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Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows as of December 31:
 
2015
 
2014
 
(in thousands)
Real estate – commercial mortgage
$
5,462,330

 
$
5,197,155

Commercial – industrial, financial and agricultural
4,088,962

 
3,725,567

Real estate – home equity
1,684,439

 
1,736,688

Real estate – residential mortgage
1,376,160

 
1,377,068

Real estate – construction
799,988

 
690,601

Consumer
268,588

 
265,431

Leasing and other
170,914

 
127,562

Overdrafts
2,737

 
4,021

Loans, gross of unearned income
13,854,118

 
13,124,093

Unearned income
(15,516
)
 
(12,377
)
Loans, net of unearned income
$
13,838,602

 
$
13,111,716
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses as of December 31:
 
2015
 
2014
 
2013
 
(in thousands)
Allowance for loan losses
$
169,054

 
$
184,144

 
$
202,780

Reserve for unfunded lending commitments
2,358

 
1,787

 
2,137

Allowance for credit losses
$
171,412

 
$
185,931

 
$
204,917
Activity in the Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the years ended December 31:
 
2015
 
2014
 
2013
 
(in thousands)
Balance at beginning of year
$
185,931

 
$
204,917

 
$
225,439

Loans charged off
(32,157
)
 
(44,593
)
 
(80,212
)
Recoveries of loans previously charged off
15,388

 
13,107

 
19,190

Net loans charged off
(16,769
)
 
(31,486
)
 
(61,022
)
Provision for credit losses
2,250

 
12,500

 
40,500

Balance at end of year
$
171,412

 
$
185,931

 
$
204,917


The following table presents the activity in the allowance for loan losses by portfolio segment for the years ended December 31 and loans, net of unearned income, and their related allowance for loan losses, by portfolio segment, as of December 31:

 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing
and other
and
Overdrafts
 
Unallocated (1)
 
Total
 
(in thousands)
Balance at December 31, 2013
$
55,659

 
$
50,330

 
$
28,222

 
$
33,082

 
$
12,649

 
$
3,260

 
$
3,370

 
$
16,208

 
$
202,780

Loans charged off
(6,004
)
 
(24,516
)
 
(5,486
)
 
(2,918
)
 
(1,209
)
 
(2,325
)
 
(2,135
)
 
—

 
(44,593
)
Recoveries of loans previously charged off
1,960

 
4,256

 
1,025

 
451

 
3,177

 
1,322

 
916

 
—

 
13,107

Net loans charged off
(4,044
)
 
(20,260
)
 
(4,461
)
 
(2,467
)
 
1,968

 
(1,003
)
 
(1,219
)
 
—

 
(31,486
)
Provision for loan losses (2)
1,878

 
21,308

 
4,510

 
(1,543
)
 
(4,861
)
 
758

 
(352
)
 
(8,848
)
 
12,850

Balance at December 31, 2014
53,493

 
51,378

 
28,271

 
29,072

 
9,756

 
3,015

 
1,799

 
7,360

 
184,144

Loans charged off
(4,218
)
 
(15,639
)
 
(3,604
)
 
(3,612
)
 
(201
)
 
(2,227
)
 
(2,656
)
 
—

 
(32,157
)
Recoveries of loans previously charged off
2,801

 
5,264

 
1,362

 
1,322

 
2,824

 
1,130

 
685

 
—

 
15,388

Net loans charged off
(1,417
)
 
(10,375
)
 
(2,242
)
 
(2,290
)
 
2,623

 
(1,097
)
 
(1,971
)
 
—

 
(16,769
)
Provision for loan losses (2)
(4,210
)
 
16,095

 
(3,624
)
 
(5,407
)
 
(5,850
)
 
667

 
2,640

 
1,368

 
1,679

Balance at December 31, 2015
$
47,866

 
$
57,098

 
$
22,405

 
$
21,375

 
$
6,529

 
$
2,585

 
$
2,468

 
$
8,728

 
$
169,054

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
35,395

 
$
42,515

 
$
14,412

 
$
7,953

 
$
4,134

 
$
2,563

 
$
1,764

 
$
8,728

 
$
117,464

Evaluated for impairment under FASB ASC Section 310-10-35
12,471

 
14,583

 
7,993

 
13,422

 
2,395

 
22

 
704

 
N/A

 
51,590

 
$
47,866

 
$
57,098

 
$
22,405

 
$
21,375

 
$
6,529

 
$
2,585

 
$
2,468

 
$
8,728

 
$
169,054

Loans, net of unearned income at December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,404,036

