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Allowance for Loan and Lease Losses and Credit Quality Information (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Allowance for Loan Losses and Loan Balances

The following tables provide the activity of our allowance for loan and lease losses and loan and lease balances for the years ended December 31, 2019, 2018 and 2017:


(Dollars in thousands)	Commercial and Industrial⁽¹⁾		Owner- occupied Commercial		Commercial Mortgages		Construction		Residential⁽²⁾		Consumer		Total
Year Ended December 31, 2019
Allowance for loan and lease losses
Beginning balance	$	14,211	$	5,057	$	6,806	$	3,712	$	1,428	$	8,325	$	39,539
Charge-offs	(17,258)		(354)		(159)		(42)		(322)		(4,138)		(22,273)
Recoveries	1,621		200		1,546		4		(84)		1,463		4,750
Provision (credit)	23,977		(472)		(830)		207		126		1,465		24,473
Provision (credit) for acquired loans	298		185		89		10		233		272		1,087
Ending balance	$	22,849	$	4,616	$	7,452	$	3,891	$	1,381	$	7,387	$	47,576
Period-end allowance allocated to:
Individually evaluated for impairment	$	1,179	$	23	$	—	$	—	$	463	$	176	$	1,841
Collectively evaluated for impairment	21,664		4,383		7,387		3,867		824		7,210		45,335
Acquired loans evaluated for impairment	6		210		65		24		94		1		400
Ending balance	$	22,849	$	4,616	$	7,452	$	3,891	$	1,381	$	7,387	$	47,576
Period-end loan balances:
Individually evaluated for impairment⁽³⁾	$	11,158	$	4,060	$	1,753	$	—	$	12,151	$	7,467	$	36,589
Collectively evaluated for impairment	1,619,549		971,694		1,105,174		437,999		145,582		899,724		5,179,722
Acquired nonimpaired loans	603,157		313,955		1,107,379		142,592		834,820		219,413		3,221,316
Acquired impaired loans	1,564		6,757		8,670		491		7,326		2,127		26,935
Ending balance⁽⁴⁾	$	2,235,428	$	1,296,466	$	2,222,976	$	581,082	$	999,879	$	1,128,731	$	8,464,562


(Dollars in thousands)	Commercial and Industrial		Owner- occupied Commercial		Commercial Mortgages		Construction		Residential⁽²⁾		Consumer		Total
Year Ended December 31, 2018
Allowance for loan and lease losses
Beginning balance	$	16,732	$	5,422	$	5,891	$	2,861	$	1,798	$	7,895	$	40,599
Charge-offs	(12,130)		(417)		(255)		(1,475)		(91)		(2,615)		(16,983)
Recoveries	1,381		34		255		3		154		926		2,753
Provision (credit)	8,328		(38)		924		2,341		(404)		2,126		13,277
Provision (credit) for acquired loans	(100)		56		(9)		(18)		(29)		(7)		(107)
Ending balance	$	14,211	$	5,057	$	6,806	$	3,712	$	1,428	$	8,325	$	39,539
Period-end allowance allocated to:
Individually evaluated for impairment	$	876	$	—	$	—	$	444	$	543	$	168	$	2,031
Collectively evaluated for impairment	13,334		4,965		6,727		3,254		847		8,155		37,282
Acquired loans evaluated for impairment	1		92		79		14		38		2		226
Ending balance	$	14,211	$	5,057	$	6,806	$	3,712	$	1,428	$	8,325	$	39,539
Period-end loan balances:
Individually evaluated for impairment⁽³⁾	$	14,837	$	4,406	$	4,083	$	2,781	$	11,017	$	7,883	$	45,007
Collectively evaluated for impairment	1,366,151		938,934		1,005,504		310,511		132,064		651,160		4,404,324
Acquired nonimpaired loans	89,970		112,386		145,648		2,525		57,708		21,745		429,982
Acquired impaired loans	1,531		4,248		7,504		749		761		151		14,944
Ending balance⁽⁴⁾	$	1,472,489	$	1,059,974	$	1,162,739	$	316,566	$	201,550	$	680,939	$	4,894,257


