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Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Schedule of loans, net of unamortized net deferred fees

Loans, net of unamortized net deferred fees, at June 30, 2018 and December 31, 2017 are summarized by type as follows:

		June 30, 2018								December 31, 2017
(dollars in thousands)		Amount				%				Amount				%
Commercial		$	1,467,089				22	%		$	1,375,939				21	%
Income producing - commercial real estate			3,000,386				45	%			3,047,094				48	%
Owner occupied - commercial real estate			852,697				13	%			755,444				12	%
Real estate mortgage - residential			103,415				2	%			104,357				2	%
Construction - commercial and residential			1,087,287				16	%			973,141				15	%
Construction - C&I (owner occupied)			48,480				1	%			58,691				1	%
Home equity			89,539				1	%			93,264				1	%
Other consumer			2,811				—				3,598				—
Total loans			6,651,704				100	%			6,411,528				100	%
Less: allowance for credit losses			(66,609	)							(64,758	)
Net loans		$	6,585,095							$	6,346,770

Schedule of detail activity in the allowance for credit losses by portfolio segment

The following tables detail activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2018 and 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

						Income Producing - Commercial				Owner Occupied - Commercial				Real Estate Mortgage				Commercial and				Home				Other
(dollars in thousands)		Commercial				Real Estate				Real Estate				Residential				Residential				Equity				Consumer				Total
Three Months Ended June 30, 2018
Allowance for credit losses:
Balance at beginning of period		$	13,358			$	26,468			$	5,471			$	734			$	18,742			$	699			$	335			$	65,807
Loans charged-off			(408	)			—				—				—				(517	)			—				—				(925	)
Recoveries of loans previously charged-off			23				2				1				1				35				10				5				77
Net loans (charged-off) recoveries			(385	)			2				1				1				(482	)			10				5				(848	)
Provision for credit losses			(767	)			1,518				531				22				391				(36	)			(9	)			1,650
Ending balance		$	12,206			$	27,988			$	6,003			$	757			$	18,651			$	673			$	331			$	66,609
Six Months Ended June 30, 2018
Allowance for credit losses:
Balance at beginning of period		$	13,102			$	25,376			$	5,934			$	944			$	18,492			$	770			$	140			$	64,758
Loans charged-off			(1,261	)			(121	)			(132	)			—				(517	)			—				—				(2,031	)
Recoveries of loans previously charged-off			26				2				2				3				95				127				8				263
Net loans (charged-off) recoveries			(1,235	)			(119	)			(130	)			3				(422	)			127				8				(1,768	)
Provision for credit losses			339				2,731				199				(190	)			581				(224	)			183				3,619
Ending balance		$	12,206			$	27,988			$	6,003			$	757			$	18,651			$	673			$	331			$	66,609
As of June 30, 2018
Allowance for credit losses:
Individually evaluated for impairment		$	4,506			$	3,543			$	500			$	—			$	—			$	—			$	80			$	8,629
Collectively evaluated for impairment			7,700				24,445				5,503				757				18,651				673				251				57,980
Ending balance		$	12,206			$	27,988			$	6,003			$	757			$	18,651			$	673			$	331			$	66,609
Three Months Ended June 30, 2017
Allowance for credit losses:
Balance at beginning of period		$	14,583			$	21,384			$	4,026			$	1,106			$	17,356			$	1,088			$	305			$	59,848
Loans charged-off			—				(970	)			—				—				—				—				(3	)			(973	)
Recoveries of loans previously charged-off			255				—				1				1				342				2				5				606
Net loans (charged-off) recoveries			255				(970	)			1				1				342				2				2				(367	)
Provision for credit losses			(613	)			2,894				162				(26	)			(971	)			126				(6	)			1,566
Ending balance		$	14,225			$	23,308			$	4,189			$	1,081			$	16,727			$	1,216			$	301			$	61,047
Six Months Ended June 30, 2017
Allowance for credit losses:
Balance at beginning of period		$	14,700			$	21,105			$	4,010			$	1,284			$	16,487			$	1,328			$	160			$	59,074
Loans charged-off			(137	)			(1,470	)			—				—				—				—				(66	)			(1,673	)
Recoveries of loans previously charged-off			268				50				2				3				345				3				12				683
Net loans (charged-off) recoveries			131				(1,420	)			2				3				345				3				(54	)			(990	)
Provision for credit losses			(606	)			3,623				177				(206	)			(105	)			(115	)			195				2,963
Ending balance		$	14,225			$	23,308			$	4,189			$	1,081			$	16,727			$	1,216			$	301			$	61,047
As of June 30, 2017
Allowance for credit losses:
Individually evaluated for impairment		$	3,070			$	2,013			$	350			$	—			$	350			$	90			$	52			$	5,925
Collectively evaluated for impairment			11,155				21,295				3,839				1,081				16,377				1,126				249				55,122
Ending balance		$	14,225			$	23,308			$	4,189			$	1,081			$	16,727			$	1,216			$	301			$	61,047

