Loans and Leases (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
| Loans Receivable |
Loans and leases receivable consisted of the following as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
|
(In thousands) |
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
857,629 |
|
|
$ |
2,324 |
|
|
$ |
859,953 |
|
|
$ |
735,501 |
|
|
$ |
4,849 |
|
|
$ |
740,350 |
|
Hotel/motel |
649,540 |
|
|
1,618 |
|
|
651,158 |
|
|
539,345 |
|
|
4,080 |
|
|
543,425 |
|
Gas station |
260,187 |
|
|
2,692 |
|
|
262,879 |
|
|
319,363 |
|
|
4,292 |
|
|
323,655 |
|
Other (1)
|
1,107,589 |
|
|
2,067 |
|
|
1,109,656 |
|
|
973,243 |
|
|
5,418 |
|
|
978,661 |
|
Construction |
55,962 |
|
|
— |
|
|
55,962 |
|
|
23,387 |
|
|
— |
|
|
23,387 |
|
Residential property |
337,791 |
|
|
976 |
|
|
338,767 |
|
|
234,879 |
|
|
1,157 |
|
|
236,036 |
|
Total real estate loans |
3,268,698 |
|
|
9,677 |
|
|
3,278,375 |
|
|
2,825,718 |
|
|
19,796 |
|
|
2,845,514 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
138,032 |
|
|
136 |
|
|
138,168 |
|
|
152,602 |
|
|
171 |
|
|
152,773 |
|
Commercial lines of credit |
136,231 |
|
|
— |
|
|
136,231 |
|
|
128,224 |
|
|
— |
|
|
128,224 |
|
International loans |
25,821 |
|
|
— |
|
|
25,821 |
|
|
31,879 |
|
|
— |
|
|
31,879 |
|
Total commercial and industrial loans |
300,084 |
|
|
136 |
|
|
300,220 |
|
|
312,705 |
|
|
171 |
|
|
312,876 |
|
Leases receivable |
243,294 |
|
|
— |
|
|
243,294 |
|
|
— |
|
|
— |
|
|
— |
|
Consumer loans (2)
|
22,830 |
|
|
50 |
|
|
22,880 |
|
|
24,879 |
|
|
47 |
|
|
24,926 |
|
Total loans and leases |
3,834,906 |
|
|
9,863 |
|
|
3,844,769 |
|
|
3,163,302 |
|
|
20,014 |
|
|
3,183,316 |
|
Allowance for loan and lease losses |
(31,458 |
) |
|
(971 |
) |
|
(32,429 |
) |
|
(37,494 |
) |
|
(5,441 |
) |
|
(42,935 |
) |
Loans and leases receivable, net |
$ |
3,803,448 |
|
|
$ |
8,892 |
|
|
$ |
3,812,340 |
|
|
$ |
3,125,808 |
|
|
$ |
14,573 |
|
|
$ |
3,140,381 |
|
|
|
(1) |
Includes, among other property types, mixed-use, apartment, office, industrial, faith-based facilities and warehouse; the remaining real estate categories represents less than one percent of the Bank's total loans and leases. |
|
|
(2) |
Consumer loans include home equity lines of credit of $17.7 million and $21.8 million as of December 31, 2016 and 2015, respectively.
|
|
| Loans Receivable to Loans Held for Sale |
The following table details the information on the sales and reclassifications of loans receivable to loans held for sale (excluding PCI loans) by portfolio segment for the years ended December 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial and
Industrial |
|
Total
Non-PCI |
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
Balance at beginning of period |
$ |
840 |
|
|
$ |
2,034 |
|
|
$ |
2,874 |
|
Origination of loans held for sale |
65,416 |
|
|
25,951 |
|
|
91,367 |
|
Sales of loans held for sale |
(58,836 |
) |
|
(26,065 |
) |
|
(84,901 |
) |
Principal payoffs and amortization |
(10 |
) |
|
(14 |
) |
|
(24 |
) |
Balance at end of period |
$ |
7,410 |
|
|
$ |
1,906 |
|
|
$ |
9,316 |
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
Balance at beginning of period |
$ |
3,323 |
|
|
$ |
2,128 |
|
|
$ |
5,451 |
|
Origination of loans held for sale |
56,247 |
|
|
30,410 |
|
|
86,657 |
|
Reclassification from loans receivable to loans held for sale |
360 |
|
|
— |
|
|
360 |
|
Sales of loans held for sale |
(59,030 |
) |
|
(30,441 |
) |
|
(89,471 |
) |
Principal payoffs and amortization |
(60 |
) |
|
(63 |
) |
|
(123 |
) |
Balance at end of period |
$ |
840 |
|
|
$ |
2,034 |
|
|
$ |
2,874 |
|
|
| Allowance for Loan and Lease Losses |
Activity in the allowance for loan and lease losses and allowance for off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-PCI Loans and Leases |
|
PCI Loans |
|
Total |
As of and for the Year Ended December 31, 2016 |
(In thousands) |
Balance at beginning of period |
$ |
37,494 |
|
|
$ |
5,441 |
|
|
$ |
42,935 |
|
Charge-offs |
(3,736 |
) |
|
(5,133 |
) |
|
(8,869 |
) |
Recoveries on loans and leases previously charged off |
2,702 |
|
|
— |
|
|
2,702 |
|
Net loan and lease recoveries (charge-offs) |
(1,034 |
) |
|
(5,133 |
) |
|
(6,167 |
) |
(Negative provision) provision charged to operating expense |
(5,002 |
) |
|
663 |
|
|
(4,339 |
) |
Balance at end of period |
$ |
31,458 |
|
|
$ |
971 |
|
|
$ |
32,429 |
|
|
|
|
|
|
|
As of and for the Year Ended December 31, 2015 |
|
|
|
|
|
Balance at beginning of period |
$ |
51,640 |
|
|
$ |
1,026 |
|
|
$ |
52,666 |
|
Charge-offs |
(3,531 |
) |
|
— |
|
|
(3,531 |
) |
Recoveries on loans and leases previously charged off |
5,423 |
|
|
— |
|
|
5,423 |
|
Net loan and lease recoveries (charge-offs) |
1,892 |
|
|
— |
|
|
1,892 |
|
(Negative provision) provision charged to operating expense |
(16,038 |
) |
|
4,415 |
|
|
(11,623 |
) |
Balance at end of period |
$ |
37,494 |
|
|
$ |
5,441 |
|
|
$ |
42,935 |
|
|
|
|
|
|
|
As of and for the Year Ended December 31, 2014 |
|
|
|
|
|
Balance at beginning of period |
$ |
57,555 |
|
|
$ |
— |
|
|
$ |
57,555 |
|
Charge-offs |
(6,992 |
) |
|
— |
|
|
(6,992 |
) |
Recoveries on loans and leases previously charged off |
8,361 |
|
|
— |
|
|
8,361 |
|
Net loan and lease recoveries (charge-offs) |