(Dollars in thousands)	Commercial and Industrial		Owner- occupied Commercial		Commercial Mortgages		Construction		Residential⁽²⁾		Consumer		Total
Year Ended December 31, 2017
Allowance for loan and lease losses
Beginning balance	$	13,339	$	6,588	$	8,915	$	2,838	$	2,059	$	6,012	$	39,751
Charge-offs	(5,008)		(296)		(4,612)		(574)		(168)		(3,184)		(13,842)
Recoveries	1,355		127		255		306		178		1,505		3,726
Provision (credit)	6,972		(1,098)		1,160		222		(300)		3,572		10,528
Provision for acquired loans	74		101		173		69		29		(10)		436
Ending balance	$	16,732	$	5,422	$	5,891	$	2,861	$	1,798	$	7,895	$	40,599
Period-end allowance allocated to:
Individually evaluated for impairment	$	3,687	$	—	$	18	$	—	$	760	$	193	$	4,658
Collectively evaluated for impairment	12,871		5,410		5,779		2,828		1,002		7,693		35,583
Acquired loans evaluated for impairment	174		12		94		33		36		9		358
Ending balance	$	16,732	$	5,422	$	5,891	$	2,861	$	1,798	$	7,895	$	40,599
Period-end loan balances:
Individually evaluated for impairment⁽³⁾	$	19,196	$	3,655	$	6,076	$	6,022	$	13,778	$	7,588	$	56,315
Collectively evaluated for impairment	1,324,636		933,352		983,400		258,887		146,621		514,713		4,161,609
Acquired nonimpaired loans	116,566		136,437		188,505		15,759		72,304		35,945		565,516
Acquired impaired loans	4,156		5,803		9,724		940		784		247		21,654
Ending balance⁽⁴⁾	$	1,464,554	$	1,079,247	$	1,187,705	$	281,608	$	233,487	$	558,493	$	4,805,094

⁽¹⁾Includes commercial small business leases.

⁽²⁾Period-end loan balance excludes reverse mortgages at fair value of $16.6 million as of December 31, 2019, $16.5 million as of December 31, 2018, and $19.8 million as of December 31, 2017.

⁽³⁾The difference between this amount and nonaccruing loans represents accruing troubled debt restructured loans which are considered to be impaired loans of $14.3 million as of December 31, 2019, $15.0 million as of December 31, 2018, and $20.1 million as of December 31, 2017.

⁽⁴⁾Ending loan balances do not include net deferred fees.

Summary of Nonaccrual and Past Due Loans

The following tables show our nonaccrual and past due loans at the dates indicated:


	December 31, 2019
(Dollars in thousands)	30–89 Days Past Due and Still Accruing			Greater Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Acquired Impaired Loans			Nonaccrual Loans			Total Loans
Commercial and industrial⁽¹⁾	$	6,289		$	2,038		$	8,327		$	2,214,506		$	1,564		$	11,031		$	2,235,428
Owner-occupied commercial	1,498			831			2,329			1,283,320			6,757			4,060			1,296,466
Commercial mortgages	4,999			99			5,098			2,207,582			8,670			1,626			2,222,976
Construction	—			—			—			580,591			491			—			581,082
Residential⁽²⁾	6,733			437			7,170			980,893			7,326			4,490			999,879
Consumer⁽³⁾	13,164			12,745			25,909			1,098,980			2,127			1,715			1,128,731
Total⁽⁴⁾	$	32,683		$	16,150		$	48,833		$	8,365,872		$	26,935		$	22,922		$	8,464,562
% of Total Loans	0.39		%	0.19		%	0.58		%	98.83		%	0.32		%	0.27		%	100.00		%

⁽¹⁾Includes commercial small business leases.

⁽²⁾Residential accruing current balances excludes reverse mortgages at fair value of $16.6 million.

⁽³⁾Includes $22.3 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.

⁽⁴⁾Balances in table above includes $3.2 billion in acquired non-impaired loans.


