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Loans and Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2013
Loans and Allowance for Loan Losses  
Schedule of changes in allowance for loan losses

 

 

(Dollars in thousands)
  Non-acquired
Loans
  Acquired Credit
Impaired Loans
  Total  

Year ended December 31, 2013:

                   

Balance at beginning of period

  $ 44,378   $ 17,218   $ 61,596  

Loans charged-off

    (15,289 )       (15,289 )

Recoveries of loans previously charged off

    4,224         4,224  
               

Net charge-offs

    (11,065 )       (11,065 )

Provision for loan losses

    1,018     (918 )   100  

Benefit attributable to FDIC loss share agreements

        1,786     1,786  
               

Total provision for loan losses charged to operations

    1,018     868     1,886  

Provision for loan losses recorded through the FDIC loss share receivable

        (1,786 )   (1,786 )

Reduction due to loan removals

        (4,682 )   (4,682 )
               

Balance at end of period

  $ 34,331   $ 11,618   $ 45,949  
               
               

Year ended December 31, 2012:

                   

Balance at beginning of period

  $ 49,367   $ 23,607   $ 72,974  

Loans charged-off

    (21,930 )       (21,930 )

Recoveries of loans previously charged off

    3,756         3,756  
               

Net charge-offs

    (18,174 )       (18,174 )

Provision for loan losses

    13,185     512     13,697  

Benefit attributable to FDIC loss share agreements

        (78 )   (78 )
               

Total provision for loan losses charged to operations

    13,185     434     13,619  

Provision for loan losses recorded through the FDIC loss share receivable

        78     78  

Reduction due to loan removals

        (6,901 )   (6,901 )
               

Balance at end of period

  $ 44,378   $ 17,218   $ 61,596  
               
               
Non-acquired loans
 
Loans and Allowance for Loan Losses  
Schedule of changes in allowance for loan losses

 

 

(Dollars in thousands)
  Construction
& Land
Development
  Commercial
Non-owner
Occupied
  Commercial
Owner
Occupied
  Consumer
Owner
Occupied
  Home
Equity
  Commercial
& Industrial
  Other Income
Producing
Property
  Consumer   Other
Loans
  Total  

Year ended December 31, 2013:

                                                             

Allowance for loan losses:

                                                             

Balance, December 31, 2012

  $ 10,836   $ 4,921   $ 8,743   $ 6,568   $ 3,626   $ 4,939   $ 3,747   $ 781   $ 217   $ 44,378  

Charge-offs

    (4,656 )   (660 )   (2,695 )   (1,462 )   (1,219 )   (1,329 )   (816 )   (2,452 )       (15,289 )

Recoveries

    1,395     353     41     633     228     514     224     836         4,224  

Provision

    (786 )   (937 )   1,678     330     147     (532 )   (646 )   1,772     (8 )   1,018  
                                           

Balance, December 31, 2013

  $ 6,789   $ 3,677   $ 7,767   $ 6,069   $ 2,782   $ 3,592   $ 2,509   $ 937   $ 209   $ 34,331  
                                           
                                           

Loans individually evaluated for impairment

  $ 704   $   $ 10   $ 271   $   $   $ 646   $   $   $ 1,631  
                                           
                                           

Loans collectively evaluated for impairment

  $ 6,085   $ 3,677   $ 7,757   $ 5,798   $ 2,782   $ 3,592   $ 1,863   $ 937   $ 209   $ 32,700  
                                           
                                           

Loans:

                                                             

Loans individually evaluated for impairment

  $ 5,739   $ 2,681   $ 11,560   $ 3,013   $   $ 405   $ 2,649   $   $   $ 26,047  

Loans collectively evaluated for impairment

    294,212     288,490     821,953     545,157     257,139     321,419     140,555     136,410     33,834     2,839,169  
                                           

Total non-acquired loans

  $ 299,951   $ 291,171   $ 833,513   $ 548,170   $ 257,139   $ 321,824   $ 143,204   $ 136,410   $ 33,834   $ 2,865,216  
                                           
                                           

Year ended December 31, 2012:

                                                             

Allowance for loan losses:

                                                             

