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Loans and Leases (Tables)
12 Months Ended
Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]  
Loans And Leases Outstanding
Loans and leases outstanding include the following at December 31, 2016 and 2015:
(Dollars in thousands)
December 31, 2016
 
December 31, 2015
Non-PCI loans and leases:
 
 
 
Commercial:
 
 
 
Construction and land development
$
649,157

 
$
620,352

Commercial mortgage
9,026,220

 
8,274,548

Other commercial real estate
351,291

 
321,021

Commercial and industrial
2,567,501

 
2,368,958

Lease financing
826,270

 
730,778

Other
340,264

 
314,832

Total commercial loans
13,760,703

 
12,630,489

Noncommercial:
 
 
 
Residential mortgage
2,889,124

 
2,695,985

Revolving mortgage
2,601,344

 
2,523,106

Construction and land development
231,400

 
220,073

Consumer
1,446,138

 
1,219,821

Total noncommercial loans
7,168,006

 
6,658,985

Total non-PCI loans and leases
20,928,709

 
19,289,474

PCI loans:
 
 
 
Commercial:
 
 
 
Construction and land development
20,766

 
33,880

Commercial mortgage
453,013

 
525,468

Other commercial real estate
12,645

 
17,076

Commercial and industrial
11,844

 
15,182

Other
1,702

 
2,008

Total commercial loans
499,970

 
593,614

Noncommercial:
 
 
 
Residential mortgage
268,777

 
302,158

Revolving mortgage
38,650

 
52,471

Consumer
1,772

 
2,273

Total noncommercial loans
309,199

 
356,902

Total PCI loans
809,169

 
950,516

Total loans and leases
$
21,737,878

 
$
20,239,990

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator
The composition of the loans and leases outstanding at December 31, 2016, and December 31, 2015, by credit quality indicator is provided below:
 
December 31, 2016
(Dollars in thousands)
Non-PCI commercial loans and leases
Grade:
Construction and land
development
 
Commercial
mortgage
 
Other
commercial real estate
 
Commercial and
industrial
 
Lease financing
 
Other
 
Total non-PCI commercial loans and leases
Pass
$
645,232

 
$
8,821,439

 
$
347,509

 
$
2,402,659

 
$
818,008

 
$
335,831

 
$
13,370,678

Special mention
2,236

 
76,084

 
1,433

 
22,804

 
2,675

 
1,020

 
106,252

Substandard
1,683

 
126,863

 
2,349

 
17,870

 
5,415

 
3,413

 
157,593

Doubtful
6

 
334

 

 
8

 

 

 
348

Ungraded

 
1,500

 

 
124,160

 
172

 

 
125,832

Total
$
649,157

 
$
9,026,220

 
$
351,291

 
$
2,567,501

 
$
826,270

 
$
340,264

 
$
13,760,703

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
Non-PCI commercial loans and leases
 
Construction and land
development
 
Commercial
mortgage
 
Other
commercial real estate
 
Commercial and
industrial
 
Lease financing
 
Other
 
Total non-PCI commercial loans and leases
Pass
$
611,314

 
$
8,024,831

 
$
318,187

 
$
2,219,606

 
$
719,338

 
$
311,401

 
$
12,204,677

Special mention
5,191

 
100,220

 
475

 
19,361

 
4,869

 
1,905

 
132,021

Substandard
3,847

 
146,071

 
959

 
21,322

 
6,375

 
1,526

 
180,100

Doubtful

 
599

 

 
408

 
169

 

 
1,176

Ungraded

 
2,827

 
1,400

 
108,261

 
27

 

 
112,515

Total
$
620,352

 
$
8,274,548

 
$
321,021

 
$
2,368,958

 
$
730,778

 
$
314,832

 
$
12,630,489


 
December 31, 2016
 
Non-PCI noncommercial loans and leases
(Dollars in thousands)
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
 
Consumer
 
Total non-PCI noncommercial
loans and leases
Current
$
2,839,045

 
$
2,576,942

 
$
229,106

 
$
1,434,658

 
$
7,079,751

30-59 days past due
27,760

 
14,290

 
1,139

 
6,775

 
49,964

60-89 days past due
7,039

 
2,698

 
598

 
2,779

 
13,114

90 days or greater past due
15,280

 
7,414

 
557

 
1,926

 
25,177

Total
$
2,889,124

 
$
2,601,344

 
$
231,400

 
$
1,446,138

 
$
7,168,006

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
Non-PCI noncommercial loans and leases
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
 
Consumer
 
Total non-PCI noncommercial
loans and leases
Current
$
2,651,209

 
$
2,502,065

 
$
214,555

 
$
1,210,832

 
$
6,578,661

30-59 days past due
23,960

 
11,706

 
3,211

 
5,545

 
44,422

60-89 days past due
7,536

 
3,704

 
669

 
1,822

 
13,731

90 days or greater past due
13,280

 
5,631

 
1,638

 
1,622

 
22,171

Total
$
2,695,985

 
$
2,523,106

 
$
220,073

 
$
1,219,821

 
$
6,658,985

 
 
