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Loan and Lease Financings (Tables)
 9 Months Ended
Sep. 30, 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
September 30, 2014
 
 

 
 

 
 

Commercial and agricultural loans
 
$
660,946

 
$
35,263

 
$
696,209

Auto and light truck
 
404,514

 
18,228

 
422,742

Medium and heavy duty truck
 
245,058

 
3,956

 
249,014

Aircraft financing
 
672,847

 
27,947

 
700,794

Construction equipment financing
 
368,574

 
6,495

 
375,069

Commercial real estate
 
589,667

 
25,753

 
615,420

Total
 
$
2,941,606

 
$
117,642

 
$
3,059,248

 
 
 
 
 
 
 
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
September 30, 2014
 
 

 
 

 
 

Residential real estate
 
$
448,999

 
$
2,509

 
$
451,508

Consumer
 
143,288

 
377

 
143,665

Total
 
$
592,287

 
$
2,886

 
$
595,173

 
 
 
 
 
 
 
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
September 30, 2014
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
$
678,943

 
$
124

 
$
101

 
$
—

 
$
679,168

 
$
17,041

 
$
696,209

Auto and light truck
 
422,441

 
264

 
—

 
—

 
422,705

 
37

 
422,742

Medium and heavy duty truck
 
248,894

 
40

 
—

 
—

 
248,934

 
80

 
249,014

Aircraft financing
 
690,979

 
5,401

 
3,324

 
—

 
699,704

 
1,090

 
700,794

Construction equipment financing
 
373,290

 
981

 
—

 
—

 
374,271

 
798

 
375,069

Commercial real estate
 
610,005

 
14

 
57

 
—

 
610,076

 
5,344

 
615,420

Residential real estate
 
447,845

 
959

 
195

 
671

 
449,670

 
1,838

 
451,508

Consumer
 
142,565

 
526

 
197

 
81

 
143,369

 
296

 
143,665

Total
 
$
3,614,962

 
$
8,309

 
$
3,874

 
$
752

 
$
3,627,897

 
$
26,524

 
$
3,654,421

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Reserve
September 30, 2014
 
 

 
 

 
 

With no related reserve recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
$
6,862

 
$
6,862

 
$
—

Auto and light truck
 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
1,341

 
1,341

 
—

Construction equipment financing
 
758

 
758

 
—

Commercial real estate
 
12,410

 
12,410

 
—

Residential real estate
 
—

 
—

 
—

Consumer loans
 
—

 
—

 
—

Total with no related reserve recorded
 
21,371

 
21,371

 
—

With a reserve recorded:
 
 

 
 

 
 

Commercial and agricultural loans
 
10,466

 
10,466

 
3,415

Auto and light truck
 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

Aircraft financing
 
—

 
—

 
—

Construction equipment financing
 
—

 
—

 
—

Commercial real estate
 
820

 
820

 
76

Residential real estate
 
375

 
377

 
157

Consumer loans
 
—

 
—

 
—

Total with a reserve recorded
 
11,661

 
11,663

 
3,648

Total impaired loans
 
$
33,032

 
$
33,034

 
$
3,648

 
 
 
 
 
 
 
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 a reserve 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 September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
(Dollars in thousands) 
 
Average
Recorded
Investment
 
Interest
Income
 
Average
Recorded
Investment
 
Interest
Income
 
Average
Recorded
Investment
 
Interest
Income
 
Average
Recorded
Investment
 
Interest
Income
Commercial and agricultural loans
 
$
22,095

 
$
9

 
$
11,766

 
$
98

 
$
16,203

 
$
34

 
$
9,645

 
$
133

Auto and light truck
 
—

 
—

 
—

 
—

 
542

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
677

 
—

 
—

 
—

 
513

 
—

Aircraft financing
 
1,157

 
3

 
10,361

 
79

 
3,212

 
16

 
8,832

 
79

Construction equipment financing
 
941

 
—

 
1,447

 
1

 
1,001

 
—

 
3,376

 
4

Commercial real estate
 
13,415

 
148

 
16,531

 
155

 
13,263

 
442

 
18,507

 
459

Residential real estate
 
375

 
4

 
—

 
—

 
377

 
12

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
37,983

 
$
164

 
$
40,782

 
$
333

 
$
34,598

 
$
504

 
$
40,873

 
$
675
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 and nine months ended September 30, 2014 and 2013, segregated by class, as well as the recorded investment as of September 30. 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. There were three modifications during 2014 and two during 2013 that resulted in an interest rate reduction below market rate. Consequently, the financial impact of the modifications is immaterial.
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
(Dollars in thousands)
 
Number of Modifications
 
Recorded Investment
 
Number of Modifications
 
Recorded Investment
 
Number of Modifications
 
Recorded Investment
 
Number of Modifications
 
Recorded Investment
Performing TDRs:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
2

 
$
346

 
—

 
$
—

 
2

 
$
346

 
1

 
$
750

Auto and light truck
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Aircraft financing
 
1

 
337

 
—

 
—

 
2

 
337

 
—

 
—

Construction equipment financing
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Residential real estate
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total performing TDR modifications
 
3

 
$
683

 
—

 
$
—

 
4

 
$
683

 
1

 
$
750

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonperforming TDRs:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and agricultural loans
 
4

 
$
9,556

 
—

 
$
—

 
4

 
$
9,556

 
1

 
$
299

Auto and light truck
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Medium and heavy duty truck
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Aircraft financing
 
—

 
—

 
1

 
4,201

 
—

 
—

 
1

 
4,201

Construction equipment financing
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
1

 
820

 
—

 
—

 
1

 
820

 
—

 
—

Residential real estate
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total nonperforming TDR modifications
 
5

 
$
10,376

 
1

 
$
4,201

 
5

 
$
10,376

 
2

 
$
4,500

Total TDR modifications
 
8

 
$
11,059

 
1

 
$
4,201

 
9

 
$
11,059

 
3

 
$
5,250
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 September 30, 2014 and December 31, 2013.
 
(Dollars in thousands)
 
September 30,
2014
 
December 31,
2013
Performing TDRs
 
$
9,290

 
$
8,786

Nonperforming TDRs
 
17,001

 
11,824

Total TDRs
 
$
26,291

 
$
20,610