	December 31, 2018
(Dollars in thousands)	30–89 Days Past Due and Still Accruing			Greater Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Acquired Impaired Loans			Nonaccrual Loans			Total Loans
Commercial and industrial	$	4,646		$	71		$	4,717		$	1,452,185		$	1,531		$	14,056		$	1,472,489
Owner-occupied commercial	1,598			—			1,598			1,049,722			4,248			4,406			1,059,974
Commercial mortgages	2,296			—			2,296			1,148,988			7,504			3,951			1,162,739
Construction	157			—			157			312,879			749			2,781			316,566
Residential⁽¹⁾	2,315			660			2,975			194,960			761			2,854			201,550
Consumer	1,496			104			1,600			677,182			151			2,006			680,939
Total⁽²⁾	$	12,508		$	835		$	13,343		$	4,835,916		$	14,944		$	30,054		$	4,894,257
% of Total Loans	0.25		%	0.02		%	0.27		%	98.81		%	0.31		%	0.61		%	100.00		%

⁽¹⁾Residential accruing current balances excludes reverse mortgages at fair value of $16.5 million.

⁽²⁾Balances in table above includes $430.0 million in acquired non-impaired loans.

Analysis of Impaired Loans

The following tables provide an analysis of our impaired loans at December 31, 2019 and December 31, 2018:


	December 31, 2019
(Dollars in thousands)	Ending Loan Balances		Loans with No Related Reserve ⁽¹⁾		Loans with Related Reserve ⁽²⁾		Related Reserve		Contractual Principal Balances ⁽²⁾		Average Loan Balances
Commercial and industrial	$	11,900	$	9,979	$	1,921	$	1,185	$	14,653	$	17,033
Owner-occupied commercial	5,596		3,919		1,677		233		6,083		7,869
Commercial mortgages	4,888		1,753		3,135		65		5,215		4,607
Construction	435		—		435		24		488		1,686
Residential	14,119		8,858		5,261		557		16,721		12,031
Consumer	7,584		5,876		1,708		178		8,444		7,729
Total	$	44,522	$	30,385	$	14,137	$	2,242	$	51,604	$	50,955

⁽¹⁾Reflects loan balances at or written down to their remaining book balance.

⁽²⁾The above includes acquired impaired loans totaling $7.9 million in the ending loan balance and $9.0 million in the contractual principal balance.


	December 31, 2018
(Dollars in thousands)	Ending Loan Balances		Loans with No Related Reserve ⁽¹⁾		Loans with Related Reserve ⁽²⁾		Related Reserve		Contractual Principal Balances ⁽²⁾		Average Loan Balances
Commercial and industrial	$	14,841	$	8,625	$	6,216	$	878	$	22,365	$	18,484
Owner-occupied commercial	6,065		4,406		1,659		92		6,337		5,378
Commercial mortgages	5,679		4,083		1,596		79		15,372		7,438
Construction	3,530		—		3,530		458		5,082		5,091
Residential	11,321		6,442		4,879		581		13,771		12,589
Consumer	7,916		6,899		1,017		170		8,573		7,956
Total	$	49,352	$	30,455	$	18,897	$	2,258	$	71,500	$	56,936

⁽¹⁾Reflects loan balances at or written down to their remaining book balance.

⁽²⁾The above includes acquired impaired loans totaling $4.3 million in the ending loan balance and $4.8 million in the contractual principal balance.

Schedule of Commercial Credit Exposure


	December 31, 2019
(Dollars in thousands)	Commercial and Industrial⁽¹⁾		Owner-occupied Commercial		Commercial Mortgages		Construction		Total Commercial⁽²⁾
									Amount		%
Risk Rating:
Special mention	$	12,287	$	—	$	40,478	$	—	$	52,765
Substandard:
Accrual	78,809		32,679		23,017		—		134,505
Nonaccrual	9,852		4,037		1,626		—		15,515
Doubtful	1,179		23		—		—		1,202
Total Special Mention and Substandard	102,127		36,739		65,121		—		203,987		3	%
Acquired impaired	1,564		6,757		8,670		491		17,482		—	%
Pass	2,131,737		1,252,970		2,149,185		580,591		6,114,483		97	%
Total	$	2,235,428	$	1,296,466	$	2,222,976	$	581,082	$	6,335,952	100	%

⁽¹⁾Includes commercial small business leases.

