Loans Receivable and Allowance for Loan Losses | The following is a summary of loans by major category at December 31, 2016 and 2015 : December 31, 2016 December 31, 2015 Loan portfolio composition (Dollars in thousands) Real estate loans: Residential $ 57,884 $ 33,797 Commercial & industrial 7,842,573 4,912,655 Construction 254,113 123,030 Total real estate loans 8,154,570 5,069,482 Commercial business 1,832,021 980,153 Trade finance 154,928 99,163 Consumer and other 403,470 102,573 Total loans outstanding 10,544,989 6,251,371 Less: deferred loan fees (1,657 ) (3,030 ) Gross loans receivable 10,543,332 6,248,341 Less: allowance for loan losses (79,343 ) (76,408 ) Loans receivable, net $ 10,463,989 $ 6,171,933 Our loan portfolio is made up of four segments: real estate loans, commercial business, trade finance and consumer and other. These segments are further segregated between loans accounted for under the amortized cost method ("Legacy Loans") and acquired loans that were originally recorded at fair value with no carryover of the related pre-acquisition allowance for loan losses ("Acquired Loans"). The Acquired Loans are further segregated between Purchased Credit Impaired Loans (loans with credit deterioration on the acquisition date and accounted for under ASC 310-30, or "PCIs") and Acquired Performing Loans (loans that were pass graded on the acquisition date and the fair value adjustment is amortized over the contractual life under ASC 310-20, or "non-PCIs"). The following table presents changes in the accretable discount on the PCI loans for the years ended December 31, 2016 and 2015 : Year ended December 31, 2016 2015 (Dollars in thousands) Balance at beginning of period $ 23,777 $ 24,051 Additions due to mergers and acquisitions 8,713 — Accretion (15,817 ) (12,633 ) Changes in expected cash flows 21,918 12,359 Balance at end of period $ 38,591 $ 23,777 On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the PCI loans is the “accretable yield”. The accretable yield is then measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. The accretable yield may increase from period to period due to the following: 1) estimates of the remaining life of acquired loans will affect the amount of future interest income, 2) indicies for variable rates of interest on PCI loans may change; and 3) estimates of the amount of the contractual principal and interest that will not be collected (nonaccretable difference) may change. The following tables detail the activity in the allowance for loan losses by portfolio segment for the year ended December 31, 2016 and 2015 : Legacy Acquired Total Real Estate Commercial Business Trade Finance Consumer and Other Real Estate Commercial Business Trade Finance Consumer and Other (Dollars in thousands) December 31, 2016 Balance, beginning of period $ 42,829 $ 16,332 $ 3,592 $ 556 $ 12,823 $ 214 $ — $ 62 $ 76,408 Provision (credit) for loan losses (4,896 ) 12,928 (1,695 ) 2,229 714 (248 ) — (32 ) 9,000 Loans charged off (152 ) (7,267 ) — (757 ) (758 ) (26 ) — — (8,960 ) Recoveries of charged offs 1,175 1,437 — 88 12 177 — 6 2,895 Balance, end of period $ 38,956 $ 23,430 $ 1,897 $ 2,116 $ 12,791 $ 117 $ — $ 36 $ 79,343 December 31, 2015 Balance, beginning of period $ 38,775 $ 15,986 $ 3,456 $ 427 $ 8,573 $ 485 $ — $ 56 $ 67,758 Provision (credit) for loan losses 2,828 (577 ) 1,424 177 4,270 (117 ) — (5 ) 8,000 Loans charged off (558 ) (1,971 ) (1,288 ) (630 ) (183 ) (271 ) — (11 ) (4,912 ) Recoveries of charged offs 1,784 2,894 — 582 163 117 — 22 5,562 Balance, end of period $ 42,829 $ 16,332 $ 3,592 $ 556 $ 12,823 $ 214 $ — $ 62 $ 76,408 The following tables disaggregate the allowance for loan losses and the carrying value of loans receivables by impairment methodology at December 31, 2016 and December 31, 2015 : December 31, 2016 Legacy Acquired Total Real Estate Commercial Business Trade Finance Consumer and Other Real Estate Commercial