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Purchased Credit Impaired ("PCI") Loans (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 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
(25,669
)
 
—

 
—

 
(25,669
)
Accretion of loan discount
—

 
—

 
(6,155
)
 
6,155

Changes in contractual and expected cash flows due to remeasurement
11,718

 
766

 
(1,500
)
 
12,452

Reductions due to disposals
(36,735
)
 
(8,629
)
 
(4,510
)
 
(23,596
)
Balance December 31, 2016
$
66,003

 
$
18,902

 
$
13,176

 
$
33,925

 
 
 
 
 
 
 
 
Balance January 1, 2015
$
178,145

 
$
65,719

 
$
28,733

 
$
83,693

Principal reductions and interest payments
(24,441
)
 
—

 
—

 
(24,441
)
Accretion of loan discount
—

 
—

 
(10,775
)
 
10,775

Changes in contractual and expected cash flows due to remeasurement
(3,574
)
 
(30,413
)
 
12,132

 
14,707

Reductions due to disposals
(33,441
)
 
(8,541
)
 
(4,749
)
 
(20,151
)
Balance December 31, 2015
$
116,689

 
$
26,765

 
$
25,341

 
$
64,583
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at December 31, 2016 and 2015:
 
 
December 31, 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
5.87
$
3,523

 
6.70
$
3,863

Real estate loans:
 
 
 
 
 
Commercial - investor owned
6.95
8,162

 
6.98
25,272

Commercial - owner occupied
6.39
11,863

 
6.30
19,414

Construction and land development
5.80
4,365

 
6.28
6,838

Residential
5.64
11,792

 
5.44
19,287

Total real estate loans
 
36,182

 
 
70,811

Consumer and other
1.64
64

 
1.89
84

Purchased credit impaired loans
 
$
39,769

 
 
$
74,758

 
 
 
 
 
 
(1) Risk 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 December 31, 2016 and 2015 is shown below:
 
December 31, 2016
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
—

 
$
—

 
$
—

 
$
3,523

 
$
3,523

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
—

 
—

 
—

 
8,162

 
8,162

Commercial - owner occupied
—

 
—

 
—

 
11,863

 
11,863

Construction and land development
—

 
—

 
—

 
4,365

 
4,365

Residential
169

 
51

 
220

 
11,572

 
11,792

Consumer and other
—

 
—

 
—

 
64

 
64

Total
$
169

 
$
51

 
$
220

 
$
39,549

 
$
39,769


 
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
A summary of activity in the FDIC loss share receivable for the year ended December 31, 2015 is as follows:
(in thousands)
December 31, 2015
Balance at beginning of period
$
15,866

Adjustments not reflected in income:
 
Cash received from the FDIC for covered assets
(3,528
)
FDIC reimbursable recoveries
(1,386
)
Reductions for loss share termination
(5,922
)
Adjustments reflected in income:
 
Amortization, net
(2,293
)
Loan impairment reversal
(1,113
)
Reductions for payments on covered assets in excess of expected cash flows
(1,624
)
Balance at end of period
$
—