Loans

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Loans

Note 4 – Loans

A summary of loan balances follows (in thousands):

	March 31, 2015
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	160,041		$	118,316			—		$	4,026		$	282,383
Commercial		970,433			366,096			—			27,951			1,364,480
Total mortgage loan on real estate		1,130,474			484,412			—			31,977			1,646,863
Consumer:
Home equity lines of credit		299,298			36,953			5,459			3,500			345,210
Home equity loans		26,892			4,841			124			629			32,486
Auto Indirect		32			—			—			—			32
Other		28,740			4,189			—			70			32,999
Total consumer loans		354,962			45,983			5,583			4,199			410,727
Commercial		134,055			36,429			6			7,050			177,540
Construction:
Residential		23,664			15,705			—			736			40,105
Commercial		32,558			13,090			—			—			45,648
Total construction		56,222			28,795			—			736			85,753
Total loans, net of deferred loan fees and discounts	$	1,675,713		$	595,619		$	5,589		$	43,962		$	2,320,883
Total principal balance of loans owed, net of charge-offs	$	1,680,523		$	612,382		$	14,592		$	51,785		$	2,359,282
Unamortized net deferred loan fees		(4,810	)		—			—			—			(4,810	)
Discounts to principal balance of loans owed, net of charge-offs		—			(16,763	)		(9,003	)		(7,823	)		(33,589	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,675,713		$	595,619		$	5,589		$	43,962		$	2,320,883
Noncovered loans	$	1,675,713		$	595,619		$	5,589		$	23,542		$	2,300,463
Covered loans		—			—			—			20,420			20,420
Total loans, net of unamortized deferred loan fees and discounts	$	1,675,713		$	595,619		$	5,589		$	43,962		$	2,320,883
Allowance for loan losses	$	(30,032	)	$	(2,925	)	$	(340	)	$	(2,758	)	$	(36,055	)

A summary of loan balances follows (in thousands):

	December 31, 2014
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	154,594		$	120,821			—		$	4,005		$	279,420
Commercial		928,797			376,225			—			30,917			1,335,939
Total mortgage loan on real estate		1,083,391			497,046			—			34,922			1,615,359
Consumer:
Home equity lines of credit		305,166			38,397		$	5,478			3,543			352,584
Home equity loans		23,559			6,985			125			645			31,314
Auto Indirect		112			—			—			—			112
Other		28,230			4,770			—			74			33,074
Total consumer loans		357,067			50,152			5,603			4,262			417,084
Commercial		126,611			40,899			8			7,427			174,945
Construction:
Residential		21,135			16,808			—			675			38,618
Commercial		24,545			11,973			—			—			36,518
Total construction		45,680			28,781			—			675			75,136
Total loans, net of deferred loan fees and discounts	$	1,612,749		$	616,878		$	5,611		$	47,286		$	2,282,524
Total principal balance of loans owed, net of charge-offs	$	1,617,542		$	634,490		$	14,805		$	56,016		$	2,322,853
Unamortized net deferred loan fees		(4,793	)		—			—			—			(4,793	)
Discounts to principal balance of loans owed, net of charge-offs		—			(17,612	)		(9,194	)		(8,730	)		(35,536	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,612,749		$	616,878		$	5,611		$	47,286		$	2,282,524
Noncovered loans	$	1,612,749		$	616,878		$	5,611		$	25,018		$	2,260,256
Covered loans		—			—			—			22,268			22,268
Total loans, net of unamortized deferred loan fees and discounts	$	1,612,749		$	616,878		$	5,611		$	47,286		$	2,282,524
Allowance for loan losses	$	(29,860	)	$	(3,296	)	$	(348	)	$	(3,081	)	$	(36,585	)

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

	Three months ended March 31,
	2015			2014
Change in accretable yield:
Balance at beginning of period	$	14,159		$	18,232
Accretion to interest income		(1,818	)		(1,631	)
Reclassification (to) from nonaccretable difference		1,061			837
Balance at end of period	$	13,402		$	17,438