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Loans and Allowance for Loan Losses | 3 Months Ended
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Mar. 31, 2016
Loans and Allowance for Loan Losses [Abstract] |
Loans and Allowance for Loan Losses | 3. Loans and Allowance for Loan Losses Loans, net of unearned income, consisted of the following. ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | March 31, |  | December 31,
﻿(in thousands) |  | 2016 |  | 2015
﻿Originated loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 7,088,146 |  | $ | 6,930,453
﻿Construction and land development |  |  | 1,086,382 |  |  | 1,139,743
﻿Commercial real estate |  |  | 3,504,803 |  |  | 3,220,509
﻿Residential mortgages |  |  | 1,839,889 |  |  | 1,887,256
﻿Consumer |  |  | 2,048,068 |  |  | 2,080,626
﻿Total originated loans |  | $ | 15,567,288 |  | $ | 15,258,587
﻿Acquired loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 51,949 |  | $ | 59,843
﻿Construction and land development |  |  | 2,250 |  |  | 5,080
﻿Commercial real estate |  |  | 156,285 |  |  | 176,460
﻿Residential mortgages |  |  | 1,116 |  |  | 27
﻿Consumer |  |  | 20 |  |  | 20
﻿Total acquired loans |  | $ | 211,620 |  | $ | 241,430
﻿FDIC acquired loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 5,311 |  | $ | 5,528
﻿Construction and land development |  |  | 6,782 |  |  | 7,127
﻿Commercial real estate |  |  | 15,004 |  |  | 15,582
﻿Residential mortgages |  |  | 159,962 |  |  | 162,241
﻿Consumer |  |  | 12,157 |  |  | 12,819
﻿Total FDIC acquired loans |  | $ | 199,216 |  | $ | 203,297
﻿Total loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 7,145,406 |  | $ | 6,995,824
﻿Construction and land development |  |  | 1,095,414 |  |  | 1,151,950
﻿Commercial real estate |  |  | 3,676,092 |  |  | 3,412,551
﻿Residential mortgages |  |  | 2,000,967 |  |  | 2,049,524
﻿Consumer |  |  | 2,060,245 |  |  | 2,093,465
﻿Total loans |  | $ | 15,978,124 |  | $ | 15,703,314
﻿ The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category. Originated loans Loans reported as “originated” include both loans and leases originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured. Acquired loans Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. At the time of the Whitney acquisition, the Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value for purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30. Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio. The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment. FDIC acquired loans and the related loss share receivable Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (“Peoples First”) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pools with the remainder reflected as an increase in the loss share receivable’s amortization rate. The loss share receivable serves to offset the impact on provision due to impairments or impairment reversals that occur as a result of changes in loss estimates on the underlying covered loan pools. The excess (or shortfall) of expected claims compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of an increase in the loss share receivable’s amortization rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets. The following schedule shows activity in the loss share receivable for the three months ended March 31, 2016 and 201 5. ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Three Months Ended
﻿ |  | March 31, |  | March 31,
﻿(in thousands) |  | 2016 |  | 2015
﻿Balance, January 1 |  | $ | 29,868 |  | $ | 60,272
﻿Amortization |  |  | (1,613) |  |  | (1,197)
﻿Charge-offs, write-downs and other recoveries |  |  | (1,005) |  |  | (1,475)
﻿External expenses qualifying under loss share agreement |  |  | 465 |  |  | 298
﻿Changes due to changes in cash flow projections |  |  | (2,189) |  |  | (421)
﻿Net payments to (from) FDIC |  |  | 302 |  |  | (7,580)
﻿Ending balance |  | $ | 25,828 |  | $ | 49,897
﻿ The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019. ﻿ The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016 and 2015, as well as the corresponding recorded investment in loans at the end of each period. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Commercial |  | and land |  | Commercial |  | Residential |  |  |  |  |  |
﻿(in thousands) |  | non-real estate |  | development |  | real estate |  | mortgages |  | Consumer |  | Total
﻿ |  | Three Months Ended March 31, 2016
﻿Originated loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 108,982 |  | $ | 4,985 |  | $ | 14,059 |  | $ | 7,690 |  | $ | 22,310 |  | $ | 158,026
﻿Charge-offs |  |  | (17,667) |  |  | (110) |  |  | (898) |  |  | (175) |  |  | (5,843) |  |  | (24,693)
﻿Recoveries |  |  | 809 |  |  | 605 |  |  | 185 |  |  | 301 |  |  | 1,494 |  |  | 3,394
﻿Net provision for loan losses |  |  | 52,096 |  |  | (1,627) |  |  | 7,325 |  |  | 235 |  |  | 2,529 |  |  | 60,558
﻿Ending balance |  | $ | 144,220 |  | $ | 3,853 |  | $ | 20,671 |  | $ | 8,051 |  | $ | 20,490 |  | $ | 197,285
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | 26,502 |  | $ | 185 |  | $ | 1,332 |  | $ | 125 |  | $ | 16 |  | $ | 28,160
﻿Collectively evaluated for impairment |  |  | 117,718 |  |  | 3,668 |  |  | 19,339 |  |  | 7,926 |  |  | 20,474 |  |  | 169,125
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 7,088,146 |  | $ | 1,086,382 |  | $ | 3,504,803 |  | $ | 1,839,889 |  | $ | 2,048,068 |  | $ | 15,567,288
﻿Individually evaluated for impairment |  |  | 201,029 |  |  | 14,072 |  |  | 12,393 |  |  | 883 |  |  | 58 |  |  | 228,435