Business Trade Finance Consumer and Other (Dollars in thousands) Allowance for loan losses: Individually evaluated for impairment $ 1,889 $ 4,420 $ 864 $ 50 $ 113 $ 73 $ — $ — $ 7,409 Collectively evaluated for impairment 37,067 19,010 1,033 2,066 548 44 — 36 59,804 PCI loans — — — — 12,130 — — — 12,130 Total $ 38,956 $ 23,430 $ 1,897 $ 2,116 $ 12,791 $ 117 $ — $ 36 $ 79,343 Loans outstanding: Individually evaluated for impairment $ 74,085 $ 34,783 $ 6,029 $ 733 $ 23,865 $ 435 $ — $ 431 $ 140,361 Collectively evaluated for impairment 5,271,262 1,079,348 75,365 179,961 2,597,200 650,710 70,535 206,802 10,131,183 PCI loans — — — — 188,158 66,745 2,999 15,543 273,445 Total $ 5,345,347 $ 1,114,131 $ 81,394 $ 180,694 $ 2,809,223 $ 717,890 $ 73,534 $ 222,776 $ 10,544,989 December 31, 2015 Legacy Acquired Total Real Estate Commercial Business Trade Finance Consumer and Other Real Estate Commercial Business Trade Finance Consumer and Other (Dollars in thousands) Allowance for loan losses: Individually evaluated for impairment $ 1,663 $ 4,188 $ 2,603 $ — $ 225 $ 128 $ — $ — $ 8,807 Collectively evaluated for impairment 41,166 12,144 989 556 616 86 — 62 55,619 PCI loans — — — — 11,982 — — — 11,982 Total $ 42,829 $ 16,332 $ 3,592 $ 556 $ 12,823 $ 214 $ — $ 62 $ 76,408 Loans outstanding: Individually evaluated for impairment $ 63,376 $ 40,352 $ 12,548 $ 812 $ 19,109 $ 1,235 $ — $ 658 $ 138,090 Collectively evaluated for impairment 4,717,300 896,041 86,615 60,570 200,753 22,660 — 20,533 6,004,472 PCI loans — — — — 68,944 19,865 — 20,000 108,809 Total $ 4,780,676 $ 936,393 $ 99,163 $ 61,382 $ 288,806 $ 43,760 $ — $ 41,191 $ 6,251,371 As of December 31, 2016 and December 31, 2015 , the liability for unfunded commitments was $3.2 million and $2.0 million , respectively. For the year ended December 31, 2016 and 2015 , the recognized provision for credit losses related to unfunded commitments was $179 thousand and $381 thousand . The recorded investment in individually impaired loans was as follows: December 31, 2016 December 31, 2015 (Dollars in thousands) With Allocated Allowance Without charge-off $ 59,638 $ 77,922 With charge-off 1,120 155 With No Allocated Allowance Without charge-off 76,775 57,585 With charge-off 2,828 2,428 Allowance on Impaired Loans (7,409 ) (8,807 ) Impaired Loans, net of allowance $ 132,952 $ 129,283 The following tables detail impaired loans (Legacy and Acquired) by portfolio segment. Loans with no related allowance for loan losses are believed by management to have adequate collateral securing their carrying value. As of December 31, 2016 For the year ended December 31, 2016 Total Impaired Loans Recorded Investment* Unpaid Contractual Principal Balance Related Allowance Average Recorded Investment* Interest Income Recognized during Impairment (Dollars in thousands) With Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 2,095 2,384 90 1,788 — Hotel & Motel 6,387 6,387 337 3,650 332 Gas Station & Car Wash 215 228 41 884 — Mixed Use 206 732 27 350 7 Industrial & Warehouse 530 530 — 547 23 Other 22,580 22,825 1,507 23,690 1,033 Real Estate—Construction — — — — — Commercial Business 26,543 27,161 4,493 32,626 988 Trade Finance 2,111 2,156 864 7,134 25 Consumer and Other 91 91 50 289 4 Subtotal $ 60,758 $ 62,494 $ 7,409 $ 70,958 $ 2,412 With No Related Allowance: Real Estate—Residential $ 3,562 $ 3,562 $ — $ 712 $ 119 Real Estate—Commercial Retail 12,753 13,290 — 10,745 451 Hotel & Motel 6,122 11,735 — 8,275 14 Gas Station & Car Wash 5,043 7,449 — 4,817 39 Mixed Use 7,303 7,822 — 3,284 282 Industrial & Warehouse 9,673 9,748 — 10,252 350 Other 20,181 21,492 — 13,086 479 Real Estate—Construction 1,300 1,441 — 1,322 — Commercial Business 8,675 9,472 — 10,559 203 Trade Finance 3,918 3,918 — 1,674 208 Consumer and Other 1,073 1,136 — 1,026 29 Subtotal $ 79,603 $ 91,065 $ — $ 65,752 $ 2,174 Total $ 140,361 $ 153,559 $ 7,409 $ 136,710 $ 4,586 