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Portfolio Loans (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015, 2014, and 2013 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 collectibility.

(in thousands)
December 31, 2015
 
December 31, 2014
 
December 31, 2013
Balance at beginning of year
$
13,513

 
$
11,752

 
$
16,875

New loans and advances
641

 
11,796

 
6,519

Payments and other reductions
(9,760
)
 
(10,035
)
 
(11,642
)
Balance at end of year
$
4,394

 
$
13,513

 
$
11,752

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

 
December 31,
(in thousands)
2015
 
2014
 
2013
Total interest income that would have been recognized under original terms on impaired loans
$
1,038

 
$
1,013

 
$
1,538

Total cash received and recognized as interest income on impaired loans
226

 
118

 
257

Total interest income recognized on impaired loans still accruing
36

 
39

 
16

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, 2015 and 2014:
 
(in thousands)
December 31, 2015
 
December 31, 2014
Commercial and industrial
$
1,484,327

 
$
1,264,487

Real estate loans:
 
 
 
Commercial - investor owned
428,064

 
396,751

Commercial - owner occupied
342,959

 
344,003

Construction and land development
161,061

 
143,878

Residential
196,498

 
185,252

Total real estate loans
1,128,582

 
1,069,884

Consumer and other
137,537

 
98,650

Portfolio loans
2,750,446

 
2,433,021

Unearned loan fees, net
291

 
895

    Portfolio loans, including unearned loan fees
$
2,750,737

 
$
2,433,916

 
 
 
 
Note: In 2015, the Company redefined certain loan categories by borrower type and purpose of the loan. To conform to the current year classification, the Company reclassified $36.4 million into Consumer and other loans as of December 31, 2014. This includes $5.8 million from C&I, $16.2 million from CRE-investor owned, $13.5 million from CRE-owner occupied, and $0.9 million from Construction and land development.
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 and industrial
 
CRE - investor owned
 
CRE - owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Unallocated
 
Total
Balance at
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
16,983

 
$
4,382

 
$
3,135

 
$
1,715

 
$
2,830

 
$
1,140

 
$

 
$
30,185

Provision (provision reversal)
6,976

 
(303
)
 
(1,626
)
 
(335
)
 
(58
)
 
218

 

 
4,872

Losses charged off
(3,699
)
 
(664
)
 
(38
)
 
(350
)
 
(1,313
)
 
(27
)
 

 
(6,091
)
Recoveries
1,796

 
69

 
1,498

 
674

 
337

 
101

 

 
4,475

Balance, end of year
$
22,056

 
$
3,484


$
2,969


$
1,704


$
1,796


$
1,432


$

 
$
33,441

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
12,246

 
$
6,600

 
$
4,096

 
$
2,136

 
$
2,019

 
$
192

 
$

 
$
27,289

Provision (provision reversal)
6,707

 
(2,063
)
 
(1,517
)
 
(322
)
 
525

 
1,079

 

 
4,409

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

 
(5,556
)
Recoveries
1,768

 
95

 
1,006

 
806

 
334

 
34

 

 
4,043

Balance, end of year
$
16,983

 
$
4,382


$
3,135


$
1,715


$
2,830


$
1,140


$

 
$
30,185

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

 
$
10,403

 
$
4,192

 
$
5,239

 
$
2,026

 
$
31

 
$
2,375

 
$
34,330

Provision (provision reversal)
3,810

 
(94
)
 
410

 
(2,695
)
 
107

 
195

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

 
(10,378
)
Recoveries
1,776

 
732

 
44

 
488

 
939

 

 

 
3,979

Balance, end of year
$
12,246

 
$
6,600

 
$
4,096


$
2,136


$
2,019


$
192


$

 
$
27,289



(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE - owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Balance December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,953