﻿Collectively evaluated for impairment |  |  | 6,887,117 |  |  | 1,072,310 |  |  | 3,492,410 |  |  | 1,839,006 |  |  | 2,048,010 |  |  | 15,338,853
﻿Acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | — |  | $ | — |  | $ | 33 |  | $ | — |  | $ | — |  | $ | 33
﻿Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Net provision for loan losses |  |  | — |  |  | — |  |  | (26) |  |  | — |  |  | — |  |  | (26)
﻿Ending balance |  | $ | — |  | $ | — |  | $ | 7 |  | $ | — |  | $ | — |  | $ | 7
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | — |  | $ | — |  | $ | 7 |  | $ | — |  | $ | — |  | $ | 7
﻿Amounts related to acquired-impaired loans |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 51,949 |  | $ | 2,250 |  | $ | 156,285 |  | $ | 1,116 |  | $ | 20 |  | $ | 211,620
﻿Individually evaluated for impairment |  |  | — |  |  | — |  |  | 2,306 |  |  | — |  |  | — |  |  | 2,306
﻿Acquired-impaired loans |  |  | 7,348 |  |  | 2,148 |  |  | 12,045 |  |  | 1,116 |  |  | 20 |  |  | 22,677
﻿Collectively evaluated for impairment |  |  | 44,601 |  |  | 102 |  |  | 141,934 |  |  | — |  |  | — |  |  | 186,637
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Commercial |  | and land |  | Commercial |  | Residential |  |  |  |  |  |
﻿(in thousands) |  | non-real estate |  | development |  | real estate |  | mortgages |  | Consumer |  | Total
﻿ |  | Three Months Ended March 31, 2016
﻿FDIC acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 446 |  | $ | 657 |  | $ | 1,807 |  | $ | 17,663 |  | $ | 2,547 |  | $ | 23,120
﻿Charge-offs |  |  | — |  |  | (18) |  |  | (29) |  |  | — |  |  | — |  |  | (47)
﻿Recoveries |  |  | 3 |  |  | 35 |  |  | 36 |  |  | 1 |  |  | 39 |  |  | 114
﻿Net provision for loan losses |  |  | 7 |  |  | (151) |  |  | (303) |  |  | 1,130 |  |  | (1,179) |  |  | (496)
﻿Increase (decrease) in FDIC loss share receivable |  |  | (17) |  |  | — |  |  | — |  |  | (2,153) |  |  | (19) |  |  | (2,189)
﻿Ending balance |  | $ | 439 |  | $ | 523 |  | $ | 1,511 |  | $ | 16,641 |  | $ | 1,388 |  | $ | 20,502
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
﻿Amounts related to acquired-impaired loans |  |  | 439 |  |  | 523 |  |  | 1,511 |  |  | 16,641 |  |  | 1,388 |  |  | 20,502
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 5,311 |  | $ | 6,782 |  | $ | 15,004 |  | $ | 159,962 |  | $ | 12,157 |  | $ | 199,216
﻿Individually evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Acquired-impaired loans |  |  | 5,311 |  |  | 6,782 |  |  | 15,004 |  |  | 159,962 |  |  | 12,157 |  |  | 199,216
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 109,428 |  | $ | 5,642 |  | $ | 15,899 |  | $ | 25,353 |  | $ | 24,857 |  | $ | 181,179
﻿Charge-offs |  |  | (17,667) |  |  | (128) |  |  | (927) |  |  | (175) |  |  | (5,843) |  |  | (24,740)
﻿Recoveries |  |  | 812 |  |  | 640 |  |  | 221 |  |  | 302 |  |  | 1,533 |  |  | 3,508
﻿Net provision for loan losses |  |  | 52,103 |  |  | (1,778) |  |  | 6,996 |  |  | 1,365 |  |  | 1,350 |  |  | 60,036
﻿Increase (decrease) in FDIC loss share receivable |  |  | (17) |  |  | — |  |  | — |  |  | (2,153) |  |  | (19) |  |  | (2,189)
﻿Ending balance |  | $ | 144,659 |  | $ | 4,376 |  | $ | 22,189 |  | $ | 24,692 |  | $ | 21,878 |  | $ | 217,794
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | 26,502 |  | $ | 185 |  | $ | 1,339 |  | $ | 125 |  | $ | 16 |  | $ | 28,167
﻿Amounts related to acquired-impaired loans |  |  | 439 |  |  | 523 |  |  | 1,511 |  |  | 16,641 |  |  | 1,388 |  |  | 20,502
﻿Collectively evaluated for impairment |  |  | 117,718 |  |  | 3,668 |  |  | 19,339 |  |  | 7,926 |  |  | 20,474 |  |  | 169,125
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 7,145,406 |  | $ | 1,095,414 |  | $ | 3,676,092 |  | $ | 2,000,967 |  | $ | 2,060,245 |  | $ | 15,978,124
﻿Individually evaluated for impairment |  |  | 201,029 |  |  | 14,072 |  |  | 14,699 |  |  | 883 |  |  | 58 |  |  | 230,741
﻿Acquired-impaired loans |  |  | 12,659 |  |  | 8,930 |  |  | 27,049 |  |  | 161,078 |  |  | 12,177 |  |  | 221,893
﻿Collectively evaluated for impairment |  |  | 6,931,718 |  |  | 1,072,412 |  |  | 3,634,344 |  |  | 1,839,006 |  |  | 2,048,010 |  |  | 15,525,490
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Commercial |  | and land |  | Commercial |  | Residential |  |  |  |  |  |
﻿(in thousands) |  | non-real estate |  | development |  | real estate |  | mortgages |  | Consumer |  | Total
﻿ |  | Three Months ended March 31, 2015
﻿Originated loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 50,258 |  | $ | 5,413 |  | $ | 16,544 |  | $ | 8,051 |  | $ | 17,435 |  | $ | 97,701
﻿Charge-offs |  |  | (1,697) |  |  | (747) |  |  | (251) |  |  | (1,209) |  |  | (3,556) |  |  | (7,460)
﻿Recoveries |  |  | 981 |  |  | 1,243 |  |  | (3) |  |  | 305 |  |  | 1,280 |  |  | 3,806
﻿Net provision for loan losses |  |  | 6,754 |  |  | (1,500) |  |  | (966) |  |  | 738 |  |  | 1,421 |  |  | 6,447
﻿Ending balance |  | $ | 56,296 |  | $ | 4,409 |  | $ | 15,324 |  | $ | 7,885 |  | $ | 16,580 |  | $ | 100,494
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | 529 |  | $ | 71 |  | $ | 147 |  | $ | 88 |  | $ | 3 |  | $ | 838
﻿Collectively evaluated for impairment |  |  | 55,767 |  |  | 4,338 |  |  | 15,177 |  |  | 7,797 |  |  | 16,577 |  |  | 99,656
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 5,861,887 |  | $ | 1,087,449 |  | $ | 2,492,351 |  | $ | 1,736,033 |  | $ | 1,742,810 |  | $ | 12,920,530
