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Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows as of December 31:
 
2016
 
2015
 
(in thousands)
Real estate – commercial mortgage
$
6,018,582

 
$
5,462,330

Commercial – industrial, financial and agricultural
4,087,486

 
4,088,962

Real estate – home equity
1,625,115

 
1,684,439

Real estate – residential mortgage
1,601,994

 
1,376,160

Real estate – construction
843,649

 
799,988

Consumer
291,470

 
268,588

Leasing and other
246,704

 
170,914

Overdrafts
3,662

 
2,737

Loans, gross of unearned income
14,718,662

 
13,854,118

Unearned income
(19,390
)
 
(15,516
)
Loans, net of unearned income
$
14,699,272

 
$
13,838,602
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses as of December 31:
 
2016
 
2015
 
2014
 
(in thousands)
Allowance for loan losses
$
168,679

 
$
169,054

 
$
184,144

Reserve for unfunded lending commitments
2,646

 
2,358

 
1,787

Allowance for credit losses
$
171,325

 
$
171,412

 
$
185,931
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:
 
2016
 
2015
 
2014
 
(in thousands)
Balance at beginning of year
$
171,412

 
$
185,931

 
$
204,917

Loans charged off
(33,927
)
 
(32,157
)
 
(44,593
)
Recoveries of loans previously charged off
20,658

 
15,388

 
13,107

Net loans charged off
(13,269
)
 
(16,769
)
 
(31,486
)
Provision for credit losses
13,182

 
2,250

 
12,500

Balance at end of year
$
171,325

 
$
171,412

 
$
185,931

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
 
Total
 
(in thousands)
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 (1)
(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

Loans charged off
(3,580
)
 
(15,276
)
 
(4,912
)
 
(2,326
)
 
(1,218
)
 
(2,800
)
 
(3,815
)
 
—

 
(33,927
)
Recoveries of loans previously charged off
3,373

 
8,981

 
1,171

 
1,072

 
3,924

 
1,295

 
842

 
—

 
20,658

Net loans charged off
(207
)
 
(6,295
)
 
(3,741
)
 
(1,254
)
 
2,706

 
(1,505
)
 
(2,973
)
 
—

 
(13,269
)
Provision for loan losses (1)
(817
)
 
3,550

 
8,137

 
2,808

 
(2,780
)
 
2,494

 
3,697

 
(4,195
)
 
12,894

Balance at December 31, 2016
$
46,842

 
$
54,353

 
$
26,801

 
$
22,929

 
$
6,455

 
$
3,574

 
$
3,192

 
$
4,533

 
$
168,679

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
36,680

 
$
40,700

 
$
17,290

 
$
11,032

 
$
4,587

 
$
3,548

 
$
3,192

 
$
4,533

 
$
121,562

Evaluated for impairment under FASB ASC Section 310-10-35
10,162

 
13,653

 
9,511

 
11,897

 
1,868

 
26

 
—

 
N/A

 
47,117

 
$
46,842

 
$
54,353

 
$
26,801

 
$
22,929

 
$
6,455

 
$
3,574

 
$
3,192

 
$
4,533

 
$
168,679

Loans, net of unearned income at December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,963,689

 
$
4,038,511

 
$
1,605,910

 
$
1,555,946

 
$
833,117

 
$
291,430

 
$
230,976

 
N/A

 
$
14,519,579

Evaluated for impairment under FASB ASC Section 310-10-35
54,893

 
48,975

 
19,205

 
46,048

 
10,532

 
40

 
—

 
N/A

 
179,693

 
$
6,018,582

 
$
4,087,486

 
$
1,625,115

 
$
1,601,994

 
$
843,649

 
$
291,470

 
$
230,976

 
N/A

 
$
14,699,272

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



(1)
For the year ended December 31, 2016, the provision for loan losses excluded a $288,000 increase in the reserve for unfunded lending commitments. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $13.2 million for the year ended December 31, 2016. 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 was $2.3 million for the year ended December 31, 2015.
N/A – Not applicable.
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment as of December 31: 
 
