Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2015

Age Analysis of Past Due Loans Segregated by Class of Loans

The following tables present the age analysis of past due loans segregated by class of loans as of June 30, 2015 and December 31, 2014:



	June 30, 2015
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due⁽¹⁾		Nonaccrual		Total Past Due		Total Loans
Commercial real estate	$	2,032,731	$	9,656	$	3,518	$	1,721	$	7,309	$	22,204	$	2,054,935
Commercial and industrial	1,231,221		2,875		2,143		—		3,143		8,161		1,239,382
Commercial construction	333,897		4,474		—		2,140		4,472		11,086		344,983
Residential mortgage	593,043		1,732		1,770		947		2,010		6,459		599,502
Home equity	453,279		1,971		430		107		2,026		4,534		457,813
Installment and other consumer	93,223		261		774		—		179		1,214		94,437
Consumer construction	7,446		—		—		—		—		—		7,446
Loans held for sale	13,634		—		—		—		—		—		13,634
Totals	$	4,758,474	$	20,969	$	8,635	$	4,915	$	19,139	$	53,658	$	4,812,132
⁽¹⁾Represents acquired loans that were recorded at fair value at the acquisition date.



	December 31, 2014
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due		Nonaccrual		Total Past Due		Total Loans
Commercial real estate	$	1,674,930	$	2,548	$	323	$	—	$	4,435	$	7,306	$	1,682,236
Commercial and industrial	991,136		1,227		153		—		1,622		3,002		994,138
Commercial construction	214,174		—		—		—		1,974		1,974		216,148
Residential mortgage	485,465		565		1,220		—		2,336		4,121		489,586
Home equity	414,303		1,756		445		—		2,059		4,260		418,563
Installment and other consumer	65,111		352		73		—		31		456		65,567
Consumer construction	2,508		—		—		—		—		—		2,508
Loans held for sale	2,970		—		—		—		—		—		2,970
Totals	$	3,850,597	$	6,448	$	2,214	$	—	$	12,457	$	21,119	$	3,871,716

Recorded Investment in Commercial Loan Classes by Internally Assigned Risk Ratings

The following tables present the recorded investment in commercial loan classes by internally assigned risk ratings as of the dates presented:



	June 30, 2015
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	1,976,311	96.2	%	$	1,158,898	93.5	%	$	300,968	87.3	%	$	3,436,177	94.4	%
Special mention	33,328		1.6	%	60,251		4.9	%	26,276		7.6	%	119,855		3.3	%
Substandard	45,296		2.2	%	20,233		1.6	%	17,739		5.1	%	83,268		2.3	%
Total	$	2,054,935	100	%	$	1,239,382	100.0	%	$	344,983	100.0	%	$	3,639,300	100.0	%

	December 31, 2014
(dollars in thousands)	Commercial Real Estate		% of Total		Commercial and Industrial		% of Total		Commercial Construction		% of Total		Total		% of Total
Pass	$	1,635,132	97.2	%	$	948,663	95.4	%	$	196,520	90.9	%	$	2,780,315	96.1	%
Special mention	23,597		1.4	%	30,357		3.1	%	12,014		5.6	%	65,968		2.3	%
Substandard	23,507		1.4	%	15,118		1.5	%	7,614		3.5	%	46,239		1.6	%
Total	$	1,682,236	100.0	%	$	994,138	100.0	%	$	216,148	100.0	%	$	2,892,522	100.0	%

Recorded Investment in Consumer Loan Classes by Performing and Nonperforming Status

The following tables present the recorded investment in consumer loan classes by performing and nonperforming status as of the dates presented:



	June 30, 2015
(dollars in thousands)	Residential Mortgage		% of Total		Home Equity		% of Total		Installment and other consumer		% of Total		Consumer Construction		% of Total		Total		% of Total
Performing	$	597,492	99.7	%	$	455,787	99.6	%	$	94,258	99.8	%	$	7,446	100.0	%	$	1,154,983	99.6	%
Nonperforming	2,010		0.3	%	2,026		0.4	%	179		0.2	%	—		—	%	4,215		0.4	%
Total	$	599,502	100.0	%	$	457,813	100.0	%	$	94,437	100.0	%	$	7,446	100.0	%	$	1,159,198	100.0	%