﻿Individually evaluated for impairment |  |  | 14,566 |  |  | 4,381 |  |  | 17,210 |  |  | 2,423 |  |  | 120 |  |  | 38,700
﻿Collectively evaluated for impairment |  |  | 5,847,321 |  |  | 1,083,068 |  |  | 2,475,141 |  |  | 1,733,610 |  |  | 1,742,690 |  |  | 12,881,830
﻿Acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | — |  | $ | — |  | $ | 477 |  | $ | — |  | $ | — |  | $ | 477
﻿Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Net provision for loan losses |  |  | — |  |  | — |  |  | (223) |  |  | — |  |  | — |  |  | (223)
﻿Ending balance |  | $ | — |  | $ | — |  | $ | 254 |  | $ | — |  | $ | — |  | $ | 254
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | — |  | $ | — |  | $ | 254 |  | $ | — |  | $ | — |  | $ | 254
﻿Amounts related to acquired-impaired loans |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 118,260 |  | $ | 14,579 |  | $ | 629,975 |  | $ | 2,485 |  | $ | 25 |  | $ | 765,324
﻿Individually evaluated for impairment |  |  | — |  |  | — |  |  | 2,579 |  |  | — |  |  | — |  |  | 2,579
﻿Acquired-impaired loans |  |  | 8,708 |  |  | 12,801 |  |  | 21,226 |  |  | 2,485 |  |  | 25 |  |  | 45,245
﻿Collectively evaluated for impairment |  |  | 109,552 |  |  | 1,778 |  |  | 606,170 |  |  | — |  |  | — |  |  | 717,500
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Commercial |  | and land |  | Commercial |  | Residential |  |  |  |  |  |
﻿(in thousands) |  | non-real estate |  | development |  | real estate |  | mortgages |  | Consumer |  | Total
﻿ |  | Three Months ended March 31, 2015
﻿FDIC acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 911 |  | $ | 1,008 |  | $ | 4,061 |  | $ | 20,609 |  | $ | 3,995 |  | $ | 30,584
﻿Charge-offs |  |  | (127) |  |  | (276) |  |  | (2,368) |  |  | (93) |  |  | (140) |  |  | (3,004)
﻿Recoveries |  |  | 14 |  |  | 406 |  |  | 113 |  |  | — |  |  | 16 |  |  | 549
﻿Net provision for loan losses |  |  | (2) |  |  | (6) |  |  | 202 |  |  | (195) |  |  | (69) |  |  | (70)
﻿Increase (decrease) in FDIC loss share receivable |  |  | (13) |  |  | (34) |  |  | 1,207 |  |  | (1,171) |  |  | (410) |  |  | (421)
﻿Ending balance |  | $ | 783 |  | $ | 1,098 |  | $ | 3,215 |  | $ | 19,150 |  | $ | 3,392 |  | $ | 27,638
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
﻿Amounts related to acquired-impaired loans |  |  | 783 |  |  | 1,098 |  |  | 3,215 |  |  | 19,150 |  |  | 3,392 |  |  | 27,638
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | —
﻿Ending balance: |  | $ | 6,937 |  | $ | 11,482 |  | $ | 27,777 |  | $ | 175,367 |  | $ | 16,969 |  | $ | 238,532
﻿Individually evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Acquired-impaired loans |  |  | 6,937 |  |  | 11,482 |  |  | 27,777 |  |  | 175,367 |  |  | 16,969 |  |  | 238,532
﻿Collectively evaluated for impairment |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Beginning balance |  | $ | 51,169 |  | $ | 6,421 |  | $ | 21,082 |  | $ | 28,660 |  | $ | 21,430 |  | $ | 128,762
﻿Charge-offs |  |  | (1,824) |  |  | (1,023) |  |  | (2,619) |  |  | (1,302) |  |  | (3,696) |  |  | (10,464)
﻿Recoveries |  |  | 995 |  |  | 1,649 |  |  | 110 |  |  | 305 |  |  | 1,296 |  |  | 4,355
﻿Net provision for loan losses |  |  | 6,752 |  |  | (1,506) |  |  | (987) |  |  | 543 |  |  | 1,352 |  |  | 6,154
﻿Increase (decrease) in FDIC loss share receivable |  |  | (13) |  |  | (34) |  |  | 1,207 |  |  | (1,171) |  |  | (410) |  |  | (421)
﻿Ending balance |  | $ | 57,079 |  | $ | 5,507 |  | $ | 18,793 |  | $ | 27,035 |  | $ | 19,972 |  | $ | 128,386
﻿Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Individually evaluated for impairment |  | $ | 529 |  | $ | 71 |  | $ | 401 |  | $ | 88 |  | $ | 3 |  | $ | 1,092
﻿Amounts related to acquired-impaired loans |  |  | 783 |  |  | 1,098 |  |  | 3,215 |  |  | 19,150 |  |  | 3,392 |  |  | 27,638
﻿Collectively evaluated for impairment |  |  | 55,767 |  |  | 4,338 |  |  | 15,177 |  |  | 7,797 |  |  | 16,577 |  |  | 99,656
﻿Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Ending balance: |  | $ | 5,987,084 |  | $ | 1,113,510 |  | $ | 3,150,103 |  | $ | 1,913,885 |  | $ | 1,759,804 |  | $ | 13,924,386
﻿Individually evaluated for impairment |  |  | 14,566 |  |  | 4,381 |  |  | 19,789 |  |  | 2,423 |  |  | 120 |  |  | 41,279
﻿Acquired-impaired loans |  |  | 15,645 |  |  | 24,283 |  |  | 49,003 |  |  | 177,852 |  |  | 16,994 |  |  | 283,777
﻿Collectively evaluated for impairment |  |  | 5,956,873 |  |  | 1,084,846 |  |  | 3,081,311 |  |  | 1,733,610 |  |  | 1,742,690 |  |  | 13,599,330
﻿ The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below. ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | March 31, |  | December 31,
﻿(in thousands) |  | 2016 |  | 2015
﻿Originated loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 165,930 |  | $ | 88,743
﻿Construction and land development |  |  | 16,997 |  |  | 17,294
﻿Commercial real estate |  |  | 19,217 |  |  | 17,824
﻿Residential mortgages |  |  | 23,713 |  |  | 23,799
﻿Consumer |  |  | 8,538 |  |  | 9,061
﻿Total originated loans |  | $ | 234,395 |  | $ | 156,721
﻿Acquired loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | —
﻿Construction and land development |  |  | — |  |  | —
﻿Commercial real estate |  |  | 2,908 |  |  | 2,992
﻿Residential mortgages |  |  | — |  |  | —
﻿Consumer |  |  | — |  |  | —
﻿Total acquired loans |  | $ | 2,908 |  | $ | 2,992
﻿FDIC acquired loans: |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | —
﻿Construction and land development |  |  | — |  |  | —
﻿Commercial real estate |  |  | — |  |  | —
﻿Residential mortgages |  |  | — |  |  | —
