Loans and Leases and Allowance for Credit Losses | Note 6 – Loans and Leases and Allowance for Credit Losses Major classifications of the loan and lease portfolio (collectively referred to as the “loan portfolio” or “loans”) are summarized as of the dates indicated as follows (in thousands) March 31, December 31, 2018 2017 Owner occupied commercial real estate $ 1,897,826 $ 1,923,993 Income producing commercial real estate 1,677,300 1,595,174 Commercial & industrial 1,142,428 1,130,990 Commercial construction 690,530 711,936 Equipment financing 422,532 - Total commercial 5,830,616 5,362,093 Residential mortgage 992,111 973,544 Home equity lines of credit 712,275 731,227 Residential construction 189,662 183,019 Consumer direct 143,737 127,504 Indirect auto 315,848 358,185 Total loans 8,184,249 7,735,572 Less allowance for loan losses (61,085 ) (58,914 ) Loans, net $ 8,123,164 $ 7,676,658 At March 31, 2018 and December 31, 2017, loans totaling $3.84 billion and $3.73 billion, respectively, were pledged as collateral to secure Federal Home Loan Bank advances, securitized notes payable and other contingent funding sources. At March 31, 2018, the carrying value and outstanding balance of purchased credit impaired (“PCI”) loans accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (in thousands) Three Months Ended March 31, 2018 2017 Balance at beginning of period $ 17,686 $ 7,981 Additions due to acquisitions 1,830 - Accretion (2,546 ) (1,690 ) Reclassification from nonaccretable difference 591 889 Changes in expected cash flows that do not affect nonaccretable difference 475 582 Balance at end of period $ 18,036 $ 7,762 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 March 31, 2018 and December 31, 2017, the remaining accretable fair value discount on loans acquired through a business combination and not accounted for under ASC 310-30 were $4.97 million and $14.7 million, respectively. In addition, indirect auto loans purchased at a premium outside of a business combination have a remaining premium of $6.55 million and $7.84 million, respectively, as of March 31, 2018 and December 31, 2017. During the three months ended March 31, 2018, United did not purchase any indirect auto loans. During the three months ended March 31, 2017, United purchased indirect auto loans of $39.8 million. At March 31, 2018, equipment financing assets included leases of $24.9 million. The components of the net investment in leases are presented below (in thousands) March 31, 2018 Minimum future lease payments receivable $ 26,098 Estimated residual value of leased equipment 3,480 Initial direct costs 111 Security deposits (1,184 ) Purchase accounting premium 1,388 Unearned income (4,949 ) Net investment in leases $ 24,944 Minimum future lease payments expected to be received from lease contracts as of March 31, 2018 are as follows (in thousands) Year Remainder of 2018 $ 8,469 2019 8,337 2020 5,504 2021 2,656 2022 1,053 Thereafter 79 Total $ 26,098 Allowance for Credit Losses 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) Three Months Ended March 31, 2018 Beginning Balance Charge- Recoveries (Release) Provision Ending Owner occupied commercial real estate $ 14,776 $ (60 ) $ 103 $ (258 ) $ 14,561 Income producing commercial real estate 9,381 (657 ) 235 817 9,776 Commercial & industrial 3,971 (384 ) 389 99 4,075 Commercial construction 10,523 (363 ) 97 (223 ) 10,034 Equipment financing - (139 ) 97 2,333 2,291 Residential mortgage 10,097 (70 ) 123 71 10,221 Home equity lines of credit 5,177 (124 ) 35 (156 ) 4,932 Residential construction 2,729 - 64 251 3,044 Consumer direct 710 (651 ) 160 514 733 Indirect auto 1,550 (436 ) 80 224 1,418 Total allowance for loan losses 58,914 (2,884 ) 1,383 3,672 61,085 Allowance for unfunded commitments 2,312 - - 128 2,440 Total allowance for credit losses $ 61,226 $ (2,884 ) $ 1,383 $ 3,800 $ 63,525 Three Months Ended March 31, 2017 Beginning Balance Charge- Recoveries (Release) Provision Ending Balance Owner occupied commercial real estate $ 16,446 $ (25 ) $ 237 $ (989 ) $ 15,669 Income producing commercial real estate 8,843 (897 ) 27 905 8,878 Commercial & industrial 3,810 (216 ) 368 (237 ) 3,725 Commercial construction 13,405 (202 ) 572 (985 ) 