Loans and Allowance for Credit Losses | Note 5 – Loans and Allowance for Credit Losses Major classifications of loans are summarized as of the dates indicated as follows (in thousands) June 30, December 31, 2017 2016 Owner occupied commercial real estate $ 1,722,883 $ 1,650,360 Income producing commercial real estate 1,342,149 1,281,541 Commercial & industrial 1,088,375 1,069,715 Commercial construction 586,405 633,921 Total commercial 4,739,812 4,635,537 Residential mortgage 880,418 856,725 Home equity lines of credit 665,252 655,410 Residential construction 193,117 190,043 Consumer installment 113,324 123,567 Indirect auto 449,009 459,354 Total loans 7,040,932 6,920,636 Less allowance for loan losses (59,500 ) (61,422 ) Loans, net $ 6,981,432 $ 6,859,214 At June 30, 2017 and December 31, 2016, loans totaling $3.62 billion and $3.33 billion, respectively, were pledged as collateral to secure Federal Home Loan Bank advances and other contingent funding sources. At June 30, 2017, the carrying value and outstanding balance of purchased credit impaired (“PCI”) loans accounted for under ASC 310-30 were $46.8 million and $68.8 million, respectively. At December 31, 2016, the carrying value and outstanding balance of PCI loans were $62.8 million and $87.9 million, respectively. The following table presents changes in the value of the accretable yield for PCI loans for the periods indicated (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance at beginning of period $ 7,762 $ 4,144 $ 7,981 $ 4,279 Accretion (1,412 ) (626 ) (3,102 ) (1,942 ) Reclassification from nonaccretable difference 3,827 806 4,716 1,453 Changes in expected cash flows that do not affect nonaccretable difference 1,188 1,013 1,770 1,547 Balance at end of period $ 11,365 $ 5,337 $ 11,365 $ 5,337 In addition to the accretable yield on PCI loans, the fair value adjustments on purchased loans outside the scope of ASC 310-30 are also accreted to interest revenue over the life of the loans. At June 30, 2017 and December 31, 2016, the remaining accretable fair value marks on loans acquired through a business combination and not accounted for under ASC 310-30 were $5.51 million and $7.14 million, respectively. In addition, indirect auto loans purchased at a premium outside of a business combination have a remaining premium of $10.8 million and $11.4 million, respectively, as of June 30, 2017 and December 31, 2016. During the three and six months ended June 30, 2017, United purchased indirect auto loans of $40.5 million and $81.7 million, respectively. During the three and six months ended June 30, 2016, United purchased indirect auto loans of $40.9 million and $111 million, respectively. The allowance for loan losses represents management’s estimate of probable incurred losses in the loan portfolio as of the end of the period. The allowance for unfunded commitments is included in other liabilities in the consolidated balance sheet. Combined, the allowance for loan losses and allowance for unfunded commitments are referred to as the allowance for credit losses. The following table presents the balance and activity in the allowance for credit losses by portfolio segment for the periods indicated (in thousands) 2017 2016 Three Months Ended June 30, Beginning Charge-Offs Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 15,669 $ (158 ) $ 120 $ (209 ) $ 15,422 $ 17,990 $ (869 ) $ 69 $ (1,515 ) $ 15,675 Income producing commercial real estate 8,878 (203 ) 20 659 9,354 8,962 (305 ) 224 (198 ) 8,683 Commercial & industrial 3,725 (598 ) 244 249 3,620 3,149 (223 ) 615 (339 ) 3,202 Commercial construction 12,790 (361 ) 20 (1,411 ) 11,038 13,213 (75 ) 273 (314 ) 13,097 Residential mortgage 