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, 2016 2015 Owner occupied commercial real estate $ 1,512,185 $ 1,493,966 Income producing commercial real estate 1,105,293 823,729 Commercial & industrial 994,350 785,417 Commercial construction 388,861 342,078 Total commercial 4,000,689 3,445,190 Residential mortgage 1,055,166 1,029,663 Home equity lines of credit 698,356 597,806 Residential construction 378,329 351,700 Consumer installment 126,468 115,111 Indirect auto 466,102 455,971 Total loans 6,725,110 5,995,441 Less allowance for loan losses (62,961 ) (68,448 ) Loans, net $ 6,662,149 $ 5,926,993 At September 30, 2016 and December 31, 2015, loans totaling $3.05 billion and $2.44 billion, respectively, were pledged as collateral to secure Federal Home Loan Bank advances and other contingent funding sources. At September 30, 2016, 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 Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Balance at beginning of period $ 5,337 $ 946 $ 4,279 $ - Additions due to acquisitions 2,113 4,834 2,113 5,863 Accretion (1,116 ) (316 ) (3,058 ) (399 ) Reclassification from nonaccretable difference 1,455 - 2,908 - Changes in expected cash flows that do not affect nonaccretable difference 362 - 1,909 - Balance at end of period $ 8,151 $ 5,464 $ 8,151 $ 5,464 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, 2016 and December 31, 2015, the remaining accretable fair value marks on loans acquired through a business combination and not accounted for under ASC 310-30 were $8.30 million and $7.03 million, respectively. In addition, indirect auto loans purchased at a premium outside of a business combination have a remaining premium of $11.8 million and $12.0 million, respectively, as of September 30, 2016 and December 31, 2015. 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) 2016 2015 Three Months Ended September 30, Beginning Charge- Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 14,432 $ (276 ) $ 108 $ (207 ) $ 14,057 $ 16,339 $ (463 ) $ 228 $ (495 ) $ 15,609 Income producing commercial real estate 5,522 (201 ) 44 1,587 6,952 8,200 (126 ) 231 (532 ) 7,773 Commercial & industrial 3,207 (850 ) 398 689 3,444 4,728 (508 ) 319 1,041 5,580 Commercial construction 8,938 (14 ) 100 350 9,374 4,895 (80 ) 21 1,659 6,495 Residential mortgage 15,662 (253 ) 508 (179 ) 15,738 19,052 (848 ) 415 (1,880 ) 16,739 Home equity lines of credit 5,318 (321 ) 54 191 5,242 5,479 (413 ) 120 1,119 6,305 Residential construction 9,005 (269 ) 134 (2,990 ) 5,880 9,337 (50 ) 174 (1,078 ) 8,383 Consumer installment 723 (426 ) 190 183 670 688 (496 ) 221 352 765 Indirect auto 1,446 (354 ) 69 443 1,604 1,411 (175 ) 13 164 1,413 Total allowance for loan losses 64,253 (2,964 ) 1,605 67 62,961 70,129 (3,159 ) 1,742 350 69,062 Allowance for unfunded commitments 2,369 - - (367 ) 2,002 2,580 - - 350 2,930 Total allowance for credit losses $ 66,622 $ (2,964 ) $ 1,605 $ (300 ) $ 64,963 $ 72,709 $ (3,159 ) $ 1,742 $ 700 $ 71,992 Nine Months Ended September 30, Beginning Charge- Recoveries (Release) Ending Beginning Charge- Recoveries (Release) Ending Owner occupied commercial real estate $ 16,732 $ (1,288 ) $ 251 $ (1,638 ) $ 14,057 $ 16,041 $ (1,194 ) $ 317 $ 445 $ 15,609 Income producing commercial real estate 8,235 (544 ) 199 (938 ) 6,952 10,296 (448 ) 588 (2,663 ) 7,773 Commercial & industrial 4,442 (1,645 ) 1,302 (655 ) 3,444 3,255 (1,139 ) 1,236 2,228 5,580 Commercial construction 5,583 (325 ) 102 4,014 9,374 4,747 (249 ) 72 1,925 6,495 Residential mortgage 17,232 (1,489 ) 866 (871 ) 15,738 20,311 (2,535 ) 899 (1,936 ) 16,739 Home equity lines of credit 6,042 (1,513 ) 361 352 5,242 4,574 (834 ) 160 2,405 