Balance, December 31, 2011

  $ 12,373   $ 6,109   $ 10,356   $ 7,453   $ 4,269   $ 3,901   $ 3,636   $ 1,145   $ 125   $ 49,367  

Charge-offs

    (8,454 )   (2,348 )   (2,781 )   (1,850 )   (1,394 )   (2,033 )   (924 )   (2,146 )       (21,930 )

Recoveries

    1,428     282     5     124     600     228     361     728         3,756  

Provision

    5,489     878     1,163     841     151     2,843     674     1,054     92     13,185  
                                           

Balance, December 31, 2012

  $ 10,836   $ 4,921   $ 8,743   $ 6,568   $ 3,626   $ 4,939   $ 3,747   $ 781   $ 217   $ 44,378  
                                           
                                           

Loans individually evaluated for impairment

  $ 1,573   $ 411   $ 648   $ 213   $   $ 1,030   $ 1,004   $   $   $ 4,879  
                                           
                                           

Loans collectively evaluated for impairment

  $ 9,263   $ 4,510   $ 8,095   $ 6,355   $ 3,626   $ 3,909   $ 2,743   $ 781   $ 217   $ 39,499  
                                           
                                           

Loans:

                                                             

Loans individually evaluated for impairment

  $ 13,549   $ 5,344   $ 20,212   $ 1,954   $   $ 1,783   $ 4,393   $   $   $ 47,235  

Loans collectively evaluated for impairment

    259,871     284,727     763,940     432,549     255,284     277,980     129,320     86,934     33,163     2,523,768  
                                           

Total non-acquired loans

  $ 273,420   $ 290,071   $ 784,152   $ 434,503   $ 255,284   $ 279,763   $ 133,713   $ 86,934   $ 33,163   $ 2,571,003  
                                           
                                           
Schedule of credit risk profile by risk grade of loans

 

 

 
  Total Non-acquired Loans    
   
   
   
 
(Dollars in thousands)
  December 31,
2013
  December 31,
2012
   
   
   
   
 

Pass

  $ 2,656,027   $ 2,293,728                          

Special mention

    126,420     153,142                          

Substandard

    82,717     124,108                          

Doubtful

    52     25                          
                                   

 

  $ 2,865,216   $ 2,571,003                          
                                   
                                   
Aging analysis of past due loans, segregated by class of loans

 

 

(Dollars in thousands)
  30 - 59 Days
Past Due
  60 - 89 Days
Past Due
  90+ Days
Past Due
  Total
Past Due
  Current   Total
Loans
 

December 31, 2013

                                     

Commercial real estate:

                                     

Construction and land development

  $ 557   $ 476   $ 2,707   $ 3,740   $ 296,211   $ 299,951  

Commercial non-owner occupied

    1,780     1     2,684     4,465     286,706     291,171  

Commercial owner occupied

    457     650     3,601     4,708     828,805     833,513  

Consumer real estate:

                                     

Consumer owner occupied

    1,526     1,107     2,621     5,254     542,916     548,170  

Home equity loans

    780     214     422     1,416     255,723     257,139  

Commercial and industrial

    390     105     370     865     320,959     321,824  

Other income producing property

    950     19     2,634     3,603     139,601     143,204  

Consumer

    337     142     28     507     135,903     136,410  

Other loans

    33     36     30     99     33,735     33,834  
                           

 

  $ 6,810   $ 2,750   $ 15,097   $ 24,657   $ 2,840,559   $ 2,865,216  
                           
                           

December 31, 2012

                                     

Commercial real estate:

                                     

Construction and land development

  $ 812   $ 701   $ 10,435   $ 11,948   $ 261,472   $ 273,420  

Commercial non-owner occupied

    1,013     572     3,605     5,190     284,881     290,071  

Commercial owner occupied

    1,141     40     9,827     11,008     773,144     784,152  

Consumer real estate:

                                     

Consumer owner occupied

    1,433     241     4,045     5,719     428,784     434,503  

Home equity loans

    735     170     395     1,300     253,984     255,284  

Commercial and industrial

    1,187     513     549     2,249     277,514     279,763  

Other income producing property

    322     278     3,253     3,853     129,860     133,713  

Consumer

    364     151     112     627     86,307     86,934  

Other loans

    49     41     36     126     33,037     33,163  
                           

 