9,071 (131 ) 105 753 9,798 10,200 (617 ) 128 1,618 11,329 Home equity lines of credit 4,530 (424 ) 171 313 4,590 5,931 (469 ) 216 (431 ) 5,247 Residential construction 3,267 (70 ) 123 (236 ) 3,084 4,764 (219 ) 8 298 4,851 Consumer installment 609 (457 ) 195 237 584 773 (390 ) 229 111 723 Indirect auto 2,004 (313 ) 94 225 2,010 1,328 (366 ) 41 443 1,446 Total allowance for loan losses 60,543 (2,715 ) 1,092 580 59,500 66,310 (3,533 ) 1,803 (327 ) 64,253 Allowance for unfunded commitments 2,002 - - 220 2,222 2,342 - - 27 2,369 Total allowance for credit losses 62,545 (2,715 ) 1,092 800 61,722 $ 68,652 $ (3,533 ) $ 1,803 $ (300 ) $ 66,622 Six Months Ended June 30, Beginning Charge-Offs Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 16,446 $ (183 ) $ 357 $ (1,198 ) $ 15,422 $ 18,016 $ (1,468 ) $ 190 $ (1,063 ) $ 15,675 Income producing commercial real estate 8,843 (1,100 ) 47 1,564 9,354 11,548 (582 ) 327 (2,610 ) 8,683 Commercial & industrial 3,810 (814 ) 612 12 3,620 4,433 (795 ) 904 (1,340 ) 3,202 Commercial construction 13,405 (563 ) 592 (2,396 ) 11,038 9,553 (362 ) 393 3,513 13,097 Residential mortgage 8,545 (673 ) 117 1,809 9,798 12,719 (713 ) 139 (816 ) 11,329 Home equity lines of credit 4,599 (895 ) 220 666 4,590 5,956 (1,192 ) 307 176 5,247 Residential construction 3,264 (70 ) 132 (242 ) 3,084 4,002 (278 ) 51 1,076 4,851 Consumer installment 708 (899 ) 402 373 584 828 (697 ) 435 157 723 Indirect auto 1,802 (733 ) 149 792 2,010 1,393 (599 ) 72 580 1,446 Total allowance for loan losses 61,422 (5,930 ) 2,628 1,380 59,500 68,448 (6,686 ) 2,818 (327 ) 64,253 Allowance for unfunded commitments 2,002 - - 220 2,222 2,542 - - (173 ) 2,369 Total allowance for credit losses $ 63,424 $ (5,930 ) $ 2,628 $ 1,600 $ 61,722 $ 70,990 $ (6,686 ) $ 2,818 $ (500 ) $ 66,622 The following table represents the recorded investment in loans by portfolio segment and the balance of the allowance for loan losses assigned to each segment based on the method of evaluating the loans for impairment as of the dates indicated (in thousands) Allowance for Loan Losses June 30, 2017 December 31, 2016 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 1,512 $ 13,910 $ - $ 15,422 $ 1,746 $ 14,700 $ - $ 16,446 Income producing commercial real estate 956 8,398 - 9,354 885 7,919 39 8,843 Commercial & industrial 30 3,590 - 3,620 58 3,752 - 3,810 Commercial construction 187 10,851 - 11,038 168 13,218 19 13,405 Residential mortgage 1,195 8,603 - 9,798 517 7,997 31 8,545 Home equity lines of credit 5 4,585 - 4,590 2 4,597 - 4,599 Residential construction 81 3,003 - 3,084 64 3,198 2 3,264 Consumer installment 8 571 5 584 12 696 - 708 Indirect auto 30 1,980 - 2,010 - 1,802 - 1,802 Total allowance for loan losses 4,004 55,491 5 59,500 3,452 57,879 91 61,422 Allowance for unfunded commitments - 2,222 - 2,222 - 2,002 - 2,002 Total allowance for credit losses $ 4,004 $ 57,713 $ 5 $ 61,722 $ 3,452 $ 59,881 $ 91 $ 63,424 Loans Outstanding June 30, 2017 December 31, 2016 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 30,244 $ 1,679,080 $ 13,559 $ 1,722,883 $ 31,421 $ 1,600,355 $ 18,584 $ 1,650,360 Income producing commercial real estate 28,613 1,291,170 22,366 1,342,149 30,459 1,225,763 25,319 1,281,541 Commercial & industrial 1,845 1,086,250 280 1,088,375 1,915 1,066,764 1,036 1,069,715 Commercial construction 6,357 575,920 4,128 586,405 5,050 620,543 8,328 633,921 Residential mortgage 14,672 861,395 4,351 880,418 13,706 836,624 6,395 856,725 Home equity lines of credit 384 663,390 1,478 665,252 63 653,337 2,010 655,410 Residential construction 1,547 191,085 485 193,117 1,594 187,516 933 190,043 Consumer installment 298 112,895 131 113,324 290 123,118 159 123,567 Indirect auto 