Loans (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Summary of Loan Balances

A summary of loan balances follows (in thousands):

	September 30, 2015
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	191,626		$	108,267			—		$	2,212		$	302,105
Commercial		1,102,277			325,942			—			26,758			1,454,977
Total mortgage loan on real estate		1,293,903			434,209			—			28,970			1,757,082
Consumer:
Home equity lines of credit		291,807			31,315		$	5,212			3,355			331,689
Home equity loans		32,585			4,161			124			1,495			38,365
Other		29,447			3,516			—			64			33,027
Total consumer loans		353,839			38,992			5,336			4,914			403,081
Commercial		172,714			21,623			3			4,990			199,330
Construction:
Residential		30,412			14,925			—			730			46,067
Commercial		53,279			10,727			—			—			64,006
Total construction		83,691			25,652			—			730			110,073
Total loans, net of deferred loan fees and discounts	$	1,904,147		$	520,476		$	5,339		$	39,604		$	2,469,566
Total principal balance of loans owed, net of charge-offs	$	1,910,379		$	534,973		$	13,249		$	45,503		$	2,504,104
Unamortized net deferred loan fees		(6,232	)		—			—			—			(6,232	)
Discounts to principal balance of loans owed, net of charge-offs		—			(14,497	)		(7,910	)		(5,899	)		(28,306	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,904,147		$	520,476		$	5,339		$	39,604		$	2,469,566
Noncovered loans	$	1,904,147		$	520,476		$	5,339		$	33,718		$	2,463,680
Covered loans		—			—			—			5,886			5,886
Total loans, net of unamortized deferred loan fees and discounts	$	1,904,147		$	520,476		$	5,339		$	39,604		$	2,469,566
Allowance for loan losses	$	30,340		$	2,339		$	310		$	3,529		$	36,518

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	)

Change in Accretable Yield for PCI

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,
	2015			2014			2015			2014
Change in accretable yield:
Balance at beginning of period	$	12,947		$	16,298		$	14,159		$	18,232
Accretion to interest income		(1,510	)		(1,355	)		(4,440	)		(4,368	)
Reclassification (to) from nonaccretable difference		1,439			(70	)		3,157			1,009
Balance at end of period	$	12,876		$	14,873		$	12,876		$	14,873