Loans and Allowance for Loan Losses | 3. Loans and Allowance for Loan Losses Loans, net of unearned income, consisted of the following. (in thousands) September 30, December 31, Originated loans: Commercial non-real estate $ 6,232,310 $ 5,917,728 Construction and land development 1,068,895 1,073,964 Commercial real estate 2,956,354 2,428,195 Residential mortgages 1,843,756 1,704,770 Consumer 1,976,872 1,685,542 Total originated loans $ 14,078,187 $ 12,810,199 Acquired loans: Commercial non-real estate $ 107,985 $ 120,137 Construction and land development 8,297 21,123 Commercial real estate 352,896 688,045 Residential mortgages 819 2,378 Consumer 22 985 Total acquired loans $ 470,019 $ 832,668 FDIC acquired loans: Commercial non-real estate $ 5,699 $ 6,195 Construction and land development 8,393 11,674 Commercial real estate 18,136 27,808 Residential mortgages 169,214 187,033 Consumer 13,402 19,699 Total FDIC acquired loans $ 214,844 $ 252,409 Total loans: Commercial non-real estate $ 6,345,994 $ 6,044,060 Construction and land development 1,085,585 1,106,761 Commercial real estate 3,327,386 3,144,048 Residential mortgages 2,013,789 1,894,181 Consumer 1,990,296 1,706,226 Total loans $ 14,763,050 $ 13,895,276 The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category. Originated loans Loans reported as “originated” include both loans and leases originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured. Acquired loans Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. At the time of the Whitney acquisition, the Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value for purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30. Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio. The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment. FDIC acquired loans and the related loss share receivable Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (“Peoples First”) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pools with the remainder reflected as an increase in the loss share receivable’s amortization rate. The loss share receivable serves to offset the impact on provision due to impairments or impairment reversals that occur as a result of changes in loss estimates on the underlying covered loan pools. The excess (or shortfall) of expected claims compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of an increase in the loss share receivable’s amortization rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets. The following schedule shows activity in the loss share receivable for the nine months ended September 30, 2015 and 2014. Nine Months Ended (in thousands) September 30, September 30, Balance, January 1 $ 60,272 $ 113,834 Amortization (4,034 ) (9,989 ) Charge-offs, write-downs and other recoveries (6,733 ) (793 ) External expenses qualifying under loss share agreement 1,035 3,325 Changes due to changes in cash flow projections (1,984 ) (14,569 ) FDIC resolution of denied claims (1,854 ) (10,268 ) Net payments (from) to FDIC (14,667 ) 366 Ending balance $ 32,035 $ 81,906 The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019. The following schedule shows activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period. (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 Originated loans Allowance for loan losses: Beginning balance $ 50,258 $ 5,413 $ 16,544 $ 8,051 $ 17,435 $ 97,701 Charge-offs (3,068 ) (1,483 ) (1,128 ) (1,451 ) (10,431 ) (17,561 ) Recoveries 2,589 2,006 635 578 3,418 9,226 Net provision for loan losses 13,594 (289 ) 825 283 10,119 24,532 Ending balance $ 63,373 $ 5,647 $ 16,876 $ 7,461 $ 20,541 $ 113,898 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,737 $ 96 $ 3 $ 8,445 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,232,310 $ 1,068,895 $ 2,956,354 $ 1,843,756 $ 1,976,872 $ 14,078,187 Individually evaluated for impairment 75,345 2,053 31,478 903 157 109,936 Collectively evaluated for impairment 6,156,965 1,066,842 2,924,876 1,842,853 1,976,715 13,968,251 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 477 $ — $ — $ 477 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (304 ) — — (304 ) Ending balance $ — $ — $ 173 $ — $ — $ 173 Ending balance: Individually evaluated for impairment $ — $ — $ 173 $ — $ — $ 173 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 107,985 $ 8,297 $ 352,896 $ 819 $ 22 $ 470,019 Individually evaluated for impairment — — 2,507 — — 2,507 Acquired-impaired loans 7,459 7,943 18,818 819 22 35,061 Collectively evaluated for impairment 100,526 354 331,571 — — 432,451 (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 FDIC acquired loans Allowance for loan losses: Beginning balance $ 911 $ 1,008 $ 4,061 $ 20,609 $ 3,995 $ 30,584 Charge-offs (1,425 ) (406 ) (2,732 ) (748 ) (140 ) (5,451 ) Recoveries 1,699 896 957 5 185 3,742 Net provision for loan losses (950 ) 235 (620 ) 1,181 (1,232 ) (1,386 ) Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 549 $ 1,727 $ 2,189 $ 18,329 $ 2,711 $ 25,505 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 5,699 $ 8,393 $ 18,136 $ 169,214 $ 13,402 $ 214,844 Individually evaluated for impairment — — — — — — Acquired-impaired loans 5,699 8,393 18,136 169,214 13,402 214,844 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 51,169 $ 6,421 $ 21,082 $ 28,660 $ 21,430 $ 128,762 Charge-offs (4,493 ) (1,889 ) (3,860 ) (2,199 ) (10,571 ) (23,012 ) Recoveries 4,288 2,902 1,592 583 3,603 12,968 Net provision for loan losses 12,644 (54 ) (99 ) 1,464 8,887 22,842 Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 63,922 $ 7,374 $ 19,238 $ 25,790 $ 23,252 $ 139,576 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,910 $ 96 $ 3 $ 8,618 Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,345,994 $ 1,085,585 $ 3,327,386 $ 2,013,789 $ 1,990,296 $ 14,763,050 Individually evaluated for impairment 75,345 2,053 33,985 903 157 112,443 Acquired-impaired loans 13,158 16,336 36,954 170,033 13,424 249,905 Collectively evaluated for impairment 6,257,491 1,067,196 3,256,447 1,842,853 1,976,715 14,400,702 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 Originated loans Allowance for loan losses: Beginning balance $ 33,091 $ 6,180 $ 20,649 $ 6,892 $ 12,073 $ 78,885 Charge-offs (4,690 ) (2,615 ) (2,255 ) (1,793 ) (11,920 ) (23,273 ) Recoveries 2,118 1,220 1,231 501 3,722 8,792 Net provision for loan losses 3,929 2,151 (3,231 ) 3,647 10,921 17,417 Ending balance $ 34,448 $ 6,936 $ 16,394 $ 9,247 $ 14,796 $ 81,821 Ending balance: Individually evaluated for impairment $ 24 $ 250 $ 98 $ 382 $ — $ 754 Collectively evaluated for impairment 34,424 6,686 16,296 8,865 14,796 81,067 Loans: Ending balance: $ 4,806,740 $ 974,442 $ 2,245,855 $ 1,635,462 $ 1,623,069 $ 11,285,568 Individually evaluated for impairment 5,582 6,617 14,486 2,712 — 29,397 Collectively evaluated for impairment 4,801,158 967,825 2,231,369 1,632,750 1,623,069 11,256,171 Acquired loans Allowance for loan losses: Beginning balance $ 1,603 $ 10 $ 34 $ — $ — $ 1,647 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses 5,800 1,436 57 (4 ) 182 7,471 Ending balance $ 7,403 $ 1,446 $ 91 $ (4 ) $ 182 $ 9,118 Ending balance: Individually evaluated for impairment $ 92 $ 426 $ 46 $ — $ — $ 564 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment 7,311 1,020 45 (4 ) 182 8,554 Loans: Ending balance: $ 769,226 $ 110,294 $ 813,429 $ 37,739 $ 51,488 $ 1,782,176 Individually evaluated for impairment 931 2,284 458 28 — 3,701 Acquired-impaired loans 4,064 19,200 27,392 5,038 143 55,837 Collectively evaluated for impairment 764,231 88,810 785,579 32,673 51,345 1,722,638 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 FDIC acquired loans Allowance for loan losses: Beginning balance $ 2,323 $ 2,655 $ 10,929 $ 27,989 $ 9,198 $ 53,094 Charge-offs (176 ) (350 ) (4,480 ) (677 ) (1,192 ) (6,875 ) Recoveries 467 1,504 1,408 1 370 3,750 Net provision for loan losses (79 ) (138 ) (125 ) (257 ) (167 ) (766 ) (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 1,028 $ 1,267 $ 5,314 $ 22,183 $ 4,841 $ 34,633 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 11,171 $ 11,166 $ 41,550 $ 185,289 $ 31,654 $ 280,830 Individually evaluated for impairment — — — — — — Acquired-impaired loans 11,171 11,166 41,550 185,289 31,654 280,830 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 37,017 $ 8,845 $ 31,612 $ 34,881 $ 21,271 $ 133,626 Charge-offs (4,866 ) (2,965 ) (6,735 ) (2,470 ) (13,112 ) (30,148 ) Recoveries 2,585 2,724 2,639 502 4,092 12,542 Net provision for loan losses 