Loans (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Summary of loans under portfolio

A summary of loans follows:

	June 30, 2015		December 31, 2014		June 30, 2014
	(In thousands)
Commercial loan portfolio:
Commercial	$	1,754,873	$	1,354,881	$	1,212,383
Commercial real estate	2,243,513		1,557,648		1,298,365
Real estate construction	101,717		152,745		101,168
Land development	10,595		18,750		10,956
Subtotal	4,110,698		3,084,024		2,622,872
Consumer loan portfolio:
Residential mortgage	1,310,167		1,110,390		970,397
Consumer installment	887,907		829,570		744,781
Home equity	725,971		664,246		560,754
Subtotal	2,924,045		2,604,206		2,275,932
Total loans	$	7,034,743	$	5,688,230	$	4,898,804

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 June 30, 2015, December 31, 2014 and June 30, 2014:

	Commercial		Commercial Real Estate		Real Estate Construction		Land Development		Total
	(In thousands)
June 30, 2015
Originated Portfolio:
Risk Grades 1-5	$	1,269,091	$	1,273,725	$	94,894	$	2,470	$	2,640,180
Risk Grade 6	32,189		34,677		—		433		67,299
Risk Grade 7	41,316		29,737		1,249		878		73,180
Risk Grade 8	17,260		25,283		247		255		43,045
Risk Grade 9	—		4		—		—		4
Subtotal	1,359,856		1,363,426		96,390		4,036		2,823,708
Acquired Portfolio:
Risk Grades 1-5	347,914		820,400		5,122		5,017		1,178,453
Risk Grade 6	29,412		22,796		—		71		52,279
Risk Grade 7	13,910		30,288		—		119		44,317
Risk Grade 8	3,781		6,603		205		1,352		11,941
Risk Grade 9	—		—		—		—		—
Subtotal	395,017		880,087		5,327		6,559		1,286,990
Total	$	1,754,873	$	2,243,513	$	101,717	$	10,595	$	4,110,698
December 31, 2014
Originated Portfolio:
Risk Grades 1-5	$	1,171,817	$	1,114,529	$	134,668	$	2,952	$	2,423,966
Risk Grade 6	37,800		34,996		1,408		738		74,942
Risk Grade 7	29,863		29,935		2,502		613		62,913
Risk Grade 8	16,417		24,958		162		225		41,762
Risk Grade 9	1		8		—		—		9
Subtotal	1,255,898		1,204,426		138,740		4,528		2,603,592
Acquired Portfolio:
Risk Grades 1-5	76,780		321,018		14,005		11,789		423,592
Risk Grade 6	12,687		8,698		—		583		21,968
Risk Grade 7	4,089		12,478		—		197		16,764
Risk Grade 8	5,427		11,028		—		1,653		18,108
Risk Grade 9	—		—		—		—		—
Subtotal	98,983		353,222		14,005		14,222		480,432
Total	$	1,354,881	$	1,557,648	$	152,745	$	18,750	$	3,084,024
June 30, 2014
Originated Portfolio:
Risk Grades 1-5	$	1,067,000	$	1,063,555	$	85,754	$	2,514	$	2,218,823
Risk Grade 6	15,459		30,053		666		965		47,143
Risk Grade 7	37,291		35,946		1,995		627		75,859
Risk Grade 8	18,560		25,347		160		2,184		46,251
Risk Grade 9	213		14		—		—		227
Subtotal	1,138,523		1,154,915		88,575		6,290		2,388,303
Acquired Portfolio:
Risk Grades 1-5	59,993		132,898		12,593		2,546		208,030
Risk Grade 6	6,769		3,822		—		—		10,591
Risk Grade 7	3,197		6,730		—		143		10,070
Risk Grade 8	3,901		—		—		1,977		5,878
Risk Grade 9	—		—		—		—		—
Subtotal	73,860		143,450		12,593		4,666		234,569
Total	$	1,212,383	$	1,298,365	$	101,168	$	10,956	$	2,622,872

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 June 30, 2015, December 31, 2014 and June 30, 2014:

	Residential Mortgage		Consumer Installment		Home Equity		Total Consumer
	(In thousands)
June 30, 2015
Originated Loans:
Performing	$	1,058,696	$	871,543	$	584,520	$	2,514,759
Nonperforming	9,793		393		2,357		12,543
Subtotal	1,068,489		871,936		586,877		2,527,302
Acquired Loans:
Performing	238,698		15,966		138,086		392,750
Nonperforming	2,980		5		1,008		3,993
Subtotal	241,678		15,971		139,094		396,743
Total	$	1,310,167	$	887,907	$	725,971	$	2,924,045
December 31, 2014
Originated Loans:
Performing	$	987,542	$	818,878	$	566,083	$	2,372,503
Nonperforming	10,459		500		3,013		13,972
Subtotal	998,001		819,378		569,096		2,386,475
Acquired Loans:
Performing	111,101		10,174		94,696		215,971
Nonperforming	1,288		18		454		1,760
Subtotal	112,389		10,192		95,150		217,731
Total	$	1,110,390	$	829,570	$	664,246	$	2,604,206
June 30, 2014
Originated Loans:
Performing	$	947,768	$	743,121	$	529,093	$	2,219,982
Nonperforming	12,217		536		3,371		16,124
Subtotal	959,985		743,657		532,464		2,236,106
Acquired Loans:
Performing	10,343		1,124		28,227		39,694
Nonperforming	69		—		63		132
Subtotal	10,412		1,124		28,290		39,826
Total	$	970,397	$	744,781	$	560,754	$	2,275,932

Summary of nonperforming loans

A summary of nonperforming loans follows:

	June 30, 2015		December 31, 2014		June 30, 2014
	(In thousands)
Nonaccrual loans:
Commercial	$	17,260	$	16,418	$	18,773
Commercial real estate	25,287		24,966		25,361
Real estate construction	247		162		160
Land development	255		225		2,184
Residential mortgage	6,004		6,706		6,325
Consumer installment	393		500		536
Home equity	1,769		1,667		2,296
Total nonaccrual loans	51,215		50,644		55,635
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	711		170		15
Commercial real estate	56		—		69
Real estate construction	—		—		—
Land development	—		—		—
Residential mortgage	424		557		376
Consumer installment	—		—		—
Home equity	588		1,346		1,075
Total accruing loans contractually past due 90 days or more as to interest or principal payments	1,779		2,073		1,535
Nonperforming TDRs:
Commercial loan portfolio	14,547		15,271		11,049
Consumer loan portfolio	3,365		3,196		5,516
Total nonperforming TDRs	17,912		18,467		16,565
Total nonperforming loans	$	70,906	$	71,184	$	73,735

Schedule of Impaired loans by classes

The following schedule presents impaired loans by classes of loans at June 30, 2015, December 31, 2014 and June 30, 2014:

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
June 30, 2015
Impaired loans with a valuation allowance:
Commercial	$	4,044	$	4,137	$	718
Commercial real estate	2,789		2,948		603
Residential mortgage	20,970		20,970		260
Subtotal	27,803		28,055		1,581
Impaired loans with no related valuation allowance:
Commercial	32,461		38,160		—
Commercial real estate	56,052		78,490		—
Real estate construction	451		531		—
Land development	1,942		3,644		—
Residential mortgage	8,984		8,984		—
Consumer installment	398		398		—
Home equity	2,778		2,778		—
Subtotal	103,066		132,985		—
Total impaired loans:
Commercial	36,505		42,297		718
Commercial real estate	58,841		81,438		603
Real estate construction	451		531		—
Land development	1,942		3,644		—
Residential mortgage	29,954		29,954		260
Consumer installment	398		398		—
Home equity	2,778		2,778		—
Total	$	130,869	$	161,040	$	1,581
December 31, 2014
Impaired loans with a valuation allowance:
Commercial	$	966	$	1,040	$	293
Commercial real estate	2,587		2,927		710
Residential mortgage	19,681		19,681		335
Subtotal	23,234		23,648		1,338
Impaired loans with no related valuation allowance:
Commercial	38,094		44,557		—
Commercial real estate	60,616		82,693		—
Real estate construction	162		255		—
Land development	1,928		3,484		—
Residential mortgage	7,994		7,994		—
Consumer installment	518		518		—
Home equity	2,121		2,121		—
Subtotal	111,433		141,622		—
Total impaired loans:
Commercial	39,060		45,597		293
Commercial real estate	63,203		85,620		710
Real estate construction	162		255		—
Land development	1,928		3,484		—
Residential mortgage	27,675		27,675		335
Consumer installment	518		518		—
Home equity	2,121		2,121		—
Total	$	134,667	$	165,270	$	1,338