12,790 Residential mortgage 8,545 (542 ) 12 1,056 9,071 Home equity lines of credit 4,599 (471 ) 49 353 4,530 Residential construction 3,264 - 9 (6 ) 3,267 Consumer direct 708 (442 ) 207 136 609 Indirect auto 1,802 (420 ) 55 567 2,004 Total allowance for loan losses 61,422 (3,215 ) 1,536 800 60,543 Allowance for unfunded commitments 2,002 - - - 2,002 Total allowance for credit losses $ 63,424 $ (3,215 ) $ 1,536 $ 800 $ 62,545 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 Credit Losses March 31, 2018 December 31, 2017 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 1,686 $ 12,875 $ - $ 14,561 $ 1,255 $ 13,521 $ - $ 14,776 Income producing commercial real estate 631 9,085 60 9,776 562 8,813 6 9,381 Commercial & industrial 61 4,014 - 4,075 27 3,944 - 3,971 Commercial construction 151 9,775 108 10,034 156 10,367 - 10,523 Equipment financing - 2,291 - 2,291 - - - - Residential mortgage 1,151 9,070 - 10,221 1,174 8,919 4 10,097 Home equity lines of credit 90 4,842 - 4,932 - 5,177 - 5,177 Residential construction 73 2,962 9 3,044 75 2,654 - 2,729 Consumer direct 7 724 2 733 7 700 3 710 Indirect auto 35 1,383 - 1,418 - 1,550 - 1,550 Total allowance for loan losses 3,885 57,021 179 61,085 3,256 55,645 13 58,914 Allowance for unfunded commitments - 2,440 - 2,440 - 2,312 - 2,312 Total allowance for credit losses $ 3,885 $ 59,461 $ 179 $ 63,525 $ 3,256 $ 57,957 $ 13 $ 61,226 Loans Outstanding March 31, 2018 December 31, 2017 Individually evaluated for impairment Collectively evaluated for impairment PCI Ending Balance Individually for impairment Collectively evaluated for impairment PCI Ending Balance Owner occupied commercial real estate $ 24,051 $ 1,853,032 $ 20,743 $ 1,897,826 $ 21,823 $ 1,876,411 $ 25,759 $ 1,923,993 Income producing commercial real estate 16,320 1,621,347 39,633 1,677,300 16,483 1,533,851 44,840 1,595,174 Commercial & industrial 2,536 1,139,101 791 1,142,428 2,654 1,126,894 1,442 1,130,990 Commercial construction 3,910 676,727 9,893 690,530 3,813 699,266 8,857 711,936 Equipment financing - 408,935 13,597 422,532 - - - - Residential mortgage 14,921 964,665 12,525 992,111 14,193 946,210 13,141 973,544 Home equity lines of credit 341 709,853 2,081 712,275 101 728,235 2,891 731,227 Residential construction 1,571 187,642 449 189,662 1,577 180,978 464 183,019 Consumer direct 268 142,090 1,379 143,737 270 126,114 1,120 127,504 Indirect auto 1,355 314,493 - 315,848 1,396 356,789 - 358,185 Total loans $ 65,273 $ 8,017,885 $ 101,091 $ 8,184,249 $ 62,310 $ 7,574,748 $ 98,514 $ 7,735,572 Impaired Loans 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. 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 in the loan portfolio 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 or establishing a specific reserve. 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 and Senior Credit Officers. 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 as of the dates indicated (in thousands) March 31, 2018 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Owner occupied commercial real estate $ 6,804 $ 5,880 $ - $ 1,238 $ 1,176 $ - Income producing commercial real estate 7,632 7,610 - 2,177 2,165 - Commercial & industrial 248 134 - 1,758 1,471 - Commercial construction 130 130 - 134 134 - Equipment financing - - - - - - Total commercial 14,814 13,754 - 5,307 4,946 - Residential mortgage 3,587 3,404 - 2,661 2,566 - Home equity lines of credit 550 234 - 393 101 - Residential construction 455 395 - 405 330 - Consumer direct 23 23 - 29 29 - Indirect auto 62 61 - 1,396 1,396 - Total with no related allowance recorded 19,491 17,871 - 10,191 9,368 - With an allowance recorded: Owner occupied commercial real estate 18,912 18,171 1,686 21,262 20,647 1,255 Income producing commercial real estate 8,979 8,710 631 14,419 14,318 562 Commercial & industrial 2,869 2,402 61 1,287 1,183 27 Commercial construction 4,028 3,780 151 3,917 3,679 156 Equipment financing - - - - - - Total commercial 34,788 33,063 2,529 40,885 39,827 2,000 Residential mortgage 11,961 11,517 1,151 12,086 11,627 1,174 Home equity lines of credit 116 107 90 - - - Residential construction 1,262 1,176 73 1,325 1,247 75 Consumer direct 251 245 7 244 241 7 Indirect auto 1,295 1,294 35 - - - Total