2016
 
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
$
28,757

 
$
25,447

 
$
—

 
$
27,872

 
$
22,596

 
$
—

Commercial - secured
29,296

 
25,526

 
—

 
18,012

 
13,702

 
—

Real estate - residential mortgage
4,689

 
4,689

 
—

 
4,790

 
4,790

 
—

Construction - commercial residential
6,271

 
4,795

 
—

 
9,916

 
8,865

 
—

 
69,013

 
60,457

 
 
 
60,590

 
49,953

 
 
With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
37,132

 
29,446

 
10,162

 
45,189

 
35,698

 
12,471

Commercial - secured
27,767

 
22,626

 
13,198

 
39,659

 
33,629

 
14,085

Commercial - unsecured
1,122

 
823

 
455

 
971

 
821

 
498

Real estate - home equity
23,971

 
19,205

 
9,511

 
20,347

 
15,766

 
7,993

Real estate - residential mortgage
48,885

 
41,359

 
11,897

 
55,242

 
45,635

 
13,422

Construction - commercial residential
10,103

 
4,206

 
1,300

 
9,949

 
6,290

 
2,110

Construction - commercial
681

 
435

 
145

 
820

 
638

 
217

Construction - other
1,096

 
1,096

 
423

 
331

 
193

 
68

Consumer - indirect
19

 
19

 
12

 
14

 
14

 
8

Consumer - direct
21

 
21

 
14

 
19

 
19

 
14

Leasing and other and overdrafts
—

 
—

 
—

 
1,658

 
1,425

 
704

 
150,797

 
119,236

 
47,117

 
174,199

 
140,128

 
51,590

Total
$
219,810

 
$
179,693

 
$
47,117

 
$
234,789

 
$
190,081

 
$
51,590


As of December 31, 2016 and 2015, there were $60.5 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 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:
 
2016
 
2015
 
2014
 
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
$
24,232

 
$
294

 
$
25,345

 
$
315

 
$
23,467

 
$
320

Commercial - secured
19,825

 
104

 
15,654

 
97

 
18,928

 
119

Commercial - unsecured
—

 
—

 
17

 
—

 
—

 
—

Real estate - home equity
—

 
—

 
—

 
—

 
180

 
1

Real estate - residential mortgage
5,598

 
126

 
5,389

 
124

 
1,532

 
31

Construction - commercial residential
6,285

 
48

 
11,685

 
148

 
15,421

 
227

Construction - commercial
—

 
—

 
915

 
—

 
1,907

 
—

 
55,940

 
572

 
59,005

 
684

 
61,435

 
698

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
31,737

 
384

 
39,232

 
475

 
38,240

 
524

Commercial - secured
25,857

 
130

 
25,660

 
150

 
20,991

 
129

Commercial - unsecured
887

 
4

 
1,749

 
6

 
895

 
3

Real estate - home equity
17,912

 
285

 
13,887

 
144

 
13,976

 
108

Real estate - residential mortgage
42,191

 
908

 
46,252

 
1,041

 
50,281

 
1,178

Construction - commercial residential
5,295

 
41

 
6,455

 
79

 
8,723

 
136

Construction - commercial
524

 
—

 
931

 
—

 
1,900

 
—

Construction - other
682

 
—

 
263

 
—

 
387

 
—

Consumer - indirect
15

 
1

 
16

 
1

 
7

 
—

Consumer - direct
18

 
1

 
17

 
1

 
16

 
1

Leasing, other and overdrafts
854

 
—

 
285

 
—

 
—

 
—

 
125,972

 
1,754

 
134,747

 
1,897

 
135,416

 
2,079

Total
$
181,912

 
$
2,326

 
$
193,752

 
$
2,581

 
$
196,851

 
$
2,777

  
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the years ended December 31, 2016, 2015 and 2014 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