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
June 30, 2014
Impaired loans with a valuation allowance:
Commercial	$	2,905	$	3,258	$	563
Commercial real estate	4,369		5,605		777
Residential mortgage	20,353		20,353		379
Subtotal	27,627		29,216		1,719
Impaired loans with no related valuation allowance:
Commercial	39,420		43,463		—
Commercial real estate	46,205		58,997		—
Real estate construction	160		366		—
Land development	4,211		7,506		—
Residential mortgage	6,325		6,325		—
Consumer installment	536		536		—
Home equity	2,296		2,296		—
Subtotal	99,153		119,489		—
Total impaired loans:
Commercial	42,325		46,721		563
Commercial real estate	50,574		64,602		777
Real estate construction	160		366		—
Land development	4,211		7,506		—
Residential mortgage	26,678		26,678		379
Consumer installment	536		536		—
Home equity	2,296		2,296		—
Total	$	126,780	$	148,705	$	1,719

Schedule presents information related to impaired loans

The following schedule presents information related to impaired loans for the three and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30, 2015				Six Months Ended June 30, 2015
	Average Recorded Investment		Interest Income Recognized While on Impaired Status		Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	36,735	$	263	$	37,655	$	552
Commercial real estate	60,393		458		60,317		983
Real estate construction	390		2		515		2
Land development	1,900		34		1,888		61
Residential mortgage	29,432		380		28,392		711
Consumer installment	426		1		463		1
Home equity	2,529		14		2,440		22
Total	$	131,805	$	1,152	$	131,670	$	2,332

	Three Months Ended June 30, 2014				Six Months Ended June 30, 2014
	Average Recorded Investment		Interest Income Recognized While on Impaired Status		Average Recorded Investment		Interest Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	42,629	$	347	$	42,118	$	680
Commercial real estate	51,260		366		52,290		727
Real estate construction	163		—		165		—
Land development	4,312		34		4,478		71
Residential mortgage	26,737		328		26,758		631
Consumer installment	634		—		704		—
Home equity	2,221		—		2,194		—
Total	$	127,956	$	1,075	$	128,707	$	2,109

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 June 30, 2015, December 31, 2014 and June 30, 2014:

	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)
June 30, 2015
Originated Portfolio:
Commercial	$	4,055	$	2,317	$	711	$	17,260	$	24,343	$	1,335,513	$	1,359,856
Commercial real estate	2,754		1,117		56		25,287		29,214		1,334,212		1,363,426
Real estate construction	413		—		—		247		660		95,730		96,390
Land development	—		—		—		255		255		3,781		4,036
Residential mortgage	1,536		—		424		6,004		7,964		1,060,525		1,068,489
Consumer installment	2,526		302		—		393		3,221		868,715		871,936
Home equity	2,334		204		588		1,769		4,895		581,982		586,877
Total	$	13,618	$	3,940	$	1,779	$	51,215	$	70,552	$	5,280,458	$	5,351,010
Acquired Portfolio:
Commercial	$	690	$	—	$	3,781	$	—	$	4,471	$	390,546	$	395,017
Commercial real estate	969		291		6,603		—		7,863		872,224		880,087
Real estate construction	—		—		205		—		205		5,122		5,327
Land development	—		—		1,352		—		1,352		5,207		6,559
Residential mortgage	1,077		138		2,980		—		4,195		237,483		241,678
Consumer installment	—		56		5		—		61		15,910		15,971
Home equity	1,153		210		1,008		—		2,371		136,723		139,094
Total	$	3,889	$	695	$	15,934	$	—	$	20,518	$	1,663,215	$	1,683,733

