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Portfolio Loans (Tables)
 12 Months Ended
Dec. 31, 2014
Non-covered Loans [Line Items]  
Summary of Loans to Executive Officers and Directors
Following is a summary of activity for the years ended December 31, 2014, 2013, and 2012 of loans to executive officers and directors, or to entities in which such individuals had beneficial interests as a shareholder, officer, or director. Such loans were made in the normal course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers and did not involve more than the normal risk of collectability.

(in thousands)
December 31, 2014
 
December 31, 2013
 
December 31, 2012
Balance at beginning of year
$
11,752

 
$
16,875

 
$
13,413

New loans and advances
11,796

 
6,519

 
8,162

Payments and other reductions
(10,035
)
 
(11,642
)
 
(4,700
)
Balance at end of year
$
13,513

 
$
11,752

 
$
16,875
Summary of Past Due and Impaired Loans
The following table presents details for past due and impaired loans:

 
December 31,
(in thousands)
2014
 
2013
 
2012
Total interest income that would have been recognized under original terms
$
1,013

 
$
1,538

 
$
2,736

Total cash received and recognized as interest income on non-accrual loans
118

 
257

 
402

Total interest income recognized on impaired loans
39

 
16

 
461
Non-Covered Loans  
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
Below is a summary of Portfolio loans by category at December 31, 2014 and 2013:
 
(in thousands)
December 31, 2014
 
December 31, 2013
Real estate loans:
 
 
 
    Construction and land development
$
144,773

 
$
117,032

    Commercial - Investor Owned
413,026

 
437,688

    Commercial - Owner Occupied
357,503

 
341,631

    Residential real estate
185,252

 
158,527

Total real estate loans
1,100,554

 
1,054,878

    Commercial and industrial
1,270,259

 
1,041,576

    Consumer and other
62,208

 
39,838

Portfolio loans
2,433,021

 
2,136,292

Unearned loan costs, net
895

 
1,021

    Portfolio loans, including unearned loan costs
$
2,433,916

 
$
2,137,313
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method
A summary of activity in the allowance for loan losses and the recorded investment in Portfolio loans by class and category based on impairment method for the years ended indicated below is as follows:

(in thousands)
Commercial & Industrial
 
Commercial
Real Estate
Owner Occupied
 
Commercial
Real Estate
Investor Owned
 
Construction and Land Development
 
Residential Real Estate
 
Consumer & Other
 
Unallocated
 
Total
Balance at
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
12,246

 
$
4,096

 
$
6,600

 
$
2,136

 
$
2,019

 
$
192

 
$
—

 
$
27,289

Provision charged to expense
6,728

 
(1,027
)
 
(1,847
)
 
(317
)
 
525

 
347

 
—

 
4,409

Losses charged off
(3,738
)
 
(450
)
 
(250
)
 
(905
)
 
(48
)
 
(165
)
 
—

 
(5,556
)
Recoveries
1,768

 
1,006

 
95

 
806

 
334

 
34

 
—

 
4,043

Balance, end of year
$
17,004

 
$
3,625

 
$
4,598

 
$
1,720

 
$
2,830

 
$
408

 
$
—

 
$
30,185

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
10,064

 
$
4,192

 
$
10,403

 
$
5,239

 
$
2,026

 
$
31

 
$
2,375

 
$
34,330

Provision charged to expense
3,810

 
410

 
(94
)
 
(2,695
)
 
107

 
195

 
(2,375
)
 
(642
)
Losses charged off
(3,404
)
 
(550
)
 
(4,441
)
 
(896
)
 
(1,053
)
 
(34
)
 
—

 
(10,378
)
Recoveries
1,776

 
44

 
732

 
488

 
939

 
—

 
—

 
3,979

Balance, end of year
$
12,246

 
$
4,096

 
$
6,600

 
$
2,136

 
$
2,019

 
$
192

 
$
—

 
$
27,289

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
11,945

 
$
6,297

 
$
6,751

 
$
5,847

 
$
3,931

 
$
14

 
$
3,204

 
$
37,989

Provision charged to expense
774

 
1,173

 
6,294

 
3,081

 
(1,751
)
 
15

 
(829
)
 
8,757

Losses charged off
(3,233
)
 
(3,326
)
 
(2,728
)
 
(4,384
)
 
(1,605
)
 
—

 
—

 
(15,276
)
Recoveries
578

 
48

 
86

 
695

 
1,451

 
2

 
—

 
2,860

Balance, end of year
$
10,064

 
$
4,192

 
$
10,403

 
$
5,239

 
$
2,026

 
$
31

 
$
2,375

 
$
34,330



(in thousands)
Commercial & Industrial
 
Commercial
Real Estate
Owner Occupied
 
Commercial
Real Estate
Investor Owned
 
Construction and Land Development
 
Residential Real Estate
 
Consumer & Other
 
Total
Balance at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
704

 
$
286

 
$
—

 
$
352

 
$
1,052

 
$
—

 
$
2,394

Collectively evaluated for impairment
16,300

 
3,339

 
4,598

 
1,368

 
1,778

 
408

 
27,791

Total
$
17,004

 
$
3,625

 
$
4,598

 
$
1,720

 
$
2,830

 
$
408

 
$
30,185

Loans - Ending Balance:
 
