Loans (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	March 31, 2014		December 31, 2013		March 31, 2013
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,208,641	$	1,176,307	$	1,038,115
Commercial real estate	1,279,167		1,232,658		1,162,383
Real estate construction	85,084		89,795		65,367
Land development	13,761		20,066		32,640
Subtotal	2,586,653		2,518,826		2,298,505
Consumer loan portfolio:
Residential mortgage	962,009		960,423		872,454
Consumer installment	675,412		644,769		540,216
Home equity	529,215		523,603		474,086
Subtotal	2,166,636		2,128,795		1,886,756
Total loans	$	4,753,289	$	4,647,621	$	4,185,261

Recorded investment of loans in the commercial loan portfolio by risk rating categories

The following schedule presents the recorded investment of loans in the commercial loan portfolio by risk rating categories at March 31, 2014, December 31, 2013 and March 31, 2013:

	Commercial		Commercial Real Estate		Real Estate Construction		Land Development		Total
	(In thousands)
March 31, 2014
Originated Portfolio:
Risk Grades 1-5	$	1,060,743	$	1,034,517	$	70,750	$	3,831	$	2,169,841
Risk Grade 6	18,359		33,962		680		968		53,969
Risk Grade 7	33,768		32,671		815		700		67,954
Risk Grade 8	17,301		27,552		160		2,267		47,280
Risk Grade 9	950		16		—		—		966
Subtotal	1,131,121		1,128,718		72,405		7,766		2,340,010
Acquired Portfolio:
Risk Grades 1-5	67,326		139,130		12,679		3,906		223,041
Risk Grade 6	2,423		2,627		—		—		5,050
Risk Grade 7	3,635		7,753		—		—		11,388
Risk Grade 8	4,136		939		—		2,089		7,164
Risk Grade 9	—		—		—		—		—
Subtotal	77,520		150,449		12,679		5,995		246,643
Total	$	1,208,641	$	1,279,167	$	85,084	$	13,761	$	2,586,653
December 31, 2013
Originated Portfolio:
Risk Grades 1-5	$	1,024,461	$	991,964	$	75,696	$	6,874	$	2,098,995
Risk Grade 6	20,082		34,248		654		969		55,953
Risk Grade 7	29,776		30,377		738		3,128		64,019
Risk Grade 8	17,414		28,580		371		2,309		48,674
Risk Grade 9	960		18		—		—		978
Subtotal	1,092,693		1,085,187		77,459		13,280		2,268,619
Acquired Portfolio:
Risk Grades 1-5	73,763		133,653		12,336		4,667		224,419
Risk Grade 6	5,472		5,022		—		—		10,494
Risk Grade 7	852		7,792		—		—		8,644
Risk Grade 8	3,527		1,004		—		2,119		6,650
Risk Grade 9	—		—		—		—		—
Subtotal	83,614		147,471		12,336		6,786		250,207
Total	$	1,176,307	$	1,232,658	$	89,795	$	20,066	$	2,518,826
March 31, 2013
Originated Portfolio:
Risk Grades 1-5	$	868,683	$	858,484	$	50,601	$	11,720	$	1,789,488
Risk Grade 6	28,037		44,603		59		434		73,133
Risk Grade 7	26,040		29,359		1,020		5,754		62,173
Risk Grade 8	10,471		34,170		168		4,105		48,914
Risk Grade 9	1,715		1,679		—		—		3,394
Subtotal	934,946		968,295		51,848		22,013		1,977,102
Acquired Portfolio:
Risk Grades 1-5	93,560		176,523		13,519		7,783		291,385
Risk Grade 6	6,870		5,035		—		242		12,147
Risk Grade 7	874		11,146		—		—		12,020
Risk Grade 8	1,865		1,384		—		2,602		5,851
Risk Grade 9	—		—		—		—		—
Subtotal	103,169		194,088		13,519		10,627		321,403
Total	$	1,038,115	$	1,162,383	$	65,367	$	32,640	$	2,298,505

Recorded investment of loans in the consumer loan portfolio based on the credit risk profile of loans in a performing and nonperforming status

The following schedule presents the recorded investment of loans in the consumer loan portfolio based on loans in a performing status and loans in a nonperforming status at March 31, 2014, December 31, 2013 and March 31, 2013:

	Residential Mortgage		Consumer Installment		Home Equity		Total Consumer
	(In thousands)
March 31, 2014
Originated Loans:
Performing	$	937,968	$	672,984	$	497,196	$	2,108,148
Nonperforming	12,833		806		2,668		16,307
Subtotal	950,801		673,790		499,864		2,124,455
Acquired Loans:
Performing	11,150		1,622		29,020		41,792
Nonperforming	58		—		331		389
Subtotal	11,208		1,622		29,351		42,181
Total	$	962,009	$	675,412	$	529,215	$	2,166,636
December 31, 2013
Originated Loans:
Performing	$	934,747	$	642,370	$	488,996	$	2,066,113
Nonperforming	14,134		676		3,382		18,192
Subtotal	948,881		643,046		492,378		2,084,305
Acquired Loans:
Performing	11,481		1,723		31,182		44,386
Nonperforming	61		—		43		104
Subtotal	11,542		1,723		31,225		44,490
Total	$	960,423	$	644,769	$	523,603	$	2,128,795
March 31, 2013
Originated Loans:
Performing	$	844,240	$	537,817	$	432,489	$	1,814,546
Nonperforming	14,931		699		3,711		19,341
Subtotal	859,171		538,516		436,200		1,833,887
Acquired Loans:
Performing	13,283		1,700		37,724		52,707
Nonperforming	—		—		162		162
Subtotal	13,283		1,700		37,886		52,869
Total	$	872,454	$	540,216	$	474,086	$	1,886,756

Summary of nonperforming loans

A summary of nonperforming loans follows:

	March 31, 2014		December 31, 2013		March 31, 2013
	(In thousands)
Nonaccrual loans:
Commercial	$	18,251	$	18,374	$	12,186
Commercial real estate	27,568		28,598		35,849
Real estate construction	160		371		168
Land development	2,267		2,309		4,105
Residential mortgage	6,589		8,921		10,407
Consumer installment	806		676		699
Home equity	2,046		2,648		2,837
Total nonaccrual loans	57,687		61,897		66,251
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	43		536		4
Commercial real estate	730		190		177
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	—		537		196
Consumer installment	—		—		—
Home equity	622		734		874
Total accruing loans contractually past due 90 days or more as to interest or principal payments	1,395		1,997		1,251
Nonperforming TDRs:
Commercial loan portfolio	11,218		13,414		14,587
Consumer loan portfolio	6,244		4,676		4,328
Total nonperforming TDRs	17,462		18,090		18,915
Total nonperforming loans	$	76,544	$	81,984	$	86,417

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at March 31, 2014, December 31, 2013 and March 31, 2013:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
March 31, 2014
Impaired loans with a valuation allowance:
Commercial	$	3,534	$	3,704	$	1,250
Commercial real estate	3,720		3,878		371
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	19,944		19,944		444
Subtotal	27,198		27,526		2,065
Impaired loans with no related valuation allowance:
Commercial	38,150		42,914		—
Commercial real estate	49,074		62,207		—
Real estate construction	160		366		—
Land development	4,472		7,773		—
Residential mortgage	6,589		6,589		—
Consumer installment	806		806		—
Home equity	2,046		2,046		—
Subtotal	101,297		122,701		—
Total impaired loans:
Commercial	41,684		46,618		1,250
Commercial real estate	52,794		66,085		371
Real estate construction	160		366		—
Land development	4,472		7,773		—
Residential mortgage	26,533		26,533		444
Consumer installment	806		806		—
Home equity	2,046		2,046		—
Total	$	128,495	$	150,227	$	2,065
December 31, 2013
Impaired loans with a valuation allowance:
Commercial	$	2,517	$	2,656	$	728
Commercial real estate	2,576		2,965		353
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	17,408		17,408		510
Subtotal	22,501		23,029		1,591
Impaired loans with no related valuation allowance:
Commercial	38,838		44,377		—
Commercial real estate	48,220		61,444		—
Real estate construction	371		478		—
Land development	7,170		11,817		—
Residential mortgage	8,921		8,921		—
Consumer installment	676		676		—
Home equity	2,648		2,648		—
Subtotal	106,844		130,361		—
Total impaired loans:
Commercial	41,355		47,033		728
Commercial real estate	50,796		64,409		353
Real estate construction	371		478		—
Land development	7,170		11,817		—
Residential mortgage	26,329		26,329		510
Consumer installment	676		676		—
Home equity	2,648		2,648		—
Total	$	129,345	$	153,390	$	1,591