1,369 |
|
|
— |
|
|
1,369 |
|
(Negative provision) provision charged to operating expense |
(7,284 |
) |
|
1,026 |
|
|
(6,258 |
) |
Balance at end of period |
$ |
51,640 |
|
|
$ |
1,026 |
|
|
$ |
52,666 |
|
|
| Allowance for Loan and Lease Losses by Portfolio Segment |
The following table details the information on the allowance for loan and lease losses on non-PCI loans leases by portfolio segment for the years ended December 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial
and Industrial |
|
Leases
Receivable
|
|
Consumer |
|
Unallocated |
|
Total |
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses on non-PCI loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
29,800 |
|
|
$ |
7,081 |
|
|
— |
|
|
$ |
242 |
|
|
$ |
371 |
|
|
$ |
37,494 |
|
Charge-offs |
(3,022 |
) |
|
(706 |
) |
|
(6 |
) |
|
(2 |
) |
|
— |
|
|
(3,736 |
) |
Recoveries on loans and leases previously charged off |
667 |
|
|
1,978 |
|
|
1 |
|
|
56 |
|
|
— |
|
|
2,702 |
|
(Negative provision) provision |
(2,233 |
) |
|
(2,771 |
) |
|
312 |
|
|
(105 |
) |
|
(205 |
) |
|
(5,002 |
) |
Ending balance |
$ |
25,212 |
|
|
$ |
5,582 |
|
|
$ |
307 |
|
|
$ |
191 |
|
|
$ |
166 |
|
|
$ |
31,458 |
|
Ending balance: individually evaluated for impairment |
$ |
3,980 |
|
|
$ |
347 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,327 |
|
Ending balance: collectively evaluated for impairment |
$ |
21,232 |
|
|
$ |
5,235 |
|
|
$ |
307 |
|
|
$ |
191 |
|
|
$ |
166 |
|
|
$ |
27,131 |
|
Non-PCI loans and leases receivable: |
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
$ |
3,268,698 |
|
|
$ |
300,084 |
|
|
$ |
243,294 |
|
|
$ |
22,830 |
|
|
$ |
— |
|
|
$ |
3,834,906 |
|
Ending balance: individually evaluated for impairment |
$ |
21,757 |
|
|
$ |
4,174 |
|
|
$ |
— |
|
|
$ |
419 |
|
|
$ |
— |
|
|
$ |
26,350 |
|
Ending balance: collectively evaluated for impairment |
$ |
3,246,941 |
|
|
$ |
295,910 |
|
|
$ |
243,294 |
|
|
$ |
22,411 |
|
|
$ |
— |
|
|
$ |
3,808,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses on PCI loans: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
5,397 |
|
|
$ |
42 |
|
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
5,441 |
|
Charge-offs |
(5,133 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(5,133 |
) |
Provision |
658 |
|
|
(1 |
) |
|
— |
|
|
6 |
|
|
— |
|
|
663 |
|
Ending balance: acquired with deteriorated credit quality |
$ |
922 |
|
|
$ |
41 |
|
|
$ |
— |
|
|
$ |
8 |
|
|
$ |
— |
|
|
$ |
971 |
|
PCI loans receivable: |
|
|
|
|
|
|
|
|
|
|
|
Ending balance: acquired with deteriorated credit quality |
$ |
9,677 |
|
|
$ |
136 |
|
|
$ |
— |
|
|
$ |
50 |
|
|
$ |
— |
|
|
$ |
9,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate |
|
Commercial
and Industrial
|
|
Consumer |
|
Unallocated |
|
Total |
December 31, 2015 |
|
|
|
|
|
|
|
|
|
Allowance for loan and lease losses on non-PCI loans: |
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
41,194 |
|
|
$ |
9,142 |
|
|
$ |
220 |
|
|
$ |
1,084 |
|
|
$ |
51,640 |
|
Charge-offs |
(565 |
) |
|
(2,966 |
) |
|
— |
|
|
— |
|
|
(3,531 |
) |
Recoveries on loans and leases previously charged off |
2,080 |
|
|
3,339 |
|
|
4 |
|
|
— |
|
|
5,423 |
|
Provision (negative provision) |
(12,909 |
) |
|
(2,434 |
) |
|
18 |
|
|
(713 |
) |
|
(16,038 |
) |
Ending balance |
$ |
29,800 |
|
|
$ |
7,081 |
|
|
$ |
242 |
|
|
$ |
371 |
|
|
$ |
37,494 |
|
Ending balance: individually evaluated for impairment |
$ |
3,858 |
|
|
$ |
587 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,445 |
|
Ending balance: collectively evaluated for impairment |
$ |
25,942 |
|
|
$ |
6,494 |
|
|
$ |
242 |
|
|
$ |
371 |
|
|
$ |
33,049 |
|
Non-PCI loans and leases receivable: |
|
|
|
|
|
|
|
|
|
Ending balance |
$ |
2,825,718 |
|
|
$ |
312,705 |
|
|
$ |
24,879 |
|
|
$ |
— |
|
|
$ |
3,163,302 |
|
Ending balance: individually evaluated for impairment |
$ |
27,341 |
|
|
$ |
6,853 |
|
|
$ |
1,665 |
|
|
$ |
— |
|
|
$ |
35,859 |
|
Ending balance: collectively evaluated for impairment |
$ |
2,798,377 |
|
|
$ |
305,852 |
|
|
$ |
23,214 |
|
|
$ |
— |
|
|
$ |
3,127,443 |
|
Allowance for loan losses on PCI loans: |
|
|
|
|
|
|
|
|
|
Beginning balance |
$ |
895 |
|
|
$ |
131 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,026 |
|
Provision |
4,502 |
|
|
(89 |
) |
|
2 |
|
|
— |
|
|
4,415 |
|
Ending balance: acquired with deteriorated credit quality |
$ |
5,397 |
|
|
$ |
42 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
5,441 |
|
PCI loans receivable: |
|
|
|
|
|
|
|
|
|
Ending balance: acquired with deteriorated credit quality |
$ |
19,796 |
|
|
$ |
171 |
|
|
$ |
47 |
|
|
$ |
— |
|
|
$ |
20,014 |
|
|
| Information on Impaired Loans and Leases, Disaggregated by Loan Class |
The following table provides information on impaired loans (excluding PCI loans), disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded
Investment |
|
Unpaid Principal
Balance |
|
With No
Related
Allowance
Recorded |
|
With an
Allowance
Recorded |
|
Related
Allowance |
|
Average
Recorded
Investment |
|
Interest
Income
Recognized |
|
|
|
|
|
(In thousands) |
|
|
|
|
|
|
As of or for The Year Ended December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
1,678 |
|
|
$ |
1,684 |
|
|
$ |
151 |
|
|
$ |
1,527 |
|
|
$ |