  $ 7,056   $ 2,707   $ 32,257   $ 42,020   $ 2,528,983   $ 2,571,003  
                           
                           
Summary of information pertaining to impaired loans

 

 

(Dollars in thousands)
  Unpaid
Contractual
Principal
Balance
  Recorded
Investment
With No
Allowance
  Gross
Recorded
Investment
With Allowance
  Total
Recorded
Investment
  Related
Allowance
 

December 31, 2013

                               

Commercial real estate:

                               

Construction and land development

  $ 7,341   $ 3,555   $ 2,184   $ 5,739   $ 704  

Commercial non-owner occupied

    3,592     2,681         2,681      

Commercial owner occupied

    14,017     10,441     1,119     11,560     10  

Consumer real estate:

   
 
   
 
   
 
   
 
   
 
 

Consumer owner occupied

    3,063         3,013     3,013     271  

Home equity loans

                     

Commercial and industrial

   
477
   
405
   
   
405
   
 

Other income producing property

    2,794     554     2,095     2,649     646  

Consumer

                     

Other loans

                     
                       

Total impaired loans

  $ 31,284   $ 17,636   $ 8,411   $ 26,047   $ 1,631  
                       
                       

December 31, 2012

                               

Commercial real estate:

                               

Construction and land development

  $ 21,350   $ 8,659   $ 4,890   $ 13,549   $ 1,573  

Commercial non-owner occupied

    7,564     3,148     2,196     5,344     411  

Commercial owner occupied

    23,566     15,698     4,514     20,212     648  

Consumer real estate:

   
 
   
 
   
 
   
 
   
 
 

Consumer owner occupied

    2,040         1,954     1,954     213  

Home equity loans

                     

Commercial and industrial

   
2,595
   
464
   
1,319
   
1,783
   
1,030
 

Other income producing property

    4,656     1,382     3,011     4,393     1,004  

Consumer

                     

Other loans

                     
                       

Total impaired loans

  $ 61,771   $ 29,351   $ 17,884   $ 47,235   $ 4,879  
                       
                       
Summary of average investment in impaired loans and interest income recognized on impaired loans

 

 

 
  Years Ended December 31,  
 
  2013   2012  
(Dollars in thousands)
  Average
Investment in
Impaired Loans
  Interest Income
Recognized
  Average
Investment in
Impaired Loans
  Interest Income
Recognized
 

Commercial real estate:

                         

Construction and land development

  $ 10,589   $ 98   $ 18,048   $ 114  

Commercial non-owner occupied

    4,030         7,503     85  

Commercial owner occupied

    15,170     106     17,460     347  

Consumer real estate:

   
 
   
 
   
 
   
 
 

Consumer owner occupied

    845     154     2,223     65  

Home equity loans

                 

Commercial and industrial

   
1,234
   
   
921
   
23
 

Other income producing property

    3,463     35     3,171     117  

Consumer

                 

Other loans

                 
                   

Total Impaired Loans

  $ 35,331   $ 393   $ 49,326   $ 751  
                   
                   
Summary of information pertaining to non-acquired nonaccrual loans by class

 

 
  December 31,  
(Dollars in thousands)
  2013   2012  

Commercial non-owner occupied real estate:

             

Construction and land development

  $ 5,819   $ 11,961  

Commercial non-owner occupied

    2,912     4,780  
           

Total commercial non-owner occupied real estate

    8,731     16,741  

Consumer real estate:

             

Consumer owner occupied

    8,382     8,025  

Home equity loans

    1,128     1,835  
           

Total consumer real estate

    9,510     9,860  

Commercial owner occupied real estate

    7,753     14,146  

Commercial and industrial

    586     2,152  

Other income producing property

    4,704     5,405  

Consumer

    49     83  

Other loans

         

Restructured loans

    10,690     13,151  
           

Total loans on nonaccrual status

  $ 42,023   $ 61,538  
           
           
Schedule of restructured loans segregated by class and type of concession

 