	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, 2014
Originated Portfolio:
Commercial	$	4,033	$	743	$	170	$	16,418	$	21,364	$	1,234,534	$	1,255,898
Commercial real estate	7,515		1,383		—		24,966		33,864		1,170,562		1,204,426
Real estate construction	262		—		—		162		424		138,316		138,740
Land development	—		—		—		225		225		4,303		4,528
Residential mortgage	2,126		54		557		6,706		9,443		988,558		998,001
Consumer installment	3,620		512		—		500		4,632		814,746		819,378
Home equity	3,039		660		1,346		1,667		6,712		562,384		569,096
Total	$	20,595	$	3,352	$	2,073	$	50,644	$	76,664	$	4,913,403	$	4,990,067
Acquired Portfolio:
Commercial	$	133	$	—	$	5,427	$	—	$	5,560	$	93,423	$	98,983
Commercial real estate	2,014		352		11,052		—		13,418		339,804		353,222
Real estate construction	—		—		—		—		—		14,005		14,005
Land development	—		—		1,653		—		1,653		12,569		14,222
Residential mortgage	156		—		18		—		174		112,215		112,389
Consumer installment	55		3		454		—		512		9,680		10,192
Home equity	636		106		1,288		—		2,030		93,120		95,150
Total	$	2,994	$	461	$	19,892	$	—	$	23,347	$	674,816	$	698,163
June 30, 2014
Originated Portfolio:
Commercial	$	4,149	$	1,901	$	15	$	18,773	$	24,838	$	1,113,685	$	1,138,523
Commercial real estate	5,933		233		69		25,361		31,596		1,123,319		1,154,915
Real estate construction	—		—		—		160		160		88,415		88,575
Land development	—		—		—		2,184		2,184		4,106		6,290
Residential mortgage	2,515		—		376		6,325		9,216		950,769		959,985
Consumer installment	2,513		313		—		536		3,362		740,295		743,657
Home equity	2,002		985		1,075		2,296		6,358		526,106		532,464
Total	$	17,112	$	3,432	$	1,535	$	55,635	$	77,714	$	4,546,695	$	4,624,409
Acquired Portfolio:
Commercial	$	—	$	—	$	6,744	$	—	$	6,744	$	67,116	$	73,860
Commercial real estate	—		—		1,594		—		1,594		141,856		143,450
Real estate construction	—		—		—		—		—		12,593		12,593
Land development	—		—		1,977		—		1,977		2,689		4,666
Residential mortgage	—		—		69		—		69		10,343		10,412
Consumer installment	20		—		—		—		20		1,104		1,124
Home equity	325		49		63		—		437		27,853		28,290
Total	$	345	$	49	$	10,447	$	—	$	10,841	$	263,554	$	274,395

Schedule of Corporation's TDRs

The following schedule presents the Corporation’s loans reported as TDRs at June 30, 2015, December 31, 2014 and June 30, 2014:

	Performing TDRs		Non-Performing TDRs		Nonaccrual TDRs		Total
	(In thousands)
June 30, 2015
Commercial loan portfolio	$	28,203	$	14,547	$	32,001	$	74,751
Consumer loan portfolio	17,605		3,365		3,707		24,677
Total	$	45,808	$	17,912	$	35,708	$	99,428
December 31, 2014
Commercial loan portfolio	$	29,179	$	15,271	$	32,597	$	77,047
Consumer loan portfolio	16,485		3,196		4,594		24,275
Total	$	45,664	$	18,467	$	37,191	$	101,322
June 30, 2014
Commercial loan portfolio	$	29,296	$	11,049	$	40,351	$	80,696
Consumer loan portfolio	14,837		5,516		3,334		23,687
Total	$	44,133	$	16,565	$	43,685	$	104,383

Schedule providing information on TDRs

The following schedule provides information on the Corporation's TDRs that were modified during the three and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30, 2015					Six Months Ended June 30, 2015
	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	13	$	2,332	$	2,332	18	$	4,264	$	4,264
Commercial real estate	4	527		527		9	3,061		3,061
Land development	1	305		305		1	305		305
Subtotal – commercial loan portfolio	18	3,164		3,164		28	7,630		7,630
Consumer loan portfolio	29	1,633		1,631		39	1,969		1,967
Total	47	$	4,797	$	4,795	67	$	9,599	$	9,597

	Three Months Ended June 30, 2014					Six Months Ended June 30, 2014
	Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	15	$	3,575	$	3,575	27	$	11,931	$	11,931
Commercial real estate	12	3,134		3,134		21	5,924		5,924
Land development	—	—		—		1	72		72
Subtotal – commercial loan portfolio	27	6,709		6,709		49	17,927		17,927
Consumer loan portfolio	63	1,649		1,648		93	2,636		2,626
Total	90	$	8,358	$	8,357	142	$	20,563	$	20,553

Troubled debt restructurings on financing receivables with defaults payment

The following schedule includes TDRs for which there was a payment default during the three and six months ended June 30, 2015 and 2014, 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:

	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
	Number of Loans	Principal Balance at End of Period		Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	—	$	—	—	$	—
Commercial real estate	1	183		4	942
Subtotal – commercial loan portfolio	1	183		4	942
Consumer loan portfolio	—	—		1	33
Total	1	$	183	5	$	975
	Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
	Number of Loans	Principal Balance at End of Period		Number of Loans	Principal Balance at End of Period
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	5	$	771	6	$	875
Commercial real estate	3	603		5	2,273
Subtotal – commercial loan portfolio	8	1,374		11	3,148
Consumer loan portfolio	3	80		3	80
Total	11	$	1,454	14	$	3,228

