Loans | NOTE 4 LOANS: During 2015, the Corporation reclassified all closed end first lien home equity loans to residential mortgage loans in order to better align with the Corporation's regulatory reporting of residential mortgage loan products. All prior periods have been restated to reflect this change. As a result, the restated home equity loan portfolio is $1.1 billion for December 31, 2014, compared to the originally reported amount of $1.6 billion . Similarly, the restated residential mortgage loan portfolio is $5.1 billion for December 31, 2014, compared to the originally reported amount of $4.5 billion . Loans at December 31 are summarized below. 2015 2014 ($ in Thousands) Commercial and industrial $ 6,147,440 $ 5,905,902 Commercial real estate — owner occupied 918,212 1,007,937 Lease financing 43,243 51,529 Commercial and business lending 7,108,895 6,965,368 Commercial real estate — investor 3,234,266 3,056,485 Real estate construction 1,162,145 1,008,956 Commercial real estate lending 4,396,411 4,065,441 Total commercial 11,505,306 11,030,809 Home equity 1,005,802 1,051,927 Installment and credit cards 419,968 454,219 Residential mortgage 5,783,267 5,056,891 Total consumer 7,209,037 6,563,037 Total loans $ 18,714,343 $ 17,593,846 The Corporation has granted loans to their directors, executive officers, or their related interests. These loans were made on substantially the same terms, including rates and collateral, as those prevailing at the time for comparable transactions with other unrelated customers, and do not involve more than a normal risk of collection. These loans to related parties are summarized below. 2015 ($ in Thousands) Balance at beginning of year $ 74,420 New loans 14,840 Repayments (19,990 ) Changes due to status of executive officers and directors (32,673 ) Balance at end of year $ 36,597 A summary of the changes in the allowance for credit losses for the years indicated was as follows. 2015 2014 2013 ($ in Thousands) Allowance for Loan Losses: Balance at beginning of year $ 266,302 $ 268,315 $ 297,409 Provision for loan losses 38,000 13,000 10,000 Charge offs (52,280 ) (44,096 ) (88,061 ) Recoveries 22,242 29,083 48,967 Net charge offs (30,038 ) (15,013 ) (39,094 ) Balance at end of year $ 274,264 $ 266,302 $ 268,315 Allowance for Unfunded Commitments: Balance at beginning of year $ 24,900 $ 21,900 $ 21,800 Provision for unfunded commitments (500 ) 3,000 100 Balance at end of year $ 24,400 $ 24,900 $ 21,900 Allowance for Credit Losses $ 298,664 $ 291,202 $ 290,215 The allowance for credit losses is comprised of the allowance for loan losses and the allowance for unfunded commitments. The level of the allowance for loan losses represents management’s estimate of an amount appropriate to provide for probable credit losses in the loan portfolio at the balance sheet date. The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated probable losses related to unfunded credit facilities (including unfunded loan commitments and letters of credit) and is included in accrued expenses and other liabilities on the consolidated balance sheets. See Note 1 for the Corporation’s accounting policy for the allowance for loan losses and the allowance for unfunded commitments. See Note 16 for additional information on the allowance for unfunded commitments. A summary of the changes in the allowance for loan losses by portfolio segment for the year ended December 31, 2015 , was as follows. $ in Thousands Commercial