6,305 Residential construction 7,961 (598 ) 575 (2,058 ) 5,880 10,603 (1,689 ) 645 (1,176 ) 8,383 Consumer installment 828 (1,295 ) 625 512 670 731 (1,171 ) 784 421 765 Indirect auto 1,393 (953 ) 142 1,022 1,604 1,061 (433 ) 34 751 1,413 Total allowance for loan losses 68,448 (9,650 ) 4,423 (260 ) 62,961 71,619 (9,692 ) 4,735 2,400 69,062 Allowance for unfunded commitments 2,542 - - (540 ) 2,002 1,930 - - 1,000 2,930 Total allowance for credit losses $ 70,990 $ (9,650 ) $ 4,423 $ (800 ) $ 64,963 $ 73,549 $ (9,692 ) $ 4,735 $ 3,400 $ 71,992 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, 2016 December 31, 2015 Individually evaluated for impairment Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 1,212 $ 12,845 $ - $ 14,057 $ 1,465 $ 15,267 $ - $ 16,732 Income producing commercial real estate 714 6,238 - 6,952 961 7,274 - 8,235 Commercial & industrial 64 3,380 - 3,444 280 4,162 - 4,442 Commercial construction 42 9,303 29 9,374 13 5,570 - 5,583 Residential mortgage 3,613 12,124 1 15,738 3,885 13,347 - 17,232 Home equity lines of credit 3 5,231 8 5,242 6 6,036 - 6,042 Residential construction 139 5,736 5 5,880 174 7,787 - 7,961 Consumer installment 9 661 - 670 13 815 - 828 Indirect auto - 1,604 - 1,604 - 1,393 - 1,393 Total allowance for loan losses 5,796 57,122 43 62,961 6,797 61,651 - 68,448 Allowance for unfunded commitments - 2,002 - 2,002 - 2,542 - 2,542 Total allowance for credit losses $ 5,796 $ 59,124 $ 43 $ 64,963 $ 6,797 $ 64,193 $ - $ 70,990 Loans Outstanding September 30, 2016 December 31, 2015 Individually Collectively PCI Ending Individually Collectively PCI Ending Owner occupied commercial real estate $ 34,319 $ 1,459,218 $ 18,648 $ 1,512,185 $ 38,268 $ 1,442,024 $ 13,674 $ 1,493,966 Income producing commercial real estate 28,418 1,052,242 24,633 1,105,293 23,013 772,945 27,771 823,729 Commercial & industrial 2,515 990,788 1,047 994,350 3,339 781,423 655 785,417 Commercial construction 1,383 382,283 5,195 388,861 10,616 329,320 2,142 342,078 Residential mortgage 19,586 1,029,629 5,951 1,055,166 19,627 1,005,860 4,176 1,029,663 Home equity lines of credit 103 690,865 7,388 698,356 167 595,951 1,688 597,806 Residential construction 5,925 367,900 4,504 378,329 7,900 342,677 1,123 351,700 Consumer installment 285 126,012 171 126,468 329 114,741 41 115,111 Indirect auto 1,022 465,072 8 466,102 749 455,173 49 455,971 Total loans $ 93,556 $ 6,564,009 $ 67,545 $ 6,725,110 $ 104,008 $ 5,840,114 $ 51,319 5,995,441 Excluding loans accounted for under ASC 310-30, management individually evaluates all loans that are on nonaccrual with a balance of $500,000 or greater and all troubled debt restructurings (“TDRs”) for impairment. 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 had previously used eight quarters of historical loss experience look-back period to determine the loss factors to be used in the reserve calculation for loans evaluated in the aggregate. Beginning in the third quarter of 2016, management extended the look-back period to 17 quarters to better capture the full range of the loss cycle balanced with the availability of reliable historical data. The look-back period will be extended by one quarter each quarter going forward. Management weights each quarter in the look-back period equally to capture the full range of the cycle. Management believes the weightings are appropriate to measure the probable losses incurred within the loan portfolio. 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 and charged off. 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 consisting of the Chief Credit Officer, Senior Risk Officers and Senior Credit Officers meet monthly to review charge-offs that have occurred during the previous month. 