Loans and Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2019 and December 31, 2018:

(Dollars in thousands)	September 30, 2019		December 31, 2018
Non-PCI loans and leases:
Commercial:
Construction and land development	$	943,747	$	757,854
Commercial mortgage	11,453,353		10,717,234
Other commercial real estate	491,063		426,985
Commercial and industrial and leases	4,129,384		3,938,730
Other	301,791		296,424
Total commercial loans	17,319,338		16,137,227
Noncommercial:
Residential mortgage	4,869,562		4,265,687
Revolving mortgage	2,414,884		2,542,975
Construction and land development	321,903		257,030
Consumer	1,757,235		1,713,781
Total noncommercial loans	9,363,584		8,779,473
Total non-PCI loans and leases	26,682,922		24,916,700
PCI loans:
Total PCI loans	513,589		606,576
Total loans and leases	$	27,196,511	$	25,523,276

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator

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

	September 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	$	935,478	$	11,217,849	$	486,331	$	3,974,806	$	300,492	$	16,914,956
Special mention	2,295		111,617		3,191		51,355		599		169,057
Substandard	5,974		123,887		1,541		33,584		700		165,686
Doubtful	—		—		—		115		—		115
Ungraded	—		—		—		69,524		—		69,524
Total	$	943,747	$	11,453,353	$	491,063	$	4,129,384	$	301,791	$	17,319,338
	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

	September 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	$	4,810,600	$	2,391,778	$	318,589	$	1,741,622	$	9,262,589
30-59 days past due	29,551		10,581		701		8,901		49,734
60-89 days past due	9,087		4,219		1,013		3,482		17,801
90 days or greater past due	20,324		8,306		1,600		3,230		33,460
Total	$	4,869,562	$	2,414,884	$	321,903	$	1,757,235	$	9,363,584
	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 September 30, 2019 and December 31, 2018 by credit quality indicator are provided below:

	September 30, 2019		December 31, 2018
(Dollars in thousands)	PCI commercial Loans
Grade:
Pass	$	132,338	$	141,922
Special mention	43,535		48,475
Substandard	72,647		101,447
Doubtful	4,308		4,828
Total	$	252,828	$	296,672

	September 30, 2019		December 31, 2018
(Dollars in thousands)	PCI noncommercial Loans
Current	$	234,494	$	268,280
30-59 days past due	8,613		11,155
60-89 days past due	5,573		7,708
90 days or greater past due	12,081		22,761
Total	$	260,761	$	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 September 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.

	September 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	$	902	$	86	$	3,760	$	4,748	$	938,999	$	943,747
Commercial mortgage	22,270		2,386		10,737		35,393		11,417,960		11,453,353
Other commercial real estate	80		130		698		908		490,155		491,063
Commercial and industrial and leases	10,015		4,373		4,257		18,645		4,110,739		4,129,384
Other	61		211		13		285		301,506		301,791
Total commercial loans	33,328		7,186		19,465		59,979		17,259,359		17,319,338
Noncommercial:
Residential mortgage	29,551		9,087		20,324		58,962		4,810,600		4,869,562
Revolving mortgage	10,581		4,219		8,306		23,106		2,391,778		2,414,884
Construction and land development	701		1,013		1,600		3,314		318,589		321,903
Consumer	8,901		3,482		3,230		15,613		1,741,622		1,757,235
Total noncommercial loans	49,734		17,801		33,460		100,995		9,262,589		9,363,584
Total non-PCI loans and leases	$	83,062	$	24,987	$	52,925	$	160,974	$	26,521,948	$	26,682,922
	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 September 30, 2019 and December 31, 2018, were as follows:

	September 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	$	5,372	$	—	$	666	$	—
Commercial mortgage	24,993		796		12,594		—
Commercial and industrial and leases	6,630		1,099		4,624		808
Other commercial real estate	709		—		366		—
Other	121		—		279		—
Total commercial loans	37,825		1,895		18,529		808
Noncommercial:
Construction and land development	1,716		—		1,823		—
Residential mortgage	43,677		439		35,662		—
Revolving mortgage	22,748		—		25,563		—
Consumer	2,850		1,913		2,969		2,080
Total noncommercial loans	70,991		2,352		66,017		2,080
Total non-PCI loans and leases	$	108,816	$	4,247	$	84,546	$	2,888

Schedule Of Loans And Leases Purchased

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 nine months ended September 30, 2019 and September 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	45,891			45,699
Payments received and other changes, net	(168,308		)	(186,234		)
Balance at September 30	$	513,589		$	638,018
Unpaid principal balance at September 30	$	724,745		$	999,926

Changes in Carrying Value of Accretable Yield for PCI Loans

The following table documents changes to the amount of accretable yield for the first nine 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	(45,891		)	(45,699		)
Reclassifications from nonaccretable difference	6,156			5,866
Changes in expected cash flows that do not affect nonaccretable difference	(21,757		)	42,214
Balance at September 30	$	260,179		$	323,202