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Loans (Tables) - Portfolio loans, net
 3 Months Ended
Mar. 31, 2018
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
The table below shows the loan portfolio composition including carrying value by segment of loans accounted for at amortized cost, which includes our originated loans, and loans accounted for as PCI. 

(in thousands)

March 31, 2018
 
December 31, 2017
Loans accounted for at amortized cost
$
4,124,239

 
$
4,022,896

Loans accounted for as PCI
66,606

 
74,154

Total loans
$
4,190,845

 
$
4,097,050


The following tables refer to loans not accounted for as PCI loans.

Below is a summary of loans by category at March 31, 2018 and December 31, 2017:
 
(in thousands)
March 31, 2018
 
December 31, 2017
Commercial and industrial
$
1,981,684

 
$
1,918,720

Real estate:
 
 
 
Commercial - investor owned
811,244

 
769,275

Commercial - owner occupied
568,773

 
554,589

Construction and land development
306,824

 
303,091

Residential
328,192

 
341,312

Total real estate loans
2,015,033

 
1,968,267

Consumer and other
128,436

 
137,234

Loans, before unearned loan fees
4,125,153

 
4,024,221

Unearned loan fees, net
(914
)
 
(1,325
)
    Loans, including unearned loan fees
$
4,124,239

 
$
4,022,896
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method
A summary of the activity in the allowance for loan losses and the recorded investment in loans by class and category based on impairment methodology through March 31, 2018, and at December 31, 2017, is as follows:

(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE -
owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
$
26,406

 
$
3,890

 
$
3,308

 
$
1,487

 
$
2,237

 
$
838

 
$
38,166

Provision (provision reversal) for loan losses
780

 
648

 
190

 
35

 
259

 
(41
)
 
1,871

Losses charged off
(732
)
 
—

 
—

 
—

 
(254
)
 
(49
)
 
(1,035
)
Recoveries
956

 
8

 
4

 
206

 
73

 
14

 
1,261

Balance at March 31, 2018
$
27,410

 
$
4,546


$
3,502


$
1,728


$
2,315


$
762


$
40,263


(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE -
owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Balance March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
2,794

 
$
—

 
$
99

 
$
—

 
$
—

 
$
—

 
$
2,893

Collectively evaluated for impairment
24,616

 
4,546

 
3,403

 
1,728

 
2,315

 
762

 
37,370

Total
$
27,410

 
$
4,546


$
3,502


$
1,728


$
2,315


$
762


$
40,263

Loans - Ending balance:
 
 
 
 
 
 
 

 
 
 
 
 
 
Individually evaluated for impairment
$
12,313

 
$
416

 
$
2,198

 
$
—

 
$
1,777

 
$
325

 
$
17,029

Collectively evaluated for impairment
1,969,371

 
810,828

 
566,575

 
306,824

 
326,415

 
127,197

 
4,107,210

Total
$
1,981,684

 
$
811,244


$
568,773


$
306,824


$
328,192


$
127,522


$
4,124,239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
2,508

 
$
—

 
$
71

 
$
—

 
$
—

 
$
—

 
$
2,579

Collectively evaluated for impairment
23,898

 
3,890

 
3,237

 
1,487

 
2,237

 
838

 
35,587

Total
$
26,406

 
$
3,890


$
3,308


$
1,487


$
2,237


$
838


$
38,166

Loans - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
12,665

 
$
422

 
$
1,975

 
$
136

 
$
1,602

 
$
375

 
$
17,175

Collectively evaluated for impairment
1,906,055

 
768,853

 
552,614

 
302,955

 
339,710

 
135,534

 
4,005,721

Total
$
1,918,720

 
$
769,275


$
554,589


$
303,091


$
341,312


$
135,909


$
4,022,896
Summary of Portfolio Loans Individually Evaluated for Impairment and Recorded Investment in Impaired Non-Covered Loans by Category
A summary of nonperforming loans individually evaluated for impairment by category at March 31, 2018 and December 31, 2017, and the income recognized on impaired loans is as follows:

 
March 31, 2018
(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
$
21,353

 
$
2,470

 
$
9,843

 
$
12,313

 
$
2,794

 
$
13,278

Real estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
558

 
416

 
—

 
416

 
—

 
418

    Commercial - owner occupied
755

 
267

 
484

 
751

 
99

 
753

    Construction and land development
—

 
—

 
—

 
—

 
—

 
—

    Residential
2,103

 
1,777

 
—

 
1,777

 
—

 
1,985

Consumer and other
325

 
325

 
—

 
325

 
—

 
341

Total
$
25,094

 
$
5,255


$
10,327


$
15,582


$
2,893


$
16,775


 
December 31, 2017
(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
$
20,750

