LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2015

(Amounts in thousands)



	June 30, 2015		December 31, 2014
Commercial and industrial	$	6,397,736	$	5,996,070
Commercial - owner-occupied CRE	2,048,489		1,892,564
Total commercial	8,446,225		7,888,634
Commercial real estate	2,432,608		2,323,616
Commercial real estate - multi-family	561,924		593,103
Total commercial real estate	2,994,532		2,916,719
Construction	371,096		381,102
Residential real estate	415,826		361,565
Home equity	137,461		142,177
Personal	178,141		202,022
Total loans	$	12,543,281	$	11,892,219
Net deferred loan fees and unamortized discount and premium on loans, included as a reduction in total loans	$	45,138	$	47,017
Overdrawn demand deposits included in total loans	$	1,149	$	1,963

Loans Held-for-sale

Loans Held-For-Sale

(Amounts in thousands)



	June 30, 2015		December 31, 2014
Mortgage loans held-for-sale ⁽¹⁾	$	24,414	$	42,215
Other loans held-for-sale ⁽²⁾	29,849		72,946
Total loans held-for-sale	$	54,263	$	115,161


⁽¹⁾	Comprised of residential mortgage loan originations intended to be sold in the secondary market. The Company accounts for these loans under the fair value option. Refer to Note 16 for additional information regarding mortgage loans held-for-sale.

⁽²⁾

Amounts at June 30, 2015, represent commercial and commercial real estate loans carried at the lower of aggregate cost or fair value. Generally, the Company intends to sell these loans within 30-60 days from the date the intent to sell was established. Amounts at December 31, 2014, consist of $36.6 million of commercial, commercial real estate and construction loans carried at the lower of aggregate cost or fair value and $36.3 million of commercial, commercial real estate, construction, home equity and personal loans held-for-sale in connection with the sale of the Company's banking office located in Norcross, Georgia, which closed in January 2015.

Carrying Value Of Loans Pledged

Carrying Value of Loans Pledged

(Amounts in thousands)



	June 30, 2015		December 31, 2014
Loans pledged to secure outstanding borrowings or availability:
FRB discount window borrowings ⁽¹⁾	$	431,488	$	478,692
FHLB advances ⁽²⁾	1,845,935		1,576,168
Total	$	2,277,423	$	2,054,860


⁽¹⁾	No borrowings were outstanding at June 30, 2015, or December 31, 2014.


⁽²⁾	Refer to Notes 7 and 8 for additional information regarding FHLB advances.

Loan Portfolio Aging

^[1]

Loan Portfolio Aging

(Amounts in thousands)



			Delinquent
	Current		30 – 59 Days Past Due		60 – 89 Days Past Due		90 Days Past Due and Accruing		Total Accruing Loans		Nonaccrual		Total Loans
As of June 30, 2015
Commercial	$	8,416,607	$	1,561	$	212	$	—	$	8,418,380	$	27,845	$	8,446,225
Commercial real estate	2,981,091		—		—		—		2,981,091		13,441		2,994,532
Construction	371,096		—		—		—		371,096		—		371,096
Residential real estate	411,251		—		459		—		411,710		4,116		415,826
Home equity	125,741		572		—		—		126,313		11,148		137,461
Personal	178,098		18		1		—		178,117		24		178,141
Total loans	$	12,483,884	$	2,151	$	672	$	—	$	12,486,707	$	56,574	$	12,543,281
As of December 31, 2014
Commercial	$	7,855,833	$	762	$	992	$	—	$	7,857,587	$	31,047	$	7,888,634
Commercial real estate	2,891,301		5,408		261		—		2,896,970		19,749		2,916,719
Construction	380,939		163		—		—		381,102		—		381,102
Residential real estate	354,717		943		631		—		356,291		5,274		361,565
Home equity	128,500		397		2,236		—		131,133		11,044		142,177
Personal	201,569		23		—		—		201,592		430		202,022
Total loans	$	11,812,859	$	7,696	$	4,120	$	—	$	11,824,675	$	67,544	$	11,892,219

Impaired Loans

(Amounts in thousands)



	Unpaid Contractual Principal Balance		Recorded Investment With No Specific Reserve		Recorded Investment With Specific Reserve		Total Recorded Investment		Specific Reserve
As of June 30, 2015
Commercial	$	74,657	$	49,519	$	13,258	$	62,777	$	2,889
Commercial real estate	19,925		3,824		9,617		13,441		2,102
Residential real estate	4,484		—		4,116		4,116		606
Home equity	13,566		3,985		8,917		12,902		1,865
Personal	24		—		24		24		6
Total impaired loans	$	112,656	$	57,328	$	35,932	$	93,260	$	7,468
As of December 31, 2014
Commercial	$	60,174	$	25,739	$	26,432	$	52,171	$	11,487
Commercial real estate	26,738		9,755		10,193		19,948		2,441
Residential real estate	5,849		349		4,925		5,274		735
Home equity	12,904		3,627		8,839		12,466		1,855
Personal	430		—		430		430		109
Total impaired loans	$	106,095	$	39,470	$	50,819	$	90,289	$	16,627