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. As of December 31, 2016 For the year ended December 31, 2016 Impaired acquired loans Recorded Investment* Unpaid Contractual Principal Balance Related Allowance Average Recorded Investment* Interest Income Recognized during Impairment (Dollars in thousands) With Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 1,826 2,114 85 1,387 — Hotel & Motel — — — — — Gas Station & Car Wash — — — 203 — Mixed Use 136 136 2 280 7 Industrial & Warehouse — — — — — Other 337 341 26 327 18 Real Estate—Construction — — — — — Commercial Business 294 339 73 448 5 Trade Finance — — — — — Consumer and Other — — — 32 — Subtotal $ 2,593 $ 2,930 $ 186 $ 2,677 $ 30 With No Related Allowance: Real Estate—Residential $ 679 $ 679 $ — $ 136 $ — Real Estate—Commercial Retail 3,148 3,214 — 2,496 152 Hotel & Motel 4,767 7,171 — 5,700 14 Gas Station & Car Wash 1,568 1,815 — 1,506 39 Mixed Use 5,315 5,551 — 1,238 245 Industrial & Warehouse 66 66 — 873 3 Other 6,023 6,752 — 4,021 177 Real Estate—Construction — — — — — Commercial Business 141 386 — 580 2 Trade Finance — — — — — Consumer and Other 431 484 — 453 9 Subtotal $ 22,138 $ 26,118 $ — $ 17,003 $ 641 Total $ 24,731 $ 29,048 $ 186 $ 19,680 $ 671 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. As of December 31, 2015 For the year ended December 31, 2015 Total Impaired Loans Recorded Investment* Unpaid Contractual Principal Balance Related Allowance Average Recorded Investment* Interest Income Recognized during Impairment (Dollars in thousands) With Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 1,871 1,984 230 3,388 — Hotel & Motel 4,697 4,707 158 10,512 230 Gas Station & Car Wash 1,569 1,625 47 1,542 59 Mixed Use 564 1,087 13 498 9 Industrial & Warehouse 563 563 — 3,686 25 Other 24,603 24,851 1,440 12,585 1,110 Real Estate—Construction — — — — — Commercial Business 31,527 31,832 4,316 31,790 998 Trade Finance 12,548 12,548 2,603 6,209 527 Consumer and Other 135 135 — 153 7 Subtotal $ 78,077 $ 79,332 $ 8,807 $ 70,363 $ 2,965 With No Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 11,305 12,051 — 10,779 464 Hotel & Motel 7,592 10,180 — 6,455 93 Gas Station & Car Wash 3,754 6,435 — 3,685 107 Mixed Use 2,382 2,604 — 2,375 51 Industrial & Warehouse 8,967 10,608 — 10,186 254 Other 13,250 14,234 — 9,355 362 Real Estate—Construction 1,369 1,470 — 1,153 — Commercial Business 10,059 12,063 — 8,722 345 Trade Finance — — — 986 — Consumer and Other 1,335 1,431 — 1,177 26 Subtotal $ 60,013 $ 71,076 $ — $ 54,873 $ 1,702 Total $ 138,090 $ 150,408 $ 8,807 $ 125,236 $ 4,667 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. As of December 31, 2015 For the year ended December 31, 2015 Impaired acquired loans Recorded Investment* Unpaid Contractual Principal Balance Related Allowance Average Recorded Investment* Interest Income Recognized during Impairment (Dollars in thousands) With Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 1,171 1,173 197 1,835 — Hotel & Motel — — — — — Gas Station & Car Wash 1,017 1,062 6 1,246 59 Mixed Use 494 491 5 380 9 Industrial & Warehouse — — — 72 — Other 306 306 17 797 16 Real Estate—Construction — — — — — Commercial Business 566 645 128 671 15 Trade Finance — — — — — Consumer and Other — — — — — Subtotal $ 3,554 $ 3,677 $ 353 $ 5,001 $ 99 With No Related Allowance: Real Estate—Residential $ — $ — $ — $ — $ — Real Estate—Commercial Retail 2,642 2,756 — 2,301 105 Hotel & Motel 7,014 9,303 — 5,889 73 Gas Station & Car Wash 1,188 1,299 — 651 64 Mixed Use 273 282 — 210 13 Industrial & Warehouse 1,127 1,298 — 1,275 9 Other 3,876 4,615 — 4,162 53 Real Estate—Construction — — — — — Commercial Business 668 1,039 — 892 55 Trade Finance — — — — — Consumer and Other 658 748 — 629 7 Subtotal $ 17,446 $ 21,340 $ — $ 16,009 $ 379 Total $ 21,000 $ 25,017 $ 353 $ 21,010 $ 478 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. For the year ended December 31, 2014 Total Impaired Loans