and industrial Commercial real estate — owner occupied Lease financing Commercial real estate — investor Real estate construction Home equity Installment and credit cards Residential mortgage Total Balance at Dec 31, 2014 $ 116,025 $ 16,510 $ 1,610 $ 46,333 $ 20,999 $ 26,464 $ 6,435 $ 31,926 $ 266,302 Provision for loan losses 30,861 3,894 (671 ) (2,827 ) 2,749 906 2,194 894 38,000 Charge offs (27,687 ) (2,645 ) — (4,645 ) (750 ) (7,048 ) (3,869 ) (5,636 ) (52,280 ) Recoveries 9,795 921 26 4,157 2,268 3,233 765 1,077 22,242 Balance at Dec 31, 2015 $ 128,994 $ 18,680 $ 965 $ 43,018 $ 25,266 $ 23,555 $ 5,525 $ 28,261 $ 274,264 Allowance for loan losses: Ending balance impaired loans individually evaluated for impairment $ 7,522 $ — $ — $ 229 $ — $ 46 $ — $ 166 $ 7,963 Ending balance impaired loans collectively evaluated for impairment $ 640 $ 448 $ — $ 1,602 $ 453 $ 10,072 $ 195 $ 12,296 $ 25,706 Total impaired loans $ 8,162 $ 448 $ — $ 1,831 $ 453 $ 10,118 $ 195 $ 12,462 $ 33,669 Ending balance all other loans collectively evaluated for impairment $ 120,832 $ 18,232 $ 965 $ 41,187 $ 24,813 $ 13,437 $ 5,330 $ 15,799 $ 240,595 Total $ 128,994 $ 18,680 $ 965 $ 43,018 $ 25,266 $ 23,555 $ 5,525 $ 28,261 $ 274,264 Loans: Ending balance impaired loans individually evaluated for impairment $ 89,935 $ 6,221 $ 1,634 $ 5,460 $ — $ 1,281 $ — $ 6,956 $ 111,487 Ending balance impaired loans collectively evaluated for impairment $ 31,299 $ 9,705 $ — $ 25,098 $ 1,450 $ 21,032 $ 1,154 $ 64,396 $ 154,134 Total impaired loans $ 121,234 $ 15,926 $ 1,634 $ 30,558 $ 1,450 $ 22,313 $ 1,154 $ 71,352 $ 265,621 Ending balance all other loans collectively evaluated for impairment $ 6,026,206 $ 902,286 $ 41,609 $ 3,203,708 $ 1,160,695 $ 983,489 $ 418,814 $ 5,711,915 $ 18,448,722 Total $ 6,147,440 $ 918,212 $ 43,243 $ 3,234,266 $ 1,162,145 $ 1,005,802 $ 419,968 $ 5,783,267 $ 18,714,343 At December 31, 2015 , $42 million of the commercial and industrial allowance for loan losses was attributable to Oil and Gas related credits, compared to $17 million at December 31, 2014. This allocated allowance for loan losses represented 5.58% and 2.26% of period end Oil and Gas related loans at December 31, 2015 and December 31, 2014, respectively. The total allowance for loan losses is available to absorb losses from any segment of the loan portfolio. For comparison purposes, a summary of the changes in the allowance for loan losses by portfolio segment for the year ended December 31, 2014 , was as follows. $ in Thousands Commercial and industrial Commercial real estate — owner occupied Lease financing Commercial real estate — investor Real estate construction Home equity Installment and credit cards Residential mortgage Total Balance at Dec 31, 2013 $ 104,501 $ 19,476 $ 1,607 $ 58,156 $ 23,418 $ 27,932 $ 2,416 $ 30,809 $ 268,315 Provision for loan losses 14,767 (1,296 ) 35 (17,290 ) (1,277 ) 6,278 6,279 5,504 13,000 Charge offs (14,633 ) (3,476 ) (39 ) (4,529 ) (1,958 ) (10,946 ) (2,876 ) (5,639 ) (44,096 ) Recoveries 11,390 1,806 7 9,996 816 3,200 616 1,252 29,083 Balance at Dec 31, 2014 $ 116,025 $ 16,510 $ 1,610 $ 46,333 $ 20,999 $ 26,464 $ 6,435 $ 31,926 $ 266,302 Allowance for loan losses: Ending balance impaired loans individually evaluated for impairment $ 13,615 $ 1,490 $ 574 $ 1,649 $ 328 $ 11 $ — $ 199 $ 17,866 Ending balance impaired loans collectively evaluated for impairment $ 2,852 $ 1,731 $ — $ 1,938 $ 767 $ 11,371 $ 308 $ 13,598 $ 32,565 Total impaired