Loans and the Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table sets forth the composition of the Company’s loan portfolio segments, including net deferred fees, as of March 31, 2019 and December 31, 2018:

	March 31,			December 31,
	2019			2018
	(dollars in thousands)
Commercial	$	1,051,199		$	988,758
Commercial real estate		3,054,196			2,778,167
Commercial construction		548,039			465,389
Residential real estate		319,215			309,991
Consumer		4,156			2,594
Gross loans		4,976,805			4,544,899
Net deferred loan fees		(4,154	)		(3,807	)
Total loans receivable	$	4,972,651		$	4,541,092

Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]

The recorded investment of those loans is as follows at March 31, 2019 and December 31, 2018.

	March 31,		December 31,
	2019		2018
	(dollars in thousands)
Commercial	$	6,159	$	2,509
Commercial real estate		1,181		-
Commercial construction		1,649		-
	$	8,989	$	2,509

Loans and Leases Receivable Purchased Loans [Table Text Block]

The following table presents the accretable yield, or income expected to be collected, on the purchased credit-impaired loans for three months ended March 31, 2019 and March 31, 2018:

	Three Months			Three Months
	Ended			Ended
	March 31,			March 31,
	2019			2018
	(dollars in thousands)
Balance at beginning of period	$	1,134		$	1,387
New loans purchased		1,286			-
Accretion of income		(146	)		(65	)
Balance at end of period	$	2,274		$	1,322

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following tables present nonaccrual loans included in loans receivable by loan class as of March 31, 2019 and December 31, 2018:

	March 31,		December 31,
	2019		2018
	(dollars in thousands)
Commercial	$	28,099	$	29,340
Commercial real estate		12,159		15,135
Commercial construction		2,934		2,934
Residential real estate		4,488		4,446
Total nonaccrual loans	$	47,680	$	51,855

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents information about the loan credit quality by loan class of gross loans (which exclude net deferred fees) at March 31, 2019 and December 31, 2018:

	March 31, 2019
			Special
	Pass		Mention		Substandard		Doubtful		Total
	(dollars in thousands)
Commercial	$	997,975	$	17,452	$	35,772	$	-	$	1,051,199
Commercial real estate		3,024,553		12,970		16,673		-		3,054,196
Commercial construction		533,103		6,920		8,014		-		548,039
Residential real estate		314,599		-		4,616		-		319,215
Consumer		4,143		-		13		-		4,156
Gross loans	$	4,874,375	$	37,342	$	65,088	$	-	$	4,976,805
	December 31, 2018
			Special
	Pass		Mention		Substandard		Doubtful		Total
	(dollars in thousands)
Commercial	$	951,610	$	3,371	$	33,777	$	-	$	988,758
Commercial real estate		2,742,989		12,574		22,604		-		2,778,167
Commercial construction		453,598		5,515		6,276		-		465,389
Residential real estate		305,414		-		4,577		-		309,991
Consumer		2,576		-		18		-		2,594
Gross loans	$	4,456,187	$	21,460	$	67,252	$	-	$	4,544,899

Impaired Financing Receivables [Table Text Block]

The following table provides an analysis of the impaired loans by class as of March 31, 2019 and 2018.

	March 31, 2019
			Unpaid
	Recorded		Principal		Related
	Investment		Balance		Allowance
No related allowance recorded	(dollars in thousands)
Commercial	$	28,870	$	78,844
Commercial real estate		10,124		18,258
Commercial construction		6,326		10,443
Residential real estate		2,185		2,511
Consumer		-		-
Total (no related allowance)	$	47,505	$	110,056
With an allowance recorded
Commercial real estate	$	4,984	$	7,999	$	1,035
Residential real estate		256		266		25
Total (with allowance)	$	5,240	$	8,265	$	1,060
Total
Commercial	$	28,870	$	78,844	$	-
Commercial real estate		15,108		26,257		1,035
Commercial construction		6,326		10,443		-
Residential real estate		2,441		2,777		25
Consumer		-		-		-
Total	$	52,745	$	118,321	$	1,060
	December 31, 2018
			Unpaid
	Recorded		Principal		Related
	Investment		Balance		Allowance
No related allowance recorded	(dollars in thousands)
Commercial	$	29,896	$	83,596
Commercial real estate		16,839		17,935
Commercial construction		9,240		9,240
Residential real estate		2,209		2,521
Consumer		-		-
Total (no related allowance)	$	58,184	$	113,292
With an allowance recorded
Commercial real estate	$	1,488	$	1,488	$	7
Residential real estate		260		266		29
	$	1,748	$	1,754	$	36
Total
Commercial	$	29,896	$	83,596	$	-
Commercial real estate		18,327		19,423		7
Commercial construction		9,240		9,240		-
Residential real estate		2,469		2,787		29
Consumer		-		-		-
Total	$	59,932	$	115,046	$	36

Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block]

The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by class as of and for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019				2018
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded
Commercial	$	29,080	$	16	$	45,607	$	31
Commercial real estate		10,146		47		35,010		243
Commercial construction		10,400		57		6,083		77
Residential real estate		2,194		-		2,613		-
Consumer		-		-		-		-
Total	$	51,820	$	120	$	89,313	$	351
Impaired loans with an allowance recorded
Commercial real estate	$	7,084	$	-	$	1,129	$	12
Commercial construction		-		-		2,649		42
Residential real estate		258		-		-		-
Total	$	7,342	$	-	$	3,778	$	54
Total impaired loans
Commercial	$	29,080	$	16	$	45,607	$	31
Commercial real estate		17,230		47		36,139		255
Commercial construction		10,400		57		8,732		119
Residential real estate		2,452		-		2,613		-
Consumer		-		-		-		-
Total	$	59,162	$	120	$	93,091	$	405

