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Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Summary of loans under portfolio
A summary of the Corporation's loans follows:
(Dollars in thousands)
 
Originated
 
Acquired(1)
 
Total loans
 
December 31, 2016
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
Commercial
 
$
1,901,526

 
$
1,315,774

 
$
3,217,300

 
Commercial real estate
 
1,921,799

 
2,051,341

 
3,973,140

 
Real estate construction and land development
 
281,724

 
122,048

 
403,772

 
Subtotal
 
4,105,049

 
3,489,163

 
7,594,212

 
Consumer loan portfolio:
 
 
 
 
 
 
 
Residential mortgage
 
1,475,342

 
1,611,132

 
3,086,474

 
Consumer installment
 
1,282,588

 
151,296

 
1,433,884

 
Home equity
 
595,422

 
280,787

 
876,209

 
Subtotal
 
3,353,352

 
2,043,215

 
5,396,567

 
Total loans
 
$
7,458,401

 
$
5,532,378

 
$
12,990,779

(2) 
December 31, 2015
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
Commercial
 
$
1,521,515

 
$
384,364

 
$
1,905,879

 
Commercial real estate
 
1,424,059

 
688,103

 
2,112,162

 
Real estate construction and land development
 
185,147

 
46,929

 
232,076

 
Subtotal
 
3,130,721

 
1,119,396

 
4,250,117

 
Consumer loan portfolio:
 
 
 
 
 
 
 
Residential mortgage
 
1,216,975

 
212,661

 
1,429,636

 
Consumer installment
 
869,426

 
8,031

 
877,457

 
Home equity
 
590,812

 
123,125

 
713,937

 
Subtotal
 
2,677,213

 
343,817

 
3,021,030

 
Total loans
 
$
5,807,934

 
$
1,463,213

 
$
7,271,147

(2) 

(1) Acquired loans are accounted for under ASC 310-30.
(2) Reported net of deferred costs totaling $14.8 million and $10.7 million at December 31, 2016 and 2015, respectively.
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 credit risk categories at December 31, 2016 and 2015:
(Dollars in thousands)
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
1,803,750

 
$
44,809

 
$
51,898

 
$
1,069

 
$
1,901,526

Commercial real estate
 
1,849,315

 
36,981

 
35,502

 
1

 
1,921,799

Real estate construction and land development
 
280,968

 
157

 
599

 
—

 
281,724

Subtotal
 
3,934,033

 
81,947

 
87,999

 
1,070

 
4,105,049

Acquired Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
1,218,848

 
46,643

 
50,283

 
—

 
1,315,774

Commercial real estate
 
1,897,011

 
61,441

 
92,636

 
253

 
2,051,341

Real estate construction and land development
 
117,505

 
1,982

 
2,561

 
—

 
122,048

Subtotal
 
3,233,364

 
110,066

 
145,480

 
253

 
3,489,163

Total
 
$
7,167,397

 
$
192,013

 
$
233,479

 
$
1,323

 
$
7,594,212

December 31, 2015
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
1,418,301

 
$
34,727

 
$
66,392

 
$
2,095

 
$
1,521,515

Commercial real estate
 
1,341,202

 
31,036

 
51,821

 
—

 
1,424,059

Real estate construction and land development
 
183,323

 
180

 
1,644

 
—

 
185,147

Subtotal
 
2,942,826

 
65,943

 
119,857

 
2,095

 
3,130,721

Acquired Portfolio:
 
 
 
 
 
 
 
 
 
 
Commercial
 
340,782

 
28,321

 
15,261

 
—

 
384,364

Commercial real estate
 
629,430

 
23,926

 
34,747

 
—

 
688,103

Real estate construction and land development
 
41,683

 
2,556

 
2,690

 
—

 
46,929

Subtotal
 
1,011,895

 
54,803

 
52,698

 
—

 
1,119,396

Total
 
$
3,954,721

 
$
120,746

 
$
172,555

 
$
2,095

 
$
4,250,117
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 December 31, 2016 and 2015:
(Dollars in thousands)
 