	December 31, 2014
(dollars in thousands)	Residential Mortgage		% of Total		Home Equity		% of Total		Installment and other consumer		% of Total		Consumer Construction		% of Total		Total		% of Total
Performing	$	487,250	99.5	%	$	416,504	99.5	%	$	65,536	99.9	%	$	2,508	100.0	%	$	971,798	99.5	%
Nonperforming	2,336		0.5	%	2,059		0.5	%	31		0.1	%	—		—	%	4,426		0.5	%
Total	$	489,586	100.0	%	$	418,563	100.0	%	$	65,567	100.0	%	$	2,508	100.0	%	$	976,224	100.0	%

Investments in Loans Considered to be Impaired and Related Information on Impaired Loans

The following tables summarize investments in loans considered to be impaired and related information on those impaired loans for the periods presented:



	Three Months Ended
	June 30, 2015				June 30, 2014
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Without a related allowance recorded:
Commercial real estate	$	19,733	$	158	$	21,382	$	159
Commercial and industrial	10,782		84		9,317		57
Commercial construction	8,119		81		8,279		57
Consumer real estate	6,891		91		7,166		100
Other consumer	126		4		109		1
Total without a Related Allowance Recorded	45,651		418		46,253		374
With a related allowance recorded:
Commercial real estate	420		—		—		—
Commercial and industrial	—		—		—		—
Commercial construction	—		—		—		—
Consumer real estate	121		2		48		1
Other consumer	4		—		22		—
Total with a Related Allowance Recorded	545		2		70		1
Total:
Commercial real estate	20,153		158		21,382		159
Commercial and industrial	10,782		84		9,317		57
Commercial construction	8,119		81		8,279		57
Consumer real estate	7,012		93		7,214		101
Other consumer	130		4		131		1
Total	$	46,196	$	420	$	46,323	$	375



	Six Months Ended
	June 30, 2015				June 30, 2014
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Without a related allowance recorded:
Commercial real estate	$	20,455	$	322	$	21,980	$	329
Commercial and industrial	11,162		146		9,066		114
Commercial construction	6,628		134		8,301		114
Consumer real estate	6,943		186		7,260		203
Other consumer	86		4		112		2
Total without a Related Allowance Recorded	45,274		792		46,719		762
With a related allowance recorded:
Commercial real estate	$	211	$	—	$	—	$	—
Commercial and industrial	—		—		—		—
Commercial construction	—		—		—		—
Consumer real estate	122		3		50		2
Other consumer	4		—		23		1
Total with a Related Allowance Recorded	337		3		73		3
Total:
Commercial real estate	20,666		322		21,980		329
Commercial and industrial	11,162		146		9,066		114
Commercial construction	6,628		134		8,301		114
Consumer real estate	7,065		189		7,310		205
Other consumer	90		4		135		3
Total	$	45,611	$	795	$	46,792	$	765

The following tables summarize investments in loans considered to be impaired and the related information on those impaired loans as of the dates presented:



	June 30, 2015						December 31, 2014
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Without a related allowance recorded:
Commercial real estate	$	18,548	$	25,698	$	—	$	19,890	$	25,262	$	—
Commercial and industrial	10,125		11,877		—		9,218		9,449		—
Commercial construction	9,293		12,983		—		7,605		11,293		—
Consumer real estate	6,824		7,527		—		7,159		7,733		—
Other consumer	192		197		—		42		48		—
Total without a Related Allowance Recorded	44,982		58,282		—		43,914		53,785		—
With a related allowance recorded:
Commercial real estate	749		749		567		—		—		—
Commercial and industrial	—		—		—		—		—		—
Commercial construction	—		—		—		—		—		—
Consumer real estate	120		120		37		43		43		43
Other consumer	4		4		4		20		20		11
Total with a Related Allowance Recorded	873		873		608		63		63		54
Total:
Commercial real estate	19,297		26,447		567		19,890		25,262		—
Commercial and industrial	10,125		11,877		—		9,218		9,449		—
Commercial construction	9,293		12,983		—		7,605		11,293		—
Consumer real estate	6,944		7,647		37		7,202		7,776		43
Other consumer	196		201		4		62		68		11
Total	$	45,855	$	59,155	$	608	$	43,977	$	53,848	$	54

