☒ | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
☐ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Mississippi | 64-0676974 | |||||||
(State or other jurisdiction of | (I.R.S. Employer | |||||||
incorporation or organization) | Identification No.) |
209 Troy Street, | Tupelo, | Mississippi | 38804-4827 | |||||||||||
(Address of principal executive offices) | (Zip Code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Common stock, $5.00 par value per share | RNST | The NASDAQ Stock Market LLC |
Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
Emerging growth company | ☐ |
Page | ||||||||
PART I | ||||||||
Item 1. | ||||||||
Consolidated Balance Sheets | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
PART II | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 6. | ||||||||
(Unaudited) | (Unaudited) | |||||||||||||||||||||
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||
Cash and due from banks | Cash and due from banks | $ | 206,992 | $ | 176,372 | Cash and due from banks | $ | 230,947 | $ | 182,710 | ||||||||||||
Interest-bearing balances with banks | Interest-bearing balances with banks | 1,054,924 | 456,831 | Interest-bearing balances with banks | 1,376,546 | 1,695,255 | ||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | 1,261,916 | 633,203 | Cash and cash equivalents | 1,607,493 | 1,877,965 | ||||||||||||||||
Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2022 and December 31, 2021) (fair value of $449,541 and $415,552, respectively) | Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2022 and December 31, 2021) (fair value of $449,541 and $415,552, respectively) | 487,194 | 416,357 | |||||||||||||||||||
Securities available for sale, at fair value | Securities available for sale, at fair value | 1,536,041 | 1,343,457 | Securities available for sale, at fair value | 2,405,316 | 2,386,052 | ||||||||||||||||
Loans held for sale, at fair value | Loans held for sale, at fair value | 502,002 | 417,771 | Loans held for sale, at fair value | 280,464 | 453,533 | ||||||||||||||||
Loans, net of unearned income: | Loans, net of unearned income: | Loans, net of unearned income: | ||||||||||||||||||||
Non purchased loans and leases | Non purchased loans and leases | 9,292,502 | 9,419,540 | Non purchased loans and leases | 9,338,890 | 9,011,011 | ||||||||||||||||
Purchased loans | Purchased loans | 1,395,906 | 1,514,107 | Purchased loans | 974,569 | 1,009,903 | ||||||||||||||||
Total loans, net of unearned income | Total loans, net of unearned income | 10,688,408 | 10,933,647 | Total loans, net of unearned income | 10,313,459 | 10,020,914 | ||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (173,106) | (176,144) | Allowance for credit losses | (166,468) | (164,171) | ||||||||||||||||
Loans, net | Loans, net | 10,515,302 | 10,757,503 | Loans, net | 10,146,991 | 9,856,743 | ||||||||||||||||
Premises and equipment, net | Premises and equipment, net | 300,917 | 300,496 | Premises and equipment, net | 285,344 | 293,122 | ||||||||||||||||
Other real estate owned: | Other real estate owned: | Other real estate owned: | ||||||||||||||||||||
Non purchased | Non purchased | 2,292 | 2,045 | Non purchased | 531 | 951 | ||||||||||||||||
Purchased | Purchased | 3,679 | 3,927 | Purchased | 1,531 | 1,589 | ||||||||||||||||
Total other real estate owned, net | Total other real estate owned, net | 5,971 | 5,972 | Total other real estate owned, net | 2,062 | 2,540 | ||||||||||||||||
Goodwill | Goodwill | 939,683 | 939,683 | Goodwill | 946,291 | 939,683 | ||||||||||||||||
Other intangible assets, net | Other intangible assets, net | 28,542 | 30,139 | Other intangible assets, net | 22,731 | 24,098 | ||||||||||||||||
Bank-owned life insurance | Bank-owned life insurance | 233,508 | 230,609 | Bank-owned life insurance | 369,344 | 287,359 | ||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 80,263 | 62,994 | Mortgage servicing rights | 91,730 | 89,018 | ||||||||||||||||
Other assets | Other assets | 218,426 | 207,785 | Other assets | 218,797 | 183,841 | ||||||||||||||||
Total assets | Total assets | $ | 15,622,571 | $ | 14,929,612 | Total assets | $ | 16,863,757 | $ | 16,810,311 | ||||||||||||
Liabilities and shareholders’ equity | Liabilities and shareholders’ equity | Liabilities and shareholders’ equity | ||||||||||||||||||||
Liabilities | Liabilities | Liabilities | ||||||||||||||||||||
Deposits | Deposits | Deposits | ||||||||||||||||||||
Noninterest-bearing | Noninterest-bearing | $ | 4,135,360 | $ | 3,685,048 | Noninterest-bearing | $ | 4,706,256 | $ | 4,718,124 | ||||||||||||
Interest-bearing | Interest-bearing | 8,601,548 | 8,374,033 | Interest-bearing | 9,284,641 | 9,187,600 | ||||||||||||||||
Total deposits | Total deposits | 12,736,908 | 12,059,081 | Total deposits | 13,990,897 | 13,905,724 | ||||||||||||||||
Short-term borrowings | Short-term borrowings | 12,154 | 21,340 | Short-term borrowings | 111,279 | 13,947 | ||||||||||||||||
Long-term debt | Long-term debt | 467,660 | 474,970 | Long-term debt | 435,416 | 471,209 | ||||||||||||||||
Other liabilities | Other liabilities | 232,148 | 241,488 | Other liabilities | 188,523 | 209,578 | ||||||||||||||||
Total liabilities | Total liabilities | 13,448,870 | 12,796,879 | Total liabilities | 14,726,115 | 14,600,458 | ||||||||||||||||
Shareholders’ equity | Shareholders’ equity | Shareholders’ equity | ||||||||||||||||||||
Preferred stock, $0.01 par value – 5,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 | ||||||||||||||||||||
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 56,294,346 and 56,200,487 shares outstanding, respectively | 296,483 | 296,483 | ||||||||||||||||||||
Treasury stock, at cost – 3,002,379 and 3,096,238 shares, respectively | (98,949) | (101,554) | ||||||||||||||||||||
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding | Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding | — | — | |||||||||||||||||||
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 55,880,666 and 55,756,233 shares outstanding, respectively | Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 55,880,666 and 55,756,233 shares outstanding, respectively | 296,483 | 296,483 | |||||||||||||||||||
Treasury stock, at cost – 3,416,059 and 3,540,492 shares, respectively | Treasury stock, at cost – 3,416,059 and 3,540,492 shares, respectively | (114,050) | (118,027) | |||||||||||||||||||
Additional paid-in capital | Additional paid-in capital | 1,294,911 | 1,296,963 | Additional paid-in capital | 1,297,088 | 1,300,192 | ||||||||||||||||
Retained earnings | Retained earnings | 661,117 | 615,773 | Retained earnings | 762,690 | 741,648 | ||||||||||||||||
Accumulated other comprehensive income, net of taxes | 20,139 | 25,068 | ||||||||||||||||||||
Accumulated other comprehensive loss, net of taxes | Accumulated other comprehensive loss, net of taxes | (104,569) | (10,443) | |||||||||||||||||||
Total shareholders’ equity | Total shareholders’ equity | 2,173,701 | 2,132,733 | Total shareholders’ equity | 2,137,642 | 2,209,853 | ||||||||||||||||
Total liabilities and shareholders’ equity | Total liabilities and shareholders’ equity | $ | 15,622,571 | $ | 14,929,612 | Total liabilities and shareholders’ equity | $ | 16,863,757 | $ | 16,810,311 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Interest income | Interest income | Interest income | ||||||||||||||||||||||||||||||||||||||||||||
Loans | Loans | $ | 115,005 | $ | 120,606 | Loans | $ | 98,692 | $ | 115,005 | ||||||||||||||||||||||||||||||||||||
Securities | Securities | Securities | ||||||||||||||||||||||||||||||||||||||||||||
Taxable | Taxable | 4,917 | 7,302 | Taxable | 8,934 | 4,917 | ||||||||||||||||||||||||||||||||||||||||
Tax-exempt | Tax-exempt | 1,657 | 1,454 | Tax-exempt | 1,901 | 1,657 | ||||||||||||||||||||||||||||||||||||||||
Other | Other | 183 | 811 | Other | 664 | 183 | ||||||||||||||||||||||||||||||||||||||||
Total interest income | Total interest income | 121,762 | 130,173 | Total interest income | 110,191 | 121,762 | ||||||||||||||||||||||||||||||||||||||||
Interest expense | Interest expense | Interest expense | ||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits | 8,279 | 18,494 | Deposits | 5,637 | 8,279 | ||||||||||||||||||||||||||||||||||||||||
Borrowings | Borrowings | 3,835 | 5,077 | Borrowings | 4,925 | 3,835 | ||||||||||||||||||||||||||||||||||||||||
Total interest expense | Total interest expense | 12,114 | 23,571 | Total interest expense | 10,562 | 12,114 | ||||||||||||||||||||||||||||||||||||||||
Net interest income | Net interest income | 109,648 | 106,602 | Net interest income | 99,629 | 109,648 | ||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 0 | 26,350 | ||||||||||||||||||||||||||||||||||||||||||||
Provision for other credit losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses on loans | Provision for credit losses on loans | 1,500 | — | |||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | 0 | 26,350 | Provision for credit losses | 1,500 | — | ||||||||||||||||||||||||||||||||||||||||
Net interest income after provision for credit losses | Net interest income after provision for credit losses | 109,648 | 80,252 | Net interest income after provision for credit losses | 98,129 | 109,648 | ||||||||||||||||||||||||||||||||||||||||
Noninterest income | Noninterest income | Noninterest income | ||||||||||||||||||||||||||||||||||||||||||||
Service charges on deposit accounts | Service charges on deposit accounts | 8,023 | 9,070 | Service charges on deposit accounts | 9,562 | 8,023 | ||||||||||||||||||||||||||||||||||||||||
Fees and commissions | Fees and commissions | 3,900 | 3,054 | Fees and commissions | 3,982 | 3,900 | ||||||||||||||||||||||||||||||||||||||||
Insurance commissions | Insurance commissions | 2,237 | 1,991 | Insurance commissions | 2,554 | 2,237 | ||||||||||||||||||||||||||||||||||||||||
Wealth management revenue | Wealth management revenue | 4,792 | 4,002 | Wealth management revenue | 5,924 | 4,792 | ||||||||||||||||||||||||||||||||||||||||
Mortgage banking income | Mortgage banking income | 50,733 | 15,535 | Mortgage banking income | 9,633 | 50,733 | ||||||||||||||||||||||||||||||||||||||||
Net gain on sales of securities | Net gain on sales of securities | 1,357 | 0 | Net gain on sales of securities | — | 1,357 | ||||||||||||||||||||||||||||||||||||||||
BOLI income | BOLI income | 2,072 | 1,163 | BOLI income | 2,153 | 2,072 | ||||||||||||||||||||||||||||||||||||||||
Other | Other | 7,923 | 2,755 | Other | 3,650 | 7,923 | ||||||||||||||||||||||||||||||||||||||||
Total noninterest income | Total noninterest income | 81,037 | 37,570 | Total noninterest income | 37,458 | 81,037 | ||||||||||||||||||||||||||||||||||||||||
Noninterest expense | Noninterest expense | Noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||