 
$

 
$
6

 
$
369

 
$
7

 
$

 
$
2,335

Collectively evaluated for impairment
20,103

 
3,484

 
2,963

 
1,335

 
1,789

 
1,432

 
31,106

Total
$
22,056

 
$
3,484

 
$
2,969

 
$
1,704

 
$
1,796

 
$
1,432

 
$
33,441

Loans - Ending Balance:
 
 
 
 
 
 
 

 
 
 
 
 
 
Individually evaluated for impairment
$
4,514

 
$
921

 
$
1,962

 
$
2,800

 
$
681

 
$

 
$
10,878

Collectively evaluated for impairment
1,479,813

 
427,143

 
340,997

 
158,261

 
195,817

 
137,828

 
2,739,859

Total
$
1,484,327

 
$
428,064

 
$
342,959

 
$
161,061

 
$
196,498

 
$
137,828

 
$
2,750,737

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
704

 
$

 
$

 
$
352

 
$
1,052

 
$
286

 
$
2,394

Collectively evaluated for impairment
16,279

 
4,382

 
3,135

 
1,363

 
1,778

 
854

 
27,791

Total
$
16,983

 
$
4,382

 
$
3,135

 
$
1,715

 
$
2,830

 
$
1,140

 
$
30,185

Loans - Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,998

 
$
5,036

 
$
2,618

 
$
6,866

 
$
3,082

 
$
766

 
$
24,366

Collectively evaluated for impairment
1,258,489

 
391,715

 
341,385

 
137,012

 
182,170

 
98,779

 
2,409,550

Total
$
1,264,487

 
$
396,751

 
$
344,003

 
$
143,878

 
$
185,252

 
$
99,545

 
$
2,433,916

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, 2015 and 2014, is as follows:

 
December 31, 2015
(in thousands)
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance
 
Recorded
Investment
With
Allowance
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment
Commercial and industrial
$
5,554

 
$
509

 
$
4,204

 
$
4,713

 
$
1,953

 
$
6,970

Real estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
927

 
927

 

 
927

 

 
970

    Commercial - owner occupied
329

 
85

 
113

 
198

 
6

 
301

    Construction and land development
4,349

 
2,914

 
530

 
3,444

 
369

 
3,001

    Residential
705

 
637

 
68

 
705

 
7

 
682

Consumer and other

 

 

 

 

 

Total
$
11,864

 
$
5,072

 
$
4,915

 
$
9,987

 
$
2,335

 
$
11,924


 
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 and industrial
$
8,042

 
$
2,609

 
$
3,464

 
$
6,073

 
$
704

 
$
4,136

Real estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
5,036

 

 
5,187

 
5,187

 

 
4,375

    Commercial - owner occupied
610

 

 
519

 
519

 

 
1,281

    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 and other
766

 
770

 

 
770

 
286

 
581

Total
$
25,497

 
$
6,741

 
$
16,249

 
$
22,990

 
$
2,394

 
$
18,607

Schedule of Recorded Investment in Impaired Portfolio Loans by Category
The recorded investment in impaired Portfolio loans by category at December 31, 2015 and 2014, is as follows:
 
 
December 31, 2015
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial and industrial
$
4,406

 
$
307

 
$

 
$
4,713

Real estate:
 
 
 
 
 
 
 
    Commercial - investor owned
927

 

 

 
927

    Commercial - owner occupied
198

 

 

 
198

    Construction and land development
3,444

 

 

 
3,444

    Residential
705

 

 

 
705

Consumer and other

 

 

 

       Total
$
9,680

 
$
307

 
$

 
$
9,987


 
December 31, 2014
(in thousands)
Non-accrual
 
Restructured
 
Loans over 90 days past due and still accruing interest
 
Total
Commercial and industrial
$
6,073

 
$

 
$

 
$
6,073

Real estate:
 
 
 
 
 
 
 
    Commercial - investor owned
4,597

 
590

 

 
5,187

    Commercial - owner occupied
519

 

 

 
519

    Construction and land development
7,348

 

 

 
7,348

    Residential
3,093

 

 

 
3,093

Consumer and other

 
770

 