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, 2016 December 31, 2015 Unpaid Recorded Allowance Losses Unpaid Recorded Allowance Losses With no related allowance recorded: Owner occupied commercial real estate $ 13,030 $ 12,892 $ - $ 14,793 $ 14,460 $ - Income producing commercial real estate 17,144 16,963 - 13,044 12,827 - Commercial & industrial 473 473 - 493 469 - Commercial construction - - - - - - Total commercial 30,647 30,328 - 28,330 27,756 - Residential mortgage 692 689 - 791 791 - Home equity lines of credit - - - - - - Residential construction 1,439 1,388 - 3,731 3,429 - Consumer installment - - - - - - Indirect auto 1,022 1,022 - 749 749 - Total with no related allowance recorded 33,800 33,427 - 33,601 32,725 - With an allowance recorded: Owner occupied commercial real estate 22,096 21,427 1,212 24,043 23,808 1,465 Income producing commercial real estate 11,503 11,455 714 10,281 10,186 961 Commercial & industrial 2,218 2,042 64 2,957 2,870 280 Commercial construction 1,478 1,383 42 10,787 10,616 13 Total commercial 37,295 36,307 2,032 48,068 47,480 2,719 Residential mortgage 19,426 18,897 3,613 19,346 18,836 3,885 Home equity lines of credit 103 103 3 167 167 6 Residential construction 5,209 4,537 139 4,854 4,471 174 Consumer installment 314 285 9 354 329 13 Indirect auto - - - - - - Total with an allowance recorded 62,347 60,129 5,796 72,789 71,283 6,797 Total $ 96,147 $ 93,556 $ 5,796 $ 106,390 $ 104,008 $ 6,797 Excluding PCI loans, there were no loans more than 90 days past due and still accruing interest at September 30, 2016 or December 31, 2015. 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 covered 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, 2016 or December 31, 2015 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 $262,000 for the three months ended September 30, 2016 and 2015 and $686,000 for the nine months ended September 30, 2016 and 2015. 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) 2016 2015 Three Months Ended September 30, Average Interest Cash Basis Average Interest Cash Basis Owner occupied commercial real estate $ 33,387 $ 414 $ 414 $ 37,840 $ 484 $ 523 Income producing commercial real estate 28,487 375 343 20,802 265 281 Commercial & industrial 2,553 33 33 4,637 43 77 Commercial construction 1,411 26 26 12,584 116 116 Total commercial 65,838 848 816 75,863 908 997 Residential mortgage 19,653 201 196 23,176 242 197 Home equity lines of credit 103 1 1 477 5 5 Residential construction 6,115 59 60 8,560 123 123 Consumer installment 291 5 6 242 5 4 Indirect auto 959 11 11 - - - Total $ 92,959 $ 1,125 $ 1,090 $ 108,318 $ 1,283 $ 1,326 Nine Months Ended September 30, Owner occupied commercial real estate $ 31,648 $ 1,223 $ 1,249 $ 37,605 $ 1,413 $ 1,491 Income producing commercial real estate 28,726 943 940 21,427 805 810 Commercial & industrial 2,614 99 95 4,627 126 202 Commercial construction 1,462 70 70 12,340 349 353 Total commercial 64,450 2,335 2,354 75,999 2,693 2,856 Residential mortgage 19,860 670 664 21,955 667 633 Home equity lines of credit 103 3 3 504 15 15 Residential construction 6,372 197 203 9,294 371 381 Consumer installment 303 17 18 185 11 10 Indirect auto 871 33 33 - - - Total $ 91,959 $ 3,255 $ 3,275 $ 107,937 $ 3,757 $ 3,895 The following table presents the recorded investment in nonaccrual loans by loan class as of the dates indicated (in thousands) September 30, December 31, 2016 2015 Owner occupied commercial real estate $ 6,454 $ 7,036 Income producing commercial real estate 949 2,595 Commercial & industrial 1,079 892 Commercial construction 98 328 Total commercial 8,580 10,851 