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Loans (Tables) - Portfolio loans, net
 6 Months Ended
Jun. 30, 2018
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
The table below shows the loan portfolio composition including carrying value categorized by loans accounted for at amortized cost, which includes our originated loans, and by loans accounted for as PCI. 

(in thousands)

June 30, 2018
 
December 31, 2017
Loans accounted for at amortized cost
$
4,214,996

 
$
4,022,896

Loans accounted for as PCI
60,765

 
74,154

Total loans
$
4,275,761

 
$
4,097,050


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

Below is a summary of loans by category at June 30, 2018 and December 31, 2017:
 
(in thousands)
June 30, 2018
 
December 31, 2017
Commercial and industrial
$
2,038,040

 
$
1,918,720

Real estate:
 
 
 
Commercial - investor owned
819,427

 
769,275

Commercial - owner occupied
593,138

 
554,589

Construction and land development
300,117

 
303,091

Residential
318,055

 
341,312

Total real estate loans
2,030,737

 
1,968,267

Consumer and other
147,304

 
137,234

Loans, before unearned loan fees
4,216,081

 
4,024,221

Unearned loan fees, net
(1,085
)
 
(1,325
)
    Loans, including unearned loan fees
$
4,214,996

 
$
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 June 30, 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

Provision (provision reversal) for loan losses
2,852

 
5

 
340

 
(206
)
 
(573
)
 
(33
)
 
2,385

Losses charged off
(956
)
 
—

 
—

 
—

 
(38
)
 
(33
)
 
(1,027
)
Recoveries
118

 
10

 
3

 
168

 
59

 
28

 
386

Balance at June 30, 2018
$
29,424

 
$
4,561


$
3,845


$
1,690


$
1,763


$
724

—

$
42,007


(in thousands)
Commercial and industrial
 
CRE - investor owned
 
CRE -
owner occupied
 
Construction and land development
 
Residential real estate
 
Consumer and other
 
Total
Balance June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
3,667

 
$
—

 
$
219

 
$
—

 
$
—

 
$
—

 
$
3,886

Collectively evaluated for impairment
25,757

 
4,561

 
3,626

 
1,690

 
1,763

 
724

 
38,121

Total
$
29,424

 
$
4,561


$
3,845


$
1,690


$
1,763


$
724


$
42,007

Loans - Ending balance:
 
 
 
 
 
 
 

 
 
 
 
 
 
Individually evaluated for impairment
$
11,226

 
$
410

 
$
2,150

 
$
435

 
$
1,669

 
$
318

 
$
16,208

Collectively evaluated for impairment
2,026,814

 
819,017

 
590,988

 
299,682

 
316,386

 
145,901

 
4,198,788

Total
$
2,038,040

 
$
819,427


$
593,138


$
300,117


$
318,055


$
146,219


$
4,214,996

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 June 30, 2018 and December 31, 2017, and the income recognized on impaired loans is as follows:

 
June 30, 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
$
20,915

 
$
1,900

 
$
9,326

 
$
11,226

 
$
3,667

 
$
12,591

Real estate:
 
 
 
 
 
 
 
 
 
 
 
    Commercial - investor owned
557

 
410

 
—

 
410

 
—

 
415

    Commercial - owner occupied
751

 
259

 
484

 
743

 
219

 
750

    Construction and land development
444

 
435

 
—

 
435

 
—

 
494

    Residential
1,835

 
1,669

 
—

 
1,669

 
—

 
1,688

Consumer and other
332

 
318

 
—

 
318

 
—

 
333

Total
$
24,834

 
$
4,991


$
9,810


$
14,801


$
3,886


$
16,271


 
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 June 30,
 
Six months ended June 30,
(in thousands)
2018
 
2017
 
2018
 
2017
Total interest income that would have been recognized under original terms
$
467

 
$
340

 
$
1,001

 
$
655

Total cash received and recognized as interest income on non-accrual loans
78

 
16

 
89

 
39

Total interest income recognized on accruing, impaired loans
13

 
14

 
23

 
47

The recorded investment in nonperforming loans by category at June 30, 2018 and December 31, 2017, is as follows: 
 
June 30, 2018
(in thousands)
Non-accrual
 
Restructured, not on non-accrual
 
Total
Commercial and industrial
$
10,593

 
$
633

 
$
11,226

Real estate:
 
 
 
 
 
    Commercial - investor owned
410

 
—

 
410

    Commercial - owner occupied
743

 
—

 
743

    Construction and land development
435

 
—

 
435

    Residential
1,669

 
—

 
1,669

Consumer and other
318

 
—

 
318

       Total
$
14,168

 
$
633


$
14,801


 
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 June 30, 2018, the Company had $2.0 million in specific reserves allocated to $7.9 million of loans that have been restructured. During the three and six months ended June 30, 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 June 30, 2018 and December 31, 2017 is shown below.

 
June 30, 2018
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
2,180

 
$
8,070

 
$
10,250

 
$
2,027,790

 
$
2,038,040

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
1,141

 
—

 
1,141

 
818,286

 
819,427

Commercial - owner occupied
958

 
484

 
1,442

 
591,696

 
593,138

Construction and land development
—

 
—

 
—

 
300,117

 
300,117

Residential
895

 
1,031

 
1,926

 
316,129

 
318,055

Consumer and other
—

 
—

 
—

 
146,219

 
146,219

Total
$
5,174

 
$
9,585


$
14,759


$
4,200,237


$
4,214,996


 
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 June 30, 2018, which is based upon the most recent analysis performed, and December 31, 2017 is as follows:

 
June 30, 2018
(in thousands)
Pass (1-6)
 
Watch (7)
 
Substandard (8)
 
Total
Commercial and industrial
$
1,853,440

 
$
128,087

 
$
56,513

 
$
2,038,040

Real estate:
 
 
 
 
 
 
 
Commercial - investor owned
785,920

 
28,442

 
5,065

 
819,427

Commercial - owner occupied
537,740

 
49,926

 
5,472

 
593,138

Construction and land development
289,263

 
10,301

 
553

 
300,117

Residential
307,727

 
2,859

 
7,469

 
318,055

Consumer and other
145,289

 
612

 
318

 
146,219

Total
$
3,919,379

 
$
220,227

 
$
75,390

 
$
4,214,996


 
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