﻿Consumer |  |  | — |  |  | —
﻿Total FDIC acquired loans |  | $ | — |  | $ | —
﻿Total loans: |  |  |  |  |  |
﻿Commercial non-real estate |  |  | 165,930 |  |  | 88,743
﻿Construction and land development |  |  | 16,997 |  |  | 17,294
﻿Commercial real estate |  |  | 22,125 |  |  | 20,816
﻿Residential mortgages |  |  | 23,713 |  |  | 23,799
﻿Consumer |  |  | 8,538 |  |  | 9,061
﻿Total loans |  | $ | 237,303 |  | $ | 159,713
﻿ Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $18.3 million and $8.8 million at March 31, 2016 and December 31, 2015, respectively. Total TDRs, both accruing and nonaccruing, were $63.9 million as of March 31, 2016 and $13.1 million at December 31, 2015. The table below details TDRs that were modified during the three months ended March 31, 2016 and March 31, 2015 by portfolio segment. The TDRs during the three months ended March 31, 2016 and 2015 were extended amortization, other modification of payment terms, or covenant violations. All are individually evaluated for impairment. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended
﻿($ in thousands) |  | March 31, 2016 |  | March 31, 2015
﻿ |  |  |  | Pre-Modification |  | Post-Modification |  |  |  | Pre-Modification |  | Post-Modification
﻿ |  |  |  | Outstanding |  | Outstanding |  |  |  | Outstanding |  | Outstanding
﻿ |  | Number of |  | Recorded |  | Recorded |  | Number of |  | Recorded |  | Recorded
﻿Troubled Debt Restructurings: |  | Contracts |  | Investment |  | Investment |  | Contracts |  | Investment |  | Investment
﻿Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 11 |  | $ | 51,246 |  | $ | 51,246 |  | — |  | $ | — |  | $ | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  | 2 |  |  | 68 |  |  | 68
﻿Consumer |  | — |  |  | — |  |  | — |  | 1 |  |  | 20 |  |  | 20
﻿Total originated loans |  | 11 |  | $ | 51,246 |  | $ | 51,246 |  | 3 |  | $ | 88 |  | $ | 88
﻿Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | — |  | $ | — |  | $ | — |  | — |  | $ | — |  | $ | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Consumer |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Total acquired loans |  | — |  | $ | — |  | $ | — |  | — |  | $ | — |  | $ | —
﻿FDIC acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | — |  | $ | — |  | $ | — |  | — |  | $ | — |  | $ | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Consumer |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Total FDIC acquired loans |  | — |  | $ | — |  | $ | — |  | — |  | $ | — |  | $ | —
﻿Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 11 |  | $ | 51,246 |  | $ | 51,246 |  | — |  | $ | — |  | $ | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  | 2 |  |  | 68 |  |  | 68
﻿Consumer |  | — |  |  | — |  |  | — |  | 1 |  |  | 20 |  |  | 20
﻿Total loans |  | 11 |  | $ | 51,246 |  | $ | 51,246 |  | 3 |  | $ | 88 |  | $ | 88
﻿ No TDRs that subsequently defaulted within twelve months of modification were recorded in the three months ended March 31, 2016 or 2015. The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2016 and December 31, 2015. Loans individually evaluated for impairment include TDRs and loans that are determined to be impaired and have aggregate relationship balances of $1 million or more. ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ | March 31, 2016 | December 31, 2015
﻿ |  |  |  | Unpaid |  |  |  |  |  | Unpaid |  |
﻿ |  | Recorded |  | Principal |  | Related |  | Recorded |  | Principal |  | Related
﻿(in thousands) |  | Investment |  | Balance |  | Allowance |  | Investment |  | Balance |  | Allowance
﻿Originated loans: |  |  |  |  |  |  |  |  |  |  |  |
﻿With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | 77,155 | $ | 85,295 | $ | — | $ | 34,788 | $ | 37,285 | $ | —
﻿Construction and land development |  | 12,413 |  | 12,413 |  | — |  | 12,461 |  | 12,461 |  | —
﻿Commercial real estate |  | 5,939 |  | 6,140 |  | — |  | 7,785 |  | 8,499 |  | —
﻿Residential mortgages |  | — |  | — |  | — |  | — |  | — |  | —
﻿Consumer |  | — |  | — |  | — |  | — |  | — |  | —
﻿ |  | 95,507 |  | 103,848 |  | — |  | 55,034 |  | 58,245 |  | —
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 123,874 |  | 125,744 |  | 26,502 |  | 46,834 |  | 47,703 |  | 19,031
﻿Construction and land development |  | 1,659 |  | 2,315 |  | 185 |  | 1,765 |  | 2,323 |  | 392
﻿Commercial real estate |  | 6,454 |  | 6,521 |  | 1,332 |  | 6,406 |  | 6,413 |  | 1,372
﻿Residential mortgages |  | 883 |  | 1,394 |  | 125 |  | 895 |  | 1,405 |  | 127
﻿Consumer |  | 58 |  | 58 |  | 16 |  | 152 |  | 152 |  | 33
﻿ |  | 132,928 |  | 136,032 |  | 28,160 |  | 56,052 |  | 57,996 |  | 20,955
﻿Total: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 201,029 |  | 211,039 |  | 26,502 |  | 81,622 |  | 84,988 |  | 19,031
﻿Construction and land development |  | 14,072 |  | 14,728 |  | 185 |  | 14,226 |  | 14,784 |  | 392
﻿Commercial real estate |  | 12,393 |  | 12,661 |  | 1,332 |  | 14,191 |  | 14,912 |  | 1,372
﻿Residential mortgages |  | 883 |  | 1,394 |  | 125 |  | 895 |  | 1,405 |  | 127
﻿Consumer |  | 58 |  | 58 |  | 16 |  | 152 |  | 152 |  | 33
﻿Total originated loans | $ | 228,435 | $ | 239,880 | $ | 28,160 | $ | 111,086 | $ | 116,241 | $ | 20,955
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | — | $ | —
﻿Construction and land development |  | — |  | — |  | — |  | — |  | — |  | —
﻿Commercial real estate |  | 2,306 |  | 2,343 |  | 7 |  | 2,340 |  | 2,382 |  | 33
﻿Residential mortgages |  | — |  | — |  | — |  | — |  | — |  | —
