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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of Non-Covered and Covered Loans
Loans and leases by portfolio segment and class consisted of the following for the periods indicated:
(in thousands)
September 30, 2019
 
December 31, 2018
Commercial loans and leases:
 
 
 
Real estate - construction
$
1,330,014

 
$
1,196,366

Real estate - owner-occupied
2,468,061

 
2,395,822

Real estate - non-owner-occupied
6,011,681

 
5,796,117

Commercial and industrial (1)
6,490,125

 
5,737,017

   Total commercial loans and leases
16,299,881

 
15,125,322

Residential mortgage loans
4,649,745

 
4,359,156

Consumer and other loans:
 
 
 
Home equity
2,053,588

 
2,304,694

Other
673,323

 
730,643

   Total consumer and other loans
2,726,911

 
3,035,337

Total loans and leases
$
23,676,537

 
$
22,519,815

(1) 
Includes equipment financing leases
Schedule of Aging of Loans
The following tables provide an analysis of the aging of loans and leases as of September 30, 2019 and December 31, 2018. 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. For additional information on the determination of past due status and the Company's policies for recording payments received, placing loans and leases on non-accrual status, and the resumption of interest accrual on non-accruing loans and leases, see Note 1, Summary of Significant Accounting Policies, in the 2018 10-K.

 
September 30, 2019
 
Accruing
 
 
 
 
 
 
(in thousands)
Current or Less Than 30 days Past Due
 
30-59 days
 
60-89 days
 
> 90 days
 
Total Past Due
 
Non-accrual (1)
 
Acquired Impaired
 
Total
Real estate- construction
$
1,307,793

 
$
3,851

 
$
—

 
$
—

 
$
3,851

 
$
1,381

 
$
16,989

 
$
1,330,014

Real estate- owner-occupied
2,389,631

 
2,294

 
1,031

 
—

 
3,325

 
17,158

 
57,947

 
2,468,061

Real estate- non-owner-occupied
5,930,480

 
2,093

 
2,672

 
426

 
5,191

 
20,201

 
55,809

 
6,011,681

Commercial and industrial
6,417,203

 
3,614

 
1,769

 
2,696

 
8,079

 
43,494

 
21,349

 
6,490,125

Residential mortgage
4,502,109

 
1,252

 
13,463

 
1,668

 
16,383

 
50,439

 
80,814

 
4,649,745

Consumer - home equity
1,967,342

 
10,448

 
6,792

 
—

 
17,240

 
18,311

 
50,695

 
2,053,588

Consumer - other
663,561

 
2,839

 
2,500

 
—

 
5,339

 
2,129

 
2,294

 
673,323

Total
$
23,178,119

 
$
26,391

 
$
28,227

 
$
4,790

 
$
59,408

 
$
153,113

 
$
285,897

 
$
23,676,537


(1) 
Of the total non-accrual loans at September 30, 2019, $10.7 million were past due 30-59 days, $4.5 million were past due 60-89 days, and $73.4 million were past due more than 90 days.

 
December 31, 2018
 
Accruing
 
 
 
 
 
 
(in thousands)
Current or Less Than 30 days Past Due
 
30-59 days
 
60-89 days
 
> 90 days
 
Total Past Due
 
Non-accrual (1)
 
Acquired Impaired
 
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

(1) 
Of the total non-accrual loans at December 31, 2018, $7.0 million were past due 30-59 days, $3.7 million were past due 60-89 days, and $66.9 million were past due more than 90 days.

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 nine months ended September 30:
(in thousands)
 
2019
 
2018
Balance at beginning of period
 
$
133,342

 
$
152,623

Additions
 
—

 
2,371

Transfers from non-accretable difference to accretable yield
 
(1,740
)
 
(4
)
Accretion
 
(29,506
)
 
(37,115
)
Changes in expected cash flows not affecting non-accretable differences (1)
 
(2,927
)
 
21,092

Balance at end of period
 
$
99,169

 
$
138,967


(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 periods indicated:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Extended maturities
$
2,476

 
$
3,658

 
$
13,097

 
$
10,020

Maturity and interest rate adjustment
288

 
267

 
715

 
368

Movement to or extension of interest-rate only payments
48

 
—

 
1,827

 
48

Interest rate adjustment
—

 
—

 
71

 
101

Forbearance
22,202

 
802

 
25,068

 
14,386

Other concession(s) (1)
3,724

 
1,810

 
20,250

 
21,031

Total
$
28,738

 
$
6,537

 
$
61,028

 
$
45,954

(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 periods indicated:

 
Three Months Ended September 30,
 
2019
 
2018
(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
Real estate- construction
1

 
$
6,331

 
$
7,602

 
—

 
$
—

 
$
—

Real estate- owner-occupied
7

 
8,936

 
8,691

 
1

 
2,312

 
2,312

Real estate- non-owner-occupied
6

 
1,553

 
1,210

 
6

 
1,818

 
1,790

Commercial and industrial
14

 
1,954

 
1,952

 
9

 
829

 
804

Residential mortgage
10

 
7,210

 
6,870

 
3

 
257

 
255

Consumer - home equity
19

 
2,375

 
2,237

 
15

 
1,152

 
1,124

Consumer - other
17

 
202

 
176

 
11

 
352

 
252

Total
74

 
$
28,561

 
$
28,738

 
45

 
$
6,720

 
$
6,537


 
Nine Months Ended September 30,
 
2019
 
2018
(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
Real estate- construction
1

 
$
6,331

 
$
7,602

 
1

 
$
1,950

 
$
976

Real estate- owner-occupied
11

 
10,153

 
9,869

 
8

 
15,233

 
13,373

Real estate- non-owner-occupied
16

 
7,931

 
7,233

 
13

 
3,228

 
3,064

Commercial and industrial
48

 
29,156

 
19,594

 
32

 
32,827

 
22,769

Residential mortgage
28

 
8,897

 
8,524

 
9

 
898

 
837

Consumer - home equity
69

 
7,629

 
7,268

 
47

 
4,130

 
4,047

Consumer - other
63

 
1,065

 
938

 
53

 
1,056

 
888

Total
236

 
$
71,162

 
$
61,028

 
163

 
$
59,322

 
$
45,954









Information detailing TDRs that defaulted during the three-month and nine-month periods ended September 30, 2019 and 2018, and were modified in the previous twelve months (i.e., the twelve months prior to the default) is presented in the following tables. The Company has defined a default as any loan with a payment that is currently past due greater than 30 days, or was past due greater than 30 days at any point during the respective periods, or since the date of modification, whichever is shorter.
 
Three Months Ended September 30,
 
2019
 
2018
(in thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- owner-occupied
—

 
$
—

 
1

 
$
929

Real estate- non-owner-occupied
2

 
2,460

 
1

 
7

Commercial and industrial
8

 
1,429

 
2

 
127

Residential mortgage
1

 
101

 
—

 
—

Consumer - home equity
1

 
64

 
4

 
380

Consumer - other
5

 
57

 
6

 
86

Total
17

 
$
4,111

 
14

 
$
1,529


 
Nine Months Ended September 30,
 
2019
 
2018
(in thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- owner-occupied
6

 
$
1,225

 
6

 
$
10,101

Real estate- non-owner-occupied
16

 
5,176

 
6

 
1,084

Commercial and industrial
25

 
6,859

 
12

 
3,632

Residential mortgage
18

 
1,394

 
8

 
912

Consumer - home equity
21

 
1,873

 
17

 
1,978

Consumer - other
38

 
557

 
39

 
488

Total
124

 
$
17,084

 
88

 
$
18,195