December 31, 2016
(Dollars in thousands)
PCI commercial loans
Grade:
Construction
and land
development
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Other
 
Total PCI commercial
loans
Pass
$
8,103

 
$
234,023

 
$
8,744

 
$
7,253

 
$
696

 
$
258,819

Special mention
950

 
67,848

 
102

 
620

 

 
69,520

Substandard
7,850

 
138,312

 
3,462

 
3,648

 
1,006

 
154,278

Doubtful
3,863

 
12,830

 
337

 
303

 

 
17,333

Ungraded

 

 

 
20

 

 
20

Total
$
20,766

 
$
453,013

 
$
12,645

 
$
11,844

 
$
1,702

 
$
499,970

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
PCI commercial loans
 
Construction
and land
development
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial
 
Other
 
Total PCI commercial
loans
Pass
$
14,710

 
$
262,579

 
$
7,366

 
$
9,302

 
$
706

 
$
294,663

Special mention
758

 
87,870

 
60

 
937

 

 
89,625

Substandard
14,131

 
163,801

 
9,229

 
4,588

 
1,302

 
193,051

Doubtful
4,281

 
10,875

 

 
282

 

 
15,438

Ungraded

 
343

 
421

 
73

 

 
837

Total
$
33,880

 
$
525,468

 
$
17,076

 
$
15,182

 
$
2,008

 
$
593,614



 
December 31, 2016
 
PCI noncommercial loans
(Dollars in thousands)
Residential
mortgage
 
Revolving
mortgage
 
Consumer
 
Total PCI noncommercial
loans
Current
$
230,065

 
$
33,827

 
$
1,637

 
$
265,529

30-59 days past due
9,595

 
618

 
68

 
10,281

60-89 days past due
6,528

 
268

 
4

 
6,800

90 days or greater past due
22,589

 
3,937

 
63

 
26,589

Total
$
268,777

 
$
38,650

 
$
1,772

 
$
309,199

 
 
 
 
 
 
 
 
 
December 31, 2015
 
PCI noncommercial loans
 
Residential
mortgage
 
Revolving
mortgage
 
Consumer
 
Total PCI noncommercial
loans
Current
$
257,207

 
$
47,901

 
$
1,981

 
$
307,089

30-59 days past due
12,318

 
1,127

 
86

 
13,531

60-89 days past due
4,441

 
501

 
132

 
5,074

90 days or greater past due
28,192

 
2,942

 
74

 
31,208

Total
$
302,158

 
$
52,471

 
$
2,273

 
$
356,902


Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date
The aging of the outstanding non-PCI loans and leases, by class, at December 31, 2016, and December 31, 2015 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 as 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.
 
December 31, 2016
(Dollars in thousands)
30-59 days
past due
 
60-89 days
past due
 
90 days or greater
 
Total past
due
 
Current
 
Total loans
and leases
Non-PCI loans and leases:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,845

 
$
39

 
$
286

 
$
2,170

 
$
646,987

 
$
649,157

Commercial mortgage
11,592

 
2,773

 
10,329

 
24,694

 
9,001,526

 
9,026,220

Other commercial real estate
310

 

 

 
310

 
350,981

 
351,291

Commercial and industrial
7,918

 
2,102

 
1,051

 
11,071

 
2,556,430

 
2,567,501

Lease financing
1,175

 
444

 
863

 
2,482

 
823,788

 
826,270

Residential mortgage
27,760

 
7,039

 
15,280

 
50,079

 
2,839,045

 
2,889,124

Revolving mortgage
14,290

 
2,698

 
7,414

 
24,402

 
2,576,942

 
2,601,344

Construction and land development - noncommercial
1,139

 
598

 
557

 
2,294

 
229,106

 
231,400

Consumer
6,775

 
2,779

 
1,926

 
11,480

 
1,434,658

 
1,446,138

Other
72

 

 
198

 
270

 
339,994

 
340,264

Total non-PCI loans and leases
$
72,876

 
$
18,472

 
$
37,904

 
$
129,252

 
$
20,799,457

 
$
20,928,709

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
30-59 days
past due
 
60-89 days
past due
 
90 days or greater
 
Total past
due
 
Current
 
Total loans
and leases
Non-PCI loans and leases:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
987

 
$
283

 
$
463

 
$
1,733

 
$
618,619

 
$
620,352

Commercial mortgage
13,023

 
3,446

 
14,495

 
30,964

 
8,243,584

 
8,274,548

Other commercial real estate
884

 