Residential mortgage
 
Consumer
installment
 
Home equity
 
Total consumer
December 31, 2016
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
Performing
 
$
1,468,373

 
$
1,281,709

 
$
592,071

 
$
3,342,153

Nonperforming
 
6,969

 
879

 
3,351

 
11,199

Subtotal
 
1,475,342

 
1,282,588

 
595,422

 
3,353,352

Acquired Loans
 
1,611,132

 
151,296

 
280,787

 
2,043,215

Total
 
$
3,086,474

 
$
1,433,884

 
$
876,209

 
$
5,396,567

December 31, 2015
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
Performing
 
$
1,211,418

 
$
868,975

 
$
588,833

 
$
2,669,226

Nonperforming
 
5,557

 
451

 
1,979

 
7,987

Subtotal
 
1,216,975

 
869,426

 
590,812

 
2,677,213

Acquired Loans
 
212,661

 
8,031

 
123,125

 
343,817

Total
 
$
1,429,636

 
$
877,457

 
$
713,937

 
$
3,021,030
Summary of nonperforming loans
A summary of nonperforming assets follows:
 
 
December 31,
(Dollars in thousands)
 
2016
 
2015
Nonperforming assets
 
 
 
 
Nonaccrual loans:
 
 
 
 
Commercial
 
$
13,178

 
$
28,554

Commercial real estate
 
19,877

 
25,163

Real estate construction and land development
 
80

 
521

Residential mortgage
 
6,969

 
5,557

Consumer installment
 
879

 
451

Home equity
 
3,351

 
1,979

Total nonaccrual loans
 
44,334

 
62,225

Other real estate owned and repossessed assets
 
17,187

 
9,935

Total nonperforming assets
 
$
61,521

 
$
72,160

Accruing loans contractually past due 90 days or more as to interest or principal payments, excluding acquired loans accounted for under ASC 310-30
 
 
 
 
Commercial
 
11

 
364

Commercial real estate
 
277

 
254

Residential mortgage
 
—

 
402

Home equity
 
995

 
1,267

Total accruing loans contractually past due 90 days or more as to interest or principal payments, excluding acquired loans accounted for under ASC 310-30
 
$
1,283

 
$
2,287
Schedule representing the aging status of the recorded investment in loans by classes
Loan delinquency, excluding acquired loans accounted for under ASC 310-30, was as follows:
(Dollars in thousands)
 
30-59
days
past due
 
60-89
days
past due
 
90 days or more past due
 
Total past due
 
Current
 
Total loans
 
90 days or more past due and still accruing
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
10,421

 
$
4,842

 
$
3,641

 
$
18,904

 
$
1,882,622

 
$
1,901,526

 
$
11

Commercial real estate
 
6,551

 
1,589

 
5,165

 
13,305

 
1,908,494

 
1,921,799

 
277

Real estate construction and land development
 
2,721

 
499

 
—

 
3,220

 
278,504

 
281,724

 
—

Residential mortgage
 
3,147

 
62

 
1,752

 
4,961

 
1,470,381

 
1,475,342

 
—

Consumer installment
 
3,991

 
675

 
238

 
4,904

 
1,277,684

 
1,282,588

 
—

Home equity
 
3,097

 
893

 
2,349

 
6,339

 
589,083

 
595,422

 
995

Total
 
$
29,928

 
$
8,560

 
$
13,145

 
$
51,633

 
$
7,406,768

 
$
7,458,401

 
$
1,283

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Originated Portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
9,393

