Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of loans and leases

Loans and Leases at June 30, 2016 and December 31, 2015 were as follows:

 

    06/30/2016   12/31/2015
(in thousands)   Originated   Acquired   Total
Loans and Leases		   Originated   Acquired   Total Loans and Leases
Commercial and industrial                                                
Agriculture   $ 76,872     $ 0     $ 76,872     $ 88,299     $ 0     $ 88,299  
Commercial and industrial other     814,470       84,947       899,417       768,024       84,810       852,834  
Subtotal commercial and industrial     891,342       84,947       976,289       856,323       84,810       941,133  
Commercial real estate                                                
Construction     125,447       4,796       130,243       103,037       4,892       107,929  
Agriculture     97,645       5,253       102,898       86,935       2,095       89,030  
Commercial real estate other     1,291,764       253,707       1,545,471       1,167,250       284,952       1,452,202  
Subtotal commercial real estate     1,514,856       263,756       1,778,612       1,357,222       291,939       1,649,161  
Residential real estate                                                
Home equity     204,138       38,232       242,370       202,578       42,092       244,670  
Mortgages     870,869       26,304       897,173       823,841       27,491       851,332  
Subtotal residential real estate     1,075,007       64,536       1,139,543       1,026,419       69,583       1,096,002  
Consumer and other                                                
Indirect     17,034       0       17,034       17,829       0       17,829  
Consumer and other     41,925       977       42,902       40,904       911       41,815  
Subtotal consumer and other     58,959       977       59,936       58,733       911       59,644  
Leases     14,687       0       14,687       14,861       0       14,861  
Covered loans     0       12,269       12,269       0       14,031       14,031  
Total loans and leases     3,554,851       426,485       3,981,336       3,313,558       461,274       3,774,832  
Less: unearned income and deferred costs and fees     (3,223 )     0       (3,223 )     (2,790 )     0       (2,790 )
Total loans and leases, net of unearned income and deferred costs and fees   $ 3,551,628     $ 426,485     $ 3,978,113     $ 3,310,768     $ 461,274     $ 3,772,042  
Schedule of outstanding principal and carrying amount of loans acquired

The outstanding principal balance and the related carrying amount of the Company’s loans acquired in the VIST Bank acquisition are as follows at June 30, 2016 and December 31, 2015:

 

(in thousands)   06/30/2016   12/31/2015
Acquired Credit Impaired Loans        
Outstanding principal balance   $ 29,916     $ 32,752  
Carrying amount     24,587       26,507  
                 
Acquired Non-Credit Impaired Loans                
Outstanding principal balance     405,858       439,389  
Carrying amount     401,898       434,767  
                 
Total Acquired Loans                
Outstanding principal balance     435,774       472,141  
Carrying amount     426,485       461,274  
Schedule of the change in the accretable yield

The following tables present changes in accretable yield on loans acquired from VIST Bank that were considered credit impaired.

 

(in thousands)    
Balance at January 1, 2015   $ 8,604  
Accretion     (2,696 )
Disposals (loans paid in full)     (331 )
Reclassifications to/from nonaccretable difference1     1,215  
Balance at December 31, 2015   $ 6,792  

 

(in thousands)    
Balance at January 1, 2016   $ 6,792  
Accretion     (910 )
Reclassifications to/from nonaccretable difference1     (331 )
Balance at June 30, 2016   $ 5,551  

 

1 Results in increased interest income as a prospective yield adjustment over the remaining life of the loans, as well as increased interest income from loan sales, modification and prepayments.
Schedule of age analysis of past due loans

The below table is an age analysis of past due loans, segregated by originated and acquired loan and lease portfolios, and by class of loans, as of June 30, 2016 and December 31, 2015.

 