Average Recorded Investment* Interest Income Recognized during Impairment (Dollars in thousands) With Related Allowance: Real Estate—Residential $ — $ — Real Estate—Commercial Retail 5,205 127 Hotel & Motel 12,053 532 Gas Station & Car Wash 2,440 60 Mixed Use 823 — Industrial & Warehouse 7,309 119 Other 9,709 355 Real Estate—Construction — — Commercial Business 32,798 1,502 Trade Finance 6,647 — Consumer and Other 114 — Subtotal $ 77,098 $ 2,695 With No Related Allowance: Real Estate—Residential $ — $ — Real Estate—Commercial Retail 8,462 358 Hotel & Motel 6,655 — Gas Station & Car Wash 4,139 44 Mixed Use 1,415 39 Industrial & Warehouse 9,311 494 Other 5,118 93 Real Estate—Construction 1,583 — Commercial Business 8,349 50 Trade Finance 724 — Consumer and Other 1,168 28 Subtotal $ 46,924 $ 1,106 Total $ 124,022 $ 3,801 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. For the year ended December 31, 2014 Impaired acquired loans Average Recorded Investment* Interest Income Recognized during Impairment With Related Allowance: Real Estate—Residential $ — $ — Real Estate—Commercial Retail 838 97 Hotel & Motel — — Gas Station & Car Wash 1,783 60 Mixed Use 212 — Industrial & Warehouse 1,026 — Other 1,134 5 Real Estate—Construction — — Commercial Business 1,090 15 Trade Finance — — Consumer and Other — — Subtotal $ 6,083 $ 177 With No Related Allowance: Real Estate—Residential $ — $ — Real Estate—Commercial Retail 1,869 27 Hotel & Motel 6,067 — Gas Station & Car Wash 621 — Mixed Use 275 — Industrial & Warehouse 2,673 39 Other 3,798 41 Real Estate—Construction — — Commercial Business 1,321 4 Trade Finance — — Consumer and Other 772 8 Subtotal $ 17,396 $ 119 Total $ 23,479 $ 296 * Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts. The following tables present the aging of past due loans as of December 31, 2016 and December 31, 2015 by class of loans: As of December 31, 2016 Past Due and Accruing 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Nonaccrual Loans (2) Total Delinquent loans (Dollars in thousands) Legacy Loans Real estate—Residential $ — $ — $ — $ — $ — $ — Real estate—Commercial Retail 480 — — 480 3,672 4,152 Hotel & Motel 1,836 3,137 — 4,973 1,392 6,365 Gas Station & Car Wash 362 — — 362 3,690 4,052 Mixed Use — — — — 1,305 1,305 Industrial & Warehouse — 697 — 697 1,922 2,619 Other 2,871 — — 2,871 4,007 6,878 Real estate—Construction — 1,513 — 1,513 1,300 2,813 Commercial business 558 815 — 1,373 9,371 10,744 Trade finance — 500 — 500 2,056 2,556 Consumer and other 146 58 305 509 229 738 Subtotal $ 6,253 $ 6,720 $ 305 $ 13,278 $ 28,944 $ 42,222 Acquired Loans (1) Real estate—Residential $ — $ — $ — $ — $ 679 $ 679 Real estate—Commercial Retail 1,611 — — 1,611 1,871 3,482 Hotel & Motel 95 — — 95 4,501 4,596 Gas Station & Car Wash 68 340 — 408 993 1,401 Mixed Use — — — — 48 48 Industrial & Warehouse 257 — — 257 — 257 Other 350 — — 350 2,144 2,494 Real estate—Construction — — — — — — Commercial business 1,303 684 — 1,987 345 2,332 Trade finance — — — — — — Consumer and other 331 25 — 356 549 905 Subtotal $ 4,015 $ 1,049 $ — $ 5,064 $ 11,130 $ 16,194 TOTAL $ 10,268 $ 7,769 $ 305 $ 18,342 $ 40,074 $ 58,416 (1) The Acquired Loans exclude PCI loans. (2) Nonaccrual loans exclude the guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million . As of December 31, 2015 Past Due and Accruing 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Nonaccrual Loans (2) Total Delinquent loans (Dollars in thousands) Legacy Loans Real estate—Residential $ — $ — $ — $ — $ — $ — Real estate—Commercial Retail 574 — — 574 2,383 2,957 Hotel & Motel 854 — — 854 318 1,172 Gas Station & Car Wash — 640 330 970 2,418 3,388 Mixed Use — — — — 1,407 1,407 Industrial & Warehouse — 110 — 110 2,275 2,385 Other — — — — 2,930 2,930 Real estate—Construction — — — — 1,369 1,369 Commercial business 905 770 — 1,675 13,393 15,068 Trade finance — — — — 1,731 1,731 Consumer and other 770 158 