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Loans and Credit Quality (Tables)
 9 Months Ended
Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Accretable Yield on Purchased Credit Impaired Loans
The following table summarizes the accretable yield on the PCI loans acquired in the CapitalSource Inc. merger as of April 7, 2014:
 
April 7, 2014
Accretable Yield
 
(In thousands)
Undiscounted contractual cash flows
$
227,688

Undiscounted cash flows not expected to be collected (nonaccretable difference)
(134,726
)
Undiscounted cash flows expected to be collected
92,962

Estimated fair value of PCI loans acquired
(79,234
)
Accretable yield
$
13,728
Schedule Of Composition of Loans Portfolio
The following table summarizes the composition of our loan and lease portfolio as of the dates indicated:
 
September 30, 2014
 
December 31, 2013
 
Non-PCI
 
 
 
 
 
Non-PCI
 
 
 
 
 
Loans
 
PCI
 
 
 
Loans
 
PCI
 
 
 
and Leases
 
Loans
 
Total
 
and Leases
 
Loans
 
Total
 
(In thousands)
Real estate mortgage
$
5,406,371

 
$
314,919

 
$
5,721,290

 
$
2,424,864

 
$
371,134

 
$
2,795,998

Real estate construction
285,109

 
8,208

 
293,317

 
209,090

 
10,427

 
219,517

Commercial
5,440,144

 
27,961

 
5,468,105

 
1,241,776

 
974

 
1,242,750

Consumer
108,340

 
343

 
108,683

 
54,809

 
261

 
55,070

Total gross loans and leases
11,239,964

 
351,431

 
11,591,395

 
3,930,539

 
382,796

 
4,313,335

Deferred fees and costs
(16,458
)
 
(52
)
 
(16,510
)
 
(983
)
 
—

 
(983
)
Total loans and leases, net of unearned income
11,223,506

 
351,379

 
11,574,885

 
3,929,556

 
382,796

 
4,312,352

Allowance for loan and lease losses
(63,084
)
 
(18,815
)
 
(81,899
)
 
(60,241
)
 
(21,793
)
 
(82,034
)
Total net loans and leases
$
11,160,422

 
$
332,564

 
$
11,492,986

 
$
3,869,315

 
$
361,003

 
$
4,230,318
Allowance for Loan Losses
The following tables present a summary of the activity in the allowance for loan and lease losses on Non‑PCI loans and leases by portfolio segment and PCI loans for the periods indicated:
 
Three Months Ended September 30, 2014
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
22,276

 
$
4,302

 
$
35,530

 
$
3,415

 
$
65,523

 
$
16,626

 
$
82,149

Charge-offs
(395
)
 
—

 
(7,282
)
 
(171
)
 
(7,848
)
 
(108
)
 
(7,956
)
Recoveries
1,312

 
24

 
337

 
52

 
1,725

 
—

 
1,725

Provision (negative provision)
3,810

 
1,591

 
422

 
(2,139
)
 
3,684

 
2,297

 
5,981

Balance, end of period
$
27,003

 
$
5,917

 
$
29,007

 
$
1,157

 
$
63,084

 
$
18,815

 
$
81,899


 
Nine Months Ended September 30, 2014
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
26,078

 
$
4,298

 
$
26,921

 
$
2,944

 
$
60,241

 
$
21,793

 
$
82,034

Charge-offs
(976
)
 
—

 
(9,049
)
 
(203
)
 
(10,228
)
 
(4,712
)
 
(14,940
)
Recoveries
1,949

 
112

 
1,301

 
294

 
3,656

 
51

 
3,707

Provision (negative provision)
(48
)
 
1,507

 
9,834

 
(1,878
)
 
9,415

 
1,683

 
11,098

Balance, end of period
$
27,003

 
$
5,917

 
$
29,007

 
$
1,157

 
$
63,084

 
$
18,815

 
$
81,899

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,568

 
$
119

 
$
7,654

 
$
34

 
$
9,375

 
 
 
 