 
  Years Ended December 31,  
 
  2013   2012   2011  
(Dollars in thousands)
  Number
of
loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
  Number
of
loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
  Number
of
loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
 

Interest rate modification

                                                       

Construction and land development

    1   $ 120   $ 120     1   $ 165   $ 156     15   $ 3,595   $ 3,194  

Commercial non-owner occupied

    1     246     233                          

Commercial owner occupied

    1     750     747     4     5,355     5,215     2     1,334     1,286  

Consumer owner occupied

    1     124     116                 2     759     737  

Commercial and industrial

                1     474     464              

Other income producting property

                            2     409     404  
                                       

Total interest rate modifications

    4   $ 1,240   $ 1,216     6   $ 5,994   $ 5,835     21   $ 6,097   $ 5,621  
                                       

Term modification

                                                       

Construction and land development

                2     835     824     2     2,938     2,929  

Commercial non-owner occupied

                1     700     700              

Commercial owner occupied

                            2     928     864  

Consumer owner occupied

    1     2,442     2,442                 1     605     591  
                                       

Total term modifications

    1   $ 2,442   $ 2,442     3   $ 1,535   $ 1,524     5   $ 4,471   $ 4,384  
                                       

 

    5   $ 3,682   $ 3,658     9   $ 7,529   $ 7,359     26   $ 10,568   $ 10,005  
                                       
                                       
Schedule of changes in status of loans restructured within the previous 12 months
 
  Paying Under
Restructured Terms
  Converted to
Nonaccrual
  Foreclosures and
Defaults
 
(Dollars in thousands)
  Number
of Loans
  Recorded
Investment
  Number
of Loans
  Recorded
Investment
  Number
of Loans
  Recorded
Investment
 

Interest rate modification

    4   $ 1,216       $       $  

Term modification

    1     2,442                  
                           

 

    5   $ 3,658       $       $  
                           
                           
Summary of loans
 
  December 31,  
(Dollars in thousands)
  2013   2012  

Non-acquired loans:

             

Commercial non-owner occupied real estate:

             

Construction and land development

  $ 299,951   $ 273,420  

Commercial non-owner occupied

    291,171     290,071  
           

Total commercial non-owner occupied real estate

    591,122     563,491  

Consumer real estate:

             

Consumer owner occupied

    548,170     434,503  

Home equity loans

    257,139     255,284  
           

Total consumer real estate

    805,309     689,787  

Commercial owner occupied real estate

    833,513     784,152  

Commercial and industrial

    321,824     279,763  

Other income producing property

    143,204     133,713  

Consumer

    136,410     86,934  

Other loans

    33,834     33,163  
           

Total non-acquired loans

    2,865,216     2,571,003  

Less allowance for loan losses

    (34,331 )   (44,378 )
           

Non-acquired loans, net

  $ 2,830,885   $ 2,526,625  
           
           
Non-acquired loans | Commercial loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 
  Construction & Development   Commercial Non-owner
Occupied
  Commercial Owner Occupied  
(Dollars in thousands)
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 263,698   $ 215,793   $ 259,120   $ 232,714   $ 785,406   $ 716,578  

Special mention

    20,814     31,670     24,779     38,473     26,148     31,800  

Substandard

    15,439     25,957     7,272     18,884     21,959     35,774  

Doubtful

                         
                           

 

  $ 299,951   $ 273,420   $ 291,171   $ 290,071   $ 833,513   $ 784,152  
                           
                           

 

 
  Commercial & Industrial   Other Income Producing
Property
  Commercial Total  
 
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 309,360   $ 265,148   $ 124,519   $ 114,809   $ 1,742,103   $ 1,545,042  

Special mention

    10,376     8,626     9,903     9,324     92,020     119,893  

Substandard

    2,088     5,989     8,753     9,580     55,511     96,184  

Doubtful

            29         29      
                           

 

  $ 321,824   $ 279,763   $ 143,204   $ 133,713   $ 1,889,663   $ 1,761,119  
                           
                           
Non-acquired loans | Consumer loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 
  Consumer Owner Occupied   Home Equity   Consumer  
(Dollars in thousands)
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 500,999   $ 388,822   $ 243,615   $ 241,184   $ 135,476   $ 85,517  