45 973 245 1,218 Subtotal $ 3,103 $ 1,678 $ 375 $ 5,156 $ 28,469 $ 33,625 Acquired Loans (1) Real estate—Residential $ — $ — $ — $ — $ — $ — Real estate—Commercial Retail 2,572 — — 2,572 2,113 4,685 Hotel & Motel — — — — 5,072 5,072 Gas Station & Car Wash — — — — — Mixed Use — — — — 415 415 Industrial & Warehouse — — — — 990 990 Other — — — — 2,684 2,684 Real estate—Construction — — — — — — Commercial business 310 39 — 349 476 825 Trade finance — — — — — — Consumer and other 287 — — 287 582 869 Subtotal $ 3,169 $ 39 $ — $ 3,208 $ 12,332 $ 15,540 TOTAL $ 6,272 $ 1,717 $ 375 $ 8,364 $ 40,801 $ 49,165 (1) The Acquired Loans exclude PCI loans. (2) Nonaccrual loans exclude the guaranteed portion of delinquent SBA loans that are in liquidation totaling $18.7 million . Loans accounted for under ASC 310-30 are generally considered accruing and performing loans and the accretable discount is accreted to interest income over the estimate life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. The loans may be classified as nonaccrual if the timing and amount of future cash flows is not reasonably estimable. The following tables present the risk rating for Legacy Loans and Acquired Loans as of December 31, 2016 and December 31, 2015 by class of loans: As of December 31, 2016 Pass Special Mention Substandard Doubtful/Loss Total (Dollars in thousands) Legacy Loans: Real estate—Residential $ 34,283 $ 223 $ 2,883 $ — $ 37,389 Real estate—Commercial Retail 1,303,452 18,929 15,430 — 1,337,811 Hotel & Motel 1,187,709 12,763 9,026 — 1,209,498 Gas Station & Car Wash 643,282 7,259 3,690 — 654,231 Mixed Use 375,312 — 1,467 — 376,779 Industrial & Warehouse 478,528 29,830 13,745 — 522,103 Other 969,024 22,220 41,017 — 1,032,261 Real estate—Construction 159,230 14,745 1,300 — 175,275 Commercial business 1,032,232 15,919 65,885 95 1,114,131 Trade finance 68,051 5,673 7,670 — 81,394 Consumer and other 179,864 1 829 — 180,694 Subtotal $ 6,430,967 $ 127,562 $ 162,942 $ 95 $ 6,721,566 Acquired Loans: Real estate—Residential $ 18,007 $ 1,809 $ 679 $ — $ 20,495 Real estate—Commercial Retail 772,465 9,860 21,110 — 803,435 Hotel & Motel 328,396 5,419 18,233 — 352,048 Gas Station & Car Wash 249,379 8,437 11,338 — 269,154 Mixed Use 118,643 3,105 12,505 8 134,261 Industrial & Warehouse 321,040 31,819 9,048 315 362,222 Other 736,385 23,286 29,099 — 788,770 Real estate—Construction 78,838 — — — 78,838 Commercial business 649,186 31,340 37,265 99 717,890 Trade finance 70,535 61 2,938 — 73,534 Consumer and other 214,437 958 5,949 1,432 222,776 Subtotal $ 3,557,311 $ 116,094 $ 148,164 $ 1,854 $ 3,823,423 Total $ 9,988,278 $ 243,656 $ 311,106 $ 1,949 $ 10,544,989 As of December 31, 2015 Pass Special Mention Substandard Doubtful/Loss Total (Dollars in thousands) Legacy Loans: Real estate—Residential $ 32,543 $ 465 $ — $ — $ 33,008 Real estate—Commercial Retail 1,168,844 25,686 14,838 — 1,209,368 Hotel & Motel 1,009,493 789 5,937 — 1,016,219 Gas Station & Car Wash 610,749 6,192 3,758 — 620,699 Mixed Use 326,902 1,191 2,610 — 330,703 Industrial & Warehouse 461,938 10,099 11,966 — 484,003 Other 913,304 15,805 34,537 — 963,646 Real estate—Construction 121,661 — 1,369 — 123,030 Commercial business 875,989 21,886 38,505 13 936,393 Trade finance 82,797 3,818 12,548 — 99,163 Consumer and other 60,549 14 812 7 61,382 Subtotal $ 5,664,769 $ 85,945 $ 126,880 $ 20 $ 5,877,614 Acquired Loans: Real estate—Residential $ 508 $ 281 $ — $ — $ 789 Real estate—Commercial Retail 91,076 2,364 14,926 — 108,366 Hotel & Motel 21,306 4,339 13,835 — 39,480 Gas Station & Car Wash 22,231 356 6,548 — 29,135 Mixed Use 14,195 6,382 3,762 — 24,339 Industrial & Warehouse 31,606 1,361 4,708 378 38,053 Other 38,311 366 9,967 — 48,644 Real estate—Construction — — — — — Commercial business 27,413 1,149 14,835 363 43,760 Trade finance — — — — — Consumer and other 32,194 1,643 5,901 1,453 41,191 Subtotal $ 278,840 $ 18,241 $ 74,482 $ 2,194 $ 373,757 