﻿Consumer |  | — |  | — |  | — |  | — |  | — |  | —
﻿ |  | 2,306 |  | 2,343 |  | 7 |  | 2,340 |  | 2,382 |  | 33
﻿Total: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | — |  | — |  | — |  | — |  | — |  | —
﻿Construction and land development |  | — |  | — |  | — |  | — |  | — |  | —
﻿Commercial real estate |  | 2,306 |  | 2,343 |  | 7 |  | 2,340 |  | 2,382 |  | 33
﻿Residential mortgages |  | — |  | — |  | — |  | — |  | — |  | —
﻿Consumer |  | — |  | — |  | — |  | — |  | — |  | —
﻿Total acquired loans | $ | 2,306 | $ | 2,343 | $ | 7 | $ | 2,340 | $ | 2,382 | $ | 33
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ | March 31, 2016 | December 31, 2015
﻿ |  |  |  | Unpaid |  |  |  |  |  | Unpaid |  |
﻿ |  | Recorded |  | Principal |  | Related |  | Recorded |  | Principal |  | Related
﻿(in thousands) |  | Investment |  | Balance |  | Allowance |  | Investment |  | Balance |  | Allowance
﻿Total loans: |  |  |  |  |  |  |  |  |  |  |  |
﻿With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | 77,155 | $ | 85,295 | $ | — | $ | 34,788 | $ | 37,285 | $ | —
﻿Construction and land development |  | 12,413 |  | 12,413 |  | — |  | 12,461 |  | 12,461 |  | —
﻿Commercial real estate |  | 5,939 |  | 6,140 |  | — |  | 7,785 |  | 8,499 |  | —
﻿Residential mortgages |  | — |  | — |  | — |  | — |  | — |  | —
﻿Consumer |  | — |  | — |  | — |  | — |  | — |  | —
﻿ |  | 95,507 |  | 103,848 |  | — |  | 55,034 |  | 58,245 |  | —
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 123,874 |  | 125,744 |  | 26,502 |  | 46,834 |  | 47,703 |  | 19,031
﻿Construction and land development |  | 1,659 |  | 2,315 |  | 185 |  | 1,765 |  | 2,323 |  | 392
﻿Commercial real estate |  | 8,760 |  | 8,864 |  | 1,339 |  | 8,746 |  | 8,795 |  | 1,405
﻿Residential mortgages |  | 883 |  | 1,394 |  | 125 |  | 895 |  | 1,405 |  | 127
﻿Consumer |  | 58 |  | 58 |  | 16 |  | 152 |  | 152 |  | 33
﻿ |  | 135,234 |  | 138,375 |  | 28,167 |  | 58,392 |  | 60,378 |  | 20,988
﻿Total: |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 201,029 |  | 211,039 |  | 26,502 |  | 81,622 |  | 84,988 |  | 19,031
﻿Construction and land development |  | 14,072 |  | 14,728 |  | 185 |  | 14,226 |  | 14,784 |  | 392
﻿Commercial real estate |  | 14,699 |  | 15,004 |  | 1,339 |  | 16,531 |  | 17,294 |  | 1,405
﻿Residential mortgages |  | 883 |  | 1,394 |  | 125 |  | 895 |  | 1,405 |  | 127
﻿Consumer |  | 58 |  | 58 |  | 16 |  | 152 |  | 152 |  | 33
﻿Total loans | $ | 230,741 | $ | 242,223 | $ | 28,167 | $ | 113,426 | $ | 118,623 | $ | 20,988
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Three Months Ended
﻿ | March 31, 2016 |  | March 31, 2015
﻿ | Average |  | Interest |  | Average |  | Interest
﻿ | Recorded |  | Income |  | Recorded |  | Income
﻿(in thousands) | Investment |  | Recognized |  | Investment |  | Recognized
﻿Originated loans: |  |  |  |  |  |  |  |  |  |  |
﻿With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | 55,972 |  | $ | — |  | $ | 7,196 |  | $ | —
﻿Construction and land development |  | 12,437 |  |  | — |  |  | 1,915 |  |  | —
﻿Commercial real estate |  | 6,862 |  |  | 9 |  |  | 9,563 |  |  | 10
﻿Residential mortgages |  | — |  |  | — |  |  | 517 |  |  | 1
﻿Consumer |  | — |  |  | — |  |  | 51 |  |  | —
﻿ |  | 75,271 |  |  | 9 |  |  | 19,242 |  |  | 11
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 85,354 |  |  | 182 |  |  | 2,081 |  |  | 2
﻿Construction and land development |  | 1,712 |  |  | — |  |  | 4,401 |  |  | 32
﻿Commercial real estate |  | 6,430 |  |  | 27 |  |  | 5,103 |  |  | 17
﻿Residential mortgages |  | 889 |  |  | 2 |  |  | 2,023 |  |  | 11
﻿Consumer |  | 105 |  |  | 1 |  |  | 13 |  |  | 2
﻿ |  | 94,490 |  |  | 212 |  |  | 13,621 |  |  | 64
﻿Total: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 141,326 |  |  | 182 |  |  | 9,277 |  |  | 2
﻿Construction and land development |  | 14,149 |  |  | — |  |  | 6,316 |  |  | 32
﻿Commercial real estate |  | 13,292 |  |  | 36 |  |  | 14,666 |  |  | 27
﻿Residential mortgages |  | 889 |  |  | 2 |  |  | 2,540 |  |  | 12
﻿Consumer |  | 105 |  |  | 1 |  |  | 64 |  |  | 2
﻿Total originated loans | $ | 169,761 |  | $ | 221 |  | $ | 32,863 |  | $ | 75
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿Acquired loans: |  |  |  |  |  |  |  |  |  |  |
﻿With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | — |  | $ | — |  | $ | — |  | $ | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | — |  |  | — |  |  | — |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  |  | —
﻿Consumer |  | — |  |  | — |  |  | — |  |  | —
﻿ |  | — |  |  | — |  |  | — |  |  | —
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | — |  |  | — |  |  | — |  |  | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | 2,323 |  |  | — |  |  | 2,635 |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  |  | —
﻿Consumer |  | — |  |  | — |  |  | — |  |  | —
﻿ |  | 2,323 |  |  | — |  |  | 2,635 |  |  | —
﻿Total: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | — |  |  | — |  |  | — |  |  | —
﻿Construction and land development |  | — |  |  | — |  |  | — |  |  | —
﻿Commercial real estate |  | 2,323 |  |  | — |  |  | 2,635 |  |  | —
﻿Residential mortgages |  | — |  |  | — |  |  | — |  |  | —
﻿Consumer |  | — |  |  | — |  |  | — |  |  | —
﻿Total acquired loans | $ | 2,323 |  | $ | — |  | $ | 2,635 |  | $ | —
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Three Months Ended
﻿ | March 31, 2016 |  | March 31, 2015
﻿ | Average |  | Interest |  | Average |  | Interest
﻿ | Recorded |  | Income |  | Recorded |  | Income