Salaries and employee benefits | Salaries and employee benefits | 78,696 | 73,189 | Salaries and employee benefits | 62,239 | 78,696 | ||||||||||||||||||||||||||||||||||||||||
Data processing | Data processing | 5,451 | 5,006 | Data processing | 4,263 | 5,451 | ||||||||||||||||||||||||||||||||||||||||
Net occupancy and equipment | Net occupancy and equipment | 12,538 | 14,120 | Net occupancy and equipment | 11,276 | 12,538 | ||||||||||||||||||||||||||||||||||||||||
Other real estate owned | Other real estate owned | 41 | 418 | Other real estate owned | (241) | 41 | ||||||||||||||||||||||||||||||||||||||||
Professional fees | Professional fees | 2,921 | 2,641 | Professional fees | 3,151 | 2,921 | ||||||||||||||||||||||||||||||||||||||||
Advertising and public relations | Advertising and public relations | 3,252 | 3,400 | Advertising and public relations | 4,059 | 3,252 | ||||||||||||||||||||||||||||||||||||||||
Intangible amortization | Intangible amortization | 1,598 | 1,895 | Intangible amortization | 1,366 | 1,598 | ||||||||||||||||||||||||||||||||||||||||
Communications | Communications | 2,292 | 2,198 | Communications | 2,027 | 2,292 | ||||||||||||||||||||||||||||||||||||||||
Restructuring charges | 292 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Merger and conversion related expenses | Merger and conversion related expenses | 687 | — | |||||||||||||||||||||||||||||||||||||||||||
Restructuring (benefit) charges | Restructuring (benefit) charges | (455) | 292 | |||||||||||||||||||||||||||||||||||||||||||
Other | Other | 8,854 | 12,174 | Other | 5,733 | 8,854 | ||||||||||||||||||||||||||||||||||||||||
Total noninterest expense | Total noninterest expense | 115,935 | 115,041 | Total noninterest expense | 94,105 | 115,935 | ||||||||||||||||||||||||||||||||||||||||
Income before income taxes | Income before income taxes | 74,750 | 2,781 | Income before income taxes | 41,482 | 74,750 | ||||||||||||||||||||||||||||||||||||||||
Income taxes | Income taxes | 16,842 | 773 | Income taxes | 7,935 | 16,842 | ||||||||||||||||||||||||||||||||||||||||
Net income | Net income | $ | 57,908 | $ | 2,008 | Net income | $ | 33,547 | $ | 57,908 | ||||||||||||||||||||||||||||||||||||
Basic earnings per share | Basic earnings per share | $ | 1.03 | $ | 0.04 | Basic earnings per share | $ | 0.60 | $ | 1.03 | ||||||||||||||||||||||||||||||||||||
Diluted earnings per share | Diluted earnings per share | $ | 1.02 | $ | 0.04 | Diluted earnings per share | $ | 0.60 | $ | 1.02 | ||||||||||||||||||||||||||||||||||||
Cash dividends per common share | Cash dividends per common share | $ | 0.22 | $ | 0.22 | Cash dividends per common share | $ | 0.22 | $ | 0.22 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | $ | 57,908 | $ | 2,008 | Net income | $ | 33,547 | $ | 57,908 | ||||||||||||||||||||||||||||||||||||
Other comprehensive income, net of tax: | ||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive (loss) income, net of tax: | Other comprehensive (loss) income, net of tax: | |||||||||||||||||||||||||||||||||||||||||||||
Securities available for sale: | Securities available for sale: | Securities available for sale: | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized holding (losses) gains on securities | (14,943) | 16,694 | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized holding losses on securities | Unrealized holding losses on securities | (100,462) | (14,943) | |||||||||||||||||||||||||||||||||||||||||||
Reclassification adjustment for gains realized in net income | Reclassification adjustment for gains realized in net income | (1,012) | 0 | Reclassification adjustment for gains realized in net income | — | (1,012) | ||||||||||||||||||||||||||||||||||||||||
Amortization of unrealized holding gains on securities transferred to the held to maturity category | Amortization of unrealized holding gains on securities transferred to the held to maturity category | (74) | — | |||||||||||||||||||||||||||||||||||||||||||
Total securities available for sale | Total securities available for sale | (15,955) | 16,694 | Total securities available for sale | (100,536) | (15,955) | ||||||||||||||||||||||||||||||||||||||||
Derivative instruments: | Derivative instruments: | Derivative instruments: | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized holding gains (losses) on derivative instruments | 10,984 | (3,003) | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized holding gains on derivative instruments | Unrealized holding gains on derivative instruments | 6,379 | 10,984 | |||||||||||||||||||||||||||||||||||||||||||
Total derivative instruments | Total derivative instruments | 10,984 | (3,003) | Total derivative instruments | 6,379 | 10,984 | ||||||||||||||||||||||||||||||||||||||||
Defined benefit pension and post-retirement benefit plans: | Defined benefit pension and post-retirement benefit plans: | Defined benefit pension and post-retirement benefit plans: | ||||||||||||||||||||||||||||||||||||||||||||
Amortization of net actuarial loss recognized in net periodic pension cost | Amortization of net actuarial loss recognized in net periodic pension cost | 42 | 46 | Amortization of net actuarial loss recognized in net periodic pension cost | 31 | 42 | ||||||||||||||||||||||||||||||||||||||||
Total defined benefit pension and post-retirement benefit plans | Total defined benefit pension and post-retirement benefit plans | 42 | 46 | Total defined benefit pension and post-retirement benefit plans | 31 | 42 | ||||||||||||||||||||||||||||||||||||||||
Other comprehensive (loss) income, net of tax | (4,929) | 13,737 | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income | $ | 52,979 | $ | 15,745 | ||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss, net of tax | Other comprehensive loss, net of tax | (94,126) | (4,929) | |||||||||||||||||||||||||||||||||||||||||||
Comprehensive (loss) income | Comprehensive (loss) income | $ | (60,579) | $ | 52,979 |
Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total | Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2021 | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2021 | 56,200,487 | $ | 296,483 | $ | (101,554) | $ | 1,296,963 | $ | 615,773 | $ | 25,068 | $ | 2,132,733 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2022 | Three Months Ended March 31, 2022 | Shares | Amount | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2022 | Balance at January 1, 2022 | 55,756,233 | $ | 296,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | — | — | — | — | 57,908 | — | 57,908 | Net income | — | — | — | — | 33,547 | — | 33,547 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | Other comprehensive loss | — | — | — | — | — | (4,929) | (4,929) | Other comprehensive loss | — | — | — | — | — | (94,126) | (94,126) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income | 52,979 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Comprehensive loss | Comprehensive loss | (60,579) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends ($0.22 per share) | Cash dividends ($0.22 per share) | — | — | — | — | (12,564) | — | (12,564) | Cash dividends ($0.22 per share) | — | — | — | — | (12,505) | — | (12,505) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock for stock-based compensation awards | Issuance of common stock for stock-based compensation awards | 93,859 | — | 2,605 | (4,808) | — | — | (2,203) | Issuance of common stock for stock-based compensation awards | 124,433 | — | 3,977 | (6,442) | — | — | (2,465) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | — | — | — | 2,756 | — | — | 2,756 | Stock-based compensation expense | — | — | — | 3,338 | — | — | 3,338 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2021 | 56,294,346 | $ | 296,483 | $ | (98,949) | $ | 1,294,911 | $ | 661,117 | $ | 20,139 | $ | 2,173,701 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2022 | Balance at March 31, 2022 | 55,880,666 | $ | 296,483 | $ | (114,050) | $ | 1,297,088 | $ | 762,690 | $ | (104,569) | $ | 2,137,642 |
Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income | Total | ||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2020 | Shares | Amount | |||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2020 | 56,855,002 | $ | 296,483 | $ | (83,189) | $ | 1,294,276 | $ | 617,355 | $ | 764 | $ | 2,125,689 | ||||||||||||||||||||||||||||
Cumulative effect adjustment due to the adoption of ASU 2016-13 | — | — | — | — | (35,099) | — | (35,099) | ||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | 2,008 | — | 2,008 | ||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | 13,737 | 13,737 | ||||||||||||||||||||||||||||||||||
Comprehensive income | 15,745 | ||||||||||||||||||||||||||||||||||||||||
Cash dividends ($0.22 per share) | — | — | — | — | (12,555) | — | (12,555) | ||||||||||||||||||||||||||||||||||
Repurchase of shares in connection with stock repurchase program | (818,886) | — | (24,569) | — | — | — | (24,569) | ||||||||||||||||||||||||||||||||||
Issuance of common stock for stock-based compensation awards | 104,902 | — | 4,138 | (5,587) | — | — | (1,449) | ||||||||||||||||||||||||||||||||||
Stock-based compensation expense | — | — | — | 2,750 | — | — | 2,750 | ||||||||||||||||||||||||||||||||||
Balance at March 31, 2020 | 56,141,018 | $ | 296,483 | $ | (103,620) | $ | 1,291,439 | $ | 571,709 | $ | 14,501 | $ | 2,070,512 | ||||||||||||||||||||||||||||
Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income | Total | ||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2021 | Shares | Amount | |||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2021 | 56,200,487 | $ | 296,483 | $ | (101,554) | $ | 1,296,963 | $ | 615,773 | $ | 25,068 | $ | 2,132,733 | ||||||||||||||||||||||||||||
Net income | — | — | — | — | 57,908 | — | 57,908 | ||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | (4,929) | (4,929) | ||||||||||||||||||||||||||||||||||
Comprehensive income | 52,979 | ||||||||||||||||||||||||||||||||||||||||
Cash dividends ($0.22 per share) | — | — | — | — | (12,564) | — | (12,564) | ||||||||||||||||||||||||||||||||||
Issuance of common stock for stock-based compensation awards | 93,859 | — | 2,605 | (4,808) | — | — | (2,203) | ||||||||||||||||||||||||||||||||||
Stock-based compensation expense | — | — | — | 2,756 | — | — | 2,756 | ||||||||||||||||||||||||||||||||||
Balance at March 31, 2021 | 56,294,346 | $ | 296,483 | $ | (98,949) | $ | 1,294,911 | $ | 661,117 | $ | 20,139 | $ | 2,173,701 | ||||||||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Operating activities | Operating activities | Operating activities | ||||||||||||||||||||
Net income | Net income | $ | 57,908 | $ | 2,008 | Net income | $ | 33,547 | $ | 57,908 | ||||||||||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||||||||||||
Provision for credit losses | Provision for credit losses | 0 | 26,350 | Provision for credit losses | 1,500 | — | ||||||||||||||||