Collectively evaluated for impairment
$
25,435

 
$
5,798

 
$
21,353

 
$
1,123

 
$
53,709

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
18,815

 
 
Loan and Leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
5,398,244

 
$
283,067

 
$
5,433,787

 
$
108,408

 
$
11,223,506

 
$
351,379

 
$
11,574,885

The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
59,729

 
$
12,692

 
$
47,180

 
$
3,655

 
$
123,256

 
 
 
 
Collectively evaluated for impairment
$
5,338,515

 
$
270,375

 
$
5,386,607

 
$
104,753

 
$
11,100,250

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
351,379

 
 
 
Three Months Ended September 30, 2013
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
31,804

 
$
3,432

 
$
26,343

 
$
1,667

 
$
63,246

 
$
27,397

 
$
90,643

Charge-offs
(281
)
 
—

 
(2,439
)
 
(75
)
 
(2,795
)
 
—

 
(2,795
)
Recoveries
152

 
179

 
324

 
15

 
670

 
5

 
675

Provision (negative provision)
(2,069
)
 
(66
)
 
1,233

 
332

 
(570
)
 
(4,167
)
 
(4,737
)
Balance, end of period
$
29,606

 
$
3,545

 
$
25,461

 
$
1,939

 
$
60,551

 
$
23,235

 
$
83,786


 
Nine Months Ended September 30, 2013
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
38,700

 
$
3,221

 
$
22,252

 
$
1,726

 
$
65,899

 
$
26,069

 
$
91,968

Charge-offs
(3,840
)
 
—

 
(4,631
)
 
(111
)
 
(8,582
)
 
—

 
(8,582
)
Recoveries
1,665

 
514

 
2,028

 
57

 
4,264

 
38

 
4,302

Provision (negative provision)
(6,919
)
 
(190
)
 
5,812

 
267

 
(1,030
)
 
(2,872
)
 
(3,902
)
Balance, end of period
$
29,606

 
$
3,545

 
$
25,461

 
$
1,939

 
$
60,551

 
$
23,235

 
$
83,786

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
3,225

 
$
103

 
$
6,147

 
$
240

 
$
9,715

 
 
 
 
Collectively evaluated for impairment
$
26,381

 
$
3,442

 
$
19,314

 
$
1,699

 
$
50,836

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
23,235

 
 
Loan and Leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,548,932

 
$
188,872

 
$
1,178,923

 
$
33,909

 
$
3,950,636

 
$
432,757

 
$
4,383,393

The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
90,329

 
$
14,878

 
$
25,083

 
$
792

 
$
131,082

 
 
 
 
Collectively evaluated for impairment
$
2,458,603

 
$
173,994

 
$
1,153,840

 
$
33,117

 
$
3,819,554

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
432,757

 
 
CV of Loans Held for Investment by class by performing and nonperforming
The following table presents the credit risk rating categories for Non‑PCI loans and leases by portfolio segment and class as of the dates indicated. Nonclassified loans and leases are those with a credit risk rating of either pass or special mention, while classified loans and leases are those with a credit risk rating of either substandard or doubtful.
 