Residential mortgage 8,152 8,555 Home equity lines of credit 1,194 851 Residential construction 2,248 1,398 Consumer installment 98 175 Indirect auto 1,300 823 Total $ 21,572 $ 22,653 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 September 30, 2016 30 - 59 Days 60 - 89 Days > 90 Days Total Past Due PCI Loans Total Owner occupied commercial real estate $ 2,975 $ 1,279 $ 2,291 $ 6,545 $ 1,486,992 $ 18,648 $ 1,512,185 Income producing commercial real estate 667 - 180 847 1,079,813 24,633 1,105,293 Commercial & industrial 678 681 475 1,834 991,469 1,047 994,350 Commercial construction 365 - - 365 383,301 5,195 388,861 Total commercial 4,685 1,960 2,946 9,591 3,941,575 49,523 4,000,689 Residential mortgage 6,644 1,981 2,477 11,102 1,038,113 5,951 1,055,166 Home equity lines of credit 1,743 474 452 2,669 688,299 7,388 698,356 Residential construction 991 1,111 859 2,961 370,864 4,504 378,329 Consumer installment 648 43 8 699 125,598 171 126,468 Indirect auto 853 539 795 2,187 463,907 8 466,102 Total loans $ 15,564 $ 6,108 $ 7,537 $ 29,209 $ 6,628,356 $ 67,545 $ 6,725,110 As of December 31, 2015 Owner occupied commercial real estate $ 3,733 $ 1,686 $ 1,400 $ 6,819 $ 1,473,473 $ 13,674 $ 1,493,966 Income producing commercial real estate 204 1,030 621 1,855 794,103 27,771 823,729 Commercial & industrial 858 88 489 1,435 783,327 655 785,417 Commercial construction 159 - 76 235 339,701 2,142 342,078 Total commercial 4,954 2,804 2,586 10,344 3,390,604 44,242 3,445,190 Residential mortgage 5,111 1,338 3,544 9,993 1,015,494 4,176 1,029,663 Home equity lines of credit 1,118 188 287 1,593 594,525 1,688 597,806 Residential construction 2,180 239 344 2,763 347,814 1,123 351,700 Consumer installment 610 115 83 808 114,262 41 115,111 Indirect auto 611 311 561 1,483 454,439 49 455,971 Total loans $ 14,584 $ 4,995 $ 7,405 $ 26,984 $ 5,917,138 $ 51,319 $ 5,995,441 As of September 30, 2016 and December 31, 2015, $5.18 million and $6.37 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 $55,000 and $224,000 as of September 30, 2016 and December 31, 2015, respectively, to customers with outstanding loans that are classified as TDRs. The modification of the terms of the TDRs 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. The following table presents information on TDRs, including the number of loan contracts restructured and the pre- and post-modification recorded investment as of the dates indicated (dollars in thousands) September 30, 2016 December 31, 2015 Number of Pre- Post- Number of Pre- Post- Owner occupied commercial real estate 54 $ 26,050 $ 25,560 54 $ 32,544 $ 32,058 Income producing commercial real estate 31 21,012 21,012 29 15,703 15,629 Commercial & industrial 20 1,961 1,882 26 2,955 2,870 Commercial construction 8 1,463 1,383 14 10,785 10,616 Total commercial 113 50,486 49,837 123 61,987 61,173 Residential mortgage 171 19,036 18,768 173 19,101 18,836 Home equity lines of credit 2 103 103 2 167 167 Residential construction 48 5,971 5,381 44 5,663 5,334 Consumer installment 19 306 285 22 348 329 Indirect auto 61 1,022 1,022 49 749 749 Total loans 414 $ 76,924 $ 75,396 413 $ 88,015 $ 86,588 Loans modified under the terms of a TDR during the three and nine months ended September 30, 2016 and 2015 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 for the Three Months Ended September 30, New TDRs for the Nine Months Ended September 30, Pre- Post- Modified Within the Pre- Post- Modified Within the 2016 Number of Recorded Recorded Number of Recorded Number of Recorded Recorded Number of Recorded Investment Owner occupied commercial real estate 1 $ 1,007 $ 1,007 - $ - 7 $ 2,524 $ 2,524 1 $ 252 Income producing commercial