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Allowance for Loan Losses | 9 Months Ended
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Sep. 30, 2017
Receivables [Abstract] |
ALLOWANCE FOR LOAN LOSSES | We maintain an allowance for loan losses, or ALL, at a level determined to be adequate to absorb estimated probable credit losses inherent in the loan portfolio as of the balance sheet date. We develop and document a systematic ALL methodology based on the following portfolio segments: 1. CRE, 2. C&I, 3. Commercial Construction, 4. Consumer Real Estate and 5. Other Consumer. The following are key risks within each portfolio segment: CRE—Loans secured by commercial purpose real estate, including both owner occupied properties and investment properties, for various purposes such as hotels, strip malls and apartments. Operations of the individual projects as well as global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type as well as the business prospects of the lessee, if the project is not owner occupied. C&I—Loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the company is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the company. Collateral for these types of loans often does not have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt. Commercial Construction—Loans made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer. Consumer Real Estate—Loans secured by first and second liens such as home equity loans, home equity lines of credit and 1-4 family residential mortgages, including purchase money mortgages. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt. Other Consumer—Loans made to individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. This segment includes auto loans, unsecured loans and lines and credit cards. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of repayment due to less certain collateral values. We further assess risk within each portfolio segment by pooling loans with similar risk characteristics. For the commercial loan classes, the most important indicator of risk is the internally assigned risk rating, including pass, special mention and substandard. Consumer loans are pooled by type of collateral, lien position and loan to value, or LTV, for Consumer Real Estate loans. Historical loss rates are applied to these loan pools to determine the reserve for loans collectively evaluated for impairment. The ALL methodology for groups of loans collectively evaluated for impairment is comprised of both a quantitative and qualitative analysis. A key assumption in the quantitative component of the reserve is the loss emergence period, or LEP. The LEP is an estimate of the average amount of time from the point at which a loss is incurred on a loan to the point at which the loss is confirmed. Another key assumption is the look-back period, or LBP, which represents the historical data period utilized to calculate loss rates. Management monitors various credit quality indicators for both the commercial and consumer loan portfolios, including delinquency, nonperforming status and changes in risk ratings on a monthly basis. The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:
| September 30, 2017
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Nonaccrual |  | Total Past Due |  | Total Loans