 
$
4,040,810

 
$
1,668,673

 
$
1,325,735

 
$
784,002

 
$
268,555

 
$
156,710

 
N/A

 
$
13,648,521

Evaluated for impairment under FASB ASC Section 310-10-35
58,294

 
48,152

 
15,766

 
50,425

 
15,986

 
33

 
1,425

 
N/A

 
190,081

 
$
5,462,330

 
$
4,088,962

 
$
1,684,439

 
$
1,376,160

 
$
799,988

 
$
268,588

 
$
158,135

 
N/A

 
$
13,838,602

Allowance for loan losses at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
36,778

 
$
38,348

 
$
19,047

 
$
10,480

 
$
6,485

 
$
2,980

 
$
1,799

 
$
7,360

 
$
123,277

Evaluated for impairment under FASB ASC Section 310-10-35
16,715

 
13,030

 
9,224

 
18,592

 
3,271

 
35

 
—

 
N/A

 
60,867

 
$
53,493

 
$
51,378

 
$
28,271

 
$
29,072

 
$
9,756

 
$
3,015

 
$
1,799

 
$
7,360

 
$
184,144

Loans, net of unearned income at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,133,896

 
$
3,690,561

 
$
1,723,230

 
$
1,325,717

 
$
665,012

 
$
265,393

 
$
119,206

 
N/A

 
$
12,923,015

Evaluated for impairment under FASB ASC Section 310-10-35
63,259

 
35,006

 
13,458

 
51,351

 
25,589

 
38

 
—

 
N/A

 
188,701

 
$
5,197,155

 
$
3,725,567

 
$
1,736,688

 
$
1,377,068

 
$
690,601

 
$
265,431

 
$
119,206

 
N/A

 
$
13,111,716


(1)
The unallocated allowance, which was approximately 5% and 4% of the total allowance for credit losses as of December 31, 2015 and December 31, 2014, respectively, was, in the opinion of management, reasonable and appropriate given that the estimates used in the allocation process are inherently imprecise.
(2)
For the year ended December 31, 2015, the provision for loan losses excluded a $571,000 increase in the reserve for unfunded lending commitments. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $2.3 million for the year ended December 31, 2015. For the year ended December 31, 2014, the provision for loan losses excluded a $350,000 decrease in the reserve for unfunded lending commitments. The total provision for credit losses, was $12.5 million for the year ended December 31, 2014.
N/A – Not applicable.
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment as of December 31: 
 
2015
 
2014
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
27,872

 
$
22,596

 
$
—

 
$
25,802

 
$
23,236

 
$
—

Commercial - secured
18,012

 
13,702

 
—

 
17,599

 
14,582

 
—

Real estate - residential mortgage
4,790

 
4,790

 
—

 
4,873

 
4,873

 
—

Construction - commercial residential
9,916

 
8,865

 
—

 
18,041

 
14,801

 
—

Construction - commercial
—

 
—

 
—

 
1,707

 
1,581

 
—

 
60,590

 
49,953

 
 
 
68,022

 
59,073

 
 
With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
45,189

 
35,698

 
12,471

 
49,619

 
40,023

 
16,715

Commercial - secured
39,659

 
33,629

 
14,085

 
24,824

 
19,335

 
12,165

Commercial - unsecured
971

 
821

 
498

 
1,241

 
1,089

 
865

Real estate - home equity
20,347

 
15,766

 
7,993

 
19,392

 
13,458

 
9,224

Real estate - residential mortgage
55,242

 
45,635

 
13,422

 
56,607

 
46,478

 
18,592

Construction - commercial residential
9,949

 
6,290

 
2,110

 
14,007

 
7,903

 
2,675

Construction - commercial
820

 
638

 
217

 
1,501

 
1,023

 
459

Construction - other
331

 
193

 
68

 
452

 
281

 
137

Consumer - indirect
14

 
14

 
8

 
20

 
19

 
18

Consumer - direct
19

 
19

 
14

 
19

 
19

 
17

Leasing and other and overdrafts
1,658

 
1,425

 
704

 
—

 
—

 
—

 
174,199

 
140,128

 
51,590

 
167,682

 
129,628

 
60,867

Total
$
234,789

 
$
190,081

 
$
51,590

 
$
235,704

 
$
188,701

 
$
60,867


As of December 31, 2015 and 2014, there were $50.0 million and $59.1 million, respectively, of impaired loans that did not have a related allowance for loan loss. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans have been charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary.
The following table presents average impaired loans, by class segment, for the years ended December 31:
 
2015
 
2014
 
2013
 
Average
Recorded
Investment
 
Interest Income
Recognized (1)
 
