Loans (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Schedule of Loan Portfolio Non-Covered and Covered PCI Loans and Non-PCI Loans

The detail of the loan portfolio as of September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015						December 31, 2014
	Non-PCI Loans		PCI Loans		Total		Non-PCI Loans		PCI Loans		Total
	(in thousands)
Non-covered loans:
Commercial and industrial	$	2,152,638	$	246,813	$	2,399,451	$	1,959,927	$	277,371	$	2,237,298
Commercial real estate:
Commercial real estate	6,009,760		880,597		6,890,357		5,053,742		978,448		6,032,190
Construction	521,543		46,083		567,626		476,094		53,869		529,963
Total commercial real estate loans	6,531,303		926,680		7,457,983		5,529,836		1,032,317		6,562,153
Residential mortgage	2,863,402		83,294		2,946,696		2,419,044		96,631		2,515,675
Consumer:
Home equity	392,658		82,072		474,730		400,136		91,609		491,745
Automobile	1,219,734		24		1,219,758		1,144,780		51		1,144,831
Other consumer	379,291		9,414		388,705		298,389		11,931		310,320
Total consumer loans	1,991,683		91,510		2,083,193		1,843,305		103,591		1,946,896
Total non-covered loans	13,539,026		1,348,297		14,887,323		11,752,112		1,509,910		13,262,022
Covered loans:
Commercial and industrial	—		1,167		1,167		—		13,813		13,813
Commercial real estate	—		70,320		70,320		—		128,691		128,691
Construction	—		2,027		2,027		—		3,171		3,171
Residential mortgage	—		52,566		52,566		—		60,697		60,697
Consumer	—		3,411		3,411		—		5,519		5,519
Total covered loans	—		129,491		129,491		—		211,891		211,891
Total loans	$	13,539,026	$	1,477,788	$	15,016,814	$	11,752,112	$	1,721,801	$	13,473,913

Changes in Accretable Yield for Covered Loans

The following table presents changes in the accretable yield for PCI loans during the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands)
Balance, beginning of period	$	282,101		$	122,342		$	336,208		$	223,799
Accretion	(24,814		)	(15,538		)	(78,921		)	(46,981		)
Net decrease in expected cash flows	—			—			—			(70,014		)
Balance, end of period	$	257,287		$	106,804		$	257,287		$	106,804

Changes in FDIC Loss-Share Receivable

Changes in the FDIC loss-share receivable for the three and nine months ended September 30, 2015 and 2014 were as follows: 

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands)
Balance, beginning of the period	$	8,404		$	20,687		$	13,848		$	32,757
Discount accretion of the present value at the acquisition dates	43			12			130			35
Effect of additional cash flows on covered loans (prospective recognition)	—			(4,500		)	(4,072		)	(8,460		)
Decrease in the provision for losses on covered loans	—			—			—			(4,417		)
Net (recovered) reimbursable expenses	(238		)	745			174			2,248
Reimbursements from the FDIC	(1,082		)	(684		)	(2,835		)	(4,967		)
Other	140			(80		)	22			(1,016		)
Balance, end of the period	$	7,267		$	16,180		$	7,267		$	16,180

Past Due, Non-Accrual and Current Non-Covered Loans by Loan Portfolio Class

The following table presents past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis, and non-performing loans held for sale) by loan portfolio class at September 30, 2015 and December 31, 2014:

	Past Due and Non-Accrual Loans
	30-59 Days Past Due Loans		60-89 Days Past Due Loans		Accruing Loans 90 Days or More Past Due		Non-Accrual Loans		Total Past Due Loans		Current Non-PCI Loans		Total Non-PCI Loans
	(in thousands)
September 30, 2015
Commercial and industrial	$	2,081	$	1,996	$	224	$	12,845	$	17,146	$	2,135,492	$	2,152,638
Commercial real estate:
Commercial real estate	2,950		1,415		245		22,129		26,739		5,983,021		6,009,760
Construction	4,707		—		—		5,959		10,666		510,877		521,543
Total commercial real estate loans	7,657		1,415		245		28,088		37,405		6,493,898		6,531,303
Residential mortgage	5,617		1,977		3,468		16,657		27,719		2,835,683		2,863,402
Consumer loans:
Home equity	1,285		218		—		1,576		3,079		389,579		392,658
Automobile	1,904		480		164		—		2,548		1,217,186		1,219,734
Other consumer	302		24		2		58		386		378,905		379,291
Total consumer loans	3,491		722		166		1,634		6,013		1,985,670		1,991,683
Total	$	18,846	$	6,110	$	4,103	$	59,224	$	88,283	$	13,450,743	$	13,539,026
December 31, 2014
Commercial and industrial	$	1,630	$	1,102	$	226	$	8,467	$	11,425	$	1,948,502	$	1,959,927
Commercial real estate:
Commercial real estate	8,938		113		49		22,098		31,198		5,022,544		5,053,742
Construction	448		—		3,988		5,223		9,659		466,435		476,094
Total commercial real estate loans	9,386		113		4,037		27,321		40,857		5,488,979		5,529,836
Residential mortgage	6,200		3,575		1,063		17,760		28,598		2,390,446		2,419,044
Consumer loans:
Home equity	761		282		—		2,022		3,065		397,071		400,136
Automobile	1,902		391		126		90		2,509		1,142,271		1,144,780
Other consumer	319		91		26		97		533		297,856		298,389
Total consumer loans	2,982		764		152		2,209		6,107		1,837,198		1,843,305
Total	$	20,198	$	5,554	$	5,478	$	55,757	$	86,987	$	11,665,125	$	11,752,112

Impaired Loans

The following table presents the information about impaired loans by loan portfolio class at September 30, 2015 and December 31, 2014:

	Recorded Investment With No Related Allowance		Recorded Investment With Related Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Allowance
	(in thousands)
September 30, 2015
Commercial and industrial	$	6,624	$	20,760	$	27,384	$	32,070	$	4,446
Commercial real estate:
Commercial real estate	28,833		42,947		71,780		75,489		4,187
Construction	12,901		4,753		17,654		17,654		349
Total commercial real estate loans	41,734		47,700		89,434		93,143		4,536
Residential mortgage	7,269		16,155		23,424		16,166		1,632
Consumer loans:
Home equity	413		2,684		3,097		3,175		463
Total consumer loans	413		2,684		3,097		3,175		463
Total	$	56,040	$	87,299	$	143,339	$	144,554	$	11,077
December 31, 2014
Commercial and industrial	$	6,579	$	21,645	$	28,224	$	33,677	$	4,929
Commercial real estate:
Commercial real estate	29,784		44,713		74,497		77,007		5,342
Construction	14,502		2,299		16,801		20,694		160
Total commercial real estate loans	44,286		47,012		91,298		97,701		5,502
Residential mortgage	6,509		15,831		22,340		24,311		1,629
Consumer loans:
Home equity	235		2,911		3,146		3,247		465
Total consumer loans	235		2,911		3,146		3,247		465
Total	$	57,609	$	87,399	$	145,008	$	158,936	$	12,525

Average Recorded Investment and Interest Income Recognized on Impaired Loans

The following tables present by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2015 and 2014: 

	Three Months Ended September 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	28,892	$	232	$	30,387	$	172
Commercial real estate:
Commercial real estate	76,509		538		83,045		604
Construction	20,007		139		16,954		147
Total commercial real estate loans	96,516		677		99,999		751
Residential mortgage	25,336		208		25,382		227
Consumer loans:
Home equity	4,275		43		3,039		18
Total consumer loans	4,275		43		3,039		18
Total	$	155,019	$	1,160	$	158,807	$	1,168

	Nine Months Ended September 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	27,570	$	689	$	37,229	$	831
Commercial real estate:
Commercial real estate	76,900		1,918		91,184		2,173
Construction	16,066		415		18,541		445
Total commercial real estate loans	92,966		2,333		109,725		2,618
Residential mortgage	23,261		707		26,447		709
Consumer loans:
Home equity	4,125		111		1,855		47
Total consumer loans	4,125		111		1,855		47
Total	$	147,922	$	3,840	$	175,256	$	4,205

Pre-Modification and Post-Modification Outstanding Recorded Investments

The following tables present loans by loan portfolio class modified as TDRs during the three and nine months ended September 30, 2015 and 2014. The pre-modification and post-modification outstanding recorded investments disclosed in the table below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at September 30, 2015 and 2014, respectively.

