Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2019

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]

Loans And Leases Outstanding

Loans and leases outstanding included the following at June 30, 2019 and December 31, 2018:

(Dollars in thousands)	June 30, 2019		December 31, 2018
Non-PCI loans and leases:
Commercial:
Construction and land development	$	719,534	$	757,854
Commercial mortgage	11,336,684		10,717,234
Other commercial real estate	506,760		426,985
Commercial and industrial and leases	3,980,504		3,938,730
Other	301,346		296,424
Total commercial loans	16,844,828		16,137,227
Noncommercial:
Residential mortgage	4,790,636		4,265,687
Revolving mortgage	2,470,653		2,542,975
Construction and land development	315,071		257,030
Consumer	1,755,602		1,713,781
Total noncommercial loans	9,331,962		8,779,473
Total non-PCI loans and leases	26,176,790		24,916,700
PCI loans:
Total PCI loans	551,447		606,576
Total loans and leases	$	26,728,237	$	25,523,276

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator

June 30, 2019 and December 31, 2018 by credit quality indicator are provided below:

	June 30, 2019
(Dollars in thousands)	Non-PCI commercial loans and leases
Grade:	Construction and land development		Commercial mortgage		Other commercial real estate		Commercial and industrial and leases		Other		Total non-PCI commercial loans and leases
Pass	$	716,068	$	11,093,853	$	502,168	$	3,825,956	$	300,335	$	16,438,380
Special mention	1,016		111,721		3,575		46,960		470		163,742
Substandard	2,450		131,110		1,017		38,080		541		173,198
Doubtful	—		—		—		96		—		96
Ungraded	—		—		—		69,412		—		69,412
Total	$	719,534	$	11,336,684	$	506,760	$	3,980,504	$	301,346	$	16,844,828
	December 31, 2018
(Dollars in thousands)	Non-PCI commercial loans and leases
Grade:	Construction and land development		Commercial mortgage		Other commercial real estate		Commercial and industrial and leases		Other		Total non-PCI commercial loans and leases
Pass	$	753,985	$	10,507,687	$	422,500	$	3,778,797	$	294,700	$	15,757,669
Special mention	1,369		114,219		3,193		54,814		1,105		174,700
Substandard	2,500		92,743		1,292		30,688		619		127,842
Doubtful	—		—		—		354		—		354
Ungraded	—		2,585		—		74,077		—		76,662
Total	$	757,854	$	10,717,234	$	426,985	$	3,938,730	$	296,424	$	16,137,227

	June 30, 2019
	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	$	4,736,063	$	2,444,047	$	312,985	$	1,740,946	$	9,234,041
30-59 days past due	26,250		14,044		255		8,645		49,194
60-89 days past due	13,109		3,207		214		3,099		19,629
90 days or greater past due	15,214		9,355		1,617		2,912		29,098
Total	$	4,790,636	$	2,470,653	$	315,071	$	1,755,602	$	9,331,962
	December 31, 2018
	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	$	4,214,783	$	2,514,269	$	254,837	$	1,696,321	$	8,680,210
30-59 days past due	28,239		12,585		581		10,035		51,440
60-89 days past due	7,357		4,490		21		3,904		15,772
90 days or greater past due	15,308		11,631		1,591		3,521		32,051
Total	$	4,265,687	$	2,542,975	$	257,030	$	1,713,781	$	8,779,473

PCI loans outstanding at June 30, 2019 and December 31, 2018 by credit quality indicator are provided below:

	June 30, 2019		December 31, 2018
(Dollars in thousands)	PCI commercial Loans
Grade:
Pass	$	138,300	$	141,922
Special mention	44,324		48,475
Substandard	90,019		101,447
Doubtful	2,994		4,828
Total	$	275,637	$	296,672