Past Due Financing Receivables [Table Text Block]

The following table provides an analysis of the aging of the loans by class, excluding net deferred fees, that are past due at March 31, 2019 and December 31, 2018:

	March 31, 2019
					90 Days or
					Greater Past				Total Past
	30-59 Days		60-89 Days		Due and Still				Due and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Gross Loans
	(dollars in thousands)
Commercial	$	1,979	$	2,626	$	3,799	$	28,099	$	36,503	$	1,014,696	$	1,051,199
Commercial real estate		10,213		180		-		12,159		22,552		3,031,644		3,054,196
Commercial construction		648		-		1,649		2,934		5,231		542,808		548,039
Residential real estate		1,591		-		-		4,488		6,079		313,136		319,215
Consumer		12		-		-		-		12		4,144		4,156
Total	$	14,443	$	2,806	$	5,448	$	47,680	$	70,377	$	4,906,428	$	4,976,805

Included in the 90 days or greater past due and still accruing category as of March 31, 2019 are purchased credit-impaired loans, net of fair value marks, which accretes income per the valuation at date of acquisition.

	December 31, 2018
					90 Days or
					Greater Past				Total Past
	30-59 Days		60-89 Days		Due and Still				Due and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Gross Loans
Commercial	$	1,673	$	-	$	1,647	$	29,340	$	32,660	$	956,098	$	988,758
Commercial real estate		6,162		1,840		-		15,135		23,137		2,755,030		2,778,167
Commercial construction		2,496		564		-		2,934		5,994		459,395		465,389
Residential real estate		3,455		119		-		4,446		8,020		301,971		309,991
Consumer		-		-		-		-		-		2,594		2,594
Total	$	13,786	$	2,523	$	1,647	$	51,855	$	69,811	$	4,475,088	$	4,544,899

Schedule of Recorded Investment in Financing Receivables [Table Text Block]

The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan losses that are allocated to each loan portfolio segment:

	March 31, 2019
			Commercial		Commercial		Residential
	Commercial		real estate		construction		real estate		Consumer		Unallocated		Total
	(dollars in thousands)
ALLL
Individually evaluated for impairment	$	-	$	1,035	$	-	$	25	$	-	$	-	$	1,060
Collectively evaluated for impairment		8,460		19,526		4,982		1,141		1		488		34,598
Acquired portfolio		200		1,000		-		-		-		-		1,200
Acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total	$	8,660	$	21,561	$	4,982	$	1,166	$	1	$	488	$	36,858
Gross loans
Individually evaluated for impairment	$	28,870	$	15,108	$	6,326	$	2,441	$	-			$	52,745
Collectively evaluated for impairment		893,678		2,603,459		498,503		267,903		3,826				4,267,369
Acquired portfolio		122,492		434,448		41,561		48,871		330				647,702
Acquired with deteriorated credit quality		6,159		1,181		1,649		-		-				8,989
Total	$	1,051,199	$	3,054,196	$	548,039	$	319,215	$	4,156			$	4,976,805
	December 31, 2018
			Commercial		Commercial		Residential
	Commercial		real estate		construction		real estate		Consumer		Unallocated		Total
	(dollars in thousands)
Allowance for loan losses
Individually evaluated for impairment	$	-	$	7	$	-	$	29	$	-	$	-	$	36
Collectively evaluated for impairment		9,675		17,840		4,519		1,237		2		445		33,718
Acquired portfolio		200		1,000		-		-		-		-		1,200
Acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total	$	9,875	$	18,847	$	4,519	$	1,266	$	2	$	445	$	34,954
Gross loans
Individually evaluated for impairment	$	29,896	$	18,327	$	9,240	$	2,469	$	-			$	59,932
Collectively evaluated for impairment		949,129		2,500,132		456,149		263,449		2,484				4,171,343
Acquired portfolio		7,224		259,708		-		44,073		110				311,115
Acquired with deteriorated credit quality		2,509		-		-		-		-				2,509
Total	$	988,758	$	2,778,167	$	465,389	$	309,991	$	2,594			$	4,544,899

Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the allowance for loan losses by loan segment is as follows:

	Three Months Ended March 31, 2019
				Commercial			Commercial		Residential
	Commercial			real estate			construction		real estate			Consumer			Unallocated		Total
	(dollars in thousands)
Balance at December 31, 2018	$	9,875		$	18,847		$	4,519	$	1,266		$	2		$	445	$	34,954
Charge-offs		-			(2,676	)		-		-			-			-		(2,676	)
Recoveries		71			-			-		2			7			-		80
Provision for loan losses		(1,286	)		5,390			463		(102	)		(8	)		43		4,500
Balance at March 31, 2019	$	8,660		$	21,561		$	4,982	$	1,166		$	1		$	488	$	36,858

	Three Months Ended March 31, 2018
				Commercial		Commercial		Residential
	Commercial			real estate		construction		real estate			Consumer		Unallocated		Total
	(dollars in thousands)
Balance at December 31,
2017	$	8,233		$	17,112	$	4,747	$	1,050		$	1	$	605	$	31,748
Charge-offs		(17,020	)		-		-		(18	)		-		-		(17,038	)
Recoveries		19			-		-		-			-		-		19
Provision for loan losses		17,318			323		25		77			1		56		17,800
Balance at March 31, 2018	$	8,550		$	17,435	$	4,772	$	1,109		$	2	$	661	$	32,529

Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

The following table presents loans by class modified as TDRs that occurred during the three months ended March 31, 2018 (dollars in thousands):

		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
	Loans	Investment		Investment
Troubled debt restructurings:
Commercial	3	$	2,077	$	2,077
Commercial real estate	1		60		60
Commercial construction	2		1,839		1,839
Total	6	$	3,976	$	3,976