loans $ 16,467 $ 3,221 $ 574 $ 3,587 $ 1,095 $ 11,382 $ 308 $ 13,797 $ 50,431 Ending balance all other loans collectively evaluated for impairment $ 99,558 $ 13,289 $ 1,036 $ 42,746 $ 19,904 $ 15,082 $ 6,127 $ 18,129 $ 215,871 Total $ 116,025 $ 16,510 $ 1,610 $ 46,333 $ 20,999 $ 26,464 $ 6,435 $ 31,926 $ 266,302 Loans: Ending balance impaired loans individually evaluated for impairment $ 45,118 $ 20,731 $ 1,801 $ 19,683 $ 3,776 $ 962 $ — $ 9,751 $ 101,822 Ending balance impaired loans collectively evaluated for impairment $ 38,437 $ 15,548 $ — $ 26,129 $ 2,350 $ 23,698 $ 1,587 $ 66,058 $ 173,807 Total impaired loans $ 83,555 $ 36,279 $ 1,801 $ 45,812 $ 6,126 $ 24,660 $ 1,587 $ 75,809 $ 275,629 Ending balance all other loans collectively evaluated for impairment $ 5,822,347 $ 971,658 $ 49,728 $ 3,010,673 $ 1,002,830 $ 1,027,267 $ 452,632 $ 4,981,082 $ 17,318,217 Total $ 5,905,902 $ 1,007,937 $ 51,529 $ 3,056,485 $ 1,008,956 $ 1,051,927 $ 454,219 $ 5,056,891 $ 17,593,846 The following table presents commercial loans by credit quality indicator at December 31, 2015 . Pass Special Mention Potential Problem Impaired Total ($ Thousands) Commercial and industrial $ 5,455,573 $ 339,953 $ 230,680 $ 121,234 $ 6,147,440 Commercial real estate — owner occupied 827,694 38,886 35,706 15,926 918,212 Lease financing 37,969 1,190 2,450 1,634 43,243 Commercial and business lending 6,321,236 380,029 268,836 138,794 7,108,895 Commercial real estate — investor 3,150,134 27,630 25,944 30,558 3,234,266 Real estate construction 1,156,524 252 3,919 1,450 1,162,145 Commercial real estate lending 4,306,658 27,882 29,863 32,008 4,396,411 Total commercial $ 10,627,894 $ 407,911 $ 298,699 $ 170,802 $ 11,505,306 The following table presents commercial loans by credit quality indicator at December 31, 2014 . Pass Special Mention Potential Problem Impaired Total ($ Thousands) Commercial and industrial $ 5,594,497 $ 119,328 $ 108,522 $ 83,555 $ 5,905,902 Commercial real estate — owner occupied 904,526 18,437 48,695 36,279 1,007,937 Lease financing 46,931 88 2,709 1,801 51,529 Commercial and business lending 6,545,954 137,853 159,926 121,635 6,965,368 Commercial real estate — investor 2,974,493 12,137 24,043 45,812 3,056,485 Real estate construction 998,972 2,082 1,776 6,126 1,008,956 Commercial real estate lending 3,973,465 14,219 25,819 51,938 4,065,441 Total commercial $ 10,519,419 $ 152,072 $ 185,745 $ 173,573 $ 11,030,809 The following table presents consumer loans by credit quality indicator at December 31, 2015 . Performing 30-89 Days Past Due Potential Problem Impaired Total ($ Thousands) Home equity $ 975,348 $ 7,919 $ 222 $ 22,313 $ 1,005,802 Installment and credit cards 416,944 1,870 — 1,154 419,968 Residential mortgage 5,704,189 4,930 2,796 71,352 5,783,267 Total consumer $ 7,096,481 $ 14,719 $ 3,018 $ 94,819 $ 7,209,037 The following table presents consumer loans by credit quality indicator at December 31, 2014 . Performing 30-89 Days Past Due Potential Problem Impaired Total ($ Thousands) Home equity $ 1,017,604 $ 8,783 $ 880 $ 24,660 $ 1,051,927 Installment and credit cards 450,698 1,932 2 1,587 454,219 Residential mortgage 4,972,455 4,846 3,781 75,809 5,056,891 Total consumer $ 6,440,757 $ 15,561 $ 4,663 $ 102,056 $ 6,563,037 Factors that are important to managing overall credit quality are sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, and appropriate allowance for loan losses, allowance for unfunded commitments, nonaccrual, and charge off policies. For commercial loans, management has determined the pass credit quality indicator to include credits that exhibit acceptable financial statements, cash flow, and leverage. If any risk exists, it is mitigated by the loan structure, collateral, monitoring, or control. For consumer loans, performing loans include credits that are performing in accordance with the original contractual terms. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Special mention credits have potential weaknesses that deserve management’s attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit. Potential problem loans are considered inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged. These loans generally have a well-defined weakness, or weaknesses, that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Lastly, management considers a loan to be impaired when it is probable that the Corporation will be unable to collect all amounts due according to the original contractual terms of the note agreement, including both principal and interest. Management has determined that commercial and consumer loan relationships that have nonaccrual status or have had their terms restructured in a troubled debt restructuring meet this impaired loan definition. Commercial loans classified as special mention, potential problem, and impaired are reviewed at a minimum on a quarterly basis, while pass and performing rated credits are reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted. See Note 1 for the Corporation’s accounting policy for loans. The following table presents loans by past due status at December 31, 2015 . 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due* Total Past Due Current Total ($ in Thousands) Accruing loans Commercial and industrial $ 602 $ 409 $ 249 $ 1,260 $ 6,054,239 $ 6,055,499 Commercial real estate — owner occupied 7,142 — — 7,142 903,021 910,163 Lease financing — — — — 41,609 41,609 Commercial and business lending 7,744 409 249 8,402 6,998,869 7,007,271 Commercial real estate — investor 291 — — 291 3,225,332 3,225,623 Real estate construction 270 26 — 296 1,160,909 1,161,205 Commercial real estate lending 561 26 — 587 4,386,241 4,386,828 Total commercial 8,305 435 249 8,989 11,385,110 11,394,099 Home equity 6,190 1,729 — 7,919 982,639 990,558 Installment and credit cards 1,195 675 1,399 3,269 416,374 419,643 Residential mortgage 4,491 439 — 4,930 5,726,855 5,731,785 Total consumer 11,876 2,843 1,399 16,118 7,125,868 7,141,986 Total accruing loans $ 20,181 $ 3,278 $ 1,648 $ 25,107 $ 18,510,978 $ 18,536,085 Nonaccrual loans Commercial and industrial $ 895 $ 16 $ 4,848 $ 5,759 $ 86,182 $ 91,941 Commercial real estate — owner occupied — 2,572 1,301 3,873 4,176 8,049 Lease financing — — — — 1,634 1,634 Commercial and business lending 895 2,588 6,149 9,632 91,992 101,624 Commercial real estate — investor 3,174 1,158 3,480 7,812 831 8,643 Real estate construction 133 61 427 621 319 940 Commercial real estate lending 3,307 1,219 3,907 8,433 1,150 9,583 Total commercial 4,202 3,807 10,056 18,065 93,142 111,207 Home equity 1,922 1,330 5,833 9,085 6,159 15,244 Installment and credit cards 47 39 151 237 88 325 Residential mortgage 3,984 5,251 17,950 27,185 24,297 51,482 Total consumer 5,953 6,620 23,934 36,507 30,544 67,051 Total nonaccrual loans** $ 10,155 $ 10,427 $ 33,990 $ 54,572 $ 123,686 $ 178,258 Total loans Commercial and industrial $ 1,497 $ 425 $ 5,097 $ 7,019 $ 6,140,421 $ 6,147,440 Commercial real