1,283 447,726 - 449,009 1,165 458,189 - 459,354 Total loans $ 85,243 $ 6,908,911 $ 46,778 $ 7,040,932 $ 85,663 $ 6,772,209 $ 62,764 $ 6,920,636 Management considers all non-PCI relationships that are on nonaccrual with a balance of $500,000 or greater and all troubled debt restructurings (“TDRs”) to be impaired. In addition, management reviews all accruing substandard loans greater than $2 million to determine if the loan is impaired. A loan is considered impaired when, based on current events and circumstances, it is probable that all amounts due according to the original contractual terms of the loan will not be collected. All TDRs are considered impaired regardless of accrual status. Impairment is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. A specific reserve is established for impaired loans for the amount of calculated impairment. Interest payments received on impaired nonaccrual loans are applied as a reduction of the recorded investment in the loan. For impaired loans not on nonaccrual status, interest is accrued according to the terms of the loan agreement. Loans are evaluated for impairment quarterly and specific reserves are established in the allowance for loan losses for any measured impairment. Each quarter, management prepares an analysis of the allowance for credit losses to determine the appropriate balance that measures and quantifies the amount of probable incurred losses in the loan portfolio and unfunded loan commitments. The allowance is comprised of specific reserves on individually impaired loans, which are determined as described above, and general reserves which are determined based on historical loss experience as adjusted for current trends and economic conditions multiplied by a loss emergence period factor. Management calculates the loss emergence period for each pool of loans based on the weighted average length of time between the date a loan first exceeds 30 days past due and the date the loan is charged off. On junior lien home equity loans, management has limited ability to monitor the delinquency status of the first lien unless the first lien is also held by United. As a result, management applies the weighted average historical loss factor for this category and appropriately adjusts it to reflect the increased risk of loss from these credits. Management carefully reviews the resulting loss factors for each category of the loan portfolio and evaluates whether qualitative adjustments are necessary to take into consideration recent credit trends such as increases or decreases in past due, nonaccrual, criticized and classified loans, and other macro environmental factors such as changes in unemployment rates, lease vacancy rates and trends in property values and absorption rates. Management believes that its method of determining the balance of the allowance for credit losses provides a reasonable and reliable basis for measuring and reporting losses that are incurred in the loan portfolio as of the reporting date. When a loan officer determines that a loan is uncollectible, he or she is responsible for recommending that the loan be placed on nonaccrual status, evaluating the loan for impairment, and, if necessary, fully or partially charging off the loan. Full or partial charge-offs may also be recommended by the Collections Department, the Special Assets Department, the Loss Mitigation Department and the Foreclosure/OREO Department. Nonaccrual real estate loans are generally charged down to fair value less costs to sell at the time they are placed on nonaccrual status. Commercial and consumer asset quality committees meet monthly to review charge-offs that have occurred during the previous month. Participants