Loans and Allowance for Credit Losses | Note 6 – Loans and Allowance for Credit Losses Major classifications of loans are summarized as of the dates indicated as follows (in thousands) September 30, December 31, 2017 2016 Owner occupied commercial real estate $ 1,791,762 $ 1,650,360 Income producing commercial real estate 1,413,104 1,281,541 Commercial & industrial 1,083,591 1,069,715 Commercial construction 583,344 633,921 Total commercial 4,871,801 4,635,537 Residential mortgage 933,205 856,725 Home equity lines of credit 688,875 655,410 Residential construction 190,047 190,043 Consumer installment 118,742 123,567 Indirect auto 400,267 459,354 Total loans 7,202,937 6,920,636 Less allowance for loan losses (58,605 ) (61,422 ) Loans, net $ 7,144,332 $ 6,859,214 At September 30, 2017 and December 31, 2016, loans totaling $3.57 billion and $3.33 billion, respectively, were pledged as collateral to secure Federal Home Loan Bank advances and other contingent funding sources. At September 30, 2017, the carrying value and outstanding balance of purchased credit impaired (“PCI”) loans accounted for under ASC 310-30 were $68.7 million and $104 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 11,365 $ 5,337 $ 7,981 $ 4,279 Additions due to acquisitions 3,410 2,113 3,410 2,113 Accretion (2,075 ) (1,116 ) (5,177 ) (3,058 ) Reclassification from nonaccretable difference 1,163 1,455 5,879 2,908 Changes in expected cash flows that do not affect nonaccretable difference 735 362 2,505 1,909 Balance at end of period $ 14,598 $ 8,151 $ 14,598 $ 8,151 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 September 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 $9.19 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 $9.19 million and $11.4 million, respectively, as of September 30, 2017 and December 31, 2016. During the three months ended September 30, 2017, United did not purchase indirect auto loans. During the nine months ended September 30, 2017, United purchased indirect auto loans of $81.7 million. During the three and nine months ended September 30, 2016, United purchased indirect auto loans of $38.8 million and $149 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 September 30, Beginning Charge-Offs Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 15,422 $ (100 ) $ 144 $ (624 ) $ 14,842 $ 15,675 $ (461 ) $ 415 $ (353 ) $ 15,276 Income producing commercial real estate 9,354 (1,235 ) 76 1,138 9,333 8,683 (206 ) 136 1,477 10,090 Commercial & industrial 3,620 (329 ) 529 690 4,510 3,202 (850 ) 398 690 3,440 Commercial construction 11,038 (206 ) 320 (946 ) 10,206 13,097 (30 ) 224 (2,367 ) 10,924 Residential mortgage 9,798 (396 ) 83 145 9,630 11,329 (63 ) 109 64 11,439 Home equity lines of credit 4,590 (321 ) 265 187 4,721 5,247 (321 ) 54 197 5,177 Residential construction 3,084 (57 ) 21 (92 ) 2,956 4,851 (253 ) 10 (267 ) 4,341 Consumer installment 584 (475 ) 314 292 715 723 (426 ) 190 183 670 Indirect auto 2,010 (333 ) 65 (50 ) 1,692 1,446 (354 ) 69 443 1,604 Total allowance for loan losses 59,500 (3,452 ) 1,817 740 58,605 64,253 (2,964 ) 1,605 67 62,961 Allowance for unfunded commitments 2,222 - - 260 2,482 2,369 - - (367 ) 2,002 Total allowance for credit losses 61,722 (3,452 ) 1,817 1,000 61,087 $ 66,622 $ (2,964 ) $ 1,605 $ (300 ) $ 64,963 Nine Months Ended September 30, Beginning Charge-Offs Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 16,446 $ (283 ) $ 501 $ (1,822 ) $ 14,842 $ 18,016 $ (1,929 ) $ 605 $ (1,416 ) $ 15,276 Income producing commercial real estate 8,843 (2,335 ) 123 2,702 9,333 11,548 (788 ) 463 (1,133 ) 10,090 Commercial & industrial 3,810 (1,143 ) 1,141 702 4,510 4,433 (1,645 ) 1,302 (650 ) 3,440 Commercial construction 13,405 (769 ) 912 (3,342 ) 10,206 9,553 (392 ) 617 1,146 10,924 Residential mortgage 8,545 (1,069 ) 200 1,954 9,630 12,719 (776 ) 248 (752 ) 11,439 Home equity lines of credit 4,599 (1,216 ) 485 853 4,721 5,956 (1,513 ) 361 373 5,177 Residential construction 3,264 (127 ) 153 (334 ) 2,956 4,002 (531 ) 61 809 4,341 Consumer installment 708 (1,374 ) 716 665 715 828 (1,123 ) 625 340 670 Indirect auto 1,802 (1,066 ) 214 742 1,692 1,393 (953 ) 141 1,023 1,604 Total allowance for loan losses 61,422 (9,382 ) 4,445 2,120 58,605 68,448 (9,650 ) 4,423 (260 ) 62,961 Allowance for unfunded commitments 2,002 - - 480 2,482 2,542 - - (540 ) 2,002 Total allowance for credit losses $ 63,424 $ (9,382 ) $ 4,445 $ 2,600 $ 61,087 $ 70,990 $ (9,650 ) $ 4,423 $ (800 ) $ 64,963 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 September 30, 2017 December 31, 2016 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 1,131 $ 13,711 $ - $ 14,842 $ 1,746 $ 14,700 $ - $ 16,446 Income producing commercial real estate 869 8,439 25 9,333 885 7,919 39 8,843 Commercial & industrial 1,040 3,470 - 4,510 58 3,752 - 3,810 Commercial construction 165 10,040 1 10,206 168 13,218 19 13,405 Residential mortgage 1,111 8,504 15 9,630 517 7,997 31 8,545 Home equity lines of credit - 4,721 - 4,721 2 4,597 - 4,599 Residential construction 82 2,874 - 2,956 64 3,198 2 3,264 Consumer installment 8 705 2 715 12 696 - 708 Indirect auto 30 1,662 - 1,692 - 1,802 - 1,802 Total allowance for loan losses 4,436 54,126 43 58,605 3,452 57,879 91 61,422 Allowance for unfunded commitments - 2,482 - 2,482 - 2,002 - 2,002 Total allowance for credit losses $ 4,436 $ 56,608 $ 43 $ 61,087 $ 3,452 $ 59,881 $ 91 $ 63,424 Loans Outstanding September 30, 2017 December 31, 2016 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 29,429 $ 1,744,318 $ 18,015 $ 1,791,762 $ 31,421 $ 1,600,355 $ 18,584 $ 1,650,360 Income producing commercial real estate 26,061 1,361,914 25,129 1,413,104 30,459 1,225,763 25,319 1,281,541 Commercial & industrial 5,653 1,076,890 1,048 1,083,591 1,915 1,066,764 1,036 1,069,715 Commercial construction 4,728 569,841 8,775 583,344 5,050 620,543 8,328 633,921 Residential mortgage 14,352 906,287 12,566 933,205 13,706 836,624 6,395 856,725 Home equity lines of credit 204 687,228 1,443 688,875 63 653,337 2,010 655,410 Residential construction 1,544 188,054 449 190,047 1,594 187,516 933 190,043 Consumer installment 293 117,146 1,303 118,742 290 123,118 159 123,567 Indirect auto 1,312 398,955 - 400,267 1,165 458,189 - 459,354 Total loans $ 83,576 $ 7,050,633 $ 68,728 $ 7,202,937 $ 85,663 $ 6,772,209 $ 62,764 $ 6,920,636 Management individually evaluates for impairment all non-PCI relationships that are on nonaccrual with a balance of $500,000 or greater, all troubled debt restructurings (“TDRs”), and all accruing substandard loans greater than $2 million. 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. 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) September 30, 2017 December 31, 2016 Unpaid Recorded Allowance Unpaid Recorded Allowance With no related allowance recorded: Owner occupied commercial real estate $ 8,958 $ 8,126 $ - $ 9,171 $ 8,477 $ - Income producing commercial real estate 14,739 14,739 - 16,864 16,864 - Commercial & industrial 2,387 2,100 - 421 334 - Commercial construction 981 776 - 845 841 - Total commercial 27,065 25,741 - 27,301 26,516 - Residential mortgage 2,980 2,885 - 630 628 - Home equity lines of credit 393 204 - - - - Residential construction 239 164 - - - - Consumer installment 30 30 - - - - Indirect auto 134 134 - 1,165 1,165 - Total with no related allowance recorded 30,841 29,158 - 29,096 28,309 - With an allowance recorded: Owner occupied commercial real estate 21,645 21,303 1,131 23,574 22,944 1,746 Income producing commercial real estate 11,421 11,322 869 13,681 13,595 885 Commercial & industrial 3,655 3,553 1,040 1,679 1,581 58 Commercial construction 