estate — owner occupied 7,142 2,572 1,301 11,015 907,197 918,212 Lease financing — — — — 43,243 43,243 Commercial and business lending 8,639 2,997 6,398 18,034 7,090,861 7,108,895 Commercial real estate — investor 3,465 1,158 3,480 8,103 3,226,163 3,234,266 Real estate construction 403 87 427 917 1,161,228 1,162,145 Commercial real estate lending 3,868 1,245 3,907 9,020 4,387,391 4,396,411 Total commercial 12,507 4,242 10,305 27,054 11,478,252 11,505,306 Home equity 8,112 3,059 5,833 17,004 988,798 1,005,802 Installment and credit cards 1,242 714 1,550 3,506 416,462 419,968 Residential mortgage 8,475 5,690 17,950 32,115 5,751,152 5,783,267 Total consumer 17,829 9,463 25,333 52,625 7,156,412 7,209,037 Total loans $ 30,336 $ 13,705 $ 35,638 $ 79,679 $ 18,634,664 $ 18,714,343 * The recorded investment in loans past due 90 days or more and still accruing totaled $2 million at December 31, 2015 (the same as the reported balances for the accruing loans noted above). ** The percent of nonaccrual loans which are current was 69% at December 31, 2015 . The following table presents loans by past due status at December 31, 2014 . 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due* Total Past Due Current Total ($ in Thousands) Accruing loans Commercial and industrial $ 4,466 $ 10,281 $ 254 $ 15,001 $ 5,841,238 $ 5,856,239 Commercial real estate — owner occupied 8,429 2,199 — 10,628 971,484 982,112 Lease financing — — — — 49,728 49,728 Commercial and business lending 12,895 12,480 254 25,629 6,862,450 6,888,079 Commercial real estate — investor 712 496 — 1,208 3,032,592 3,033,800 Real estate construction 951 33 — 984 1,002,573 1,003,557 Commercial real estate lending 1,663 529 — 2,192 4,035,165 4,037,357 Total commercial 14,558 13,009 254 27,821 10,897,615 10,925,436 Home equity 6,988 1,795 52 8,835 1,026,641 1,035,476 Installment and credit cards 1,186 746 1,317 3,249 450,357 453,606 Residential mortgage 3,889 957 — 4,846 4,997,069 5,001,915 Total consumer 12,063 3,498 1,369 16,930 6,474,067 6,490,997 Total accruing loans $ 26,621 $ 16,507 $ 1,623 $ 44,751 $ 17,371,682 $ 17,416,433 Nonaccrual loans Commercial and industrial $ 872 $ 627 $ 10,154 $ 11,653 $ 38,010 $ 49,663 Commercial real estate — owner occupied 3,197 41 8,596 11,834 13,991 25,825 Lease financing — — 513 513 1,288 1,801 Commercial and business lending 4,069 668 19,263 24,000 53,289 77,289 Commercial real estate — investor 1,857 459 12,765 15,081 7,604 22,685 Real estate construction 87 73 798 958 4,441 5,399 Commercial real estate lending 1,944 532 13,563 16,039 12,045 28,084 Total commercial 6,013 1,200 32,826 40,039 65,334 105,373 Home equity 1,471 1,766 6,840 10,077 6,374 16,451 Installment and credit cards 96 39 141 276 337 613 Residential mortgage 5,172 3,193 23,492 31,857 23,119 54,976 Total consumer 6,739 4,998 30,473 42,210 29,830 72,040 Total nonaccrual loans** $ 12,752 $ 6,198 $ 63,299 $ 82,249 $ 95,164 $ 177,413 Total loans Commercial and industrial $ 5,338 $ 10,908 $ 10,408 $ 26,654 $ 5,879,248 $ 5,905,902 Commercial real estate — owner occupied 11,626 2,240 8,596 22,462 985,475 1,007,937 Lease financing — — 513 513 51,016 51,529 Commercial and business lending 16,964 13,148 19,517 49,629 6,915,739 6,965,368 Commercial real estate — investor 2,569 955 12,765 16,289 3,040,196 3,056,485 Real estate construction 1,038 106 798 1,942 1,007,014 1,008,956 Commercial real estate lending 3,607 1,061 13,563 18,231 4,047,210 4,065,441 Total commercial 20,571 14,209 