June 30, 2016
(in thousands)   30-89 days   90 days or more   Current Loans   Total Loans   90 days and accruing1    Nonaccrual
Originated Loans and Leases                        
Commercial and industrial                        
Agriculture   $ 0     $ 0     $ 76,872     $ 76,872     $ 0     $ 0  
Commercial and industrial other     454       92       813,924       814,470       0       159  
Subtotal commercial and industrial     454       92       890,796       891,342       0       159  
Commercial real estate                                                
Construction     0       0       125,447       125,447       0       0  
Agriculture     0       0       97,645       97,645       0       11  
Commercial real estate other     1,006       2,378       1,288,380       1,291,764       0       4,420  
Subtotal commercial real estate     1,006       2,378       1,511,472       1,514,856       0       4,431  
Residential real estate                                                
Home equity     528       1,297       202,313       204,138       55       1,416  
Mortgages     1,921       3,622       865,326       870,869       34       4,914  
Subtotal residential real estate     2,449       4,919       1,067,639       1,075,007       89       6,330  
Consumer and other                                                
Indirect     499       69       16,466       17,034       0       79  
Consumer and other     56       0       41,869       41,925       0       9  
Subtotal consumer and other     555       69       58,335       58,959       0       88  
Leases     0       0       14,687       14,687       0       0  
Total loans and leases     4,464       7,458       3,542,929       3,554,851       89       11,008  
Less: unearned income and deferred costs and fees     0       0       (3,223 )     (3,223 )     0       0  
Total originated loans and leases, net of unearned income and deferred costs and fees   $ 4,464     $ 7,458     $ 3,539,706     $ 3,551,628     $ 89     $ 11,008  
Acquired Loans and Leases                                                
Commercial and industrial                                                
Commercial and industrial other     0       100       84,847       84,947       53       47  
Subtotal commercial and industrial     0       100       84,847       84,947       53       47  
Commercial real estate                                                
Construction     0       253       4,543       4,796       0       253  
Agriculture     0       0       5,253       5,253       0       0  
Commercial real estate other     50       1,307       252,350       253,707       508       2,809  
Subtotal commercial real estate     50       1,560       262,146       263,756       508       3,062  
Residential real estate                                                
Home equity     308       569       37,355       38,232       0       636  
Mortgages     539       1,435       24,330       26,304       826       1,086  
Subtotal residential real estate     847       2,004       61,685       64,536       826       1,722  
Consumer and other                                                
Consumer and other     3       0       974       977       0       0  
Subtotal consumer and other     3       0       974       977       0       0  
Covered loans     850       475       10,944       12,269       474       0  
Total acquired loans and leases, net of unearned income and deferred costs and fees   $ 1,750     $ 4,139     $ 420,596     $ 426,485     $ 1,861     $ 4,831  

  

December 31, 2015
(in thousands)   30-89 days   90 days or more   Current Loans   Total Loans   90 days and accruing1    Nonaccrual
Originated loans and leases                        
Commercial and industrial                                                
Agriculture   $ 0     $ 0     $ 88,299     $ 88,299     $ 0     $ 0  
Commercial and industrial other     507       867       766,650       768,024       0       1,091  
Subtotal commercial and industrial     507       867       854,949       856,323       0       1,091  
Commercial real estate                                                
Construction     0       0       103,037       103,037       0       0  
Agriculture     0       0       86,935       86,935       0       106  
Commercial real estate other     225       3,580       1,163,445       1,167,250       0       4,365  
Subtotal commercial real estate     225       3,580       1,353,417       1,357,222       0       4,471  
Residential real estate                                                
Home equity     729       1,868       199,981       202,578       58       1,873  
Mortgages     1,161       5,140       817,540       823,841       0       5,889  
Subtotal residential real estate     1,890       7,008       1,017,521       1,026,419       58       7,762  
Consumer and other                                                
Indirect     494       250       17,085       17,829       0       107  
Consumer and other     164       0       40,740       40,904       0       75  
Subtotal consumer and other     658       250       57,825       58,733       0       182  
Leases     0       0       14,861       14,861       0       0  
Total loans and leases     3,280       11,705       3,298,573       3,313,558       58       13,506  
Less: unearned income and deferred costs and fees     0       0       (2,790 )     (2,790 )     0       0  
Total originated loans and leases, net of unearned income and deferred costs and fees   $ 3,280     $ 11,705     $ 3,295,783     $ 3,310,768     $ 58     $ 13,506  
Acquired loans and leases                                                
Commercial and industrial                                                
Commercial and industrial other     20       936       83,854       84,810       338       647  
Subtotal commercial and industrial     20       936       83,854       84,810       338       647  
Commercial real estate                                                
Construction     0       359       4,533       4,892       0       359  
Agriculture     0       0       2,095       2,095       0       0  
Commercial real estate other     150       1,671       283,131       284,952       550       1,224  
Subtotal commercial real estate     150       2,030       289,759       291,939       550       1,583  
Residential real estate                                                
Home equity     426       364       41,302       42,092       0       712  
Mortgages     336       1,926       25,229       27,491       1,103       1,389  
Subtotal residential real estate     762       2,290       66,531       69,583       1,103       2,101  
Consumer and other                                                
Consumer and other     1       0       910       911       0       0  
Subtotal consumer and other     1       0       910       911       0       0  
Covered loans     276       524       13,231       14,031       524       0  
Total acquired loans and leases, net of unearned income and deferred costs and fees   $ 1,209     $ 5,780     $ 454,285     $ 461,274     $ 2,515     $ 4,331  

   

1 Includes acquired loans that were recorded at fair value at the acquisition date.