PURCHASE CREDIT IMPAIRED ("PCI") LOANS

Below is a summary of PCI loans by category at June 30, 2015 and December 31, 2014:



	June 30, 2015			December 31, 2014
(in thousands)	Weighted- Average Risk Rating	Recorded Investment PCI Loans		Weighted- Average Risk Rating	Recorded Investment PCI Loans
Commercial and industrial	6.51	$	4,325	6.57	$	4,012
Real estate loans:
Commercial - investor owned	7.00	32,615		7.07	39,066
Commercial - owner occupied	6.37	21,381		6.35	22,695
Construction and land development	6.29	7,412		6.16	7,740
Residential	5.54	21,629		5.54	25,121
Total real estate loans		83,037			94,622
Consumer and other	5.15	282		5.39	469
Purchase credit impaired loans		$	87,644		$	99,103

The aging of the recorded investment in past due PCI loans by portfolio class and category at June 30, 2015 and December 31, 2014 is shown below:



	June 30, 2015
(in thousands)	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
Commercial and industrial	$	—	$	36	$	36	$	4,289	$	4,325
Real estate loans:
Commercial - investor owned	2,184		3,356		5,540		27,075		32,615
Commercial - owner occupied	647		551		1,198		20,183		21,381
Construction and land development	455		—		455		6,957		7,412
Residential	170		988		1,158		20,471		21,629
Consumer and other	9		—		9		273		282
Total	$	3,465	$	4,931	$	8,396	$	79,248	$	87,644



	December 31, 2014
(in thousands)	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
Commercial and industrial	$	—	$	16	$	16	$	3,996	$	4,012
Real estate loans:
Commercial - investor owned	878		6,484		7,362		31,704		39,066
Commercial - owner occupied	—		2,759		2,759		19,936		22,695
Construction and land development	774		—		774		6,966		7,740
Residential	2,020		1,451		3,471		21,650		25,121
Consumer and other	—		12		12		457		469
Total	$	3,672	$	10,722	$	14,394	$	84,709	$	99,103

The following table is a rollforward of PCI loans, net of the allowance for loan losses, for the six months ended June 30, 2015 and 2014.



(in thousands)	Contractual Cashflows			Non-accretable Difference			Accretable Yield			Carrying Amount
Balance December 31, 2014	$	178,145		$	65,719		$	28,733		$	83,693
Principal reductions and interest payments	(13,214		)	—			—			(13,214		)
Accretion of loan discount	—			—			(5,989		)	5,989
Changes in contractual and expected cash flows due to remeasurement	(12,100		)	(26,187		)	5,304			8,783
Reductions due to disposals	(13,831		)	(2,794		)	(1,836		)	(9,201		)
Balance June 30, 2015	$	139,000		$	36,738		$	26,212		$	76,050

Balance December 31, 2013	$	266,068		$	87,438		$	53,530		$	125,100
Principal reductions and interest payments	(18,089		)	—			—			(18,089		)
Accretion of loan discount	—			—			(8,601		)	8,601
Changes in contractual and expected cash flows due to remeasurement	(3,871		)	5			(5,693		)	1,817
Reductions due to disposals	(25,552		)	(5,440		)	(3,648		)	(16,464		)
Balance June 30, 2014	$	218,556		$	82,003		$	35,588		$	100,965

The accretable yield is accreted into interest income over the estimated life of the acquired loans using the effective

yield method.

A summary of activity in the FDIC loss share receivable for the six months ended June 30, 2015 is as follows:



(in thousands)
Balance December 31, 2014	$	15,866
Adjustments not reflected in income:
Cash received from the FDIC for covered assets	(1,574		)
FDIC reimbursable losses, net	(751		)
Adjustments reflected in income:
Amortization, net	215
Loan impairment	(2,589		)
Reductions for payments on covered assets in excess of expected cash flows	(835		)
Balance June 30, 2015	$	10,332

Outstanding customer balances on PCI loans were $117.7 million and $135.3 million as of June 30, 2015, and December 31, 2014, respectively.