Depreciation, amortization and accretion | Depreciation, amortization and accretion | 10,059 | 4,937 | Depreciation, amortization and accretion | 12,804 | 10,059 | ||||||||||||||||
Deferred income tax expense (benefit) | 5,542 | (2,791) | ||||||||||||||||||||
Deferred income tax expense | Deferred income tax expense | 4,649 | 5,542 | |||||||||||||||||||
Funding of mortgage loans held for sale | Funding of mortgage loans held for sale | (1,143,349) | (715,760) | Funding of mortgage loans held for sale | (595,046) | (1,143,349) | ||||||||||||||||
Proceeds from sales of mortgage loans held for sale | Proceeds from sales of mortgage loans held for sale | 1,082,538 | 607,017 | Proceeds from sales of mortgage loans held for sale | 769,797 | 1,082,538 | ||||||||||||||||
Gains on sales of mortgage loans held for sale | Gains on sales of mortgage loans held for sale | (33,901) | (21,782) | Gains on sales of mortgage loans held for sale | (6,047) | (33,901) | ||||||||||||||||
Valuation adjustment to mortgage servicing rights | Valuation adjustment to mortgage servicing rights | (13,561) | 9,571 | Valuation adjustment to mortgage servicing rights | — | (13,561) | ||||||||||||||||
Gains on sales of securities | Gains on sales of securities | (1,357) | 0 | Gains on sales of securities | — | (1,357) | ||||||||||||||||
Gains on sales of premises and equipment | Gains on sales of premises and equipment | (22) | 0 | Gains on sales of premises and equipment | (3) | (22) | ||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | 2,756 | 2,750 | Stock-based compensation expense | 3,338 | 2,756 | ||||||||||||||||
Increase in other assets | (11,800) | (70,631) | ||||||||||||||||||||
(Decrease) increase in other liabilities | (11,601) | 35,331 | ||||||||||||||||||||
Net cash used in operating activities | (56,788) | (123,000) | ||||||||||||||||||||
Increase (decrease) in other assets | Increase (decrease) in other assets | 5,746 | (11,800) | |||||||||||||||||||
Decrease in other liabilities | Decrease in other liabilities | (24,469) | (11,601) | |||||||||||||||||||
Net cash provided by (used in) operating activities | Net cash provided by (used in) operating activities | 205,816 | (56,788) | |||||||||||||||||||
Investing activities | Investing activities | Investing activities | ||||||||||||||||||||
Purchases of securities available for sale | Purchases of securities available for sale | (465,245) | (123,670) | Purchases of securities available for sale | (285,635) | (465,245) | ||||||||||||||||
Proceeds from sales of securities available for sale | Proceeds from sales of securities available for sale | 155,391 | 0 | Proceeds from sales of securities available for sale | — | 155,391 | ||||||||||||||||
Proceeds from call/maturities of securities available for sale | Proceeds from call/maturities of securities available for sale | 95,382 | 76,269 | Proceeds from call/maturities of securities available for sale | 128,155 | 95,382 | ||||||||||||||||
Purchases of securities held to maturity | Purchases of securities held to maturity | (79,434) | — | |||||||||||||||||||
Proceeds from call/maturities of securities held to maturity | Proceeds from call/maturities of securities held to maturity | 7,620 | — | |||||||||||||||||||
Net (increase) decrease in loans | Net (increase) decrease in loans | (264,251) | 243,250 | |||||||||||||||||||
Purchases of premises and equipment | Purchases of premises and equipment | (2,030) | (2,630) | |||||||||||||||||||
Proceeds from sales of premises and equipment | Proceeds from sales of premises and equipment | 100 | 34 | |||||||||||||||||||
Purchase of bank-owned life insurance | Purchase of bank-owned life insurance | (80,000) | — | |||||||||||||||||||
Net change in FHLB stock | Net change in FHLB stock | (422) | (24) | |||||||||||||||||||
Proceeds from sales of other assets | Proceeds from sales of other assets | 956 | 1,962 | |||||||||||||||||||
Net cash paid in acquisition of businesses | Net cash paid in acquisition of businesses | (10,066) | — | |||||||||||||||||||
Other, net | Other, net | 207 | 1,346 | |||||||||||||||||||
Net cash (used in) provided by investing activities | Net cash (used in) provided by investing activities | (584,800) | 29,466 | |||||||||||||||||||
Financing activities | Financing activities | |||||||||||||||||||||
Net (decrease) increase in noninterest-bearing deposits | Net (decrease) increase in noninterest-bearing deposits | (11,868) | 450,312 | |||||||||||||||||||
Net increase in interest-bearing deposits | Net increase in interest-bearing deposits | 97,041 | 227,515 | |||||||||||||||||||
Net increase (decrease) in short-term borrowings | Net increase (decrease) in short-term borrowings | 67,852 | (9,186) | |||||||||||||||||||
Repayment of long-term debt | Repayment of long-term debt | (32,008) | (42) | |||||||||||||||||||
Cash paid for dividends | Cash paid for dividends | (12,505) | (12,564) | |||||||||||||||||||
Net decrease (increase) in loans | 243,250 | (69,337) | ||||||||||||||||||||
Purchases of premises and equipment | (2,630) | (1,941) | ||||||||||||||||||||
Proceeds from sales of premises and equipment | 34 | 0 | ||||||||||||||||||||
Net change in FHLB stock | (24) | (12,432) | ||||||||||||||||||||
Proceeds from sales of other assets | 1,962 | 770 | ||||||||||||||||||||
Other, net | 1,346 | 0 | ||||||||||||||||||||
Net cash provided by (used in) investing activities | 29,466 | (130,341) | ||||||||||||||||||||
Financing activities | ||||||||||||||||||||||
Net increase in noninterest-bearing deposits | 450,312 | 90,289 | ||||||||||||||||||||
Net increase in interest-bearing deposits | 227,515 | 109,115 | ||||||||||||||||||||
Net (decrease) increase in short-term borrowings | (9,186) | 313,946 | ||||||||||||||||||||
Repayment of long-term debt | (42) | (43) | ||||||||||||||||||||
Cash paid for dividends | (12,564) | (12,555) | ||||||||||||||||||||
Repurchase of shares in connection with stock repurchase program | 0 | (24,569) | ||||||||||||||||||||
Net cash provided by financing activities | Net cash provided by financing activities | 656,035 | 476,183 | Net cash provided by financing activities | 108,512 | 656,035 | ||||||||||||||||
Net increase in cash and cash equivalents | 628,713 | 222,842 | ||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | Net (decrease) increase in cash and cash equivalents | (270,472) | 628,713 | |||||||||||||||||||
Cash and cash equivalents at beginning of period | Cash and cash equivalents at beginning of period | 633,203 | 414,930 | Cash and cash equivalents at beginning of period | 1,877,965 | 633,203 | ||||||||||||||||
Cash and cash equivalents at end of period | Cash and cash equivalents at end of period | $ | 1,261,916 | $ | 637,772 | Cash and cash equivalents at end of period | $ | 1,607,493 | $ | 1,261,916 | ||||||||||||
Supplemental disclosures | Supplemental disclosures | Supplemental disclosures | ||||||||||||||||||||
Cash paid for interest | Cash paid for interest | $ | 15,108 | $ | 26,264 | Cash paid for interest | $ | 10,324 | $ | 15,108 | ||||||||||||
Cash paid for income taxes | Cash paid for income taxes | $ | 18,032 | $ | 4,176 | Cash paid for income taxes | $ | 6,195 | $ | 18,032 | ||||||||||||
Noncash transactions: | Noncash transactions: | Noncash transactions: | ||||||||||||||||||||
Transfers of loans to other real estate owned | Transfers of loans to other real estate owned | $ | 2,039 | $ | 1,641 | Transfers of loans to other real estate owned | $ | 200 | $ | 2,039 | ||||||||||||
Financed sales of other real estate owned | $ | 0 | $ | 159 | ||||||||||||||||||
Recognition of operating right-of-use assets | Recognition of operating right-of-use assets | $ | 3,601 | $ | 1,968 | Recognition of operating right-of-use assets | $ | 30 | $ | 3,601 | ||||||||||||
Recognition of operating lease liabilities | Recognition of operating lease liabilities | $ | 3,601 | $ | 2,034 | Recognition of operating lease liabilities | $ | 30 | $ | 3,601 |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury securities | U.S. Treasury securities | $ | 3,028 | $ | 22 | $ | 0 | $ | 3,050 | U.S. Treasury securities | $ | 2,000 | $ | — | $ | — | $ | 2,000 | ||||||||||||||||||||||||||||||||||||||||
Obligations of other U.S. Government agencies and corporations | 1,001 | 3 | 0 | 1,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | Obligations of states and political subdivisions | 321,156 | 9,344 | (1,682) | 328,818 | Obligations of states and political subdivisions | 161,565 | 1,117 | (5,205) | 157,477 | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | Residential mortgage backed securities: | Residential mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 453,792 | 14,869 | (2,206) | 466,455 | Government agency mortgage backed securities | 969,140 | 1,249 | (48,493) | 921,896 | ||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 538,317 | 1,733 | (4,718) | 535,332 | Government agency collateralized mortgage obligations | 1,094,043 | 5 | (83,591) | 1,010,457 | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | Commercial mortgage backed securities: | Commercial mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 22,448 | 580 | (23) | 23,005 | Government agency mortgage backed securities | 11,277 | — | (371) | 10,906 | ||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 115,103 | 1,889 | (1,814) | 115,178 | Government agency collateralized mortgage obligations | 221,955 | 87 | (12,852) | 209,190 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 61,113 | 2,126 | (40) | 63,199 | Other debt securities | 94,996 | 385 | (1,991) | 93,390 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 1,515,958 | $ | 30,566 | $ | (10,483) | $ | 1,536,041 | $ | 2,554,976 | $ | 2,843 | $ | (152,503) | $ | 2,405,316 |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||||||||||||||
December 31, 2020 | |||||||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 7,047 | $ | 32 | $ | 0 | $ | 7,079 | |||||||||||||||||||||||||||
Obligations of other U.S. Government agencies and corporations | 1,003 | 6 | 0 | 1,009 | |||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 291,231 | 14,015 | (45) | 305,201 | |||||||||||||||||||||||||||||||
Residential mortgage backed securities: | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 581,105 | 21,564 | (23) | 602,646 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 218,373 | 1,946 | (51) | 220,268 | |||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 29,053 | 1,235 | (1) | 30,287 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 99,377 | 2,992 | (21) | 102,348 | |||||||||||||||||||||||||||||||
Trust preferred securities | 12,013 | 0 | (3,001) | 9,012 | |||||||||||||||||||||||||||||||
Other debt securities | 62,771 | 2,909 | (73) | 65,607 | |||||||||||||||||||||||||||||||
$ | 1,301,973 | $ | 44,699 | $ | (3,215) | $ | 1,343,457 |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 3,007 | $ | 3 | $ | — | $ | 3,010 | |||||||||||||||||||||||||||