real estate - - - - - - - - - - Commercial & industrial 2 66 66 2 34 5 1,012 1,012 2 34 Commercial construction - - - - - - - - - - Total commercial 3 1,073 1,073 2 34 12 3,536 3,536 3 286 Residential mortgage 7 862 807 - - 25 3,465 3,371 1 85 Home equity lines of credit - - - - - 1 38 38 - - Residential construction 2 272 272 - - 8 766 711 - - Consumer installment 2 14 14 - - 3 34 34 - - Indirect auto 8 226 226 - - 26 699 699 - - Total loans 22 $ 2,447 $ 2,392 2 $ 34 75 $ 8,538 $ 8,389 4 $ 371 2015 Owner occupied commercial real estate 3 $ 667 $ 666 1 $ 178 11 $ 13,204 $ 13,159 1 $ 178 Income producing commercial real estate - - - - - 3 310 310 - - Commercial & industrial 1 23 23 - - 7 1,203 1,203 - - Commercial construction - - - - - 1 233 233 - - Total commercial 4 690 689 1 178 22 14,950 14,905 1 178 Residential mortgage 10 939 939 - - 33 3,060 3,060 - - Home equity lines of credit - - - - - 1 83 74 - - Residential construction 1 347 347 - - 3 510 486 - - Consumer installment 4 58 58 - - 6 86 86 1 30 Indirect auto - - - - - - - - - - Total loans 19 $ 2,034 $ 2,033 1 $ 178 65 $ 18,689 $ 18,611 2 $ 208 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. 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 September 30, 2016 Pass Watch (1) Substandard Loss Total Owner occupied commercial real estate $ 1,443,160 $ 19,613 $ 30,764 $ - $ 1,493,537 Income producing commercial real estate 1,054,769 2,622 23,269 - 1,080,660 Commercial & industrial 978,008 5,007 10,288 - 993,303 Commercial construction 381,336 1,333 997 - 383,666 Total commercial 3,857,273 28,575 65,318 - 3,951,166 Residential mortgage 1,007,944 7,470 33,801 - 1,049,215 Home equity lines of credit 685,670 26 5,272 - 690,968 Residential construction 359,126 4,871 9,828 - 373,825 Consumer installment 125,540 - 757 - 126,297 Indirect auto 463,186 - 2,908 - 466,094 Total loans, excluding PCI loans $ 6,498,739 $ 40,942 $ 117,884 $ - $ 6,657,565 Owner occupied commercial real estate $ 2,211 $ 3,379 $ 13,058 $ - $ 18,648 Income producing commercial real estate 12,667 10,028 1,938 - 24,633 Commercial & industrial 92 117 838 - 1,047 Commercial construction 1,594 299 3,302 - 5,195 Total commercial 16,564 13,823 19,136 - 49,523 Residential mortgage 722 666 4,563 - 5,951 Home equity lines of credit 6,419 - 969 - 7,388 Residential construction 2,588 1,281 635 - 4,504 Consumer installment 168 - 3 - 171 Indirect auto - - 8 - 8 Total PCI loans $ 26,461 $ 15,770 $ 25,314 $ - $ 67,545 As of December 31, 2015 Owner occupied commercial real estate $ 1,414,353 $ 24,175 $ 41,764 $ - $ 1,480,292 Income producing commercial real estate 771,792 4,151 20,015 - 795,958 Commercial & industrial 770,287 8,171 6,304 - 784,762 Commercial construction 335,571 3,069 1,296 - 339,936 Total commercial 3,292,003 39,566 69,379 - 3,400,948 Residential mortgage 985,109 5,070 35,308 - 1,025,487 Home equity lines of credit 589,749 24 6,345 - 596,118 Residential construction 335,341 3,813 11,423 - 350,577 Consumer installment 114,178 - 892 - 115,070 Indirect auto 453,935 - 1,987 - 455,922 Total loans, excluding PCI loans $ 5,770,315 $ 48,473 $ 125,334 $ - $ 5,944,122 Owner occupied commercial real estate $ 1,811 $ 6,705 $ 4,809 $ 349 $ 13,674 Income producing commercial real estate 9,378 5,766 12,627 - 27,771 Commercial & industrial 17 83 505 50 655 Commercial construction 1,698 6 438 - 2,142 Total commercial 12,904 12,560 18,379 399 44,242 Residential mortgage - 410 3,766 - 4,176 Home equity lines of credit 214 - 1,474 - 1,688 Residential construction 345 39 227 512 1,123 Consumer installment 1 - 40 - 41 Indirect auto - - 49 - 49 Total PCI loans $ 13,464 $ 13,009 $ 23,935 $ 911 $ 51,319 (1) |