 
142

 
1,026

 
319,995

 
321,021

Commercial and industrial
2,133

 
1,079

 
1,780

 
4,992

 
2,363,966

 
2,368,958

Lease financing
2,070

 
2

 
164

 
2,236

 
728,542

 
730,778

Residential mortgage
23,960

 
7,536

 
13,280

 
44,776

 
2,651,209

 
2,695,985

Revolving mortgage
11,706

 
3,704

 
5,631

 
21,041

 
2,502,065

 
2,523,106

Construction and land development - noncommercial
3,211

 
669

 
1,638

 
5,518

 
214,555

 
220,073

Consumer
5,545

 
1,822

 
1,622

 
8,989

 
1,210,832

 
1,219,821

Other
3

 
164

 
134

 
301

 
314,531

 
314,832

Total non-PCI loans and leases
$
63,522

 
$
18,705

 
$
39,349

 
$
121,576

 
$
19,167,898

 
$
19,289,474


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, 2016 and December 31, 2015 for non-PCI loans, were as follows:
 
December 31, 2016
 
December 31, 2015
(Dollars in thousands)
Nonaccrual
loans and
leases
 
Loans and leases > 90 days and accruing
 
Nonaccrual
loans and
leases
 
Loans and
leases > 90 days and accruing
Non-PCI loans and leases:
 
 
 
 
 
 
 
Construction and land development - commercial
$
606

 
$

 
$
425

 
$
273

Commercial mortgage
26,527

 
482

 
42,116

 
242

Other commercial real estate
86

 

 
239

 

Commercial and industrial
4,275

 
440

 
6,235

 
953

Lease financing
359

 
683

 
389

 

Residential mortgage
32,470

 
37

 
29,977

 
838

Revolving mortgage
14,308

 

 
12,704

 

Construction and land development - noncommercial
1,121

 

 
2,164

 

Consumer
2,236

 
1,076

 
1,472

 
1,007

Other
319

 

 
133

 
2

Total non-PCI loans and leases
$
82,307

 
$
2,718

 
$
95,854

 
$
3,315

Schedule of Contractually Required Payments Including Principal and Interest Expected Cash Flows to be Collected and Fair Values [Table Text Block]
The following table relates to purchased non-PCI loans and leases acquired in the Cordia transaction during 2016 and provides the contractually required payments, estimate of contractual cash flows not expected to be collected and fair value of the acquired loans at the acquisition date.
(Dollars in thousands)
2016
Contractually required payments
$
296,529

Contractual cash flows not expected to be collected
$
2,678

Fair value at acquisition date
$
241,392

The following table relates to PCI loans acquired in the NMSB and FCSB acquisitions for 2016 and the CCBT acquisition for 2015. The table summarizes the contractually required payments, which include principal and interest, expected cash flows to be collected, and the fair value of PCI loans at the respective acquisition dates.
(Dollars in thousands)
2016
 
2015
Contractually required payments
$
108,649

 
$
247,812

Cash flows expected to be collected
$
93,178

 
$
207,688

Fair value of loans at acquisition
$
80,690

 
$
154,496

Changes In Carrying Value Of Acquired Impaired Loans
The recorded fair values of PCI loans acquired in the NMSB, FCSB and CCBT transactions as of their respective acquisition date were as follows:
(Dollars in thousands)
2016
 
2015
Commercial:
 
 
 
Construction and land development
$
684

 
$
4,116

Commercial mortgage
50,372

 
129,732

Other commercial real estate
2,629

 
3,202

Commercial and industrial
3,630

 
2,844

Other
1,619

 

Total commercial loans
58,934

 
139,894

Noncommercial:
 
 
 
Residential mortgage
18,934

 
13,251

Revolving mortgage
1,238

 

Construction and land development
340

 

Consumer
1,244

 
1,351

Total noncommercial loans
21,756

 
14,602

Total PCI loans
$
80,690

 
$
154,496

The following table provides changes in the carrying value of PCI loans during the years ended December 31, 2016 and 2015:
(Dollars in thousands)
2016
 
2015
Balance at January 1
$
950,516

 
$
1,186,498

Fair value of PCI loans acquired during the year
80,690

 
154,496

Accretion
76,565

 
114,580

Payments received and other changes, net
(298,602
)
 
(505,058
)
Balance at December 31
$
809,169

 
$
950,516

Unpaid principal balance at December 31
$
1,266,395

 
$
1,693,372

Changes In The Amount Of Accretable Yield
The recorded fair values of purchased non-PCI loans and leases acquired in the Cordia transaction as of the acquisition date are as follows:
(Dollars in thousands)
2016
Commercial:
 
Construction and land development
$
3,066

Commercial mortgage
77,455

Other commercial real estate
22,174

Commercial and industrial
31,773

Total commercial loans and leases
134,468

Noncommercial:
 
Residential mortgage
16,839

Revolving mortgage
9,867

Consumer
80,218

Total noncommercial loans and leases
106,924

Total non-PCI loans
$
241,392