Obligations of other U.S. Government agencies and corporations | 153,847 | 5,532 | (269) | 159,110 | |||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | |||||||||||||||||||||||||||||||
Residential mortgage backed securities: | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 967,497 | 7,854 | (6,816) | 968,535 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 1,008,514 | 457 | (20,371) | 988,600 | |||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 14,717 | 365 | (1) | 15,081 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 216,859 | 812 | (3,419) | 214,252 | |||||||||||||||||||||||||||||||
Trust preferred securities | — | — | — | — | |||||||||||||||||||||||||||||||
Other debt securities | 36,515 | 1,097 | (148) | 37,464 | |||||||||||||||||||||||||||||||
$ | 2,400,956 | $ | 16,120 | $ | (31,024) | $ | 2,386,052 |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value | Net Proceeds | Gain/(Loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | Obligations of states and political subdivisions | $ | 47 | $ | 50 | $ | 3 | Obligations of states and political subdivisions | $ | 290,588 | $ | — | $ | (26,969) | $ | 263,619 | ||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities | Residential mortgage backed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 136,340 | 139,735 | 3,395 | Government agency mortgage backed securities | 95,369 | — | (3,943) | 91,426 | |||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 5,626 | 5,646 | 20 | Government agency collateralized mortgage obligations | 23,403 | — | (1,904) | 21,499 | |||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 17,022 | — | (1,488) | 15,534 | |||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 38,906 | — | (2,261) | 36,645 | |||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 21,938 | — | (1,120) | 20,818 | |||||||||||||||||||||||||||||||||||||||||||||||
$ | 487,226 | $ | — | $ | (37,685) | $ | 449,541 | |||||||||||||||||||||||||||||||||||||||||||||
Trust preferred securities | 12,021 | 9,960 | (2,061) | |||||||||||||||||||||||||||||||||||||||||||||||||
$ | 154,034 | $ | 155,391 | $ | 1,357 | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - held to maturity securities | Allowance for credit losses - held to maturity securities | (32) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Held to maturity securities, net of allowance for credit losses | Held to maturity securities, net of allowance for credit losses | $ | 487,194 |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | $ | 267,641 | $ | 333 | $ | (685) | $ | 267,289 | |||||||||||||||||||||||||||
Residential mortgage backed securities | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 60,507 | 1 | (198) | 60,310 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 24,832 | — | (92) | 24,740 | |||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 1,855 | — | — | 1,855 | |||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 39,505 | — | (117) | 39,388 | |||||||||||||||||||||||||||||||
Other debt securities | 22,049 | — | (79) | 21,970 | |||||||||||||||||||||||||||||||
$ | 416,389 | $ | 334 | $ | (1,171) | $ | 415,552 | ||||||||||||||||||||||||||||
Allowance for credit losses - held to maturity securities | (32) | ||||||||||||||||||||||||||||||||||
Held to maturity securities, net of allowance for credit losses | $ | 416,357 |
Carrying Value | Net Proceeds | Gain/(Loss) | |||||||||||||||
Three months ended March 31, 2021 | |||||||||||||||||
Obligations of states and political subdivisions | $ | 47 | $ | 50 | $ | 3 | |||||||||||
Residential mortgage backed securities: | |||||||||||||||||
Government agency mortgage backed securities | 136,340 | 139,735 | 3,395 | ||||||||||||||
Government agency collateralized mortgage obligations | 5,626 | 5,646 | 20 | ||||||||||||||
Trust preferred securities | 12,021 | 9,960 | (2,061) | ||||||||||||||
$ | 154,034 | $ | 155,391 | $ | 1,357 |
Three Months Ended | ||||||||||||||||||||||||||
March 31, | ||||||||||||||||||||||||||
2021 | ||||||||||||||||||||||||||
Gross gains on sales of securities available for sale | $ | 3,508 | ||||||||||||||||||||||||
Gross losses on sales of securities available for sale | (2,151) | |||||||||||||||||||||||||
Gains on sales of securities available for sale, net | $ | 1,357 |
Available for Sale | Held to Maturity | Available for Sale | ||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||||||||||||
Due within one year | Due within one year | $ | 10,286 | $ | 10,401 | Due within one year | $ | 155 | $ | 155 | $ | 3,996 | $ | 4,003 | ||||||||||||||||||||||||||||||||
Due after one year through five years | Due after one year through five years | 40,177 | 41,896 | Due after one year through five years | 2,047 | 1,977 | 37,518 | 37,814 | ||||||||||||||||||||||||||||||||||||||
Due after five years through ten years | Due after five years through ten years | 66,563 | 69,568 | Due after five years through ten years | 18,244 | 16,884 | 66,830 | 66,946 | ||||||||||||||||||||||||||||||||||||||
Due after ten years | Due after ten years | 235,945 | 239,498 | Due after ten years | 270,142 | 244,603 | 88,851 | 84,252 | ||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | Residential mortgage backed securities: | Residential mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 453,792 | 466,455 | Government agency mortgage backed securities | 95,369 | 91,426 | 969,140 | 921,896 | ||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 538,317 | 535,332 | Government agency collateralized mortgage obligations | 23,403 | 21,499 | 1,094,043 | 1,010,457 | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | Commercial mortgage backed securities: | Commercial mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 22,448 | 23,005 | Government agency mortgage backed securities | 17,022 | 15,534 | 11,277 | 10,906 | ||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 115,103 | 115,178 | Government agency collateralized mortgage obligations | 38,906 | 36,645 | 221,955 | 209,190 | ||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 33,327 | 34,708 | Other debt securities | 21,938 | 20,818 | 61,366 | 59,852 | ||||||||||||||||||||||||||||||||||||||
$ | 1,515,958 | $ | 1,536,041 | $ | 487,226 | $ | 449,541 | $ | 2,554,976 | $ | 2,405,316 |
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for Sale: | Available for Sale: | Available for Sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | Obligations of states and political subdivisions | 41 | $ | 97,392 | $ | (1,634) | 1 | $ | 2,133 | $ | (48) | 42 | $ | 99,525 | $ | (1,682) | Obligations of states and political subdivisions | 41 | $ | 81,646 | $ | (4,767) | 4 | $ | 5,805 | $ | (438) | 45 | $ | 87,451 | $ | (5,205) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | Residential mortgage backed securities: | Residential mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 14 | 119,498 | (2,206) | 0 | 0 | 0 | 14 | 119,498 | (2,206) | Government agency mortgage backed securities | 80 | 761,484 | (43,653) | 6 | 49,651 | (4,840) | 86 | 811,135 | (48,493) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 17 | 351,956 | (4,718) | 0 | 0 | 0 | 17 | 351,956 | (4,718) | Government agency collateralized mortgage obligations | 61 | 932,820 | (74,437) | 4 | 77,376 | (9,154) | 65 | 1,010,196 | (83,591) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | Commercial mortgage backed securities: | Commercial mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 1 | 1,082 | (23) | 1 | 452 | 0 | 2 | 1,534 | (23) | Government agency mortgage backed securities | 3 | 10,481 | (371) | 1 | 425 | — | 4 | 10,906 | (371) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 10 | 58,722 | (1,814) | 0 | 0 | 0 | 10 | 58,722 | (1,814) | Government agency collateralized mortgage obligations | 24 | 150,009 | (8,741) | 7 | 40,496 | (4,111) | 31 | 190,505 | (12,852) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 6 | 9,042 | (37) | 1 | 557 | (3) | 7 | 9,599 | (40) | Other debt securities | 10 | 51,369 | (1,991) | — | — | — | 10 | 51,369 | (1,991) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | 89 | $ | 637,692 | $ | (10,432) | 3 | $ | 3,142 | $ | (51) | 92 | $ | 640,834 | $ | (10,483) | Total | 219 | $ | 1,987,809 | $ | (133,960) | 22 | $ | 173,753 | $ | (18,543) | 241 | $ | 2,161,562 | $ | (152,503) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | Obligations of states and political subdivisions | 6 | $ | 9,403 | $ | (45) | 0 | $ | 0 | $ | 0 | 6 | $ | 9,403 | $ | (45) | Obligations of states and political subdivisions | 8 | $ | 34,303 | $ | (216) | 3 | $ | 3,892 | $ | (53) | 11 | $ | 38,195 | $ | (269) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | Residential mortgage backed securities: | Residential mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 2 | 19,755 | (23) | 0 | 0 | 0 | 2 | 19,755 | (23) | Government agency mortgage backed securities | 41 | 727,546 | (6,312) | 1 | 12,305 | (504) | 42 | 739,851 | (6,816) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 5 | 27,143 | (51) | 0 | 0 | 0 | 5 | 27,143 | (51) | Government agency collateralized mortgage obligations | 49 | 966,126 | (20,371) | — | — | — | 49 | 966,126 | (20,371) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | Commercial mortgage backed securities: | Commercial mortgage backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | Government agency mortgage backed securities | 1 | 1,538 | (1) | 1 | 459 | 0 | 2 | 1,997 | (1) | Government agency mortgage backed securities | 1 | 1,791 | (1) | 1 | 432 | — | 2 | 2,223 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | Government agency collateralized mortgage obligations | 3 | 14,190 | (21) | 0 | 0 | 0 | 3 | 14,190 | (21) | Government agency collateralized mortgage obligations | 21 | 160,919 | (3,072) | 2 | 9,005 | (347) | 23 | 169,924 | (3,419) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trust preferred securities | Trust preferred securities | 0 | 0 | 0 | 2 | 9,012 | (3,001) | 2 | 9,012 | (3,001) | Trust preferred securities | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 4 | 3,330 | (70) | 1 | 566 | (3) | 5 | 3,896 | (73) | Other debt securities | 1 | 8,699 | (148) | — | — | — | 1 | 8,699 | (148) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | 21 | $ | 75,359 | $ | (211) | 4 | $ | 10,037 | $ | (3,004) | 25 | $ | 85,396 | $ | (3,215) | Total | 121 | $ | 1,899,384 | $ | (30,120) | 7 | $ | 25,634 | $ | (904) | 128 | $ | 1,925,018 | $ | (31,024) |
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | # | Fair Value | Unrealized Losses | |||||||||||||||||||||||||||||||||||||||||||||
