XML 193 R159.htm IDEA: XBRL DOCUMENT

Allowance for Loan and Lease Losses (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Schedule of components of allowance for loan and lease losses


	Three Months Ended September 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	35,792	$	18,260	$	4,636	$	780	$	46,452	$	28,386	$	2,054	$	136,360
Charge-offs		(210)		—		—		—		(268)		(4,878)		—		(5,356)
Recoveries		6		42		—		—		350		1,523		—		1,921
Increase (decrease) in Provision		(1,428)		221		596		(55)		(492)		3,183		75		2,100
Balance at end of period	$	34,160	$	18,523	$	5,232	$	725	$	46,042	$	28,214	$	2,129	$	135,025


	Nine Months Ended September 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	34,025	$	18,489	$	3,793	$	888	$	46,099	$	28,385	$	3,805	$	135,484
Charge-offs		(348)		—		—		—		(796)		(13,379)		—		(14,523)
Recoveries		228		3,288		—		1		1,116		4,731		—		9,364
Increase (decrease) in Provision		255		(3,254)		1,439		(164)		(377)		8,477		(1,676)		4,700
Balance at end of period	$	34,160	$	18,523	$	5,232	$	725	$	46,042	$	28,214	$	2,129	$	135,025


	Three Months Ended September 30, 2015
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	32,914	$	15,698	$	3,626	$	1,008	$	45,686	$	26,840	$	10,566	$	136,338
Charge-offs		(461)		—		—		—		(484)		(4,871)		—		(5,816)
Recoveries		178		58		—		1		608		1,530		—		2,375
Increase (decrease) in Provision		277		2,618		(380)		(39)		17		3,916		(3,859)		2,550
Balance at end of period	$	32,908	$	18,374	$	3,246	$	970	$	45,827	$	27,415	$	6,707	$	135,447


	Nine Months Ended September 30, 2015
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	31,835	$	16,320	$	4,725	$	1,089	$	44,858	$	27,041	$	8,931	$	134,799
Charge-offs		(765)		—		—		—		(561)		(13,481)		—		(14,807)
Recoveries		884		298		—		2		2,098		4,773		—		8,055
Increase (decrease) in Provision		954		1,756		(1,479)		(121)		(568)		9,082		(2,224)		7,400
Balance at end of period	$	32,908	$	18,374	$	3,246	$	970	$	45,827	$	27,415	$	6,707	$	135,447

	Year Ended December 31, 2015
	Commercial Lending
	Commercial
	and		Commercial				Lease
(dollars in thousands)	Industrial		Real Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of year	$	31,835	$	16,320	$	4,725	$	1,089	$	44,858	$	27,041	$	8,931	$	134,799
Charge‑offs		(866)		—		—		—		(618)		(18,312)		—		(19,796)
Recoveries		940		1,115		—		3		2,198		6,325		—		10,581
Increase (decrease) in Provision		2,116		1,054		(932)		(204)		(339)		13,331		(5,126)		9,900
Balance at end of year	$	34,025	$	18,489	$	3,793	$	888	$	46,099	$	28,385	$	3,805	$	135,484
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	592	$	—	$	—	$	592
Collectively evaluated for impairment		34,025		18,489		3,793		888		45,507		28,385		3,805		134,892
Loans and leases:
Individually evaluated for impairment	$	15,845	$	5,787	$	—	$	181	$	22,334	$	—	$	—	$	44,147
Collectively evaluated for impairment		3,041,610		2,158,661		367,460		198,498		3,510,093		1,401,561		—		10,677,883
Balance at end of year	$	3,057,455	$	2,164,448	$	367,460	$	198,679	$	3,532,427	$	1,401,561	$	—	$	10,722,030


