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Loan and Lease Financings (Tables)
 3 Months Ended
Mar. 31, 2014
Receivables [Abstract]  
Schedule of credit quality grades of the recorded investment in loans and leases, segregated by class
The following table shows the credit quality grades of the recorded investment in loans and leases, segregated by class.
 
 
 
Credit Quality Grades
(Dollars in thousands) 
 
1-6
 
7-12
 
Total
March 31, 2014
 
 

 
 

 
 

Commercial and agricultural loans
 
$
671,796

 
$
26,450

 
$
698,246

Auto and light truck
 
379,015

 
9,650

 
388,665

Medium and heavy duty truck
 
233,505

 
4,401

 
237,906

Aircraft financing
 
697,505

 
33,298

 
730,803

Construction equipment financing
 
345,542

 
7,254

 
352,796

Commercial real estate
 
564,365

 
24,264

 
588,629

Total
 
$
2,891,728

 
$
105,317

 
$
2,997,045

 
 
 
 
 
 
 
December 31, 2013
 
 

 
 

 
 

Commercial and agricultural loans
 
$
652,620

 
$
26,872

 
$
679,492

Auto and light truck
 
378,392

 
13,257

 
391,649

Medium and heavy duty truck
 
235,465

 
2,389

 
237,854

Aircraft financing
 
704,997

 
33,136

 
738,133

Construction equipment financing
 
325,849

 
7,239

 
333,088

Commercial real estate
 
557,692

 
26,305

 
583,997

Total
 
$
2,855,015

 
$
109,198

 
$
2,964,213
Schedule of recorded investment in residential real estate and consumer loans by performing or nonperforming status
The following table shows the recorded investment in residential real estate and consumer loans by performing or nonperforming status. Nonperforming loans are those loans which are on nonaccrual status or are 90 days or more past due.
 
(Dollars in thousands) 
 
Performing
 
Nonperforming
 
Total
March 31, 2014
 
 

 
 

 
 

Residential real estate
 
$
453,025

 
$
2,653

 
$
455,678

Consumer
 
124,402

 
443

 
124,845

Total
 
$
577,427

 
$
3,096

 
$
580,523

 
 
 
 
 
 
 
December 31, 2013
 
 

 
 

 
 

Residential real estate
 
$
458,385

 
$
2,596

 
$
460,981

Consumer
 
123,663

 
467

 
124,130

Total
 
$
582,048

 
$
3,063

 
$
585,111
Schedule of recorded investment of loans and leases, segregated by class, with delinquency aging and nonaccrual status
The following table shows the recorded investment of loans and leases, segregated by class, with delinquency aging and nonaccrual status.
 
(Dollars in thousands) 
 
Current
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days or More Past Due and Accruing
 
Total Accruing Loans
 
Nonaccrual
 
Total Financing Receivables
March 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
$
686,536

 
$
200

 
$
1

 
$
—

 
$
686,737

 
$
11,509

 
$
698,246

Auto and light truck
 
388,074

 
241

 
2

 
—

 
388,317

 
348

 
388,665

Medium and heavy duty truck
 
237,762

 
12

 
—

 
—

 
237,774

 
132

 
237,906

Aircraft financing
 
716,622

 
7,072

 
3,528

 
—

 
727,222

 
3,581

 
730,803

Construction equipment financing
 
351,206

 
424

 
—

 
—

 
351,630

 
1,166

 
352,796

Commercial real estate
 
583,474

 
—

 
—

 
—

 
583,474

 
5,155

 
588,629

Residential real estate
 
452,365

 
459

 
201

 
274

 
453,299

 
2,379

 
455,678

Consumer
 
123,669

 
598

 
135

 
33

 
124,435

 
410

 
124,845

Total
 
$
3,539,708

 
$
9,006

 
$
3,867

 
$
307

 
$
3,552,888

 
$
24,680

 
$
3,577,568

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
$
667,462

 
$
263

 
$
2

 
$
—

 
$
667,727

 
$
11,765

 
$
679,492

Auto and light truck
 
387,881

 
222

 
36

 
—

 
388,139

 
3,510

 
391,649

Medium and heavy duty truck
 
237,645

 
20

 
—

 
—

 
237,665

 
189

 
237,854

Aircraft financing
 
713,832

 
10,309

 
3,627

 
—

 
727,768

 
10,365

 
738,133

Construction equipment financing
 
331,083

 
973

 
—

 
—

 
332,056

 
1,032

 
333,088

Commercial real estate
 
576,933

 
—

 
—

 
—

 
576,933

 
7,064

 
583,997

Residential real estate
 
456,782

 
1,334

 
269

 
197

 
458,582

 
2,399

 
460,981

Consumer
 
122,657

 
786

 
220

 
84

 
123,747

 
383

 
124,130

Total
 
$
3,494,275

 
$
13,907

 
$
4,154

 
$
281

 
$
3,512,617

 
$
36,707

 
$
3,549,324
Schedule of impaired loans and leases, segregated by class, and the corresponding reserve for impaired loan and lease losses
The following table shows impaired loans and leases, segregated by class, and the corresponding reserve for impaired loan and lease losses.
 