 
$
2,321

 
$
10,344

 
$
12,665

 
$
2,508

 
$
16,270

Real estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
560

 
422

 
—

 
422

 
—

 
521

    Commercial - owner occupied
487

 
—

 
487

 
487

 
71

 
490

    Construction and land development
441

 
136

 
—

 
136

 
—

 
331

    Residential
1,730

 
1,602

 
—

 
1,602

 
—

 
1,735

Consumer and other
375

 
375

 
—

 
375

 
—

 
375

Total
$
24,343

 
$
4,856


$
10,831


$
15,687


$
2,579


$
19,722



 
Three months ended March 31,
(in thousands)
2018
 
2017
Total interest income that would have been recognized under original terms
$
534

 
$
315

Total cash received and recognized as interest income on non-accrual loans
11

 
23

Total interest income recognized on accruing, impaired loans
11

 
33

The recorded investment in nonperforming loans by category at March 31, 2018 and December 31, 2017, is as follows: 
 
March 31, 2018
(in thousands)
Non-accrual
 
Restructured, not on non-accrual
 
Total
Commercial and industrial
$
11,589

 
$
724

 
$
12,313

Real estate:
 
 
 
 
 
    Commercial - investor owned
416

 
—

 
416

    Commercial - owner occupied
751

 
—

 
751

    Construction and land development
—

 
—

 
—

    Residential
1,777

 
—

 
1,777

Consumer and other
325

 
—

 
325

       Total
$
14,858

 
$
724


$
15,582


 
December 31, 2017
(in thousands)
Non-accrual
 
Restructured, not on non-accrual
 
Total
Commercial and industrial
$
11,946

 
$
719

 
$
12,665

Real estate:
 
 
 
 
 
    Commercial - investor owned
422

 
—

 
422

    Commercial - owner occupied
487

 
—

 
487

    Construction and land development
136

 
—

 
136

    Residential
1,602

 
—

 
1,602

Consumer and other
375

 
—

 
375

       Total
$
14,968

 
$
719

 
$
15,687
Summary of Recorded Investment by Category for Portfolio Loans Restructured

Summary of Recorded Investment by Category for Portfolio Loans Restructured and Subsequently Defaulted
As of March 31, 2018, the Company had $1.9 million in specific reserves allocated to $8.1 million of loans that have been restructured. During the three months ended March 31, 2018 and 2017, there were no portfolio loans that subsequently defaulted.

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 loans by portfolio class and category at March 31, 2018 and December 31, 2017 is shown below.

 
March 31, 2018
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
3,669

 
$
5,150

 
$
8,819

 
$
1,972,865

 
$
1,981,684

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
—

 
—

 
—

 
811,244

 
811,244

Commercial - owner occupied
945

 
—

 
945

 
567,828

 
568,773

Construction and land development
497

 
—

 
497

 
306,327

 
306,824

Residential
401

 
1,026

 
1,427

 
326,765

 
328,192

Consumer and other
—

 
325

 
325

 
127,197

 
127,522

Total
$
5,512

 
$
6,501


$
12,013


$
4,112,226


$
4,124,239


 
December 31, 2017
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
7,882

 
$
1,770

 
$
9,652

 
$
1,909,068

 
$
1,918,720

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
934

 
—

 
934

 
768,341

 
769,275

Commercial - owner occupied
—

 
—

 
—

 
554,589

 
554,589

Construction and land development
76

 
—

 
76

 
303,015

 
303,091

Residential
1,529

 
945

 
2,474

 
338,838

 
341,312

Consumer and other
407

 
—

 
407

 
135,502

 
135,909

Total
$
10,828

 
$
2,715


$
13,543


$
4,009,353


$
4,022,896
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The recorded investment by risk category of the loans by portfolio class and category at March 31, 2018, which is based upon the most recent analysis performed, and December 31, 2017 is as follows:

 
March 31, 2018
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Total
Commercial and industrial
$
1,823,444

 
$
99,251

 
$
58,989

 
$
1,981,684

Real estate:
 
 
 
 
 
 
 
Commercial - investor owned
784,937

 
21,371

 
4,936

 
811,244

Commercial - owner occupied
534,493

 
28,834

 
5,446

 
568,773

Construction and land development
295,632

 
10,989

 
203

 
306,824

Residential
317,750

 
2,606

 
7,836

 
328,192

Consumer and other
126,394

 
9

 
1,119

 
127,522

Total
$
3,882,650

 
$
163,060

 
$
78,529

 
$
4,124,239


 
December 31, 2017
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Total
Commercial and industrial
$
1,769,102

 
$
94,002

 
$
55,616

 
$
1,918,720

Real estate:
 
 
 
 
 
 
 
Commercial - investor owned
754,010

 
10,840

 
4,425

 
769,275

Commercial - owner occupied
514,616

 
34,440

 
5,533

 
554,589

Construction and land development
292,766

 
9,983

 
342

 
303,091

Residential
329,742

 
3,648

 
7,922

 
341,312

Consumer and other
134,704

 
10

 
1,195

 
135,909

Total
$
3,794,940

 
$
152,923


$
75,033


$
4,022,896