Loans

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Loans

Note 4 – Loans

A summary of loan balances follows (in thousands):

	June 30, 2016
	Originated			PNCI			PCI - Cash basis			PCI - Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	221,460		$	95,121			—		$	1,625		$	318,206
Commercial		1,297,858			281,018			—			15,942			1,594,818
Total mortgage loan on real estate		1,519,318			376,139			—			17,567			1,913,024
Consumer:
Home equity lines of credit		273,849			26,579			4,092			2,158			306,678
Home equity loans		36,517			3,854			124			1,507			42,002
Other		29,623			2,748			—			63			32,434
Total consumer loans		339,989			33,181			4,216			3,728			381,114
Commercial		189,494			16,062			—			4,284			209,840
Construction:
Residential		48,608			13,174			—			549			62,331
Commercial		78,200			9,121			—			—			87,321
Total construction		126,808			22,295			—			549			149,652
Total loans, net of deferred loan fees and discounts	$	2,175,609		$	447,677		$	4,216		$	26,128		$	2,653,630
Total principal balance of loans owed, net of charge-offs	$	2,181,868		$	459,359		$	11,025		$	30,949		$	2,683,201
Unamortized net deferred loan fees		(6,259	)		—			—			—			(6,259	)
Discounts to principal balance of loans owed, net of charge-offs		—			(11,682	)		(6,809	)		(4,821	)		(23,312	)
Total loans, net of unamortized deferred loan fees and discounts	$	2,175,609		$	447,677		$	4,216		$	26,128		$	2,653,630
Noncovered loans	$	2,175,609		$	447,677		$	4,216		$	21,884		$	2,649,386
Covered loans		—			—			—			4,244			4,244
Total loans, net of unamortized deferred loan fees and discounts	$	2,175,609		$	447,677		$	4,216		$	26,128		$	2,653,630
Allowance for loan losses	$	(30,362	)	$	(2,339	)	$	(16	)	$	(2,792	)	$	(35,509	)

A summary of loan balances follows (in thousands):

	December 31, 2015
							PCI -			PCI -
	Originated			PNCI			Cash basis			Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	207,585		$	104,535			—		$	2,145		$	314,265
Commercial		1,163,643			310,864			—			23,060			1,497,567
Total mortgage loan on real estate		1,371,228			415,399			—			25,205			1,811,832
Consumer:
Home equity lines of credit		285,419			29,335		$	4,954			2,784			322,492
Home equity loans		34,717			4,018			124			1,503			40,362
Other		28,998			3,367			—			64			32,429
Total consumer loans		349,134			36,720			5,078			4,351			395,283
Commercial		170,320			19,744			1			4,848			194,913
Construction:
Residential		31,778			13,636			—			721			46,135
Commercial		66,285			8,489			—			—			74,774
Total construction		98,063			22,125			—			721			120,909
Total loans, net of deferred loan fees and discounts	$	1,988,745		$	493,988		$	5,079		$	35,125		$	2,522,937
Total principal balance of loans owed, net of charge-offs	$	1,995,296		$	507,935		$	12,686		$	39,693		$	2,555,610
Unamortized net deferred loan fees		(6,551	)		—			—			—			(6,551	)
Discounts to principal balance of loans owed, net of charge-offs		—			(13,947	)		(7,607	)		(4,568	)		(26,122	)
Total loans, net of unamortized deferred loan fees and discounts	$	1,988,745		$	493,988		$	5,079		$	35,125		$	2,522,937
Noncovered loans	$	1,988,745		$	493,988		$	5,079		$	29,890		$	2,517,702
Covered loans		—			—			—			5,235			5,235
Total loans, net of unamortized deferred loan fees and discounts	$	1,988,745		$	493,988		$	5,079		$	35,125		$	2,522,937
Allowance for loan losses	$	(31,271	)	$	(1,848	)	$	(121	)	$	(2,771	)	$	(36,011	)

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

	Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
Change in accretable yield:
Balance at beginning of period	$	11,980		$	13,402		$	13,255		$	14,159
Accretion to interest income		(1,016	)		(1,375	)		(2,107	)		(2,930	)
Reclassification (to) from nonaccretable difference		811			920			627			1,718
Balance at end of period	$	11,775		$	12,947		$	11,775		$	12,947