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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Non-Covered and Covered Loans
The following is the amortized cost of loans and leases as of March 31, 2020 and December 31, 2019, excluding accrued interest of $65.9 million and $65.7 million, which is included in other assets in the unaudited consolidated balance sheets:
(in thousands)
March 31, 2020
 
December 31, 2019
Commercial loans and leases:
 
 
 
Real estate - construction
$
1,322,627

 
$
1,321,663

Real estate - owner-occupied
2,424,139

 
2,475,326

Real estate - non-owner-occupied
6,484,257

 
6,267,106

Commercial and industrial (C&I) (1)
6,909,841

 
6,547,538


17,140,864

 
16,611,633

Consumer and other loans:
 
 
 
Residential mortgage
4,849,119

 
4,739,075

Home equity
1,926,753

 
1,987,336

Other
624,896

 
683,455


7,400,768

 
7,409,866

Total loans and leases
$
24,541,632

 
$
24,021,499

(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 March 31, 2020 and December 31, 2019.
 
March 31, 2020
 
Age Analysis of Past Due Loans and Leases
 
 
 
 
 
 
(in thousands)
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater than 90 Days Past Due
 
Total Past Due
 
Current
 
Total
 
Accruing Loans Greater Than 90 Days Past Due
Real estate- construction
$
5,466

 
$
—

 
$
69

 
$
5,535

 
$
1,317,092

 
$
1,322,627

 
$
—

Real estate- owner-occupied
5,714

 
6,302

 
12,810

 
24,826

 
2,399,313

 
2,424,139

 
1,328

Real estate- non-owner-occupied
4,525

 
8,318

 
14,451

 
27,294

 
6,456,963

 
6,484,257

 
1,679

Commercial and industrial
16,505

 
10,357

 
7,811

 
34,673

 
6,875,168

 
6,909,841

 
169

Residential mortgage
23,664

 
1,131

 
34,748

 
59,543

 
4,789,576

 
4,849,119

 
7,787

Home equity
20,719

 
3,014

 
18,254

 
41,987

 
1,884,766

 
1,926,753

 
—

Other
5,195

 
2,751

 
2,572

 
10,518

 
614,378

 
624,896

 
—

Total
$
81,788

 
$
31,873

 
$
90,715

 
$
204,376

 
$
24,337,256

 
$
24,541,632

 
$
10,963

 
December 31, 2019
 
Age Analysis of Past Due Loans and Leases
 
 
 
 
 
 
(in thousands)
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater than 90 Days Past Due
 
Total Past Due
 
Current
 
Total
 
Accruing Loans Greater Than 90 Days Past Due
Real estate- construction
$
244

 
$
—

 
$
1,377

 
$
1,621

 
$
1,320,042

 
$
1,321,663

 
$
—

Real estate- owner-occupied
18,387

 
2,770

 
9,175

 
30,332

 
2,444,994

 
2,475,326

 
1,035

Real estate- non-owner-occupied
5,418

 
2,459

 
10,450

 
18,327

 
6,248,779

 
6,267,106

 
58

Commercial and industrial
6,805

 
1,523

 
15,601

 
23,929

 
6,523,609

 
6,547,538

 
887

Residential mortgage
4,008

 
17,297

 
23,055

 
44,360

 
4,694,715

 
4,739,075

 
1,277

Home equity
14,001

 
3,113

 
14,332

 
31,446

 
1,955,890

 
1,987,336

 
—

Other
3,935

 
1,267

 
2,500

 
7,702

 
675,753

 
683,455

 
—

Total
$
52,798

 
$
28,429

 
$
76,490

 
$
157,717

 
$
23,863,782

 
$
24,021,499

 
$
3,257
Schedule of nonaccrual loans
Additional information on non-accrual loans and leases as of March 31, 2020 and December 31, 2019 is presented in the following table.
 
Amortized Cost of Non-accrual Loans and Leases
 
Non-accrual Loans and Leases With No Related Allowance for Expected Credit Losses
 
Interest Income Recognized on Non-accrual Loans and Leases
(in thousands)
March 31, 2020
 
December 31, 2019
 
December 31, 2018
 
March 31, 2020
 
December 31, 2019
 
Three Months Ended
March 31, 2020
 
Three Months Ended
March 31, 2019
Real estate- construction
$
133

 
$
1,394

 
$
1,094

 
$
4

 
$
929

 
$
—

 
$
—

Real estate- owner-occupied
23,428

 
17,817

 
10,260

 
19,968

 
11,469

 
135

 
70

Real estate- non-owner-occupied
20,383

 
15,440

 
15,898

 
18,120

 
8,610

 
159

 
54

Commercial and industrial
40,768

 
41,636

 
57,860

 
34,432

 
9,590

 
122

 
352

Residential mortgage
48,067

 
34,833

 
30,396

 
26,013

 
19,500

 
49

 
60

Home equity
30,319

 
24,404

 
18,830

 
5,915

 
3,200

 
64

 
67

Other
3,465

 
3,381

 
2,846

 
1,190

 
—

 
13

 
2

Total
$
166,563

 
$
138,905

 
$
137,184

 
$
105,642

 
$
53,298

 
$
542

 
$
605
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 three months ended March 31, 2019:
(in thousands)
2019
Balance at beginning of period
$
133,342

Transfers from non-accretable difference to accretable yield
(3,640
)
Accretion
(10,086
)
Changes in expected cash flows not affecting non-accretable differences (1)
(272
)
Balance at end of period
$
119,344


(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 March 31,
(in thousands)
2020
 
2019
Extended maturities
$
2,450

 
$
9,014

Maturity and interest rate adjustment
706

 
468

Movement to or extension of interest-rate only payments
46

 
12

Interest rate adjustment
3,878

 
—

Forbearance
1,111

 
6,510

Other concession(s) (1)
1,604

 
15,425

Total
$
9,795

 
$
31,429

(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 March 31,
 
2020
 
2019
(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

 
$
154

 
$
86

 
1

 
$
39

 
$
39

Real estate- owner-occupied
4

 
2,520

 
2,558

 
4

 
6,904

 
4,661

Real estate- non-owner-occupied
5

 
3,944

 
3,820

 
7

 
2,990

 
2,968

Commercial and industrial
14

 
1,844

 
1,367

 
23

 
17,382

 
17,040

Residential mortgage
6

 
750

 
413

 
10

 
1,741

 
1,738

Home equity
16

 
1,507

 
1,482

 
33

 
4,277

 
4,233

Other
5

 
71

 
69

 
38

 
787

 
750

Total
51

 
$
10,790

 
$
9,795

 
116

 
$
34,120

 
$
31,429

Information detailing TDRs that defaulted during the three-month periods ended March 31, 2020 and 2019, 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 March 31,
 
2020
 
2019
(in thousands, except number of loans)
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
Real estate- construction
1

 
$
9,212

 
1

 
$
939

Real estate- owner-occupied
5

 
1,898

 
3

 
640

Real estate- non-owner-occupied
11

 
5,287

 
7

 
825

Commercial and industrial
33

 
7,862

 
10

 
3,933

Residential mortgage
15

 
1,190

 
13

 
1,108

Home equity
23

 
2,189

 
16

 
2,891

Other
20

 
208

 
20

 
261

Total
108

 
$
27,846

 
70

 
$
10,597