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
March 31, 2013
Impaired loans with a valuation allowance:
Commercial	$	4,347	$	4,931	$	1,629
Commercial real estate	12,876		13,045		3,893
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	17,296		17,296		662
Subtotal	34,519		35,272		6,184
Impaired loans with no related valuation allowance:
Commercial	21,565		26,737		—
Commercial real estate	42,852		56,259		—
Real estate construction	372		442		—
Land development	11,247		15,510		—
Residential mortgage	10,407		10,407		—
Consumer installment	699		699		—
Home equity	2,837		2,837		—
Subtotal	89,979		112,891		—
Total impaired loans:
Commercial	25,912		31,668		1,629
Commercial real estate	55,728		69,304		3,893
Real estate construction	372		442		—
Land development	11,247		15,510		—
Residential mortgage	27,703		27,703		662
Consumer installment	699		699		—
Home equity	2,837		2,837		—
Total	$	124,498	$	148,163	$	6,184

Schedule presents information related to impaired loans

The following schedule presents information related to impaired loans for the three months ended March 31, 2014 and 2013:

	Three Months Ended March 31, 2014
	Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	41,607	$	333
Commercial real estate	53,320		361
Real estate construction	167		—
Land development	4,643		37
Residential mortgage	26,781		303
Consumer installment	773		—
Home equity	2,168		—
Total	$	129,459	$	1,034

	Three Months Ended March 31, 2013
	Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	26,953	$	193
Commercial real estate	56,745		288
Real estate construction	363		2
Land development	10,914		91
Residential mortgage	28,920		295
Consumer installment	719		—
Home equity	2,962		—
Total	$	127,576	$	869

Schedule representing the aging status of the recorded investment in loans by classes

The following schedule presents the aging status of the recorded investment in loans by classes of loans at March 31, 2014, December 31, 2013 and March 31, 2013:

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Non-accrual Loans		Total Past Due		Current		Total Loans
	(In thousands)
March 31, 2014
Originated Portfolio:
Commercial	$	6,003	$	1,832	$	43	$	18,251	$	26,129	$	1,104,992	$	1,131,121
Commercial real estate	4,094		1,098		730		27,568		33,490		1,095,228		1,128,718
Real estate construction	18		—		—		160		178		72,227		72,405
Land development	—		—		—		2,267		2,267		5,499		7,766
Residential mortgage	1,259		1,138		—		6,589		8,986		941,815		950,801
Consumer installment	1,950		313		—		806		3,069		670,721		673,790
Home equity	1,500		256		622		2,046		4,424		495,440		499,864
Total	$	14,824	$	4,637	$	1,395	$	57,687	$	78,543	$	4,385,922	$	4,464,465
Acquired Portfolio:
Commercial	$	—	$	—	$	6,496	$	—	$	6,496	$	71,024	$	77,520
Commercial real estate	—		—		2,549		—		2,549		147,900		150,449
Real estate construction	—		—		—		—		—		12,679		12,679
Land development	—		—		2,089		—		2,089		3,906		5,995
Residential mortgage	—		—		58		—		58		11,150		11,208
Consumer installment	49		—		—		—		49		1,573		1,622
Home equity	49		—		331		—		380		28,971		29,351
Total	$	98	$	—	$	11,523	$	—	$	11,621	$	277,203	$	288,824

