Loans (Tables)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Summary of Loan Balances

A summary of loan balances follows:

	September 30, 2019
(in thousands)	Originated		PNCI		PCI		Total
Mortgage loans on real estate:
Residential 1-4 family	$	355,646	$	148,731	$	1,417	$	505,794
Commercial	2,109,309		626,924		5,129		2,741,362
Total mortgage loans on real estate	2,464,955		775,655		6,546		3,247,156
Consumer:
Home equity lines of credit	294,411		36,635		826		331,872
Home equity loans	27,034		2,915		421		30,370
Other	64,153		16,142		2		80,297
Total consumer loans	385,598		55,692		1,249		442,539
Commercial	256,379		19,569		2,510		278,458
Construction:
Residential	158,907		10,127		—		169,034
Commercial	44,704		457		—		45,161
Total construction loans	203,611		10,584		—		214,195
Total loans, net of deferred loan fees and discounts	$	3,310,543	$	861,500	$	10,305	$	4,182,348
Total principal balance of loans owed, net of charge-offs	$	3,319,052	$	892,608	$	16,274	$	4,227,934
Unamortized net deferred loan fees	(8,509)		—		—		(8,509)
Discounts to principal balance of loans owed, net of charge-offs	—		(31,108)		(5,969)		(37,077)
Total loans, net of unamortized deferred loan fees and discounts	$	3,310,543	$	861,500	$	10,305	$	4,182,348
Allowance for loan losses	$	(31,112)	$	(419)	$	(6)	$	(31,537)

	December 31, 2018
(in thousands)	Originated		PNCI		PCI		Total
Mortgage loans on real estate:
Residential 1-4 family	$	343,796	$	169,792	$	1,674	$	515,262
Commercial	1,910,981		708,401		8,456		2,627,838
Total mortgage loans on real estate	2,254,777		878,193		10,130		3,143,100
Consumer:
Home equity lines of credit	284,453		40,957		1,167		326,577
Home equity loans	32,660		3,585		439		36,684
Other	34,020		21,659		42		55,721
Total consumer loans	351,133		66,201		1,648		418,982
Commercial	228,635		45,468		2,445		276,548
Construction:
Residential	90,703		30,593		—		121,296
Commercial	56,208		5,880		—		62,088
Total construction loans	146,911		36,473		—		183,384
Total loans, net of deferred loan fees and discounts	$	2,981,456	$	1,026,335	$	14,223	$	4,022,014
Total principal balance of loans owed, net of charge-offs	$	2,991,324	$	1,062,655	$	21,265	$	4,075,244
Unamortized net deferred loan fees	(9,868)		—		—		(9,868)
Discounts to principal balance of loans owed, net of charge-offs	—		(36,320)		(7,042)		(43,362)
Total loans, net of unamortized deferred loan fees and discounts	$	2,981,456	$	1,026,335	$	14,223	$	4,022,014
Allowance for loan losses	$	(31,793)	$	(667)	$	(122)	$	(32,582)

Change in Accretable Yield for PCI

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

	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Change in accretable yield:
Balance at beginning of period	$	5,318	$	5,871	$	6,059	$	6,137
Accretion to interest income	(292)		(253)		(702)		(769)
Reclassification from (to) nonaccretable difference	71		(47)		(260)		203
Balance at end of period	$	5,097	$	5,571	$	5,097	$	5,571