 
$
5,243

 
$
364

 
$
15,000

 
$
1,506,515

 
$
1,521,515

 
$
364

Commercial real estate
 
6,941

 
2,262

 
254

 
9,457

 
1,414,602

 
1,424,059

 
254

Real estate construction and land development
 
596

 
—

 
—

 
596

 
184,551

 
185,147

 
—

Residential mortgage
 
7,475

 
1,170

 
402

 
9,047

 
1,207,928

 
1,216,975

 
402

Consumer installment
 
3,347

 
741

 
—

 
4,088

 
865,338

 
869,426

 
—

Home equity
 
2,075

 
1,113

 
1,267

 
4,455

 
586,357

 
590,812

 
1,267

Total
 
$
29,827

 
$
10,529

 
$
2,287

 
$
42,643

 
$
5,765,291

 
$
5,807,934

 
$
2,287
Schedule of Impaired loans by classes
The following schedules present impaired loans by classes of loans at December 31, 2016 and December 31, 2015:
(Dollars in thousands)
 
Recorded
investment
 
Unpaid
principal
balance
 
Related
valuation
allowance
December 31, 2016
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
Commercial
 
$
28,925

 
$
33,209

 
$
3,128

Commercial real estate
 
21,318

 
27,558

 
2,102

Real estate construction and land development
 
177

 
177

 
4

Residential mortgage
 
20,864

 
20,864

 
3,528

Consumer installment
 
879

 
879

 
240

Home equity
 
2,577

 
2,577

 
390

Subtotal
 
71,284

 
81,808

 
8,762

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
Commercial
 
7,435

 
11,153

 
—

Commercial real estate
 
20,588

 
23,535

 
—

Real estate construction and land development
 
80

 
80

 
—

Residential mortgage
 
3,252

 
3,252

 
—

Consumer installment
 
—

 
—

 
—

Home equity
 
774

 
774

 
—

Subtotal
 
32,129

 
38,794

 
—

Total impaired loans:
 
 
 
 
 
 
Commercial
 
36,360

 
44,362

 
3,128

Commercial real estate
 
41,906

 
51,093

 
2,102

Real estate construction and land development
 
257

 
257

 
4

Residential mortgage
 
24,116

 
24,116

 
3,528

Consumer installment
 
879

 
879

 
—

Home equity
 
3,351

 
3,351

 
—

Total
 
$
106,869

 
$
124,058

 
$
8,762

    
(Dollars in thousands)
 
Recorded
investment
 
Unpaid
principal
balance
 
Related
valuation
allowance
December 31, 2015
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
Commercial
 
$
18,898

 
$
19,426

 
$
5,700

Commercial real estate
 
4,448

 
4,688

 
497

Residential mortgage
 
21,037

 
21,037

 
192

Subtotal
 
44,383

 
45,151

 
6,389

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
Commercial
 
27,304

 
32,395

 
—

Commercial real estate
 
48,747

 
59,949

 
—

Real estate construction and land development
 
982

 
1,062

 
—

Residential mortgage
 
5,557

 
5,557

 
—

Consumer installment
 
451

 
451

 
—

Home equity
 
1,979

 
1,979

 
—

Subtotal
 
85,020

 
101,393

 
—

Total impaired loans:
 
 
 
 
 
 
Commercial
 
46,202

 
51,821

 
5,700

Commercial real estate
 
53,195

 
64,637

 
497

Real estate construction and land development
 
982

 
1,062

 
—

Residential mortgage
 
26,594

 
26,594

 
192

Consumer installment
 
451

 
451

 
—

Home equity
 
1,979

 
1,979

 
—

Total
 
$
129,403

 
$
146,544

 
$
6,389

The following schedule presents additional information regarding impaired loans by classes of loans segregated by those requiring a valuation allowance and those not requiring a valuation allowance at December 31, 2016, 2015 and 2014 and the respective interest income amounts recognized:
 
 
For the years ended December 31,
 
 
2016
 
2015
 
2014
(Dollars in thousands)
 
Average annual recorded investment
 
Interest income recognized while on impaired status
 
Average annual recorded investment
 
Interest income recognized while on impaired status
 
Average annual recorded investment
 
Interest income recognized while on impaired status
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
7,829