	Three Months Ended September 30, 2015					Three Months Ended September 30, 2014
Troubled Debt Restructurings	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
Commercial and industrial	2	$	1,530	$	1,530	1	$	3,159	$	3,159
Commercial real estate:
Commercial real estate	—	—		—		4	6,111		2,865
Construction	2	4,974		3,451		1	403		500
Total commercial real estate	2	4,974		3,451		5	6,514		3,365
Residential mortgage	3	1,080		1,050		3	568		557
Consumer	—	—		—		2	1,803		1,803
Total	7	$	7,584	$	6,031	11	$	12,044	$	8,884

	Nine Months Ended September 30, 2015					Nine Months Ended September 30, 2014
Troubled Debt Restructurings	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
Commercial and industrial	12	$	4,621	$	4,081	9	$	11,340	$	10,361
Commercial real estate:
Commercial real estate	4	6,562		6,444		12	22,282		18,011
Construction	3	5,474		4,635		3	5,731		4,232
Total commercial real estate	7	12,036		11,079		15	28,013		22,243
Residential mortgage	6	2,458		2,420		7	2,893		2,640
Consumer	1	1,081		1,072		3	1,935		1,935
Total	26	$	20,196	$	18,652	34	$	44,181	$	37,179

Risk Category of Loans

The following table presents the risk category of loans (excluding PCI loans) by class of loans based on the most recent analysis performed at September 30, 2015 and December 31, 2014. 

Credit exposure - by internally assigned risk rating	Pass		Special Mention		Substandard		Doubtful		Total Non-PCI Loans
	(in thousands)
September 30, 2015
Commercial and industrial	$	2,045,297	$	66,354	$	39,152	$	1,835	$	2,152,638
Commercial real estate	5,842,344		61,842		105,574		—		6,009,760
Construction	507,223		982		13,338		—		521,543
Total	$	8,394,864	$	129,178	$	158,064	$	1,835	$	8,683,941
December 31, 2014
Commercial and industrial	$	1,865,472	$	50,453	$	44,002	$	—	$	1,959,927
Commercial real estate	4,903,185		40,232		110,325		—		5,053,742
Construction	455,145		1,923		16,482		2,544		476,094
Total	$	7,223,802	$	92,608	$	170,809	$	2,544	$	7,489,763

Recorded Investment in Loan Classes Based on Payment Activity

The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2015 and December 31, 2014:

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total Non-PCI Loans
	(in thousands)
September 30, 2015
Residential mortgage	$	2,846,745	$	16,657	$	2,863,402
Home equity	391,082		1,576		392,658
Automobile	1,219,734		—		1,219,734
Other consumer	379,233		58		379,291
Total	$	4,836,794	$	18,291	$	4,855,085
December 31, 2014
Residential mortgage	$	2,401,284	$	17,760	$	2,419,044
Home equity	398,114		2,022		400,136
Automobile	1,144,690		90		1,144,780
Other consumer	298,292		97		298,389
Total	$	4,242,380	$	19,969	$	4,262,349

The following table presents the recorded investment in PCI loans by class based on individual loan payment activity as of September 30, 2015 and December 31, 2014.

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total PCI Loans
	(in thousands)
September 30, 2015
Commercial and industrial	$	244,445	$	3,535	$	247,980
Commercial real estate	940,668		10,249		950,917
Construction	47,216		894		48,110
Residential mortgage	132,649		3,211		135,860
Consumer	90,582		4,339		94,921
Total	$	1,455,560	$	22,228	$	1,477,788
December 31, 2014
Commercial and industrial	$	272,027	$	19,157	$	291,184
Commercial real estate	1,091,784		15,355		1,107,139
Construction	52,802		4,238		57,040
Residential mortgage	153,789		3,539		157,328
Consumer	103,686		5,424		109,110
Total	$	1,674,088	$	47,713	$	1,721,801