4,490 3,952 165 4,739 4,209 168 Total commercial 41,211 40,130 3,205 43,673 42,329 2,857 Residential mortgage 12,009 11,467 1,111 13,565 13,078 517 Home equity lines of credit - - - 63 63 2 Residential construction 1,458 1,380 82 1,947 1,594 64 Consumer installment 267 263 8 293 290 12 Indirect auto 1,178 1,178 30 - - - Total with an allowance recorded 56,123 54,418 4,436 59,541 57,354 3,452 Total $ 86,964 $ 83,576 $ 4,436 $ 88,637 $ 85,663 $ 3,452 As of September 30, 2017 and December 31, 2016, $2.98 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 $45,000 and $95,000, respectively, at September 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 nine months ended September 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 Number of Recorded Rate Reduction Structure Other Total Number of Recorded Three Months Ended September 30, 2017 Owner occupied commercial real estate 3 $ 743 $ - $ 301 $ 108 $ 409 - $ - Income producing commercial real estate 1 31 - - 26 26 - - Commercial & industrial 1 22 - 22 - 22 - - Commercial construction - - - - - - - - Total commercial 5 796 - 323 134 457 - - Residential mortgage 9 773 - 773 - 773 1 160 Home equity lines of credit - - - - - - - - Residential construction 1 31 - 31 - 31 - - Consumer installment 1 10 - 10 - 10 - - Indirect auto 10 188 - - 188 188 - - Total loans 26 $ 1,798 $ - $ 1,137 $ 322 $ 1,459 1 $ 160 Nine Months Ended September 30, 2017 Owner occupied commercial real estate 6 $ 2,603 $ - $ 2,161 $ 108 $ 2,269 - $ - Income producing commercial real estate 2 257 - - 252 252 - - Commercial & industrial 3 75 - 75 - 75 - - Commercial construction - - - - - - - - Total commercial 11 2,935 - 2,236 360 2,596 - - Residential mortgage 21 1,609 - 1,609 - 1,609 3 815 Home equity lines of credit 1 296 - - 176 176 - - Residential construction 2 71 40 31 - 71 - - Consumer installment 2 16 - 16 - 16 - - Indirect auto 23 521 - - 521 521 - - Total loans 60 $ 5,448 $ 40 $ 3,892 $ 1,057 $ 4,989 3 $ 815 Three Months Ended September 30, 2016 Owner occupied commercial real estate 1 $ 1,007 $ - $ 1,007 $ - $ 1,007 - $ - Income producing commercial real estate 1 257 - 257 - 257 - - Commercial & industrial 2 66 - 66 - 66 2 34 Commercial construction 1 224 - 224 - 224 - - Total commercial 5 1,554 - 1,554 - 1,554 2 34 Residential mortgage 6 605 - 550 - 550 - - Home equity lines of credit - - - - - - - - Residential construction 1 48 - 48 - 48 - - Consumer installment 2 14 - 14 - 14 - - Indirect auto 8 226 - - 226 226 - - Total loans 22 $ 2,447 $ - $ 2,166 $ 226 $ 2,392 2 $ 34 Nine Months Ended September 30, 2016 Owner occupied commercial real estate 8 $ 2,699 $ - $ 2,699 $ - $ 2,699 1 $ 252 Income producing commercial real estate 1 257 - 257 - 257 - - Commercial & industrial 5 1,012 - 1,012 - 1,012 2 34 Commercial construction 3 459 - 393 66 459 - - Total commercial 17 4,427 - 4,361 66 4,427 3 286 Residential mortgage 23 3,033 1,957 982 - 2,939 1 85 Home equity lines of credit 1 38 38 - - 38 - - Residential construction 5 307 45 125 82 252 - - Consumer installment 3 34 - 34 - 34 - - Indirect auto 26 699 - - 699 699 - - Total loans 75 $ 8,538 $ 2,040 $ 5,502 $ 847 $ 8,389 4 $ 371 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 Average Interest Cash Basis Average Interest Cash Basis Three Months Ended September 30, Owner occupied commercial real estate $ 29,764 $ 307 $ 331 $ 35,714 $ 434 $ 433 Income producing commercial real estate 26,203 329 331 31,753 416 380 Commercial & industrial 5,492 53 65 2,553 33 33 Commercial construction 4,863 51 48 5,984 66 69 Total commercial 66,322 740 775 76,004 949 915 Residential mortgage 14,448 139 139 14,060 140 140 Home equity lines of credit 207 4 4 103 1 1 Residential construction 1,561 24 24 1,542 19 17 Consumer installment 300 6 5 291 5 6 Indirect auto 1,339 18 18 959 11 11 