 
$
—

 
$
9,511

 
$
—

 
$
2,117

 
$
—

Commercial real estate
 
5,658

 
—

 
2,918

 
—

 
3,699

 
—

Real estate construction and land development
 
19

 
—

 
—

 
—

 
—

 
—

Residential mortgage
 
23,958

 
1,285

 
20,661

 
1,312

 
19,740

 
1,252

Consumer installment
 
359

 
—

 
—

 
—

 
—

 
—

Home equity
 
1,759

 
—

 
—

 
—

 
—

 
—

Subtotal
 
37,464

 
1,285

 
33,090

 
1,312

 
25,556

 
1,252

Impaired loans with no related valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
29,559

 
1,343

 
27,778

 
1,005

 
32,895

 
961

Commercial real estate
 
41,646

 
1,236

 
50,079

 
1,547

 
46,344

 
1,342

Real estate construction and land development
 
585

 
22

 
889

 
25

 
1,831

 
3

Residential mortgage
 
1,519

 
—

 
6,027

 
—

 
6,783

 
—

Consumer installment
 
—

 
—

 
448

 
—

 
592

 
—

Home equity
 
555

 
—

 
1,872

 
—

 
2,118

 
—

Subtotal
 
73,864

 
2,601

 
87,093

 
2,577

 
90,563

 
2,306

Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
37,388

 
1,343

 
37,289

 
1,005

 
35,012

 
961

Commercial real estate
 
47,304

 
1,236

 
52,997

 
1,547

 
50,043

 
1,342

Real estate construction and land development
 
604

 
22

 
889

 
25

 
1,831

 
3

Residential mortgage
 
25,477

 
1,285

 
26,688

 
1,312

 
26,523

 
1,252

Consumer installment
 
359

 
—

 
448

 
—

 
592

 
—

Home equity
 
2,314

 
—

 
1,872

 
—

 
2,118

 
—

Total
 
$
113,446

 
$
3,886

 
$
120,183

 
$
3,889

 
$
116,119

 
$
3,558
Schedule providing information on performing and nonperforming TDRs
The following tables present the recorded investment of loans modified into TDRs during the years ended December 31, 2016, 2015 and 2014 by type of concession granted. In cases where more than one type of concession was granted, the loans were categorized based on the most significant concession.
 
Concession type
 
 
 
 
(Dollars in thousands)
Principal
deferral
 
Principal
reduction
 
A/B Note Restructure(1)
 
Interest
rate
 
Forbearance
agreement
 
Total
number
of loans
 
Pre-
modification
recorded
investment
 
Post-
modification
recorded
investment
For the year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
11,533

 
$
1,527

 
$
43

 
$
—

 
$
1,750

 
54

 
$
14,853

 
$
14,853

Commercial real estate
2,993

 
1,866

 
—

 
—

 
—

 
16

 
4,859

 
4,859

Subtotal
14,526

 
3,393

 
43

 
—

 
1,750

 
70

 
19,712

 
19,712

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
477

 
—

 
—

 
—

 
—

 
4

 
477

 
477

Consumer installment
87

 
—

 
—

 
—

 
—

 
14

 
87

 
87

Home equity
179

 
—

 
—

 
364

 
—

 
10

 
543

 
543

Subtotal
743

 
—

 
—

 
364

 
—

 
28

 
1,107

 
1,107

Total loans
$
15,269

 
$
3,393

 
$
43

 
$
364

 
$
1,750

 
98

 
$
20,819

 
$
20,819

(1)Loan restructurings whereby the original loan is restructured into two notes: an "A" note, which generally reflects the portion of the modified loans which is expected to be collected: and a "B" note, which is fully charged off.
 