Held to Maturity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 127 | $ | 261,920 | $ | (26,786) | 1 | $ | 1,699 | $ | (183) | 128 | $ | 263,619 | $ | (26,969) | ||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 55 | 86,842 | (3,599) | 1 | 4,584 | (344) | 56 | 91,426 | (3,943) | ||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | — | — | — | 1 | 21,499 | (1,904) | 1 | $ | 21,499 | $ | (1,904) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 1 | 15,534 | (1,488) | — | — | — | 1 | $ | 15,534 | $ | (1,488) | ||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 6 | 31,380 | (1,923) | 1 | 5,265 | (338) | 7 | $ | 36,645 | $ | (2,261) | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 8 | 20,818 | (1,120) | — | — | — | 8 | $ | 20,818 | $ | (1,120) | ||||||||||||||||||||||||||||||||||||||||||
Total | 197 | $ | 416,494 | $ | (34,916) | 4 | $ | 33,047 | $ | (2,769) | 201 | $ | 449,541 | $ | (37,685) | ||||||||||||||||||||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 24 | $ | 62,131 | $ | (685) | — | $ | — | $ | — | 24 | $ | 62,131 | $ | (685) | ||||||||||||||||||||||||||||||||||||||
Residential mortgage backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency mortgage backed securities | 50 | 53,560 | (181) | 1 | 5,354 | (17) | 51 | 58,914 | (198) | ||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 1 | 24,740 | (92) | — | — | — | 1 | 24,740 | (92) | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Government agency collateralized mortgage obligations | 7 | 39,388 | (117) | — | — | — | 7 | 39,388 | (117) | ||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 8 | 21,972 | (79) | — | — | — | 8 | 21,972 | (79) | ||||||||||||||||||||||||||||||||||||||||||||
Total | 90 | $ | 201,791 | $ | (1,154) | 1 | $ | 5,354 | $ | (17) | 91 | $ | 207,145 | $ | (1,171) |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Commercial, financial, agricultural(1) | Commercial, financial, agricultural(1) | $ | 2,105,444 | $ | 2,360,471 | Commercial, financial, agricultural(1) | $ | 1,336,239 | $ | 1,332,962 | ||||||||||||
Lease financing | Lease financing | 79,271 | 80,022 | Lease financing | 94,954 | 80,192 | ||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||
Residential | Residential | 252,795 | 243,814 | Residential | 305,396 | 300,988 | ||||||||||||||||
Commercial | Commercial | 680,791 | 583,338 | Commercial | 911,532 | 798,914 | ||||||||||||||||
Total real estate – construction | Total real estate – construction | 933,586 | 827,152 | Total real estate – construction | 1,216,928 | 1,099,902 | ||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||
Primary | Primary | 1,576,212 | 1,536,181 | Primary | 1,803,750 | 1,682,050 | ||||||||||||||||
Home equity | Home equity | 432,207 | 432,768 | Home equity | 424,426 | 423,108 | ||||||||||||||||
Rental/investment | Rental/investment | 256,979 | 264,436 | Rental/investment | 274,117 | 268,245 | ||||||||||||||||
Land development | Land development | 115,522 | 123,179 | Land development | 142,294 | 135,070 | ||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 2,380,920 | 2,356,564 | Total real estate – 1-4 family mortgage | 2,644,587 | 2,508,473 | ||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||
Owner-occupied | Owner-occupied | 1,344,154 | 1,334,765 | Owner-occupied | 1,318,446 | 1,329,219 | ||||||||||||||||
Non-owner occupied | Non-owner occupied | 2,221,206 | 2,194,739 | Non-owner occupied | 2,510,981 | 2,446,370 | ||||||||||||||||
Land development | Land development | 110,800 | 120,125 | Land development | 116,113 | 110,395 | ||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 3,676,160 | 3,649,629 | Total real estate – commercial mortgage | 3,945,540 | 3,885,984 | ||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 121,136 | 149,862 | Installment loans to individuals | 105,754 | 107,565 | ||||||||||||||||
Gross loans | Gross loans | 9,296,517 | 9,423,700 | Gross loans | 9,344,002 | 9,015,078 | ||||||||||||||||
Unearned income | Unearned income | (4,015) | (4,160) | Unearned income | (5,112) | (4,067) | ||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | $ | 9,292,502 | $ | 9,419,540 | Loans, net of unearned income | $ | 9,338,890 | $ | 9,011,011 |
Accruing Loans | Nonaccruing Loans | Accruing Loans | Nonaccruing Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 685 | $ | 555 | $ | 2,098,742 | $ | 2,099,982 | $ | 213 | $ | 1,606 | $ | 3,643 | $ | 5,462 | $ | 2,105,444 | Commercial, financial, agricultural | $ | 1,519 | $ | 77 | $ | 1,329,682 | $ | 1,331,278 | $ | 739 | $ | 2,875 | $ | 1,347 | $ | 4,961 | $ | 1,336,239 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease financing | Lease financing | 0 | 0 | 79,271 | 79,271 | 0 | 0 | 0 | 0 | 79,271 | Lease financing | — | — | 94,954 | 94,954 | — | — | — | — | 94,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 0 | 0 | 252,795 | 252,795 | 0 | 0 | 0 | 0 | 252,795 | Residential | 1,857 | — | 303,539 | 305,396 | — | — | — | — | 305,396 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 0 | 0 | 680,791 | 680,791 | 0 | 0 | 0 | 0 | 680,791 | Commercial | — | — | 911,532 | 911,532 | — | — | — | — | 911,532 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 0 | 0 | 933,586 | 933,586 | 0 | 0 | 0 | 0 | 933,586 | Total real estate – construction | 1,857 | — | 1,215,071 | 1,216,928 | — | — | — | — | 1,216,928 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 7,325 | 536 | 1,558,960 | 1,566,821 | 1,910 | 2,782 | 4,699 | 9,391 | 1,576,212 | Primary | 16,852 | — | 1,771,806 | 1,788,658 | 4,018 | 6,812 | 4,262 | 15,092 | 1,803,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 545 | 150 | 430,672 | 431,367 | 65 | 343 | 432 | 840 | 432,207 | Home equity | 1,953 | 32 | 420,995 | 422,980 | 54 | 1,012 | 380 | 1,446 | 424,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 819 | 354 | 255,319 | 256,492 | 0 | 194 | 293 | 487 | 256,979 | Rental/investment | 562 | 100 | 272,736 | 273,398 | 16 | 438 | 265 | 719 | 274,117 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 248 | 0 | 115,223 | 115,471 | 0 | 19 | 32 | 51 | 115,522 | Land development | 332 | — | 141,441 | 141,773 | — | 333 | 188 | 521 | 142,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 8,937 | 1,040 | 2,360,174 | 2,370,151 | 1,975 | 3,338 | 5,456 | 10,769 | 2,380,920 | Total real estate – 1-4 family mortgage | 19,699 | 132 | 2,606,978 | 2,626,809 | 4,088 | 8,595 | 5,095 | 17,778 | 2,644,587 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 1,333 | 550 | 1,340,262 | 1,342,145 | 0 | 1,444 | 565 | 2,009 | 1,344,154 | Owner-occupied | 2,617 | — | 1,312,212 | 1,314,829 | 2,809 | 808 | — | 3,617 | 1,318,446 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 3,687 | 0 | 2,211,485 | 2,215,172 | 0 | 360 | 5,674 | 6,034 | 2,221,206 | Non-owner occupied | 662 | — | 2,504,698 | 2,505,360 | — | — | 5,621 | 5,621 | 2,510,981 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 41 | 0 | 110,536 | 110,577 | 0 | 179 | 44 | 223 | 110,800 | Land development | 202 | — | 115,582 | 115,784 | — | 292 | 37 | 329 | 116,113 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 5,061 | 550 | 3,662,283 | 3,667,894 | 0 | 1,983 | 6,283 | 8,266 | 3,676,160 | Total real estate – commercial mortgage | 3,481 | — | 3,932,492 | 3,935,973 | 2,809 | 1,100 | 5,658 | 9,567 | 3,945,540 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 1,147 | 90 | 119,602 | 120,839 | 57 | 219 | 21 | 297 | 121,136 | Installment loans to individuals | 674 | — | 104,813 | 105,487 | 3 | 20 | 244 | 267 | 105,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unearned income | Unearned income | — | — | (4,015) | (4,015) | — | — | — | — | (4,015) | Unearned income | — | — | (5,112) | (5,112) | — | — | — | — | (5,112) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | $ | 15,830 | $ | 2,235 | $ | 9,249,643 | $ | 9,267,708 | $ | 2,245 | $ | 7,146 | $ | 15,403 | $ | 24,794 | $ | 9,292,502 | Loans, net of unearned income | $ | 27,230 | $ | 209 | $ | 9,278,878 | $ | 9,306,317 | $ | 7,639 | $ | 12,590 | $ | 12,344 | $ | 32,573 | $ | 9,338,890 |
Accruing Loans | Nonaccruing Loans | Accruing Loans | Nonaccruing Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 1,124 | $ | 231 | $ | 2,354,716 | $ | 2,356,071 | $ | 164 | $ | 1,804 | $ | 2,432 | $ | 4,400 | $ | 2,360,471 | Commercial, financial, agricultural | $ | 3,325 | $ | 103 | $ | 1,323,774 | $ | 1,327,202 | $ | 1,669 | $ | 2,665 | $ | 1,426 | $ | 5,760 | $ | 1,332,962 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease financing | Lease financing | 0 | 0 | 79,974 | 79,974 | 0 | 48 | 0 | 48 | 80,022 | Lease financing | — | — | 80,181 | 80,181 | — | 11 | — | 11 | 80,192 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 0 | 0 | 243,317 | 243,317 | 0 | 497 | 0 | 497 | 243,814 | Residential | 1,077 | — | 299,911 | 300,988 | — | — | — | — | 300,988 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 0 | 0 | 583,338 | 583,338 | 0 | 0 | 0 | 0 | 583,338 | Commercial | — | — | 798,914 | 798,914 | — | — | — | — | 798,914 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 0 | 0 | 826,655 | 826,655 | 0 | 497 | 0 | 497 | 827,152 | Total real estate – construction | 1,077 | — | 1,098,825 | 1,099,902 | — | — | — | — | 1,099,902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 11,889 | 1,754 | 1,513,716 | 1,527,359 | 1,865 | 2,744 | 4,213 | 8,822 | 1,536,181 | Primary | 14,785 | 389 | 1,652,940 | 1,668,114 | 1,920 | 8,195 | 3,821 | 13,936 | 1,682,050 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 1,152 | 360 | 430,702 | 432,214 | 66 | 111 | 377 | 554 | 432,768 | Home equity | 1,468 | — | 420,695 | 422,163 | 182 | 546 | 217 | 945 | 423,108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 663 | 210 | 263,064 | 263,937 | 61 | 194 | 244 | 499 | 264,436 | Rental/investment | 401 | 445 | 266,353 | 267,199 | — | 771 | 275 | 1,046 | 268,245 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 97 | 0 | 123,051 | 123,148 | 0 | 0 | 31 | 31 | 123,179 | Land development | 431 | — | 134,382 | 134,813 | — | 65 | 192 | 257 | 135,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 13,801 | 2,324 | 2,330,533 | 2,346,658 | 1,992 | 3,049 | 4,865 | 9,906 | 2,356,564 | Total real estate – 1-4 family mortgage | 17,085 | 834 | 2,474,370 | 2,492,289 | 2,102 | 9,577 | 4,505 | 16,184 | 2,508,473 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 779 | 795 | 1,330,155 | 1,331,729 | 0 | 2,598 | 438 | 3,036 | 1,334,765 | Owner-occupied | 720 | 36 | 1,325,776 | 1,326,532 | 163 | 822 | 1,702 | 2,687 | 1,329,219 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 922 | 127 | 2,191,440 | 2,192,489 | 0 | 2,197 | 53 | 2,250 | 2,194,739 | Non-owner occupied | 260 | 89 | 2,440,513 | 2,440,862 | — | — | 5,508 | 5,508 | 2,446,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 113 | 115 | 119,820 | 120,048 | 44 | 29 | 4 | 77 | 120,125 | Land development | 476 | — | 109,575 | 110,051 | — | 292 | 52 | 344 | 110,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 1,814 | 1,037 | 3,641,415 | 3,644,266 | 44 | 4,824 | 495 | 5,363 | 3,649,629 | Total real estate – commercial mortgage | 1,456 | 125 | 3,875,864 | 3,877,445 | 163 | 1,114 | 7,262 | 8,539 | 3,885,984 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 896 | 191 | 148,620 | 149,707 | 4 | 117 | 34 | 155 | 149,862 | Installment loans to individuals | 978 | 12 | 106,318 | 107,308 | 30 | 95 | 132 | 257 | 107,565 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unearned income | Unearned income | — | — | (4,160) | (4,160) | — | — | — | 0 | (4,160) | Unearned income | — | — | (4,067) | (4,067) | — | — | — | — | (4,067) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | $ | 17,635 | $ | 3,783 | $ | 9,377,753 | $ | 9,399,171 | $ | 2,204 | $ | 10,339 | $ | 7,826 | $ | 20,369 | $ | 9,419,540 | Loans, net of unearned income | $ | 23,921 | $ | 1,074 | $ | 8,955,265 | $ | 8,980,260 | $ | 3,964 | $ | 13,462 | $ | 13,325 | $ | 30,751 | $ | 9,011,011 |
