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Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows:
 
June 30,
2016
 
December 31, 2015
 
(in thousands)
Real-estate - commercial mortgage
$
5,635,347

 
$
5,462,330

Commercial - industrial, financial and agricultural
4,099,177

 
4,088,962

Real-estate - home equity
1,647,319

 
1,684,439

Real-estate - residential mortgage
1,447,292

 
1,376,160

Real-estate - construction
853,699

 
799,988

Consumer
278,071

 
268,588

Leasing and other
208,602

 
170,914

Overdrafts
3,214

 
2,737

Loans, gross of unearned income
14,172,721

 
13,854,118

Unearned income
(17,562
)
 
(15,516
)
Loans, net of unearned income
$
14,155,159

 
$
13,838,602
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses:
 
June 30,
2016
 
December 31,
2015
 
(in thousands)
Allowance for loan losses
$
162,546

 
$
169,054

Reserve for unfunded lending commitments
2,562

 
2,358

Allowance for credit losses
$
165,108

 
$
171,412
Activity in the Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses:
 
Three months ended June 30
 
Six months ended June 30
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
Balance at beginning of period
$
166,065

 
$
179,658

 
$
171,412

 
$
185,931

Loans charged off
(10,746
)
 
(15,372
)
 
(21,901
)
 
(21,136
)
Recoveries of loans previously charged off
7,278

 
2,967

 
11,556

 
6,158

Net loans charged off
(3,468
)
 
(12,405
)
 
(10,345
)
 
(14,978
)
Provision for credit losses
2,511

 
2,200

 
4,041

 
(1,500
)
Balance at end of period
$
165,108

 
$
169,453

 
$
165,108

 
$
169,453


The following table presents the activity in the allowance for loan losses by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing, other
and
overdrafts
 
Unallocated
 
Total
 
(in thousands)
Three months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2016
$
48,311

 
$
54,333

 
$
22,524

 
$
19,928

 
$
6,282

 
$
2,324

 
$
2,974

 
$
7,165

 
$
163,841

Loans charged off
(1,474
)
 
(4,625
)
 
(1,045
)
 
(340
)
 
(742
)
 
(569
)
 
(1,951
)
 
—

 
(10,746
)
Recoveries of loans previously charged off
1,367

 
2,931

 
350

 
420

 
1,563

 
539

 
108

 
—

 
7,278

Net loans charged off
(107
)
 
(1,694
)
 
(695
)
 
80

 
821

 
(30
)
 
(1,843
)
 
—

 
(3,468
)
Provision for loan losses (1)
(4,464
)
 
(884
)
 
4,341

 
1,218

 
(1,331
)
 
690

 
1,387

 
1,216

 
2,173

Balance at June 30, 2016
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

Three months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2015
$
52,860

 
$
57,150

 
$
23,481

 
$
23,235

 
$
8,487

 
$
2,527

 
$
1,653

 
$
8,308

 
$
177,701

Loans charged off
(1,642
)
 
(11,166
)
 
(870
)
 
(783
)
 
(87
)
 
(357
)
 
(467
)
 
—

 
(15,372
)
Recoveries of loans previously charged off
451

 
1,471

 
189

 
187

 
231

 
368

 
70

 
—

 
2,967

Net loans charged off
(1,191
)
 
(9,695
)
 
(681
)
 
(596
)
 
144

 
11

 
(397
)
 
—

 
(12,405
)
Provision for loan losses (1)
(989
)
 
1,715

 
(294
)
 
148

 
(882
)
 
70

 
359

 
2,062

 
2,189

Balance at June 30, 2015
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485

Six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$
47,866

 
$
57,098

 
$
22,405

 
$
21,375

 
$
6,529

 
$
2,585

 
$
2,468

 
$
8,728

 
$
169,054

Loans charged off
(2,056
)
 
(10,813
)
 
(2,586
)
 
(1,408
)
 
(1,068
)
 
(1,576
)
 
(2,394
)
 
—

 
(21,901
)
Recoveries of loans previously charged off
2,192

 
5,250

 
688

 
556

 
1,946

 
735

 
189

 
—

 
11,556

Net loans charged off
136

 
(5,563
)
 
(1,898
)
 
(852
)
 
878

 
(841
)
 
(2,205
)
 
—

 
(10,345
)
Provision for loan losses (1)
(4,262
)
 
220

 
5,663

 
703

 
(1,635
)
 