include the Chief Credit Officer, Senior Risk Officers, Senior Credit Officers, and Regional Credit Managers. Generally, closed-end retail loans (installment and residential mortgage loans) past due 90 cumulative days are written down to their collateral value less estimated selling costs. Open-end (revolving) unsecured retail loans which are past due 90 cumulative days from their contractual due date are generally charged-off. The following table presents loans individually evaluated for impairment by class of loans as of the dates indicated (in thousands) June 30, 2017 December 31, 2016 Unpaid Recorded Allowance Unpaid Recorded Allowance With no related allowance recorded: Owner occupied commercial real estate $ 7,712 $ 7,290 $ - $ 9,171 $ 8,477 $ - Income producing commercial real estate 14,997 14,997 - 16,864 16,864 - Commercial & industrial 634 634 - 421 334 - Commercial construction 3,187 2,349 - 845 841 - Total commercial 26,530 25,270 - 27,301 26,516 - Residential mortgage 2,695 2,674 - 630 628 - Home equity lines of credit 391 208 - - - - Residential construction 222 167 - - - - Consumer installment 30 30 - - - - Indirect auto 200 179 - 1,165 1,165 - Total with no related allowance recorded 30,068 28,528 - 29,096 28,309 - With an allowance recorded: Owner occupied commercial real estate 23,362 22,954 1,512 23,574 22,944 1,746 Income producing commercial real estate 13,642 13,616 956 13,681 13,595 885 Commercial & industrial 1,297 1,211 30 1,679 1,581 58 Commercial construction 4,200 4,008 187 4,739 4,209 168 Total commercial 42,501 41,789 2,685 43,673 42,329 2,857 Residential mortgage 12,284 11,998 1,195 13,565 13,078 517 Home equity lines of credit 296 176 5 63 63 2 Residential construction 1,450 1,380 81 1,947 1,594 64 Consumer installment 270 268 8 293 290 12 Indirect auto 1,108 1,104 30 - - - Total with an allowance recorded 57,909 56,715 4,004 59,541 57,354 3,452 Total $ 87,977 $ 85,243 $ 4,004 $ 88,637 $ 85,663 $ 3,452 As of June 30, 2017 and December 31, 2016, $3.23 million and $2.90 million, respectively, of specific reserves were allocated to customers whose loan terms have been modified in TDRs. United committed to lend additional amounts totaling up to $95,000 at both June 30, 2017 and December 31, 2016 to customers with outstanding loans that are classified as TDRs. The modification of the TDR terms included one or a combination of the following: a reduction of the stated interest rate of the loan or an extension of the amortization period that would not otherwise be considered in the current market for new debt with similar risk characteristics; a restructuring of the borrower’s debt into an “A/B note structure” where the A note would fall within the borrower’s ability to pay and the remainder would be included in the B note; a mandated bankruptcy restructuring; or interest-only payment terms greater than 90 days where the borrower is unable to amortize the loan. Modified PCI loans are not accounted for as TDRs because they are not separated from the pools, and as such are not classified as impaired loans. Loans modified under the terms of a TDR during the three and six months ended June 30, 2017 and 2016 are presented in the table below. In addition, the following table presents loans modified under the terms of a TDR that defaulted (became 90 days or more delinquent) during the periods presented and were initially restructured within one year prior to default (dollars in thousands) New TDRs Pre- Post- TDRs Modified Within the Three Months Ended June 30, 2017 Number of Recorded Rate Structure Other Total Number of Recorded Owner occupied commercial real estate 3 $ 1,860 $ - $ 1,860 $ - $ 1,860 - $ - Income producing