Average
Recorded
Investment
 
Interest Income
Recognized (1)
 
Average
Recorded
Investment
 
Interest Income
Recognized (1)
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
25,345

 
$
315

 
$
23,467

 
$
320

 
$
28,603

 
$
489

Commercial - secured
15,654

 
97

 
18,928

 
119

 
30,299

 
173

Commercial - unsecured
17

 
—

 
—

 
—

 
26

 
—

Real estate - home equity
—

 
—

 
180

 
1

 
262

 
1

Real estate - residential mortgage
5,389

 
124

 
1,532

 
31

 
695

 
25

Construction - commercial residential
11,685

 
148

 
15,421

 
227

 
19,847

 
256

Construction - commercial
915

 
—

 
1,907

 
—

 
3,480

 
2

 
59,005

 
684

 
61,435

 
698

 
83,212

 
946

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
39,232

 
475

 
38,240

 
524

 
44,136

 
706

Commercial - secured
25,660

 
150

 
20,991

 
129

 
27,919

 
153

Commercial - unsecured
1,749

 
6

 
895

 
3

 
1,411

 
5

Real estate - home equity
13,887

 
144

 
13,976

 
108

 
14,092

 
65

Real estate - residential mortgage
46,252

 
1,041

 
50,281

 
1,178

 
52,251

 
1,210

Construction - commercial residential
6,455

 
79

 
8,723

 
136

 
11,219

 
168

Construction - commercial
931

 
—

 
1,900

 
—

 
2,468

 
3

Construction - other
263

 
—

 
387

 
—

 
523

 
1

Consumer - indirect
16

 
1

 
7

 
—

 
1

 
—

Consumer - direct
17

 
1

 
16

 
1

 
19

 
—

Leasing and other and overdrafts
285

 
—

 
—

 
—

 
11

 
—

 
134,747

 
1,897

 
135,416

 
2,079

 
154,050

 
2,311

Total
$
193,752

 
$
2,581

 
$
196,851

 
$
2,777

 
$
237,262

 
$
3,257

  
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the years ended December 31, 2015, 2014 and 2013 represents amounts earned on accruing TDRs.
Financing Receivable Credit Quality Indicators
The following table presents internal credit risk ratings as of December 31:

Pass
 
Special Mention
 
Substandard or Lower
 
Total

2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014

(dollars in thousands)
Real estate - commercial mortgage
$
5,204,263

 
$
4,899,016

 
$
102,625

 
$
127,302

 
$
155,442

 
$
170,837

 
$
5,462,330

 
$
5,197,155

Commercial - secured
3,696,692

 
3,333,486

 
92,711

 
120,584

 
136,710

 
110,544

 
3,926,113

 
3,564,614

Commercial -unsecured
156,742

 
146,680

 
2,761

 
7,463

 
3,346

 
6,810

 
162,849

 
160,953

Total commercial - industrial, financial and agricultural
3,853,434

 
3,480,166

 
95,472

 
128,047

 
140,056

 
117,354

 
4,088,962

 
3,725,567

Construction - commercial residential
140,337

 
136,109

 
17,154

 
27,495

 
21,812

 
40,066

 
179,303

 
203,670

Construction - commercial
552,710

 
409,631

 
3,684

 
12,202

 
3,597

 
5,586

 
559,991

 
427,419

Total real estate - construction (excluding construction - other)
693,047

 
545,740

 
20,838

 
39,697

 
25,409

 
45,652

 
739,294

 
631,089

Total
$
9,750,744

 
$
8,924,922

 
$
218,935

 
$
295,046

 
$
320,907

 
$
333,843

 
$
10,290,586

 
$
9,553,811

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
% of Total
94.8
%
 
93.4
%
 
2.1
%
 
3.1
%
 
3.1
%
 
3.5
%
 
100.0
%
 
100.0
%

The following table presents delinquency and non-performing status for loans that do not have internal credit risk ratings, by class segment, as of December 31:
 
Performing
 
Delinquent (1)
 
Non-performing (2)
 
Total
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(dollars in thousands)
Real estate - home equity
$
1,660,773