1,240

 
2,255

 
(347
)
 
3,837

Balance at June 30, 2016
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

Six months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
(2,351
)
 
(13,029
)
 
(1,638
)
 
(2,064
)
 
(87
)
 
(1,137
)
 
(830
)
 
—

 
(21,136
)
Recoveries of loans previously charged off
887

 
2,257

 
440

 
346

 
1,378

 
609

 
241

 
—

 
6,158

Net loans charged off
(1,464
)
 
(10,772
)
 
(1,198
)
 
(1,718
)
 
1,291

 
(528
)
 
(589
)
 
—

 
(14,978
)
Provision for loan losses (1)
(1,349
)
 
8,564

 
(4,567
)
 
(4,567
)
 
(3,298
)
 
121

 
405

 
3,010

 
(1,681
)
Balance at June 30, 2015
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485


(1)
The provision for loan losses excluded a $338,000 and $204,000 increase, respectively, in the reserve for unfunded lending commitments for the three and six months ended June 30, 2016 and an $11,000 and $181,000 increase, respectively, in the reserve for unfunded lending commitments for the three and six months ended June 30, 2015. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $2.5 million and $4.0 million for the three and six months ended June 30, 2016, respectively, and $2.2 million and a negative $1.5 million for the three and six months ended June 30, 2015.
The following table presents loans, net of unearned income and their related allowance for loan losses, by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing, other
and
overdrafts
 
Unallocated
(1)
 
Total
 
(in thousands)
Allowance for loan losses at June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
32,861

 
$
40,945

 
$
17,089

 
$
9,044

 
$
4,004

 
$
2,971

 
$
2,518

 
$
8,381

 
$
117,813

Evaluated for impairment under FASB ASC Section 310-10-35
10,879

 
10,810

 
9,081

 
12,182

 
1,768

 
13

 
—

 
N/A

 
44,733

 
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,582,027

 
$
4,057,883

 
$
1,629,443

 
$
1,399,399

 
$
841,193

 
$
278,053

 
$
194,254

 
N/A

 
$
13,982,252

Evaluated for impairment under FASB ASC Section 310-10-35
53,320

 
41,294

 
17,876

 
47,893

 
12,506

 
18

 
—

 
N/A

 
172,907

 
$
5,635,347

 
$
4,099,177

 
$
1,647,319

 
$
1,447,292

 
$
853,699

 
$
278,071

 
$
194,254

 
N/A

 
$
14,155,159

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
37,228

 
$
38,090

 
$
15,838

 
$
8,763

 
$
5,430

 
$
2,588

 
$
1,615

 
$
10,370

 
$
119,922

Evaluated for impairment under FASB ASC Section 310-10-35
13,452

 
11,080

 
6,668

 
14,024

 
2,319

 
20

 
—

 
N/A

 
47,563

 
$
50,680

 
$
49,170

 
$
22,506

 
$
22,787

 
$
7,749

 
$
2,608

 
$
1,615

 
$
10,370

 
$
167,485

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,172,333

 
$
3,764,999

 
$
1,676,410

 
$
1,315,908

 
$
712,975

 
$
272,463

 
$
136,521

 
N/A

 
$
13,051,609

Evaluated for impairment under FASB ASC Section 310-10-35
65,467

 
41,700

 
13,278

 
53,195

 
18,950

 
31

 
—

 
N/A

 
192,621

 
$
5,237,800

 
$
3,806,699

 
$
1,689,688

 
$
1,369,103

 
$
731,925

 
$
272,494

 
$
136,521

 
N/A

 
$
13,244,230

 
(1)
The unallocated allowance, which was approximately 5% and 6% of the total allowance for credit losses, respectively, as of June 30, 2016 and 2015, was, in the opinion of management, reasonable and appropriate given that the estimates used in the allocation process are inherently imprecise.