Special mention

    25,317     24,515     8,437     7,837     646     897  

Substandard

    21,854     21,166     5,064     6,239     288     519  

Doubtful

            23     24         1  
                           

 

  $ 548,170   $ 434,503   $ 257,139   $ 255,284   $ 136,410   $ 86,934  
                           
                           


 

 
  Other   Consumer Total    
   
 
 
  December 31, 2013   December 31, 2012   December 31, 2013   December 31, 2012    
   
 

Pass

  $ 33,834   $ 33,163   $ 913,924   $ 748,686              

Special mention

            34,400     33,249              

Substandard

            27,206     27,924              

Doubtful

            23     25              
                               

 

  $ 33,834   $ 33,163   $ 975,553   $ 809,884              
                               
                               
Acquired loans
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date
 
  December 31,  
(Dollars in thousands)
  2013   2012  

Contractual principal and interest

  $ 1,700,129   $ 1,288,133  

Non-accretable difference

    (222,091 )   (140,671 )
           

Cash flows expected to be collected

    1,478,038     1,147,462  

Accretable difference

    (250,340 )   (160,849 )
           

Carrying value

  $ 1,227,698   $ 986,613  
           
           

Allowance for acquired loan losses

  $ (11,618 ) $ (17,218 )
           
           
Schedule of changes in the carrying value of FASB ASC Topic 310-30
 
  Years Ended December 31,  
(Dollars in thousands)
  2013   2012  

Balance at beginning of period

  $ 969,395   $ 370,581  

Fair value of acquired loans

    591,951     766,087  

Net reductions for payments, foreclosures, and accretion

    (344,348 )   (166,761 )

Change in the allowance for loan losses on acquired loans

    (918 )   (512 )
           

Balance at end of period, net of allowance for loan losses on acquired loans

  $ 1,216,080   $ 969,395  
           
           
Schedule of changes in the carrying amount of accretable yield for purchased impaired and non-impaired loans
 
  Years Ended
December 31,
 
(Dollars in thousands)
  2013   2012  

Balance at beginning of period

  $ 160,849   $ 94,600  

Addition from the First Financial acquisition

    130,780      

Addition from the Peoples acquisition

        34,921  

Addition from the Savannah acquisition

        60,081  

Interest income

    (104,705 )   (52,628 )

Reclass of nonaccretable difference due to improvement in expected cash flows

    71,136     35,739  

Other changes, net

    (7,720 )   (11,864 )
           

Balance at end of period

  $ 250,340   $ 160,849  
           
           
Schedule of changes in allowance for loan losses

 

(Dollars in thousands)
  Commercial
Loans Greater
Than or Equal
to $1 Million-CBT
  Commercial
Real Estate
  Commercial
Real Estate-
Construction and
Development
  Residential
Real Estate
  Consumer   Commercial
and Industrial
  Single Pay   Total  

Year ended December 31, 2013:

                                                 

Allowance for loan losses:

                                                 

Balance, December 31, 2012

  $ 5,337   $ 1,517   $ 1,628   $ 4,207   $ 96   $ 4,139   $ 294   $ 17,218  

Provision for loan losses before benefit attributable to FDIC loss share agreements

    (3,109 )   299     2,347     1,057     442     (1,786 )   (168 )   (918 )

Benefit attributable to FDIC loss share agreements

    2,934     (456 )   (1,645 )   (520 )   (412 )   1,719     166     1,786  
                                   

Total provision for loan losses charged to operations

    (175 )   (157 )   702     537     30     (67 )   (2 )   868  

Provision for loan losses recorded through the FDIC loss share receivable

    (2,934 )   456     1,645     520     412     (1,719 )   (166 )   (1,786 )

Reduction due to loan removals

    (1,925 )       (1,731 )   (132 )       (872 )   (22 )   (4,682 )
                                   

Balance, December 31, 2013

  $ 303   $ 1,816   $ 2,244   $ 5,132   $ 538   $ 1,481   $ 104   $ 11,618  
                                   
                                   

Loans individually evaluated for impairment

  $   $   $   $   $   $   $   $  
                                   
                                   

