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Purchase Credit Impaired ("PCI") Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Covered Loans [Line Items]  
Rollforward of PCI Loans, Net of Allowance for Loan Losses
The following table is a rollforward of PCI loans, net of the allowance for loan losses, for the six months ended June 30, 2016 and 2015.

(in thousands)
Contractual Cashflows
 
Non-accretable Difference
 
Accretable Yield
 
Carrying Amount
Balance January 1, 2016
$
116,689

 
$
26,765

 
$
25,341

 
$
64,583

Principal reductions and interest payments
(11,768
)
 
—

 
—

 
(11,768
)
Accretion of loan discount
—

 
—

 
(3,431
)
 
3,431

Changes in contractual and expected cash flows due to remeasurement
6,144

 
1,522

 
(788
)
 
5,410

Reductions due to disposals
(21,663
)
 
(4,912
)
 
(3,073
)
 
(13,678
)
Balance June 30, 2016
$
89,402

 
$
23,375


$
18,049


$
47,978

 
 
 
 
 
 
 
 
Balance January 1, 2015
$
178,145

 
$
65,719

 
$
28,733

 
$
83,693

Principal reductions and interest payments
(13,214
)
 
—

 
—

 
(13,214
)
Accretion of loan discount
—

 
—

 
(5,989
)
 
5,989

Changes in contractual and expected cash flows due to remeasurement
(12,100
)
 
(26,187
)
 
5,304

 
8,783

Reductions due to disposals
(13,831
)
 
(2,794
)
 
(1,836
)
 
(9,201
)
Balance June 30, 2015
$
139,000

 
$
36,738


$
26,212


$
76,050
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at June 30, 2016 and December 31, 2015:
 
 
June 30, 2016
 
December 31, 2015
(in thousands)
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
 
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
Commercial and industrial
6.45
$
3,498

 
6.70
$
3,863

Real estate:
 
 
 
 
 
    Commercial - investor owned
7.14
19,328

 
6.98
25,272

    Commercial - owner occupied
6.35
13,068

 
6.30
19,414

    Construction and land development
5.70
5,523

 
6.28
6,838

    Residential
5.44
15,047

 
5.44
19,287

Total real estate loans
 
52,966

 
 
70,811

Consumer and other
1.60
65

 
1.89
84

    Purchased credit impaired loans
 
$
56,529

 
 
$
74,758

1Risk ratings are based on the borrower's contractual obligation, which is not reflective of the purchase discount.
Summary of Aging of Recorded Investment in Past Due PCI Loans by Portfolio Class and Category
The aging of the recorded investment in past due PCI loans by portfolio class and category at June 30, 2016 and December 31, 2015 is shown below:

 
June 30, 2016
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
22

 
$
—

 
$
22

 
$
3,476

 
$
3,498

    Real estate:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
—

 
—

 
—

 
19,328

 
19,328

       Commercial - owner occupied
—

 
—

 
—

 
13,068

 
13,068

       Construction and land development
—

 
—

 
—

 
5,523

 
5,523

       Residential
372

 
144

 
516

 
14,531

 
15,047

    Consumer and other
—

 
—

 
—

 
65

 
65

          Total
$
394

 
$
144


$
538


$
55,991


$
56,529


 
December 31, 2015
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
—

 
$
—

 
$
—

 
$
3,863

 
$
3,863

    Real estate:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
2,342

 
3,661

 
6,003

 
19,269

 
25,272

       Commercial - owner occupied
731

 
—

 
731

 
18,683

 
19,414

       Construction and land development
—

 
—

 
—

 
6,838

 
6,838

       Residential
1,594

 
130

 
1,724

 
17,563

 
19,287

    Consumer and other
4

 
—

 
4

 
80

 
84

          Total
$
4,671

 
$
3,791


$
8,462


$
66,296


$
74,758
Summary of FDIC Loss Share Receivable
.