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 and six months ended June 30, 2015 and details regarding the balance in the allowance and the recorded investment in loans at June 30, 2015 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 June 30, 2015:
Beginning balance	$	46,819		$	24,579		$	3,858	$	75,256
Provision for loan losses	(626		)	(109		)	2,235		1,500
Charge-offs	(915		)	(1,809		)	—		(2,724		)
Recoveries	249			660			—		909
Ending balance	$	45,527		$	23,321		$	6,093	$	74,941
Changes in allowance for loan losses for the six months ended June 30, 2015:
Beginning balance	$	44,156		$	28,803		$	2,724	$	75,683
Provision for loan losses	2,967			(3,336		)	3,369		3,000
Charge-offs	(2,419		)	(3,448		)	—		(5,867		)
Recoveries	823			1,302			—		2,125
Ending balance	$	45,527		$	23,321		$	6,093	$	74,941
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans individually evaluated for impairment	$	1,321		$	260		$	—	$	1,581
Loans collectively evaluated for impairment	44,206			23,061			6,093		73,360
Loans acquired with deteriorated credit quality	—			—			—		—
Total	$	45,527		$	23,321		$	6,093	$	74,941
Recorded investment (loan balance) at June 30, 2015:
Loans individually evaluated for impairment	$	85,799		$	20,970		$	—	$	106,769
Loans collectively evaluated for impairment	2,737,909			2,506,332			—		5,244,241
Loans acquired with deteriorated credit quality	1,286,990			396,743			—		1,683,733
Total	$	4,110,698		$	2,924,045		$	—	$	7,034,743

The following schedule presents, by loan portfolio segment, details regarding the balance in the allowance and the recorded investment in loans at December 31, 2014 by impairment evaluation method.

	Commercial Loan Portfolio		Consumer Loan Portfolio		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans individually evaluated for impairment	$	1,003	$	335	$	—	$	1,338
Loans collectively evaluated for impairment	43,153		27,968		2,724		73,845
Loans acquired with deteriorated credit quality	—		500		—		500
Total	$	44,156	$	28,803	$	2,724	$	75,683
Recorded investment (loan balance) at December 31, 2014:
Loans individually evaluated for impairment	$	86,221	$	19,681	$	—	$	105,902
Loans collectively evaluated for impairment	2,517,371		2,366,794		—		4,884,165
Loans acquired with deteriorated credit quality	480,432		217,731		—		698,163
Total	$	3,084,024	$	2,604,206	$	—	$	5,688,230

The following schedule presents, by loan portfolio segment, the changes in the allowance for the three and six months ended June 30, 2014 and details regarding the balance in the allowance and the recorded investment in loans at June 30, 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 June 30, 2014:
Beginning balance	$	45,010		$	29,233		$	4,230		$	78,473
Provision for loan losses	439			1,287			(226		)	1,500
Charge-offs	(1,814		)	(1,561		)	—			(3,375		)
Recoveries	589			606			—			1,195
Ending balance	$	44,224		$	29,565		$	4,004		$	77,793
Changes in allowance for loan losses for the six months ended June 30, 2014:
Beginning balance	$	44,482		$	30,145		$	4,445		$	79,072
Provision for loan losses	1,399			2,142			(441		)	3,100
Charge-offs	(3,023		)	(3,824		)	—			(6,847		)
Recoveries	1,366			1,102			—			2,468
Ending balance	$	44,224		$	29,565		$	4,004		$	77,793
Allowance for loan losses balance at June 30, 2014 attributable to:
Loans individually evaluated for impairment	$	1,340		$	379		$	—		$	1,719
Loans collectively evaluated for impairment	42,884			28,686			4,004			75,574
Loans acquired with deteriorated credit quality	—			500			—			500
Total	$	44,224		$	29,565		$	4,004		$	77,793
Recorded investment (loan balance) at June 30, 2014:
Loans individually evaluated for impairment	$	86,823		$	20,353		$	—		$	107,176
Loans collectively evaluated for impairment	2,301,480			2,215,753			—			4,517,233
Loans acquired with deteriorated credit quality	234,569			39,826			—			274,395
Total	$	2,622,872		$	2,275,932		$	—		$	4,898,804