Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2013

Loans and Leases Receivable Disclosure [Abstract]

Loans and leases outstanding include the following as of the dates indicated:



	December 31, 2013		December 31, 2012
	(dollars in thousands)
Acquired loans
Commercial:
Construction and land development	$	78,915	$	237,906
Commercial mortgage	642,891		1,054,473
Other commercial real estate	41,381		107,119
Commercial and industrial	17,254		49,463
Other	866		1,074
Total commercial loans	781,307		1,450,035
Noncommercial:
Residential mortgage	213,851		297,926
Revolving mortgage	30,834		38,710
Construction and land development	2,583		20,793
Consumer	851		1,771
Total noncommercial loans	248,119		359,200
Total acquired loans	1,029,426		1,809,235

Originated loans and leases:
Commercial:
Construction and land development	319,847		309,190
Commercial mortgage	6,362,490		6,029,435
Other commercial real estate	178,754		160,980
Commercial and industrial	1,081,158		1,038,530
Lease financing	381,763		330,679
Other	175,336		125,681
Total commercial loans	8,499,348		7,994,495
Noncommercial:
Residential mortgage	982,421		822,889
Revolving mortgage	2,113,285		2,210,133
Construction and land development	122,792		131,992
Consumer	386,452		416,606
Total noncommercial loans	3,604,950		3,581,620
Total originated loans and leases	12,104,298		11,576,115
Total loans and leases	$	13,133,724	$	13,385,350

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator

The composition of the loans and leases outstanding at December 31, 2013, and December 31, 2012, by credit quality indicator is provided below:



	Originated commercial loans and leases
Grade:	Construction and land development		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Total originated commercial loans and leases
	(dollars in thousands)
December 31, 2013
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348
December 31, 2012
Pass	$	274,480	$	5,688,541	$	151,549	$	894,998	$	325,626	$	124,083	$	7,459,277
Special mention	14,666		166,882		2,812		13,275		1,601		837		200,073
Substandard	18,761		157,966		5,038		12,073		1,663		756		196,257
Doubtful	952		13,475		98		1,040		771		—		16,336
Ungraded	331		2,571		1,483		117,144		1,018		5		122,552
Total	$	309,190	$	6,029,435	$	160,980	$	1,038,530	$	330,679	$	125,681	$	7,994,495



	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
	(dollars in thousands)
December 31, 2013
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950
December 31, 2012
Current	$	786,626	$	2,190,186	$	128,764	409,218		$	3,514,794
30-59 days past due	15,711		12,868		1,941		4,405		34,925
60-89 days past due	7,559		3,200		490		1,705		12,954
90 days or greater past due	12,993		3,879		797		1,278		18,947
Total	$	822,889	$	2,210,133	$	131,992	$	416,606	$	3,581,620



	Acquired loans
Grade:	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
	(dollars in thousands)
December 31, 2013
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426
December 31, 2012
Pass	$	17,010	$	376,974	$	33,570	$	19,451	$	172,165	$	29,540	$	334	$	1,617	$	650,661
Special mention	25,734		259,264		17,518		12,465		14,863		1,736		—		34		331,614
Substandard	105,061		344,542		44,335		14,698		83,193		7,434		17,190		239		616,692
Doubtful	87,445		73,016		11,696		2,757		4,268		—		3,269		117		182,568
Ungraded	2,656		677		—		92		23,437		—		—		838		27,700
Total	$	237,906	$	1,054,473	$	107,119	$	49,463	$	297,926	$	38,710	$	20,793	$	2,845	$	1,809,235

Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date

The aging of the outstanding loans and leases, by class, at December 31, 2013, and December 31, 2012, (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below. The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current due to various grace periods that allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.



	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
	(dollars in thousands)
December 31, 2013
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298
December 31, 2012
Originated loans and leases:
Construction and land development - commercial	$	927	$	—	$	7,878	$	8,805	$	300,385	$	309,190
Commercial mortgage	24,447		4,179		21,327		49,953		5,979,482		6,029,435
Other commercial real estate	387		1,240		1,034		2,661		158,319		160,980
Commercial and industrial	2,833		1,096		605		4,534		1,033,996		1,038,530
Lease financing	991		138		621		1,750		328,929		330,679
Other	18		13		—		31		125,650		125,681
Residential mortgage	15,711		7,559		12,993		36,263		786,626		822,889
Revolving mortgage	12,868		3,200		3,879		19,947		2,190,186		2,210,133
Construction and land development - noncommercial	1,941		490		797		3,228		128,764		131,992
Consumer	4,405		1,705		1,278		7,388		409,218		416,606
Total originated loans and leases	$	64,528	$	19,620	$	50,412	$	134,560	$	11,441,555	$	11,576,115

Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at December 31, 2013, and December 31, 2012, (excluding loans and leases acquired with deteriorated credit quality) are as follows:



	December 31, 2013				December 31, 2012
	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
	(dollars in thousands)
Originated loans and leases:
Construction and land development - commercial	$	544	$	—	$	14,930	$	541
Commercial mortgage	33,529		1,113		50,532		1,671
Commercial and industrial	1,428		294		6,972		466
Lease financing	832		—		1,075		—
Other commercial real estate	1,610		—		2,319		—
Construction and land development - noncommercial	457		256		668		111
Residential mortgage	14,701		1,998		12,603		3,337
Revolving mortgage	—		4,450		—		3,877
Consumer	69		673		746		1,269
Total originated loans and leases	$	53,170	$	8,784	$	89,845	$	11,272

Changes In Carrying Value Of Acquired Impaired Loans

The following table provides changes in the carrying value of acquired loans during the years ended December 31, 2013, and December 31, 2012:



	2013			2012
	(dollars in thousands)
Balance at January 1	$	1,809,235		$	2,362,152
Reductions for repayments, foreclosures and decreases in fair value	(779,809		)	(552,917		)
Balance at December 31	$	1,029,426		$	1,809,235
Outstanding principal balance at December 31	$	1,833,955		$	3,281,958

Changes In The Amount Of Accretable Yield

The following table documents changes to the amount of accretable yield for 2013 and 2012. Removals represent a reduction to the accretable yield as a result of loans that were fully charged off or paid off during the period.



	2013			2012
	(dollars in thousands)
Balance at January 1	$	539,564		$	276,690
Accretion	(224,672		)	(304,023		)
Reclassifications from nonaccretable difference	92,349			353,708
Changes in expected cash flows that do not affect nonaccretable difference	32,749			213,189
Balance at December 31	$	439,990		$	539,564

For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the acquisition date were:



	January 1, 2014
	(dollars in thousands)
Contractually required payments	$	413,937
Cash flows expected to be collected	400,326
Fair value at acquisition date	316,327