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Loans (Tables)
 9 Months Ended
Sep. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]  
Summary of Loan Portfolio
The following table shows the Company’s loan portfolio by category as of the dates shown:
 
September 30,
 
December 31,
 
September 30,
(Dollars in thousands)
2015
 
2014
 
2014
Balance:
 
 
 
 
 
Commercial
$
4,400,185

 
$
3,924,394

 
$
3,689,671

Commercial real estate
5,307,566

 
4,505,753

 
4,510,375

Home equity
797,465

 
716,293

 
720,058

Residential real estate
571,743

 
483,542

 
470,319

Premium finance receivables—commercial
2,407,075

 
2,350,833

 
2,377,892

Premium finance receivables—life insurance
2,700,275

 
2,277,571

 
2,134,405

Consumer and other
131,902

 
151,012

 
149,339

Total loans, net of unearned income, excluding covered loans
$
16,316,211

 
$
14,409,398

 
$
14,052,059

Covered loans
168,609

 
226,709

 
254,605

Total loans
$
16,484,820

 
$
14,636,107

 
$
14,306,664

Mix:
 
 
 
 
 
Commercial
27
%
 
26
%
 
26
%
Commercial real estate
32

 
31

 
31

Home equity
5

 
5

 
5

Residential real estate
3

 
3

 
3

Premium finance receivables—commercial
15

 
16

 
17

Premium finance receivables—life insurance
16

 
16

 
15

Consumer and other
1

 
1

 
1

Total loans, net of unearned income, excluding covered loans
99
%
 
98
%
 
98
%
Covered loans
1

 
2

 
2

Total loans
100
%
 
100
%
 
100
%
Schedule of Unpaid Principal Balance and Carrying Value of Acquired Loans
The following table presents the unpaid principal balance and carrying value for these acquired loans:
 
September 30, 2015
 
December 31, 2014
 
Unpaid
Principal
 
Carrying
 
Unpaid
Principal
 
Carrying
(Dollars in thousands)
Balance
 
Value
 
Balance
 
Value
Bank acquisitions
$
356,615

 
$
295,801

 
$
285,809

 
$
227,229

Life insurance premium finance loans acquisition
378,040

 
373,586

 
399,665

 
393,479
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
The following table provides estimated details as of the date of acquisition on loans acquired in 2015 with evidence of credit quality deterioration since origination:
(Dollars in thousands)
North Bank
 
CBWGE
 
Suburban
 
Delavan
Contractually required payments including interest
$
8,563

 
$
38,656

 
$
95,804

 
$
15,791

Less: Nonaccretable difference
1,027

 
4,437

 
13,888

 
1,442

   Cash flows expected to be collected (1)  
7,536

 
34,219

 
81,916

 
14,349

Less: Accretable yield
866

 
2,895

 
5,334

 
898

    Fair value of PCI loans acquired
6,670

 
31,324

 
76,582

 
13,451


(1) Represents undiscounted expected principal and interest cash at acquisition.
Activity Related to Accretable Yield of Loans Acquired With Evidence of Credit Quality Deterioratio Since Origination
The following table provides activity for the accretable yield of PCI loans:

Three Months Ended
 
Nine Months Ended
(Dollars in thousands)
September 30,
2015

September 30,
2014

September 30,
2015

September 30,
2014
Accretable yield, beginning balance
$
63,643

 
$
97,281

 
$
79,102

 
$
115,909

Acquisitions
9,095

 
—

 
9,993

 
—

Accretable yield amortized to interest income
(5,939
)
 
(7,847
)
 
(18,359
)
 
(28,438
)
Accretable yield amortized to indemnification asset (1)
(3,280
)
 
(8,784
)
 
(10,945
)
 
(25,593
)
Reclassification from non-accretable difference (2)
2,298

 
2,584

 
5,154

 
29,092

Increases (decreases) in interest cash flows due to payments and changes in interest rates
(610
)
 
4,675

 
262

 
(3,061
)
Accretable yield, ending balance (3)
$
65,207

 
$
87,909

 
$
65,207

 
$
87,909


(1)
Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset.
(2)
Reclassification is the result of subsequent increases in expected principal cash flows.
(3)
As of September 30, 2015, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $10.0 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.