Commercial real estate | $ | 2,674,171 |  |  | $ | 530 |  |  | $ | 421 |  |  | $ | 6,571 |  |  | $ | 7,522 |  |  | $ | 2,681,693 |
Commercial and industrial | 1,438,224 |  |  | 499 |  |  | 739 |  |  | 7,349 |  |  | 8,587 |  |  | 1,446,811 |
Commercial construction | 428,744 |  |  | 75 |  |  | — |  |  | 4,068 |  |  | 4,143 |  |  | 432,887 |
Residential mortgage | 684,848 |  |  | 3,872 |  |  | 865 |  |  | 7,782 |  |  | 12,519 |  |  | 697,367 |
Home equity | 482,000 |  |  | 1,616 |  |  | 515 |  |  | 3,675 |  |  | 5,806 |  |  | 487,806 |
Installment and other consumer | 69,316 |  |  | 228 |  |  | 52 |  |  | 48 |  |  | 328 |  |  | 69,644 |
Consumer construction | 4,550 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,550 |
Loans held for sale | 47,936 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 47,936 |
Total | $ | 5,829,789 |  |  | $ | 6,820 |  |  | $ | 2,592 |  |  | $ | 29,493 |  |  | $ | 38,905 |  |  | $ | 5,868,694 |
| December 31, 2016
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Nonaccrual |  | Total Past Due |  | Total Loans
Commercial real estate | $ | 2,479,513 |  |  | $ | 2,032 |  |  | $ | 759 |  |  | $ | 16,172 |  |  | $ | 18,963 |  |  | $ | 2,498,476 |
Commercial and industrial | 1,391,475 |  |  | 1,061 |  |  | 428 |  |  | 8,071 |  |  | 9,560 |  |  | 1,401,035 |
Commercial construction | 450,410 |  |  | 547 |  |  | — |  |  | 4,927 |  |  | 5,474 |  |  | 455,884 |
Residential mortgage | 689,635 |  |  | 1,312 |  |  | 1,117 |  |  | 9,918 |  |  | 12,347 |  |  | 701,982 |
Home equity | 476,866 |  |  | 1,470 |  |  | 509 |  |  | 3,439 |  |  | 5,418 |  |  | 482,284 |
Installment and other consumer | 65,525 |  |  | 176 |  |  | 43 |  |  | 108 |  |  | 327 |  |  | 65,852 |
Consumer construction | 5,906 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,906 |
Loans held for sale | 3,793 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,793 |
Total | $ | 5,563,123 |  |  | $ | 6,598 |  |  | $ | 2,856 |  |  | $ | 42,635 |  |  | $ | 52,089 |  |  | $ | 5,615,212 |
We continually monitor the commercial loan portfolio through an internal risk rating system. Loan risk ratings are assigned based upon the creditworthiness of the borrower and are reviewed on an ongoing basis according to our internal policies. Loans within the pass rating generally have a lower risk of loss than loans risk rated as special mention or substandard. Our risk ratings are consistent with regulatory guidance and are as follows: Pass—The loan is currently performing and is of high quality. Special Mention—A special mention loan has potential weaknesses that warrant management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects or in the strength of our credit position at some future date. Economic and market conditions, beyond the borrower’s control, may in the future necessitate this classification. Substandard—A substandard loan is not adequately protected by the net worth and/or paying capacity of the borrower or by the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. The following tables present the recorded investment in commercial loan classes by internally assigned risk ratings as of the dates presented:
| September 30, 2017
(dollars in thousands) | Commercial Real Estate | % of Total |  | Commercial and Industrial | % of Total |  | Commercial Construction | % of Total |  | Total | % of Total
Pass | $ | 2,587,393 |  | 96.5 | % |  | $ | 1,354,269 |  | 93.6 | % |  | $ | 411,379 |  | 95.0 | % |  | $ | 4,353,041 |  | 95.4 | %