	June 30, 2019		December 31, 2018
(Dollars in thousands)	PCI noncommercial Loans
Current	$	244,196	$	268,280
30-59 days past due	8,691		11,155
60-89 days past due	4,763		7,708
90 days or greater past due	18,160		22,761
Total	$	275,810	$	309,904

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 June 30, 2019 and December 31, 2018 are provided in the tables below. Loans and leases past due 30 days or less are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	June 30, 2019
(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:
Commercial:
Construction and land development	$	1,468	$	1,757	$	1,563	$	4,788	$	714,746	$	719,534
Commercial mortgage	14,025		9,073		7,213		30,311		11,306,373		11,336,684
Other commercial real estate	—		698		—		698		506,062		506,760
Commercial and industrial and leases	13,227		3,196		3,860		20,283		3,960,221		3,980,504
Other	68		5		—		73		301,273		301,346
Total commercial loans	28,788		14,729		12,636		56,153		16,788,675		16,844,828
Noncommercial:
Residential mortgage	26,250		13,109		15,214		54,573		4,736,063		4,790,636
Revolving mortgage	14,044		3,207		9,355		26,606		2,444,047		2,470,653
Construction and land development	255		214		1,617		2,086		312,985		315,071
Consumer	8,645		3,099		2,912		14,656		1,740,946		1,755,602
Total noncommercial loans	49,194		19,629		29,098		97,921		9,234,041		9,331,962
Total non-PCI loans and leases	$	77,982	$	34,358	$	41,734	$	154,074	$	26,022,716	$	26,176,790
	December 31, 2018
(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:
Commercial:
Construction and land development	$	516	$	9	$	444	$	969	$	756,885	$	757,854
Commercial mortgage	14,200		2,066		3,237		19,503		10,697,731		10,717,234
Other commercial real estate	91		76		300		467		426,518		426,985
Commercial and industrial and leases	9,655		1,759		2,892		14,306		3,924,424		3,938,730
Other	285		—		89		374		296,050		296,424
Total commercial loans	24,747		3,910		6,962		35,619		16,101,608		16,137,227
Noncommercial:
Residential mortgage	28,239		7,357		15,308		50,904		4,214,783		4,265,687
Revolving mortgage	12,585		4,490		11,631		28,706		2,514,269		2,542,975
Construction and land development	581		21		1,591		2,193		254,837		257,030
Consumer	10,035		3,904		3,521		17,460		1,696,321		1,713,781
Total noncommercial loans	51,440		15,772		32,051		99,263		8,680,210		8,779,473
Total non-PCI loans and leases	$	76,187	$	19,682	$	39,013	$	134,882	$	24,781,818	$	24,916,700

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 non-PCI loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at June 30, 2019 and December 31, 2018, were as follows:

	June 30, 2019				December 31, 2018
(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
Commercial:
Construction and land development	$	1,634	$	—	$	666	$	—
Commercial mortgage	20,859		440		12,594		—
Commercial and industrial and leases	5,944		703		4,624		808
Other commercial real estate	179		—		366		—
Other	230		—		279		—
Total commercial loans	28,846		1,143		18,529		808
Noncommercial:
Construction and land development	1,786		—		1,823		—
Residential mortgage	43,467		297		35,662		—
Revolving mortgage	24,145		34		25,563		—
Consumer	2,457		1,994		2,969		2,080
Total noncommercial loans	71,855		2,325		66,017		2,080
Total non-PCI loans and leases	$	100,701	$	3,468	$	84,546	$	2,888

Schedule Of Loans And Leases Purchased

The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values:

(Dollars in thousands)	As recorded by FCB
Purchase price			$	37,486
Assets
Cash and due from banks	$	4,633
Overnight investments	3,188
Investment securities	23,512
Loans	179,243
Premises and equipment	4,944
Other real estate owned	1,567
Income earned not collected	604
Intangible assets	2,268
Other assets	19,192
Total assets acquired	239,151
Liabilities
Deposits	207,556
Borrowings	5,155
Other liabilities	2,850
Total liabilities assumed	$	215,561
Fair value of net assets acquired			23,590
Goodwill recorded for First South Bancorp			$	13,896

