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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
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 the dates presented:
 
June 30, 2016
(dollars in thousands)
Current
30-59 Days
Past Due
60-89 Days
Past Due
Nonaccrual
Total Past
Due
Total Loans
Commercial real estate
$
2,367,849

$
7,384

$
2,666

$
10,887

$
20,937

$
2,388,786

Commercial and industrial
1,366,728

7,276

400

11,342

19,018

1,385,746

Commercial construction
382,985

5,644

1,311

8,182

15,137

398,122

Residential mortgage
657,352

1,191

3,839

9,283

14,313

671,665

Home equity
472,085

4,223

728

3,168

8,119

480,204

Installment and other consumer
57,916

153

27

43

223

58,139

Consumer construction
5,602

—

—

—

—

5,602

Loans held for sale
11,999

—

—

—

—

11,999

Total
$
5,322,516

$
25,871

$
8,971

$
42,905

$
77,747

$
5,400,263


 
December 31, 2015
(dollars in thousands)
Current
30-59 Days
Past Due
60-89 Days
Past Due
Nonaccrual
Total Past
Due
Total Loans
Commercial real estate
$
2,145,655

$
11,602

$
627

$
8,719

$
20,948

$
2,166,603

Commercial and industrial
1,244,802

2,453

296

9,279

12,028

1,256,830

Commercial construction
401,084

3,517

90

8,753

12,360

413,444

Residential mortgage
631,085

1,728

930

5,629

8,287

639,372

Home equity
465,055

2,365

523

2,902

5,790

470,845

Installment and other consumer
73,486

242

111

100

453

73,939

Consumer construction
6,579

—

—

—

—

6,579

Loans held for sale
35,179

94

48

—

142

35,321

Total
$
5,002,925

$
22,001

$
2,625

$
35,382

$
60,008

$
5,062,933
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, 2016
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
2,314,317

96.9
%
 
$
1,302,427

94.0
%
 
$
361,494

90.8
%
 
$
3,978,238

95.3
%
Special mention
22,277

0.9
%
 
31,865

2.3
%
 
20,228

5.1
%
 
74,370

1.8
%
Substandard
52,192

2.2
%
 
51,454

3.7
%
 
16,400

4.1
%
 
120,046

2.9
%
Total
$
2,388,786

100.0
%
 
$
1,385,746

100.0
%
 
$
398,122

100.0
%
 
$
4,172,654

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
(dollars in thousands)
Commercial
Real Estate
% of
Total
 
Commercial
and Industrial
% of
Total
 
Commercial
Construction
% of
Total
 
Total
% of
Total
Pass
$
2,094,851

96.7
%
 
$
1,182,685

94.1
%
 
$
375,808

90.9
%
 
$
3,653,344

95.2
%
Special mention
19,938

0.9
%
 
43,896

3.5
%
 
19,846

4.8
%
 
83,680

2.2
%
Substandard
51,814

2.4
%
 
30,249

2.4
%
 
17,790

4.3
%
 
99,853

2.6
%
Total
$
2,166,603

100.0
%
 
$
1,256,830

100.0
%
 
$
413,444

100.0
%
 
$
3,836,877

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, 2016
(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
$
662,382

98.6
%
$
477,036

99.3
%
$
58,096

99.9
%
$
5,602

100.0
%
$
1,203,116

99.0
%
Nonperforming
9,283

1.4
%
3,168

0.7
%
43

0.1
%
—

—
%
12,494

1.0
%
Total
$
671,665

100.0
%
$
480,204

100.0
%
$
58,139

100.0
%
$
5,602

100.0
%
$
1,215,610

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 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
$
633,743

99.1
%
$
467,943

99.4
%
$
73,839

99.8
%
$
6,579

100.0
%
$
1,182,104

99.3
%
Nonperforming
5,629

0.9
%
2,902

0.6
%
100

0.2
%
—

—
%
8,631

0.7
%
Total
$
639,372

100.0
%
$
470,845

100.0
%
$
73,939

100.0
%
$
6,579

100.0
%
$
1,190,735

100.0
%
Investments in Loans Considered to be Impaired and Related Information on Impaired Loans
 
For the Six Months Ended
 
June 30, 2016
June 30, 2015
(dollars in thousands)
Average
Recorded
Investment
Interest
Income
Recognized
Average
Recorded
Investment
Interest
Income
Recognized
Without a related allowance recorded:
 
 
 
 
Commercial real estate
$
14,798

$
132

$
20,455

$
322

Commercial and industrial
11,253

189

11,162

146

Commercial construction
10,669

108

6,628

134

Consumer real estate
11,089

243

6,943

186

Other consumer
40

1

86

4

Total without a Related Allowance Recorded
47,849

673

45,274

792

With a related allowance recorded:
 
 
 
 
Commercial real estate
—

—

211

—

Commercial and industrial
4,999

63

—

—

Commercial construction
1,244

12

—

—

Consumer real estate
30

1

122

3

Other consumer
2

—

4

—

Total with a Related Allowance Recorded
6,275

76

337

3

Total:
 
 
 
 
Commercial real estate
14,798

132

20,666

322

Commercial and industrial
16,252

252

11,162

146

Commercial construction
11,913

120

6,628

134

Consumer real estate
11,119

244

7,065

189

Other consumer
42

1

90

4

Total
$
54,124

$
749

$
45,611

$
795

The following tables summarize investments in loans considered to be impaired and related information on those impaired loans as of the dates presented:
 
June 30, 2016
 
December 31, 2015
(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
$
12,326