commercial real estate 1 226 - - 226 226 - - Commercial & industrial 1 28 - 28 - 28 - - Commercial construction - - - - - - - - Total commercial 5 2,114 - 1,888 226 2,114 - - Residential mortgage 5 483 - 483 - 483 - - Home equity lines of credit 1 296 - - 176 176 - - Residential construction - - - - - - - - Consumer installment - - - - - - - - Indirect auto - - - - - - - - Total loans 11 $ 2,893 $ - $ 2,371 $ 402 $ 2,773 - $ - Six Months Ended June 30, 2017 Owner occupied commercial real estate 3 $ 1,860 $ - $ 1,860 $ - $ 1,860 - $ - Income producing commercial real estate 1 226 - - 226 226 - - Commercial & industrial 2 53 - 53 - 53 - - Commercial construction - - - - - - - - Total commercial 6 2,139 - 1,913 226 2,139 - - Residential mortgage 12 836 - 836 - 836 2 655 Home equity lines of credit 1 296 - - 176 176 - - Residential construction 1 40 40 - - 40 - - Consumer installment 1 6 - 6 - 6 - - Indirect auto - - - - - - - - Total loans 21 $ 3,317 $ 40 $ 2,755 $ 402 $ 3,197 2 $ 655 Three Months Ended June 30, 2016 Owner occupied commercial real estate 4 $ 1,042 $ - $ 1,042 $ - $ 1,042 1 $ 252 Income producing commercial real estate - - - - - - - - Commercial & industrial 2 749 - 749 - 749 - - Commercial construction 1 169 - 169 - 169 - - Total commercial 7 1,960 - 1,960 - 1,960 1 252 Residential mortgage 10 1,628 1,543 83 - 1,626 1 85 Home equity lines of credit 1 38 38 - - 38 - - Residential construction 4 260 45 77 82 204 - - Consumer installment - - - - - - - - Indirect auto 10 235 - - 235 235 - - Total loans 32 $ 4,121 $ 1,626 $ 2,120 $ 317 $ 4,063 2 $ 337 Six Months Ended June 30, 2016 Owner occupied commercial real estate 7 $ 1,691 $ - $ 1,691 $ - $ 1,691 2 $ 499 Income producing commercial real estate - - - - - - - - Commercial & industrial 3 946 - 946 - 946 - - Commercial construction 2 235 - 169 66 235 - - Total commercial 12 2,872 - 2,806 66 2,872 2 499 Residential mortgage 17 2,427 1,957 432 - 2,389 1 85 Home equity lines of credit 1 38 38 - - 38 - - Residential construction 4 260 45 77 82 204 - - Consumer installment 1 20 - 20 - 20 - - Indirect auto 18 474 - - 474 474 - - Total loans 53 $ 6,091 $ 2,040 $ 3,335 $ 622 $ 5,997 3 $ 584 TDRs that subsequently default and are placed on nonaccrual are charged down to the fair value, less costs of disposal, of the collateral consistent with United’s policy for nonaccrual loans. The average balances of impaired loans and income recognized on impaired loans while they were considered impaired are presented below for the periods indicated (in thousands) 2017 2016 Three Months Ended June 30, Average Interest Cash Basis Average Interest Cash Basis Owner occupied commercial real estate $ 30,825 $ 371 $ 376 $ 34,098 $ 398 $ 408 Income producing commercial real estate 28,768 359 347 26,831 323 333 Commercial & industrial 1,877 26 17 2,706 35 35 Commercial construction 6,670 70 77 6,326 65 69 Total commercial 68,140 826 817 69,961 821 845 Residential mortgage 14,742 130 147 18,217 205 207 Home equity lines of credit 552 2 4 101 1 1 Residential construction 1,563 23 24 1,698 28 32 Consumer installment 307 6 6 320 6 5 Indirect auto 1,137 14 14 867 11 11 Total $ 86,441 $ 1,001 $ 1,012 $ 91,164 $ 1,072 $ 1,101 Six Months Ended June 30, Owner occupied commercial real estate $ 30,342 $ 716 $ 712 $ 33,897 $ 846 $ 874 Income producing commercial real estate 28,589 710 692 27,117 638 667 Commercial & industrial 1,908 53 45 2,546 65 61 Commercial construction 5,836 123 130 5,909 135 139 Total commercial 66,675 1,602 1,579 69,469 1,684 1,741 Residential mortgage 14,175 268 290 16,776 362 359 Home equity lines of credit 308 3 5 82 2 2 Residential construction 1,591 46 47 1,558 48 49 Consumer installment 