September 30, 2014
 
December 31, 2013
 
Nonclassified
 
Classified
 
Total
 
Nonclassified
 
Classified
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
504,066

 
$
15,284

 
$
519,350

 
$
168,216

 
$
12,337

 
$
180,553

SBA
344,285

 
7,483

 
351,768

 
39,869

 
5,297

 
45,166

Other
4,430,742

 
96,384

 
4,527,126

 
2,132,109

 
64,279

 
2,196,388

Total real estate mortgage
5,279,093

 
119,151

 
5,398,244

 
2,340,194

 
81,913

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
71,961

 
925

 
72,886

 
58,131

 
750

 
58,881

Commercial
205,258

 
4,923

 
210,181

 
142,607

 
6,291

 
148,898

Total real estate construction
277,219

 
5,848

 
283,067

 
200,738

 
7,041

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
416,759

 
11,818

 
428,577

 
567,643

 
18,838

 
586,481

Unsecured
125,373

 
1,666

 
127,039

 
151,896

 
1,856

 
153,752

Asset-based
1,575,920

 
18,512

 
1,594,432

 
195,569

 
6,859

 
202,428

Cash flow
2,238,196

 
76,002

 
2,314,198

 
—

 
—

 
—

Equipment finance
906,494

 
21,966

 
928,460

 
272,851

 
632

 
273,483

SBA
39,042

 
2,039

 
41,081

 
22,880

 
5,761

 
28,641

Total commercial
5,301,784

 
132,003

 
5,433,787

 
1,210,839

 
33,946

 
1,244,785

Consumer
104,424

 
3,984

 
108,408

 
50,474

 
4,411

 
54,885

Total Non-PCI loans and leases
$
10,962,520

 
$
260,986

 
$
11,223,506

 
$
3,802,245

 
$
127,311

 
$
3,929,556
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
The following table summarizes the changes in the carrying amount of PCI loans and accretable yield on those loans for the period indicated:
 
Carrying Amount
 
Accretable Yield
 
(In thousands)

Balance, December 31, 2013
$
361,003

 
$
(139,568
)
Addition
79,234

 
(13,728
)
Accretion
45,919

 
45,919

Payments received
(151,910
)
 
—

Decrease in expected cash flows, net
—

 
(12,435
)
Provision for credit losses
(1,682
)
 
—

Balance, September 30, 2014
$
332,564

 
$
(119,812
)
Non Purchased Credit Impaired Loans and Leases [Member]
  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Delinquent loans in loan portfolio
The following tables present an aging analysis of our Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:
 
September 30, 2014
 
30-89 Days Past Due
 
90 or More
 Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Hospitality
$
—

 
$
—

 
$
—

 
$
519,350

 
$
519,350

SBA
2,304

 
516

 
2,820

 
348,948

 
351,768

Other
8,150

 
13,128

 
21,278

 
4,505,848

 
4,527,126

Total real estate mortgage
10,454

 
13,644

 
24,098

 
5,374,146

 
5,398,244

Real estate construction:
 
 
 
 
 
 
 
 
 
Residential
—

 
542

 
542

 
72,344

 
72,886

Commercial
1,928

 
1,487

 
3,415

 
206,766

 
210,181

Total real estate construction
1,928

 
2,029

 
3,957

 
279,110

 
283,067

Commercial:
 
 
 
 
 
 
 
 
 