(Dollars in thousands) 
 
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
March 31, 2014
 
 

 
 

 
 

With no related reserve recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
$
11,146

 
$
11,146

 
$
—

Auto and light truck
 
266

 
266

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
3,650

 
3,652

 
—

Construction equipment financing
 
784

 
784

 
—

Commercial real estate
 
12,789

 
12,789

 
—

Residential real estate
 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

Total with no related reserve recorded
 
28,635

 
28,637

 
—

With a reserve recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
—

 
—

 
—

Auto and light truck
 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
497

 
497

 
57

Construction equipment financing
 
345

 
345

 
9

Commercial real estate
 
—

 
—

 
—

Residential real estate
 
377

 
380

 
160

Consumer loans
 
—

 
—

 
—

Total with a reserve recorded
 
1,219

 
1,222

 
226

Total impaired loans
 
$
29,854

 
$
29,859

 
$
226

 
 
 
 
 
 
 
December 31, 2013
 
 

 
 

 
 

With no related reserve recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
$
11,231

 
$
11,230

 
$
—

Auto and light truck
 
3,499

 
3,499

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
9,764

 
9,764

 
—

Construction equipment financing
 
938

 
938

 
—

Commercial real estate
 
14,897

 
14,897

 
—

Residential real estate
 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

Total with no related reserve recorded
 
40,329

 
40,328

 
—

With an allowance recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
—

 
—

 
—

Auto and light truck
 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
563

 
563

 
113

Construction equipment financing
 
—

 
—

 
—

Commercial real estate
 
—

 
—

 
—

Residential real estate
 
381

 
381

 
161

Consumer loans
 
—

 
—

 
—

Total with a reserve recorded
 
944

 
944

 
274

Total impaired loans
 
$
41,273

 
$
41,272

 
$
274
Schedule of average recorded investment and interest income recognized on impaired loans and leases, segregated by class
The following table shows average recorded investment and interest income recognized on impaired loans and leases, segregated by class.
 
 
 
Three Months Ended March 31,
 
 
2014
 
2013
(Dollars in thousands) 
 
Average
Recorded
Investment
 
Interest
Income
 
Average
Recorded
Investment
 
Interest
Income
Commercial and agricultural loans
 
$
11,255

 
$
16

 
$
8,319

 
$
3

Auto and light truck
 
1,627

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
466

 
—

Aircraft financing
 
6,976

 
9

 
8,268

 
—

Construction equipment financing
 
949

 
—

 
4,705

 
2

Commercial real estate
 
13,666

 
147

 
20,545

 
152

Residential real estate
 
378

 
4

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

Total
 
$
34,851

 
$
176

 
$
42,303

 
$
157
Schedule of loans and leases classified as troubled debt restructuring and number of modifications
The following table shows the number of loans and leases classified as troubled debt restructuring (TDR) during the three months ended March 31, 2014 and 2013, segregated by class, as well as the recorded investment as of March 31. The classification between nonperforming and performing is shown at the time of modification. During 2014 and 2013, modification programs focused on extending maturity dates or modifying payment patterns with most TDRs experiencing a combination of concessions. The modifications did not result in the contractual forgiveness of principal or interest or interest rate reductions below market rates. Consequently, the financial impact of the modifications is immaterial.
 
 
 
Three Months Ended March 31,
 
 
2014
 
2013
(Dollars in thousands)
 
Number of Modifications
 
Recorded Investment
 
Number of Modifications
 
Recorded Investment
Performing TDRs:
 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
—

 
$
—

 
—

 
$
—

Auto and light truck
 
—

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

 
—

Aircraft financing
 
1

 
596

 
—

 
—

Construction equipment financing
 
—

 
—

 
—

 
—

Commercial real estate
 
—

 
—

 
—

 
—

Residential real estate
 
—

 
—

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

Total performing TDR modifications
 
1

 
$
596

 
—

 
$
—

 
 
 
 
 
 
 
 
 
Nonperforming TDRs:
 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
—

 
$
—

 
1

 
$
25

Auto and light truck
 
—

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

 
—

Aircraft financing
 
—

 
—

 
—

 
—

Construction equipment financing
 
—

 
—

 
—

 
—

Commercial real estate
 
—

 
—

 
—

 
—

Residential real estate
 
—

 
—

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

Total nonperforming TDR modifications
 
—

 
$
—

 
1

 
$
25

Total TDR modifications
 
1

 
$
596

 
1

 
$
25
Schedule of recorded investment in loans and leases classified as troubled debt restructuring
The following table shows the recorded investment of loans and leases classified as troubled debt restructurings as of March 31, 2014 and December 31, 2013.
 
(Dollars in thousands)
 
March 31,
2014
 
December 31,
2013
Performing TDRs
 
$
9,331

 
$
8,786

Nonperforming TDRs
 
9,434

 
11,824

Total TDRs
 
$
18,765

 
$
20,610