	Year Ended December 31, 2014
	Commercial Lending
	Commercial
	and		Commercial				Lease
(dollars in thousands)	Industrial		Real Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of year	$	34,026	$	16,606	$	4,702	$	1,078	$	42,028	$	25,589	$	9,210	$	133,239
Charge‑offs		(2,298)		—		—		—		(1,086)		(15,291)		—		(18,675)
Recoveries		1,387		207		—		57		1,470		6,014		—		9,135
Increase (decrease) in Provision		(1,280)		(493)		23		(46)		2,446		10,729		(279)		11,100
Balance at end of year	$	31,835	$	16,320	$	4,725	$	1,089	$	44,858	$	27,041	$	8,931	$	134,799
Individually evaluated for impairment	$	571	$	52	$	—	$	—	$	740	$	—	$	—	$	1,363
Collectively evaluated for impairment		31,264		16,268		4,725		1,089		44,118		27,041		8,931		133,436
Loans and leases:
Individually evaluated for impairment	$	16,662	$	6,403	$	4,579	$	187	$	31,388	$	—	$	—	$	59,219
Collectively evaluated for impairment		2,680,480		2,041,062		465,482		244,111		3,306,633		1,226,603		—		9,964,371
Balance at end of year	$	2,697,142	$	2,047,465	$	470,061	$	244,298	$	3,338,021	$	1,226,603	$	—	$	10,023,590

Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology


	September 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	7	$	7	$	—	$	—	$	545	$	—	$	—	$	559
Collectively evaluated for impairment		34,153		18,516		5,232		725		45,497		28,214		2,129		134,466
Balance at end of period	$	34,160	$	18,523	$	5,232	$	725	$	46,042	$	28,214	$	2,129	$	135,025
Loans and leases:
Individually evaluated for impairment	$	29,444	$	13,302	$	—	$	163	$	17,474	$	—	$	—	$	60,383
Collectively evaluated for impairment		3,235,847		2,298,572		475,333		187,014		3,670,186		1,469,220		—		11,336,172
Balance at end of period	$	3,265,291	$	2,311,874	$	475,333	$	187,177	$	3,687,660	$	1,469,220	$	—	$	11,396,555


	December 31, 2015
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	592	$	—	$	—	$	592
Collectively evaluated for impairment		34,025		18,489		3,793		888		45,507		28,385		3,805		134,892
Balance at end of period	$	34,025	$	18,489	$	3,793	$	888	$	46,099	$	28,385	$	3,805	$	135,484
Loans and leases:
Individually evaluated for impairment	$	15,845	$	5,787	$	—	$	181	$	22,334	$	—	$	—	$	44,147
Collectively evaluated for impairment		3,041,610		2,158,661		367,460		198,498		3,510,093		1,401,561		—		10,677,883
Balance at end of period	$	3,057,455	$	2,164,448	$	367,460	$	198,679	$	3,532,427	$	1,401,561	$	—	$	10,722,030

Schedule of credit risk profiles by internally assigned grade for loans and leases


	September 30, 2016
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	3,203,811	$	2,265,279	$	470,459	$	186,823	$	6,126,372
Special mention		39,980		30,302		3,789		191		74,262
Substandard		19,710		16,293		1,085		—		37,088
Doubtful		1,790		—		—		163		1,953
Total	$	3,265,291	$	2,311,874	$	475,333	$	187,177	$	6,239,675


	December 31, 2015
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	2,995,180	$	2,119,933	$	366,695	$	198,296	$	5,680,104
Special mention		46,097		24,695		765		28		71,585
Substandard		12,220		19,682		—		174		32,076
Doubtful		3,958		138		—		181		4,277
Total	$	3,057,455	$	2,164,448	$	367,460	$	198,679	$	5,788,042

	December 31, 2015
	Commercial		Commercial				Lease
(dollars in thousands)	and Industrial		Real Estate		Construction		Financing		Total
Grade:
Pass	$	2,995,180	$	2,119,933	$	366,695	$	198,296	$	5,680,104
Special mention		46,097		24,695		765		28		71,585
Substandard		12,220		19,682		—		174		32,076
Doubtful		3,958		138		—		181		4,277
Total	$	3,057,455	$	2,164,448	$	367,460	$	198,679	$	5,788,042


	December 31, 2014
	Commercial		Commercial				Lease
(dollars in thousands)	and Industrial		Real Estate		Construction		Financing		Total
Grade:
Pass	$	2,585,545	$	1,973,887	$	462,628	$	243,833	$	5,265,893
Special mention		86,878		44,317		2,854		278		134,327
Substandard		21,848		26,832		3,023		—		51,703
Doubtful		2,871		2,429		1,556		187		7,043
Total	$	2,697,142	$	2,047,465	$	470,061	$	244,298	$	5,458,966

Schedule of credit risk profiles based on payment activity for loans and leases


	September 30, 2016
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,673,122	$	228,882	$	889,611	$	331,442	$	5,123,057
Nonperforming and delinquent		14,538		3,087		12,400		3,798		33,823
Total	$	3,687,660	$	231,969	$	902,011	$	335,240	$	5,156,880


