Loans

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Loans

Note 4 - Loans

A summary of loan balances follows (in thousands):

	September 30, 2014
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	141,854		$	82,766			—		$	3,787		$	228,407
Commercial		906,977			52,070			—			26,699			985,746
Total mortgage loan on real estate		1,048,831			134,836			—			30,486			1,214,153
Consumer:
Home equity lines of credit		300,995			11,744		$	5,545			3,658			321,942
Home equity loans		21,609			153			126			490			22,378
Auto Indirect		212			—			—			—			212
Other		27,201			1,823			—			64			29,088
Total consumer loans		350,017			13,720			5,671			4,212			373,620
Commercial		128,791			474			9			5,811			135,085
Construction:
Residential		22,860			—			—			1,526			24,386
Commercial		18,553			—			—			74			18,627
Total construction		41,413			—			—			1,600			43,013
Total loans, net of deferred loan fees and discounts	$	1,569,052		$	149,030		$	5,680		$	42,109		$	1,765,871
Total principal balance of loans owed, net of charge-offs	$	1,573,693		$	154,730		$	14,981		$	49,919		$	1,793,323
Unamortized net deferred loan fees		(4,641	)		—			—			—			(4,641	)
Discounts to principal balance of loans owed, net of charge-offs		—			(5,700	)		(9,301	)		(7,810	)		(22,811	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,569,052		$	149,030		$	5,680		$	42,109		$	1,765,871
Noncovered loans	$	1,569,052		$	149,030		$	5,680		$	17,890		$	1,741,652
Covered loans		—			—			—			24,219		$	24,219
Total loans, net of unamortized deferred loan fees and discounts	$	1,569,052		$	149,030		$	5,680		$	42,109		$	1,765,871
Allowance for loan losses	$	(31,249	)	$	(3,262	)	$	(398	)	$	(3,011	)	$	(37,920	)

A summary of loan balances follows (in thousands):

	December 31, 2013
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	129,882		$	60,475			—		$	4,656		$	195,013
Commercial		824,912			57,678			—			30,260			912,850
Total mortgage loan on real estate		954,794			118,153			—			34,916			1,107,863
Consumer:
Home equity lines of credit		316,207			13,576		$	6,200			3,883			339,866
Home equity loans		13,849			253			—			486			14,588
Auto Indirect		946			—			—			—			946
Other		25,608			2,074			—			81			27,763
Total consumer loans		356,610			15,903			6,200			4,450			383,163
Commercial		124,650			693			19			6,516			131,878
Construction:
Residential		30,367			—			—			1,566			31,933
Commercial		17,125			—			—			45			17,170
Total construction		47,492			—			—			1,611			49,103
Total loans, net of deferred loan fees and discounts	$	1,483,546		$	134,749		$	6,219		$	47,493		$	1,672,007
Total principal balance of loans owed, net of charge-offs	$	1,487,240		$	142,786		$	16,475		$	56,879		$	1,703,380
Unamortized net deferred loan fees		(3,694	)		—			—			—			(3,694	)
Discounts to principal balance of loans owed, net of charge-offs		—			(8,037	)		(10,256	)		(9,386	)		(27,679	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,483,546		$	134,749		$	6,219		$	47,493		$	1,672,007
Noncovered loans	$	1,483,546		$	134,749		$	6,219		$	19,581		$	1,644,095
Covered loans		—			—			—			27,912			27,912
Total loans, net of unamortized deferred loan fees and discounts	$	1,483,546		$	134,749		$	6,219		$	47,493		$	1,672,007
Allowance for loan losses	$	(31,354	)	$	(2,850	)	$	(385	)	$	(3,656	)	$	(38,245	)

The following is a summary of the change in accretable yield for PCI – other loans during the periods indicated (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Change in accretable yield:
Balance at beginning of period	$	16,298		$	19,727		$	18,232		$	22,337
Accretion to interest income		(1,355	)		(1,656	)		(4,368	)		(4,847	)
Reclassification (to) from nonaccretable difference		(70	)		1,850			1,009			2,431
Balance at end of period	$	14,873		$	19,921		$	14,873		$	19,921

Throughout these consolidated financial statements, and in particular in this Note 4 and Note 5, when we refer to “Loans” or “Allowance for loan losses” we mean all categories of loans, including Originated, PNCI, PCI – cash basis, and PCI - other. When we are not referring to all categories of loans, we will indicate which we are referring to – Originated, PNCI, PCI – cash basis, or PCI - other.