297 11 12 331 12 12 Indirect auto 1,130 28 28 826 22 22 Total $ 84,176 $ 1,958 $ 1,961 $ 89,042 $ 2,130 $ 2,185 Nonaccrual loans include both homogeneous loans that are collectively evaluated for impairment and individually evaluated impaired loans based on the size of the loan. United’s policy is to place loans on nonaccrual status when, in the opinion of management, the principal and interest on a loan is not likely to be repaid in full or when the loan becomes 90 days past due and is not well secured and in the process of collection. When a loan is classified on nonaccrual status, interest previously accrued but not collected is reversed against current interest revenue. Principal and interest payments received on a nonaccrual loan are applied to reduce the loan’s recorded investment. PCI loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. However, these loans are considered to be performing, even though they may be contractually past due, as any non-payment of contractual principal or interest is considered in the periodic re-estimation of expected cash flows and is included in the resulting recognition of current period loan loss provision or future period yield adjustments. The accrual of interest is discontinued on PCI loans if management can no longer reliably estimate future cash flows on the loan. No PCI loans were classified as nonaccrual at June 30, 2017 or December 31, 2016 as the carrying value of the respective loan or pool of loans cash flows were considered estimable and probable of collection. Therefore, interest revenue, through accretion of the difference between the carrying value of the loans and the expected cash flows, is being recognized on all PCI loans. The gross additional interest revenue that would have been earned if the loans classified as nonaccrual had performed in accordance with the original terms was approximately $246,000 and $170,000 for the three months ended June 30, 2017 and 2016, respectively, and $523,000 and $425,000 for the six months ended June 30, 2017 and 2016, respectively. The following table presents the recorded investment in nonaccrual loans by loan class as of the dates indicated (in thousands) June 30, December 31, 2017 2016 Owner occupied commercial real estate $ 5,248 $ 7,373 Income producing commercial real estate 2,587 1,324 Commercial & industrial 1,010 966 Commercial construction 2,530 1,538 Total commercial 11,375 11,201 Residential mortgage 7,886 6,368 Home equity lines of credit 2,152 1,831 Residential construction 287 776 Consumer installment 121 88 Indirect auto 1,274 1,275 Total $ 23,095 $ 21,539 Excluding PCI loans, substantially all loans more than 90 days past due were on nonaccrual status at June 30, 2017 and December 31, 2016. The following table presents the aging of the recorded investment in past due loans by class of loans as of the dates indicated (in thousands) Loans Past Due Loans Not As of June 30, 2017 30 - 59 Days 60 - 89 Days > 90 Days Total Past Due PCI Loans Total Owner occupied commercial real estate $ 1,707 $ 407 $ 3,320 $ 5,434 $ 1,703,890 $ 13,559 $ 1,722,883 Income producing commercial real estate 784 42 1,086 1,912 1,317,871 22,366 1,342,149 Commercial & industrial 1,384 2,103 136 3,623 1,084,472 280 1,088,375 Commercial construction 415 15 872 1,302 580,975 4,128 586,405 Total commercial 4,290 2,567 5,414 12,271 4,687,208 40,333 4,739,812 Residential mortgage 5,691 1,456 3,085 10,232 865,835 4,351 880,418 Home equity lines of credit 2,759 236 597 3,592 660,182 1,478 665,252 Residential construction 1,066 59 54 1,179 191,453 485 193,117 Consumer installment 349 92 51 492 112,701 131 113,324 Indirect auto 878 297 827 2,002 447,007 - 449,009 Total