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Loans (Tables)
12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Composition Of Loan Portfolio
The following table presents the Company's loans held-for-investment by class.
Loan Portfolio
(Dollar amounts in thousands)
 
 
As of December 31,
 
 
2014
 
2013
Commercial and industrial
 
$
2,253,556

 
$
1,830,638

Agricultural
 
358,249

 
321,702

Commercial real estate:
 
 
 
 
Office, retail, and industrial
 
1,478,379

 
1,353,685

Multi-family
 
564,421

 
332,873

Construction
 
204,236

 
186,197

Other commercial real estate
 
887,897

 
807,071

Total commercial real estate
 
3,134,933

 
2,679,826

Total corporate loans
 
5,746,738

 
4,832,166

Home equity
 
543,185

 
427,020

1-4 family mortgages
 
291,463

 
275,992

Installment
 
76,032

 
44,827

Total consumer loans
 
910,680

 
747,839

Total loans, excluding covered loans
 
6,657,418

 
5,580,005

Covered loans (1)
 
79,435

 
134,355

Total loans
 
$
6,736,853

 
$
5,714,360

Deferred loan fees included in total loans
 
$
3,922

 
$
4,656

Overdrawn demand deposits included in total loans
 
3,438

 
5,047


(1) 
For information on covered loans, see Note 6, "Acquired and Covered Loans."
Schedule of Financial Instruments Owned and Pledged as Collateral
The carrying value of loans that were pledged to secure liabilities as of December 31, 2014 and 2013 are presented below.
Carrying Value of Loans Pledged
(Dollar amounts in thousands)
 
 
As of December 31
 
 
2014
 
2013
Loans pledged to secure:
 
 
 
 
FHLB advances
 
$
1,952,736

 
$
1,632,069

FRB's Discount Window Primary Credit Program
 
845,974

 
766,870

Total
 
$
2,798,710

 
$
2,398,939

Schedule of Loans Sold
The following table presents loan sales for the years ended December 31, 2014, 2013, and 2012.
Loan Sales
(Dollar amounts in thousands)
 
 
Proceeds
 
Book Value
 
Charge-offs (1)
 
Net Gains (2)
Loan sales in 2014
 
 
 
 
 
 
 
 
Mortgage loans
 
$
148,680

 
$
144,909

 
$

 
$
3,771

Non-performing loans
 
17,750

 
21,200

 
(3,450
)
 

Total loan sales in 2014
 
$
166,430

 
$
166,109

 
$
(3,450
)
 
$
3,771

Loan sales in 2013
 
 
 
 
 
 
 
 
Mortgage loans
 
$
152,130

 
$
147,413

 
$

 
$
4,717

Non-performing loans
 
1,275

 
2,835

 
(1,560
)
 

Total loan sales in 2013
 
$
153,405

 
$
150,248

 
$
(1,560
)
 
$
4,717

Loan sales in 2012
 
 
 
 
 
 
 
 
Bulk loan sales
 
$
94,470

 
$
169,577

 
$
(80,260
)
 
$
5,153

Mortgage loans
 
52,595

 
50,326

 

 
2,269

Non-performing loans
 
4,200

 
6,587

 
(2,387
)
 

Total loan sales in 2012
 
$
151,265

 
$
226,490

 
$
(82,647
)
 
$
7,422


(1) 
Amount represents charge-offs to the allowance for loan and covered loan losses at the time the loans were identified for sale.
(2) 
The net gains on the bulk loan sales represent gains realized subsequent to the transfer to held-for-sale and are included as a separate component of noninterest income in the Consolidated Statements of Income. Net gains on mortgage loan sales are included in mortgage banking income in the Consolidated Statements of Income.