Collateralized
56

 
940

 
996

 
427,581

 
428,577

Unsecured
38

 
25

 
63

 
126,976

 
127,039

Asset-based
271

 
—

 
271

 
1,594,161

 
1,594,432

Cash flow
235

 
—

 
235

 
2,313,963

 
2,314,198

Equipment finance
119

 
132

 
251

 
928,209

 
928,460

SBA
—

 
—

 
—

 
41,081

 
41,081

Total commercial
719

 
1,097

 
1,816

 
5,431,971

 
5,433,787

Consumer
168

 
3,244

 
3,412

 
104,996

 
108,408

Total Non-PCI loans and leases
$
13,269

 
$
20,014

 
$
33,283

 
$
11,190,223

 
$
11,223,506


 
December 31, 2013
 
30-89 Days Past Due
 
90 or More
Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Hospitality
$
—

 
$
—

 
$
—

 
$
180,553

 
$
180,553

SBA
2,564

 
—

 
2,564

 
42,602

 
45,166

Other
13,026

 
2,406

 
15,432

 
2,180,956

 
2,196,388

Total real estate mortgage
15,590

 
2,406

 
17,996

 
2,404,111

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
Residential
—

 
—

 
—

 
58,881

 
58,881

Commercial
—

 
2,013

 
2,013

 
146,885

 
148,898

Total real estate construction
—

 
2,013

 
2,013

 
205,766

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
Collateralized
473

 
259

 
732

 
585,749

 
586,481

Unsecured
83

 
68

 
151

 
153,601

 
153,752

Asset-based
—

 
—

 
—

 
202,428

 
202,428

Equipment finance
2,662

 
244

 
2,906

 
270,577

 
273,483

SBA
1,770

 
243

 
2,013

 
26,628

 
28,641

Total commercial
4,988

 
814

 
5,802

 
1,238,983

 
1,244,785

Consumer
3,319

 
—

 
3,319

 
51,566

 
54,885

Total Non-PCI loans and leases
$
23,897

 
$
5,233

 
$
29,130

 
$
3,900,426

 
$
3,929,556
Financing Receivable Non Accrual And Performing
The following table presents our nonaccrual and performing Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:  
 
September 30, 2014
 
December 31, 2013
 
Nonaccrual
 
Performing
 
Total
 
Nonaccrual
 
Performing
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
6,451

 
$
512,899

 
$
519,350

 
$
6,723

 
$
173,830

 
$
180,553

SBA
7,483

 
344,285

 
351,768

 
2,602

 
42,564

 
45,166

Other
26,575

 
4,500,551

 
4,527,126

 
18,648

 
2,177,740

 
2,196,388

Total real estate mortgage
40,509

 
5,357,735

 
5,398,244

 
27,973

 
2,394,134

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
925

 
71,961

 
72,886

 
389

 
58,492

 
58,881

Commercial
2,703

 
207,478

 
210,181

 
2,830

 
146,068

 
148,898

Total real estate construction
3,628

 
279,439

 
283,067

 
3,219

 
204,560

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
5,165

 
423,412

 
428,577

 
9,991

 
576,490

 
586,481

Unsecured
226

 
126,813

 
127,039

 
458

 
153,294

 
153,752

Asset-based
5,003

 
1,589,429

 
1,594,432

 
1,070

 
201,358

 
202,428

Cash flow
15,958

 
2,298,240

 
2,314,198

 
—

 
—

 
—

Equipment finance
12,885

 
915,575

 
928,460

 
632

 
272,851

 
273,483

SBA
2,039

 
39,042

 
41,081

 
3,037

 
25,604

 
28,641

Total commercial
41,276

 
5,392,511

 
5,433,787

 
15,188

 
1,229,597

 
1,244,785

Consumer
3,535

 
104,873

 
108,408

 
394

 
54,491

 
54,885

Total Non-PCI loans and leases
$
88,948

 
$
11,134,558

 
$
11,223,506

 
$
46,774

 
$
3,882,782

 
$
3,929,556
Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables
Non‑PCI nonaccrual loans and leases and performing restructured loans are considered impaired for reporting purposes. The following table presents the composition of our impaired loans and leases as of the dates indicated:
 
September 30, 2014
 
December 31, 2013
 
 
 
Performing
 
Total
 
 
 
Performing
 
Total
 
 
Nonaccrual
 
Restructured
 
Impaired
 
Nonaccrual
 
Restructured
 
Impaired
 
 
Loans/Leases
 
Loans
 
Loans/Leases
 
Loans/Leases
 
Loans
 
Loans/Leases
 
 
(In thousands)
 
Real estate mortgage
$
40,509

 
$
19,220

 
$
59,729

 
$
27,973

 
$
34,303

 
$
62,276

 
Real estate construction
3,628

 
9,064

 
12,692

 
3,219

 
4,293

 
7,512

 
Commercial
41,276

 
5,904

 
47,180

 
15,188

 
2,744

 
17,932

 
Consumer
3,535

 
120

 
3,655

 
394

 
308

 
702

 
Total
$
88,948

 
$
34,308

 
$
123,256

 
$
46,774

 
$
41,648

 
$
88,422

 
Impaired Financing Receivables, Average Balances And Interest Income Recognized
The following tables present information regarding our Non‑PCI impaired loans and leases by portfolio segment and class for the dates indicated:
 