	December 31, 2015
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,507,756	$	236,207	$	794,692	$	350,962	$	4,889,617
Nonperforming and delinquent		24,671		2,691		13,265		3,744		44,371
Total	$	3,532,427	$	238,898	$	807,957	$	354,706	$	4,933,988

	December 31, 2015
(dollars in thousands)	Residential		Consumer		Consumer — Auto		Credit Cards		Total
Performing	$	3,507,756	$	236,207	$	794,692	$	350,962	$	4,889,617
Nonperforming and delinquent		24,671		2,691		13,265		3,744		44,371
Total	$	3,532,427	$	238,898	$	807,957	$	354,706	$	4,933,988

	December 31, 2014
(dollars in thousands)	Residential		Consumer		Consumer — Auto		Credit Cards		Total
Performing	$	3,311,676	$	187,856	$	669,441	$	350,137	$	4,519,110
Nonperforming and delinquent		26,345		3,242		11,356		4,571		45,514
Total	$	3,338,021	$	191,098	$	680,797	$	354,708	$	4,564,624

Schedule of aging analyses of past due loans and leases


	September 30, 2016
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	1,685	$	—	$	177	$	1,862	$	3,260,496	$	3,262,358	$	2,933	$	3,265,291
Commercial real estate		475		—		—		475		2,311,399		2,311,874		—		2,311,874
Construction		251		—		—		251		475,082		475,333		—		475,333
Lease financing		—		82		—		82		186,932		187,014		163		187,177
Residential		4,436		2,188		1,638		8,262		3,673,124		3,681,386		6,274		3,687,660
Consumer		13,855		3,396		2,036		19,287		1,449,933		1,469,220		—		1,469,220
Total	$	20,702	$	5,666	$	3,851	$	30,219	$	11,356,966	$	11,387,185	$	9,370	$	11,396,555


	December 31, 2015
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	198	$	72	$	2,496	$	2,766	$	3,050,731	$	3,053,497	$	3,958	$	3,057,455
Commercial real estate		—		190		161		351		2,163,959		2,164,310		138		2,164,448
Construction		—		—		—		—		367,460		367,460		—		367,460
Lease financing		41		—		174		215		198,283		198,498		181		198,679
Residential		10,143		1,447		737		12,327		3,507,756		3,520,083		12,344		3,532,427
Consumer		15,191		3,056		1,454		19,701		1,381,860		1,401,561		—		1,401,561
Total	$	25,573	$	4,765	$	5,022	$	35,360	$	10,670,049	$	10,705,409	$	16,621	$	10,722,030

	December 31, 2015
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30 ‑ 59		60 ‑ 89		Equal to						Accruing		Loans
	Days		Days		90 Days		Total				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	198	$	72	$	2,496	$	2,766	$	3,050,731	$	3,053,497	$	3,958	$	3,057,455
Commercial real estate		—		190		161		351		2,163,959		2,164,310		138		2,164,448
Construction		—		—		—		—		367,460		367,460		—		367,460
Lease financing		41		—		174		215		198,283		198,498		181		198,679
Residential		10,143		1,447		737		12,327		3,507,756		3,520,083		12,344		3,532,427
Consumer		15,191		3,056		1,454		19,701		1,381,860		1,401,561		—		1,401,561
Total	$	25,573	$	4,765	$	5,022	$	35,360	$	10,670,049	$	10,705,409	$	16,621	$	10,722,030

	December 31, 2014
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30 ‑ 59		60 ‑ 89		Equal to						Accruing		Loans
	Days		Days		90 Days		Total				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	262	$	299	$	—	$	561	$	2,693,710	$	2,694,271	$	2,871	$	2,697,142
Commercial real estate		530		—		—		530		2,044,506		2,045,036		2,429		2,047,465
Construction		—		—		—		—		468,505		468,505		1,556		470,061
Lease financing		165		—		—		165		243,946		244,111		187		244,298
Residential		5,468		2,153		1,874		9,495		3,311,676		3,321,171		16,850		3,338,021
Consumer		14,167		3,220		1,784		19,171		1,207,432		1,226,603		—		1,226,603
Total	$	20,592	$	5,672	$	3,658	$	29,922	$	9,969,775	$	9,999,697	$	23,893	$	10,023,590

Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases


	September 30, 2016
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	29,246	$	29,897	$	—
Commercial real estate		12,344		12,344		—
Lease financing		163		163		—
Residential		9,341		10,524		—
Total	$	51,094	$	52,928	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	198	$	198	$	7
Commercial real estate		958		958		7
Residential		8,133		8,414		545
Total	$	9,289	$	9,570	$	559
Total impaired loans:
Commercial and industrial	$	29,444	$	30,095	$	7
Commercial real estate		13,302		13,302		7
Lease financing		163		163		—
Residential		17,474		18,938		545
Total	$	60,383	$	62,498	$	559


	December 31, 2015
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	15,845	$	16,516	$	—
Commercial real estate		5,787		5,853		—
Lease financing		181		181		—
Residential		15,247		16,692		—
Total	$	37,060	$	39,242	$	—
Impaired loans with a related allowance recorded:
Residential	$	7,087	$	7,140	$	592
Total	$	7,087	$	7,140	$	592
Total impaired loans:
Commercial and industrial	$	15,845	$	16,516	$	—
Commercial real estate		5,787		5,853		—
Lease financing		181		181		—
Residential		22,334		23,832		592
Total	$	44,147	$	46,382	$	592

	December 31, 2015
			Average		Unpaid				Interest
	Recorded		Recorded		Principal		Related		Income
(dollars in thousands)	Investment		Investment		Balance		Allowance		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	15,845	$	16,666	$	16,516	$	—	$	317
Commercial real estate		5,787		6,516		5,853		—		444
Lease financing		181		186		181		—		—
Residential		15,247		18,518		16,692		—		292
Total	$	37,060	$	41,886	$	39,242	$	—	$	1,053
Impaired loans with a related allowance recorded:
Residential	$	7,087	$	6,889	$	7,140	$	592		258
Total	$	7,087	$	6,889	$	7,140	$	592	$	258
Total impaired loans
Commercial and industrial	$	15,845	$	16,666	$	16,516		—	$	317
Commercial real estate		5,787		6,516		5,853		—		444
Lease financing		181		186		181		—		—
Residential		22,334		25,407		23,832		592		550
Total	$	44,147	$	48,775	$	46,382	$	592	$	1,311

	December 31, 2014
			Average		Unpaid				Interest
	Recorded		Recorded		Principal		Related		Income
(dollars in thousands)	Investment		Investment		Balance		Allowance		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	14,791	$	13,556	$	14,902	$	—	$	1,691
Commercial real estate		5,003		5,095		6,960		—		250
Construction		4,579		7,314		8,607		—		207
Lease financing		187		77		187		—		—
Residential		22,014		24,437		25,553		—		550
Total	$	46,574	$	50,479	$	56,209	$	—	$	2,698
Impaired loans with a related allowance recorded:
Commercial and industrial	$	1,871	$	1,917	$	2,210	$	571	$	—
Commercial real estate		1,400		1,400		1,400		52		83
Residential		9,374		9,100		9,427		740		274
Total	$	12,645	$	12,417	$	13,037	$	1,363	$	357
Total impaired loans
Commercial and industrial	$	16,662	$	15,473	$	17,112	$	571	$	1,691
Commercial real estate		6,403		6,495		8,360		52		333
Construction		4,579		7,314		8,607		—		207
Lease financing		187		77		187		—		—
Residential		31,388		33,537		34,980		740		824
Total	$	59,219	$	62,896	$	69,246	$	1,363	$	3,055

Schedule of average balances, and of interest income recognized from, impaired loans


	Three Months Ended				Nine Months Ended
	September 30, 2016				September 30, 2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	29,018	$	335	$	30,044	$	1,207
Commercial real estate		11,752		176		9,713		556
Construction		—		—		188		—
Lease financing		168		3		171		4
Residential		11,312		192		12,197		453
Total	$	52,250	$	706	$	52,313	$	2,220
Impaired loans with a related allowance recorded:
Commercial and industrial	$	991	$	3	$	661	$	11
Commercial real estate		479		11		319		33
Residential		8,487		96		8,616		298
Total	$	9,957	$	110	$	9,596	$	342
Total impaired loans:
Commercial and industrial	$	30,009	$	338	$	30,705	$	1,218
Commercial real estate		12,231		187		10,032		589
Construction		—		—		188		—
Lease financing		168		3		171		4
Residential		19,799		288		20,813		751
Total	$	62,207	$	816	$	61,909	$	2,562