 
 
 
 
 
 

 
 
 
 
 
 
Individually evaluated for impairment
$
5,998

 
$
3,384

 
$
5,036

 
$
6,866

 
$
3,082

 
$
—

 
$
24,366

Collectively evaluated for impairment
1,264,261

 
354,119

 
407,990

 
137,907

 
182,170

 
63,103

 
2,409,550

Total
$
1,270,259

 
$
357,503

 
$
413,026

 
$
144,773

 
$
185,252

 
$
63,103

 
$
2,433,916

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
736

 
$
107

 
$
—

 
$
703

 
$
4

 
$
—

 
$
1,550

Collectively evaluated for impairment
11,510

 
3,989

 
6,600

 
1,433

 
2,015

 
192

 
25,739

Total
$
12,246

 
$
4,096

 
$
6,600

 
$
2,136

 
$
2,019

 
$
192

 
$
27,289

Loans - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
3,380

 
$
606

 
$
6,811

 
$
9,484

 
$
559

 
$
—

 
$
20,840

Collectively evaluated for impairment
1,038,196

 
341,025

 
430,877

 
107,548

 
157,968

 
40,859

 
2,116,473

Total
$
1,041,576

 
$
341,631

 
$
437,688

 
$
117,032

 
$
158,527

 
$
40,859

 
$
2,137,313
Summary of Portfolio Loans Individually Evaluated for Impairment and Recorded Investment in Impaired Non-Covered Loans by Category
A summary of Portfolio loans individually evaluated for impairment by category at December 31, 2014 and 2013, is as follows:

 
December 31, 2014
(in thousands)
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance
 
Recorded
Investment
With
Allowance
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment
Commercial & Industrial
$
8,042

 
$
2,609

 
$
3,464

 
$
6,073

 
$
704

 
$
4,136

Real Estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - Owner Occupied
1,376

 
770

 
519

 
1,289

 
286

 
1,281

    Commercial - Investor Owned
5,036

 
—

 
5,187

 
5,187

 
—

 
4,375

    Construction and Land Development
7,961

 
419

 
6,929

 
7,348

 
352

 
7,280

    Residential
3,082

 
2,943

 
150

 
3,093

 
1,052

 
954

Consumer & Other
—

 
—

 
—

 
—

 
—

 
581

Total
$
25,497

 
$
6,741

 
$
16,249

 
$
22,990

 
$
2,394

 
$
18,607


 
December 31, 2013
(in thousands)
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance
 
Recorded
Investment
With
Allowance
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment
Commercial & Industrial
$
4,377

 
$
—

 
$
3,384

 
$
3,384

 
$
736

 
$
6,574

Real Estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - Owner Occupied
606

 
201

 
421

 
622

 
107

 
1,868

    Commercial - Investor Owned
8,033

 
7,190

 
—

 
7,190

 
—

 
11,348

    Construction and Land Development
10,668

 
7,383

 
2,419

 
9,802

 
703

 
5,770

    Residential
559

 
348

 
221

 
569

 
4

 
1,930

Consumer & Other
—

 
—

 
—

 
—

 
—

 
—

Total
$
24,243

 
$
15,122

 
$
6,445

 
$
21,567

 
$
1,550

 
$
27,490
Schedule of Recorded Investment in Impaired Portfolio Loans by Category
The recorded investment in impaired Portfolio loans by category at December 31, 2014 and 2013, is as follows:
 
 
December 31, 2014
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial & Industrial
$
6,073

 
$
—

 
$
—

 
$
6,073

Real Estate:
 
 
 
 
 
 
 
    Commercial - Investor Owned
4,597

 
590

 
—

 
5,187

    Commercial - Owner Occupied
519

 
770

 
—

 
1,289

    Construction and Land Development
7,348

 
—

 
—

 
7,348

    Residential
3,093

 
—

 
—

 
3,093

Consumer & Other
—

 
—

 
—

 
—

       Total
$
21,630

 
$
1,360

 
$
—

 
$
22,990


 
December 31, 2013
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial & Industrial
$
3,384

 
$
—

 
$
—

 
$
3,384

Real Estate:
 
 
 
 
 
 
 
    Commercial - Investor Owned
6,511

 
678

 
—

 
7,189

    Commercial - Owner Occupied
622

 
—

 
—

 
622

    Construction and Land Development
9,802

 
—

 
—

 
9,802

    Residential
569

 
—

 
—

 
569

Consumer & Other
—

 
—

 
—

 
—

       Total
$
20,888

 
$
678

 
$
—

 
$
21,566
Summary of Recorded Investment by for Portfolio Loans Restructured
The recorded investment by category for the Portfolio loans that have been restructured during the years ended December 31, 2014 and 2013, is as follows:

 
Year ended December 31, 2014
 
Year ended December 31, 2013
(in thousands, except for number of loans)
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
 