33,080 67,860 10,962,949 11,030,809 Home equity 8,459 3,561 6,892 18,912 1,033,015 1,051,927 Installment and credit cards 1,282 785 1,458 3,525 450,694 454,219 Residential mortgage 9,061 4,150 23,492 36,703 5,020,188 5,056,891 Total consumer 18,802 8,496 31,842 59,140 6,503,897 6,563,037 Total loans $ 39,373 $ 22,705 $ 64,922 $ 127,000 $ 17,466,846 $ 17,593,846 * The recorded investment in loans past due 90 days or more and still accruing totaled $2 million at December 31, 2014 (the same as the reported balances for the accruing loans noted above). ** The percent of nonaccrual loans which are current was 54% at December 31, 2014 . The following table presents impaired loans at December 31, 2015 . Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized* ($ in Thousands) Loans with a related allowance Commercial and industrial $ 57,785 $ 59,409 $ 8,162 $ 46,833 $ 855 Commercial real estate — owner occupied 9,705 9,804 448 10,087 412 Lease financing — — — — — Commercial and business lending 67,490 69,213 8,610 56,920 1,267 Commercial real estate — investor 27,822 29,444 1,831 28,278 1,914 Real estate construction 1,450 2,154 453 1,667 66 Commercial real estate lending 29,272 31,598 2,284 29,945 1,980 Total commercial 96,762 100,811 10,894 86,865 3,247 Home equity 21,769 23,989 10,118 22,624 1,147 Installment and credit cards 1,154 1,225 195 1,199 30 Residential mortgage 66,590 71,084 12,462 68,183 2,374 Total consumer 89,513 96,298 22,775 92,006 3,551 Total loans $ 186,275 $ 197,109 $ 33,669 $ 178,871 $ 6,798 Loans with no related allowance Commercial and industrial $ 63,449 $ 70,625 $ — $ 77,666 $ 1,657 Commercial real estate — owner occupied 6,221 6,648 — 6,534 15 Lease financing 1,634 1,634 — 1,907 — Commercial and business lending 71,304 78,907 — 86,107 1,672 Commercial real estate — investor 2,736 2,840 — 2,763 90 Real estate construction — — — — — Commercial real estate lending 2,736 2,840 — 2,763 90 Total commercial 74,040 81,747 — 88,870 1,762 Home equity 544 544 — 544 30 Installment and credit cards — — — — — Residential mortgage 4,762 5,033 — 4,726 126 Total consumer 5,306 5,577 — 5,270 156 Total loans $ 79,346 $ 87,324 $ — $ 94,140 $ 1,918 Total Commercial and industrial $ 121,234 $ 130,034 $ 8,162 $ 124,499 $ 2,512 Commercial real estate — owner occupied 15,926 16,452 448 16,621 427 Lease financing 1,634 1,634 — 1,907 — Commercial and business lending 138,794 148,120 8,610 143,027 2,939 Commercial real estate — investor 30,558 32,284 1,831 31,041 2,004 Real estate construction 1,450 2,154 453 1,667 66 Commercial real estate lending 32,008 34,438 2,284 32,708 2,070 Total commercial 170,802 182,558 10,894 175,735 5,009 Home equity 22,313 24,533 10,118 23,168 1,177 Installment and credit cards 1,154 1,225 195 1,199 30 Residential mortgage 71,352 76,117 12,462 72,909 2,500 Total consumer 94,819 101,875 22,775 97,276 3,707 Total loans** $ 265,621 $ 284,433 $ 33,669 $ 273,011 $ 8,716 * Interest income recognized included $4 million of interest income recognized on accruing restructured loans for the year ended December 31, 2015 . ** The net recorded investment (defined as recorded investment, net of the related allowance) of the impaired loans represented 82% of the unpaid principal balance at December 31, 2015. The following table presents impaired loans at December 31, 2014 . Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized* ($ in Thousands) Loans with a related allowance Commercial and industrial $ 76,433 $ 80,414 $ 16,467 $ 80,004 $ 3,139 Commercial real estate — owner occupied 19,839 21,807 3,221 20,878 681 Lease financing 1,801 1,801 574 2,009 — Commercial and business lending 98,073 104,022 20,262 102,891 3,820 Commercial real estate — investor 36,841 40,869 3,587 38,657 1,250 Real estate construction 3,043 5,910 1,095 3,818 105 Commercial real estate lending 39,884 46,779 4,682 42,475 1,355 Total commercial 137,957 150,801 24,944 145,366 5,175 Home equity 23,874 26,585 11,382 25,087 1,257 Installment and credit cards 1,587 1,795 308 1,736 58 Residential mortgage 68,748 74,005 13,797 70,030 2,307 Total consumer 94,209 102,385 25,487 96,853 3,622 Total loans $ 232,166 $ 253,186 $ 50,431 $ 242,219 $ 8,797 Loans with no related allowance Commercial and industrial $ 7,122 $ 12,634 $ — $ 8,851 $ 82 Commercial real estate — owner occupied 16,440 19,019 — 17,970 219 Commercial and business lending 23,562 31,653 — 26,821 301 Commercial real estate — investor 8,971 14,036 — 10,014 133 Real estate construction 3,083 3,815 — 3,241 — Commercial real estate lending 12,054 17,851 — 13,255 133 Total commercial 35,616 49,504 — 40,076 434 Home equity 786 806 — 851 18 Installment and credit cards — — — — — Residential mortgage 7,061 7,315 — 7,224 135 Total consumer 7,847 8,121 — 8,075 153 Total loans $ 43,463 $ 57,625 $ — $ 48,151 $ 587 Total Commercial and industrial $ 83,555 $ 93,048 $ 16,467 $ 88,855 $ 3,221 Commercial real estate — owner occupied 36,279 40,826 3,221 38,848 900 Lease financing 1,801 1,801 574 2,009 — Commercial and business lending 121,635 135,675 20,262 129,712 4,121 Commercial real estate — investor 45,812 54,905 3,587 48,671 1,383 Real estate construction 6,126 9,725 1,095 7,059 105 Commercial real estate lending 51,938 64,630 4,682 55,730 1,488 Total commercial 173,573 200,305 24,944 185,442 5,609 Home equity 24,660 27,391 11,382 25,938 1,275 Installment and credit cards 1,587 1,795 308 1,736 58 Residential mortgage 75,809 81,320 13,797 77,254 2,442 Total consumer 102,056 110,506 25,487 104,928 3,775 Total loans** $ 275,629 $ 310,811 $ 50,431 $ 290,370 $ 9,384 * Interest income recognized included $5 million of interest income recognized on accruing restructured loans for the year ended December 31, 2014 . ** The net recorded investment (defined as recorded investment, net of the related allowance) of the impaired loans represented 72% of of the unpaid principal balance at December 31, 2014. Troubled Debt Restructurings (“Restructured Loans”): Loans are considered restructured loans if concessions have been granted to borrowers that are experiencing financial difficulty. See Note 1 for the Corporation’s accounting policy for troubled debt restructurings. As of December 31, 2015 , there was approximately $7 million of commitments to lend additional funds to borrowers with restructured loans. The following table presents nonaccrual and performing restructured loans by loan portfolio. December 31, 2015 December 31, 2014 December 31, 2013 Performing Restructured Loans Nonaccrual Restructured Loans* Performing Restructured Loans Nonaccrual Restructured Loans* Performing Restructured Loans Nonaccrual Restructured Loans* ($ in Thousands) Commercial and industrial $ 29,293 $ 1,714 $ 33,892 $ 3,260 $ 32,517 $ 6,900 Commercial real estate — owner occupied 7,877 2,703 10,454 5,656 13,009 10,999 Commercial real estate — investor 21,915 3,936 23,127 15,216 44,946 18,069 Real estate construction 510 177 727 2,438 3,793 2,065 Home equity 