9,650 3,449 (3,299 ) 3,386 10,936 24,122 (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 42,879 $ 9,649 $ 21,799 $ 31,426 $ 19,819 $ 125,572 Ending balance: Individually evaluated for impairment $ 116 $ 676 $ 144 $ 382 $ — $ 1,318 Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment 41,735 7,706 16,341 8,861 14,978 89,621 Loans: Ending balance: $ 5,587,137 $ 1,095,902 $ 3,100,834 $ 1,858,490 $ 1,706,211 $ 13,348,574 Individually evaluated for impairment 6,513 8,901 14,944 2,740 — 33,098 Acquired-impaired loans 15,235 30,366 68,942 190,327 31,797 336,667 Collectively evaluated for impairment 5,565,389 1,056,635 3,016,948 1,665,423 1,674,414 12,978,809 The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below. September 30, December 31, (in thousands) 2015 2014 Originated loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 6,462 Commercial real estate 36,367 22,047 Residential mortgages 21,750 21,702 Consumer 6,838 5,574 Total originated loans $ 163,930 $ 71,296 Acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate 3,015 6,139 Residential mortgages — — Consumer — — Total acquired loans $ 3,015 $ 6,139 FDIC acquired loans: Commercial non-real estate $ — $ — Construction and land development — 1,103 Commercial real estate — 433 Residential mortgages — 392 Consumer — 174 Total FDIC acquired loans $ — $ 2,102 Total loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 7,565 Commercial real estate 39,382 28,619 Residential mortgages 21,750 22,094 Consumer 6,838 5,748 Total loans $ 166,945 $ 79,537 Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $4.9 million and $7.0 million at September 30, 2015 and December 31, 2014, respectively. Total TDRs, both accruing and nonaccruing, were $10.7 million as of September 30, 2015 and $16.0 million at December 31, 2014. The table below details TDRs that were modified during the nine months ended September 30, 2015 and September 30, 2014 by portfolio segment. Nine Months Ended (in thousands) September 30, 2015 September 30, 2014 Troubled Debt Restructurings: Number of Pre-Modification Post-Modification Number of Pre-Modification Post-Modification Originated loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total originated loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 Acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total acquired loans — $ — $ — — $ — $ — FDIC acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total FDIC acquired loans — $ — $ — — $ — $ — Total loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 No TDRs that subsequently defaulted within twelve months of modification were recorded in the nine months ended September 30, 2015. For the nine months ended September 30, 2014, one originated commercial non-real estate loan with a recorded investment of $0.9 million subsequently defaulted within twelve months of notification. The tables below present loans that are individually evaluated for impairment disaggregated by class at September 30, 2015 and December 31, 2014. Loans individually evaluated for impairment include TDRs and loans that are determined to be impaired and have aggregate relationship balances of $1 million or more. September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Originated loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 18,533 18,536 2,737 12,143 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 62,542 65,381 8,445 33,874 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 31,478 33,488 2,737 23,161 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total originated loans $ 109,936 $ 115,287 $ 8,445 $ 61,431 $ 191 Acquired loans: With an allowance recorded: Commercial non-real estate $ — $ — $ — $ — $ — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — 2,507 2,522 173 2,580 — Total: Commercial non-real estate — — — — — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — Total acquired loans $ 2,507 $ 2,522 $ 173 $ 2,580 $ — September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Total loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 21,040 21,058 2,910 14,723 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 65,049 67,903 8,618 36,454 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 33,985 36,010 2,910 25,741 