Number of Loans | Pre- Modification Amortized Cost | Post- Modification Amortized Cost | ||||||||||||||||||||||||||||||||
Three months ended March 31, 2022 | Three months ended March 31, 2022 | |||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | |||||||||||||||||||||||||||||||||
Primary | Primary | 7 | $ | 865 | $ | 873 | ||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | |||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 1 | 6,500 | 6,500 | ||||||||||||||||||||||||||||||
Total | Total | 8 | $ | 7,365 | $ | 7,373 | ||||||||||||||||||||||||||||
Number of Loans | Pre- Modification Outstanding Recorded Investment | Post- Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||||||
Three months ended March 31, 2021 | Three months ended March 31, 2021 | Three months ended March 31, 2021 | ||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||
Primary | Primary | 3 | 432 | 435 | Primary | 3 | $ | 432 | $ | 435 | ||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 1 | 837 | 810 | Non-owner occupied | 1 | 837 | 810 | ||||||||||||||||||||||||||
Total | Total | 4 | $ | 1,269 | $ | 1,245 | Total | 4 | $ | 1,269 | $ | 1,245 | ||||||||||||||||||||||
Three months ended March 31, 2020 | ||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | 2 | $ | 898 | $ | 898 | |||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||
Primary | 3 | 447 | 449 | |||||||||||||||||||||||||||||||
Total | 5 | $ | 1,345 | $ | 1,347 |
Number of Loans | Recorded Investment | Number of Loans | Recorded Investment | |||||||||||||||||||
Totals at January 1, 2021 | 76 | $ | 11,761 | |||||||||||||||||||
Totals at January 1, 2022 | Totals at January 1, 2022 | 97 | $ | 14,650 | ||||||||||||||||||
Additional advances or loans with concessions | Additional advances or loans with concessions | 4 | 1,257 | Additional advances or loans with concessions | 8 | 7,403 | ||||||||||||||||
Reductions due to: | Reductions due to: | Reductions due to: | ||||||||||||||||||||
Reclassified as nonperforming | Reclassified as nonperforming | (1) | (179) | Reclassified as nonperforming | (4) | (452) | ||||||||||||||||
Paid in full | Paid in full | (5) | (530) | |||||||||||||||||||
Principal paydowns | Principal paydowns | 0 | (122) | Principal paydowns | — | (91) | ||||||||||||||||
Totals at March 31, 2021 | 79 | $ | 12,717 | |||||||||||||||||||
Totals at March 31, 2022 | Totals at March 31, 2022 | 96 | $ | 20,980 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | Commercial, Financial, Agricultural | $ | 90,011 | $ | 1,163,170 | $ | 159,958 | $ | 69,853 | $ | 33,564 | $ | 29,678 | $ | 262,085 | $ | 3,572 | $ | 1,811,891 | Commercial, Financial, Agricultural | $ | 96,762 | $ | 276,836 | $ | 184,316 | $ | 105,812 | $ | 39,160 | $ | 21,356 | $ | 573,245 | $ | 4,504 | $ | 1,301,991 | ||||||||||||||||||||
Pass | Pass | 89,570 | 1,162,800 | 156,958 | 66,302 | 28,427 | 26,643 | 255,690 | 2,363 | 1,788,753 | Pass | 96,208 | 275,666 | 176,524 | 105,294 | 37,590 | 20,606 | 571,066 | 3,497 | 1,286,451 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 121 | 1,842 | 306 | 690 | 1,460 | 213 | 0 | 4,632 | Special Mention | 89 | — | — | 194 | 272 | — | 601 | — | 1,156 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 441 | 249 | 1,158 | 3,245 | 4,447 | 1,575 | 6,182 | 1,209 | 18,506 | Substandard | 465 | 1,170 | 7,792 | 324 | 1,298 | 750 | 1,578 | 1,007 | 14,384 | ||||||||||||||||||||||||||||||||||||||
Lease Financing Receivables | Lease Financing Receivables | $ | 19,463 | $ | 24,644 | $ | 21,969 | $ | 14,215 | $ | 6,758 | $ | 2,793 | $ | — | $ | — | $ | 89,842 | |||||||||||||||||||||||||||||||||||||||
Pass | Pass | 19,463 | 24,644 | 21,969 | 14,215 | 6,758 | 2,341 | — | — | 89,390 | ||||||||||||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | — | — | — | — | — | 452 | — | — | 452 | ||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate - Construction | Real Estate - Construction | $ | 92,532 | $ | 436,057 | $ | 282,944 | $ | 48,981 | $ | 155 | $ | 0 | $ | 12,280 | $ | 0 | $ | 872,949 | Real Estate - Construction | $ | 162,809 | $ | 482,341 | $ | 318,316 | $ | 145,402 | $ | 15,525 | $ | — | $ | 6,539 | $ | 602 | $ | 1,131,534 | ||||||||||||||||||||
Residential | Residential | $ | 58,265 | $ | 119,326 | $ | 4,745 | $ | 0 | $ | 0 | $ | 0 | $ | 12,280 | $ | 0 | $ | 194,616 | Residential | $ | 61,146 | $ | 150,122 | $ | 6,025 | $ | — | $ | — | $ | — | $ | 2,107 | $ | 602 | $ | 220,002 | ||||||||||||||||||||
Pass | Pass | 58,265 | 118,233 | 4,745 | 0 | 0 | 0 | 12,280 | 0 | 193,523 | Pass | 61,146 | 150,122 | 6,025 | — | — | — | 2,107 | 602 | 220,002 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 808 | 0 | 0 | 0 | 0 | 0 | 0 | 808 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 285 | 0 | 0 | 0 | 0 | 0 | 0 | 285 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 34,267 | $ | 316,731 | $ | 278,199 | $ | 48,981 | $ | 155 | $ | 0 | $ | 0 | $ | 0 | $ | 678,333 | Commercial | $ | 101,663 | $ | 332,219 | $ | 312,291 | $ | 145,402 | $ | 15,525 | $ | — | $ | 4,432 | $ | — | $ | 911,532 | ||||||||||||||||||||
Pass | Pass | 34,267 | 316,731 | 273,501 | 48,981 | 155 | 0 | 0 | 0 | 673,635 | Pass | 101,663 | 331,298 | 312,291 | 145,402 | 15,525 | — | 4,432 | — | 910,611 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 4,698 | 0 | 0 | 0 | 0 | 0 | 4,698 | Special Mention | — | 921 | — | — | — | — | — | — | 921 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | Real Estate - 1-4 Family Mortgage | $ | 31,603 | $ | 95,809 | $ | 72,233 | $ | 26,901 | $ | 21,376 | $ | 15,190 | $ | 14,359 | $ | 546 | $ | 278,017 | Real Estate - 1-4 Family Mortgage | $ | 86,992 | $ | 180,183 | $ | 67,130 | $ | 43,262 | $ | 24,115 | $ | 29,405 | $ | 26,986 | $ | 854 | $ | 458,927 | ||||||||||||||||||||
Primary | Primary | $ | 4,437 | $ | 7,928 | $ | 5,065 | $ | 3,869 | $ | 3,979 | $ | 1,152 | $ | 1,217 | $ | 0 | $ | 27,647 | Primary | $ | 7,747 | $ | 12,478 | $ | 6,702 | $ | 2,969 | $ | 4,159 | $ | 4,803 | $ | 6,002 | $ | — | $ | 44,860 | ||||||||||||||||||||
Pass | Pass | 4,437 | 7,928 | 4,257 | 3,869 | 3,979 | 1,139 | 1,217 | 0 | 26,826 | Pass | 7,538 | 12,478 | 6,702 | 2,848 | 4,159 | 4,436 | 5,991 | — | 44,152 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 122 | 0 | 0 | 0 | 0 | 0 | 122 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 686 | 0 | 0 | 13 | 0 | 0 | 699 | Substandard | 209 | — | — | 121 | — | 367 | 11 | — | 708 | ||||||||||||||||||||||||||||||||||||||
Home Equity | Home Equity | $ | 766 | $ | 169 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 8,240 | $ | 0 | $ | 9,175 | Home Equity | $ | — | $ | 1,324 | $ | — | $ | 41 | $ | 127 | $ | — | $ | 13,817 | $ | 9 | $ | 15,318 | ||||||||||||||||||||
Pass | Pass | 766 | 169 | 0 | 0 | 0 | 0 | 8,240 | 0 | 9,175 | Pass | — | 1,324 | — | 41 | 127 | — | 13,817 | 9 | 15,318 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Rental/Investment | Rental/Investment | $ | 15,467 | $ | 50,956 | $ | 29,321 | $ | 21,108 | $ | 17,061 | $ | 13,474 | $ | 717 | $ | 546 | $ | 148,650 | Rental/Investment | $ | 41,987 | $ | 100,533 | $ | 51,166 | $ | 29,396 | $ | 19,608 | $ | 24,032 | $ | 6,321 | $ | 845 | $ | 273,888 | ||||||||||||||||||||
Pass | Pass | 15,447 | 50,865 | 28,397 | 20,249 | 16,853 | 12,984 | 717 | 546 | 146,058 | Pass | 41,966 | 100,456 | 50,958 | 28,363 | 19,339 | 23,306 | 6,321 | 845 | 271,554 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 77 | 208 | 0 | 0 | 285 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 20 | 91 | 924 | 859 | 131 | 282 | 0 | 0 | 2,307 | Substandard | 21 | 77 | 208 | 1,033 | 269 | 726 | — | — | 2,334 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 10,933 | $ | 36,756 | $ | 37,847 | $ | 1,924 | $ | 336 | $ | 564 | $ | 4,185 | $ | 0 | $ | 92,545 | Land Development | $ | 37,258 | $ | 65,848 | $ | 9,262 | $ | 10,856 | $ | 221 | $ | 570 | $ | 846 | $ | — | $ | 124,861 | ||||||||||||||||||||
Pass | Pass | 10,933 | 33,939 | 37,498 | 1,924 | 336 | 563 | 4,185 | 0 | 89,378 | Pass | 37,258 | 65,848 | 8,974 | 10,832 | 221 | 570 | 846 | — | 124,549 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | — | — | 288 | 24 | — | — | — | — | 312 | ||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate - Commercial Mortgage | Real Estate - Commercial Mortgage | $ | 398,640 | $ | 1,095,513 | $ | 790,229 | $ | 608,176 | $ | 304,844 | $ | 578,577 | $ | 137,549 | $ | 19,906 | $ | 3,933,434 | |||||||||||||||||||||||||||||||||||||||
Owner-Occupied | Owner-Occupied | $ | 121,718 | $ | 302,860 | $ | 266,970 | $ | 197,621 | $ | 146,863 | $ | 219,190 | $ | 55,759 | $ | 7,316 | $ | 1,318,297 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||||||||||||||||||||||
Special Mention | 0 | 2,817 | 0 | 0 | 0 | 0 | 0 | 0 | 2,817 | |||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 0 | 349 | 0 | 0 | 1 | 0 | 0 | 350 | |||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | 171,777 | $ | 934,961 | $ | 768,175 | $ | 420,655 | $ | 396,113 | $ | 569,509 | $ | 80,820 | $ | 21,426 | $ | 3,363,436 | ||||||||||||||||||||||||||||||||||||||||
Owner-Occupied | $ | 60,551 | $ | 301,265 | $ | 235,112 | $ | 183,534 | $ | 164,501 | $ | 169,547 | $ | 22,732 | $ | 9,313 | $ | 1,146,555 | ||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 60,551 | 299,469 | 233,528 | 178,701 | 158,299 | 165,302 | 22,715 | 7,526 | 1,126,091 | Pass | 121,353 | 301,595 | 265,142 | 196,020 | 145,137 | 203,852 | 55,759 | 6,347 | 1,295,205 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 1,153 | 840 | 0 | 1,972 | 532 | 0 | 1,787 | 6,284 | Special Mention | — | 1,191 | — | 347 | — | 3,127 | — | 932 | 5,597 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 643 | 744 | 4,833 | 4,230 | 3,713 | 17 | 0 | 14,180 | Substandard | 365 | 74 | 1,828 | 1,254 | 1,726 | 12,211 | — | 37 | 17,495 | ||||||||||||||||||||||||||||||||||||||
Non-Owner Occupied | Non-Owner Occupied | $ | 106,264 | $ | 600,412 | $ | 516,319 | $ | 230,201 | $ | 228,491 | $ | 394,757 | $ | 51,818 | $ | 12,113 | $ | 2,140,375 | Non-Owner Occupied | $ | 260,565 | $ | 749,262 | $ | 507,210 | $ | 400,465 | $ | 152,176 | $ | 356,205 | $ | 72,478 | $ | 12,590 | $ | 2,510,951 | ||||||||||||||||||||