120 |
|
|
$ |
2,243 |
|
|
$ |
141 |
|
Hotel/motel |
6,227 |
|
|
6,823 |
|
|
2,243 |
|
|
3,984 |
|
|
3,078 |
|
|
4,887 |
|
|
454 |
|
Gas station |
4,984 |
|
|
5,092 |
|
|
4,984 |
|
|
— |
|
|
— |
|
|
4,831 |
|
|
645 |
|
Other |
6,070 |
|
|
6,808 |
|
|
3,127 |
|
|
2,943 |
|
|
782 |
|
|
7,104 |
|
|
681 |
|
Residential property |
2,798 |
|
|
2,851 |
|
|
2,798 |
|
|
— |
|
|
— |
|
|
2,656 |
|
|
112 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
4,106 |
|
|
4,171 |
|
|
1,229 |
|
|
2,877 |
|
|
347 |
|
|
4,815 |
|
|
307 |
|
Commercial lines of credit |
68 |
|
|
68 |
|
|
68 |
|
|
— |
|
|
— |
|
|
45 |
|
|
14 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
315 |
|
|
— |
|
Consumer loans |
419 |
|
|
489 |
|
|
419 |
|
|
— |
|
|
— |
|
|
622 |
|
|
29 |
|
Total Non-PCI loans |
$ |
26,350 |
|
|
$ |
27,986 |
|
|
$ |
15,019 |
|
|
$ |
11,331 |
|
|
$ |
4,327 |
|
|
$ |
27,518 |
|
|
$ |
2,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of or for The Year Ended December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
2,597 |
|
|
$ |
2,892 |
|
|
$ |
2,435 |
|
|
$ |
162 |
|
|
$ |
27 |
|
|
$ |
3,878 |
|
|
$ |
277 |
|
Hotel/motel |
7,168 |
|
|
7,538 |
|
|
2,873 |
|
|
4,295 |
|
|
3,068 |
|
|
6,628 |
|
|
572 |
|
Gas station |
5,393 |
|
|
5,815 |
|
|
4,400 |
|
|
993 |
|
|
112 |
|
|
7,116 |
|
|
436 |
|
Other |
9,288 |
|
|
10,810 |
|
|
7,219 |
|
|
2,069 |
|
|
647 |
|
|
10,218 |
|
|
795 |
|
Residential property |
2,895 |
|
|
3,081 |
|
|
2,608 |
|
|
287 |
|
|
4 |
|
|
2,839 |
|
|
120 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
5,257 |
|
|
5,621 |
|
|
1,858 |
|
|
3,399 |
|
|
457 |
|
|
6,637 |
|
|
368 |
|
Commercial lines of credit |
381 |
|
|
493 |
|
|
280 |
|
|
101 |
|
|
100 |
|
|
1,515 |
|
|
42 |
|
International loans |
1,215 |
|
|
1,215 |
|
|
647 |
|
|
568 |
|
|
30 |
|
|
1,257 |
|
|
— |
|
Consumer loans |
1,665 |
|
|
1,898 |
|
|
1,665 |
|
|
— |
|
|
— |
|
|
1,753 |
|
|
73 |
|
Total Non-PCI loans |
$ |
35,859 |
|
|
$ |
39,363 |
|
|
$ |
23,985 |
|
|
$ |
11,874 |
|
|
$ |
4,445 |
|
|
$ |
41,841 |
|
|
$ |
2,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of or for The Year Ended December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
4,436 |
|
|
$ |
4,546 |
|
|
$ |
1,938 |
|
|
$ |
2,498 |
|
|
$ |
220 |
|
|
$ |
5,373 |
|
|
$ |
251 |
|
Hotel/motel |
5,835 |
|
|
6,426 |
|
|
4,581 |
|
|
1,254 |
|
|
1,828 |
|
|
4,583 |
|
|
398 |
|
Gas station |
8,974 |
|
|
9,594 |
|
|
8,526 |
|
|
448 |
|
|
150 |
|
|
11,281 |
|
|
787 |
|
Other |
10,125 |
|
|
11,591 |
|
|
8,890 |
|
|
1,235 |
|
|
319 |
|
|
10,579 |
|
|
885 |
|
Residential property |
3,127 |
|
|
3,268 |
|
|
3,127 |
|
|
— |
|
|
— |
|
|
2,924 |
|
|
115 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
7,614 |
|
|
8,133 |
|
|
2,999 |
|
|
4,615 |
|
|
2,443 |
|
|
9,458 |
|
|
566 |
|
Commercial lines of credit |
466 |
|
|
575 |
|
|
466 |
|
|
— |
|
|
— |
|
|
1,205 |
|
|
66 |
|
International loans |
3,546 |
|
|
3,546 |
|
|
2,628 |
|
|
918 |
|
|
286 |
|
|
1,736 |
|
|
33 |
|
Consumer loans |
1,742 |
|
|
1,907 |
|
|
1,742 |
|
|
— |
|
|
— |
|
|
1,651 |
|
|
59 |
|
Total Non-PCI loans |
$ |
45,865 |
|
|
$ |
49,586 |
|
|
$ |
34,897 |
|
|
$ |
10,968 |
|
|
$ |
5,246 |
|
|
$ |
48,790 |
|
|
$ |
3,160 |
|
|
| Summary of Interest Foregone on Impaired Loans |
The following is a summary of interest foregone on impaired loans (excluding PCI loans) for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
|
(In thousands) |
Interest income that would have been recognized had impaired loans performed in accordance with their original terms |
$ |
3,053 |
|
|
$ |
4,168 |
|
|
$ |
4,468 |
|
Less: Interest income recognized on impaired loans |
(2,383 |
) |
|
(2,683 |
) |
|
(3,160 |
) |
Interest foregone on impaired loans |
$ |
670 |
|
|
$ |
1,485 |
|
|
$ |
1,308 |
|
|
| Non-Accrual Loans and Leases, Disaggregated by Loan Class |
The following table details nonaccrual loans and leases (excluding PCI loans), disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2016 |
|
2015 |
|
(In thousands) |
Real estate loans: |
|
|
|
Commercial property |
|
|
|
Retail |
$ |
404 |
|
|
$ |
946 |
|
Hotel/motel |
5,266 |
|
|
5,790 |
|
Gas station |
1,025 |
|
|
2,774 |
|
Other |
2,033 |
|
|
4,068 |
|
Residential property |
564 |
|
|
1,386 |
|
Commercial and industrial loans: |
|
|
|
Commercial term |
824 |
|
|
2,193 |
|
Commercial lines of credit |
— |
|
|
450 |
|
Leases receivable |
901 |
|
|
— |
|
Consumer loans |
389 |
|
|
1,511 |
|
Total nonaccrual Non-PCI loans and leases |
$ |
11,406 |
|
|
$ |
19,118 |
|
|
| Non-Performing Assets |
The following table details nonperforming assets (excluding PCI loans) as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2016 |
|
2015 |
|
(In thousands) |
Nonaccrual Non-PCI loans and leases |
$ |
11,406 |
|
|
$ |
19,118 |
|
Loans and leases 90 days or more past due and still accruing |
— |
|
|
— |
|
Total nonperforming Non-PCI loans and leases |
11,406 |
|
|
19,118 |
|
Other real estate owned |
7,484 |
|
|
8,511 |
|
Total nonperforming assets |
$ |
18,890 |
|
|
$ |
27,629 |
|
|
| Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type |
The following table details TDRs (excluding PCI loans), disaggregated by concession type and by loan type, as of December 31, 2016, 2015 and 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual TDRs |