Concession type
 
 
 
 
(Dollars in thousands)
Principal
deferral
 
Principal
reduction
 
A/B Note Restructure(1)
 
Interest
rate
 
Forbearance
agreement
 
Total
number
of loans
 
Pre-
modification
recorded
investment
 
Post-
modification
recorded
investment
For the year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
6,031

 
$
—

 
$
—

 
$
117

 
$
5,298

 
53

 
$
11,446

 
$
11,446

Commercial real estate
5,904

 
450

 
—

 
102

 
740

 
21

 
7,196

 
7,196

Real estate construction and land development
705

 
—

 
—

 
—

 
—

 
3

 
705

 
705

Subtotal
12,640

 
450

 
—

 
219

 
6,038

 
77

 
19,347

 
19,347

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
1,246

 
—

 
—

 
635

 
—

 
20

 
1,881

 
1,881

Consumer installment
210

 
—

 
—

 
—

 
—

 
19

 
210

 
210

Home equity
1,110

 
—

 
—

 
46

 
—

 
26

 
1,158

 
1,156

Subtotal
2,566

 
—

 
—

 
681

 
—

 
65

 
3,249

 
3,247

Total loans
$
15,206

 
$
450

 
$
—

 
$
900

 
$
6,038

 
142

 
$
22,596

 
$
22,594

(1)Loan restructurings whereby the original loan is restructured into two notes: an "A" note, which generally reflects the portion of the modified loans which is expected to be collected: and a "B" note, which is fully charged off.

 
Concession type
 
 
 
 
(Dollars in thousands)
Principal
deferral
 
Principal
reduction
 
A/B Note Restructure(1)
 
Interest
rate
 
Forbearance
agreement
 
Total
number
of loans
 
Pre-
modification
recorded
investment
 
Post-
modification
recorded
investment
For the year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
12,657

 
$
112

 
$
111

 
$
901

 
$
—

 
53

 
$
13,781

 
$
13,781

Commercial real estate
10,713

 
154

 
223

 
671

 
314

 
46

 
12,075

 
12,075

Real estate construction and land development
72

 
—

 
—

 
—

 
—

 
1

 
72

 
72

Subtotal
23,442

 
266

 
334

 
1,572

 
314

 
100

 
25,928

 
25,928

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
1,832

 
—

 
—

 
991

 
—

 
36

 
2,847

 
2,823

Consumer installment
572

 
—

 
—

 
—

 
—

 
52

 
572

 
572

Home equity
606

 
—

 
—

 
157

 
—

 
31

 
765

 
763

Subtotal
3,010

 
—

 
—

 
1,148

 
—

 
119

 
4,184

 
4,158

Total loans
$
26,452

 
$
266

 
$
334

 
$
2,720

 
$
314

 
219

 
$
30,112

 
$
30,086

(1)Loan restructurings whereby the original loan is restructured into two notes: an "A" note, which generally reflects the portion of the modified loans which is expected to be collected: and a "B" note, which is fully charged off.
Schedule of Corporation's TDRs
The following schedule presents the Corporation's TDRs at December 31, 2016 and 2015:
(Dollars in thousands)
 
Accruing
 TDRs
 
Nonaccrual TDRs
 
Total
December 31, 2016
 
 
 
 
 
 
Commercial loan portfolio
 
$
45,388

 
$
25,397

 
$
70,785

Consumer loan portfolio
 
17,147

 
5,134

 
22,281

Total
 
$
62,535

 
$
30,531

 
$
93,066

December 31, 2015
 
 
 
 
 
 
Commercial loan portfolio
 
$
46,141

 
$
32,682

 
$
78,823

Consumer loan portfolio
 
21,037

 
3,251

 
24,288

Total
 
$
67,178

 
$
35,933

 
$
103,111
Troubled debt restructurings on financing receivables with defaults payment
The following schedule includes TDRs for which there was a payment default during the years ended December 31, 2016, 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:
 
 
For the years ended December 31,
 
 
2016
 
2015
 
2014
 
 
Number of loans
 
Principal balance at year end
 
Number of loans
 
Principal balance at year end
 
Number of loans
 
Principal balance at year end
(Dollars in thousands)
 
 
 
 
 
 
Commercial loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
—
 
$
—

 
1
 
$
1,206

 
7
 
$
885

Commercial real estate
 
2
 
1,721

 
5
 
1,016

 
6
 
2,352

Subtotal — commercial loan portfolio
 
2
 
1,721

 
6
 
2,222

 
13
 
3,237

Consumer loan portfolio (residential mortgage)
 