7,069 4,522 8,209 4,838 8,197 4,441 Installment and credit cards 829 40 974 199 246 451 Residential mortgage 19,870 24,592 20,833 26,049 21,277 16,660 $ 87,363 $ 37,684 $ 98,216 $ 57,656 $ 123,985 $ 59,585 * Nonaccrual restructured loans have been included within nonaccrual loans. The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio during the years ended December 31, 2015 , 2014 and 2013 , respectively, and the recorded investment and unpaid principal balance as of December 31, 2015 , 2014 and 2013 , respectively. Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Number of Loans Recorded Investment(1) Unpaid Principal Balance(2) Number of Loans Recorded Investment(1) Unpaid Principal Balance(2) Number of Loans Recorded Investment(1) Unpaid Principal Balance(2) ($ in Thousands) Commercial and industrial 12 $ 2,219 $ 2,900 15 $ 7,681 $ 7,711 48 $ 11,833 $ 14,543 Commercial real estate — owner occupied 5 3,694 3,901 4 1,465 1,625 12 8,823 9,035 Commercial real estate — investor 5 21,573 21,640 6 6,097 6,521 25 26,480 28,516 Real estate construction 4 78 79 2 15 15 9 1,822 1,961 Home equity 88 3,103 3,249 117 3,913 4,308 82 3,991 4,242 Installment and credit cards — — — 2 24 26 3 193 200 Residential mortgage 97 10,464 10,996 163 19,675 20,454 99 10,910 12,822 211 $ 41,131 $ 42,765 309 $ 38,870 $ 40,660 278 $ 64,052 $ 71,319 (1) Represents post-modification outstanding recorded investment. (2) Represents pre-modification outstanding recorded investment. Restructured loan modifications may include payment schedule modifications, interest rate concessions, maturity date extensions, modification of note structure (A/B Note), non-reaffirmed Chapter 7 bankruptcies, principal reduction, or some combination of these concessions. For the year ended December 31, 2015 , restructured loan modifications of commercial and industrial, commercial real estate, and real estate construction loans primarily included maturity date extensions and payment schedule modifications. Restructured loan modifications of home equity and residential mortgage loans primarily included maturity date extensions, interest rate concessions, payment schedule modifications, non-reaffirmed Chapter 7 bankruptcies, or a combination of these concessions for the year ended December 31, 2015 . The following table provides the number of loans modified in a troubled debt restructuring during the previous 12 months which subsequently defaulted during the years ended December 31, 2015 , 2014 , and 2013 , respectively, as well as the recorded investment in these restructured loans as of December 31, 2015 , 2014 , and 2013 , respectively. Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Number of Loans Recorded Investment Number of Loans Recorded Investment Number of Loans Recorded Investment ($ in Thousands) Commercial and industrial 2 $ 197 1 $ 52 15 $ 1,493 Commercial real estate — owner occupied — — 3 785 4 542 Commercial real estate — investor — — 13 6,200 4 1,784 Real estate construction — — 1 160 4 80 Home equity 28 1,220 54 1,802 11 829 Installment and credit cards — — 3 34 — — Residential mortgage 61 6,815 80 10,032 26 4,528 91 $ 8,232 155 $ 19,065 64 $ 9,256 All loans modified in a troubled debt restructuring are evaluated for impairment. The nature and extent of the impairment of restructured loans, including those which have experienced a subsequent payment default, is considered in the determination of an appropriate level of the allowance for loan losses. |