2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015

(dollars in thousands)
Real estate - commercial mortgage
$
5,763,122

 
$
5,204,263

 
$
132,484

 
$
102,625

 
$
122,976

 
$
155,442

 
$
6,018,582

 
$
5,462,330

Commercial - secured
3,686,152

 
3,696,692

 
128,873

 
92,711

 
118,527

 
136,710

 
3,933,552

 
3,926,113

Commercial -unsecured
145,922

 
156,742

 
4,481

 
2,761

 
3,531

 
3,346

 
153,934

 
162,849

Total commercial - industrial, financial and agricultural
3,832,074

 
3,853,434

 
133,354

 
95,472

 
122,058

 
140,056

 
4,087,486

 
4,088,962

Construction - commercial residential
113,570

 
140,337

 
15,447

 
17,154

 
13,172

 
21,812

 
142,189

 
179,303

Construction - commercial
635,963

 
552,710

 
3,412

 
3,684

 
5,115

 
3,597

 
644,490

 
559,991

Total real estate - construction (excluding construction - other)
749,533

 
693,047

 
18,859

 
20,838

 
18,287

 
25,409

 
786,679

 
739,294

Total
$
10,344,729

 
$
9,750,744

 
$
284,697

 
$
218,935

 
$
263,321

 
$
320,907

 
$
10,892,747

 
$
10,290,586

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
% of Total
95.0
%
 
94.8
%
 
2.6
%
 
2.1
%
 
2.4
%
 
3.1
%
 
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
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(dollars in thousands)
Real estate - home equity
$
1,602,687

 
$
1,660,773

 
$
9,274

 
$
8,983

 
$
13,154

 
$
14,683

 
$
1,625,115

 
$
1,684,439

Real estate - residential mortgage
1,557,995

 
1,329,371

 
20,344

 
18,305

 
23,655

 
28,484

 
1,601,994

 
1,376,160

Real estate - construction - other
55,874

 
59,997

 
—

 
88

 
1,096

 
609

 
56,970

 
60,694

Consumer - direct
93,572

 
94,262

 
1,752

 
2,254

 
1,563

 
2,203

 
96,887

 
98,719

Consumer - indirect
190,656

 
166,823

 
3,599

 
2,809

 
328

 
237

 
194,583

 
169,869

Total consumer
284,228

 
261,085

 
5,351

 
5,063

 
1,891

 
2,440

 
291,470

 
268,588

Leasing, other and overdrafts
229,591

 
155,870

 
1,068

 
759

 
317

 
1,506

 
230,976

 
158,135

Total
$
3,730,375

 
$
3,467,096

 
$
36,037

 
$
33,198

 
$
40,113

 
$
47,722

 
$
3,806,525

 
$
3,548,016

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
% of Total
98.0
%
 
97.7
%
 
0.9
%
 
1.0
%
 
1.1
%
 
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:
 
2016
 
2015
 
(in thousands)
Non-accrual loans
$
120,133

 
$
129,523

Loans 90 days or more past due and still accruing
11,505

 
15,291

Total non-performing loans
131,638

 
144,814

Other real estate owned
12,815

 
11,099

Total non-performing assets
$
144,453

 
$
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, as of December 31:

 
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
$
6,254

 
$
1,622

 
$
383

 
$
38,936

 
$
39,319

 
$
47,195

 
$
5,971,387

 
$
6,018,582

Commercial - secured
6,660

 
2,616

 
959

 
41,589

 
42,548

 
51,824

 
3,881,728

 
3,933,552

Commercial - unsecured
898

 
35

 
152

 
760

 
912

 
1,845

 
152,089

 
153,934

Total Commercial - industrial, financial and agricultural
7,558

 
2,651

 
1,111

 
42,349

 
43,460

 
53,669

 
4,033,817

 
4,087,486

Real estate - home equity
6,596

 
2,678

 
2,543

 
10,611

 
13,154

 
22,428

 
1,602,687

 
1,625,115

Real estate - residential mortgage
15,600

 
4,744

 
5,224

 
18,431

 
23,655

 
43,999

 
1,557,995

 
1,601,994

Construction - commercial
743

 
—

 
—

 
435

 
435

 
1,178

 
643,312

 
644,490

Construction - commercial residential
233

 
51

 
36

 
8,275

 
8,311

 
8,595

 
133,594

 
142,189

Construction - other
—

 
—

 
—

 
1,096

 
1,096

 
1,096

 
55,874

 
56,970

Total Real estate - construction
976

 
51

 
36

 
9,806

 
9,842

 
10,869

 
832,780

 
843,649

Consumer - direct
1,211

 
541

 
1,563

 
—

 
1,563

 
3,315

 
93,572

 
96,887

Consumer - indirect
3,200

 
399

 
328

 
—

 
328

 
3,927

 
190,656

 
194,583

Total Consumer
4,411

 
940

 
1,891

 
—

 
1,891

 
7,242

 
284,228

 
291,470

Leasing, other and overdrafts
543

 
525

 
317

 
—

 
317

 
1,385

 
229,591

 
230,976

 
$
41,938

 
$
13,211

 
$
11,505

 
$
120,133

 
$
131,638

 
$
186,787

 
$
14,512,485

 
$
14,699,272


 
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, 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
Troubled Debt Restructurings on Financing Receivables
The following table presents TDRs as of December 31:
 
2016
 
2015
 
(in thousands)
Real-estate - residential mortgage
$
27,617

 
$
28,511

Real-estate - commercial mortgage
15,957

 
17,563

Construction - commercial residential
726

 
3,942

Commercial - secured
6,564

 
5,833

Real estate - home equity
8,594

 
4,556

Commercial - unsecured
63

 
120

Consumer - direct
20

 
19

Consumer - indirect
19

 
14

Total accruing TDRs
59,560

 
60,558

Non-accrual TDRs (1)
27,850

 
31,035

Total TDRs
$
87,410

 
$
91,593

 
(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, 2016, 2015 and 2014:

 
2016
 
2015
 
2014
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 with rate concession
—

 
$
—

 
2

 
$
127

 
3

 
$
315

 
Extend maturity without rate concession
10

 
3,801

 
9

 
3,785

 
8

 
1,640

Commercial – unsecured:
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
2

 
103

 
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
89

 
4,484

 
3

 
203

 
—

 
—

 
Bankruptcy
47

 
2,671

 
52

 
2,501

 
30

 
1,551

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

 
—

 
4

 
750

 
2

 
390

 
Extend maturity without rate concession
2

 
315

 
3

 
262

 
2

 
210

 
Bankruptcy
6

 
981

 
7

 
2,508

 
19

 
1,807

Construction - commercial residential:
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
1

 
1,535

 
3

 
3,616

Consumer - direct:
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
1

 
2

 
2

 
6

 
7

 
7

Consumer - indirect:
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
1

 
21

 
1

 
12

 
4

 
20

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
158

 
$
12,378

 
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, 2016, 2015 and 2014 that were modified during the years ended December 31, 2016, 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:
 
2016
 
2015
 
2014
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Construction - commercial residential
—

 
$
—

 
—

 
$
—

 
2

 
$
1,803

Real estate - commercial mortgage
1

 
118

 
4

 
359

 
2

 
1,660

Real estate - residential mortgage
8

 
1,500

 
4

 
445

 
11

 
1,430

Commercial - secured
6

 
2,497

 
8

 
3,549

 
4

 
1,208

Commercial - unsecured
1

 
26

 
—

 
—

 
—

 
—

Real estate - home equity
28

 
1,836

 
13

 
763

 
11

 
961

Consumer - indirect
1

 
19

 
—

 
—

 
—

 
—

Consumer - direct
—

 
—

 
—

 
—

 
1

 
1

Total
45

 
$
5,996

 
29

 
$
5,116

 
31

 
$
7,063