Pass | Pass | 106,264 | 591,416 | 507,372 | 224,229 | 183,705 | 361,486 | 51,818 | 12,113 | 2,038,403 | Pass | 260,361 | 740,078 | 507,210 | 387,131 | 152,176 | 292,279 | 72,478 | 12,590 | 2,424,303 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 8,996 | 0 | 5,972 | 39,161 | 15,319 | 0 | 0 | 69,448 | Special Mention | — | 9,184 | — | 11,322 | — | 24,606 | — | — | 45,112 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 8,947 | 0 | 5,625 | 17,952 | 0 | 0 | 32,524 | Substandard | 204 | — | — | 2,012 | — | 39,320 | — | — | 41,536 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 4,962 | $ | 33,284 | $ | 16,744 | $ | 6,920 | $ | 3,121 | $ | 5,205 | $ | 6,270 | $ | 0 | $ | 76,506 | Land Development | $ | 16,357 | $ | 43,391 | $ | 16,049 | $ | 10,090 | $ | 5,805 | $ | 3,182 | $ | 9,312 | $ | — | $ | 104,186 | ||||||||||||||||||||
Pass | Pass | 4,962 | 31,148 | 16,744 | 5,815 | 3,058 | 4,339 | 6,270 | 0 | 72,336 | Pass | 14,759 | 43,123 | 15,713 | 10,090 | 5,724 | 3,182 | 9,312 | — | 101,903 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 1,105 | 63 | 46 | 0 | 0 | 1,214 | Special Mention | — | 43 | — | — | — | — | — | — | 43 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 2,136 | 0 | 0 | 0 | 820 | 0 | 0 | 2,956 | Substandard | 1,598 | 225 | 336 | — | 81 | — | — | — | 2,240 | ||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | $ | 53 | $ | 45 | $ | 3 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 101 | Installment loans to individuals | $ | 73 | $ | — | $ | — | $ | 37 | $ | — | $ | — | $ | — | $ | — | $ | 110 | ||||||||||||||||||||
Pass | Pass | 53 | 45 | 3 | 0 | 0 | 0 | 0 | 0 | 101 | Pass | 73 | — | — | 37 | — | — | — | — | 110 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total loans subject to risk rating | Total loans subject to risk rating | $ | 385,976 | $ | 2,630,042 | $ | 1,283,313 | $ | 566,390 | $ | 451,208 | $ | 614,377 | $ | 369,544 | $ | 25,544 | $ | 6,326,394 | Total loans subject to risk rating | $ | 764,739 | $ | 2,059,517 | $ | 1,381,960 | $ | 916,904 | $ | 390,402 | $ | 632,131 | $ | 744,319 | $ | 25,866 | $ | 6,915,838 | ||||||||||||||||||||
Pass | Pass | 385,515 | 2,612,743 | 1,263,003 | 550,070 | 394,812 | 572,456 | 363,132 | 22,548 | 6,164,279 | Pass | 761,788 | 2,046,632 | 1,371,508 | 900,273 | 386,756 | 550,572 | 742,129 | 23,890 | 6,783,548 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 13,895 | 7,502 | 7,383 | 41,963 | 17,565 | 213 | 1,787 | 90,308 | Special Mention | 89 | 11,339 | — | 11,863 | 272 | 28,185 | 601 | 932 | 53,281 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 461 | 3,404 | 12,808 | 8,937 | 14,433 | 24,356 | 6,199 | 1,209 | 71,807 | Substandard | 2,862 | 1,546 | 10,452 | 4,768 | 3,374 | 53,374 | 1,589 | 1,044 | 79,009 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2020 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 1,448,273 | $ | 183,627 | $ | 76,912 | $ | 36,866 | $ | 18,124 | $ | 15,844 | $ | 255,522 | $ | 2,449 | $ | 2,037,617 | |||||||||||
Pass | 1,447,594 | 180,979 | 73,325 | 31,362 | 16,308 | 14,626 | 250,528 | 1,562 | 2,016,284 | ||||||||||||||||||||
Special Mention | 128 | 1,952 | 2,091 | 3,850 | 1,416 | 109 | 187 | 0 | 9,733 | ||||||||||||||||||||
Substandard | 551 | 696 | 1,496 | 1,654 | 400 | 1,109 | 4,807 | 887 | 11,600 | ||||||||||||||||||||
Real Estate - Construction | $ | 398,891 | $ | 266,471 | $ | 52,520 | $ | 29,300 | $ | 0 | $ | 0 | $ | 13,927 | $ | 0 | $ | 761,109 | |||||||||||
Residential | $ | 154,649 | $ | 9,836 | $ | 2,114 | $ | 0 | $ | 0 | $ | 0 | $ | 13,923 | $ | 0 | $ | 180,522 | |||||||||||
Pass | 154,419 | 9,339 | 2,114 | 0 | 0 | 0 | 13,923 | 0 | 179,795 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 230 | 497 | 0 | 0 | 0 | 0 | 0 | 0 | 727 | ||||||||||||||||||||
Commercial | $ | 244,242 | $ | 256,635 | $ | 50,406 | $ | 29,300 | $ | 0 | $ | 0 | $ | 4 | $ | 0 | $ | 580,587 | |||||||||||
Pass | 244,242 | 251,937 | 50,406 | 29,300 | 0 | 0 | 4 | 0 | 575,889 | ||||||||||||||||||||
Special Mention | 0 | 4,698 | 0 | 0 | 0 | 0 | 0 | 0 | 4,698 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 300,748 | $ | 245,940 | $ | 122,350 | $ | 44,533 | $ | 15,384 | $ | 11,103 | $ | 557,628 | $ | 2,757 | $ | 1,300,443 | |||||||||||
Pass | 299,731 | 245,657 | 120,102 | 43,042 | 14,603 | 8,605 | 553,541 | 2,002 | 1,287,283 | ||||||||||||||||||||
Special Mention | — | 136 | 1,798 | 281 | 605 | 1,196 | 651 | — | 4,667 | ||||||||||||||||||||
Substandard | 1,017 | 147 | 450 | 1,210 | 176 | 1,302 | 3,436 | 755 | 8,493 | ||||||||||||||||||||
Real Estate - Construction | $ | 461,370 | $ | 371,694 | $ | 174,369 | $ | 14,813 | $ | — | $ | — | $ | 3,769 | $ | 2,428 | $ | 1,028,443 | |||||||||||
Residential | $ | 210,734 | $ | 12,598 | $ | — | $ | — | $ | — | $ | — | $ | 3,769 | $ | 2,428 | $ | 229,529 | |||||||||||
Pass | 210,734 | 12,598 | — | — | — | — | 3,769 | 2,428 | 229,529 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Commercial | $ | 250,636 | $ | 359,096 | $ | 174,369 | $ | 14,813 | $ | — | $ | — | $ | — | $ | — | $ | 798,914 | |||||||||||
Pass | 250,636 | 359,096 | 174,369 | 14,813 | — | — | — | — | 798,914 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | 2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | Real Estate - 1-4 Family Mortgage | $ | 110,246 | $ | 78,482 | $ | 36,613 | $ | 30,018 | $ | 13,197 | $ | 7,172 | $ | 10,658 | $ | 1,909 | $ | 288,295 | Real Estate - 1-4 Family Mortgage | $ | 205,137 | $ | 83,038 | $ | 60,240 | $ | 30,044 | $ | 28,340 | $ | 8,846 | $ | 25,534 | $ | 941 | $ | 442,120 | ||||||||||||||||||||
Primary | Primary | $ | 9,422 | $ | 6,691 | $ | 3,988 | $ | 4,644 | $ | 371 | $ | 1,060 | $ | 629 | $ | 0 | $ | 26,805 | Primary | $ | 15,599 | $ | 7,698 | $ | 3,662 | $ | 5,985 | $ | 4,150 | $ | 1,066 | $ | 4,727 | $ | — | $ | 42,887 | ||||||||||||||||||||
Pass | Pass | 9,422 | 5,870 | 3,988 | 4,644 | 371 | 1,045 | 629 | 0 | 25,969 | Pass | 15,599 | 7,698 | 3,496 | 5,985 | 4,066 | 1,057 | 4,716 | — | 42,617 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 125 | 0 | 0 | 0 | 0 | 0 | 0 | 125 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 696 | 0 | 0 | 0 | 15 | 0 | 0 | 711 | Substandard | — | — | 166 | — | 84 | 9 | 11 | — | 270 | ||||||||||||||||||||||||||||||||||||||
Home Equity | Home Equity | $ | 157 | $ | 184 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 6,051 | $ | 0 | $ | 6,392 | Home Equity | $ | 1,318 | $ | — | $ | 42 | $ | 131 | $ | — | $ | — | $ | 13,615 | $ | 10 | $ | 15,116 | ||||||||||||||||||||
Pass | Pass | 157 | 184 | 0 | 0 | 0 | 0 | 6,051 | 0 | 6,392 | Pass | 1,318 | — | 42 | 131 | — | — | 13,615 | 10 | 15,116 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Rental/Investment | Rental/Investment | $ | 50,558 | $ | 32,656 | $ | 27,483 | $ | 25,019 | $ | 12,620 | $ | 5,699 | $ | 1,066 | $ | 557 | $ | 155,658 | Rental/Investment | $ | 111,006 | $ | 61,801 | $ | 33,734 | $ | 23,520 | $ | 23,890 | $ | 7,469 | $ | 5,554 | $ | 931 | $ | 267,905 | ||||||||||||||||||||
Pass | Pass | 50,371 | 31,724 | 26,695 | 24,872 | 12,439 | 5,166 | 1,066 | 557 | 152,890 | Pass | 110,987 | 60,855 | 32,733 | 23,246 | 23,708 | 7,098 | 5,554 | 931 | 265,112 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 83 | 77 | 133 | 0 | 0 | 293 | Special Mention | — | 249 | — | — | — | — | — | — | 249 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 187 | 932 | 788 | 64 | 104 | 400 | 0 | 0 | 2,475 | Substandard | 19 | 697 | 1,001 | 274 | 182 | 371 | — | — | 2,544 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 50,109 | $ | 38,951 | $ | 5,142 | $ | 355 | $ | 206 | $ | 413 | $ | 2,912 | $ | 1,352 | $ | 99,440 | Land Development | $ | 77,214 | $ | 13,539 | $ | 22,802 | $ | 408 | $ | 300 | $ | 311 | $ | 1,638 | $ | — | $ | 116,212 | ||||||||||||||||||||
Pass | Pass | 50,109 | 38,388 | 5,142 | 355 | 203 | 413 | 2,912 | 1,352 | 98,874 | Pass | 74,818 | 13,539 | 22,769 | 408 | 300 | 311 | 1,638 | — | 113,783 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special Mention | 2,396 | — | — | — | — | — | — | — | 2,396 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 563 | 0 | 0 | 3 | 0 | 0 | 0 | 566 | Substandard | — | — | 33 | — | — | — | — | — | 33 | ||||||||||||||||||||||||||||||||||||||
Real Estate - Commercial Mortgage | Real Estate - Commercial Mortgage | $ | 967,746 | $ | 801,083 | $ | 444,205 | $ | 402,110 | $ | 340,774 | $ | 277,789 | $ | 76,115 | $ | 20,845 | $ | 3,330,667 | Real Estate - Commercial Mortgage | $ | 1,168,118 | $ | 836,549 | $ | 680,506 | $ | 344,089 | $ | 298,644 | $ | 376,652 | $ | 147,446 | $ | 21,644 | $ | 3,873,648 | ||||||||||||||||||||
Owner-Occupied | Owner-Occupied | $ | 295,642 | $ | 256,807 | $ | 199,082 | $ | 169,527 | $ | 99,540 | $ | 85,614 | $ | 16,683 | $ | 9,733 | $ | 1,132,628 | Owner-Occupied | $ | 312,031 | $ | 305,686 | $ | 220,057 | $ | 164,345 | $ | 140,265 | $ | 117,767 | $ | 59,126 | $ | 9,748 | $ | 1,329,025 | ||||||||||||||||||||
Pass | Pass | 293,851 | 255,206 | 193,716 | 163,358 | 96,128 | 83,582 | 16,043 | 7,896 | 1,109,780 | Pass | 310,736 | 304,555 | 218,447 | 161,521 | 134,410 | 109,577 | 59,126 | 8,036 | 1,306,408 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 1,167 | 847 | 0 | 2,067 | 228 | 311 | 0 | 1,837 | 6,457 | Special Mention | 1,210 | 1,131 | — | — | 1,733 | 328 | — | 1,712 | 6,114 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 624 | 754 | 5,366 | 4,102 | 3,184 | 1,721 | 640 | 0 | 16,391 | Substandard | 85 | — | 1,610 | 2,824 | 4,122 | 7,862 | — | — | 16,503 | ||||||||||||||||||||||||||||||||||||||
Non-Owner Occupied | Non-Owner Occupied | $ | 635,232 | $ | 522,998 | $ | 237,075 | $ | 229,304 | $ | 236,347 | $ | 189,077 | $ | 52,456 | $ | 11,112 | $ | 2,113,601 | Non-Owner Occupied | $ | 809,784 | $ | 511,803 | $ | 449,409 | $ | 173,123 | $ | 155,175 | $ | 256,133 | $ | 79,016 | $ | 11,896 | $ | 2,446,339 | ||||||||||||||||||||
Pass | Pass | 624,289 | 514,030 | 237,075 | 184,673 | 218,106 | 175,702 | 52,456 | 11,112 | 2,017,443 | Pass | 800,348 | 503,009 | 436,062 | 165,843 | 102,446 | 242,665 | 79,016 | 11,896 | 2,341,285 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 9,105 | 0 | 0 | 39,007 | 4,688 | 10,788 | 0 | 0 | 63,588 | Special Mention | 9,235 | 8,794 | 11,356 | 7,280 | 33,176 | 8,024 | — | — | 77,865 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 1,838 | 8,968 | 0 | 5,624 | 13,553 | 2,587 | 0 | 0 | 32,570 | Substandard | 201 | — | 1,991 | — | 19,553 | 5,444 | — | — | 27,189 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 36,872 | $ | 21,278 | $ | 8,048 | $ | 3,279 | $ | 4,887 | $ | 3,098 | $ | 6,976 | $ | 0 | $ | 84,438 | Land Development | $ | 46,303 | $ | 19,060 | $ | 11,040 | $ | 6,621 | $ | 3,204 | $ | 2,752 | $ | 9,304 | $ | — | $ | 98,284 | ||||||||||||||||||||