 
$
1,711,017

 
$
8,983

 
$
10,931

 
$
14,683

 
$
14,740

 
$
1,684,439

 
$
1,736,688

Real estate - residential mortgage
1,329,371

 
1,321,139

 
18,305

 
26,934

 
28,484

 
28,995

 
1,376,160

 
1,377,068

Real estate - construction - other
59,997

 
59,180

 
88

 
—

 
609

 
332

 
60,694

 
59,512

Consumer - direct
94,262

 
104,018

 
2,254

 
2,891

 
2,203

 
2,414

 
98,719

 
109,323

Consumer - indirect
166,823

 
153,358

 
2,809

 
2,574

 
237

 
176

 
169,869

 
156,108

Total consumer
261,085

 
257,376

 
5,063

 
5,465

 
2,440

 
2,590

 
268,588

 
265,431

Leasing and other and overdrafts
155,870

 
118,550

 
759

 
523

 
1,506

 
133

 
158,135

 
119,206

Total
$
3,467,096

 
$
3,467,262

 
$
33,198

 
$
43,853

 
$
47,722

 
$
46,790

 
$
3,548,016

 
$
3,557,905

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
% of Total
97.7
%
 
97.5
%
 
1.0
%
 
1.2
%
 
1.3
%
 
1.3
%
 
100.0
%
 
100.0
%
 
(1)Includes all accruing loans 30 days to 89 days past due.
(2)Includes all accruing loans 90 days or more past due and all non-accrual loans
Non-Performing Assets
The following table presents total non-performing assets as of December 31:
 
2015
 
2014
 
(in thousands)
Non-accrual loans
$
129,523

 
$
121,080

Loans 90 days or more past due and still accruing
15,291

 
17,402

Total non-performing loans
144,814

 
138,482

Other real estate owned
11,099

 
12,022

Total non-performing assets
$
155,913

 
$
150,504
Past due Loan Status and Non-Accrual Loans by Portfolio Segment
The following table presents past due status and non-accrual loans, by portfolio segment and class segment, as of December 31:

 
2015
 
30-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
6,469

 
$
1,312

 
$
439

 
$
40,731

 
$
41,170

 
$
48,951

 
$
5,413,379

 
$
5,462,330

Commercial - secured
5,654

 
2,615

 
1,853

 
41,498

 
43,351

 
51,620

 
3,874,493

 
3,926,113

Commercial - unsecured
510

 
83

 
19

 
701

 
720

 
1,313

 
161,536

 
162,849

Total Commercial - industrial, financial and agricultural
6,164

 
2,698

 
1,872

 
42,199

 
44,071

 
52,933

 
4,036,029

 
4,088,962

Real estate - home equity
6,438

 
2,545

 
3,473

 
11,210

 
14,683

 
23,666

 
1,660,773

 
1,684,439

Real estate - residential mortgage
15,141

 
3,164

 
6,570

 
21,914

 
28,484

 
46,789

 
1,329,371

 
1,376,160

Construction - commercial
50

 
176

 
—

 
638

 
638

 
864

 
559,127

 
559,991

Construction - commercial residential
1,366

 
494

 
—

 
11,213

 
11,213

 
13,073

 
166,230

 
179,303

Construction - other
88

 
—

 
416

 
193

 
609

 
697

 
59,997

 
60,694

Total Real estate - construction
1,504

 
670

 
416

 
12,044

 
12,460

 
14,634

 
785,354

 
799,988

Consumer - direct
1,687

 
567

 
2,203

 
—

 
2,203

 
4,457

 
94,262

 
98,719

Consumer - indirect
2,308

 
501

 
237

 
—

 
237

 
3,046

 
166,823

 
169,869

Total Consumer
3,995

 
1,068

 
2,440

 
—

 
2,440

 
7,503

 
261,085

 
268,588

Leasing and other and overdrafts
483

 
276

 
81

 
1,425

 
1,506

 
2,265

 
155,870

 
158,135

 
$
40,194

 
$
11,733

 
$
15,291

 
$
129,523

 
$
144,814

 
$
196,741

 
$
13,641,861

 
$
13,838,602


 
2014
 
30-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
14,399

 
$
3,677

 
$
800

 
$
44,437

 
$
45,237

 
$
63,313

 
$
5,133,842

 
$
5,197,155

Commercial - secured
4,839

 
958

 
610

 
28,747

 
29,357

 
35,154

 
3,529,460

 
3,564,614

Commercial - unsecured
395

 
65

 
9

 
1,022

 
1,031

 
1,491

 
159,462

 
160,953

Total Commercial - industrial, financial and agricultural
5,234

 
1,023

 
619

 
29,769

 
30,388

 
36,645

 
3,688,922

 
3,725,567

Real estate - home equity
8,048

 
2,883

 
4,257

 
10,483

 
14,740

 
25,671

 
1,711,017

 
1,736,688

Real estate - residential mortgage
18,789

 
8,145

 
8,952

 
20,043

 
28,995

 
55,929

 
1,321,139

 
1,377,068

Construction - commercial
—

 
—

 
—

 
2,604

 
2,604

 
2,604

 
424,815

 
427,419

Construction - commercial residential
160

 
—

 
—

 
13,463

 
13,463

 
13,623

 
190,047

 
203,670

Construction - other
—

 
—

 
51

 
281

 
332

 
332

 
59,180

 
59,512

Total Real estate - construction
160

 
—

 
51

 
16,348

 
16,399

 
16,559

 
674,042

 
690,601

Consumer - direct
2,034

 
857

 
2,414

 
—

 
2,414

 
5,305

 
104,018

 
109,323

Consumer - indirect
2,156

 
418

 
176

 
—

 
176

 
2,750

 
153,358

 
156,108

Total Consumer
4,190

 
1,275

 
2,590

 
—

 
2,590

 
8,055

 
257,376

 
265,431

Leasing and other and overdrafts
357

 
166

 
133

 
—

 
133

 
656

 
118,550

 
119,206

 
$
51,177

 
$
17,169

 
$
17,402

 
$
121,080

 
$
138,482

 
$
206,828

 
$
12,904,888

 
$
13,111,716
Troubled Debt Restructurings on Financing Receivables
The following table presents TDRs as of December 31:
 
2015
 
2014
 
(in thousands)
Real-estate - residential mortgage
$
28,511

 
$
31,308

Real-estate - commercial mortgage
17,563

 
18,822

Construction - commercial residential
3,942

 
9,241

Commercial - secured
5,833

 
5,170

Real estate - home equity
4,556

 
2,975

Commercial - unsecured
120

 
67

Consumer - direct
19

 
19

Consumer - indirect
14

 
19

Total accruing TDRs
60,558

 
67,621

Non-accrual TDRs (1)
31,035

 
24,616

Total TDRs
$
91,593

 
$
92,237

 
(1)Included within non-accrual loans in the preceding table
Loan Terms Modified Under Troubled Debt Restructurings during The Period By Class Segment
The following table presents TDRs by class segment and type of concession for loans that were modified during the years ended December 31, 2015 and 2014:

 
 2015
 
2014
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
(dollars in thousands)
Commercial – secured:
 
 
 
 
 
 
 
 
Extend maturity with rate concession
2

 
$
127

 
3

 
$
315

 
Extend maturity without rate concession
9

 
3,785

 
8

 
1,640

Commercial – unsecured:
 
 
 
 
 
 
 
 
Extend maturity without rate concession
1

 
38

 
—

 
—

Real estate - commercial mortgage:
 
 
 
 
 
 
 
 
Extend maturity with rate concession
5

 
2,014

 
1

 
60

 
Extend maturity without rate concession
4

 
639

 
7

 
6,781

Real estate - home equity:
 
 
 
 
 
 
 
 
Extend maturity with rate concession
2

 
36

 
—

 
—

 
Extend maturity without rate concession
3

 
203

 
—

 
—

 
Bankruptcy
52

 
2,501

 
30

 
1,551

Real estate – residential mortgage:
 
 
 
 
 
 
 
 
Extend maturity with rate concession
4

 
750

 
2

 
390

 
Extend maturity without rate concession
3

 
262

 
2

 
210

 
Bankruptcy
7

 
2,508

 
19

 
1,807

Construction - commercial residential:
 
 
 
 
 
 
 
 
Extend maturity without rate concession
1

 
1,535

 
3

 
3,616

Consumer - direct:
 
 
 
 
 
 
 
 
Bankruptcy
2

 
6

 
7

 
7

Consumer - indirect:
 
 
 
 
 
 
 
 
Bankruptcy
1

 
12

 
4

 
20

 
 
 
 
 
 
 
 
 
Total
96

 
$
14,416

 
86

 
$
16,397
Schedule Of TDRs Modified Last 12 Months Which Had Payment Default In 2014
The following table presents TDRs, by class segment, as of December 31, 2015 and 2014 that were modified during the years ended December 31, 2015 and 2014 and had a post-modification payment default during their respective year of modification. The Corporation defines a payment default as a single missed scheduled payment:
 
2015
 
2014
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Construction - commercial residential
—
 
$
—

 
2
 
$
1,803

Real estate - commercial mortgage
4
 
359

 
2
 
1,660

Real estate - residential mortgage
4
 
445

 
11
 
1,430

Commercial - secured
8
 
3,549

 
4
 
1,208

Real estate - home equity
13
 
763

 
11
 
961

Consumer - direct
—
 
—

 
1
 
1

Total
29
 
$
5,116

 
31
 
$
7,063