N/A - Not applicable
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment:
 
June 30, 2016
 
December 31, 2015
 
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
$
25,452

 
$
22,501

 
$
—

 
$
27,872

 
$
22,596

 
$
—

Commercial - secured
21,458

 
18,137

 
—

 
18,012

 
13,702

 
—

Real estate - residential mortgage
6,353

 
6,171

 
—

 
4,790

 
4,790

 
—

Construction - commercial residential
7,743

 
6,543

 
—

 
9,916

 
8,865

 
—

 
61,006

 
53,352

 

 
60,590

 
49,953

 

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
41,420

 
30,819

 
10,879

 
45,189

 
35,698

 
12,471

Commercial - secured
27,349

 
22,183

 
10,230

 
39,659

 
33,629

 
14,085

Commercial - unsecured
1,182

 
974

 
580

 
971

 
821

 
498

Real estate - home equity
22,944

 
17,876

 
9,081

 
20,347

 
15,766

 
7,993

Real estate - residential mortgage
49,976

 
41,722

 
12,182

 
55,242

 
45,635

 
13,422

Construction - commercial residential
8,610

 
5,043

 
1,447

 
9,949

 
6,290

 
2,110

Construction - commercial
731

 
504

 
166

 
820

 
638

 
217

Construction - other
416

 
416

 
155

 
331

 
193

 
68

Consumer - direct
18

 
18

 
13

 
19

 
19

 
14

Consumer - indirect
—

 
—

 
—

 
14

 
14

 
8

Leasing, other and overdrafts
—

 
—

 
—

 
1,658

 
1,425

 
704

 
152,646

 
119,555

 
44,733

 
174,199

 
140,128

 
51,590

Total
$
213,652

 
$
172,907

 
$
44,733

 
$
234,789

 
$
190,081

 
$
51,590


As of June 30, 2016 and December 31, 2015, there were $53.4 million and $50.0 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 they were previously 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:
 
Three months ended June 30
 
Six months ended June 30
 
2016
 
2015
 
2016
 
2015
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
22,762

 
$
72

 
$
27,410

 
$
87

 
$
22,707

 
$
141

 
$
26,018

 
178

Commercial - secured
15,182

 
20

 
16,163

 
24

 
14,688

 
36

 
15,636

 
45

Real estate - residential mortgage
6,191

 
33

 
5,541

 
32

 
5,724

 
63

 
5,318

 
60

Construction - commercial residential
6,421

 
16

 
12,171

 
40

 
7,236

 
35

 
13,048

 
95

Construction - commercial
—

 
—

 
925

 
—

 
—

 
—

 
1,144

 
—

 
50,556

 
141

 
62,210

 
183

 
50,355

 
275

 
61,164

 
378

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
33,042

 
104

 
40,204

 
126

 
33,927

 
212

 
40,143

 
259

Commercial - secured
25,919

 
33

 
25,902

 
38

 
28,489

 
71

 
23,713

 
74

Commercial - unsecured
929

 
1

 
2,082

 
2

 
893

 
2

 
1,751

 
3

Real estate - home equity
17,950

 
70

 
13,016

 
33

 
17,222

 
127

 
13,163

 
64

Real estate - residential mortgage
41,928

 
226

 
47,020

 
270

 
43,164

 
461

 
46,839

 
543

Construction - commercial residential
5,566

 
14

 
6,031

 
21

 
5,807

 
29

 
6,655

 
49

Construction - commercial
548

 
—

 
960

 
—

 
578

 
—

 
981

 
—

Construction - other
513

 
—

 
281

 
—

 
406

 
—

 
281

 
—

Consumer - direct
10

 
—

 
17

 
—

 
16

 
—

 
18

 
—

Consumer - indirect
15

 
—

 
17

 
—

 
11

 
—

 
17

 
—

Leasing, other and overdrafts
711

 
—

 
—

 
—

 
949

 
—

 
—

 
—

 
127,131

 
448

 
135,530

 
490

 
131,462

 
902

 
133,561

 
992

Total
$
177,687

 
$
589

 
$
197,740

 
$
673

 
$
181,817

 
$
1,177

 
$
194,725

 
1,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the three and six months ended June 30, 2016 and 2015 represents amounts earned on accruing TDRs.
Financing Receivable Credit Quality Indicators
The following table presents internal credit risk ratings for real estate - commercial mortgages, commercial - secured loans, commercial - unsecured loans, construction - commercial residential loans and construction - commercial loans:
 
Pass
 
Special Mention
 
Substandard or Lower
 
Total
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
(dollars in thousands)
Real estate - commercial mortgage
$
5,371,366

