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Loans and Loans Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Composition of Loans
The following table indicates the composition of the acquired and originated loans as of the dates presented:
(dollars in thousands)
June 30, 2016
 
December 31, 2015
Commercial

 

Commercial real estate
$
2,388,786

 
$
2,166,603

Commercial and industrial
1,385,746

 
1,256,830

Commercial construction
398,122

 
413,444

Total Commercial Loans
4,172,654

 
3,836,877

Consumer

 

Residential mortgage
671,665

 
639,372

Home equity
480,204

 
470,845

Installment and other consumer
58,139

 
73,939

Consumer construction
5,602

 
6,579

Total Consumer Loans
1,215,610

 
1,190,735

Total Portfolio Loans
5,388,264

 
5,027,612

Loans held for sale
11,999

 
35,321

Total Loans
$
5,400,263

 
$
5,062,933
Restructured Loans for Periods Presented
The following tables present the restructured loans during the periods presented:
 
Three Months Ended June 30, 2016

Three Months Ended June 30, 2015
(dollars in thousands)
Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment

Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment
Commercial real estate
 
 
 
 





Principal deferral
1

$
4,721

$
2,270

$
(2,451
)

—

$
—

$
—

$
—

Commercial and industrial
 
 
 
 

 
 
 


Principal deferral
5

985

985

—


—

—

—

—

Principal forgiveness
—

—

—

—

 
1

400

400

—

Maturity date extension
1

130

130

—


—

—

—

—

Commercial Construction
 
 
 
 

 
 
 


Maturity date extension
4

1,324

1,269

(55
)
 
—

—

—

—

Residential mortgage
 
 
 
 

 
 
 


Principal deferral
1

3,273

3,273

—


—

—

—

—

Chapter 7 bankruptcy(2)
1

65

64

(1
)

—

—

—

—

Maturity date extension and interest rate reduction
—

—

—

—

 
2

225

225

—

Home equity
 
 
 
 

 
 
 


Chapter 7 bankruptcy(2)
4

73

69

(4
)

4

171

171

—

Maturity date extension
3

120

120

—

 
—

—

—

—

Installment and other consumer
 
 
 
 

 
 
 

Chapter 7 bankruptcy(2)
2

16

13

(3
)

—

—

—

—

Total by Concession Type













Principal forgiveness
—

$
—

$
—

$
—


1

$
400

$
400

$
—

Principal deferral
7

8,979

6,528

(2,451
)

—

—

—

—

Chapter 7 bankruptcy(2)
7

154

146

(8
)
 
4

171

171

—

Interest rate reduction
—

—

—

—

 
—

—

—

—

Maturity date extension and interest rate reduction
—

—

—

—

 
2

225

225

—

Maturity date extension
8

1,574

1,519

(55
)
 
—

—

—

—

Total
22

$
10,707

$
8,193

$
(2,514
)

7

$
796

$
796

$
—

(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
 
 
 
 
 
Six Months Ended June 30, 2016
 
Six Months Ended June 30, 2015
(dollars in thousands)
Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment

Number of
Loans
Pre-Modification
Outstanding
Recorded
Investment(1)
Post-Modification
Outstanding
Recorded
Investment(1)
Total  Difference
in Recorded
Investment
Commercial real estate
 
 
 
 
 
 
 
 
 
Principal deferral
1

$
4,721

$
2,270

$
(2,451
)
 
2

$
2,851

$
2,851

$
—

Chapter 7 bankruptcy(2)
1

709

681

(28
)
 
—

—

—

—

Commercial and industrial
 
 
 
 
 
 
 
 
 
Principal forgiveness 
—

—

—

—

 
1

400

400

—

Principal deferral
5

985

985

—

 
6

661

661

—

Chapter 7 bankruptcy(2)
—

—

—

—

 
1

3

1

(2
)
Maturity date extension
3

755

728

(27
)
 
1

780

765

(15
)
Commercial Construction
 
 
 
 
 
 
 
 
 
Principal deferral
—

—

—

—

 
1

104

103

(1
)
Maturity date extension
5

1,357

1,303

(54
)
 
—

—

—

—

Residential mortgage
 
 
 
 
 
 
 
 
 
Principal deferral
1

3,273

3,273

—

 
—

—

—

—

Chapter 7 bankruptcy(2)
4

285

280

(5
)
 