|
Accrual TDRs |
|
Deferral of
Principal |
|
Deferral of
Principal and
Interest |
|
Reduction of
Principal
and Interest |
|
Extension of
Maturity |
|
Total |
|
Deferral of
Principal |
|
Deferral of
Principal and
Interest |
|
Reduction of
Principal
and Interest |
|
Extension of
Maturity |
|
Total |
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,228 |
|
|
|
|
|
$ |
1,228 |
|
Hotel/motel |
1,292 |
|
|
3,722 |
|
|
— |
|
|
— |
|
|
5,014 |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
— |
|
Gas station |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,324 |
|
|
|
|
|
— |
|
|
|
|
|
1,324 |
|
Other |
387 |
|
|
651 |
|
|
143 |
|
|
— |
|
|
1,181 |
|
|
2,688 |
|
|
|
|
|
286 |
|
|
1,344 |
|
|
4,318 |
|
Residential property |
— |
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
783 |
|
|
|
|
|
— |
|
|
289 |
|
|
1,072 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
149 |
|
|
71 |
|
|
69 |
|
|
419 |
|
|
708 |
|
|
22 |
|
|
198 |
|
|
2,135 |
|
|
662 |
|
|
3,017 |
|
Commercial lines of credit |
— |
|
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
68 |
|
|
68 |
|
Consumer loans |
|
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
— |
|
|
|
|
|
119 |
|
|
|
|
|
119 |
|
Total Non-PCI loans |
$ |
1,828 |
|
|
$ |
4,444 |
|
|
$ |
212 |
|
|
$ |
419 |
|
|
$ |
6,903 |
|
|
$ |
4,817 |
|
|
$ |
198 |
|
|
$ |
3,768 |
|
|
$ |
2,363 |
|
|
$ |
11,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
344 |
|
|
$ |
344 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,227 |
|
|
$ |
— |
|
|
$ |
1,227 |
|
Hotel/motel |
1,216 |
|
|
28 |
|
|
— |
|
|
— |
|
|
1,244 |
|
|
414 |
|
|
— |
|
|
— |
|
|
— |
|
|
414 |
|
Gas station |
959 |
|
|
— |
|
|
— |
|
|
— |
|
|
959 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other |
— |
|
|
1,301 |
|
|
216 |
|
|
8 |
|
|
1,525 |
|
|
3,537 |
|
|
— |
|
|
322 |
|
|
1,378 |
|
|
5,237 |
|
Residential property |
689 |
|
|
— |
|
|
— |
|
|
— |
|
|
689 |
|
|
— |
|
|
— |
|
|
— |
|
|
299 |
|
|
299 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
45 |
|
|
— |
|
|
997 |
|
|
679 |
|
|
1,721 |
|
|
40 |
|
|
214 |
|
|
1,673 |
|
|
945 |
|
|
2,872 |
|
Commercial lines of credit |
222 |
|
|
— |
|
|
— |
|
|
58 |
|
|
280 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Consumer loans |
— |
|
|
— |
|
|
116 |
|
|
— |
|
|
116 |
|
|
250 |
|
|
— |
|
|
— |
|
|
— |
|
|
250 |
|
Total Non-PCI loans |
$ |
3,131 |
|
|
$ |
1,329 |
|
|
$ |
1,329 |
|
|
$ |
1,089 |
|
|
$ |
6,878 |
|
|
$ |
4,241 |
|
|
$ |
214 |
|
|
$ |
3,222 |
|
|
$ |
2,622 |
|
|
$ |
10,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,032 |
|
|
$ |
2,032 |
|
|
$ |
306 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
306 |
|
Hotel/motel |
1,115 |
|
|
(53 |
) |
|
— |
|
|
— |
|
|
1,062 |
|
|
1,807 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,807 |
|
Gas station |
1,075 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,075 |
|
|
2,335 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,335 |
|
Other |
943 |
|
|
1,498 |
|
|
433 |
|
|
24 |
|
|
2,898 |
|
|
2,343 |
|
|
— |
|
|
782 |
|
|
1,372 |
|
|
4,497 |
|
Residential property |
742 |
|
|
— |
|
|
— |
|
|
— |
|
|
742 |
|
|
— |
|
|
— |
|
|
— |
|
|
308 |
|
|
308 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
14 |
|
|
(1 |
) |
|
2,556 |
|
|
1,481 |
|
|
4,050 |
|
|
57 |
|
|
226 |
|
|
567 |
|
|
1,358 |
|
|
2,208 |
|
Commercial lines of credit |
227 |
|
|
— |
|
|
126 |
|
|
113 |
|
|
466 |
|
|
2,156 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,156 |
|
International loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
200 |
|
|
— |
|
|
200 |
|
Consumer loans |
— |
|
|
— |
|
|
131 |
|
|
— |
|
|
131 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Non-PCI loans |
$ |
4,116 |
|
|
$ |
1,444 |
|
|
$ |
3,246 |
|
|
$ |
3,650 |
|
|
$ |
12,456 |
|
|
$ |
9,004 |
|
|
$ |
226 |
|
|
$ |
1,549 |
|
|
$ |
3,038 |
|
|
$ |
13,817 |
|
|
| Troubled Debt Restructurings, Disaggregated by Loan Class |
The following table details TDRs (excluding PCI loans), disaggregated by loan class, for the years ended December 31, 2016, 2015 and 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
December 31, 2014 |
|
Number of
Loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
Number of
Loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
Number of
Loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
|
|
|
|
|
|
(In thousands, except number of loans) |
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail (1)
|
1 |
|
|
$ |
21 |
|
|
$ |
23 |
|
|
1 |
|
|
$ |
1,230 |
|
|
$ |
1,227 |
|
|
2 |
|
|
$ |
2,205 |
|
|
$ |
2,032 |
|
Hotel/motel (2)
|
1 |
|
|
3,764 |
|
|
3,722 |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
832 |
|
|
821 |
|
Gas station (3)
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
2,040 |
|
|
1,979 |
|
Other (4)
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
725 |
|
|
724 |
|
|
3 |
|
|
1,422 |
|
|
1,352 |
|
Residential property (5)
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
317 |
|
|
308 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term (6)
|
5 |
|
|
403 |
|
|
331 |
|
|
10 |
|
|
973 |
|
|
801 |
|
|
5 |
|
|
721 |
|
|
629 |
|
Commercial lines of credit (7)
