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Loans (Tables)
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Non-Covered and Covered Loans
Loans and leases consist of the following at December 31:
 
 
 
 
 
(Dollars in thousands)
 
2018
 
2017
Commercial loans and leases:
 
 
 
 
Real estate - construction
 
$
1,196,366

 
$
1,240,396

Real estate - owner-occupied
 
2,395,822

 
2,375,321

Real estate - non-owner-occupied
 
5,796,117

 
5,322,513

     Commercial and industrial (1)
 
5,737,017

 
5,135,067

 
 
15,125,322

 
14,073,297

 
 
 
 
 
Residential mortgage loans
 
4,359,156

 
3,056,352

 
 


 
 
Consumer loans:
 
 
 
 
Home equity
 
2,304,694

 
2,292,275

Other
 
730,643

 
656,257

 
 
3,035,337

 
2,948,532

Total
 
$
22,519,815

 
$
20,078,181

Schedule of Aging of Loans
The following tables provide an analysis of the aging of loans and leases as of December 31, 2018 and 2017. Past due and non-accrual 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.

 
December 31, 2018
 
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
 
Acquired Impaired Loans
 
Total
Real estate - construction
$
1,167,795

 
$
1,054

 
$

 
$

 
$
1,054

 
$
1,094

 
$
26,423

 
$
1,196,366

Real estate - owner-occupied
2,305,743

 
7,167

 

 

 
7,167

 
10,260

 
72,652

 
2,395,822

Real estate - non-owner-occupied
5,703,131

 
7,473

 
360

 

 
7,833

 
15,898

 
69,255

 
5,796,117

Commercial and industrial
5,645,304

 
5,139

 
1,320

 
553

 
7,012

 
57,860

 
26,841

 
5,737,017

Residential mortgage
4,218,146

 
2,768

 
13,063

 
1,575

 
17,406

 
30,396

 
93,208

 
4,359,156

Consumer - home equity
2,200,517

 
10,283

 
2,409

 

 
12,692

 
18,830

 
72,655

 
2,304,694

Consumer - other
719,122

 
4,695

 
1,601

 

 
6,296

 
2,846

 
2,379

 
730,643

Total
$
21,959,758

 
$
38,579

 
$
18,753

 
$
2,128

 
$
59,460

 
$
137,184

 
$
363,413

 
$
22,519,815


The following tables provide an analysis of the aging of loans and leases as of December 31, 2018 and 2017. Past due and non-accrual 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.

 
December 31, 2018
 
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
 
Acquired Impaired Loans
 
Total
Real estate - construction
$
1,167,795

 
$
1,054

 
$

 
$

 
$
1,054

 
$
1,094

 
$
26,423

 
$
1,196,366

Real estate - owner-occupied
2,305,743

 
7,167

 

 

 
7,167

 
10,260

 
72,652

 
2,395,822

Real estate - non-owner-occupied
5,703,131

 
7,473

 
360

 

 
7,833

 
15,898

 
69,255

 
5,796,117

Commercial and industrial
5,645,304

 
5,139

 
1,320

 
553

 
7,012

 
57,860

 
26,841

 
5,737,017

Residential mortgage
4,218,146

 
2,768

 
13,063

 
1,575

 
17,406

 
30,396

 
93,208

 
4,359,156

Consumer - home equity
2,200,517

 
10,283

 
2,409

 

 
12,692

 
18,830

 
72,655

 
2,304,694

Consumer - other
719,122

 
4,695

 
1,601

 

 
6,296

 
2,846

 
2,379

 
730,643

Total
$
21,959,758

 
$
38,579

 
$
18,753

 
$
2,128

 
$
59,460

 
$
137,184

 
$
363,413

 
$
22,519,815



 
December 31, 2017
 
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
 
Acquired Impaired Loans
 
Total
Real estate - construction
$
1,197,766

 
$
269

 
$

 
$
458

 
$
727

 
$
2,635

 
$
39,268

 
$
1,240,396

Real estate - owner-occupied
2,243,923

 
1,631

 
659

 
74

 
2,364

 
24,457

 
104,577

 
2,375,321

Real estate - non-owner-occupied
5,220,648

 
2,086

 
6,405

 
887

 
9,378

 
6,811

 
85,676

 
5,322,513

Commercial and industrial
5,014,438

 
5,788

 
5,726

 
146

 
11,660

 
77,823

 
31,146

 
5,135,067

Residential mortgage
2,877,048

 
10,083

 
8,136

 
5,317

 
23,536

 
17,387

 
138,381

 
3,056,352

Consumer - home equity
2,186,554

 
11,675

 
2,947

 
18

 
14,640

 
12,365

 
78,716

 
2,292,275

Consumer - other
642,244

 
5,286

 
1,026

 