Average Recorded Investment And Interest Income Recognized On Impaired Loans

^[1]

Average Recorded Investment and Interest Income Recognized on Impaired Loans⁽¹⁾

(Amounts in thousands)



	Three Months Ended June 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Commercial	$	59,380	$	316	$	55,534	$	419
Commercial real estate	14,823		10		36,960		20
Residential real estate	4,454		—		9,481		—
Home equity	12,714		24		12,614		21
Personal	248		—		599		—
Total	$	91,619	$	350	$	115,188	$	460


⁽¹⁾	Represents amounts while classified as impaired for the periods presented.

Average Recorded Investment and Interest Income Recognized on Impaired Loans⁽¹⁾(Continued)

(Amounts in thousands)



	Six Months Ended June 30,
	2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Commercial	$	55,791	$	500	$	48,935	$	801
Commercial real estate	16,359		13		41,617		44
Residential real estate	4,676		—		9,700		—
Home equity	13,094		46		13,018		45
Personal	300		—		632		—
Total	$	90,220	$	559	$	113,902	$	890


⁽¹⁾	Represents amounts while classified as impaired for the periods presented.

Credit Quality Indicators

^[1]

Credit Quality Indicators

(Dollars in thousands)



	Special Mention		% of Portfolio Loan Type	Potential Problem Loans		% of Portfolio Loan Type	Non- Performing Loans		% of Portfolio Loan Type	Total Loans
As of June 30, 2015
Commercial	$	124,689	1.5	$	125,948	1.5	$	27,845	0.3	$	8,446,225
Commercial real estate	83		*	2,614		0.1	13,441		0.4	2,994,532
Construction	—		—	—		—	—		—	371,096
Residential real estate	6,148		1.5	6,533		1.6	4,116		1.0	415,826
Home equity	806		0.6	2,618		1.9	11,148		8.1	137,461
Personal	715		0.4	44		*	24		*	178,141
Total	$	132,441	1.1	$	137,757	1.1	$	56,574	0.5	$	12,543,281
As of December 31, 2014
Commercial	$	93,130	1.2	$	78,562	1.0	$	31,047	0.4	$	7,888,634
Commercial real estate	3,552		0.1	746		*	19,749		0.7	2,916,719
Construction	—		—	—		—	—		—	381,102
Residential real estate	2,964		0.8	5,981		1.7	5,274		1.5	361,565
Home equity	1,170		0.8	2,108		1.5	11,044		7.8	142,177
Personal	173		0.1	45		*	430		0.2	202,022
Total	$	100,989	0.8	$	87,442	0.7	$	67,544	0.6	$	11,892,219


*	Less than 0.1%

Troubled Debt Restructured Loans Outstanding

(Amounts in thousands)



	June 30, 2015				December 31, 2014
	Accruing		Nonaccrual ⁽¹⁾		Accruing		Nonaccrual ⁽¹⁾
Commercial	$	34,932	$	7,944	$	21,124	$	20,113
Commercial real estate	—		10,638		199		8,005
Residential real estate	—		1,325		—		1,881
Home equity	1,754		5,832		1,422		5,886
Personal	—		—		—		413
Total	$	36,686	$	25,739	$	22,745	$	36,298


⁽¹⁾	Included in nonperforming loans.

Additions To TDR During The Period

Additions to Accruing Troubled Debt Restructurings During the Period

(Dollars in thousands)



	Three Months Ended June 30,
	2015					2014
	Number of Borrowers	Recorded Investment ⁽¹⁾				Number of Borrowers	Recorded Investment ⁽¹⁾
	Number of Borrowers	Pre- Modification		Post- Modification		Number of Borrowers	Pre- Modification		Post- Modification
Commercial
Extension of maturity date ⁽²⁾	4	$	13,415	$	13,134	1	$	3,550	$	3,550
Other concession ⁽³⁾	—	—		—		1	2,638		2,638
Total commercial	4	13,415		13,134		2	6,188		6,188
Home equity
Extension of maturity date ⁽²⁾	1	346		346		—	—		—
Total accruing	5	$	13,761	$	13,480	2	$	6,188	$	6,188
Change in recorded investment due to principal paydown at time of modification				$	281				$	—