﻿(in thousands) | Investment |  | Recognized |  | Investment |  | Recognized
﻿Total loans: |  |  |  |  |  |  |  |  |  |  |
﻿With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate | $ | 55,972 |  | $ | — |  | $ | 7,196 |  | $ | —
﻿Construction and land development |  | 12,437 |  |  | — |  |  | 1,915 |  |  | —
﻿Commercial real estate |  | 6,862 |  |  | 9 |  |  | 9,563 |  |  | 10
﻿Residential mortgages |  | — |  |  | — |  |  | 517 |  |  | 1
﻿Consumer |  | — |  |  | — |  |  | 51 |  |  | —
﻿ |  | 75,271 |  |  | 9 |  |  | 19,242 |  |  | 11
﻿With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 85,354 |  |  | 182 |  |  | 2,081 |  |  | 2
﻿Construction and land development |  | 1,712 |  |  | — |  |  | 4,401 |  |  | 32
﻿Commercial real estate |  | 8,753 |  |  | 27 |  |  | 7,738 |  |  | 17
﻿Residential mortgages |  | 889 |  |  | 2 |  |  | 2,023 |  |  | 11
﻿Consumer |  | 105 |  |  | 1 |  |  | 13 |  |  | 2
﻿ |  | 96,813 |  |  | 212 |  |  | 16,256 |  |  | 64
﻿Total: |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | 141,326 |  |  | 182 |  |  | 9,277 |  |  | 2
﻿Construction and land development |  | 14,149 |  |  | — |  |  | 6,316 |  |  | 32
﻿Commercial real estate |  | 15,615 |  |  | 36 |  |  | 17,301 |  |  | 27
﻿Residential mortgages |  | 889 |  |  | 2 |  |  | 2,540 |  |  | 12
﻿Consumer |  | 105 |  |  | 1 |  |  | 64 |  |  | 2
﻿Total loans | $ | 172,084 |  | $ | 221 |  | $ | 35,498 |  | $ | 75
﻿ ﻿ ﻿ The tables below present the age analysis of past due loans at March 31, 2016 and December 31, 2015. FDIC acquired and acquired-impaired loans accounted for in pools with an accretable yield are considered to be current. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Recorded
﻿ |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  | investment
﻿ |  | 30-59 days |  | 60-89 days |  | 90 days |  | Total |  |  |  | Total |  | > 90 days and
﻿March 31, 2016 |  | past due |  | past due |  | past due |  | past due |  | Current |  | Loans |  | still accruing
﻿(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 35,443 |  | $ | 2,843 |  | $ | 23,366 |  | $ | 61,652 |  | $ | 7,026,494 |  | $ | 7,088,146 |  | $ | 2,503
﻿Construction and land development |  |  | 6,007 |  |  | 126 |  |  | 18,684 |  |  | 24,817 |  |  | 1,061,565 |  |  | 1,086,382 |  |  | 3,610
﻿Commercial real estate |  |  | 7,873 |  |  | 1,042 |  |  | 13,789 |  |  | 22,704 |  |  | 3,482,099 |  |  | 3,504,803 |  |  | 1,892
﻿Residential mortgages |  |  | 18,644 |  |  | 6,615 |  |  | 10,375 |  |  | 35,634 |  |  | 1,804,255 |  |  | 1,839,889 |  |  | 123
﻿Consumer |  |  | 14,050 |  |  | 3,500 |  |  | 6,171 |  |  | 23,721 |  |  | 2,024,347 |  |  | 2,048,068 |  |  | 1,098
﻿Total |  | $ | 82,017 |  | $ | 14,126 |  | $ | 72,385 |  | $ | 168,528 |  | $ | 15,398,760 |  | $ | 15,567,288 |  | $ | 9,226
﻿Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 51,949 |  | $ | 51,949 |  | $ | —
﻿Construction and land development |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,250 |  |  | 2,250 |  |  | —
﻿Commercial real estate |  |  | — |  |  | — |  |  | 453 |  |  | 453 |  |  | 155,832 |  |  | 156,285 |  |  | —
﻿Residential mortgages |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,116 |  |  | 1,116 |  |  | —
﻿Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 20 |  |  | —
﻿Total |  | $ | — |  | $ | — |  | $ | 453 |  | $ | 453 |  | $ | 211,167 |  | $ | 211,620 |  | $ | —
﻿FDIC acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,311 |  | $ | 5,311 |  | $ | —
﻿Construction and land development |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,782 |  |  | 6,782 |  |  | —
﻿Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,004 |  |  | 15,004 |  |  | —
﻿Residential mortgages |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 159,962 |  |  | 159,962 |  |  | —
﻿Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,157 |  |  | 12,157 |  |  | —
﻿Total |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 199,216 |  | $ | 199,216 |  | $ | —
﻿Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 35,443 |  | $ | 2,843 |  | $ | 23,366 |  | $ | 61,652 |  | $ | 7,083,754 |  | $ | 7,145,406 |  | $ | 2,503
﻿Construction and land development |  |  | 6,007 |  |  | 126 |  |  | 18,684 |  |  | 24,817 |  |  | 1,070,597 |  |  | 1,095,414 |  |  | 3,610
﻿Commercial real estate |  |  | 7,873 |  |  | 1,042 |  |  | 14,242 |  |  | 23,157 |  |  | 3,652,935 |  |  | 3,676,092 |  |  | 1,892
﻿Residential mortgages |  |  | 18,644 |  |  | 6,615 |  |  | 10,375 |  |  | 35,634 |  |  | 1,965,333 |  |  | 2,000,967 |  |  | 123
﻿Consumer |  |  | 14,050 |  |  | 3,500 |  |  | 6,171 |  |  | 23,721 |  |  | 2,036,524 |  |  | 2,060,245 |  |  | 1,098
﻿Total |  | $ | 82,017 |  | $ | 14,126 |  | $ | 72,838 |  | $ | 168,981 |  | $ | 15,809,143 |  | $ | 15,978,124 |  | $ | 9,226
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Recorded
﻿ |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  | investment
﻿ |  | 30-59 days |  | 60-89 days |  | 90 days |  | Total |  |  |  | Total |  | > 90 days and
﻿December 31, 2015 |  | past due |  | past due |  | past due |  | past due |  | Current |  | Loans |  | still accruing
﻿(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 17,406 |  | $ | 1,468 |  | $ | 25,007 |  | $ | 43,881 |  | $ | 6,886,572 |  | $ | 6,930,453 |  | $ | 3,060
﻿Construction and land development |  |  | 19,886 |  |  | 436 |  |  | 4,043 |  |  | 24,365 |  |  | 1,115,378 |  |  | 1,139,743 |  |  | 1,230
﻿Commercial real estate |  |  | 6,754 |  |  | 1,329 |  |  | 12,503 |  |  | 20,586 |  |  | 3,199,923 |  |  | 3,220,509 |  |  | 1,034