with an allowance recorded 49,673 47,402 3,885 54,540 52,942 3,256 Total $ 69,164 $ 65,273 $ 3,885 $ 64,731 $ 62,310 $ 3,256 As of March 31, 2018 and December 31, 2017, $3.89 million and $3.26 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 $82,000 and $75,000 as of March 31, 2018 and December 31, 2017, respectively, 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 months ended March 31, 2018 and 2017 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- Modification Outstanding Post- Modification Outstanding Recorded Investment by Type of Modification TDRs Modified Within the Previous Twelve Months That Have Subsequently Defaulted during the Three Months Ended March 31, Number of Contracts Recorded Investment Rate Reduction Structure Other Total Number of Contracts Recorded Investment Three Months Ended March 31, 2018 Owner occupied commercial real estate 3 $ 994 $ - $ 978 $ - $ 978 2 $ 1,586 Income producing commercial real estate - - - - - - - - Commercial & industrial 1 81 - 5 - 5 - - Commercial construction - - - - - - - - Equipment financing - - - - - - - - Total commercial 4 1,075 - 983 - 983 2 1,586 Residential mortgage 2 340 - 340 - 340 - - Home equity lines of credit - - - - - - - - Residential construction - - - - - - - - Consumer direct - - - - - - - - Indirect auto - - - - - - - - Total loans $ 6 $ 1,415 $ - $ 1,323 $ - $ 1,323 2 $ 1,586 Three Months Ended March 31, 2017 Owner occupied commercial real estate - $ - $ - $ - $ - $ - - $ - Income producing commercial real estate - - - - - - - - Commercial & industrial 1 25 - 25 - 25 - - Commercial construction - - - - - - - - Total commercial 1 25 - 25 - 25 - - Residential mortgage 7 353 - 353 - 353 2 655 Home equity lines of credit - - - - - - - - Residential construction 1 40 40 - - 40 - - Consumer direct 1 6 - 6 - 6 - - Indirect auto - - - - - - - - Total loans 10 $ 424 $ 40 $ 384 $ - $ 424 2 $ 655 TDRs that subsequently default and are placed on nonaccrual are charged down to the fair value 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) 2018 2017 Three Months Ended March 31, Average Balance Interest Cash Basis Average Balance Interest Cash Basis Revenue Owner occupied commercial real estate $ 24,658 $ 245 $ 280 $ 29,858 $ 345 $ 336 Income producing commercial real estate 16,433 210 235 28,410 351 345 Commercial & industrial 2,596 40 42 1,939 27 28 Commercial construction 3,936 51 52 5,001 53 53 Equipment financing - - - - - - Total commercial 47,623 546 609 65,208 776 762 Residential mortgage 14,993 149 150 13,608 138 143 Home equity lines of credit 344 4 4 63 1 1 Residential construction 1,590 24 24 1,619 23 23 Consumer direct 291 5 5 287 5 6 Indirect auto 1,378 18 18 1,122 14 14 Total $ 66,219 $ 746 $ 810 $ 81,907 $ 957 $ 949 Nonaccrual loans include both homogeneous loans that are collectively evaluated for impairment and individually evaluated impaired loans. 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 March 31, 2018 or December 31, 2017 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 $342,000 and $277,000 for the three months ended March 31, 2018 and 2017, respectively. The following table presents the recorded investment in nonaccrual loans by loan class as of the dates indicated (in thousands) March 31, December 31, 2018 2017 Owner occupied commercial real estate $ 6,757 $ 4,923 Income producing commercial real estate 3,942 3,208 Commercial & industrial 1,917 2,097 Commercial construction 574 758 Equipment financing 428 - Total commercial 13,618 10,986 Residential mortgage 8,724 8,776 Home equity lines of credit 2,149 2,024 Residential construction 378 192 Consumer direct 146 43 Indirect auto 1,225 1,637 Total $ 26,240 $ 23,658 Excluding PCI loans, substantially all loans more than 90 days past due were on nonaccrual status at March 31, 2018 and December 31, 2017. 