Schedule of recorded investments in loans related to each balance in the allowance for loan losses by portfolio segment

The Company’s recorded investments in loans as of June 30, 2018 and December 31, 2017 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:

						Income Producing - Commercial				Owner Occupied - Commercial				Real Estate Mortgage				Construction - Commercial and				Home				Other
(dollars in thousands)		Commercial				Real Estate				Real Estate				Residential				Residential				Equity				Consumer				Total
June 30, 2018
Recorded investment in loans:
Individually evaluated for impairment		$	13,909			$	9,470			$	7,441			$	1,686			$	4,190			$	494			$	91			$	37,281
Collectively evaluated for impairment			1,453,180				2,990,916				845,256				101,729				1,131,577				89,045				2,720				6,614,423
Ending balance		$	1,467,089			$	3,000,386			$	852,697			$	103,415			$	1,135,767			$	89,539			$	2,811			$	6,651,704
December 31, 2017
Recorded investment in loans:
Individually evaluated for impairment		$	8,726			$	10,192			$	5,501			$	478			$	4,709			$	494			$	91			$	30,191
Collectively evaluated for impairment			1,367,213				3,036,902				749,943				103,879				1,027,123				92,770				3,507				6,381,337
Ending balance		$	1,375,939			$	3,047,094			$	755,444			$	104,357			$	1,031,832			$	93,264			$	3,598			$	6,411,528

Schedule of loans by class and credit quality indicators

The following table presents by class and by credit quality indicator, the recorded investment in the Company’s loans and leases as of June 30, 2018 and December 31, 2017.

						Watch and												Total
(dollars in thousands)		Pass				Special Mention				Substandard				Doubtful				Loans
June 30, 2018
Commercial		$	1,425,622			$	27,558			$	13,909			$	—			$	1,467,089
Income producing - commercial real estate			2,987,999				2,917				9,470				—				3,000,386
Owner occupied - commercial real estate			808,947				36,309				7,441				—				852,697
Real estate mortgage - residential			101,080				649				1,686				—				103,415
Construction - commercial and residential			1,114,842				16,735				4,190				—				1,135,767
Home equity			88,359				686				494				—				89,539
Other consumer			2,719				1				91				—				2,811
Total		$	6,529,568			$	84,855			$	37,281			$	—			$	6,651,704
December 31, 2017
Commercial		$	1,333,050			$	34,163			$	8,726			$	—			$	1,375,939
Income producing - commercial real estate			3,033,046				3,856				10,192				—				3,047,094
Owner occupied - commercial real estate			696,754				53,189				5,501				—				755,444
Real estate mortgage - residential			103,220				659				478				—				104,357
Construction - commercial and residential			1,027,123				—				4,709				—				1,031,832
Home equity			92,084				686				494				—				93,264
Other consumer			3,505				2				91				—				3,598
Total		$	6,288,782			$	92,555			$	30,191			$	—			$	6,411,528

Schedule of information related to nonaccrual loans by class

The following table presents, by class of loan, information related to nonaccrual loans as of June 30, 2018 and December 31, 2017.

(dollars in thousands)		June 30, 2018				December 31, 2017
Commercial		$	3,059			$	3,493
Income producing - commercial real estate			186				832
Owner occupied - commercial real estate			5,071				5,501
Real estate mortgage - residential			1,975				775
Construction - commercial and residential			—				2,052
Home equity			494				494
Other consumer			91				91
Total nonaccrual loans (1)(2)		$	10,876			$	13,238

(1) Excludes troubled debt restructurings (“TDRs”) that were performing under their restructured terms totaling $15.1 million at June 30, 2018 and $12.3 million at December 31, 2017.

(2) Gross interest income of $321 thousand and $626 thousand would have been recorded for the six months ended June 30, 2018 and 2017, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while the interest actually recorded on such loans was $6 thousand and $24 thousand for the six months ended June 30, 2018 and 2017, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

Schedule by class of loan, an aging analysis and the recorded investments in loans past due

The following table presents, by class of loan, an aging analysis and the recorded investments in loans past due as of June 30, 2018 and December 31, 2017.