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total loans $ 112,443 $ 117,809 $ 8,618 $ 64,011 $ 191 December 31, 2014 (in thousands) Recorded Unpaid Related Average Interest Originated loans: With no related allowance recorded: Commercial non-real estate $ 3,003 $ 3,646 $ — $ 1,209 $ 51 Construction and land development 3,345 6,486 — 3,330 142 Commercial real estate 8,467 10,575 — 8,461 331 Residential mortgages — — — 88 3 Consumer — — — — — 14,815 20,707 — 13,088 527 With an allowance recorded: Commercial non-real estate 984 984 14 5,522 99 Construction and land development 4,905 4,906 19 6,660 137 Commercial real estate 3,654 3,654 11 7,500 109 Residential mortgages 2,656 3,311 330 2,204 50 Consumer 6 6 3 1 — 12,205 12,861 377 21,887 395 Total: Commercial non-real estate 3,987 4,630 14 6,732 150 Construction and land development 8,250 11,392 19 9,990 279 Commercial real estate 12,121 14,229 11 15,961 439 Residential mortgages 2,656 3,311 330 2,292 53 Consumer 6 6 3 1 — Total originated loans $ 27,020 $ 33,568 $ 377 $ 34,976 $ 921 Acquired loans: With no related allowance recorded: Commercial non-real estate $ — $ — $ — $ 357 $ — Construction and land development — — — 121 — Commercial real estate — — — 311 — Residential mortgages — — — 88 — Consumer — — — — — — — — 877 — With an allowance recorded: Commercial non-real estate — — — 1,059 122 Construction and land development — — — 1,037 56 Commercial real estate 2,691 2,720 477 1,357 75 Residential mortgages — — — — — Consumer — — — — — 2,691 2,720 477 3,453 253 Total: Commercial non-real estate — — — 1,416 122 Construction and land development — — — 1,158 56 Commercial real estate 2,691 2,720 477 1,668 75 Residential mortgages — — — 88 — Consumer — — — — — Total acquired loans $ 2,691 $ 2,720 $ 477 $ 4,330 $ 253 December 31, 2014 (in thousands) Recorded Unpaid Related Average Interest Total loans: With no related allowance recorded: Commercial non-real estate $ 3,003 $ 3,646 $ — $ 1,566 $ 51 Construction and land development 3,345 6,486 — 3,451 142 Commercial real estate 8,467 10,575 — 8,772 331 Residential mortgages — — — 176 3 Consumer — — — — — 14,815 20,707 — 13,965 527 With an allowance recorded: Commercial non-real estate 984 984 14 6,581 221 Construction and land development 4,905 4,906 19 7,697 193 Commercial real estate 6,345 6,374 488 8,857 184 Residential mortgages 2,656 3,311 330 2,204 50 Consumer 6 6 3 1 — 14,896 15,581 854 25,340 648 Total: Commercial non-real estate 3,987 4,630 14 8,147 272 Construction and land development 8,250 11,392 19 11,148 335 Commercial real estate 14,812 16,949 488 17,629 515 Residential mortgages 2,656 3,311 330 2,380 53 Consumer 6 6 3 1 — Total loans $ 29,711 $ 36,288 $ 854 $ 39,305 $ 1,175 The tables below present the age analysis of past due loans at September 30, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans accounted for in pools with an accretable yield are considered to be current. September 30, 2015 30-59 days 60-89 days Greater than past due Total past due Current Total Loans Recorded (in thousands) Originated loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,202,936 $ 6,232,310 $ 878 Construction and land development 2,489 602 4,471 7,562 1,061,333 1,068,895 1,700 Commercial real estate 5,823 3,572 16,289 25,684 2,930,670 2,956,354 1,773 Residential mortgages 25,525 4,619 9,669 39,813 1,803,943 1,843,756 46 Consumer 13,037 5,490 5,271 23,798 1,953,074 1,976,872 1,350 Total $ 66,172 $ 17,554 $ 42,505 $ 126,231 $ 13,951,956 $ 14,078,187 $ 5,747 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 107,985 $ 107,985 $ — Construction and land development — — — — 8,297 8,297 — Commercial real estate 744 428 445 1,617 351,279 352,896 129 Residential mortgages — — — — 819 819 — Consumer — — — — 22 22 — Total $ 744 $ 428 $ 445 $ 1,617 $ 468,402 $ 470,019 $ 129 FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,699 $ 5,699 $ — Construction and land development — — — — 8,393 8,393 — Commercial real estate — — — — 18,136 18,136 — Residential mortgages — — — — 169,214 169,214 — Consumer — — — — 13,402 13,402 — Total $ — $ — $ — $ — $ 214,844 $ 214,844 $ — Total loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,316,620 $ 6,345,994 $ 878 Construction and