 
6,312

 
3,910

 
3,791

 
656,257

Total
$
19,382,621

 
$
36,818

 
$
24,899

 
$
6,900

 
$
68,617

 
$
145,388

 
$
481,555

 
$
20,078,181

Schedule of Carrying Amount of Loans Acquired
The tables below show the fair value estimates of loans acquired from Gibraltar 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
$
1,593,408

Expected losses and foregone interest
(25,029
)
Cash flows expected to be collected at acquisition
1,568,379

Fair value of acquired loans at acquisition
$
1,426,756


(Dollars in thousands)
Acquired Impaired Loans
Contractually required principal and interest at acquisition
$
29,929

Non-accretable difference (expected losses and foregone interest)
(3,636
)
Cash flows expected to be collected at acquisition
26,293

Accretable yield
(5,574
)
Basis in acquired loans at acquisition
$
20,719

Summary of Changes in Accretable Yields of Acquired Loans
The following is a summary of changes in the accretable difference for all loans accounted for under ASC 310-30 during the years ended December 31:

(Dollars in thousands)
 
2018
 
2017
 
2016
Balance at beginning of period
 
$
152,623

 
$
175,054

 
$
227,502

Additions
 
5,574

 
32,937

 

Transfers from non-accretable difference to accretable yield
 
3,623

 
4,912

 
5,490

Accretion
 
(47,962
)
 
(56,337
)
 
(68,211
)
Changes in expected cash flows not affecting non-accretable differences (1)
 
19,484

 
(3,943
)
 
10,273

Balance at end of period
 
$
133,342

 
$
152,623

 
$
175,054


(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 years ended December 31:
(Dollars in thousands)
2018
 
2017
 
2016
Extended maturities
$
23,262

 
$
26,561

 
$
75,315

Interest rate adjustment
99

 
24

 
193

Maturity and interest rate adjustment
554

 
4,932

 
2,470

Movement to or extension of interest-rate only payments
881

 
4,161

 
27,931

Forbearance
4,432

 
7,226

 
76,819

Other concession(s) (1)
23,943

 
27,555

 
39,708

Total
$
53,171

 
$
70,459

 
$
222,436

(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 years ended December 31:
 
2018
 
2017
 
2016
(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
 
Number of Loans
 
Pre-modification Outstanding Recorded Investment
 
Post-modification Outstanding Recorded Investment
Commercial real estate - construction
3

 
$
4,819

 
$
3,830

 
4

 
$
9,404

 
$
9,628

 
3

 
$
3,024

 
$
3,035

Commercial real estate - owner-occupied
14

 
4,257

 
3,912

 
11

 
5,779

 
5,706

 
20

 
18,223

 
18,239

Commercial real estate - non-owner-occupied
20

 
3,719

 
3,428

 
19

 
11,974

 
13,738

 
25

 
16,644

 
10,093

Commercial and industrial
52

 
39,796

 
30,295

 
57

 
21,651

 
20,883

 
79

 
163,265

 
169,893

Residential mortgage
19

 
1,706

 
1,529

 
24

 
1,897

 
1,771

 
43

 
5,141

 
4,946

Consumer - home equity
65

 
10,607

 
8,951

 
123

 
16,346

 
15,862

 
158

 
13,273

 
12,568

Consumer - other
73

 
1,491

 
1,226

 
121

 
3,182

 
2,871

 
195

 
4,070

 
3,662

Total
246

 
$
66,395

 
$
53,171

 
359

 
$
70,233

 
$
70,459

 
523

 
$
223,640

 
$
222,436

Information detailing TDRs that defaulted during the years ended December 31, 2018, 2017, and 2016 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.
 
2018
 
2017
 
2016
(In thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Commercial real estate - construction

 
$

 
2

 
$
3,572

 
1

 
$
116

Commercial real estate - owner-occupied
2

 
142

 
6

 
4,668

 
3

 
3,473

Commercial real estate - non-owner-occupied
5

 
1,039

 
13

 
8,060

 
6

 
201

Commercial and industrial
13

 
3,757

 
32

 
6,550

 
22

 
14,707

Residential mortgage
8

 
773

 
16

 
1,218

 
8

 
405

Consumer - home equity
15

 
1,354

 
32

 
3,285

 
25

 
1,379

Consumer - other
38

 
447

 
62

 
1,381

 
59

 
944

Total
81

 
$
7,512

 
163

 
$
28,734

 
124

 
$
21,225