Loans (Tables)

12 Months Ended

Dec. 31, 2015

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

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



	December 31, 2015						December 31, 2014
	Non-PCI Loans		PCI Loans*		Total		Non-PCI Loans		PCI Loans*		Total
	(in thousands)
Loans:
Commercial and industrial	$	2,156,549	$	383,942	$	2,540,491	$	1,959,927	$	291,184	$	2,251,111
Commercial real estate:
Commercial real estate	6,069,532		1,355,104		7,424,636		5,053,742		1,107,139		6,160,881
Construction	607,694		147,253		754,947		476,094		57,040		533,134
Total commercial real estate loans	6,677,226		1,502,357		8,179,583		5,529,836		1,164,179		6,694,015
Residential mortgage	2,912,079		218,462		3,130,541		2,419,044		157,328		2,576,372
Consumer:
Home equity	391,809		119,394		511,203		400,136		97,111		497,247
Automobile	1,238,826		487		1,239,313		1,144,780		51		1,144,831
Other consumer	426,147		15,829		441,976		298,389		11,948		310,337
Total consumer loans	2,056,782		135,710		2,192,492		1,843,305		109,110		1,952,415
Total loans	$	13,802,636	$	2,240,471	$	16,043,107	$	11,752,112	$	1,721,801	$	13,473,913


*	PCI loans include covered loans (mostly consisting of commercial real estate and residential mortgage loans) totaling $122.3 million and $211.9 million at December 31, 2015 and 2014, respectively.

Schedule Of Acquired Loan Portfolio

The following table presents information regarding the estimates of the contractually required payments, the cash flows expected to be collected, and the estimated fair value of the PCI loans acquired in the CNL acquisition (see Note 2), as of the December 1, 2015 closing date for the acquisition.



	(in thousands)

Contractually required principal and interest	$	993,940
Contractual cash flows not expected to be collected (non-accretable difference)	(41,545		)
Expected cash flows to be collected	952,395
Interest component of expected cash flows (accretable yield)	(126,930		)
Fair value of acquired loans	$	825,465

Changes in Accretable Yield for Covered Loans

The following table presents changes in the accretable yield for PCI loans for the years ended December 31, 2015 and 2014:



	2015			2014
	(in thousands)
Balance, beginning of period	$	336,208		$	223,799
Acquisition	126,930			246,993
Accretion	(105,078		)	(74,507		)
Net increase (decrease) in expected cash flows	57,119			(60,077		)
Balance, end of period	$	415,179		$	336,208

Summary of Related Party Loans

The following table summarizes the changes in the total amounts of loans and advances to the related parties during the year ended December 31, 2015:



	2015
	(in thousands)
Outstanding at beginning of year	$	234,278
New loans and advances	8,128
Repayments	(50,840		)
Outstanding at end of year	$	191,566

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

The following tables present past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis) by loan portfolio class at December 31, 2015 and 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)
December 31, 2015
Commercial and industrial	$	3,920	$	524	$	213	$	10,913	$	15,570	$	2,140,979	$	2,156,549
Commercial real estate:
Commercial real estate	2,684		—		131		24,888		27,703		6,041,829		6,069,532
Construction	1,876		2,799		—		6,163		10,838		596,856		607,694
Total commercial real estate loans	4,560		2,799		131		31,051		38,541		6,638,685		6,677,226
Residential mortgage	6,681		1,626		1,504		17,930		27,741		2,884,338		2,912,079
Consumer loans:
Home equity	1,308		111		—		2,088		3,507		388,302		391,809
Automobile	1,969		491		164		118		2,742		1,236,084		1,238,826
Other consumer	71		24		44		—		139		426,008		426,147
Total consumer loans	3,348		626		208		2,206		6,388		2,050,394		2,056,782
Total	$	18,509	$	5,575	$	2,056	$	62,100	$	88,240	$	13,714,396	$	13,802,636



	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)
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 December 31, 2015 and 2014:



	Recorded Investment With No Related Allowance		Recorded Investment With Related Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Allowance
	(in thousands)
December 31, 2015
Commercial and industrial	$	7,863	$	17,851	$	25,714	$	33,071	$	3,439
Commercial real estate:
Commercial real estate	30,113		37,440		67,553		71,263		3,354
Construction	8,847		5,530		14,377		14,387		317
Total commercial real estate loans	38,960		42,970		81,930		85,650		3,671
Residential mortgage	7,842		14,770		22,612		24,528		1,377
Consumer loans:
Home equity	263		1,869		2,132		2,224		295
Total consumer loans	263		1,869		2,132		2,224		295
Total	$	54,928	$	77,460	$	132,388	$	145,473	$	8,782
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 table presents, by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2015, 2014 and 2013:



	2015				2014				2013
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	28,451	$	893	$	30,485	$	1,114	$	55,814	$	1,686
Commercial real estate:
Commercial real estate	77,154		2,380		74,256		2,488		110,447		2,946
Construction	16,399		534		21,515		547		20,752		252
Total commercial real estate loans	93,553		2,914		95,771		3,035		131,199		3,198
Residential mortgage	24,435		728		26,863		812		29,059		996
Consumer loans:
Home equity	3,852		111		2,214		49		1,191		65
Total consumer loans	3,852		111		2,214		49		1,191		65
Total	$	150,291	$	4,646	$	155,333	$	5,010	$	217,263	$	5,945

Pre-Modification and Post-Modification Outstanding Recorded Investments

The following table presents non-PCI loans by loan class modified as TDRs during the years ended December 31, 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 December 31, 2015 and 2014, respectively.



Troubled Debt Restructurings	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
		($ in thousands)
December 31, 2015
Commercial and industrial	17	$	8,409	$	6,793
Commercial real estate:
Commercial real estate	5	6,768		6,709
Construction	2	646		1,391
Total commercial real estate	7	7,414		8,100
Residential mortgage	7	2,659		2,603
Consumer	2	1,111		1,095
Total	33	$	19,593	$	18,591
December 31, 2014
Commercial and industrial	12	$	12,057	$	10,793
Commercial real estate:
Commercial real estate	12	17,817		13,967
Construction	4	6,339		4,731
Total commercial real estate	16	24,156		18,698
Residential mortgage	9	5,662		5,348
Consumer	5	2,051		2,234
Total	42	$	43,926	$	37,073

Risk Category of Loans

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



Credit exposure— by internally assigned risk rating			Special						Total Non-PCI
Credit exposure— by internally assigned risk rating	Pass		Mention		Substandard		Doubtful		Loans
	(in thousands)
December 31, 2015
Commercial and industrial	$	2,049,752	$	68,243	$	36,254	$	2,300	$	2,156,549
Commercial real estate	5,893,354		79,279		96,899		—		6,069,532
Construction	596,530		1,102		10,062		—		607,694
Total	$	8,539,636	$	148,624	$	143,215	$	2,300	$	8,833,775
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 December 31, 2015 and 2014:



Credit exposure— by payment activity	Performing Loans		Non-Performing Loans		Total Non-PCI Loans
	(in thousands)
December 31, 2015
Residential mortgage	$	2,894,149	$	17,930	$	2,912,079
Home equity	389,721		2,088		391,809
Automobile	1,238,708		118		1,238,826
Other consumer	426,147		—		426,147
Total	$	4,948,725	$	20,136	$	4,968,861
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 December 31, 2015 and 2014:



Credit exposure—	Performing		Non-Performing		Total
by payment activity	Loans		Loans		PCI Loans
	(in thousands)
December 31, 2015
Commercial and industrial	$	373,665	$	10,277	$	383,942
Commercial real estate	1,342,030		13,074		1,355,104
Construction	141,547		5,706		147,253
Residential mortgage	214,713		3,749		218,462
Consumer	129,891		5,819		135,710
Total	$	2,201,846	$	38,625	$	2,240,471
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