Summary of Allowance for Loan Losses

The following tables detail activity in the ALL for the periods presented:



	Three Months Ended June 30, 2015
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	19,071		$	13,711		$	6,869		$	6,723		$	1,732		$	48,106
Charge-offs	(310		)	(992		)	—			(177		)	(276		)	(1,755		)
Recoveries	73			89			1			112			129			404
Net (Charge-offs)/ Recoveries	(237		)	(903		)	1			(65		)	(147		)	(1,351		)
Provision for loan losses	184			500			801			369			205			2,059
Balance at End of Period	$	19,018		$	13,308		$	7,671		$	7,027		$	1,790		$	48,814


	Three Months Ended June 30, 2014
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	19,880		$	13,979		$	5,183		$	6,408		$	1,166		$	46,616
Charge-offs	(1,737		)	(743		)	(664		)	(425		)	(177		)	(3,746		)
Recoveries	1,294			2,936			324			164			126			4,844
Net (Charge-offs)/ Recoveries	(443		)	2,193			(340		)	(261		)	(51		)	1,098
Provision for loan losses	1,296			(3,168		)	(84		)	558			264			(1,134		)
Balance at End of Period	$	20,733		$	13,004		$	4,759		$	6,705		$	1,379		$	46,580


	Six Months Ended June 30, 2015
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	20,164		$	13,668		$	6,093		$	6,333		$	1,653		$	47,911
Charge-offs	(376		)	(1,698		)	—			(552		)	(579		)	(3,205		)
Recoveries	176			203			2			248			213			842
Net (Charge-offs)/Recoveries	(200		)	(1,495		)	2			(304		)	(366		)	(2,363		)
Provision for loan losses	(946		)	1,135			1,576			998			503			3,266
Balance at End of Period	$	19,018		$	13,308		$	7,671		$	7,027		$	1,790		$	48,814


	Six Months Ended June 30, 2014
(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Commercial Construction			Consumer Real Estate			Other Consumer			Total Loans
Balance at beginning of period	$	18,921		$	14,433		$	5,374		$	6,362		$	1,165		$	46,255
Charge-offs	(2,004		)	(1,033		)	(692		)	(547		)	(445		)	(4,721		)
Recoveries	1,834			3,249			375			223			210			5,891
Net (Charge-offs)/Recoveries	(170		)	2,216			(317		)	(324		)	(235		)	1,170
Provision for loan losses	1,982			(3,645		)	(298		)	667			449			(845		)
Balance at End of Period	$	20,733		$	13,004		$	4,759		$	6,705		$	1,379		$	46,580

Summary of Allowance for Loan Losses and Recorded Investments

The following tables present the ALL and recorded investments in loans by category as of the periods presented:



	June 30, 2015
	Allowance for Loan Losses						Portfolio Loans
(dollars in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total⁽¹⁾
Commercial real estate	$	567	$	18,451	$	19,018	$	19,297	$	2,035,638	$	2,054,935
Commercial and industrial	—		13,308		13,308		10,125		1,229,257		1,239,382
Commercial construction	—		7,671		7,671		9,293		335,690		344,983
Consumer real estate	37		6,990		7,027		6,944		1,057,817		1,064,761
Other consumer	4		1,786		1,790		196		94,241		94,437
Total	$	608	$	48,206	$	48,814	$	45,855	$	4,752,643	$	4,798,498
⁽¹⁾Includes acquired loans.
	December 31, 2014
	Allowance for Loan Losses						Portfolio Loans
(dollars in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total⁽¹⁾
Commercial real estate	$	—	$	20,164	$	20,164	$	19,890	$	1,662,346	$	1,682,236
Commercial and industrial	—		13,668		13,668		9,218		984,920		994,138
Commercial construction	—		6,093		6,093		7,605		208,543		216,148
Consumer real estate	43		6,290		6,333		7,202		903,455		910,657
Other consumer	11		1,642		1,653		62		65,505		65,567
Total	$	54	$	47,857	$	47,911	$	43,977	$	3,824,769	$	3,868,746
⁽¹⁾Includes acquired loans.