381,992 |  |  | 447,026 |
Securities transferred from available-for-sale to held-to-maturity | — |  |  | — |  |  | 323,990 |
Transfer of premises and equipment to assets held for sale | 16,661 |  |  | 2,689 |  |  | 9,634 |
Operating lease right-of-use assets obtained in exchange for lease obligations | (116) |  |  | 113,498 |  |  | — |
Finance lease right-of-use assets obtained in exchange for lease obligations | 5,225 |  |  | 7,871 |  |  | — |
Summary of Common Shares Issued and Resultant Value of Total Shareholders' Equity | The following table summarizes the common shares issued and resultant value of total shareholders’ equity associated with acquisitions:
(dollars and shares in thousands) | Shares of Common Stock |  | Total Shareholders' Equity
Year Ended December 31, 2018 |  |  |
Acquisition of Klein | 22,772 |  |  | $ | 406,474 |
Schedule of Composition of Loans and Impact of Adoption | The composition of loans by portfolio segment as of December 31, 2019 follows:
(dollars in thousands) | December 31, 2019 Statement Balance |  | Segment Portfolio Reclassifications |  | December 31, 2019 After Reclassifications
Loans: |  |  |  |  |
Commercial | $ | 2,890,296 |  |  | $ | (75,142) |  |  | $ | 2,815,154 |
Commercial real estate | 5,166,792 |  |  | (277,539) |  |  | 4,889,253 |
BBCC | N/A |  | 352,681 |  |  | 352,681 |
Residential real estate | 2,334,289 |  |  | — |  |  | 2,334,289 |
Consumer | 1,726,147 |  |  | (1,726,147) |  |  | N/A
Indirect | N/A |  | 935,584 |  |  | 935,584 |
Direct | N/A |  | 228,524 |  |  | 228,524 |
Home equity | N/A |  | 562,039 |  |  | 562,039 |
Total | $ | 12,117,524 |  |  | $ | — |  |  | $ | 12,117,524 |
Allowance: |  |  |  |  |
Commercial | $ | (22,585) |  |  | $ | 1,226 |  |  | $ | (21,359) |
Commercial real estate | (21,588) |  |  | 1,053 |  |  | (20,535) |
BBCC | N/A |  | (2,279) |  |  | (2,279) |
Residential real estate | (2,299) |  |  | — |  |  | (2,299) |
Consumer | (8,147) |  |  | 8,147 |  |  | N/A
Indirect | N/A |  | (5,319) |  |  | (5,319) |
Direct | N/A |  | (1,863) |  |  | (1,863) |
Home equity | N/A |  | (965) |  |  | (965) |
Total | $ | (54,619) |  |  | $ | — |  |  | $ | (54,619) |
The following table illustrates the impact of adoption of the ASU:
(dollars in thousands) | December 31, 2019 After Reclassifications |  | Impact of ASC 326 Adoption |  | January 1, 2020 Post-ASC 326 Adoption
Assets: |  |  |  |  |
Loans, net of unearned income: |  |  |  |  |
Commercial | $ | 2,815,154 |  |  | $ | 2,679 |  |  | $ | 2,817,833 |
Commercial real estate | 4,889,253 |  |  | 1,637 |  |  | 4,890,890 |
BBCC | 352,681 |  |  | 33 |  |  | 352,714 |
Residential real estate | 2,334,289 |  |  | 105 |  |  | 2,334,394 |
Indirect | 935,584 |  |  | 10 |  |  | 935,594 |
Direct | 228,524 |  |  | 2 |  |  | 228,526 |
Home equity | 562,039 |  |  | 12 |  |  | 562,051 |
Total | 12,117,524 |  |  | 4,478 |  |  | 12,122,002 |
Allowance: |  |  |  |  |
Commercial | (21,359) |  |  | (7,150) |  |  | (28,509) |
Commercial real estate | (20,535) |  |  | (25,548) |  |  | (46,083) |
BBCC | (2,279) |  |  | (3,702) |  |  | (5,981) |
Residential real estate | (2,299) |  |  | (6,986) |  |  | (9,285) |
Indirect | (5,319) |  |  | 1,669 |  |  | (3,650) |
Direct | (1,863) |  |  | 1,059 |  |  | (804) |
Home equity | (965) |  |  | (689) |  |  | (1,654) |
Total allowance for credit losses on loans | (54,619) |  |  | (41,347) |  |  | (95,966) |
Net loans | $ | 12,062,905 |  |  | $ | (36,869) |  |  | $ | 12,026,036 |
Net deferred tax assets | $ | 29,705 |  |  | $ | 10,268 |  |  | $ | 39,973 |
Liabilities: |  |  |  |  |
Allowance for credit losses on unfunded loan commitments | $ | 2,656 |  |  | $ | 4,549 |  |  | $ | 7,205 |
Shareholders' equity: |  |  |  |  |
Retained earnings | $ | 682,185 |  |  | $ | (31,150) |  |  | $ | 651,035 |
The composition of loans by portfolio segment as of December 31, 2020 follows:
| December 31, 2020 |  | Segment |  | December 31, 2020
| Statement |  | Portfolio |  | After
(dollars in thousands) | Balance |  | Reclassifications |  | Reclassifications
Loans: |  |  |  |  |
Commercial | $ | 3,956,422 |  |  | $ | (198,722) |  |  | $ | 3,757,700 |
Commercial real estate | 5,946,512 |  |  | (171,701) |  |  | 5,774,811 |
BBCC | N/A |  | 370,423 |  |  | 370,423 |
Residential real estate | 2,248,422 |  |  | — |  |  | 2,248,422 |
Consumer | 1,635,123 |  |  | (1,635,123) |  |  | N/A
Indirect | N/A |  | 913,902 |  |  | 913,902 |
Direct | N/A |  | 164,807 |  |  | 164,807 |
Home equity | N/A |  | 556,414 |  |  | 556,414 |
Total | $ | 13,786,479 |  |  | $ | — |  |  | $ | 13,786,479 |

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