$
22,765

$
—

 
$
12,661

$
13,157

$
—

Commercial and industrial
11,313

12,174

—

 
14,417

15,220

—

Commercial construction
9,918

13,494

—

 
10,998

14,200

—

Consumer real estate
10,983

11,646

—

 
6,845

7,521

—

Other consumer
34

41

—

 
111

188

—

Total without a Related Allowance Recorded
44,574

60,120

—

 
45,032

50,286

—

With a related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
—

—

—

 
—

—

—

Commercial and industrial
4,499

4,984

1,991

 
—

—

—

Commercial construction
1,064

1,635

141

 
500

1,350

3

Consumer real estate
29

29

29

 
116

116

32

Other consumer
1

1

1

 
2

2

2

Total with a Related Allowance Recorded
5,593

6,649

2,162

 
618

1,468

37

Total:
 
 
 
 
 
 
 
Commercial real estate
12,326

22,765

—

 
12,661

13,157

—

Commercial and industrial
15,812

17,158

1,991

 
14,417

15,220

—

Commercial construction
10,982

15,129

141

 
11,498

15,550

3

Consumer real estate
11,012

11,675

29

 
6,961

7,637

32

Other consumer
35

42

1

 
113

190

2

Total
$
50,167

$
66,769

$
2,162

 
$
45,650

$
51,754

$
37

The following tables summarize investments in loans considered to be impaired and related information on those impaired loans for the periods presented:
 
For the Three Months Ended
 
June 30, 2016
June 30, 2015
(dollars in thousands)
Average
Recorded
Investment
Interest
Income
Recognized
Average
Recorded
Investment
Interest
Income
Recognized
Without a related allowance recorded:
 
 
 
 
Commercial real estate
$
14,619

$
64

$
19,733

$
158

Commercial and industrial
10,959

98

10,782

84

Commercial construction
10,625

48

8,119

81

Consumer real estate
11,028

107

6,891

91

Other consumer
38

—

126

4

Total without a Related Allowance Recorded
47,269

317

45,651

418

With a related allowance recorded:
 
 
 
 
Commercial real estate
—

—

420

—

Commercial and industrial
4,617

31

—

—

Commercial construction
1,232

6

—

—

Consumer real estate
29

1

121

2

Other consumer
1

—

4

—

Total with a Related Allowance Recorded
5,879

38

545

2

Total:
 
 
 
 
Commercial real estate
14,619

64

20,153

158

Commercial and industrial
15,576

129

10,782

84

Commercial construction
11,857

54

8,119

81

Consumer real estate
11,057

108

7,012

93

Other consumer
39

—

130

4

Total
$
53,148

$
355

$
46,196

$
420
Summary of Allowance for Loan Losses
The following tables detail activity in the ALL for the periods presented:
 
Three Months Ended June 30, 2016
(dollars in thousands)
Commercial
Real Estate

 
Commercial and
Industrial

 
Commercial
Construction

 
Consumer
Real Estate

 
Other
Consumer

 
Total
Loans

Balance at beginning of period
$
15,266

 
$
14,740

 
$
10,825

 
$
8,261

 
$
1,255

 
$
50,347

Charge-offs
(1,662
)
 
(136
)
 
(945
)
 
(290
)
 
(463
)
 
(3,496
)
Recoveries
38

 
217

 
2

 
134

 
123

 
514

Net (Charge-offs)/ Recoveries
(1,624
)
 
81

 
(943
)
 
(156
)
 
(340
)
 
(2,982
)
Provision for loan losses
2,336

 
(50
)
 
1,819

 
313

 
430

 
4,848

Balance at End of Period
$
15,978

 
$
14,771

 
$
11,701

 
$
8,418

 
$
1,345

 
$
52,213

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
(dollars in thousands)
Commercial
Real Estate
 
Commercial and
Industrial
 
Commercial
Construction
 
Consumer
Real Estate
 
Other
Consumer
 
Total
Loans
Balance at beginning of period
$
15,043

 
$
10,853

 
$
12,625

 
$
8,400

 
$
1,226

 
$
48,147

Charge-offs
(1,715
)
 
(2,830
)
 
(945
)
 
(522
)
 
(1,111
)
 
(7,123
)
Recoveries
398

 
420

 
3

 
298

 
207

 
1,326

Net (Charge-offs)/Recoveries
(1,317
)
 
(2,410
)
 
(942
)
 
(224
)
 
(904
)
 
(5,797
)
Provision for loan losses
2,252

 
6,328

 
18

 
242

 
1,023

 
9,863

Balance at End of Period
$
15,978

 
$
14,771

 
$
11,701

 
$
8,418

 
$
1,345

 
$
52,213

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
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, 2016
 
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

Commercial real estate
$
—

$
15,978

$
15,978

 
$
12,326

$
2,376,460

$
2,388,786

Commercial and industrial
1,991

12,780

14,771

 
15,812

1,369,934

1,385,746

Commercial construction
141

11,560

11,701

 
10,982

387,140

398,122

Consumer real estate
29

8,389

8,418

 
11,012

1,146,459

1,157,471

Other consumer
1

1,344

1,345

 
35

58,104

58,139

Total
$
2,162

$
50,051

$
52,213

 
$
50,167

$
5,338,097

$
5,388,264

 
 
December 31, 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

Commercial real estate
$
—

$
15,043

$
15,043

 
$
12,661

$
2,153,942

$
2,166,603

Commercial and industrial
—

10,853

10,853

 
14,417

1,242,413

1,256,830

Commercial construction
3

12,622

12,625

 
11,498

401,946

413,444

Consumer real estate
32

8,368

8,400

 
6,961

1,109,835

1,116,796

Other consumer
2

1,224

1,226

 
113

73,826

73,939

Total
$
37

$
48,110

$
48,147

 
$
45,650

$
4,981,962

$
5,027,612