| Summary of Loan Balances |
A summary of loan balances follows (in thousands):
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December 31, 2015 |
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| |
|
Originated |
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|
PNCI |
|
|
PCI -
Cash basis |
|
|
PCI -
Other |
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|
Total |
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|
Mortgage loans on real estate:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 family
|
|
$ |
207,585 |
|
|
$ |
104,535 |
|
|
|
— |
|
|
$ |
2,145 |
|
|
$ |
314,265 |
|
|
Commercial
|
|
|
1,163,643 |
|
|
|
310,864 |
|
|
|
— |
|
|
|
23,060 |
|
|
|
1,497,567 |
|
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Total mortgage loan on real estate
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|
1,371,228 |
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|
415,399 |
|
|
|
— |
|
|
|
25,205 |
|
|
|
1,811,832 |
|
|
Consumer:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity lines of credit
|
|
|
285,419 |
|
|
|
29,335 |
|
|
|
4,954 |
|
|
|
2,784 |
|
|
|
322,492 |
|
|
Home equity loans
|
|
|
34,717 |
|
|
|
4,018 |
|
|
|
124 |
|
|
|
1,503 |
|
|
|
40,362 |
|
|
Other
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|
|
28,998 |
|
|
|
3,367 |
|
|
|
— |
|
|
|
64 |
|
|
|
32,429 |
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|
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|
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Total consumer loans
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|
349,134 |
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|
|
36,720 |
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|
|
5,078 |
|
|
|
4,351 |
|
|
|
395,283 |
|
|
Commercial
|
|
|
170,320 |
|
|
|
19,744 |
|
|
|
1 |
|
|
|
4,848 |
|
|
|
194,913 |
|
|
Construction:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Residential
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|
|
31,778 |
|
|
|
13,636 |
|
|
|
— |
|
|
|
721 |
|
|
|
46,135 |
|
|
Commercial
|
|
|
66,285 |
|
|
|
8,489 |
|
|
|
— |
|
|
|
— |
|
|
|
74,774 |
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Total construction
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|
|
98,063 |
|
|
|
22,125 |
|
|
|
— |
|
|
|
721 |
|
|
|
120,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total loans, net of deferred loan fees and discounts
|
|
$ |
1,988,745 |
|
|
$ |
493,988 |
|
|
$ |
5,079 |
|
|
$ |
35,125 |
|
|
$ |
2,522,937 |
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Total principal balance of loans owed, net of charge-offs
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|
$ |
1,995,296 |
|
|
$ |
507,935 |
|
|
$ |
12,686 |
|
|
$ |
39,693 |
|
|
$ |
2,555,610 |
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|
Unamortized net deferred loan fees
|
|
|
(6,551 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6,551 |
) |
|
Discounts to principal balance of loans owed, net of
charge-offs
|
|
|
— |
|
|
|
(13,947 |
) |
|
|
(7,607 |
) |
|
|
(4,568 |
) |
|
|
(26,122 |
) |
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
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|
Total loans, net of unamortized deferred loan fees and
discounts
|
|
$ |
1,988,745 |
|
|
$ |
493,988 |
|
|
$ |
5,079 |
|
|
$ |
35,125 |
|
|
$ |
2,522,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Noncovered loans
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|
$ |
1,988,745 |
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|
$ |
493,988 |
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|
$ |
5,079 |
|
|
$ |
29,890 |
|
|
$ |
2,517,702 |
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|
Covered loans