land development 2,489 602 4,471 7,562 1,078,023 1,085,585 1,700 Commercial real estate 6,567 4,000 16,734 27,301 3,300,085 3,327,386 1,902 Residential mortgages 25,525 4,619 9,669 39,813 1,973,976 2,013,789 46 Consumer 13,037 5,490 5,271 23,798 1,966,498 1,990,296 1,350 Total $ 66,916 $ 17,982 $ 42,950 $ 127,848 $ 14,635,202 $ 14,763,050 $ 5,876 December 31, 2014 30-59 days 60-89 days Greater than Total past due Current Total Loans Recorded (in thousands) Originated loans: Commercial non-real estate $ 4,380 $ 1,742 $ 8,560 $ 14,682 $ 5,903,046 $ 5,917,728 $ 630 Construction and land development 6,620 1,532 4,453 12,605 1,061,359 1,073,964 142 Commercial real estate 6,527 2,964 13,234 22,725 2,405,470 2,428,195 696 Residential mortgages 14,730 3,261 11,208 29,199 1,675,571 1,704,770 1,199 Consumer 8,422 2,450 4,365 15,237 1,670,305 1,685,542 1,897 Total $ 40,679 $ 11,949 $ 41,820 $ 94,448 $ 12,715,751 $ 12,810,199 $ 4,564 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 120,137 $ 120,137 $ — Construction and land development 111 — — 111 21,012 21,123 — Commercial real estate 3,861 282 1,591 5,734 682,311 688,045 261 Residential mortgages — — — — 2,378 2,378 — Consumer — — — — 985 985 — Total $ 3,972 $ 282 $ 1,591 $ 5,845 $ 826,823 $ 832,668 $ 261 FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 6,195 $ 6,195 $ — Construction and land development — — 1,103 1,103 10,571 11,674 — Commercial real estate — — 433 433 27,375 27,808 — Residential mortgages — 272 — 272 186,761 187,033 — Consumer 1 — 34 35 19,664 19,699 — Total $ 1 $ 272 $ 1,570 $ 1,843 $ 250,566 $ 252,409 $ — Total loans: Commercial non-real estate $ 4,380 $ 1,742 $ 8,560 $ 14,682 $ 6,029,378 $ 6,044,060 $ 630 Construction and land development 6,731 1,532 5,556 13,819 1,092,942 1,106,761 142 Commercial real estate 10,388 3,246 15,258 28,892 3,115,156 3,144,048 957 Residential mortgages 14,730 3,533 11,208 29,471 1,864,710 1,894,181 1,199 Consumer 8,423 2,450 4,399 15,272 1,690,954 1,706,226 1,897 Total $ 44,652 $ 12,503 $ 44,981 $ 102,136 $ 13,793,140 $ 13,895,276 $ 4,825 The following tables present the credit quality indicators of the Company’s various classes of loans at September 30, 2015 and December 31, 2014. Commercial Non-Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 5,531,569 $ 100,836 $ 2,201 $ 5,634,606 $ 5,577,827 $ 111,847 $ 2,027 $ 5,691,701 Pass-Watch 134,860 76 883 135,819 174,742 715 1,120 176,577 Special Mention 225,228 328 — 225,556 52,962 350 — 53,312 Substandard 340,618 6,745 2,615 349,978 112,153 7,225 3,017 122,395 Doubtful 35 — — 35 44 — 31 75 Total $ 6,232,310 $ 107,985 $ 5,699 $ 6,345,994 $ 5,917,728 $ 120,137 $ 6,195 $ 6,044,060 Construction Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 1,020,611 $ 1,354 $ 2,238 $ 1,024,203 $ 1,012,128 $ 14,377 $ 2,468 $ 1,028,973 Pass-Watch 3,038 2,324 947 6,309 21,516 432 532 22,480 Special Mention 11,612 — 286 11,898 7,097 129 319 7,545 Substandard 33,634 4,619 4,922 43,175 33,223 6,185 8,355 47,763 Total $ 1,068,895 $ 8,297 $ 8,393 $ 1,085,585 $ 1,073,964 $ 21,123 $ 11,674 $ 1,106,761 Commercial Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 2,769,860 $ 328,821 $ 3,298 $ 3,101,979 $ 2,241,391 $ 641,966 $ 4,139 $ 2,887,496 Pass-Watch 41,344 5,247 2,585 49,176 61,589 11,142 4,547 77,278 Special Mention 42,674 5,373 1,433 49,480 21,543 8,113 1,319 30,975 Substandard 102,459 13,455 10,820 126,734 103,651 26,824 17,803 148,278 Doubtful 17 — — 17 21 — — 21 Total $ 2,956,354 $ 352,896 $ 18,136 $ 3,327,386 $ 2,428,195 $ 688,045 $ 27,808 $ 3,144,048 Residential Mortgage Credit Exposure Credit Risk Profile Based on Payment Activity and Accrual Status (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,821,959 $ 819 $ 169,214 $ 1,991,992 $ 1,681,868 $ 2,378 $ 186,641 $ 1,870,887 Nonperforming 21,797 — — 21,797 22,902 — 392 23,294 Total $ 1,843,756 $ 819 $ 169,214 $ 2,013,789 $ 1,704,770 $ 2,378 $ 187,033 $ 1,894,181 Consumer Credit Exposure Credit Risk Profile Based on Payment Activity and Accrual Status (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,968,684 $ 22 $ 13,402 $ 1,982,108 $ 1,678,069 $ 985 $ 19,525 $ 1,698,579 Nonperforming 8,188 — — 8,188 7,473 — 174 7,647 Total $ 1,976,872 $ 22 $ 13,402 $ 1,990,296 $ 1,685,542 $ |