loans $ 15,033 $ 4,707 $ 10,028 $ 29,768 $ 6,964,386 $ 46,778 $ 7,040,932 As of December 31, 2016 Owner occupied commercial real estate $ 2,195 $ 1,664 $ 3,386 $ 7,245 $ 1,624,531 $ 18,584 $ 1,650,360 Income producing commercial real estate 1,373 355 330 2,058 1,254,164 25,319 1,281,541 Commercial & industrial 943 241 178 1,362 1,067,317 1,036 1,069,715 Commercial construction 452 14 292 758 624,835 8,328 633,921 Total commercial 4,963 2,274 4,186 11,423 4,570,847 53,267 4,635,537 Residential mortgage 7,221 1,799 1,700 10,720 839,610 6,395 856,725 Home equity lines of credit 1,996 101 957 3,054 650,346 2,010 655,410 Residential construction 950 759 51 1,760 187,350 933 190,043 Consumer installment 633 117 35 785 122,623 159 123,567 Indirect auto 1,109 301 909 2,319 457,035 - 459,354 Total loans $ 16,872 $ 5,351 $ 7,838 $ 30,061 $ 6,827,811 $ 62,764 $ 6,920,636 Risk Ratings United categorizes commercial loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current industry and economic trends, among other factors. United analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a continual basis. United uses the following definitions for its risk ratings: Watch. Substandard. Doubtful. Loss. Consumer Purpose Loans. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands) Doubtful / As of June 30, 2017 Pass Watch Substandard Loss Total Owner occupied commercial real estate $ 1,653,111 $ 24,946 $ 31,267 $ - $ 1,709,324 Income producing commercial real estate 1,278,582 17,724 23,477 - 1,319,783 Commercial & industrial 1,071,805 8,089 8,201 - 1,088,095 Commercial construction 569,643 5,598 7,036 - 582,277 Total commercial 4,573,141 56,357 69,981 - 4,699,479 Residential mortgage 856,196 - 19,871 - 876,067 Home equity lines of credit 656,701 - 7,073 - 663,774 Residential construction 190,544 - 2,088 - 192,632 Consumer installment 112,503 - 690 - 113,193 Indirect auto 446,038 - 2,971 - 449,009 Total loans, excluding PCI loans $ 6,835,123 $ 56,357 $ 102,674 $ - $ 6,994,154 Owner occupied commercial real estate $ 984 $ 4,167 $ 8,408 $ - $ 13,559 Income producing commercial real estate 11,939 8,860 1,567 - 22,366 Commercial & industrial 84 140 56 - 280 Commercial construction 2,962 864 302 - 4,128 Total commercial 15,969 14,031 10,333 - 40,333 Residential mortgage 3,407 - 944 - 4,351 Home equity lines of credit 666 - 812 - 1,478 Residential construction 464 - 21 - 485 Consumer installment 73 - 58 - 131 Indirect auto - - - - - Total PCI loans $ 20,579 $ 14,031 $ 12,168 $ - $ 46,778 As of December 31, 2016 Owner occupied commercial real estate $ 1,577,301 $ 18,029 $ 36,446 $ - $ 1,631,776 Income producing commercial real estate 1,220,626 8,502 27,094 - 1,256,222 Commercial & industrial 1,055,282 4,188 9,209 - 1,068,679 Commercial construction 612,900 6,166 6,527 - 625,593 Total commercial 4,466,109 36,885 79,276 - 4,582,270 Residential mortgage 829,844 - 20,486 - 850,330 Home equity lines of credit 647,425 - 5,975 - 653,400 Residential construction 185,643 - 3,467 - 189,110 Consumer installment 122,736 - 672 - 123,408 Indirect auto 456,717 - 2,637 - 459,354 Total loans, excluding PCI loans $ 6,708,474 $ 36,885 $ 112,513 $ - $ 6,857,872 Owner occupied commercial real estate $ 2,044 $ 3,444 $ 13,096 $ - $ 18,584 Income producing commercial real estate 13,236 8,474 3,609 - 25,319 Commercial & industrial 216 160 660 - 1,036 Commercial construction 3,212 1,265 3,851 - 8,328 Total commercial 18,708 13,343 21,216 - 53,267 Residential mortgage 5,189 - 1,206 - 6,395 Home equity lines of credit 1,094 - 916 - 2,010 Residential construction 898 - 35 - 933 Consumer installment 159 - - - 159 Indirect auto - - - - - Total PCI loans $ 26,048 $ 13,343 $ 23,373 $ - $ 62,764 |