Total $ 5,943,609 $ 104,186 $ 201,362 $ 2,214 $ 6,251,371 The following table presents loans sold from loans held for investment or transferred from held for investment to held for sale during the year ended December 31, 2016 and 2015 by portfolio segment: Year ended December 31, 2016 2015 (Dollars in thousands) Sales or reclassification to held for sale Real estate - Commercial $ 5,920 $ 619 Real estate - Construction — — Commercial Business 3,457 66 Consumer 2,508 6,330 Total $ 11,885 $ 7,015 The following table presents loans by portfolio segment and impairment method at December 31, 2016 and December 31, 2015 : As of December 31, 2016 Real estate - Residential Real estate - Commercial Real estate - Construction Commercial business Trade finance Consumer and other Total (Dollars in thousands) Impaired loans (Gross carrying value) $ 3,562 $ 93,088 $ 1,300 $ 35,218 $ 6,029 $ 1,164 $ 140,361 Specific allowance $ — $ 2,002 $ — $ 4,493 $ 864 $ 50 $ 7,409 Loss coverage ratio N/A 2.2 % N/A 12.8 % 14.3 % 4.3 % 5.3 % Non-impaired loans $ 54,322 $ 7,749,485 $ 252,813 $ 1,796,803 $ 148,899 $ 402,306 $ 10,404,628 General allowance $ 209 $ 47,915 $ 1,621 $ 19,054 $ 1,033 $ 2,102 $ 71,934 Loss coverage ratio 0.4 % 0.6 % 0.6 % 1.1 % 0.7 % 0.5 % 0.7 % Total loans $ 57,884 $ 7,842,573 $ 254,113 $ 1,832,021 $ 154,928 $ 403,470 $ 10,544,989 Total allowance for loan losses $ 209 $ 49,917 $ 1,621 $ 23,547 $ 1,897 $ 2,152 $ 79,343 Loss coverage ratio 0.4 % 0.6 % 0.6 % 1.3 % 1.2 % 0.5 % 0.8 % As of December 31, 2015 Real estate - Residential Real estate - Commercial Real estate - Construction Commercial business Trade finance Consumer and other Total (Dollars in thousands) Impaired loans (Gross carrying value) $ — $ 81,117 $ 1,369 $ 41,586 $ 12,548 $ 1,470 $ 138,090 Specific allowance $ — $ 1,888 $ — $ 4,316 $ 2,603 $ — $ 8,807 Loss coverage ratio N/A 2.3 % N/A 10.4 % 20.7 % N/A 6.4 % Non-impaired loans $ 33,797 $ 4,831,538 $ 121,661 $ 938,567 $ 86,615 $ 101,103 $ 6,113,281 General allowance $ 230 $ 52,617 $ 917 $ 12,231 $ 989 $ 617 $ 67,601 Loss coverage ratio 0.7 % 1.1 % 0.8 % 1.3 % 1.1 % 0.6 % 1.1 % Total loans $ 33,797 $ 4,912,655 $ 123,030 $ 980,153 $ 99,163 $ 102,573 $ 6,251,371 Total allowance for loan losses $ 230 $ 54,505 $ 917 $ 16,547 $ 3,592 $ 617 $ 76,408 Loss coverage ratio 0.7 % 1.1 % 0.7 % 1.7 % 3.6 % 0.6 % 1.2 % Under certain circumstances, the Company provides borrowers relief through loan modifications. These modifications are either temporary in nature (“temporary modifications”) or are more substantive. At December 31, 2016 , total modified loans were $70.9 million , compared to $72.2 million at December 31, 2015 . The temporary modifications generally consist of interest only payments for a three to six month period, whereby principal payments are deferred. At the end of the modification period, the remaining principal balance is re-amortized based on the original maturity date. Loans subject to temporary modifications are generally downgraded to Substandard or Special Mention. At the end of the modification period, the loan either 1) returns to the original contractual terms; 2) is further modified and accounted for as a troubled debt restructuring in accordance with ASC 310-10-35; or 3) is disposed of through foreclosure or liquidation. Troubled Debt Restructurings (“TDRs”) of loans are defined by ASC 310-40, Troubled Debt Restructurings by Creditors , and ASC 470-60, Troubled Debt Restructurings by Debtors, and evaluated for impairment in accordance with ASC 310-10-35. The concessions may be granted in various forms, including reduction in the stated interest rate, reduction in the amount of principal amortization, forgiveness of a portion of a loan balance or accrued interest, or extension of the maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy. A summary of TDRs on accrual and nonaccrual by type of concession as of December 31, 2016 , December 31, 2015 , and December 31, 2014 is presented below: As of December 31, 2016 TDRs on accrual TDRs on nonaccrual Total Real estate - Commercial Commercial Business Other Sub-Total Real estate - Commercial Commercial Business Other Sub-Total (Dollars in thousands) Payment concession $ 16,358 $ 29 $ — $ 16,387 $ 4,417 $ 1,717 $ — $ 6,134 $ 22,521 Maturity / Amortization concession 1,840 17,471 4,600 23,911 1,313 6,130 2,287 9,730 33,641 Rate concession 6,856 1,665 55 8,576 5,590 387 155 6,132 14,708 Principal forgiveness — — — — — — — — — Total $ 25,054 $ 19,165 $ 4,655 $ 48,874 $ 11,320 $ 8,234 $ 2,442 $ 21,996 $ 70,870 As of December 31, 2015 TDRs on accrual TDRs on nonaccrual Total Real estate - Commercial Other Sub-Total Real estate - Commercial Other Sub-Total (Dollars in thousands) Payment concession $ 11,604 $ 375 $ — $ 11,979 $ 3,891 $ 2,410 $ — $ 6,301 $ 18,280 Maturity / Amortization concession 4,009 18,192 5,311 27,512 1,583 6,818 2,297 10,698 38,210 Rate concession 7,215 1,278 — 8,493 6,445 641 166 7,252 15,745 Principal forgiveness — — — — — — — — — Total $ 22,828 $ 19,845 $ 5,311 $ 47,984 $ 11,919 $ 9,869 $ 2,463 $ 24,251 $ 72,235 As of December 31, 2014 TDRs on accrual TDRs on nonaccrual Total Real estate - Commercial Other Sub-Total Real estate - Commercial Other Sub-Total (Dollars in thousands) Payment concession $ 12,235 $ 556 $ — $ 12,791 $ 3,840 $ 517 $ — $ 4,357 $ 17,148 Maturity / Amortization concession 2,189 20,053 3,387 25,629 1,207 3,158 1,550 5,915 31,544 Rate concession 13,684 5,024 — 18,708 8,473 80 176 8,729 27,437 Principal forgiveness — — — — — 15 — 15 15 Total $ 28,108 $ 25,633 $ 3,387 $ 57,128 $ 13,520 $ 3,770 $ 1,726 $ 19,016 $ 76,144 TDRs on accrual status are comprised of loans that were accruing at the time of restructuring and for which the Bank anticipates full repayment of both principal and interest under the restructured terms. TDRs that are on nonaccrual can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified. Sustained performance includes the periods prior to the modification if the prior performance met or exceeded the modified terms. TDRs on accrual status at December 31, 2016 were comprised of 20 commercial real estate loans totaling $25.1 million , 23 commercial business loans totaling $19.2 million and 19 consumer and other loans totaling $4.7 million . TDRs on accrual status at December 31, 2015 were comprised of 24 commercial real estate loans totaling $22.8 million , 28 commercial business loans totaling $19.8 million , and 4 consumer and other loans totaling $5.3 million . TDRs on accrual status at December 31, 2014 were comprised of 24 commercial real estate loans totaling $28.1 million , 30 commercial business loans totaling $25.6 million , and 3 consumer loans totaling $3.4 million . Management expects that the TDRs on accrual status as of December 31, 2016 , which were all performing in accordance with their restructured terms, will continue to comply with the restructured terms because of the reduced principal or interest payments on these loans. TDRs that were restructured at market interest rates and had sustained performance as agreed under the modified loan terms may be reclassified as non-TDRs after each year end but are still monitored for potential impairment. The Company has allocated $5.3 million , $5.7 million , and $5.7 million of specific reserves to TDRs as of December 31, 2016 , 2015 , and 2014 , respectively. As of December 31, 2016 , 2015 , and 2014 the Company did not have any outstanding commitments to extend additional funds to these borrowers. The following table presents loans by class modified as TDRs that occurred during the years ended December 31, 2016 , 2015 , and 2014 : For the year ended For the year ended For the year ended December 31, 2016 December 31, 2015 December 31, 2014 Number of Loans Pre-Modification Post-Modification Number of Loans Pre-Modification Post-Modification Number of