Total $ 84,177 $ 931 $ 965 $ 92,959 $ 1,125 $ 1,090 Nine Months Ended September 30, Owner occupied commercial real estate $ 30,149 $ 1,023 $ 1,043 $ 33,997 $ 1,280 $ 1,307 Income producing commercial real estate 27,794 1,039 1,023 32,013 1,054 1,047 Commercial & industrial 3,103 106 110 2,614 98 94 Commercial construction 5,511 174 178 6,135 201 208 Total commercial 66,557 2,342 2,354 74,759 2,633 2,656 Residential mortgage 14,266 407 429 14,224 502 499 Home equity lines of credit 274 7 9 103 3 3 Residential construction 1,581 70 71 1,699 67 66 Consumer installment 298 17 17 303 17 18 Indirect auto 1,199 46 46 871 33 33 Total $ 84,175 $ 2,889 $ 2,926 $ 91,959 $ 3,255 $ 3,275 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 September 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 $291,000 and $262,000 for the three months ended September 30, 2017 and 2016, respectively, and $814,000 and $686,000 for the nine months ended September 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) September 30, December 31, 2017 2016 Owner occupied commercial real estate $ 5,027 $ 7,373 Income producing commercial real estate 2,042 1,324 Commercial & industrial 2,378 966 Commercial construction 1,376 1,538 Total commercial 10,823 11,201 Residential mortgage 8,559 6,368 Home equity lines of credit 1,898 1,831 Residential construction 178 776 Consumer installment 84 88 Indirect auto 1,379 1,275 Total $ 22,921 $ 21,539 Excluding PCI loans, substantially all loans more than 90 days past due were on nonaccrual status at September 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 30 - 59 Days 60 - 89 Days > 90 Days Total Past Due PCI Loans Total As of September 30, 2017 Owner occupied commercial real estate $ 4,017 $ 1,236 $ 2,176 $ 7,429 $ 1,766,318 $ 18,015 $ 1,791,762 Income producing commercial real estate 1,189 595 463 2,247 1,385,728 25,129 1,413,104 Commercial & industrial 3,088 1,008 1,006 5,102 1,077,441 1,048 1,083,591 Commercial construction 494 5 219 718 573,851 8,775 583,344 Total commercial 8,788 2,844 3,864 15,496 4,803,338 52,967 4,871,801 Residential mortgage 6,133 1,883 3,301 11,317 909,322 12,566 933,205 Home equity lines of credit 2,545 666 608 3,819 683,613 1,443 688,875 Residential construction 400 110 16 526 189,072 449 190,047 Consumer installment 544 39 28 611 116,828 1,303 118,742 Indirect auto 936 415 1,047 2,398 397,869 - 400,267 Total loans $ 19,346 $ 5,957 $ 8,864 $ 34,167 $ 7,100,042 $ 68,728 $ 7,202,937 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 / Pass Watch Substandard Loss Total As of September 30, 2017 Owner occupied commercial real estate $ 1,708,659 $ 32,450 $ 32,638 $ - $ 1,773,747 Income producing commercial real estate 1,337,358 30,584 20,033 - 1,387,975 Commercial & industrial 1,054,999 14,645 12,899 - 1,082,543 Commercial construction 563,616 5,006 5,947 - 574,569 Total commercial 4,664,632 82,685 71,517 - 4,818,834 Residential mortgage 899,000 - 21,639 - 920,639 Home equity lines of credit 680,711 - 6,721 - 687,432 Residential construction 187,684 - 1,914 - 189,598 Consumer installment 116,877 - 562 - 117,439 Indirect auto 397,203 - 3,064 - 400,267 Total loans, excluding PCI loans $ 6,946,107 $ 82,685 $ 105,417 $ - $ 7,134,209 Owner occupied commercial real estate $ 3,628 $ 4,851 $ 9,536 $ - $ 18,015 Income producing commercial real estate 12,459 9,739 2,931 - 25,129 Commercial & industrial 426 403 219 - 1,048 Commercial construction 4,742 2,391 1,642 - 8,775 Total commercial 21,255 17,384 14,328 - 52,967 Residential mortgage 9,732 - 2,834 - 12,566 Home equity lines of credit 663 - 780 - 1,443 Residential construction 431 - 18 - 449 Consumer installment 1,273 - 30 - 1,303 Indirect auto - - - - - Total PCI loans $ 33,354 $ 17,384 $ 17,990 $ - $ 68,728 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 |