Special mention | 55,218 |  | 2.1 | % |  | 53,853 |  | 3.7 | % |  | 11,503 |  | 2.7 | % |  | 120,574 |  | 2.6 | %
Substandard | 39,082 |  | 1.4 | % |  | 38,689 |  | 2.7 | % |  | 10,005 |  | 2.3 | % |  | 87,776 |  | 2.0 | %
Total | $ | 2,681,693 |  | 100.0 | % |  | $ | 1,446,811 |  | 100.0 | % |  | $ | 432,887 |  | 100.0 | % |  | $ | 4,561,391 |  | 100.0 | %
| December 31, 2016
(dollars in thousands) | Commercial Real Estate | % of Total |  | Commercial and Industrial | % of Total |  | Commercial Construction | % of Total |  | Total | % of Total
Pass | $ | 2,423,742 |  | 97.0 | % |  | $ | 1,315,507 |  | 93.9 | % |  | $ | 430,472 |  | 94.4 | % |  | $ | 4,169,721 |  | 95.7 | %
Special mention | 33,098 |  | 1.3 | % |  | 40,409 |  | 2.9 | % |  | 14,691 |  | 3.2 | % |  | 88,198 |  | 2.0 | %
Substandard | 41,636 |  | 1.7 | % |  | 45,119 |  | 3.2 | % |  | 10,721 |  | 2.4 | % |  | 97,476 |  | 2.3 | %
Total | $ | 2,498,476 |  | 100.0 | % |  | $ | 1,401,035 |  | 100.0 | % |  | $ | 455,884 |  | 100.0 | % |  | $ | 4,355,395 |  | 100.0 | %
We monitor the delinquent status of the consumer portfolio on a monthly basis. Loans are considered nonperforming when interest and principal are 90 days or more past due or management has determined that a material deterioration in the borrower’s financial condition exists. The risk of loss is generally highest for nonperforming loans. The following tables present the recorded investment in consumer loan classes by performing and nonperforming status as of the dates presented:
| September 30, 2017
(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 | $ | 689,585 |  | 98.9 | % |  | $ | 484,131 |  | 99.2 | % |  | $ | 69,596 |  | 99.9 | % |  | $ | 4,550 |  | 100.0 | % |  | $ | 1,247,862 |  | 99.1 | %
Nonperforming | 7,782 |  | 1.1 | % |  | 3,675 |  | 0.8 | % |  | 48 |  | 0.1 | % |  | — |  | — | % |  | 11,505 |  | 0.9 | %
Total | $ | 697,367 |  | 100.0 | % |  | $ | 487,806 |  | 100.0 | % |  | $ | 69,644 |  | 100.0 | % |  | $ | 4,550 |  | 100.0 | % |  | $ | 1,259,367 |  | 100.0 | %
| December 31, 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 | $ | 692,064 |  | 98.6 | % |  | $ | 478,845 |  | 99.3 | % |  | $ | 65,744 |  | 99.8 | % |  | $ | 5,906 |  | 100.0 | % |  | $ | 1,242,559 |  | 98.9 | %
Nonperforming | 9,918 |  | 1.4 | % |  | 3,439 |  | 0.7 | % |  | 108 |  | 0.2 | % |  | — |  | — | % |  | 13,465 |  | 1.1 | %
Total | $ | 701,982 |  | 100.0 | % |  | $ | 482,284 |  | 100.0 | % |  | $ | 65,852 |  | 100.0 | % |  | $ | 5,906 |  | 100.0 | % |  | $ | 1,256,024 |  | 100.0 | %
We individually evaluate all substandard and nonaccrual commercial loans greater than $0.5 million for impairment. Loans are considered to be impaired when based upon current information and events it is probable that we will be unable to collect all principal and interest payments due according to the original contractual terms of the loan agreement. All TDRs will be reported as an impaired loan for the remaining life of the loan, unless the restructuring agreement specifies an interest rate equal to or greater than the rate that would be accepted at the time of the restructuring for a new loan with comparable risk and it is expected that the remaining principal and interest will be fully collected according to the restructured agreement. For all TDRs, regardless of size, as well as all other impaired loans, we conduct further analysis to determine the probable loss and assign a specific reserve to the loan if deemed appropriate. The following table summarizes investments in loans considered to be impaired and related information on those impaired loans as of the dates presented:
| September 30, 2017 |  | December 31, 2016
(dollars in thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance
With a related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial | 2,468 |  |  | 2,501 |  |  | 260 |  |  | 964 |  |  | 2,433 |  |  | 771 |
Commercial construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer real estate | 22 |  |  | 22 |  |  | 22 |  |  | 26 |  |  | 26 |  |  | 26 |
Other consumer | 30 |  |  | 30 |  |  | 30 |  |  | 1 |  |  | 1 |  |  | 1 |
Total with a Related Allowance Recorded | 2,520 |  |  | 2,553 |  |  | 312 |  |  | 991 |  |  | 2,460 |  |  | 798 |
Without a related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 6,341 |  |  | 6,985 |  |  | — |  |  | 16,352 |  |  | 17,654 |  |  | — |
Commercial and industrial | 6,075 |  |  | 8,245 |  |  | — |  |  | 5,902 |  |  | 7,699 |  |  | — |
Commercial construction | 5,974 |  |  | 8,629 |  |  | — |  |  | 6,613 |  |  | 10,306 |  |  | — |
Consumer real estate | 11,054 |  |  | 11,979 |  |  | — |  |  | 12,053 |  |  | 12,849 |  |  | — |
Other consumer | 24 |  |  | 30 |  |  | — |  |  | 24 |  |  | 31 |  |  | — |
Total without a Related Allowance Recorded | 29,468 |  |  | 35,868 |  |  | — |  |  | 40,944 |  |  | 48,539 |  |  | — |
Total: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 6,341 |  |  | 6,985 |  |  | — |  |  | 16,352 |  |  | 17,654 |  |  | — |
Commercial and industrial | 8,543 |  |  | 10,746 |  |  | 260 |  |  | 6,866 |  |  | 10,132 |  |  | 771 |
Commercial construction | 5,974 |  |  | 8,629 |  |  | — |  |  | 6,613 |  |  | 10,306 |  |  | — |
Consumer real estate | 11,076 |  |  | 12,001 |  |  | 22 |  |  | 12,079 |  |  | 12,875 |  |  | 26 |
Other consumer | 54 |  |  | 60 |  |  | 30 |  |  | 25 |  |  | 32 |  |  | 1 |
Total | $ | 31,988 |  |  | $ | 38,421 |  |  | $ | 312 |  |  | $ | 41,935 |  |  | $ | 50,999 |  |  | $ | 798 |
As of September 30, 2017, we had $32.0 million of impaired loans, which included $6.5 million of acquired loans from the Merger that experienced credit deterioration since the acquisition date. This compares to $41.9 million of impaired loans at December 31, 2016, which included $18.4 million of acquired loans from the Merger. The following table summarizes average recorded investment in and interest income recognized on loans considered to be impaired for the periods presented:
| For the Three Months Ended
| September 30, 2017 |  | September 30, 2016
(dollars in thousands) | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
With a related allowance recorded: |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial | 2,406 |  |  | 37 |  |  | 2,437 |  |  | 37 |
Commercial construction | — |  |  | — |  |  | — |  |  | — |
Consumer real estate | 23 |  |  | 1 |  |  | 28 |  |  | — |
Other consumer | 32 |  |  | 2 |  |  | 2 |  |  | — |
Total with a Related Allowance Recorded | 2,461 |  |  | 40 |  |  | 2,467 |  |  | 37 |
Without a related allowance recorded: |  |  |  |  |  |  |
Commercial real estate | 6,415 |  |  | 105 |  |  | 7,582 |  |  | 38 |
Commercial and industrial | 9,074 |  |  | 130 |  |  | 7,326 |  |  | 52 |