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|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,235 |
|
|
|
5,235 |
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans, net of unamortized deferred loan fees and
discounts
|
|
$ |
1,988,745 |
|
|
$ |
493,988 |
|
|
$ |
5,079 |
|
|
$ |
35,125 |
|
|
$ |
2,522,937 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Allowance for loan losses
|
|
$ |
(31,271 |
) |
|
$ |
(1,848 |
) |
|
$ |
(121 |
) |
|
$ |
(2,771 |
) |
|
$ |
(36,011 |
) |
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A summary of loan balances follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2014 |
|
| |
|
Originated |
|
|
PNCI |
|
|
PCI -
Cash basis |
|
|
PCI -
Other |
|
|
Total |
|
|
Mortgage loans on real estate:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 family
|
|
$ |
154,594 |
|
|
$ |
120,821 |
|
|
|
— |
|
|
$ |
4,005 |
|
|
$ |
279,420 |
|
|
Commercial
|
|
|
928,797 |
|
|
|
376,225 |
|
|
|
— |
|
|
|
30,917 |
|
|
|
1,335,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total mortgage loan on real estate
|
|
|
1,083,391 |
|
|
|
497,046 |
|
|
|
— |
|
|
|
34,922 |
|
|
|
1,615,359 |
|
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity lines of credit
|
|
|
305,166 |
|
|
|
38,397 |
|
|
$ |
5,478 |
|
|
|
3,543 |
|
|
|
352,584 |
|
|
Home equity loans
|
|
|
23,559 |
|
|
|
6,985 |
|
|
|
125 |
|
|
|
645 |
|
|
|
31,314 |
|
|
Auto Indirect
|
|
|
112 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
112 |
|
|
Other
|
|
|
28,230 |
|
|
|
4,770 |
|
|
|
— |
|
|
|
74 |
|
|
|
33,074 |
|
|
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|
|
|
|
|
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|
|
|
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|
|
|
|
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|
Total consumer loans
|
|
|
357,067 |
|
|
|
50,152 |
|
|
|
5,603 |
|
|
|
4,262 |
|
|
|
417,084 |
|
|
Commercial
|
|
|
126,611 |
|
|
|
40,899 |
|
|
|
8 |
|
|
|
7,427 |
|
|
|
174,945 |
|
|
Construction:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
|
|
|
21,135 |
|
|
|
16,808 |
|
|
|
— |
|
|
|
675 |
|
|
|
38,618 |
|
|
Commercial
|
|
|
24,545 |
|
|
|
11,973 |
|
|
|
— |
|
|
|
— |
|
|
|
36,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total construction
|
|
|
45,680 |
|
|
|
28,781 |
|
|
|
— |
|
|
|
675 |
|
|
|
75,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans, net of deferred loan fees and discounts
|
|
$ |
1,612,749 |
|
|
$ |
616,878 |
|
|
$ |
5,611 |
|
|
$ |
47,286 |
|
|
$ |
2,282,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total principal balance of loans owed, net of charge-offs
|
|
$ |
1,617,542 |
|
|
$ |
634,490 |
|
|
$ |
14,805 |
|
|
$ |
56,016 |
|
|
$ |
2,322,853 |
|
|
Unamortized net deferred loan fees
|
|
|
(4,793 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(4,793 |
) |
|
Discounts to principal balance of loans owed, net of
charge-offs
|
|
|
— |
|
|
|
(17,612 |
) |
|
|
(9,194 |
) |
|
|
(8,730 |
) |
|
|
(35,536 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans, net of unamortized deferred loan fees and
discounts
|
|
$ |
1,612,749 |
|
|
$ |
616,878 |
|
|
$ |
5,611 |
|
|
$ |
47,286 |
|
|
$ |
2,282,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncovered loans
|
|
$ |
1,612,749 |
|
|
$ |
616,878 |
|
|
$ |
5,611 |
|
|
$ |
25,018 |
|
|
$ |
2,260,256 |
|
|
Covered loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
22,268 |
|
|
|
22,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans, net of unamortized deferred loan fees and
discounts
|
|
$ |
1,612,749 |
|
|
$ |
616,878 |
|
|
$ |
5,611 |
|
|
$ |
47,286 |
|
|
$ |
2,282,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses
|
|
$ |
(29,860 |
) |
|
$ |
(3,296 |
) |
|
$ |
(348 |
) |
|
$ |
(3,081 |
) |
|
$ |
(36,585 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|