Recent Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Schedule of Composition of Loans and Impact of Adoption

The composition of loans by portfolio segment as of December 31, 2019 follows:

(dollars in thousands)	December 31, 2019 Statement Balance		Segment Portfolio Reclassifications		December 31, 2019 After Reclassifications
Loans:
Commercial	$	2,890,296	$	(75,142)	$	2,815,154
Commercial real estate	5,166,792		(277,539)		4,889,253
BBCC	N/A		352,681		352,681
Residential real estate	2,334,289		—		2,334,289
Consumer	1,726,147		(1,726,147)		N/A
Indirect	N/A		935,584		935,584
Direct	N/A		228,524		228,524
Home equity	N/A		562,039		562,039
Total	$	12,117,524	$	—	$	12,117,524
Allowance:
Commercial	$	(22,585)	$	1,226	$	(21,359)
Commercial real estate	(21,588)		1,053		(20,535)
BBCC	N/A		(2,279)		(2,279)
Residential real estate	(2,299)		—		(2,299)
Consumer	(8,147)		8,147		N/A
Indirect	N/A		(5,319)		(5,319)
Direct	N/A		(1,863)		(1,863)
Home equity	N/A		(965)		(965)
Total	$	(54,619)	$	—	$	(54,619)

The following table illustrates the impact of adoption of the ASU:

(dollars in thousands)	December 31, 2019 After Reclassifications		Impact of ASC 326 Adoption		January 1, 2020 Post-ASC 326 Adoption
Assets:
Loans, net of unearned income:
Commercial	$	2,815,154	$	2,679	$	2,817,833
Commercial real estate	4,889,253		1,637		4,890,890
BBCC	352,681		33		352,714
Residential real estate	2,334,289		105		2,334,394
Indirect	935,584		10		935,594
Direct	228,524		2		228,526
Home equity	562,039		12		562,051
Total	12,117,524		4,478		12,122,002
Allowance:
Commercial	(21,359)		(7,150)		(28,509)
Commercial real estate	(20,535)		(25,548)		(46,083)
BBCC	(2,279)		(3,702)		(5,981)
Residential real estate	(2,299)		(6,986)		(9,285)
Indirect	(5,319)		1,669		(3,650)
Direct	(1,863)		1,059		(804)
Home equity	(965)		(689)		(1,654)
Total allowance for credit losses on loans	(54,619)		(41,347)		(95,966)
Net loans	$	12,062,905	$	(36,869)	$	12,026,036
Net deferred tax assets	$	29,705	$	10,268	$	39,973
Liabilities:
Allowance for credit losses on unfunded loan commitments	$	2,656	$	4,549	$	7,205
Shareholders' equity:
Retained earnings	$	682,185	$	(31,150)	$	651,035

The composition of loans by portfolio segment as of December 31, 2019 and January 1, 2020 follows:

	December 31, 2019		Credit		December 31, 2019		Impact of		January 1, 2020
	Statement		Risk		After		ASC 326		Post-ASC 326
(dollars in thousands)	Balance		Reclassifications		Reclassifications		Adoption		Adoption
Loans:
Commercial	$	2,890,296	$	(75,142)	$	2,815,154	$	2,679	$	2,817,833
Commercial real estate	5,166,792		(277,539)		4,889,253		1,637		4,890,890
BBCC	N/A		352,681		352,681		33		352,714
Residential real estate	2,334,289		—		2,334,289		105		2,334,394
Consumer	1,726,147		(1,726,147)		N/A		N/A		N/A
Indirect	N/A		935,584		935,584		10		935,594
Direct	N/A		228,524		228,524		2		228,526
Home equity	N/A		562,039		562,039		12		562,051
Total	$	12,117,524	$	—	$	12,117,524	$	4,478	$	12,122,002
Allowance:
Commercial	$	(22,585)	$	1,226	$	(21,359)	$	(7,150)	$	(28,509)
Commercial real estate	(21,588)		1,053		(20,535)		(25,548)		(46,083)
BBCC	N/A		(2,279)		(2,279)		(3,702)		(5,981)
Residential real estate	(2,299)		—		(2,299)		(6,986)		(9,285)
Consumer	(8,147)		8,147		N/A		N/A		N/A
Indirect	N/A		(5,319)		(5,319)		1,669		(3,650)
Direct	N/A		(1,863)		(1,863)		1,059		(804)
Home equity	N/A		(965)		(965)		(689)		(1,654)
Total	$	(54,619)	$	—	$	(54,619)	$	(41,347)	$	(95,966)