—

—

—

—

Maturity date extension
1

483

483

—

 
—

—

—

—

Maturity date extension and interest rate reduction
—

—

—

—

 
2

225

225

—

Home equity
 
 
 
 
 
 
 
 
 
Principal deferral
1

47

46

(1
)
 
—

—

—

—

Chapter 7 bankruptcy(2)
9

318

309

(9
)
 
12

313

304

(9
)
Maturity date extension and interest rate reduction
1

130

128

(2
)
 
—

—

—

—

Maturity date extension
4

274

272

(2
)
 
1

71

71

—

Installment and other consumer
 
 
 
 
 
 
 
 
 
Chapter 7 bankruptcy(2)
2

16

13

$
(3
)
 
—

—

—

$
—

Total by Concession Type
 
 
 
 
 
 
 
 
 
Principal forgiveness
—

$
—

$
—

$
—

 
1

$
400

$
400

$
—

Principal deferral
8

9,026

6,574

(2,452
)
 
9

3,616

3,615

(1
)
Chapter 7 bankruptcy(2)
16

1,328

1,283

(45
)
 
13

316

305

(11
)
Interest rate reduction
—

—

—

—

 






—

Maturity date extension and interest rate reduction
1

130

128

(2
)
 
2

225

225

—

Maturity date extension
13

2,869

2,786

(83
)

2

851

836

(15
)
Total
38

$
13,353

$
10,771

$
(2,582
)
 
27

$
5,408

$
5,381

$
(27
)
(1) Excludes loans that were fully paid off or fully charged-off by period end. The pre-modification balance represents the balance outstanding prior to modification. The post-modification balance represents the outstanding balance at period end.
(2) Chapter 7 bankruptcy loans where the debt has been legally discharged through the bankruptcy court and not reaffirmed.
The following table summarizes the restructured loans as of the dates presented:
 
June 30, 2016
 
December 31, 2015
(dollars in thousands)
Performing
TDRs
Nonperforming
TDRs
Total
TDRs
 
Performing
TDRs
Nonperforming
TDRs
Total
TDRs
Commercial real estate
$
4,263

$
4,369

$
8,632

 
$
6,822

$
3,548

$
10,370

Commercial and industrial
6,241

2,535

8,776

 
6,321

1,570

7,891

Commercial construction
4,351

2,820

7,171

 
5,013

1,265

6,278

Residential mortgage
2,493

4,411

6,904

 
2,590

665

3,255

Home equity
3,225

882

4,107

 
3,184

523

3,707

Installment and other consumer
25

11

36

 
25

88

113

Total
$
20,598

$
15,028

$
35,626

 
$
23,955

$
7,659

$
31,614
Summary of Nonperforming Assets of Defaulted TDRs
The following tables present a summary of TDRs which defaulted during the periods presented that had been restructured within the last 12 months prior to defaulting:
 
Defaulted TDRs
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
(dollars in thousands)
Number of
Defaults
Recorded
Investment


Number of
Defaults
Recorded
Investment

 
Number of
Defaults
Recorded
Investment

 
Number of
Defaults
Recorded
Investment

Commercial real estate
—
$
—


—
$
—

 
—
$
—

 
—
$
—

Commercial and Industrial
—
—


—
—

 
—
—

 
—
—

Commercial construction
—
—


—
—

 
1
605

 
—
—

Residential mortgage
—
—


—
—

 
—
—

 
1
183

Home equity
—
—


2
119

 
—
—

 
3
124

Installment and other consumer
—
—

 
—
—

 
—
—

 
—
—

Consumer construction
—
—

 
—
—

 
—
—

 
—
—

Total
—
$
—


2
$
119

 
1
$
605

 
4
$
307
Summary of Nonperforming Assets
The following table is a summary of nonperforming assets as of the dates presented:
 
Nonperforming Assets
(dollars in thousands)
June 30, 2016
 
December 31, 2015
Nonperforming Assets

 

Nonaccrual loans
$
27,877

 
$
27,723

Nonaccrual TDRs
15,028

 
7,659

Total nonaccrual loans
42,905

 
35,382

OREO
328

 
354

Total Nonperforming Assets
$
43,233

 
$
35,736