⁽²⁾Table includes $2.2 billion of acquired non-impaired loans at December 31, 2019.


	December 31, 2018
	Commercial and Industrial		Owner-occupied Commercial		Commercial Mortgages		Construction		Total Commercial⁽¹⁾
(Dollars in thousands)									Amount		%
Risk Rating:
Special mention	$	8,710	$	21,230	$	—	$	—	$	29,940
Substandard:
Accrual	37,424		21,081		9,767		168		68,440
Nonaccrual	13,180		4,406		3,951		2,337		23,874
Doubtful	876		—		—		444		1,320
Total Special Mention and Substandard	60,190		46,717		13,718		2,949		123,574		3	%
Acquired impaired	1,531		4,248		7,504		749		14,032		—	%
Pass	1,410,768		1,009,009		1,141,517		312,868		3,874,162		97	%
Total	$	1,472,489	$	1,059,974	$	1,162,739	$	316,566	$	4,011,768	100	%

⁽¹⁾Table includes $350.5 million of acquired non-impaired loans at December 31, 2018.

Schedule of Consumer Credit Exposure


									Total Residential and Consumer⁽³⁾
	Residential ⁽²⁾						Consumer						2019				2018
(Dollars in thousands)	2019		2018		2019		2018		Amount		Percent		Amount		Percent
Nonperforming ⁽¹⁾	$	12,858	$	11,017	$	7,374	$	7,883	$	20,232	1	%	$	18,900	2	%
Acquired impaired loans	7,326		761		2,127		151		9,453		—	%	912		—	%
Performing	979,695		189,772		1,119,230		672,905		2,098,925		99	%	862,677		98	%
Total	$	999,879	$	201,550	$	1,128,731	$	680,939	$	2,128,610	100	%	$	882,489	100	%

⁽¹⁾Includes $14.0 million as of December 31, 2019 and December 31, 2018 of troubled debt restructured mortgages and home equity installment loans that are performing in accordance with the loans modified terms and are accruing interest.

⁽²⁾Residential performing loans excludes $16.6 million and $16.5 million of reverse mortgages at fair value as of December 31, 2019 and December 31, 2018, respectively.

⁽³⁾Total includes acquired non-impaired loans of $1.1 billion at December 31, 2019 and $79.5 million at December 31, 2018.

Summary of Balance of TDRs

The following table presents the balance of TDRs as of the indicated dates:


(Dollars in thousands)	December 31, 2019		December 31, 2018
Performing TDRs	$	14,281	$	14,953
Nonperforming TDRs	5,896		10,211
Total TDRs	$	20,177	$	25,164

Summary of Loan Modifications By Type

The following tables present information regarding the types of loan modifications made and the balances of loans modified as TDRs during the years ended December 31, 2019 and 2018:


	December 31, 2019									December 31, 2018
	Contractual payment reduction	Maturity date extension	Discharged in bankruptcy	Other ⁽¹⁾	Total	Contractual payment reduction	Maturity date extension	Discharged in bankruptcy	Other ⁽¹⁾	Total
Commercial	—	1	—	2	3	6	—	—	—	6
Owner-occupied commercial	—	—	—	2	2	—	—	—	—	—
Commercial mortgages	3	—	—	1	4	2	1	—	—	3
Construction	—	—	—	—	—	—	1	—	—	1
Residential	4	—	3	3	10	4	—	1	—	5
Consumer	5	3	8	5	21	8	2	7	3	20
	12	4	11	13	40	20	4	8	3	35

⁽¹⁾Other includes interest rate reduction, forbearance, and interest only payments.

Schedule of Loans Identified as Troubled Debt Restructurings During Periods Indicated


	Year Ended December 31,
(Dollars in thousands)	2019									2018
			Pre Modification			Post Modification			Pre Modification			Post Modification
Commercial	$	1,134		$	1,134		$	5,102		$	5,102
Owner-occupied commercial	1,367			1,367			—			—
Commercial mortgages	1,136			1,136			2,190			2,190
Construction	—			—			920			920
Residential	1,231			1,231			557			557
Consumer	2,046			2,046			1,481			1,481
	$	6,914		$	6,914		$	10,250		$	10,250