Commercial construction | 7,140 |  |  | 154 |  |  | 8,039 |  |  | 49 |
Consumer real estate | 11,149 |  |  | 250 |  |  | 11,686 |  |  | 159 |
Other consumer | 28 |  |  | — |  |  | 32 |  |  | — |
Total without a Related Allowance Recorded | 33,806 |  |  | 639 |  |  | 34,665 |  |  | 298 |
Total: |  |  |  |  |  |  |
Commercial real estate | 6,415 |  |  | 105 |  |  | 7,582 |  |  | 38 |
Commercial and industrial | 11,480 |  |  | 167 |  |  | 9,763 |  |  | 89 |
Commercial construction | 7,140 |  |  | 154 |  |  | 8,039 |  |  | 49 |
Consumer real estate | 11,172 |  |  | 251 |  |  | 11,714 |  |  | 159 |
Other consumer | 60 |  |  | 2 |  |  | 34 |  |  | — |
Total | $ | 36,267 |  |  | $ | 679 |  |  | $ | 37,132 |  |  | $ | 335 |
| Nine Months Ended
| September 30, 2017 |  | September 30, 2016
(dollars in thousands) | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
With a related allowance recorded: |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial | 1,218 |  |  | 44 |  |  | 2,492 |  |  | 100 |
Commercial construction | — |  |  | — |  |  | — |  |  | — |
Consumer real estate | 24 |  |  | 1 |  |  | 29 |  |  | 2 |
Other consumer | 35 |  |  | 1 |  |  | 2 |  |  | — |
Total with a Related Allowance Recorded | 1,277 |  |  | 46 |  |  | 2,523 |  |  | 102 |
Without a related allowance recorded: |  |  |  |  |  |  |
Commercial real estate | 6,577 |  |  | 140 |  |  | 7,551 |  |  | 106 |
Commercial and industrial | 11,001 |  |  | 164 |  |  | 7,447 |  |  | 156 |
Commercial construction | 7,222 |  |  | 194 |  |  | 8,498 |  |  | 143 |
Consumer real estate | 11,488 |  |  | 382 |  |  | 11,831 |  |  | 400 |
Other consumer | 33 |  |  | 1 |  |  | 38 |  |  | 1 |
Total without a Related Allowance Recorded | 36,321 |  |  | 881 |  |  | 35,365 |  |  | 806 |
Total: |  |  |  |  |  |  |
Commercial real estate | 6,577 |  |  | 140 |  |  | 7,551 |  |  | 106 |
Commercial and industrial | 12,219 |  |  | 208 |  |  | 9,939 |  |  | 256 |
Commercial construction | 7,222 |  |  | 194 |  |  | 8,498 |  |  | 143 |
Consumer real estate | 11,512 |  |  | 383 |  |  | 11,860 |  |  | 402 |
Other consumer | 68 |  |  | 2 |  |  | 40 |  |  | 1 |
Total | $ | 37,598 |  |  | $ | 927 |  |  | $ | 37,888 |  |  | $ | 908 |
The following tables detail activity in the ALL for the periods presented:
| Three Months Ended September 30, 2017
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Balance at beginning of period | $ | 24,358 |  |  | $ | 9,256 |  |  | $ | 13,944 |  |  | $ | 5,803 |  |  | $ | 1,990 |  |  | $ | 55,351 |
Charge-offs | (37 | ) |  | (644 | ) |  | (1,453 | ) |  | (101 | ) |  | (425 | ) |  | (2,660 | )
Recoveries | 182 |  |  | 243 |  |  | 473 |  |  | 91 |  |  | 182 |  |  | 1,171 |
Net (Charge-offs)/ Recoveries | 145 |  |  | (401 | ) |  | (980 | ) |  | (10 | ) |  | (243 | ) |  | (1,489 | )
Provision for loan losses | 472 |  |  | 859 |  |  | 1,951 |  |  | (262 | ) |  | (170 | ) |  | 2,850 |
Balance at End of Period | $ | 24,975 |  |  | $ | 9,714 |  |  | $ | 14,915 |  |  | $ | 5,531 |  |  | $ | 1,577 |  |  | $ | 56,712 |
| Three Months Ended September 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 | $ | 15,978 |  |  | $ | 14,771 |  |  | $ | 11,701 |  |  | $ | 8,418 |  |  | $ | 1,345 |  |  | $ | 52,213 |
Charge-offs | (93 | ) |  | (414 | ) |  | (163 | ) |  | (369 | ) |  | (461 | ) |  | (1,500 | )
Recoveries | 264 |  |  | 169 |  |  | 17 |  |  | 44 |  |  | 70 |  |  | 564 |