﻿Residential mortgages |  |  | 18,657 |  |  | 4,360 |  |  | 11,840 |  |  | 34,857 |  |  | 1,852,399 |  |  | 1,887,256 |  |  | 163
﻿Consumer |  |  | 16,309 |  |  | 4,432 |  |  | 8,645 |  |  | 29,386 |  |  | 2,051,240 |  |  | 2,080,626 |  |  | 2,166
﻿Total |  | $ | 79,012 |  | $ | 12,025 |  | $ | 62,038 |  | $ | 153,075 |  | $ | 15,105,512 |  | $ | 15,258,587 |  | $ | 7,653
﻿Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 59,843 |  | $ | 59,843 |  | $ | —
﻿Construction and land development |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,080 |  |  | 5,080 |  |  | —
﻿Commercial real estate |  |  | 15 |  |  | 76 |  |  | 525 |  |  | 616 |  |  | 175,844 |  |  | 176,460 |  |  | —
﻿Residential mortgages |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | 27 |  |  | —
﻿Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 20 |  |  | —
﻿Total |  | $ | 15 |  | $ | 76 |  | $ | 525 |  | $ | 616 |  | $ | 240,814 |  | $ | 241,430 |  | $ | —
﻿FDIC acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,528 |  | $ | 5,528 |  | $ | —
﻿Construction and land development |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,127 |  |  | 7,127 |  |  | —
﻿Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,582 |  |  | 15,582 |  |  | —
﻿Residential mortgages |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 162,241 |  |  | 162,241 |  |  | —
﻿Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,819 |  |  | 12,819 |  |  | —
﻿Total |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 203,297 |  | $ | 203,297 |  | $ | —
﻿Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Commercial non-real estate |  | $ | 17,406 |  | $ | 1,468 |  | $ | 25,007 |  | $ | 43,881 |  | $ | 6,951,943 |  | $ | 6,995,824 |  | $ | 3,060
﻿Construction and land development |  |  | 19,886 |  |  | 436 |  |  | 4,043 |  |  | 24,365 |  |  | 1,127,585 |  |  | 1,151,950 |  |  | 1,230
﻿Commercial real estate |  |  | 6,769 |  |  | 1,405 |  |  | 13,028 |  |  | 21,202 |  |  | 3,391,349 |  |  | 3,412,551 |  |  | 1,034
﻿Residential mortgages |  |  | 18,657 |  |  | 4,360 |  |  | 11,840 |  |  | 34,857 |  |  | 2,014,667 |  |  | 2,049,524 |  |  | 163
﻿Consumer |  |  | 16,309 |  |  | 4,432 |  |  | 8,645 |  |  | 29,386 |  |  | 2,064,079 |  |  | 2,093,465 |  |  | 2,166
﻿Total |  | $ | 79,027 |  | $ | 12,101 |  | $ | 62,563 |  | $ | 153,691 |  | $ | 15,549,623 |  | $ | 15,703,314 |  | $ | 7,653
﻿ The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2016 and December 31, 2015. Commercial Non-Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿(in thousands) |  | Originated |  | Acquired |  | FDIC acquired |  | Total |  | Originated |  | Acquired |  | FDIC acquired |  | Total
﻿Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Pass |  | $ | 5,895,649 |  | $ | 44,847 |  | $ | 2,068 |  | $ | 5,942,564 |  | $ | 6,205,372 |  | $ | 53,381 |  | $ | 2,110 |  | $ | 6,260,863
﻿Pass-Watch |  |  | 298,176 |  |  | — |  |  | 733 |  |  | 298,909 |  |  | 167,720 |  |  | — |  |  | 869 |  |  | 168,589
﻿Special Mention |  |  | 208,731 |  |  | 2 |  |  | — |  |  | 208,733 |  |  | 211,230 |  |  | — |  |  | — |  |  | 211,230
﻿Substandard |  |  | 683,449 |  |  | 7,100 |  |  | 2,510 |  |  | 693,059 |  |  | 346,087 |  |  | 6,462 |  |  | 2,549 |  |  | 355,098
﻿Doubtful |  |  | 2,141 |  |  | — |  |  | — |  |  | 2,141 |  |  | 44 |  |  | — |  |  | — |  |  | 44
﻿Total |  | $ | 7,088,146 |  | $ | 51,949 |  | $ | 5,311 |  | $ | 7,145,406 |  | $ | 6,930,453 |  | $ | 59,843 |  | $ | 5,528 |  | $ | 6,995,824
﻿ Construction Credit Exposure Credit Risk Profile by Internally Assigned Grade ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿(in thousands) |  | Originated |  | Acquired |  | FDIC acquired |  | Total |  | Originated |  | Acquired |  | FDIC acquired |  | Total
﻿Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Pass |  | $ | 1,036,847 |  | $ | 837 |  | $ | 1,455 |  | $ | 1,039,139 |  | $ | 1,092,299 |  | $ | 910 |  | $ | 2,087 |  | $ | 1,095,296
﻿Pass-Watch |  |  | 22,947 |  |  | 150 |  |  | 1,885 |  |  | 24,982 |  |  | 5,709 |  |  | 223 |  |  | 909 |  |  | 6,841
﻿Special Mention |  |  | 592 |  |  | — |  |  | 21 |  |  | 613 |  |  | 12,017 |  |  | — |  |  | 280 |  |  | 12,297
﻿Substandard |  |  | 25,996 |  |  | 1,263 |  |  | 3,421 |  |  | 30,680 |  |  | 29,718 |  |  | 3,947 |  |  | 3,851 |  |  | 37,516
﻿Total |  | $ | 1,086,382 |  | $ | 2,250 |  | $ | 6,782 |  | $ | 1,095,414 |  | $ | 1,139,743 |  | $ | 5,080 |  | $ | 7,127 |  | $ | 1,151,950
﻿ Commercial Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿(in thousands) |  | Originated |  | Acquired |  | FDIC acquired |  | Total |  | Originated |  | Acquired |  | FDIC acquired |  | Total
﻿Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Pass |  | $ | 3,293,852 |  | $ | 136,879 |  | $ | 3,114 |  | $ | 3,433,845 |  | $ | 3,058,342 |  | $ | 159,750 |  | $ | 3,117 |  | $ | 3,221,209
﻿Pass-Watch |  |  | 60,595 |  |  | 1,684 |  |  | 2,233 |  |  | 64,512 |  |  | 41,830 |  |  | 2,355 |  |  | 2,296 |  |  | 46,481
﻿Special Mention |  |  | 42,170 |  |  | 4,804 |  |  | 1,143 |  |  | 48,117 |  |  | 40,576 |  |  | 5,112 |  |  | 1,364 |  |  | 47,052
﻿Substandard |  |  | 108,171 |  |  | 12,918 |  |  | 8,514 |  |  | 129,603 |  |  | 79,745 |  |  | 9,243 |  |  | 8,805 |  |  | 97,793
﻿Doubtful |  |  | 15 |  |  | — |  |  | — |  |  | 15 |  |  | 16 |  |  | — |  |  | — |  |  | 16
﻿Total |  | $ | 3,504,803 |  | $ | 156,285 |  | $ | 15,004 |  | $ | 3,676,092 |  | $ | 3,220,509 |  | $ | 176,460 |  | $ | 15,582 |  | $ | 3,412,551