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3 |
|
|
2,366 |
|
|
2,509 |
|
International loans (8) |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
480 |
|
|
200 |
|
Consumer loans (9)
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
250 |
|
|
250 |
|
|
— |
|
|
— |
|
|
— |
|
Total Non-PCI loans |
7 |
|
|
$ |
4,188 |
|
|
$ |
4,076 |
|
|
14 |
|
|
$ |
3,178 |
|
|
$ |
3,002 |
|
|
17 |
|
|
$ |
10,383 |
|
|
$ |
9,830 |
|
|
|
(1) |
Includes a modification of $23,000 through a reduction of principal or accrued interest payment for the year ended December 31, 2016, a modification of $1.2 million through payment deferrals for the year ended December 31, 2015 and a modification of $2.0 million through payment deferrals for the year ended December 31, 2014.
|
|
|
(2) |
Includes a modification of $3.7 million through a payment deferral for the year ended December 31, 2016 and a modification of $821,000 through a payment deferral for the year ended December 31, 2014.
|
|
|
(3) |
Includes a modification of $2.0 million through a payment deferral for the year ended December 31, 2014.
|
|
|
(4) |
Includes a modification of $724,000 through a payment deferral for the year ended December 31, 2015 and modifications of $943,000 through a payment deferral, $385,000 through a reduction of principal or accrued interest and $24,000 through an extension of maturity for the year ended December 31, 2014.
|
|
|
(5) |
Includes a modification of $308,000 through an extension of maturity for the year ended December 31, 2014.
|
|
|
(6) |
Includes three modifications of $216,000 through payment deferrals, a modification of $65,000 through a reduction of principal or accrued interest payment and a modification of $50,000 through and extension of maturity for the year ended December 31, 2016. Includes modifications of $34,000 through payment deferral, $60,000 through reductions of principal or accrued interest and $707,000 through extensions of maturity for the year ended December 31, 2015 and modifications of $184,000 through reductions of principal or accrued interest and $445,000 through extensions of maturity for the year ended December 31, 2014.
|
|
|
(7) |
Includes modifications of $2.4 million through payment deferrals and $126,000 through a reduction of principal or accrued interest for the year ended December 31, 2014.
|
|
|
(8) |
Includes a modification of $200,000 through a reduction of principal or accrued interest for the year ended December 31, 2014.
|
|
|
(9) |
Includes a modification of $250,000 through a payment deferral for the year ended December 31, 2015.
|
|
| Troubled Debt Restructurings that Defaulted Subsequent to Modifications Occurring Within Previous Twelve Months, Disaggregated by Loan Class |
The following table details TDRs (excluding PCI loans) that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by loan class, for years ended December 31, 2016, 2015 and 2014, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended |
|
December 31, 2016 |
|
December 31, 2015 |
|
December 31, 2014 |
|
Number of
Loans |
|
Recorded
Investment |
|
Number of
Loans |
|
Recorded
Investment |
|
Number of
Loans |
|
Recorded
Investment |
|
(In thousands, except number of loans) |
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
— |
|
|
$ |
— |
|
|
— |
|
|
$ |
— |
|
|
1 |
|
|
$ |
1,856 |
|
Gas station |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other |
— |
|
|
— |
|
|
1 |
|
|
412 |
|
|
3 |
|
|
1,352 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
1 |
|
|
50 |
|
|
1 |
|
|
178 |
|
|
— |
|
|
— |
|
Commercial lines of credit |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
353 |
|
Total Non-PCI loans |
1 |
|
|
$ |
50 |
|
|
2 |
|
|
$ |
590 |
|
|
6 |
|
|
$ |
3,561 |
|
|
| Schedule of Changes in Carrying Value of PCI Loans |
The following table summarizes the changes in carrying value of PCI loans for the three-year period ended December 31, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2016 |
|
For the Year Ended December 31, 2015 |
|
For the Year Ended December 31, 2014 |
|
Carrying
Amount
|
|
Accretable
Yield
|
|
Carrying
Amount
|
|
Accretable
Yield
|
|
Carrying
Amount |
|
Accretable
Yield |
|
(In thousands) |
|
(In thousands) |
|
(In thousands) |
Beginning Balance |
$ |
14,573 |
|
|
$ |
(5,944 |
) |
|
$ |
43,475 |
|
|
$ |
(11,025 |
) |
|
$ |
— |
|
|
$ |
— |
|
Additions from CBI Acquisition at August 31, 2014 |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
65,346 |
|
|
(10,856 |
) |
Accretion |
1,144 |
|
|
1,144 |
|
|
2,956 |
|
|
2,956 |
|
|
1,448 |
|
|
1,448 |
|
Payments received |
(7,138 |
) |
|
— |
|
|
(31,215 |
) |
|
— |
|
|
(17,803 |
) |
|
— |
|
Disposal/transfers to OREO |
977 |
|
|
— |
|
|
3,772 |
|
|
— |
|
|
(4,490 |
) |
|
— |
|
Change in expected cash flows, net |
— |
|
|
(877 |
) |
|
— |
|
|
2,125 |
|
|
— |
|
|
(1,617 |
) |
Provision for credit losses |
(664 |
) |
|
— |
|
|
(4,415 |
) |
|
— |
|
|
(1,026 |
) |
|
— |
|
Ending Balance |
$ |
8,892 |
|
|
$ |
(5,677 |
) |
|
$ |
14,573 |
|
|
$ |
(5,944 |
) |
|
$ |
43,475 |
|
|
$ |
(11,025 |
) |
|
| Summary of Acquired Purchased Credit Impaired Loans |
The following table summarizes the accretable yield on the PCI loans acquired from the CBI merger at August 31, 2014.