September 30, 2014
 
December 31, 2013
 
Recorded Investment
 
Unpaid Principal Balance
 
Related
Allowance
 
Recorded Investment
 
Unpaid Principal Balance
 
Related
Allowance
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
1,957

 
$
1,956

 
$
92

 
$
5,717

 
$
6,215

 
$
198

SBA
—

 
—

 
—

 
1,642

 
1,643

 
230

Other
13,302

 
13,389

 
1,476

 
15,937

 
16,571

 
1,760

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
767

 
767

 
72

 
778

 
778

 
168

Commercial
1,162

 
4,945

 
47

 
1,250

 
1,250

 
1

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
5,404

 
5,789

 
3,536

 
4,377

 
4,692

 
4,270

Unsecured
620

 
631

 
416

 
801

 
829

 
375

Asset-based
262

 
262

 
262

 
1,070

 
1,070

 
180

Cash flow
15,958

 
18,014

 
2,666

 
—

 
—

 
—

Equipment finance
1,864

 
1,864

 
774

 
—

 
—

 
—

SBA
—

 
—

 
—

 
1,136

 
1,136

 
178

Consumer
146

 
145

 
34

 
424

 
471

 
240

With No Related Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
6,451

 
$
7,593

 
$
—

 
$
3,013

 
$
3,385

 
$
—

SBA
7,483

 
10,712

 
—

 
2,602

 
3,646

 
—

Other
30,536

 
41,596

 
—

 
33,365

 
46,062

 
—

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
542

 
550

 
—

 
—

 
—

 
—

Commercial
10,221

 
10,995

 
—

 
5,484

 
9,923

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
3,820

 
10,932

 
—

 
6,700

 
9,924

 
—

Unsecured
180

 
278

 
—

 
179

 
247

 
—

Asset-based
4,741

 
5,584

 
—

 
—

 
—

 
—

Cash flow
—

 
505

 
—

 
—

 
—

 
—

Equipment finance
11,021

 
14,809

 
—

 
632

 
632

 
—

SBA
3,310

 
4,984

 
—

 
3,037

 
4,945

 
—

Consumer
3,509

 
3,681

 
—

 
278

 
394

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage
$
59,729

 
$
75,246

 
$
1,568

 
$
62,276

 
$
77,522

 
$
2,188

Real estate construction
12,692

 
17,257

 
119

 
7,512

 
11,951

 
169

Commercial
47,180

 
63,652

 
7,654

 
17,932

 
23,475

 
5,003

Consumer
3,655

 
3,826

 
34

 
702

 
865

 
240

Total
$
123,256

 
$
159,981

 
$
9,375

 
$
88,422

 
$
113,813

 
$
7,600


 
Three Months Ended September 30,
 
2014
 
2013
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
1,963

 
$
20

 
$
8,779

 
$
226

SBA
—

 
—

 
1,659

 
23

Other
13,401

 
99

 
51,327

 
513

Real estate construction:
 
 
 
 
 
 
 
Residential
768

 
4

 
393

 
—

Commercial
1,176

 
6

 
8,540

 
87

Commercial:
 
 
 
 
 
 
 
Collateralized
5,815

 
43

 
3,804

 
10

Unsecured
624

 
6

 
2,062

 
8

Asset-based
265

 
—

 
223

 
5

Cash flow

15,695

 
—

 
—

 
—

Equipment finance
1,889

 
—

 
—

 
—

SBA
—

 
—

 
1,094

 
12

Consumer
148

 
2

 
436

 
3

With No Related Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
6,485

 
$
—

 
$
—

 
$
—

SBA
7,746

 
38

 
2,935

 
—

Other
31,313

 
87

 
25,041

 
133

Real estate construction:
 
 
 
 
 
 
 
Residential
542

 
—

 
441

 
—

Commercial
10,236

 
74

 
4,568

 
(59
)
Commercial:
 
 
 
 
 
 
 
