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LOANS (Tables)
 3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Summary of Loan Portfolio by Category
The following table shows our loan and lease portfolio by category:  
(Dollars in thousands)
 
March 31, 2019
 
December 31, 2018
Commercial and industrial
 
$
2,075,430

 
$
1,472,489

Owner-occupied commercial
 
1,312,945

 
1,059,974

Commercial mortgages
 
2,353,152

 
1,162,739

Construction
 
575,697

 
316,566

Commercial small business leases
 
144,658

 
—

Residential(1)
 
1,115,550

 
218,099

Consumer
 
1,131,759

 
680,939

 
 
8,709,191

 
4,910,806

Less:
 

 
 
Deferred fees, net
 
7,266

 
7,348

Allowance for loan and lease losses
 
46,321

 
39,539

Net loans and leases
 
$
8,655,604

 
$
4,863,919

(1) Includes reverse mortgages at fair value of $16.2 million at March 31, 2019 and $16.5 million at December 31, 2018.
Schedule of Loans Acquired
The following table details the loans acquired from Beneficial that are accounted for in accordance with ASC 310-30, as of the date of the acquisition.
(Dollars in thousands)
 
March 1, 2019
Contractual required principal and interest at acquisition
 
$
53,647

Contractual cash flows not expected to be collected (nonaccretable difference)
 
20,118

Expected cash flows at acquisition
 
33,529

Interest component of expected cash flows (accretable yield)
 
3,068

Fair value of acquired loans accounted for under ASC 310-30
 
30,461
Schedule of Outstanding Principal Balance and Carrying Amounts for Acquired Credit-Impaired Loans
The following table shows the outstanding principal balance and carrying amounts for acquired credit impaired loans for which the Company applies ASC 310-30 as of the dates indicated:
(Dollars in thousands)
 
March 31, 2019
 
December 31, 2018
Outstanding principal balance
 
$
56,597

 
$
18,642

Carrying amount
 
42,490

 
14,718

Allowance for loan losses
 
227

 
227
Summary of Changes in Accretable Yield on Acquired Credit Impaired Loans
The following table presents the changes in accretable yield on the acquired credit impaired loans for the three months ended March 31, 2019 and 2018.
 
 
Three Months Ended March 31,
(Dollars in thousands)
 
2019
 
2018
Balance at beginning of period
 
$
2,463

 
$
3,035

Addition from Beneficial
 
3,068

 
—

Accretion
 
(412
)
 
(417
)
Reclassification from nonaccretable difference
 
—

 
2

Additions/adjustments
 
(164
)
 
(180
)
Balance at end of period
 
$
4,955

 
$
2,440