Loans collectively evaluated for impairment

  $ 303   $ 1,816   $ 2,244   $ 5,132   $ 538   $ 1,481   $ 104   $ 11,618  
                                   
                                   

Loans:*

                                                 

Loans individually evaluated for impairment

  $   $   $   $   $   $   $   $  

Loans collectively evaluated for impairment

    24,109     439,785     114,126     476,689     103,998     68,862     129     1,227,698  
                                   

Total acquired credit impaired loans

  $ 24,109   $ 439,785   $ 114,126   $ 476,689   $ 103,998   $ 68,862   $ 129   $ 1,227,698  
                                   
                                   

Year ended December 31, 2012:

                                                 

Allowance for loan losses:

                                                 

Balance, December 31, 2011

  $ 12,417   $ 1,318   $   $ 5,332   $   $ 4,564   $ (24 ) $ 23,607  

Provision for loan losses before benefit attributable to FDIC loss share agreements

    (1,298 )   199     1,628     (855 )   96     (259 )   1,001     512  

Benefit attributable to FDIC loss share agreements

    1,233     (30 )   (1,319 )   813     (88 )   264     (951 )   (78 )
                                   

Total provision for loan losses charged to operations

    (65 )   169     309     (42 )   8     5     50     434  

Provision for loan losses recorded through the FDIC loss share receivable

    (1,233 )   30     1,319     (813 )   88     (264 )   951     78  

Reduction due to loan removals

    (5,782 )           (270 )       (166 )   (683 )   (6,901 )
                                   

Balance, December 31, 2012

  $ 5,337   $ 1,517   $ 1,628   $ 4,207   $ 96   $ 4,139   $ 294   $ 17,218  
                                   
                                   

Loans individually evaluated for impairment

  $   $   $   $   $   $   $   $  
                                   
                                   

Loans collectively evaluated for impairment

  $ 5,337   $ 1,517   $ 1,628   $ 4,207   $ 96   $ 4,139   $ 294   $ 17,218  
                                   
                                   

Loans:*

                                                 

Loans individually evaluated for impairment

  $   $   $   $   $   $   $   $  

Loans collectively evaluated for impairment

    39,661     372,924     130,451     354,718     15,685     72,718     456     986,613  
                                   

Total acquired credit impaired loans

  $ 39,661   $ 372,924   $ 130,451   $ 354,718   $ 15,685   $ 72,718   $ 456   $ 986,613  
                                   
                                   

*—The carrying value of acquired credit impaired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans.

Acquired loans | FFCH
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date
 
  July 26, 2013  
(Dollars in thousands)
  Loans Impaired
at Acquisition
  Loans
Not Impaired
at Acquisition
  Total  

Contractual principal and interest

  $ 650,331   $ 222,820   $ 873,151  

Non-accretable difference

    (125,701 )   (24,719 )   (150,420 )
               

Cash flows expected to be collected

    524,630     198,101     722,731  

Accretable difference

    (102,260 )   (28,520 )   (130,780 )
               

Carrying value

  $ 422,370   $ 169,581   $ 591,951  
               
               
Acquired loans | Savannah Bancorp ("SAVB")
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date

 

 

 
  December 13, 2012  
(Dollars in thousands)
  Loans Impaired
at Acquisition
  Loans
Not Impaired
at Acquisition
  Total  

Contractual principal and interest

  $ 155,582   $ 483,293   $ 638,875  

Non-accretable difference

    (37,492 )   (9,460 )   (46,952 )
               

Cash flows expected to be collected

    118,090     473,833     591,923  

Accretable difference

    (8,615 )   (51,466 )   (60,081 )
               

Carrying value

  $ 109,475   $ 422,367   $ 531,842  
               
               
Acquired loans | Peoples
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date
 
  April 24, 2012  
(Dollars in thousands)
  Loans Impaired
at Acquisition
  Loans
Not Impaired
at Acquisition
  Total  

Contractual principal and interest

  $ 56,940   $ 250,023   $ 306,963  

Non-accretable difference

    (21,237 )   (16,560 )   (37,797 )
               