Net (Charge-offs)/ Recoveries | 171 |  |  | (245 | ) |  | (146 | ) |  | (325 | ) |  | (391 | ) |  | (936 | )
Provision for loan losses | 4,244 |  |  | (2,232 | ) |  | 1,356 |  |  | (1,760 | ) |  | 908 |  |  | 2,516 |
Balance at End of Period | $ | 20,393 |  |  | $ | 12,294 |  |  | $ | 12,911 |  |  | $ | 6,333 |  |  | $ | 1,862 |  |  | $ | 53,793 |
| Nine Months Ended September 30, 2017
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Balance at beginning of period | $ | 19,976 |  |  | $ | 10,810 |  |  | $ | 13,999 |  |  | $ | 6,095 |  |  | $ | 1,895 |  |  | $ | 52,775 |
Charge-offs | (2,100 | ) |  | (4,041 | ) |  | (2,097 | ) |  | (1,957 | ) |  | (1,228 | ) |  | (11,423 | )
Recoveries | 415 |  |  | 499 |  |  | 842 |  |  | 270 |  |  | 433 |  |  | 2,459 |
Net (Charge-offs)/Recoveries | (1,685 | ) |  | (3,542 | ) |  | (1,255 | ) |  | (1,687 | ) |  | (795 | ) |  | (8,964 | )
Provision for loan losses | 6,684 |  |  | 2,446 |  |  | 2,171 |  |  | 1,123 |  |  | 477 |  |  | 12,901 |
Balance at End of Period | $ | 24,975 |  |  | $ | 9,714 |  |  | $ | 14,915 |  |  | $ | 5,531 |  |  | $ | 1,577 |  |  | $ | 56,712 |
| Nine Months Ended September 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 | (1,808 | ) |  | (3,244 | ) |  | (1,108 | ) |  | (891 | ) |  | (1,572 | ) |  | (8,623 | )
Recoveries | 662 |  |  | 589 |  |  | 20 |  |  | 342 |  |  | 277 |  |  | 1,890 |
Net (Charge-offs)/Recoveries | (1,146 | ) |  | (2,655 | ) |  | (1,088 | ) |  | (549 | ) |  | (1,295 | ) |  | (6,733 | )
Provision for loan losses | 6,496 |  |  | 4,096 |  |  | 1,374 |  |  | (1,518 | ) |  | 1,931 |  |  | 12,379 |
Balance at End of Period | $ | 20,393 |  |  | $ | 12,294 |  |  | $ | 12,911 |  |  | $ | 6,333 |  |  | $ | 1,862 |  |  | $ | 53,793 |
The following tables present the ALL and recorded investments in loans by category as of the periods presented:
| September 30, 2017
| 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 | $ | — |  |  | $ | 24,975 |  |  | $ | 24,975 |  |  | $ | 6,341 |  |  | $ | 2,675,352 |  |  | $ | 2,681,693 |
Commercial and industrial | 260 |  |  | 9,454 |  |  | 9,714 |  |  | 8,543 |  |  | 1,438,268 |  |  | 1,446,811 |
Commercial construction | — |  |  | 14,915 |  |  | 14,915 |  |  | 5,974 |  |  | 426,913 |  |  | 432,887 |
Consumer real estate | 22 |  |  | 5,509 |  |  | 5,531 |  |  | 11,076 |  |  | 1,178,647 |  |  | 1,189,723 |
Other consumer | 30 |  |  | 1,547 |  |  | 1,577 |  |  | 54 |  |  | 69,590 |  |  | 69,644 |
Total | $ | 312 |  |  | $ | 56,400 |  |  | $ | 56,712 |  |  | $ | 31,988 |  |  | $ | 5,788,770 |  |  | $ | 5,820,758 |
| December 31, 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 | $ | — |  |  | $ | 19,976 |  |  | $ | 19,976 |  |  | $ | 16,352 |  |  | $ | 2,482,124 |  |  | $ | 2,498,476 |
Commercial and industrial | 771 |  |  | 10,039 |  |  | 10,810 |  |  | 6,866 |  |  | 1,394,169 |  |  | 1,401,035 |
Commercial construction | — |  |  | 13,999 |  |  | 13,999 |  |  | 6,613 |  |  | 449,271 |  |  | 455,884 |
Consumer real estate | 26 |  |  | 6,069 |  |  | 6,095 |  |  | 12,079 |  |  | 1,178,093 |  |  | 1,190,172 |
Other consumer | 1 |  |  | 1,894 |  |  | 1,895 |  |  | 25 |  |  | 65,827 |  |  | 65,852 |
Total | $ | 798 |  |  | $ | 51,977 |  |  | $ | 52,775 |  |  | $ | 41,935 |  |  | $ | 5,569,484 |  |  | $ | 5,611,419 |

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