Number of Loans
 
Pre-Modification Outstanding
Recorded Balance
 
Post-Modification Outstanding
Recorded Balance
Commercial & Industrial
2

 
$
658

 
$
658

 
—

 
$
—

 
$
—

Real Estate:
 
 
 
 
 
 
 
 
 
 
 
     Commercial - Owner Occupied
3

 
1,649

 
1,399

 
1

 
207

 
207

     Commercial - Investor Owned
1

 
603

 
603

 
1

 
678

 
678

    Construction and Land Development
1

 
2,827

 
2,827

 
—

 
—

 
—

     Residential
1

 
125

 
125

 
2

 
2,308

 
2,308

Consumer & Other
—

 
—

 
—

 
—

 
—

 
—

  Total
8

 
$
5,862

 
$
5,612

 
4

 
$
3,193

 
$
3,193
Summary of Recorded Investment by Category for Portfolio Loans Restructured and Subsequently Defaulted
The recorded investment by category for Portfolio loans that have been restructured and subsequently defaulted during 2014 and 2013 is as follows:

 
Year ended December 31, 2014
 
Year ended December 31, 2013
(in thousands, except for number of loans)
Number of Loans
 
Recorded Balance
 
Number of Loans
 
Recorded Balance
Commercial & Industrial
—

 
$
—

 
—

 
$
—

Real Estate:
 
 
 
 
 
 
 
     Commercial - Owner Occupied
—

 
—

 
1

 
192

     Commercial - Investor Owned
—

 
—

 
—

 
—

    Construction and Land Development
1

 
241

 
—

 
—

     Residential
—

 
—

 
2

 
1,579

Consumer & Other
—

 
—

 
—

 
—

  Total
1

 
$
241

 
3

 
$
1,771
Summary of Aging of Recorded Investment in Past Due Portfolio Loans by Portfolio Class and Category
The aging of the recorded investment in past due Portfolio loans by portfolio class and category at December 31, 2014 and 2013 is shown below.

 
December 31, 2014
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial & Industrial
$
3,059

 
$
232

 
$
3,291

 
$
1,266,968

 
$
1,270,259

    Real Estate:
 
 
 
 
 
 
 
 
 
       Commercial - Owner Occupied
766

 
496

 
1,262

 
356,241

 
357,503

       Commercial - Investor Owned
261

 
4,450

 
4,711

 
408,315

 
413,026

       Construction and Land Development
702

 
2,524

 
3,226

 
141,547

 
144,773

       Residential
168

 
—

 
168

 
185,084

 
185,252

    Consumer & Other
8

 
—

 
8

 
63,095

 
63,103

          Total
$
4,964

 
$
7,702

 
$
12,666

 
$
2,421,250

 
$
2,433,916


 
December 31, 2013
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial & Industrial
$
229

 
$
—

 
$
229

 
$
1,041,347

 
$
1,041,576

    Real Estate:
 
 
 
 
 
 
 
 
 
       Commercial - Owner Occupied
—

 
428

 
428

 
341,203

 
341,631

       Commercial - Investor Owned
—

 
6,132

 
6,132

 
431,556

 
437,688

       Construction and Land Development
464

 
7,344

 
7,808

 
109,224

 
117,032

       Residential
237

 
213

 
450

 
158,077

 
158,527

    Consumer & Other
—

 
—

 
—

 
40,859

 
40,859

          Total
$
930

 
$
14,117

 
$
15,047

 
$
2,122,266

 
$
2,137,313
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The recorded investment by risk category of the Portfolio loans by portfolio class and category at December 31, 2014 and December 31, 2013 is as follows:

 
December 31, 2014
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
    Commercial & Industrial
$
1,167,751

 
$
62,315

 
$
40,193

 
$
—

 
$
1,270,259

    Real Estate:
 
 
 
 
 
 
 
 
 
       Commercial - Owner Occupied
334,347

 
18,025

 
5,131

 
—

 
357,503

       Commercial - Investor Owned
372,818

 
24,088

 
16,120

 
—

 
413,026

       Construction and Land Development
123,260

 
12,993

 
8,520

 
—

 
144,773

       Residential
168,543

 
11,012

 
5,697

 
—

 
185,252

    Consumer & Other
62,711

 
51

 
341

 
—

 
63,103

          Total
$
2,229,430

 
$
128,484

 
$
76,002

 
$
—

 
$
2,433,916


 
December 31, 2013
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
    Commercial & Industrial
$
977,199

 
$
40,265

 
$
23,934

 
$
178

 
$
1,041,576

    Real Estate:
 
 
 
 
 
 
 
 
 
       Commercial - Owner Occupied
306,321

 
26,500

 
8,810

 
—

 
341,631

       Commercial - Investor Owned
368,433

 
42,227

 
27,028

 
—

 
437,688

       Construction and Land Development
87,812

 
17,175

 
11,582

 
463

 
117,032

       Residential
143,613

 
8,240

 
6,674

 
—

 
158,527

    Consumer & Other
40,852

 
3

 
4

 
—

 
40,859

          Total
$
1,924,230

 
$
134,410

 
$
78,032

 
$
641

 
$
2,137,313