Cash flows expected to be collected

    35,703     233,463     269,166  

Accretable difference

    (4,968 )   (29,953 )   (34,921 )
               

Carrying value

  $ 30,735   $ 203,510   $ 234,245  
               
               
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered)
 
Loans and Allowance for Loan Losses  
Aging analysis of past due loans, segregated by class of loans

 

 

(Dollars in thousands)
  30 - 59 Days
Past Due
  60 - 89 Days
Past Due
  90+ Days
Past Due
  Total
Past Due
  Current   Total
Loans
 

December 31, 2013

                                     

Commercial real estate:

                                     

Construction and land development

  $ 371   $   $ 464   $ 835   $ 57,561   $ 58,396  

Commercial non-owner occupied

    105         17     122     58,476     58,598  

Commercial owner occupied

        71     272     343     73,371     73,714  

Consumer real estate:

                                     

Consumer owner occupied

    3,368     393     1,196     4,957     737,640     742,597  

Home equity loans

    857     67     625     1,549     262,601     264,150  

Commercial and industrial

    827     894     282     2,003     56,770     58,773  

Other income producing property

    431             431     74,135     74,566  

Consumer

    291     213     154     658     266,599     267,257  
                           

 

  $ 6,250   $ 1,638   $ 3,010   $ 10,898   $ 1,587,153   $ 1,598,051  
                           
                           

December 31, 2012

                                     

Commercial real estate:

                                     

Construction and land development

  $   $   $ 43   $ 43   $ 796   $ 839  

Commercial non-owner occupied

                    2,877     2,877  

Commercial owner occupied

                    12,141     12,141  

Consumer real estate:

                                     

Consumer owner occupied

                         

Home equity loans

    242     111     105     458     35,681     36,139  

Commercial and industrial

    11             11     17,520     17,531  

Other income producing property

    135             135     3,553     3,688  

Consumer

                         

Other loans

                         
                           

 

  $ 388   $ 111   $ 148   $ 647   $ 72,568   $ 73,215  
                           
                           
Summary of loans
 
  December 31,  
(Dollars in thousands)
  2013   2012  

Acquired non-credit impaired loans:

             

Commercial non-owner occupied real estate:

             

Construction and land development

  $ 58,396   $ 839  

Commercial non-owner occupied

    58,598     2,877  
           

Total commercial non-owner occupied real estate

    116,994     3,716  

Consumer real estate:

             

Consumer owner occupied

    742,597      

Home equity loans

    264,150     36,139  
           

Total consumer real estate

    1,006,747     36,139  

Commercial owner occupied real estate

    73,714     12,141  

Commercial and industrial

    58,773     17,531  

Other income producing property

    74,566     3,688  

Consumer

    267,257      
           

Total acquired non-credit impaired loans

  $ 1,598,051   $ 73,215  
           
           
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Commercial loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 
  Construction & Development   Commercial Non-owner
Occupied
  Commercial Owner Occupied  
(Dollars in thousands)
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 57,389   $ 796   $ 56,539   $ 2,877   $ 71,984   $ 11,977  

Special mention

    109         1,565         318     164  

Substandard

    898     43     494         1,412      

Doubtful

                         
                           

 

  $ 58,396   $ 839   $ 58,598   $ 2,877   $ 73,714   $ 12,141  
                           
                           

 

 
  Commercial & Industrial   Other Income Producing
Property
   
   
 
 
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
   
   
 

Pass

  $ 56,777   $ 17,515   $ 70,812   $ 3,352              

Special mention

    924         2,177     244              

Substandard

    1,072     16     1,577     92              

Doubtful

                             
                               

 

  $ 58,773   $ 17,531   $ 74,566   $ 3,688              
                               
                               
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Consumer loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 
  Consumer Owner Occupied   Home Equity   Consumer  
(Dollars in thousands)
  December 31, 2013   December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 739,894   $   $ 246,274   $ 34,656   $ 266,645   $  

Special mention

    417         6,733     167     127      

Substandard

    2,286         11,143     1,316     485      

Doubtful

                         
                           

 