 
$
5,204,263

 
$
141,417

 
$
102,625

 
$
122,564

 
$
155,442

 
$
5,635,347

 
$
5,462,330

Commercial - secured
3,718,231

 
3,696,692

 
95,330

 
92,711

 
130,180

 
136,710

 
3,943,741

 
3,926,113

Commercial - unsecured
149,548

 
156,742

 
2,467

 
2,761

 
3,421

 
3,346

 
155,436

 
162,849

Total commercial - industrial, financial and agricultural
3,867,779

 
3,853,434

 
97,797

 
95,472

 
133,601

 
140,056

 
4,099,177

 
4,088,962

Construction - commercial residential
151,817

 
140,337

 
17,012

 
17,154

 
14,838

 
21,812

 
183,667

 
179,303

Construction - commercial
596,971

 
552,710

 
2,548

 
3,684

 
4,594

 
3,597

 
604,113

 
559,991

Total construction (excluding Construction - other)
748,788

 
693,047

 
19,560

 
20,838

 
19,432

 
25,409

 
787,780

 
739,294

 
$
9,987,933

 
$
9,750,744

 
$
258,774

 
$
218,935

 
$
275,597

 
$
320,907

 
$
10,522,304

 
$
10,290,586

% of Total
94.9
%
 
94.8
%
 
2.5
%
 
2.1
%
 
2.6
%
 
3.1
%
 
100.0
%
 
100.0
%
The following table presents a summary of performing, delinquency and non-performing status for home equity, real estate - residential mortgages, construction loans to individuals and consumer, leasing and other loans by class segment:
 
Performing
 
Delinquent (1)
 
Non-performing (2)
 
Total
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
June 30, 2016
 
December 31, 2015
 
(dollars in thousands)
Real estate - home equity
$
1,623,095

 
$
1,660,773

 
$
10,051

 
$
8,983

 
$
14,173

 
$
14,683

 
$
1,647,319

 
$
1,684,439

Real estate - residential mortgage
1,408,244

 
1,329,371

 
14,018

 
18,305

 
25,030

 
28,484

 
1,447,292

 
1,376,160

Construction - other
63,404

 
59,997

 
1,416

 
88

 
1,099

 
609

 
65,919

 
60,694

Consumer - direct
92,906

 
94,262

 
1,860

 
2,254

 
1,695

 
2,203

 
96,461

 
98,719

Consumer - indirect
179,293

 
166,823

 
2,124

 
2,809

 
193

 
237

 
181,610

 
169,869

Total consumer
272,199

 
261,085

 
3,984

 
5,063

 
1,888

 
2,440

 
278,071

 
268,588

Leasing, other and overdrafts
193,233

 
155,870

 
863

 
759

 
158

 
1,506

 
194,254

 
158,135

 
$
3,560,175

 
$
3,467,096

 
$
30,332

 
$
33,198

 
$
42,348

 
$
47,722

 
$
3,632,855

 
$
3,548,016

% of Total
98.0
%
 
97.7
%
 
0.8
%
 
1.0
%
 
1.2
%
 
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 non-performing assets:

 
June 30,
2016
 
December 31,
2015
 
(in thousands)
Non-accrual loans
$
111,742

 
$
129,523

Loans 90 days or more past due and still accruing
15,992

 
15,291

Total non-performing loans
127,734

 
144,814

Other real estate owned (OREO)
11,918

 
11,099

Total non-performing assets
$
139,652

 
$
155,913
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:
 