﻿ Residential Mortgage Credit Exposure Credit Risk Profile Based on Payment Activity and Accrual Status ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿(in thousands) |  | Originated |  | Acquired |  | FDIC acquired |  | Total |  | Originated |  | Acquired |  | FDIC acquired |  | Total
﻿Performing |  | $ | 1,816,053 |  | $ | 1,116 |  | $ | 159,962 |  | $ | 1,977,131 |  | $ | 1,863,295 |  | $ | 27 |  | $ | 162,241 |  | $ | 2,025,563
﻿Nonperforming |  |  | 23,836 |  |  | — |  |  | — |  |  | 23,836 |  |  | 23,961 |  |  | — |  |  | — |  |  | 23,961
﻿Total |  | $ | 1,839,889 |  | $ | 1,116 |  | $ | 159,962 |  | $ | 2,000,967 |  | $ | 1,887,256 |  | $ | 27 |  | $ | 162,241 |  | $ | 2,049,524
﻿ Consumer Credit Exposure Credit Risk Profile Based on Payment Activity and Accrual Status ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿(in thousands) |  | Originated |  | Acquired |  | FDIC acquired |  | Total |  | Originated |  | Acquired |  | FDIC acquired |  | Total
﻿Performing |  | $ | 2,038,432 |  | $ | 20 |  | $ | 12,157 |  | $ | 2,050,609 |  | $ | 2,069,399 |  | $ | 20 |  | $ | 12,819 |  | $ | 2,082,238
﻿Nonperforming |  |  | 9,636 |  |  | — |  |  | — |  |  | 9,636 |  |  | 11,227 |  |  | — |  |  | — |  |  | 11,227
﻿Total |  | $ | 2,048,068 |  | $ | 20 |  | $ | 12,157 |  | $ | 2,060,245 |  | $ | 2,080,626 |  | $ | 20 |  | $ | 12,819 |  | $ | 2,093,465
﻿ ﻿ Below are the definitions of the Company’s internally assigned grades: Commercial:
| · |  | Pass - loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk.
| · |  | Pass - Watch - credits in this category have heightened risk factors that warrant additional monitoring; however, these risk factors have not manifested themselves as potential weaknesses. The “Watch” grade should be regarded as a transition category.
| · |  | Special Mention – a criticized asset category defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Special mention credits are not considered part of the Classified credit categories and do not expose an institution to sufficient risk to warrant adverse classification.
| · |  | Substandard – an asset that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
| · |  | Doubtful – an asset that has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection nor liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
| · |  | Loss - credits classified as Loss are considered uncollectable and are charged off promptly once so classified.
Residential and Consumer:
| · |  | Performing – loans on which payments of principal and interest are less than 90 days past due.
| · |  | Nonperforming – a nonperforming loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as nonaccrual loans are also classified as nonperforming.
Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the Company. Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the three months ended March 31, 2016 and the year ended December 31, 2015. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | March 31, 2016 |  | December 31, 2015
﻿ |  | FDIC acquired |  | Acquired |  | FDIC acquired |  | Acquired
﻿ |  | Carrying |  |  |  | Carrying |  |  |  | Carrying |  |  |  | Carrying |  |
﻿ |  | Amount |  | Accretable |  | Amount |  | Accretable |  | Amount |  | Accretable |  | Amount |  | Accretable
﻿(in thousands) |  | of Loans |  | Yield |  | of Loans |  | Yield |  | of Loans |  | Yield |  | of Loans |  | Yield
﻿Balance at beginning of period |  | $ | 203,297 |  | $ | 91,564 |  | $ | 22,541 |  | $ | 37,924 |  | $ | 252,409 |  | $ | 112,788 |  | $ | 61,276 |  | $ | 74,668
﻿Payments received, net |  |  | (7,290) |  |  | (28) |  |  | (2,145) |  |  | (2,598) |  |  | (62,579) |  |  | (422) |  |  | (53,268) |  |  | (21,556)
﻿Accretion |  |  | 3,209 |  |  | (3,209) |  |  | 2,281 |  |  | (2,281) |  |  | 13,467 |  |  | (13,467) |  |  | 14,533 |  |  | (14,533)
﻿Increase (decrease) in expected cash flows based on actual cash flows and changes in cash flow assumptions |  |  | — |  |  | 4,207 |  |  | — |  |  | 56 |  |  | — |  |  | (3,537) |  |  | — |  |  | (701)
﻿Net transfers to (from) nonaccretable difference to accretable yield |  |  | — |  |  | 3,776 |  |  | — |  |  | 947 |  |  | — |  |  | (3,798) |  |  | — |  |  | 46
﻿Balance at end of period |  | $ | 199,216 |  | $ | 96,310 |  | $ | 22,677 |  | $ | 34,048 |  | $ | 203,297 |  | $ | 91,564 |  | $ | 22,541 |  | $ | 37,924
﻿ Included in loans are $6.0 million and $7.4 million of consumer loans secured by single family residential mortgage real estate that are in process of foreclosure as of March 31, 2016 and December 31, 2015, respectively. Of these loans, $4.0 million and $4.1 million, respectively, are covered by an FDIC loss share agreement that provides significant protection against losses. Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. In addition to the single family residential real estate loans in process of foreclosure, the Company also held $5.9 million and $9.3 million of foreclosed single family residential properties in other real estate owned as of March 31, 2016 and December 31, 2015, respectively. Of these foreclosed properties, $1.1 million and $1.6 million as of March 3 1, 2016 and December 31, 2015, respectively, are also covered by the FDIC loss share agreement.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5162-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5074-111524 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 + Details
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