Loans (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Non-Covered and Covered Loans

Loans consist of the following, segregated into legacy and acquired loans, for the periods indicated:



	September 30, 2016
(Dollars in thousands)	Legacy Loans		Acquired Loans		Total
Commercial loans:
Real estate	$	5,419,483	$	1,261,732	$	6,681,215
Commercial and industrial	3,101,472		361,525		3,462,997
Energy-related	598,279		1,362		599,641
	9,119,234		1,624,619		10,743,853

Residential mortgage loans:	840,082		430,448		1,270,530

Consumer and other loans:
Home equity	1,755,295		395,835		2,151,130
Indirect automobile	153,904		9		153,913
Other	544,855		60,218		605,073
	2,454,054		456,062		2,910,116
Total	$	12,413,370	$	2,511,129	$	14,924,499



	December 31, 2015
(Dollars in thousands)	Legacy Loans		Acquired Loans		Total
Commercial loans:
Real estate	$	4,504,062	$	1,569,449	$	6,073,511
Commercial and industrial	2,952,102		492,476		3,444,578
Energy-related	677,177		3,589		680,766
	8,133,341		2,065,514		10,198,855

Residential mortgage loans:	694,023		501,296		1,195,319

Consumer and other loans:
Home equity	1,575,643		490,524		2,066,167
Indirect automobile	246,214		84		246,298
Other	541,299		79,490		620,789
	2,363,156		570,098		2,933,254
Total	$	11,190,520	$	3,136,908	$	14,327,428

Schedule of Aging of Non-Covered Loans

The following tables provide an analysis of the aging of loans as of September 30, 2016 and December 31, 2015. Due to the difference in accounting for acquired loans, the tables below further segregate the Company’s loans between loans originated by the Company (“legacy loans”) and acquired loans.



	September 30, 2016
	Legacy loans

	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Total Loans
Commercial real estate - Construction	$	694,868	$	—	$	—	$	1,234	$	1,234	$	25	$	696,127
Commercial real estate - Other	4,704,088		1,514		445		2,389		4,348		14,920		4,723,356
Commercial and industrial	3,050,241		14,713		1,404		148		16,265		34,966		3,101,472
Energy-related	444,659		—		—		—		—		153,620		598,279
Residential mortgage	817,154		1,396		7,389		327		9,112		13,816		840,082
Consumer - Home equity	1,740,001		6,207		1,968		101		8,276		7,018		1,755,295
Consumer - Indirect automobile	150,008		2,151		405		—		2,556		1,340		153,904
Consumer - Credit card	79,588		311		115		—		426		438		80,452
Consumer - Other	459,548		2,145		994		737		3,876		979		464,403
Total	$	12,140,155	$	28,437	$	12,720	$	4,936	$	46,093	$	227,122	$	12,413,370



	December 31, 2015
	Legacy loans

	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due		Non-accrual Loans		Total Loans
Commercial real estate - Construction	$	635,560	$	801	$	—	$	—	$	801	$	120	$	636,481
Commercial real estate - Other	3,848,584		2,687		793		95		3,575		15,422		3,867,581
Commercial and industrial	2,943,409		1,208		739		87		2,034		6,659		2,952,102
Energy-related	670,081		15		—		—		15		7,081		677,177
Residential mortgage	676,347		1,075		2,485		442		4,002		13,674		694,023
Consumer - Home equity	1,565,596		3,549		870		—		4,419		5,628		1,575,643
Consumer - Indirect automobile	242,328		2,187		518		—		2,705		1,181		246,214
Consumer - Credit card	76,360		394		113		—		507		394		77,261
Consumer - Other	460,594		1,923		752		—		2,675		769		464,038
Total	$	11,118,859	$	13,839	$	6,270	$	624	$	20,733	$	50,928	$	11,190,520



	September 30, 2016
	Acquired loans

	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due^{(1) (2)}		Non-accrual Loans		Discount/Premium			Acquired Impaired Loans		Total Loans
Commercial real estate - Construction	$	41,618	$	—	$	—	$	—	$	—	$	1,946	$	(285	)	$	37,516	$	80,795
Commercial real estate - Other	913,519		—		387		—		387		1,976		(4,991		)	270,046		1,180,937
Commercial and industrial	324,496		561		249		—		810		1,770		(705		)	35,154		361,525
Energy-related	1,369		—		—		—		—		—		(7		)	—		1,362
Residential mortgage	307,677		—		1,339		280		1,619		1,258		(5,855		)	125,749		430,448
Consumer - Home equity	301,164		419		289		17		725		1,206		(1,762		)	94,502		395,835
Consumer - Indirect automobile	9		—		—		—		—		—		—			—		9
Consumer - Credit Card	—		—		—		—		—		—		—			507		507
Consumer - Other	57,929		521		203		—		724		243		(4,758		)	5,573		59,711
Total	$	1,947,781	$	1,501	$	2,467	$	297	$	4,265	$	8,399	$	(18,363	)	$	569,047	$	2,511,129