|
|
|
|
|
|
(In thousands) |
Undiscounted contractual cash flows |
$ |
93,623 |
|
Nonaccretable discount |
(17,421 |
) |
Undiscounted cash flow to be collected |
76,202 |
|
Estimated fair value of PCI loans |
65,346 |
|
Accretable yield |
$ |
10,856 |
|
As of December 31, 2016, we had no PCI loans on nonaccrual status and included in the delinquency table below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2016 |
Pooled PCI Loans |
|
Non-pooled PCI Loans |
|
|
|
#Loans |
|
#Pools |
|
Carrying Amount (In thousands)
|
|
% of total |
|
#Loans |
|
Carrying Amount (In thousands)
|
|
% of total |
|
Total PCI Loans
(In thousands)
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
45 |
|
|
6 |
|
|
$ |
7,780 |
|
|
89 |
% |
|
1 |
|
|
$ |
921 |
|
|
11 |
% |
|
$ |
8,701 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
% |
|
— |
|
|
— |
|
|
— |
% |
|
— |
|
Residential property |
— |
|
|
— |
|
|
— |
|
|
— |
% |
|
2 |
|
|
976 |
|
|
100 |
% |
|
976 |
|
Total real estate loans |
45 |
|
|
6 |
|
|
7,780 |
|
|
80 |
% |
|
3 |
|
|
1,897 |
|
|
20 |
% |
|
9,677 |
|
Commercial and industrial loans |
6 |
|
|
3 |
|
|
136 |
|
|
100 |
% |
|
— |
|
|
— |
|
|
— |
% |
|
136 |
|
Consumer loans |
1 |
|
|
1 |
|
|
50 |
|
|
100 |
% |
|
— |
|
|
— |
|
|
— |
% |
|
50 |
|
Total acquired loans |
52 |
|
|
10 |
|
|
$ |
7,966 |
|
|
81 |
% |
|
3 |
|
|
$ |
1,897 |
|
|
19 |
% |
|
$ |
9,863 |
|
Allowance for loan losses |
|
|
|
|
$ |
(617 |
) |
|
|
|
|
|
$ |
(354 |
) |
|
|
|
$ |
(971 |
) |
Total carrying amount |
|
|
|
|
$ |
7,349 |
|
|
|
|
|
|
$ |
1,543 |
|
|
|
|
$ |
8,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 |
Pooled PCI Loans |
|
Non-pooled PCI Loans |
|
|
|
#Loans |
|
#Pools |
|
Carrying Amount (In thousands)
|
|
% of total |
|
#Loans |
|
Carrying Amount (In thousands)
|
|
% of total |
|
Total PCI Loans
(In thousands)
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
71 |
|
|
9 |
|
|
$ |
17,644 |
|
|
95 |
% |
|
2 |
|
|
$ |
995 |
|
|
5 |
% |
|
$ |
18,639 |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
% |
|
— |
|
|
— |
|
|
— |
% |
|
— |
|
Residential property |
2 |
|
|
2 |
|
|
119 |
|
|
10 |
% |
|
2 |
|
|
1,038 |
|
|
90 |
% |
|
1,157 |
|
Total real estate loans |
73 |
|
|
11 |
|
|
17,763 |
|
|
90 |
% |
|
4 |
|
|
2,033 |
|
|
10 |
% |
|
19,796 |
|
Commercial and industrial loans |
11 |
|
|
3 |
|
|
171 |
|
|
100 |
% |
|
— |
|
|
— |
|
|
— |
% |
|
171 |
|
Consumer loans |
1 |
|
|
1 |
|
|
47 |
|
|
100 |
% |
|
— |
|
|
— |
|
|
— |
% |
|
47 |
|
Total acquired loans |
85 |
|
|
15 |
|
|
$ |
17,981 |
|
|
90 |
% |
|
4 |
|
|
$ |
2,033 |
|
|
10 |
% |
|
$ |
20,014 |
|
Allowance for loan losses |
|
|
|
|
$ |
(5,136 |
) |
|
|
|
|
|
$ |
(305 |
) |
|
|
|
$ |
(5,441 |
) |
Total carrying amount |
|
|
|
|
$ |
12,845 |
|
|
|
|
|
|
$ |
1,728 |
|
|
|
|
$ |
14,573 |
|
|
| Non-PCI Loans [Member] |
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
| Credit Quality of Loans and Leases Portfolios |
As of December 31, 2016 and 2015, pass/pass-watch, special mention and classified (substandard and doubtful) loans and leases (excluding PCI loans), disaggregated by loan class, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass/Pass-Watch |
|
Special Mention |
|
Classified |
|
Total |
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
851,147 |
|
|
$ |
2,275 |
|
|
$ |
4,207 |
|
|
$ |
857,629 |
|
Hotel/motel |
634,397 |
|
|
5,497 |
|
|
9,646 |
|
|
649,540 |
|
Gas station |
252,123 |
|
|
1,911 |
|
|
6,153 |
|
|
260,187 |
|
Other |
1,100,070 |
|
|
1,645 |
|
|
5,874 |
|
|
1,107,589 |
|
Construction |
55,962 |
|
|
— |
|
|
— |
|
|
55,962 |
|
Residential property |
337,227 |
|
|
— |
|
|
564 |
|
|
337,791 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
133,811 |
|
|
2,060 |
|
|
2,161 |
|
|
138,032 |
|
Commercial lines of credit |
135,699 |
|
|
464 |
|
|
68 |
|
|
136,231 |
|
International loans |
23,406 |
|
|
2,415 |
|
|
— |
|
|
25,821 |
|
Leases receivable |
242,393 |
|
|
— |
|
|
901 |
|
|
243,294 |
|
Consumer loans |
22,139 |
|
|
— |
|
|
691 |
|
|
22,830 |
|
