Loans

9 Months Ended

Sep. 30, 2017

Receivables [Abstract]

Loans

Note 4 – Loans

A summary of loan balances follows (in thousands):

	September 30, 2017
							PCI -			PCI -
	Originated			PNCI			Cash basis			Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	321,852		$	67,815			—		$	1,405		$	391,072
Commercial		1,588,790			206,841			—			8,171			1,803,802
Total mortgage loan on real estate		1,910,642			274,656			—			9,576			2,194,874
Consumer:
Home equity lines of credit		269,470			17,084		$	2,209			743			289,506
Home equity loans		41,486			2,810			—			737			45,033
Other		24,435			2,302			—			44			26,781
Total consumer loans		335,391			22,196			2,209			1,524			361,320
Commercial		215,946			8,838			—			2,695			227,479
Construction:
Residential		75,108			12			—			—			75,120
Commercial		69,452			3,368			—			—			72,820
Total construction		144,560			3,380			—			—			147,940
Total loans, net of deferred loan fees and discounts	$	2,606,539		$	309,070		$	2,209		$	13,795		$	2,931,613
Total principal balance of loans owed, net of charge-offs	$	2,614,521		$	316,657		$	6,519		$	17,626		$	2,955,323
Unamortized net deferred loan fees		(7,982	)		—			—			—			(7,982	)
Discounts to principal balance of loans owed, net of charge-offs		—			(7,587	)		(4,310	)		(3,831	)		(15,728	)
Total loans, net of deferred loan fees and discounts	$	2,606,539		$	309,070		$	2,209		$	13,795		$	2,931,613
Noncovered loans	$	2,606,539		$	309,070		$	2,209		$	13,795		$	2,931,613
Covered loans		—			—			—			—			—
Total loans, net of deferred loan fees and discounts	$	2,606,539		$	309,070		$	2,209		$	13,795		$	2,931,613
Allowance for loan losses	$	(27,417	)	$	(1,043	)	$	(12	)	$	(275	)	$	(28,747	)

A summary of loan balances follows (in thousands):

	December 31, 2016
							PCI -			PCI -
	Originated			PNCI			Cash basis			Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	284,539		$	82,335			—		$	1,469		$	368,343
Commercial		1,425,828			246,491			—			12,802			1,685,121
Total mortgage loan on real estate		1,710,367			328,826			—			14,271			2,053,464
Consumer:
Home equity lines of credit		263,590			21,765		$	2,983			1,377			289,715
Home equity loans		40,736			3,764			—			1,682			46,182
Other		28,167			2,534			—			65			30,766
Total consumer loans		332,493			28,063			2,983			3,124			366,663
Commercial		200,735			12,321			—			3,991			217,047
Construction:
Residential		54,613			141			—			675			55,429
Commercial		58,119			8,871			—			—			66,990
Total construction		112,732			9,012			—			675			122,419
Total loans, net of deferred loan fees and discounts	$	2,356,327		$	378,222		$	2,983		$	22,061		$	2,759,593
Total principal balance of loans owed, net of charge-offs	$	2,363,243		$	388,139		$	8,280		$	25,650		$	2,785,312
Unamortized net deferred loan fees		(6,916	)		—			—			—			(6,916	)
Discounts to principal balance of loans owed, net of charge-offs		—			(9,917	)		(5,297	)		(3,589	)		(18,803	)
Total loans, net of unamortized deferred loan fees and discounts	$	2,356,327		$	378,222		$	2,983		$	22,061		$	2,759,593
Noncovered loans	$	2,356,327		$	378,222		$	2,983		$	18,885		$	2,756,417
Covered loans		—			—			—			3,176			3,176
Total loans, net of unamortized deferred loan fees and discounts	$	2,356,327		$	378,222		$	2,983		$	22,061		$	2,759,593
Allowance for loan losses	$	(28,141	)	$	(1,665	)	$	(17	)	$	(2,680	)	$	(32,503	)

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,
	2017			2016			2017			2016
Change in accretable yield:
Balance at beginning of period	$	7,956		$	11,775		$	10,348		$	13,255
Accretion to interest income		(594	)		(961	)		(2,554	)		(3,068	)
Reclassification (to) from nonaccretable difference		(2,893	)		(160	)		(3,325	)		467
Balance at end of period	$	4,469		$	10,654		$	4,469		$	10,654