	Six Months Ended June 30,
	2015					2014
		Recorded Investment ⁽¹⁾					Recorded Investment ⁽¹⁾
	Number of Borrowers	Pre- Modification		Post- Modification		Number of Borrowers	Pre- Modification		Post- Modification
Commercial
Extension of maturity date ⁽²⁾	5	$	15,809	$	15,528	2	$	3,750	$	3,750
Other concession ⁽³⁾	—	—		—		2	15,579		15,579
Total commercial	5	15,809		15,528		4	19,329		19,329
Commercial real estate
Other concession ⁽³⁾	—	—		—		1	426		426
Home equity
Extension of maturity date ⁽²⁾	1	346		346		—	—		—
Total accruing	6	$	16,155	$	15,874	5	$	19,755	$	19,755
Change in recorded investment due to principal paydown at time of modification				$	281				$	—


⁽¹⁾	Represents amounts as of the date immediately prior to and immediately after the modification is effective.


⁽²⁾	Extension of maturity date also includes loans renewed at an existing rate of interest that is considered a below market rate for that particular loan’s risk profile.


⁽³⁾	Other concessions primarily include interest rate reductions, loan increases or deferrals of principal.

Additions to Nonaccrual Troubled Debt Restructurings During the Period

(Dollars in thousands)



	Three Months Ended June 30,
	2015					2014
	Number of Borrowers	Recorded Investment ⁽¹⁾				Number of Borrowers	Recorded Investment ⁽¹⁾
	Number of Borrowers	Pre- Modification		Post- Modification		Number of Borrowers	Pre- Modification		Post- Modification
Commercial
Extension of maturity date ⁽²⁾	4	$	2,583	$	2,583	—	$	—	$	—
Other concession ⁽³⁾	1	2,107		2,107		2	97		97
Total commercial	5	4,690		4,690		2	97		97
Commercial real estate
Other concession ⁽³⁾	—	—		—		1	1,120		1,120
Residential real estate
Other concession ⁽³⁾	—	—		—		1	70		70
Home equity
Extension of maturity date ⁽²⁾	3	170		165		—	—		—
Other concession ⁽³⁾	—	—		—		2	865		865
Total home equity	3	170		165		2	865		865
Total nonaccrual	8	$	4,860	$	4,855	6	$	2,152	$	2,152
Change in recorded investment due to principal paydown at time of modification				$	5				$	—



	Six Months Ended June 30,
	2015					2014
		Recorded Investment ⁽¹⁾					Recorded Investment ⁽¹⁾
	Number of Borrowers	Pre- Modification		Post- Modification		Number of Borrowers	Pre- Modification		Post- Modification
Commercial
Extension of maturity date ⁽²⁾	4	$	2,583	$	2,583	—	$	—	$	—
Other concession ⁽³⁾	2	2,780		2,773		4	553		503
Total commercial	6	5,363		5,356		4	553		503
Commercial real estate
Extension of maturity date ⁽²⁾	2	1,747		1,660		—	—		—
Other concession ⁽³⁾	1	3,773		3,773		1	1,120		1,120
Total commercial real estate	3	5,520		5,433		1	1,120		1,120
Residential real estate
Other concession ⁽³⁾	—	—		—		3	565		565
Home equity
Extension of maturity date ⁽²⁾	3	170		165		1	114		114
Other concession ⁽³⁾	2	77		77		3	1,115		1,115
Total home equity	5	247		242		4	1,229		1,229
Total nonaccrual	14	$	11,130	$	11,031	12	$	3,467	$	3,417
Net decrease in recorded investment at time of modification				$	99				$	50


⁽¹⁾	Represents amounts as of the date immediately prior to and immediately after the modification is effective.


⁽²⁾	Extension of maturity date also includes loans renewed at an existing rate of interest that is considered a below market rate for that particular loan’s risk profile.


⁽³⁾	Other concessions primarily include interest rate reductions, loan increases or deferrals of principal.

OREO Composition

(Amounts in thousands)



	June 30, 2015		December 31, 2014
Single-family homes	$	7,494	$	7,902
Land parcels	3,807		4,237
Multi-family	1,026		488
Office/industrial	1,734		3,832
Retail	1,023		957
Total OREO properties	$	15,084	$	17,416

Covered Assets

(Amounts in thousands)



	June 30, 2015			December 31, 2014
Residential mortgage loans ⁽¹⁾	$	28,259		$	32,182
Foreclosed real estate - single family homes	159			187
Estimated loss reimbursement by the FDIC	2,111			1,763
Total covered assets	30,529			34,132
Allowance for covered loan losses	(6,332		)	(5,191		)
Net covered assets	$	24,197		$	28,941


⁽¹⁾	Includes $264,000 and $420,000 of purchased credit-impaired loans as of June 30, 2015, and December 31, 2014, respectively.

[1]	Extension of maturity date also includes loans renewed at an existing rate of interest that is considered a below market rate for that particular loan’s risk profile.