		Loans				Loans				Loans												Total Recorded
		30-59 Days				60-89 Days				90 Days or				Total Past				Current				Investment in
(dollars in thousands)		Past Due				Past Due				More Past Due				Due Loans				Loans				Loans
June 30, 2018
Commercial		$	6,356			$	1,532			$	3,059			$	10,947			$	1,456,142			$	1,467,089
Income producing - commercial real estate			161				4,115				186				4,462				2,995,924				3,000,386
Owner occupied - commercial real estate			1,906				3,189				5,071				10,166				842,531				852,697
Real estate mortgage - residential			—				4,188				1,975				6,163				97,252				103,415
Construction - commercial and residential			761				9,898				—				10,659				1,125,108				1,135,767
Home equity			81				137				494				712				88,827				89,539
Other consumer			2				—				91				93				2,718				2,811
Total		$	9,267			$	23,059			$	10,876			$	43,202			$	6,608,502			$	6,651,704
December 31, 2017
Commercial		$	2,705			$	748			$	3,493			$	6,946			$	1,368,993			$	1,375,939
Income producing - commercial real estate			4,398				6,930				832				12,160				3,034,934				3,047,094
Owner occupied - commercial real estate			522				3,906				5,501				9,929				745,515				755,444
Real estate mortgage - residential			6,993				1,244				775				9,012				95,345				104,357
Construction - commercial and residential			—				5,268				2,052				7,320				1,024,512				1,031,832
Home equity			307				—				494				801				92,463				93,264
Other consumer			45				6				91				142				3,456				3,598
Total		$	14,970			$	18,102			$	13,238			$	46,310			$	6,365,218			$	6,411,528

Schedule of impaired loans

The following table presents, by class of loan, information related to impaired loans for the periods ended June 30, 2018 and December 31, 2017.

		Unpaid Contractual				Recorded Investment				Recorded Investment				Total								Average Recorded Investment								Interest Income Recognized
		Principal				With No				With				Recorded				Related				Quarter				Year				Quarter				Year
(dollars in thousands)		Balance				Allowance				Allowance				Investment				Allowance				To Date				To Date				To Date				To Date
June 30, 2018
Commercial		$	8,116			$	—			$	7,997			$	7,997			$	4,506			$	6,411			$	6,116			$	19			$	39
Income producing - commercial real estate			9,324				—				9,324				9,324				3,543				9,286				9,539				121				241
Owner occupied - commercial real estate			6,118				—				6,118				6,118				500				6,275				6,382				13				24
Real estate mortgage – residential			1,975				1,975				—				1,975				—				1,860				1,498				2				2
Construction - commercial and residential			—				—				—				—				—				1,026				1,368				—				—
Home equity			494				494				—				494				—				494				494				—				—
Other consumer			91				—				91				91				80				91				91				—				—
Total		$	26,118			$	2,469			$	23,530			$	25,999			$	8,629			$	25,443			$	25,488			$	155			$	306
December 31, 2017
Commercial		$	5,644			$	1,777			$	3,748			$	5,525			$	3,259			$	5,764			$	5,765			$	48			$	145
Income producing - commercial real estate			10,044				781				9,263				10,044				2,380				10,068				10,127				120				493
Owner occupied - commercial real estate			6,596				1,095				5,501				6,596				1,382				6,743				5,210				27				73
Real estate mortgage – residential			775				775				—				775				—				538				423				17				17
Construction - commercial and residential			2,052				1,534				518				2,052				500				3,491				3,731				(14	)			—
Home equity			494				494				—				494				—				544				346				—				2
Other consumer			91				—				91				91				80				92				93				—				—
Total		$	25,696			$	6,456			$	19,121			$	25,577			$	7,601			$	27,240			$	25,695			$	198			$	730

Schedule of loans modified in troubled debt restructurings

The following table presents by class, the recorded investment of loans modified in TDRs held by the Company for the periods ended June 30, 2018 and December 31, 2017.

		For the Six Months Ended June 30, 2018
										Income Producing -				Owner Occupied -				Construction -
(dollars in thousands)		Number of Contracts				Commercial				Commercial Real Estate				Commercial Real Estate				Commercial Real Estate				Total
Troubled debt restructurings
Restructured accruing			9			$	4,938			$	9,138			$	1,047			$	—			$	15,123
Restructured nonaccruing			4				1,211				—				—				—				1,211
Total			13			$	6,149			$	9,138			$	1,047			$	—			$	16,334
Specific allowance						$	2,000			$	3,500			$	—			$	—			$	5,500
Restructured and subsequently defaulted						$	—			$	937			$	—			$	—			$	937

		For the Year Ended December 31, 2017
										Income Producing -				Owner Occupied -				Construction -
(dollars in thousands)		Number of Contracts				Commercial				Commercial Real Estate				Commercial Real Estate				Commercial Real Estate				Total
Troubled debt restructings
Restructured accruing			9			$	2,032			$	9,212			$	1,095			$	—			$	12,339
Restructured nonaccruing			5				867				121				—				—				988
Total			14			$	2,899			$	9,333			$	1,095			$	—			$	13,327
Specific allowance						$	595			$	2,350			$	—			$	—			$	2,945
Restructured and subsequently defaulted						$	237			$	—			$	—			$	—			$	237

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Schedule of recorded investments in loans a related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company's impairment methodology

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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