Loans Pre-Modification Post-Modification (Dollars in thousands) Legacy Loans: Real estate - Residential — $ — $ — — $ — $ — — $ — $ — Real estate - Commercial Retail — — — 2 750 733 2 645 618 Hotel & Motel — — — — — — — — — Gas Station & Car Wash — — — 2 383 351 — — — Mixed Use — — — 2 437 407 — — — Industrial & Warehouse — — — — — — 2 783 821 Other 3 1,675 6,824 2 1,762 1,700 2 327 350 Real estate - Construction — — — — — — — — — Commercial business 12 12,311 7,413 18 9,171 13,234 19 18,143 17,219 Trade Finance — — — 2 7,623 2,208 3 3,156 4,053 Consumer and Other 1 — 91 1 248 237 — — — Subtotal 16 $ 13,986 $ 14,328 29 $ 20,374 $ 18,870 28 $ 23,054 $ 23,061 Acquired Loans: Real estate - Residential — $ — $ — — $ — $ — — — — Real estate - Commercial Retail 1 1,377 1,335 — — — 2 1,075 1,035 Hotel & Motel — — — — — — — — — Gas Station & Car Wash — — — — — — 1 794 727 Mixed Use — — — 3 425 416 — — — Industrial & Warehouse — — — — — — 1 75 74 Other — — — — — — 2 1,356 1,300 Real estate - Construction — — — — — — — — — Commercial business 1 13 11 1 56 13 6 426 142 Trade Finance — — — — — — — — — Consumer and Other 1 30 25 1 115 104 1 195 180 Subtotal 3 $ 1,420 $ 1,371 5 $ 596 $ 533 13 $ 3,921 $ 3,458 Total 19 $ 15,406 $ 15,699 34 $ 20,970 $ 19,403 41 $ 26,975 $ 26,519 The specific reserves for the TDRs described above as of December 31, 2016 , 2015 , and 2014 were $1.2 million , $2.9 million , and $2.4 million , respectively, and the charge offs for the years ended December 31, 2016 , 2015 , 2014 and were $4 thousand , $42 thousand , and $3.3 million respectively. The following table presents loans by class for TDRs that have been modified within the previous twelve months and have subsequently had a payment default during the years ended December 31, 2016 , 2015 , and 2014 : December 31, 2016 December 31, 2015 December 31, 2014 Number of Loans Balance Number of Loans Balance Number of Balance (Dollars in thousands) Legacy Loans: Real estate - Commercial Retail — $ — — $ — — $ — Hotel & Motel — — — — — — Gas Station & Car Wash — — 1 121 — — Mixed Use — — 1 103 — — Industrial & Warehouse — — — — 1 21 Other — — 1 307 — — Commercial Business 4 580 4 2,091 2 14 Consumer and Other — — — — — — Subtotal 4 $ 580 7 $ 2,622 3 $ 35 Acquired Loans: Real estate - Commercial Retail — $ — — $ — 1 $ 121 Hotel & Motel — — — — — — Mixed Use — — 1 63 — — Gas Station & Car Wash — — — — — — Industrial & Warehouse — — — — — — Other — — — — — — Commercial Business 1 11 — — 3 118 Consumer and Other 1 25 1 104 — — Subtotal 2 $ 36 2 $ 167 4 $ 239 Total 6 $ 616 9 $ 2,789 7 $ 274 A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. The specific reserves for the TDRs described above as of December 31, 2016 , 2015 , and 2014 were $371 thousand , $303 thousand , and $0 respectively, and the charge offs for the years ended December 31, 2016 , 2015 , and 2014 were $4 thousand , $0 , and $125 thousand respectively. The four Legacy Loans that subsequently defaulted in 2016 were modified through payment concessions or maturity concessions. The payment concessions were comprised of three Commercial Business loans totaling $490 thousand . The maturity concession was comprised of one Commercial Business loan totaling $90 thousand . The two Acquired Loans that subsequently defaulted in 2016 were modified through payment concession or maturity concession. The payment concession was comprised of one Consumer and other loan totaling $11 thousand . There was one Consumer and other loan totaling $25 thousand modified through a maturity concession. The seven Legacy Loans that subsequently defaulted in 2015 were modified through payment concessions or maturity concessions. The payment concessions were comprised of one Real Estate loan totaling $121 thousand and four Commercial Business loans totaling $2.1 million . The maturity concessions were comprised of two Real Estate loans totaling $410 thousand . The two Acqu |