June 30, 2016
 
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
$
7,813

 
$
2,288

 
$
192

 
$
35,512

 
$
35,704

 
$
45,805

 
$
5,589,542

 
$
5,635,347

Commercial - secured
4,532

 
7,207

 
2,997

 
34,675

 
37,672

 
49,411

 
3,894,330

 
3,943,741

Commercial - unsecured
372

 
43

 
367

 
863

 
1,230

 
1,645

 
153,791

 
155,436

Total commercial - industrial, financial and agricultural
4,904

 
7,250

 
3,364

 
35,538

 
38,902

 
51,056

 
4,048,121

 
4,099,177

Real estate - home equity
7,600

 
2,451

 
3,470

 
10,703

 
14,173

 
24,224

 
1,623,095

 
1,647,319

Real estate - residential mortgage
10,356

 
3,662

 
4,461

 
20,569

 
25,030

 
39,048

 
1,408,244

 
1,447,292

Construction - commercial residential
—

 
541

 
—

 
8,499

 
8,499

 
9,040

 
174,627

 
183,667

Construction - commercial
1,482

 
1,134

 
1,777

 
504

 
2,281

 
4,897

 
599,216

 
604,113

Construction - other
1,416

 
—

 
682

 
417

 
1,099

 
2,515

 
63,404

 
65,919

Total real estate - construction
2,898

 
1,675

 
2,459

 
9,420

 
11,879

 
16,452

 
837,247

 
853,699

Consumer - direct
1,169

 
691

 
1,695

 
—

 
1,695

 
3,555

 
92,906

 
96,461

Consumer - indirect
1,734

 
390

 
193

 
—

 
193

 
2,317

 
179,293

 
181,610

Total consumer
2,903

 
1,081

 
1,888

 
—

 
1,888

 
5,872

 
272,199

 
278,071

Leasing, other and overdrafts
400

 
463

 
158

 
—

 
158

 
1,021

 
193,233

 
194,254

Total
$
36,874

 
$
18,870

 
$
15,992

 
$
111,742

 
$
127,734

 
$
183,478

 
$
13,971,681

 
$
14,155,159

 
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 residential
1,366

 
494

 
—

 
11,213

 
11,213

 
13,073

 
166,230

 
179,303

Construction - commercial
50

 
176

 
—

 
638

 
638

 
864

 
559,127

 
559,991

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, other and overdrafts
483

 
276

 
81

 
1,425

 
1,506

 
2,265

 
155,870

 
158,135

Total
$
40,194

 
$
11,733

 
$
15,291

 
$
129,523

 
$
144,814

 
$
196,741

 
$
13,641,861

 
$
13,838,602
Troubled Debt Restructurings on Financing Receivables
The following table presents TDRs, by class segment:
 
June 30,
2016
 
December 31,
2015
 
(in thousands)
Real-estate - residential mortgage
$
27,324

 
$
28,511

Real-estate - commercial mortgage
17,808

 
17,563

Commercial - secured
5,645

 
5,833

Construction - commercial residential
3,086

 
3,942

Real estate - home equity
7,173

 
4,556

Commercial - unsecured
111

 
120

Consumer - indirect
—

 
14

Consumer - direct
18

 
19

Total accruing TDRs
61,165

 
60,558

Non-accrual TDRs (1)
24,887

 
31,035

Total TDRs
$
86,052

 
$
91,593

 
(1)
Included in non-accrual loans in the preceding table detailing non-performing assets
Loan Terms Modified Under Troubled Debt Restructurings
The following table presents TDRs, by class segment, as of June 30, 2016 and 2015, that were modified in the previous 12 months and had a post-modification payment default during the six months ended June 30, 2016 and 2015. The Corporation defines a payment default as a single missed payment.
 
2016
 
2015
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Real estate - home equity
22
 
$
1,448

 
7
 
$
614

Real estate - residential mortgage
5
 
972

 
6
 
652

Commercial - secured
4
 
1,096

 
8
 
4,779

Real estate - commercial mortgage
2
 
132

 
2
 
191

Commercial - unsecured
1
 
27

 
—
 
—

Total
34
 
$
3,675

 
23
 
$
6,236

The following table presents TDRs, by class segment as of June 30, 2016 and 2015, that were modified during the three and six months ended June 30, 2016 and 2015:
 
 
Three months ended June 30
 
Six months ended June 30
 
2016
 
2015
 
2016
 
2015
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
(dollars in thousands)
Commercial – secured:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
4

 
$
1,146

 
3

 
$
1,047

 
6

 
$
1,976

 
11

 
$
7,823

Commercial – unsecured:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
—

 
—

 
2

 
103

 
1

 
42

Real estate - commercial mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
1

 
132

 
—

 
—

 
4

 
2,627

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

 
—

 
—

 
—

 
1

 
44

 
—

 
—

 
Bankruptcy
23

 
969

 
15

 
739

 
60

 
3,667

 
25

 
1,231

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

 
—

 
—

 
—

 
—

 
—

 
1

 
104

 
Extend maturity without rate concession
2

 
315

 
—

 
—

 
2

 
315

 
2

 
225

 
Bankruptcy
1

 
373

 
4

 
456

 
1

 
373

 
5

 
737

Construction - commercial residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
—

 
—

 
—

 
—

 
1

 
889

Consumer - direct:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
—

 
—

 
—

 
—

 
1

 
2

 
—

 
—

Consumer - indirect:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
—

 
—

 
—

 
—

 
—

 
—

 
1

 
13

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
30

 
$
2,803

 
23

 
$
2,374

 
73

 
$
6,480

 
51

 
$
13,691