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Non-accrual Loans		Total Past Due		Current		Total Loans
	(In thousands)
December 31, 2013
Originated Portfolio:
Commercial	$	4,748	$	865	$	536	$	18,374	$	24,523	$	1,068,170	$	1,092,693
Commercial real estate	8,560		1,604		190		28,598		38,952		1,046,235		1,085,187
Real estate construction	—		4,107		—		371		4,478		72,981		77,459
Land development	—		—		—		2,309		2,309		10,971		13,280
Residential mortgage	2,191		103		537		8,921		11,752		937,129		948,881
Consumer installment	2,630		359		—		676		3,665		639,381		643,046
Home equity	1,452		278		734		2,648		5,112		487,266		492,378
Total	$	19,581	$	7,316	$	1,997	$	61,897	$	90,791	$	4,262,133	$	4,352,924
Acquired Portfolio:
Commercial	$	—	$	—	$	5,656	$	—	$	5,656	$	77,958	$	83,614
Commercial real estate	—		133		1,695		—		1,828		145,643		147,471
Real estate construction	—		—		—		—		—		12,336		12,336
Land development	—		—		2,332		—		2,332		4,454		6,786
Residential mortgage	—		—		61		—		61		11,481		11,542
Consumer installment	3		51		—		—		54		1,669		1,723
Home equity	394		—		43		—		437		30,788		31,225
Total	$	397	$	184	$	9,787	$	—	$	10,368	$	284,329	$	294,697
March 31, 2013
Originated Portfolio:
Commercial	$	7,948	$	1,664	$	4	$	12,186	$	21,802	$	913,144	$	934,946
Commercial real estate	9,195		2,541		177		35,849		47,762		920,533		968,295
Real estate construction	—		—		—		168		168		51,680		51,848
Land development	927		—		—		4,105		5,032		16,981		22,013
Residential mortgage	2,605		831		196		10,407		14,039		845,132		859,171
Consumer installment	2,038		524		—		699		3,261		535,255		538,516
Home equity	1,374		235		874		2,837		5,320		430,880		436,200
Total	$	24,087	$	5,795	$	1,251	$	66,251	$	97,384	$	3,713,605	$	3,810,989
Acquired Portfolio:
Commercial	$	191	$	—	$	2,504	$	—	$	2,695	$	100,474	$	103,169
Commercial real estate	479		157		3,341		—		3,977		190,111		194,088
Real estate construction	—		—		—		—		—		13,519		13,519
Land development	—		—		2,602		—		2,602		8,025		10,627
Residential mortgage	405		—		—		—		405		12,878		13,283
Consumer installment	34		33		—		—		67		1,633		1,700
Home equity	154		—		162		—		316		37,570		37,886
Total	$	1,263	$	190	$	8,609	$	—	$	10,062	$	364,210	$	374,272

Schedule of Corporation's TDRs

The following schedule presents the Corporation’s loans reported as TDRs at March 31, 2014, December 31, 2013 and March 31, 2013:

	Performing TDRs		Non-Performing TDRs		Nonaccrual TDRs		Total
	(In thousands)
March 31, 2014
Commercial loan portfolio	$	28,123	$	11,218	$	40,511	$	79,852
Consumer loan portfolio	13,700		6,244		3,875		23,819
Total	$	41,823	$	17,462	$	44,386	$	103,671
December 31, 2013
Commercial loan portfolio	$	26,839	$	13,414	$	31,961	$	72,214
Consumer loan portfolio	12,732		4,676		5,321		22,729
Total	$	39,571	$	18,090	$	37,282	$	94,943
March 31, 2013
Commercial loan portfolio	$	17,755	$	14,587	$	42,097	$	74,439
Consumer loan portfolio	12,968		4,328		4,916		22,212
Total	$	30,723	$	18,915	$	47,013	$	96,651

Schedule providing information on performing and nonperforming TDRs

The following schedule provides information on the Corporation's TDRs that were modified during the three months ended March 31, 2014 and 2013:

	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Three Months Ended March 31, 2014
Commercial loan portfolio:
Commercial	12	$	8,356	$	8,356
Commercial real estate	9	2,790		2,790
Land development	1	72		72
Subtotal – commercial loan portfolio	22	11,218		11,218
Consumer loan portfolio (residential mortgage)	30	987		978
Total	52	$	12,205	$	12,196

Three Months Ended March 31, 2013 (as revised)
Commercial loan portfolio:
Commercial	11	$	1,606	$	1,606
Commercial real estate	14	3,644		3,644
Real estate construction	2	364		364
Land development	2	432		432
Subtotal – commercial loan portfolio	29	6,046		6,046
Consumer loan portfolio (residential mortgage)	18	1,391		1,355
Total	47	$	7,437	$	7,401

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes TDRs for which there was a payment default during the three months ended March 31, 2014 and 2013, whereby the borrower was past due with respect to principal and/or interest for 90 days or more, and the loan became a TDR during the twelve-month period prior to the default:

	Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Three Months Ended March 31, 2014
Commercial loan portfolio:
Commercial	1	$	104
Commercial real estate	2	1,670
Subtotal – commercial loan portfolio	3	1,774
Consumer loan portfolio (residential mortgage)	—	—
Total	3	$	1,774
Three Months Ended March 31, 2013 (as revised)
Commercial loan portfolio:
Commercial	17	$	1,053
Commercial real estate	1	126
Real estate construction	1	160
Subtotal – commercial loan portfolio	19	1,339
Consumer loan portfolio (residential mortgage)	5	484
Total	24	$	1,823

Schedule of allowance and recorded investment related to financing receivables segregated by portfolio segment

The following schedule presents, by loan portfolio segment, the changes in the allowance for the three months ended March 31, 2014 and details regarding the balance in the allowance and the recorded investment in loans at March 31, 2014 by impairment evaluation method.

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated			Total
	(In thousands)
Changes in allowance for loan losses for the three months ended March 31, 2014:
Beginning balance	$	44,482		$	30,145		$	4,445		$	79,072
Provision for loan losses	960			855			(215		)	1,600
Charge-offs	(1,209		)	(2,263		)	—			(3,472		)
Recoveries	777			496			—			1,273
Ending balance	$	45,010		$	29,233		$	4,230		$	78,473
Allowance for loan losses balance at March 31, 2014 attributable to:
Loans individually evaluated for impairment	$	1,621		$	444		$	—		$	2,065
Loans collectively evaluated for impairment	43,389			28,289			4,230			75,908
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	45,010		$	29,233		$	4,230		$	78,473
Recorded investment (loan balance) at March 31, 2014:
Loans individually evaluated for impairment	$	87,587		$	19,944		$	—		$	107,531
Loans collectively evaluated for impairment	2,252,423			2,104,511			—			4,356,934
Loans acquired with deteriorated credit quality	246,643			42,181			—			288,824
Total	$	2,586,653		$	2,166,636		$	—		$	4,753,289

The following schedule presents, by loan portfolio segment, details regarding the balance in the allowance and the recorded investment in loans at December 31, 2013 by impairment evaluation method.

	Commercial Loan Portfolio		Consumer Loan Portfolio		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2013 attributable to:
Loans individually evaluated for impairment	$	1,081	$	510	$	—	$	1,591
Loans collectively evaluated for impairment	43,401		29,135		4,445		76,981
Loans acquired with deteriorated credit quality	—		500		—		500
Total	$	44,482	$	30,145	$	4,445	$	79,072
Recorded investment (loan balance) at December 31, 2013:
Loans individually evaluated for impairment	$	89,905	$	17,408	$	—	$	107,313
Loans collectively evaluated for impairment	2,178,714		2,066,897		—		4,245,611
Loans acquired with deteriorated credit quality	250,207		44,490		—		294,697
Total	$	2,518,826	$	2,128,795	$	—	$	4,647,621

The following schedule presents, by loan portfolio segment, the changes in the allowance for the three months ended March 31, 2013 and details regarding the balance in the allowance and the recorded investment in loans at March 31, 2013 by impairment evaluation method.

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated			Total
	(In thousands)
Changes in allowance for loan losses for the three months ended March 31, 2013:
Beginning balance	$	49,975		$	29,333		$	5,183		$	84,491
Provision for loan losses	2,437			871			(308		)	3,000
Charge-offs	(3,516		)	(1,958		)	—			(5,474		)
Recoveries	211			606			—			817
Ending balance	$	49,107		$	28,852		$	4,875		$	82,834
Allowance for loan losses balance at March 31, 2013 attributable to:
Loans individually evaluated for impairment	$	5,522		$	662		$	—		$	6,184
Loans collectively evaluated for impairment	43,585			27,690			4,875			76,150
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	49,107		$	28,852		$	4,875		$	82,834
Recorded investment (loan balance) at March 31, 2013:
Loans individually evaluated for impairment	$	84,650		$	17,296		$	—		$	101,946
Loans collectively evaluated for impairment	1,892,452			1,816,591			—			3,709,043
Loans acquired with deteriorated credit quality	321,403			52,869			—			374,272
Total	$	2,298,505		$	1,886,756		$	—		$	4,185,261