The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values:

(Dollars in thousands)	As recorded by FCB
Purchase price			$	118,949
Assets
Cash and due from banks	$	78,010
Overnight investments	306
Investment securities held to maturity	34,539
Loans	863,384
Premises and equipment	1,533
Other real estate owned	2,046
Income earned not collected	3,049
Intangible assets	4,745
Other assets	41,572
Total assets acquired	1,029,184
Liabilities
Deposits	786,512
Borrowings	157,415
Other liabilities	12,829
Total liabilities assumed	$	956,756
Fair value of net assets acquired			72,428
Goodwill recorded for Biscayne Bancshares			$	46,521

The following table relates to purchased non-PCI loans acquired in the Biscayne Bancshares and First South Bancorp transactions 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)	Biscayne Bancshares		First South Bancorp
Contractually required payments	$	1,078,854	$	175,465
Fair value at acquisition date	850,352		162,845

The recorded fair values of purchased non-PCI loans acquired in the Biscayne Bancshares and First South Bancorp transactions as of the acquisition date are as follows:

(Dollars in thousands)	Biscayne Bancshares		First South Bancorp
Commercial:
Construction and land development	$	15,647	$	8,663
Commercial mortgage	203,605		74,713
Other commercial real estate	98,107		7,509
Commercial and industrial and leases	28,135		40,208
Total commercial loans	345,494		131,093
Noncommercial:
Residential mortgage	405,419		24,641
Revolving mortgage	54,081		2,162
Construction and land development	31,668		3,552
Consumer	13,690		1,397
Total noncommercial loans	504,858		31,752
Total non-PCI loans	$	850,352	$	162,845

Purchased credit-impaired loans

The following table relates to PCI loans acquired in the Biscayne Bancshares and First South Bancorp transactions and 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 acquisition date:

(Dollars in thousands)	Biscayne Bancshares		First South Bancorp
Contractually required payments	$	19,720	$	23,389
Contractual cash flows expected to be collected	16,815		21,392
Fair value at acquisition date	13,032		16,398

The recorded fair values of PCI loans acquired in the Biscayne Bancshares and First South Bancorp transactions as of the acquisition date are as follows:

(Dollars in thousands)	Biscayne Bancshares		First South Bancorp
Commercial:
Construction and land development	$	—	$	1,233
Commercial mortgage	7,589		9,355
Commercial and industrial and leases	1,660		1,202
Total commercial loans	9,249		11,790
Noncommercial:
Residential mortgage	3,783		4,591
Construction and land development	—		17
Total noncommercial loans	3,783		4,608
Total PCI loans	$	13,032	$	16,398

Changes In Carrying Value Of PCI Loans

The following table provides changes in the carrying value of all PCI loans during the six months ended June 30, 2019 and June 30, 2018:

(Dollars in thousands)	2019			2018
Balance at January 1	$	606,576		$	762,998
Fair value of acquired loans	29,430			15,555
Accretion	29,648			32,188
Payments received and other changes, net	(114,207		)	(136,472		)
Balance at June 30	$	551,447		$	674,269
Unpaid principal balance at June 30	$	805,754		$	1,044,148

Changes in Carrying Value of Accretable Yield for PCI Loans

The following table documents changes to the amount of accretable yield for the first six months of 2019 and 2018:

(Dollars in thousands)	2019			2018
Balance at January 1	$	312,894		$	316,679
Additions from Biscayne Bancshares and First South Bancorp acquisitions	8,777			—
Additions from Homebancorp acquisition	—			4,142
Accretion	(29,648		)	(32,188		)
Reclassifications from nonaccretable difference	3,695			6,899
Changes in expected cash flows that do not affect nonaccretable difference	(15,682		)	48,988
Balance at June 30	$	280,036		$	344,520