 
770

       Total
$
21,630

 
$
1,360

 
$

 
$
22,990

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, 2015 and 2014, is as follows:

 
Year ended December 31, 2015
 
Year ended December 31, 2014
(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 and industrial
1

 
$
303

 
$
303

 
2

 
$
658

 
$
658

Real estate:
 
 
 
 
 
 
 
 
 
 
 
     Commercial - investor owned

 

 

 
1

 
603

 
603

     Commercial - owner occupied

 

 

 
2

 
606

 
606

    Construction and land development

 

 

 
1

 
2,827

 
2,827

     Residential

 

 

 
1

 
125

 
125

Consumer and other

 

 

 
1

 
1,043

 
793

  Total
1

 
$
303

 
$
303

 
8

 
$
5,862

 
$
5,612

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 2015 and 2014 is as follows:

 
Year ended December 31, 2015
 
Year ended December 31, 2014
(in thousands, except for number of loans)
Number of Loans
 
Recorded Balance
 
Number of Loans
 
Recorded Balance
Commercial and industrial

 
$

 

 
$

Real estate:
 
 
 
 
 
 
 
     Commercial - investor owned

 

 

 

     Commercial - owner occupied

 

 

 

    Construction and land development

 

 
1

 
241

     Residential

 

 

 

Consumer and other

 

 

 

  Total

 
$

 
1

 
$
241

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, 2015 and 2014 is shown below.

 
December 31, 2015
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
505

 
$
888

 
$
1,393

 
$
1,482,934

 
$
1,484,327

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
464

 

 
464

 
427,600

 
428,064

Commercial - owner occupied
94

 
184

 
278

 
342,681

 
342,959

Construction and land development
384

 
2,273

 
2,657

 
158,404

 
161,061

Residential
70

 
681

 
751

 
195,747

 
196,498

Consumer and other
20

 

 
20

 
137,808

 
137,828

Total
$
1,537

 
$
4,026

 
$
5,563

 
$
2,745,174

 
$
2,750,737


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

 
$
232

 
$
3,291

 
$
1,261,196

 
$
1,264,487

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
261

 
4,450

 
4,711

 
392,040

 
396,751

Commercial - owner occupied

 
496

 
496

 
343,507

 
344,003

Construction and land development
702

 
2,524

 
3,226

 
140,652

 
143,878

Residential
168

 

 
168

 
185,084

 
185,252

Consumer and other
774

 

 
774

 
98,771

 
99,545

Total
$
4,964

 
$
7,702

 
$
12,666

 
$
2,421,250

 
$
2,433,916

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, 2015 and December 31, 2014 is as follows:

 
December 31, 2015
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
Commercial and industrial
$
1,356,864

 
$
90,370

 
$
37,093

 
$

 
$
1,484,327

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
403,820

 
18,868

 
5,376

 

 
428,064

Commercial - owner occupied
314,791

 
24,727

 
3,441

 

 
342,959

Construction and land development
146,601

 
10,114

 
4,346

 

 
161,061

Residential
188,269

 
5,138

 
3,091

 

 
196,498

Consumer and other
131,060

 
721

 
6,047

 

 
137,828

Total
$
2,541,405

 
$
149,938

 
$
59,394

 
$

 
$
2,750,737


 
December 31, 2014
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Doubtful (9)
 
Total
Commercial and industrial
$
1,161,979

 
$
62,315

 
$
40,193

 
$

 
$
1,264,487

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
361,991

 
18,640

 
16,120

 

 
396,751

Commercial - owner occupied
322,725

 
18,025

 
3,253

 

 
344,003

Construction and land development
122,365

 
12,993

 
8,520

 

 
143,878

Residential
168,543

 
11,012

 
5,697

 

 
185,252

Consumer and other
91,827

 
5,499

 
2,219

 

 
99,545

Total
$
2,229,430

 
$
128,484

 
$
76,002

 
$

 
$
2,433,916