14
 
259

 
3
 
65

 
12
 
259

Total
 
16
 
$
1,980

 
9
 
$
2,287

 
25
 
$
3,496
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 years ended December 31, 2016, 2015 and 2014, and details regarding the balance in the allowance and the recorded investment in loans at December 31, 2016 and 2015 by impairment evaluation method.
(Dollars in thousands)
 
Commercial
loan
portfolio
 
Consumer
loan
portfolio
 
Unallocated
 
Total
Changes in allowance for loan losses for the year ended December 31, 2016:
 
 
 
 
Beginning balance
 
$
47,234

 
$
26,094

 
$
—

 
$
73,328

Provision for loan losses
 
9,788

 
5,087

 
—

 
14,875

Charge-offs
 
(8,906
)
 
(6,396
)
 
—

 
(15,302
)
Recoveries
 
3,085

 
2,282

 
—

 
5,367

Ending balance
 
$
51,201

 
$
27,067

 
$
—

 
$
78,268

Allowance for loan losses balance at December 31, 2016 attributable to:
 
 
 
 
Loans individually evaluated for impairment
 
$
5,234

 
$
3,528

 
$
—

 
$
8,762

Loans collectively evaluated for impairment
 
45,967

 
23,539

 
—

 
69,506

Loans accounted for under ASC 310-30
 
—

 
—

 
—

 
—

Total
 
$
51,201

 
$
27,067

 
$
—

 
$
78,268

Recorded investment (loan balance) at December 31, 2016:
 
 
 
 
Loans individually evaluated for impairment
 
$
78,523

 
$
28,346

 
$
—

 
$
106,869

Loans collectively evaluated for impairment
 
4,026,526

 
3,325,006

 
—

 
7,351,532

Loans accounted for under ASC 310-30
 
3,489,163

 
2,043,215

 
—

 
5,532,378

Total
 
$
7,594,212

 
$
5,396,567

 
$
—

 
$
12,990,779

Changes in allowance for loan losses for the year ended December 31, 2015:
 
 
 
 
Beginning balance
 
$
44,156

 
$
28,803

 
$
2,724

 
$
75,683

Provision (benefit) for loan losses
 
7,275

 
1,949

 
(2,724
)
 
6,500

Charge-offs
 
(6,385
)
 
(7,116
)
 
—

 
(13,501
)
Recoveries
 
2,188

 
2,458

 
—

 
4,646

Ending balance
 
$
47,234

 
$
26,094

 
$
—

 
$
73,328

Allowance for loan losses balance at December 31, 2015 attributable to:
 
 
 
 
Loans individually evaluated for impairment
 
$
6,197

 
$
192

 
$
—

 
$
6,389

Loans collectively evaluated for impairment
 
41,037

 
25,902

 
—

 
66,939

Loans accounted for under ASC 310-30
 
—

 
—

 
—

 
—

Total
 
$
47,234

 
$
26,094

 
$
—

 
$
73,328

Recorded investment (loan balance) at December 31, 2015:
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
100,379

 
$
29,024

 
$
—

 
$
129,403

Loans collectively evaluated for impairment
 
3,030,342

 
2,648,189

 
—

 
5,678,531

Loans accounted for under ASC 310-30
 
1,119,396

 
343,817

 
—

 
1,463,213

Total
 
$
4,250,117

 
$
3,021,030

 
$
—

 
$
7,271,147

Changes in allowance for loan losses for the year ended December 31, 2014:
 
 
 
 
Beginning balance
 
$
44,482

 
$
30,145

 
$
4,445

 
$
79,072

Provision (benefit) for loan losses
 
3,464

 
4,357

 
(1,721
)
 
6,100

Charge-offs
 
(6,399
)
 
(7,830
)
 
—

 
(14,229
)
Recoveries
 
2,609

 
2,131

 
—

 
4,740

Ending balance
 
$
44,156

 
$
28,803

 
$
2,724

 
$
75,683