	December 31, 2015
	Acquired loans

	Accruing
(Dollars in thousands)	Current or Less Than 30 days past due		30-59 days		60-89 days		> 90 days		Total Past Due ^{(1) (2)}		Non-accrual Loans		Discount/Premium			Acquired Impaired Loans		Total Loans
Commercial real estate - Construction	$	69,167	$	180	$	117	$	—	$	297	$	—	$	(358	)	$	56,320	$	125,426
Commercial real estate - Other	1,090,688		861		705		—		1,566		1,491		(4,479		)	354,757		1,444,023
Commercial and industrial	442,454		623		—		—		623		1,154		(2,517		)	50,762		492,476
Energy-related	2,186		—		—		—		—		170		2			1,231		3,589
Residential mortgage	365,261		7		940		—		947		1,109		(6,601		)	140,580		501,296
Consumer - Home equity	381,107		622		416		291		1,329		1,291		(7,333		)	114,130		490,524
Consumer - Indirect automobile	19		—		—		—		—		—		—			65		84
Consumer - Credit Card	—		—		—		—		—		—		—			582		582
Consumer - Other	74,385		468		127		—		595		206		(2,570		)	6,292		78,908
Total	$	2,425,267	$	2,761	$	2,305	$	291	$	5,357	$	5,421	$	(23,856	)	$	724,719	$	3,136,908


⁽¹⁾	Past due information presents acquired loans at the gross loan balance, prior to application of discounts.


⁽²⁾	Past due loan amounts exclude acquired impaired loans, even if contractually past due or if the Company does not expect to receive payment in full, as the Company is currently accreting interest income over the expected life of the loans.

Schedule of Carrying Amount of Loan Acquired

The tables below show the balances acquired during 2015 for these two subsections of the portfolio as of the acquisition date.



(Dollars in thousands)	Acquired Non-Impaired Loans
Contractually required principal and interest at acquisition	$	2,384,114
Expected losses and foregone interest	(15,539		)
Cash flows expected to be collected at acquisition	2,368,575
Fair value of acquired loans at acquisition	$	2,105,466



(Dollars in thousands)	Acquired Impaired Loans
Contractually required principal and interest at acquisition	$	76,445
Non-accretable difference (expected losses and foregone interest)	(11,867		)
Cash flows expected to be collected at acquisition	64,578
Accretable yield	(6,823		)
Basis in acquired loans at acquisition	$	57,755

Summary of Changes in Accretable Yields of Acquired Loans

The following is a summary of changes in the accretable difference for loans accounted for under ASC 310-30 during the nine months ended September 30:



(Dollars in thousands)	2016			2015
Balance at beginning of period	$	227,502		$	287,651
Acquisition	—			4,592
Transfers from non-accretable difference to accretable yield	5,491			7,199
Accretion	(52,603		)	(60,305		)
Changes in expected cash flows not affecting non-accretable differences ⁽¹⁾	12,743			(1,511		)
Balance at end of period	$	193,133		$	237,626


⁽¹⁾	Includes changes in cash flows expected to be collected due to the impact of changes in actual or expected timing of liquidation events, modifications, changes in interest rates and changes in prepayment assumptions.

Schedule of Modified TDRs

The following table provides information on how the TDRs were modified during the nine months ended September 30:



(Dollars in thousands)	2016		2015
Extended maturities	$	76,059	$	15,932
Maturity and interest rate adjustment	26,372		23,552
Forbearance	75,953		1,228
Movement to or extension of interest-rate only payments	1,689		—
Interest rate adjustment	133		—
Other concession(s) ⁽¹⁾	38,390		7,887
Total	$	218,596	$	48,599

⁽¹⁾Other concessions may include covenant waivers, forgiveness of principal or interest associated with a customer bankruptcy, or a combination of any of the above concessions.

Schedule of Subsequently Defaulted TDRs

The following table presents the end of period balance for loans modified in a TDR during the nine-month periods ended September 30:



	2016					2015
(In thousands, except number of loans)	Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment		Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Commercial real estate	23	$	22,765	$	16,441	8	$	26,408	$	25,572
Commercial and industrial	49	44,144		43,083		18	19,798		19,643
Energy-related	28	143,012		145,298		1	3,434		3,384
Residential mortgage	31	4,784		4,659		—	—		—
Consumer - Home Equity	104	7,071		6,805		—	—		—
Consumer - Other	142	2,372		2,310		—	—		—
Total	377	$	224,148	$	218,596	27	$	49,640	$	48,599

Information detailing TDRs which defaulted during the nine-month periods ended September 30, 2016 and 2015, and were modified in the previous twelve months (i.e., the twelve months prior to the default) is presented in the following table. The Company has defined a default as any loan with a loan payment that is currently past due greater than 30 days, or was past due greater than 30 days at any point during the previous twelve months, or since the date of modification, whichever is shorter.



	September 30, 2016			September 30, 2015
(In thousands, except number of loans)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial real estate	5	$	668	4	$	12,939
Commercial and industrial	21	7,476		15	13,145
Energy-related	1	1,394		1	3,384
Residential mortgage	5	364		—	—
Consumer - Home Equity	16	1,037		—	—
Consumer - Other	13	278		—	—
Total	61	$	11,217	20	$	29,468