Collateralized
5,252

 
21

 
4,266

 
—

Unsecured
202

 
—

 
179

 
—

Asset-based
—

 
—

 
—

 
—

Cash flow
—

 
—

 
—

 
—

Equipment finance
9,818

 
671

 
244

 
—

SBA
3,756

 
36

 
2,872

 
5

Consumer
3,745

 
2

 
173

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage
$
60,908

 
$
244

 
$
89,741

 
$
895

Real estate construction
12,722

 
84

 
13,942

 
28

Commercial
43,316

 
777

 
14,744

 
40

Consumer
3,893

 
4

 
609

 
3

Total
$
120,839

 
$
1,109

 
$
119,036

 
$
966

_________________________
(1)
For the loans and leases (excluding PCI loans) reported as impaired at September 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.
 
Nine Months Ended September 30,
 
2014
 
2013
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
1,971

 
$
60

 
$
8,770

 
$
109

SBA
—

 
—

 
1,649

 
23

Other
13,218

 
376

 
47,411

 
481

Real estate construction:
 
 
 
 
 
 
 
Residential
770

 
12

 
391

 
—

Commercial
539

 
13

 
8,541

 
88

Commercial:
 
 
 
 
 
 
 
Collateralized
5,167

 
92

 
4,467

 
7

Unsecured
664

 
18

 
787

 
8

Asset-based
268

 
—

 
2,377

 
—

Cash flow
5,232

 
—

 
—

 
—

Equipment finance
1,073

 
—

 
—

 
—

SBA
—

 
—

 
1,278

 
12

Consumer
1,890

 
11

 
429

 
3

With No Related Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
6,529

 
$
—

 
$
—

 
$
—

SBA
5,378

 
38

 
2,791

 
—

Other
26,235

 
240

 
25,540

 
410

Real estate construction:
 
 
 
 
 
 
 
Residential
406

 
—

 
435

 
—

Commercial
8,888

 
171

 
5,511

 
98

Commercial:
 
 
 
 
 
 
 
Collateralized
2,772

 
52

 
8,989

 
15

Unsecured
264

 
—

 
217

 
—

Asset-based
1,560

 
—

 
—

 
—

Cash flow

58

 
—

 
—

 
—

Equipment finance
7,436

 
671

 
244

 
—

SBA
2,189

 
36

 
2,846

 
5

Consumer
1,417

 
2

 
248

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage
$
53,331

 
$
714

 
$
86,161

 
$
1,023

Real estate construction
10,603

 
196

 
14,878

 
186

Commercial
26,683

 
869

 
21,205

 
47

Consumer
3,307

 
13

 
677

 
3

Total
$
93,924

 
$
1,792

 
$
122,921

 
$
1,259

_________________________
(1)
For the loans and leases (excluding PCI loans) reported as impaired at September 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.
Troubled Debt Restructurings on Financing Receivables
The following tables present new troubled debt restructurings of Non-PCI loans for the periods indicated:
 
Three Months Ended September 30, 2014
 
Three Months Ended September 30, 2013
Troubled Debt Restructurings:
Number of Loans
 
Pre- Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
Number of Loans
 
Pre- Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
(Dollars in thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
SBA
1

 
$
64

 
$
64

 
—

 
$
—

 
$
—

Other
7

 
10,496

 
10,496

 
—

 
—

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
9

 
1,507

 
1,507

 
8

 
4,824

 
4,824

Unsecured
3

 
173

 
173

 
2

 
499

 
499

Asset-based
—

 
—

 
—

 
1

 
17

 
17

SBA
2

 
1,313

 
1,313

 
—

 
—

 
—

Consumer
3

 
183

 
183

 
—

 
—

 
—

Total
25

 
$
13,736

 
$
13,736

 
11

 
$
5,340

 
$
5,340


 
Nine Months Ended September 30, 2014
 
Nine Months Ended September 30, 2013
Troubled Debt Restructurings:
Number of Loans
 
Pre- Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
Number of Loans
 
Pre- Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
(Dollars In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
SBA
1