  $ 742,597   $   $ 264,150   $ 36,139   $ 267,257   $  
                           
                           
Acquired loans | Total FASB ASC Topic 310-30 acquired loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 
  Commercial Loans Greater
Than or Equal to
$1 million-CBT
  Commercial Real Estate   Commercial Real Estate—
Construction and
Development
 
(Dollars in thousands)
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 12,047   $ 13,384   $ 244,293   $ 297,408   $ 38,748   $ 87,142  

Special mention

    2,513     3,098     46,159     22,279     13,762     7,742  

Substandard

    9,549     23,179     149,333     53,072     61,616     34,754  

Doubtful

                165         813  
                           

 

  $ 24,109   $ 39,661   $ 439,785   $ 372,924   $ 114,126   $ 130,451  
                           
                           

 

 
  Residential Real Estate   Consumer   Commercial & Industrial  
 
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
  December 31,
2013
  December 31,
2012
 

Pass

  $ 198,738   $ 254,837   $ 8,804   $ 12,927   $ 38,450   $ 54,013  

Special mention

    91,468     38,211     38,322     783     3,968     5,282  

Substandard

    186,405     61,644     56,872     1,974     26,444     13,393  

Doubtful

    78     26         1         30  
                           

 

  $ 476,689   $ 354,718   $ 103,998   $ 15,685   $ 68,862   $ 72,718  
                           
                           

 

 
  Single Pay    
   
   
   
 
 
  December 31,
2013
  December 31,
2012
   
   
   
   
 

Pass

  $ 52   $ 58                          

Special mention

        52                          

Substandard

    77     346                          

Doubtful

                                 
                                   

 

  $ 129   $ 456                          
                                   
                                   
Aging analysis of past due loans, segregated by class of loans

 

 

(Dollars in thousands)
  30 - 59 Days
Past Due
  60 - 89 Days
Past Due
  90+ Days
Past Due
  Total
Past Due
  Current   Total
Loans
 

December 31, 2013

                                     

Commercial loans greater than or equal to $1 million-CBT

  $   $   $ 7,217   $ 7,217   $ 16,892   $ 24,109  

Commercial real estate

    4,493     3,728     24,362     32,583     407,202     439,785  

Commercial real estate—construction and development

    4,847     9,166     17,567     31,580     82,546     114,126  

Residential real estate

    13,794     3,792     27,061     44,647     432,042     476,689  

Consumer

    2,390     552     2,050     4,992     99,006     103,998  

Commercial and industrial

    3,875     634     3,829     8,338     60,524     68,862  

Single pay

            46     46     83     129  
                           

 

  $ 29,399   $ 17,872   $ 82,132   $ 129,403   $ 1,098,295   $ 1,227,698  
                           
                           

December 31, 2012

                                     

Commercial loans greater than or equal to $1 million-CBT

  $ 923   $ 993   $ 15,810   $ 17,726   $ 21,935   $ 39,661  

Commercial real estate

    5,866     2,306     17,488     25,660     347,264     372,924  

Commercial real estate—construction and development

    2,976     1,573     18,718     23,267     107,184     130,451  

Residential real estate

    7,610     4,828     18,151     30,589     324,129     354,718  

Consumer

    181     76     736     993     14,692     15,685  

Commercial and industrial

    1,255     285     5,069     6,609     66,109     72,718  

Single pay

    1     201     62     264     192     456  
                           

 

  $ 18,812   $ 10,262   $ 76,034   $ 105,108   $ 881,505   $ 986,613  
                           
                           
Summary of loans

 

 

 
  December 31,  
(Dollars in thousands)
  2013   2012  

Acquired credit impaired loans:

             

Commercial loans greater than or equal to $1 million-CBT

  $ 24,109   $ 39,661  

Commercial real estate

    439,785     372,924  

Commercial real estate—construction and development

    114,126     130,451  

Residential real estate

    476,689     354,718  

Consumer

    103,998     15,685  

Commercial and industrial

    68,862     72,718  

Single pay

    129     456  
           

Total acquired credit impaired loans

    1,227,698     986,613  

Less allowance for loan losses

    (11,618 )   (17,218 )
           

Acquired credit impaired loans, net

  $ 1,216,080   $ 969,395