Loans

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Loans

Note 4 – Loans

A summary of loan balances follows (in thousands):

	September 30, 2016
	Originated			PNCI			PCI -   Cash basis			PCI -   Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	225,179		$	86,525			—		$	1,365		$	313,069
Commercial		1,399,315			272,548			—			13,981			1,685,844
Total mortgage loan on real estate		1,624,494			359,073			—			15,346			1,998,913
Consumer:
Home equity lines of credit		272,275			24,378			3,507			1,724			301,884
Home equity loans		38,265			3,702			124			1,430			43,521
Other		28,982			2,568			—			61			31,611
Total consumer loans		339,522			30,648			3,631			3,215			377,016
Commercial		199,947			13,015			—			4,148			217,110
Construction:
Residential		57,203			146			—			543			57,892
Commercial		52,370			8,925			—			—			61,295
Total construction		109,573			9,071			—			543			119,187
Total loans, net of deferred loan fees and discounts	$	2,273,536		$	411,807		$	3,631		$	23,252		$	2,712,226
Total principal balance of loans owed, net of charge-offs	$	2,280,572		$	422,356		$	9,663		$	27,445		$	2,740,036
Unamortized net deferred loan fees		(7,036	)		—			—			—			(7,036	)
Discounts to principal balance of loans owed, net of charge-offs		—			(10,549	)		(6,032	)		(4,193	)		(20,774	)
Total loans, net of unamortized deferred loan fees and discounts	$	2,273,536		$	411,807		$	3,631		$	23,252		$	2,712,226
Noncovered loans	$	2,273,536		$	411,807		$	3,631		$	19,434		$	2,708,408
Covered loans		—			—			—			3,818			3,818
Total loans, net of unamortized deferred loan fees and discounts	$	2,273,536		$	411,807		$	3,631		$	23,252		$	2,712,226
Allowance for loan losses	$	(28,955	)	$	(1,769	)	$	(25	)	$	(2,735	)	$	(33,484	)

A summary of loan balances follows (in thousands):

	December 31, 2015
	Originated			PNCI			PCI -   Cash basis			PCI -   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 September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Change in accretable yield:
Balance at beginning of period	$	11,775		$	12,947		$	13,255		$	14,159
Accretion to interest income		(961	)		(1,510	)		(3,068	)		(4,440	)
Reclassification (to) from nonaccretable difference		(160	)		1,439			467			3,157
Balance at end of period	$	10,654		$	12,876		$	10,654		$	12,876