	Three Months Ended				Nine Months Ended
	September 30, 2015				September 30, 2015
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	13,241	$	85	$	14,263	$	285
Commercial real estate		7,110		124		6,031		370
Construction		2,738		—		3,345		—
Lease financing		187		—		187		—
Residential		17,470		180		18,255		585
Total	$	40,746	$	389	$	42,081	$	1,240
Impaired loans with a related allowance recorded:
Commercial and industrial	$	3,396	$	61	$	2,570	$	185
Commercial real estate		700		—		933		—
Residential		7,031		72		6,773		217
Total	$	11,127	$	133	$	10,276	$	402
Total impaired loans:
Commercial and industrial	$	16,637	$	146	$	16,833	$	470
Commercial real estate		7,810		124		6,964		370
Construction		2,738		—		3,345		—
Lease financing		187		—		187		—
Residential		24,501		252		25,028		802
Total	$	51,873	$	522	$	52,357	$	1,642

Schedule of information related to loans modified in a TDR


	Three Months Ended							Nine Months Ended
	September 30, 2016							September 30, 2016
		Unpaid		Unpaid
	Number	Principal		Principal				Number
	of	Pre-		Post-		Related		of	Recorded		Related
(dollars in thousands)	Contracts	Modification		Modification		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	2	$	98	$	98	$	4	6	$	16,015	$	4
Commercial real estate	4		5,044		5,044		7	6		10,450		7
Residential	3		577		577		7	10		3,709		53
Total	9	$	5,719	$	5,719	$	18	22	$	30,174	$	64


	Three Months Ended							Nine Months Ended
	September 30, 2015							September 30, 2015
		Unpaid		Unpaid
	Number	Principal		Principal				Number
	of	Pre-		Post-		Related		of	Recorded		Related
(dollars in thousands)	Contracts	Modification		Modification		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	1	$	100	$	100	$	—	1	$	100	$	—
Commercial real estate	—		—		—		—	1		2,755		—
Residential	1		885		885		57	4		2,303		86
Total	2	$	985	$	985	$	57	6	$	5,158	$	86

⁽¹⁾

The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.

	Year Ended December 31,
	2015							2014
		Unpaid		Unpaid					Unpaid		Unpaid
		Principal		Principal					Principal		Principal
	Number of	Pre‑		Post‑		Related		Number of	Pre‑		Post‑		Related
(dollars in thousands)	Contracts	Modification		Modification		Allowance		Contracts	Modification		Modification		Allowance
Commercial and industrial	5	$	11,888	$	11,888	$	—	5	$	13,791	$	13,791	$	—
Commercial real estate	4		5,649		5,649		—	6		6,372		4,529		52
Construction	—		—		—		—	2		8,607		4,579		—
Residential	21		12,620		11,906		592	30		17,892		17,028		740
Total	30	$	30,157	$	29,443	$	592	43	$	46,662	$	39,927	$	792

Schedule of TDRs that defaulted period within 12 months of their permanent modification date


	Three Months Ended			Nine Months Ended
	September 30, 2015			September 30, 2015
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts	Investment(1)		Contracts	Investment(1)
Commercial and industrial (2)	6	$	9,783	6	$	9,783
Commercial real estate (3)	1		1,400	1		1,400
Residential (4)	—		—	1		146
Total	7	$	11,183	8	$	11,329

(1)

(2)

For the three and nine months ended September 30, 2015, five commercial and industrial loans that subsequently defaulted were refinanced and one was extended with a reduced interest rate.

(3)

For the three and nine months ended September 30, 2015, the commercial real estate loan that subsequently defaulted was refinanced.

(4)

For the three and nine months ended September 30, 2015, the residential real estate loan that subsequently defaulted was modified by reducing the interest rate.

	Year Ended December 31,
	2015			2014
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts	Investment		Contracts	Investment
Commercial and industrial(a)	3	$	6,153	1	$	299
Residential(b)	7		2,281	7		2,490
Total	10	$	8,434	8	$	2,789

^(a)

In 2015, all 3 commercial and industrial loans that subsequently defaulted were refinanced. In 2014, the commercial and industrial loan that subsequently defaulted was modified by extending the maturity date.

^(b)

In 2015 and 2014, all 7 residential real estate loans that subsequently defaulted were modified by reducing interest rates, increasing amortizations, and deferring principal payments.