Total Non-PCI loans and leases |
$ |
3,788,374 |
|
|
$ |
16,267 |
|
|
$ |
30,265 |
|
|
$ |
3,834,906 |
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
Retail |
$ |
722,483 |
|
|
$ |
9,519 |
|
|
$ |
3,499 |
|
|
$ |
735,501 |
|
Hotel/motel |
517,462 |
|
|
9,604 |
|
|
12,279 |
|
|
539,345 |
|
Gas station |
309,598 |
|
|
5,897 |
|
|
3,868 |
|
|
319,363 |
|
Other |
953,839 |
|
|
8,662 |
|
|
10,742 |
|
|
973,243 |
|
Construction |
23,387 |
|
|
— |
|
|
— |
|
|
23,387 |
|
Residential property |
232,862 |
|
|
58 |
|
|
1,959 |
|
|
234,879 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
Commercial term |
145,773 |
|
|
2,370 |
|
|
4,459 |
|
|
152,602 |
|
Commercial lines of credit |
127,579 |
|
|
195 |
|
|
450 |
|
|
128,224 |
|
International loans |
29,719 |
|
|
2,160 |
|
|
— |
|
|
31,879 |
|
Consumer loans |
22,707 |
|
|
91 |
|
|
2,081 |
|
|
24,879 |
|
Total Non-PCI loans and leases |
$ |
3,085,409 |
|
|
$ |
38,556 |
|
|
$ |
39,337 |
|
|
$ |
3,163,302 |
|
|
| Analysis of Gross Loans and Leases, Disaggregated by Loan Class |
The following is an aging analysis of gross loans and leases (excluding PCI loans), disaggregated by loan class, as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days Past
Due
|
|
60-89 Days Past
Due
|
|
90 Days or
More Past Due
|
|
Total Past Due |
|
Current |
|
Total |
|
Accruing 90
Days or More
Past Due
|
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
9 |
|
|
$ |
137 |
|
|
$ |
234 |
|
|
$ |
380 |
|
|
$ |
857,249 |
|
|
$ |
857,629 |
|
|
$ |
— |
|
Hotel/motel |
1,037 |
|
|
46 |
|
|
600 |
|
|
1,683 |
|
|
647,857 |
|
|
649,540 |
|
|
— |
|
Gas station |
245 |
|
|
643 |
|
|
137 |
|
|
1,025 |
|
|
259,162 |
|
|
260,187 |
|
|
— |
|
Other |
432 |
|
|
79 |
|
|
1,100 |
|
|
1,611 |
|
|
1,105,978 |
|
|
1,107,589 |
|
|
— |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
55,962 |
|
|
55,962 |
|
|
— |
|
Residential property |
730 |
|
|
89 |
|
|
423 |
|
|
1,242 |
|
|
336,549 |
|
|
337,791 |
|
|
— |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
484 |
|
|
42 |
|
|
111 |
|
|
637 |
|
|
137,395 |
|
|
138,032 |
|
|
— |
|
Commercial lines of credit |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
136,231 |
|
|
136,231 |
|
|
— |
|
International loans |
80 |
|
|
— |
|
|
— |
|
|
80 |
|
|
25,741 |
|
|
25,821 |
|
|
— |
|
Leases receivable |
2,090 |
|
|
1,043 |
|
|
385 |
|
|
3,518 |
|
|
239,776 |
|
|
243,294 |
|
|
|
Consumer loans |
170 |
|
|
— |
|
|
— |
|
|
170 |
|
|
22,660 |
|
|
22,830 |
|
|
— |
|
Total Non-PCI loans |
$ |
5,277 |
|
|
$ |
2,079 |
|
|
$ |
2,990 |
|
|
$ |
10,346 |
|
|
$ |
3,824,560 |
|
|
$ |
3,834,906 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
441 |
|
|
$ |
343 |
|
|
$ |
399 |
|
|
$ |
1,183 |
|
|
$ |
734,318 |
|
|
$ |
735,501 |
|
|
$ |
— |
|
Hotel/motel |
1,250 |
|
|
49 |
|
|
3,840 |
|
|
5,139 |
|
|
534,206 |
|
|
539,345 |
|
|
— |
|
Gas station |
959 |
|
|
406 |
|
|
1,517 |
|
|
2,882 |
|
|
316,481 |
|
|
319,363 |
|
|
— |
|
Other |
1,144 |
|
|
661 |
|
|
1,636 |
|
|
3,441 |
|
|
969,802 |
|
|
973,243 |
|
|
— |
|
Construction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
23,387 |
|
|
23,387 |
|
|
— |
|
Residential property |
— |
|
|
— |
|
|
396 |
|
|
396 |
|
|
234,483 |
|
|
234,879 |
|
|
— |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
420 |
|
|
253 |
|
|
458 |
|
|
1,131 |
|
|
151,471 |
|
|
152,602 |
|
|
— |
|
Commercial lines of credit |
58 |
|
|
— |
|
|
392 |
|
|
450 |
|
|
127,774 |
|
|
128,224 |
|
|
— |
|
International loans |
— |
|
|
497 |
|
|
— |
|
|
497 |
|
|
31,382 |
|
|
31,879 |
|
|
— |
|
Consumer loans |
250 |
|
|
5 |
|
|
— |
|
|
255 |
|
|
24,624 |
|
|
24,879 |
|
|
— |
|
Total Non-PCI loans |
$ |
4,522 |
|
|
$ |
2,214 |
|
|
$ |
8,638 |
|
|
$ |
15,374 |
|
|
$ |
3,147,928 |
|
|
$ |
3,163,302 |
|
|
$ |
— |
|
|
| PCI Loans [Member] |
|
| Financing Receivable, Allowance for Credit Losses [Line Items] |
|
| Credit Quality of Loans and Leases Portfolios |
As of December 31, 2016 and 2015, pass/pass-watch, special mention and classified (substandard and doubtful) PCI loans, disaggregated by loan class, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