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 March 31, 2018 30 - 59 Days 60 - 89 Days > 90 Days Total Past Due PCI Loans Total Owner occupied commercial real estate $ 2,515 $ 3,034 $ 2,295 $ 7,844 $ 1,869,239 $ 20,743 $ 1,897,826 Income producing commercial real estate 518 732 2,865 4,115 1,633,552 39,633 1,677,300 Commercial & industrial 1,591 762 165 2,518 1,139,119 791 1,142,428 Commercial construction 643 261 316 1,220 679,417 9,893 690,530 Equipment financing 1,227 171 426 1,824 407,111 13,597 422,532 Total commercial 6,494 4,960 6,067 17,521 5,728,438 84,657 5,830,616 Residential mortgage 4,040 2,325 3,373 9,738 969,848 12,525 992,111 Home equity lines of credit 2,405 236 759 3,400 706,794 2,081 712,275 Residential construction 1,031 75 246 1,352 187,861 449 189,662 Consumer direct 724 92 85 901 141,457 1,379 143,737 Indirect auto 425 278 1,004 1,707 314,141 - 315,848 Total loans 15,119 7,966 11,534 34,619 8,048,539 101,091 8,184,249 Loans Past Due Loans Not As of December 31, 2017 30 - 59 Days 60 - 89 Days > 90 Days Total Past Due PCI Loans Total Owner occupied commercial real estate $ 3,810 $ 1,776 $ 1,530 $ 7,116 $ 1,891,118 $ 25,759 $ 1,923,993 Income producing commercial real estate 1,754 353 1,939 4,046 1,546,288 44,840 1,595,174 Commercial & industrial 2,139 869 1,133 4,141 1,125,407 1,442 1,130,990 Commercial construction 568 132 158 858 702,221 8,857 711,936 Total commercial 8,271 3,130 4,760 16,161 5,265,034 80,898 5,362,093 Residential mortgage 6,717 1,735 3,438 11,890 948,513 13,141 973,544 Home equity lines of credit 3,246 225 578 4,049 724,287 2,891 731,227 Residential construction 885 105 93 1,083 181,472 464 183,019 Consumer direct 739 133 - 872 125,512 1,120 127,504 Indirect auto 1,152 459 1,263 2,874 355,311 - 358,185 Total loans $ 21,010 $ 5,787 $ 10,132 $ 36,929 $ 7,600,129 $ 98,514 $ 7,735,572 Risk Ratings United categorizes commercial loans, with the exception of equipment financing receivables, 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. Equipment Financing Receivables and 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) Pass Watch Substandard Doubtful / Total As of March 31, 2018 Owner occupied commercial real estate $ 1,807,564 $ 31,628 $ 37,891 $ - $ 1,877,083 Income producing commercial real estate 1,596,626 17,825 23,216 - 1,637,667 Commercial & industrial 1,108,779 20,129 12,729 - 1,141,637 Commercial construction 653,223 22,459 4,955 - 680,637 Equipment financing 408,509 - 426 - 408,935 Total commercial 5,574,701 92,041 79,217 - 5,745,959 Residential mortgage 959,613 37 19,936 - 979,586 Home equity lines of credit 703,199 - 6,995 - 710,194 Residential construction 187,382 - 1,831 - 189,213 Consumer direct 140,783 595 980 - 142,358 Indirect auto 313,124 - 2,724 - 315,848 Total loans, excluding PCI loans $ 7,878,802 $ 92,673 $ 111,683 $ - $ 8,083,158 Owner occupied commercial real estate $ 4,816 $ 4,970 $ 10,957 $ - $ 20,743 Income producing commercial real estate 13,695 20,265 5,673 - 39,633 Commercial & industrial 330 270 191 - 791 Commercial construction 4,166 1,722 4,005 - 9,893 Equipment financing 13,183 - 414 - 13,597 Total commercial 36,190 27,227 21,240 - 84,657 Residential mortgage 8,555 395 3,575 - 12,525 Home equity lines of credit 1,436 - 645 - 2,081 Residential construction 396 - 53 - 449 Consumer direct 891 193 295 - 1,379 Indirect auto - - - - - Total PCI loans $ 47,468 $ 27,815 $ 25,808 $ - $ 101,091 As of December 31, 2017 Owner occupied commercial real estate $ 1,833,469 $ 33,571 $ 31,194 $ - $ 1,898,234 Income producing commercial real estate 1,495,805 30,780 23,749 - 1,550,334 Commercial & industrial 1,097,907 18,052 13,589 - 1,129,548 Commercial construction 693,873 2,947 6,259 - 703,079 Total commercial 5,121,054 85,350 74,791 - 5,281,195 Residential mortgage 939,706 - 20,697 - 960,403 Home equity lines of credit 721,142 - 7,194 - 728,336 Residential construction 180,567 - 1,988 - 182,555 Consumer direct 125,860 - 524 - 126,384 Indirect auto 354,788 - 3,397 - 358,185 Total loans, excluding PCI loans $ 7,443,117 $ 85,350 $ 108,591 $ - $ 7,637,058 Owner occupied commercial real estate $ 2,400 $ 8,163 $ 15,196 $ - $ 25,759 Income producing commercial real estate 13,392 21,928 9,520 - 44,840 Commercial & industrial 383 672 387 - 1,442 Commercial construction 3,866 2,228 2,763 - 8,857 Total commercial 20,041 32,991 27,866 - 80,898 Residential mortgage 9,566 173 3,402 - 13,141 Home equity lines of credit 1,579 427 885 - 2,891 Residential construction 423 - 41 - 464 Consumer direct 1,076 10 34 - 1,120 Indirect auto - - - - - Total PCI loans $ 32,685 $ 33,601 $ 32,228 $ - $ 98,514 |