 
$
64

 
$
64

 
—

 
$
—

 
$
—

Other
15

 
14,352

 
14,352

 
12

 
16,215

 
16,215

Real estate construction - Commercial
2

 
4,920

 
4,920

 
—

 
—

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
15

 
4,853

 
4,853

 
7

 
4,553

 
4,553

Unsecured
5

 
211

 
211

 
5

 
502

 
502

Asset-based
—

 
—

 
—

 
1

 
2,032

 
2,032

SBA
2

 
1,313

 
1,313

 
4

 
137

 
137

Consumer
4

 
307

 
307

 
—

 
—

 
—

Total
44

 
$
26,020

 
$
26,020

 
29

 
$
23,439

 
$
23,439




The following tables present troubled debt restructurings that subsequently defaulted for the periods indicated:
 
Three Months Ended September 30,
 
 
2014
 
2013
 
Troubled Debt Restructurings
Number of
 
Recorded
 
Number of
 
Recorded
 
That Subsequently Defaulted:
Loans
 
Investment(1)
 
Loans
 
Investment(1)
 
 
(Dollars in thousands)
 
Real estate construction - Commercial
1

 
$
1,190

 
—

 
$
—

 
Commercial - Unsecured
2

 
37

 
2

 
70

 
Total
3

 
$
1,227

(2)
2

 
$
70

(3)
_________________________
(1)
The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period.
(2)
Represents the balance at September 30, 2014, and is net of charge-offs of $0.2 million.
(3)
Represents the balance at September 30, 2013 and there were no charge-offs.
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
Troubled Debt Restructurings
Number of
 
Recorded
 
Number of
 
Recorded
 
That Subsequently Defaulted:
Loans
 
Investment(1)
 
Loans
 
Investment(1)
 
 
(Dollars in thousands)
 
Real estate mortgage - Other
—

 
$
—

 
1

 
$
1,327

 
Real estate construction - Commercial
1

 
1,190

 
—

 
—

 
Commercial:
 
 
 
 
 
 
 
 
Collateralized
1

 
22

 
1

 
427

 
Unsecured
2

 
37

 
2

 
70

 
Consumer
1

 
109

 
—

 
—

 
Total
5

 
$
1,358

(2)
4

 
$
1,824

(3)
_________________________
(1)
The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period.
(2)
Represents the balance at September 30, 2014, and is net of charge-offs of $0.2 million
(3)
Represents the balance at September 30, 2013, and is net of charge-offs of $1.1 million
Purchased Credit Impaired Loans and Leases [Member]
  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
CV of Loans Held for Investment by class by performing and nonperforming
The following table presents the credit risk rating categories for PCI loans by portfolio segment as of the dates indicated. Nonclassified loans are those with a credit risk rating of either pass or special mention, while classified loans are those with a credit risk rating of either substandard or doubtful.
 
September 30, 2014
 
December 31, 2013
 
Nonclassified
 
Classified
 
Total
 
Nonclassified
 
Classified
 
Total
 
(In thousands)
Real estate mortgage
$
180,763

 
$
134,108

 
$
314,871

 
$
216,092

 
$
155,042

 
$
371,134

Real estate construction
1,921

 
6,282

 
8,203

 
4,399

 
6,028

 
10,427

Commercial
232

 
27,730

 
27,962

 
569

 
405

 
974

Consumer
—

 
343

 
343

 
—

 
261

 
261

Total PCI loans
$
182,916

 
$
168,463

 
$
351,379

 
$
221,060

 
$
161,736

 
$
382,796
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table reflects the PCI loans by portfolio segment as of the dates indicated:
 
September 30, 2014
 
December 31, 2013
 
(In thousands)
Real estate mortgage
$
356,151

 
$
412,791

Real estate construction
8,506

 
12,015

Commercial
28,532

 
3,021

Consumer
402

 
424

Total gross PCI loans
393,591

 
428,251

Less:
 
 
 
Discount
(42,212
)
 
(45,455
)
Allowance for loan losses
(18,815
)
 
(21,793
)
Total net PCI loans
$
332,564

 
$
361,003