Pass/Pass-Watch |
|
Special Mention |
|
Classified |
|
Total |
|
Allowance
Amount |
|
Total
PCI Loans |
|
(In thousands) |
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
— |
|
|
$ |
2,324 |
|
|
$ |
2,324 |
|
|
$ |
122 |
|
|
$ |
2,202 |
|
Hotel/motel |
177 |
|
|
— |
|
|
1,441 |
|
|
$ |
1,618 |
|
|
138 |
|
|
1,480 |
|
Gas station |
— |
|
|
1,180 |
|
|
1,512 |
|
|
$ |
2,692 |
|
|
589 |
|
|
2,103 |
|
Other |
— |
|
|
— |
|
|
2,067 |
|
|
$ |
2,067 |
|
|
1 |
|
|
2,066 |
|
Residential property |
976 |
|
|
— |
|
|
— |
|
|
$ |
976 |
|
|
72 |
|
|
904 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
— |
|
|
— |
|
|
136 |
|
|
$ |
136 |
|
|
41 |
|
|
95 |
|
Consumer loans |
— |
|
|
— |
|
|
50 |
|
|
$ |
50 |
|
|
8 |
|
|
42 |
|
Total PCI loans |
$ |
1,153 |
|
|
$ |
1,180 |
|
|
$ |
7,530 |
|
|
$ |
9,863 |
|
|
$ |
971 |
|
|
$ |
8,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Pass/Pass-Watch |
|
Special Mention |
|
Classified |
|
Total |
|
Allowance
Amount
|
|
Total
PCI Loans
|
|
(In thousands) |
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
— |
|
|
$ |
4,849 |
|
|
$ |
4,849 |
|
|
$ |
269 |
|
|
$ |
4,580 |
|
Hotel/motel |
186 |
|
|
— |
|
|
3,894 |
|
|
$ |
4,080 |
|
|
88 |
|
|
3,992 |
|
Gas station |
— |
|
|
176 |
|
|
4,116 |
|
|
$ |
4,292 |
|
|
477 |
|
|
3,815 |
|
Other |
— |
|
|
— |
|
|
5,418 |
|
|
$ |
5,418 |
|
|
4,412 |
|
|
1,006 |
|
Residential property |
999 |
|
|
— |
|
|
158 |
|
|
$ |
1,157 |
|
|
151 |
|
|
1,006 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
— |
|
|
— |
|
|
171 |
|
|
$ |
171 |
|
|
42 |
|
|
129 |
|
Consumer loans |
— |
|
|
— |
|
|
47 |
|
|
$ |
47 |
|
|
2 |
|
|
45 |
|
Total PCI loans |
$ |
1,185 |
|
|
$ |
176 |
|
|
$ |
18,653 |
|
|
$ |
20,014 |
|
|
$ |
5,441 |
|
|
$ |
14,573 |
|
|
| Analysis of Gross Loans and Leases, Disaggregated by Loan Class |
The following table presents a summary of the borrowers’ underlying payment status of PCI loans as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days Past
Due |
|
60-89 Days Past
Due |
|
90 Days or
More Past Due |
|
Total Past Due |
|
Current |
|
Total |
|
Allowance
Amount |
|
Total
PCI Loans |
|
(In thousands) |
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
797 |
|
|
$ |
— |
|
|
$ |
238 |
|
|
$ |
1,035 |
|
|
$ |
1,289 |
|
|
$ |
2,324 |
|
|
$ |
122 |
|
|
$ |
2,202 |
|
Hotel/motel |
178 |
|
|
— |
|
|
— |
|
|
178 |
|
|
1,440 |
|
|
1,618 |
|
|
138 |
|
|
1,480 |
|
Gas station |
— |
|
|
— |
|
|
116 |
|
|
116 |
|
|
2,576 |
|
|
2,692 |
|
|
589 |
|
|
2,103 |
|
Other |
— |
|
|
— |
|
|
7 |
|
|
7 |
|
|
2,060 |
|
|
2,067 |
|
|
1 |
|
|
2,066 |
|
Residential property |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
976 |
|
|
976 |
|
|
72 |
|
|
904 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
— |
|
|
— |
|
|
6 |
|
|
6 |
|
|
130 |
|
|
136 |
|
|
41 |
|
|
95 |
|
Consumer loans |
— |
|
|
— |
|
|
50 |
|
|
50 |
|
|
— |
|
|
50 |
|
|
8 |
|
|
42 |
|
Total PCI loans |
$ |
975 |
|
|
$ |
— |
|
|
$ |
417 |
|
|
$ |
1,392 |
|
|
$ |
8,471 |
|
|
$ |
9,863 |
|
|
$ |
971 |
|
|
$ |
8,892 |
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
$ |
— |
|
|
$ |
267 |
|
|
$ |
1,109 |
|
|
$ |
1,376 |
|
|
$ |
3,473 |
|
|
$ |
4,849 |
|
|
$ |
269 |
|
|
$ |
4,580 |
|
Hotel/motel |
— |
|
|
9 |
|
|
154 |
|
|
163 |
|
|
3,917 |
|
|
4,080 |
|
|
88 |
|
|
3,992 |
|
Gas station |
— |
|
|
— |
|
|
457 |
|
|
457 |
|
|
3,835 |
|
|
4,292 |
|
|
477 |
|
|
3,815 |
|
Other |
4 |
|
|
— |
|
|
4,996 |
|
|
5,000 |
|
|
418 |
|
|
5,418 |
|
|
4,412 |
|
|
1,006 |
|
Residential property |
— |
|
|
— |
|
|
158 |
|
|
158 |
|
|
999 |
|
|
1,157 |
|
|
151 |
|
|
1,006 |
|
Commercial and industrial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial term |
— |
|
|
— |
|
|
4 |
|
|
4 |
|
|
167 |
|
|
171 |
|
|
42 |
|
|
129 |
|
Consumer loans |
— |
|
|
— |
|
|
47 |
|
|
47 |
|
|
— |
|
|
47 |
|
|
2 |
|
|
45 |
|
Total PCI loans |
$ |
4 |
|
|
$ |
276 |
|
|
$ |
6,925 |
|
|
$ |
7,205 |
|
|
$ |
12,809 |
|
|
$ |
20,014 |
|
|
$ |
5,441 |
|
|
$ |
14,573 |
|
|