Loans (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Summary of Loan Portfolio by Category

The following table shows our loan portfolio by category:

	December 31,
(Dollars in thousands)	2019		2018
Commercial and industrial	$	2,046,798	$	1,472,489
Owner-occupied commercial	1,296,466		1,059,974
Commercial mortgages	2,222,976		1,162,739
Construction	581,082		316,566
Commercial small business leases	188,630		—
Residential(1)	1,016,500		218,099
Consumer	1,128,731		680,939
	8,481,183		4,910,806
Less:
Deferred fees, net	9,143		7,348
Allowance for loan and lease losses	47,576		39,539
Net loans and leases	$	8,424,464	$	4,863,919

(1)Includes reverse mortgages, at fair value of $16.6 million and $16.5 million at December 31, 2019 and 2018, respectively.

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period

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 is the outstanding principal balance and carrying amounts for all acquired credit impaired loans for which the company applies ASC 310-30 as of December 31, 2019 and 2018:

(Dollars in thousands)	December 31, 2019		December 31, 2018
Outstanding principal balance	$	39,451	$	18,642
Carrying amount	26,535		14,718
Allowance for loan losses	400		227

Summary of Changes in Accretable Yield on Acquired Credit Impaired Loans

The following table presents the changes in accretable yield on all acquired credit impaired loans for the years indicated:

(Dollars in thousands)	Accretable Yield
Balance at December 31, 2017	$	3,035
Accretion	(1,704)
Reclassification from nonaccretable difference	1,527
Additions/adjustments	(395)
Disposals	—
Balance at December 31, 2018	$	2,463
Accretion	(2,304)
Reclassification from nonaccretable difference	207
Additions/adjustments	5,474
Disposals	—
Balance at December 31, 2019	$	5,840