Pass | Pass | 34,719 | 21,278 | 6,925 | 3,210 | 3,274 | 3,098 | 6,976 | 0 | 79,480 | Pass | 46,034 | 17,030 | 11,040 | 6,569 | 3,204 | 2,752 | 9,304 | — | 95,933 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 1,123 | 69 | 46 | 0 | 0 | 0 | 1,238 | Special Mention | 44 | — | — | — | — | — | — | — | 44 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 2,153 | 0 | 0 | 0 | 1,567 | 0 | 0 | 0 | 3,720 | Substandard | 225 | 2,030 | — | 52 | — | — | — | — | 2,307 | ||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | $ | 74 | $ | 4 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 16 | $ | 94 | Installment loans to individuals | $ | — | $ | — | $ | 42 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 42 | ||||||||||||||||||||
Pass | Pass | 74 | 4 | 0 | 0 | 0 | 0 | 0 | 16 | 94 | Pass | — | — | 42 | — | — | — | — | — | 42 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total loans subject to risk rating | Total loans subject to risk rating | $ | 2,925,230 | $ | 1,329,667 | $ | 610,250 | $ | 498,294 | $ | 372,095 | $ | 300,805 | $ | 356,222 | $ | 25,219 | $ | 6,417,782 | Total loans subject to risk rating | $ | 2,135,373 | $ | 1,537,221 | $ | 1,037,507 | $ | 433,479 | $ | 342,368 | $ | 396,601 | $ | 734,377 | $ | 27,770 | $ | 6,644,696 | ||||||||||||||||||||
Pass | Pass | 2,909,247 | 1,308,939 | 599,386 | 441,774 | 346,829 | 283,632 | 350,588 | 22,495 | 6,262,890 | Pass | 2,120,941 | 1,524,037 | 1,019,102 | 421,558 | 282,737 | 372,065 | 730,279 | 25,303 | 6,496,022 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 10,400 | 7,622 | 3,214 | 45,076 | 6,455 | 11,341 | 187 | 1,837 | 86,132 | Special Mention | 12,885 | 10,310 | 13,154 | 7,561 | 35,514 | 9,548 | 651 | 1,712 | 91,335 | ||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 5,583 | 13,106 | 7,650 | 11,444 | 18,811 | 5,832 | 5,447 | 887 | 68,760 | Substandard | 1,547 | 2,874 | 5,251 | 4,360 | 24,117 | 14,988 | 3,447 | 755 | 57,339 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | Commercial, Financial, Agricultural | $ | 14,217 | $ | 22,648 | $ | 13,758 | $ | 8,645 | $ | 5,216 | $ | 11,821 | $ | 216,971 | $ | 277 | $ | 293,553 | Commercial, Financial, Agricultural | $ | — | $ | 24 | $ | — | $ | — | $ | — | $ | 4,586 | $ | 29,638 | $ | — | $ | 34,248 | ||||||||||||||||||||
Performing Loans | Performing Loans | 14,217 | 22,648 | 13,513 | 8,627 | 4,996 | 11,730 | 216,554 | 277 | 292,562 | Performing Loans | — | 24 | — | — | — | 4,586 | 29,638 | — | 34,248 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 245 | 18 | 220 | 91 | 417 | 0 | 991 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Lease Financing Receivables | $ | 6,376 | $ | 29,408 | $ | 23,195 | $ | 10,129 | $ | 3,725 | $ | 2,423 | $ | 0 | $ | 0 | $ | 75,256 | ||||||||||||||||||||||||||||||||||||||||
Performing Loans | 6,376 | 29,408 | 23,195 | 10,129 | 3,725 | 2,423 | 0 | 0 | 75,256 | |||||||||||||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate - Construction | Real Estate - Construction | $ | 4,500 | $ | 51,817 | $ | 4,168 | $ | 0 | $ | 152 | $ | 0 | $ | 0 | $ | 0 | $ | 60,637 | Real Estate - Construction | $ | 7,060 | $ | 70,624 | $ | 6,079 | $ | 1,631 | $ | — | $ | — | $ | — | $ | — | $ | 85,394 | ||||||||||||||||||||
Residential | Residential | $ | 3,933 | $ | 50,418 | $ | 3,676 | $ | 0 | $ | 152 | $ | 0 | $ | 0 | $ | 0 | $ | 58,179 | Residential | $ | 7,060 | $ | 70,624 | $ | 6,079 | $ | 1,631 | $ | — | $ | — | $ | — | $ | — | $ | 85,394 | ||||||||||||||||||||
Performing Loans | Performing Loans | 3,933 | 50,418 | 3,676 | 0 | 152 | 0 | 0 | 0 | 58,179 | Performing Loans | 7,060 | 70,624 | 6,079 | 1,631 | — | — | — | — | 85,394 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 567 | $ | 1,399 | $ | 492 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 2,458 | Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Performing Loans | Performing Loans | 567 | 1,399 | 492 | 0 | 0 | 0 | 0 | 0 | 2,458 | Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | Real Estate - 1-4 Family Mortgage | $ | 137,286 | $ | 536,741 | $ | 311,138 | $ | 240,837 | $ | 179,410 | $ | 271,009 | $ | 422,860 | $ | 3,622 | $ | 2,102,903 | Real Estate - 1-4 Family Mortgage | $ | 202,102 | $ | 576,608 | $ | 389,909 | $ | 182,310 | $ | 142,482 | $ | 284,535 | $ | 404,747 | $ | 2,967 | $ | 2,185,660 | ||||||||||||||||||||
Primary | Primary | $ | 124,455 | $ | 491,825 | $ | 290,701 | $ | 220,720 | $ | 162,131 | $ | 257,114 | $ | 1,574 | $ | 45 | $ | 1,548,565 | Primary | $ | 199,643 | $ | 566,132 | $ | 387,647 | $ | 181,465 | $ | 140,891 | $ | 283,112 | $ | — | $ | — | $ | 1,758,890 | ||||||||||||||||||||
Performing Loans | Performing Loans | 124,455 | 491,758 | 288,911 | 216,768 | 160,569 | 254,570 | 1,563 | 45 | 1,538,639 | Performing Loans | 199,643 | 565,669 | 386,148 | 179,052 | 136,035 | 277,478 | — | — | 1,744,025 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 67 | 1,790 | 3,952 | 1,562 | 2,544 | 11 | 0 | 9,926 | Non-Performing Loans | — | 463 | 1,499 | 2,413 | 4,856 | 5,634 | — | — | 14,865 | ||||||||||||||||||||||||||||||||||||||
Home Equity | Home Equity | $ | 49 | $ | 0 | $ | 125 | $ | 368 | $ | 0 | $ | 817 | $ | 418,553 | $ | 3,120 | $ | 423,032 | Home Equity | $ | 520 | $ | 111 | $ | — | $ | 79 | $ | 224 | $ | 460 | $ | 404,747 | $ | 2,967 | $ | 409,108 | ||||||||||||||||||||
Performing Loans | Performing Loans | 49 | 0 | 125 | 368 | 0 | 704 | 418,039 | 2,756 | 422,041 | Performing Loans | 520 | 111 | — | 79 | 224 | 388 | 403,926 | 2,413 | 407,661 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 113 | 514 | 364 | 991 | Non-Performing Loans | — | — | — | — | — | 72 | 821 | 554 | 1,447 | ||||||||||||||||||||||||||||||||||||||
Rental/Investment | Rental/Investment | $ | 9,505 | $ | 32,937 | $ | 18,465 | $ | 16,855 | $ | 15,873 | $ | 11,999 | $ | 2,238 | $ | 457 | $ | 108,329 | Rental/Investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 229 | $ | — | $ | — | $ | 229 | ||||||||||||||||||||
Performing Loans | Performing Loans | 9,505 | 32,631 | 18,370 | 16,855 | 15,790 | 11,789 | 2,238 | 457 | 107,635 | Performing Loans | — | — | — | — | — | 176 | — | — | 176 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 306 | 95 | 0 | 83 | 210 | 0 | 0 | 694 | Non-Performing Loans | — | — | — | — | — | 53 | — | — | 53 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 3,277 | $ | 11,979 | $ | 1,847 | $ | 2,894 | $ | 1,406 | $ | 1,079 | $ | 495 | $ | 0 | $ | 22,977 | Land Development | $ | 1,939 | $ | 10,365 | $ | 2,262 | $ | 766 | $ | 1,367 | $ | 734 | $ | — | $ | — | $ | 17,433 | ||||||||||||||||||||
Performing Loans | Performing Loans | 3,277 | 11,979 | 1,847 | 2,891 | 1,376 | 1,060 | 495 | 0 | 22,925 | Performing Loans | 1,939 | 10,340 | 2,172 | 734 | 1,367 | 672 | — | — | 17,224 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 3 | 30 | 19 | 0 | 0 | 52 | Non-Performing Loans | — | 25 | 90 | 32 | — | 62 | — | — | 209 | ||||||||||||||||||||||||||||||||||||||
Real Estate - Commercial Mortgage | Real Estate - Commercial Mortgage | $ | 22,358 | $ | 78,624 | $ | 65,782 | $ | 50,946 | $ | 43,187 | $ | 40,740 | $ | 10,561 | $ | 526 | $ | 312,724 | Real Estate - Commercial Mortgage | $ | 1,004 | $ | 4,940 | $ | 3,204 | $ | 1,785 | $ | 748 | $ | 425 | $ | — | $ | — | $ | 12,106 | ||||||||||||||||||||
Owner-Occupied | Owner-Occupied | $ | 13,295 | $ | 47,352 | $ | 41,946 | $ | 33,008 | $ | 28,117 | $ | 28,199 | $ | 5,351 | $ | 331 | $ | 197,599 | Owner-Occupied | $ | — | $ | — | $ | 135 | $ | 14 | $ | — | $ | — | $ | — | $ | — | $ | 149 | ||||||||||||||||||||
Performing Loans | Performing Loans | 13,295 | 47,352 | 41,946 | 33,008 | 27,952 | 27,692 | 5,351 | 331 | 196,927 | Performing Loans | — | — | 135 | 14 | — | — | — | — | 149 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 165 | 507 | 0 | 0 | 672 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Non-Owner Occupied | Non-Owner Occupied | $ | 6,441 | $ | 19,530 | $ | 17,407 | $ | 13,692 | $ | 12,532 | $ | 8,918 | $ | 2,166 | $ | 145 | $ | 80,831 | Non-Owner Occupied | $ | — | $ | — | $ | 30 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 30 | ||||||||||||||||||||
Performing Loans | Performing Loans | 6,441 | 19,530 | 17,407 | 13,634 | 12,532 | 8,868 | 2,166 | 145 | 80,723 | Performing Loans | — | — | 30 | — | — | — | — | — | 30 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 58 | 0 | 50 | 0 | 0 | 108 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 2,622 | $ | 11,742 | $ | 6,429 | $ | 4,246 | $ | 2,538 | $ | 3,623 | $ | 3,044 | $ | 50 | $ | 34,294 | Land Development | $ | 1,004 | $ | 4,940 | $ | 3,039 | $ | 1,771 | $ | 748 | $ | 425 | $ | — | $ | — | $ | 11,927 | ||||||||||||||||||||
Performing Loans | Performing Loans | 2,622 | 11,737 | 6,429 | 4,246 | 2,535 | 3,478 | 3,044 | 50 | 34,141 | Performing Loans | 1,004 | 4,940 | 3,039 | 1,755 | 748 | 374 | — | — | 11,860 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 5 | 0 | 0 | 3 | 145 | 0 | 0 | 153 | Non-Performing Loans | — | — | — | 16 | — | 51 | — | — | 67 | ||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | $ | 10,052 | $ | 41,255 | $ | 41,440 | $ | 11,944 | $ | 3,380 | $ | 3,296 | $ | 9,619 | $ | 49 | $ | 121,035 | Installment loans to individuals | $ | 13,094 | $ | 36,301 | $ | 11,810 | $ | 20,312 | $ | 6,858 | $ | 3,303 | $ | 13,926 | $ | 40 | $ | 105,644 | ||||||||||||||||||||
Performing Loans | Performing Loans | 10,052 | 41,168 | 41,334 | 11,887 | 3,339 | 3,245 | 9,609 | 15 | 120,649 | Performing Loans | 12,981 | 36,285 | 11,783 | 20,265 | 6,848 | 3,252 | 13,926 | 37 | 105,377 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 87 | 106 | 57 | 41 | 51 | 10 | 34 | 386 | Non-Performing Loans | 113 | 16 | 27 | 47 | 10 | 51 | — | 3 | 267 | ||||||||||||||||||||||||||||||||||||||
Total loans not subject to risk rating | Total loans not subject to risk rating | $ | 194,789 | $ | 760,493 | $ | 459,481 | $ | 322,501 | $ | 235,070 | $ | 329,289 | $ | 660,011 | $ | 4,474 | $ | 2,966,108 | Total loans not subject to risk rating | $ | 223,260 | $ | 688,497 | $ | 411,002 | $ | 206,038 | $ | 150,088 | $ | 292,849 | $ | 448,311 | $ | 3,007 | $ | 2,423,052 | ||||||||||||||||||||
Performing Loans | Performing Loans | 194,789 | 760,028 | 457,245 | 318,413 | 232,966 | 325,559 | 659,059 | 4,076 | 2,952,135 | Performing Loans | 223,147 | 687,993 | 409,386 | 203,530 | 145,222 | 286,926 | 447,490 | 2,450 | 2,406,144 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 465 | 2,236 | 4,088 | 2,104 | 3,730 | 952 | 398 | 13,973 | Non-Performing Loans | 113 | 504 | 1,616 | 2,508 | 4,866 | 5,923 | 821 | 557 | 16,908 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | 2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | Commercial, Financial, Agricultural | $ | 33,805 | $ | 16,455 | $ | 10,381 | $ | 6,396 | $ | 2,826 | $ | 7,201 | $ | 245,485 | $ | 305 | $ | 322,854 | Commercial, Financial, Agricultural | $ | 71 | $ | — | $ | — | $ | 1 | $ | — | $ | 8,983 | $ | 23,464 | $ | — | $ | 32,519 | ||||||||||||||||||||
Performing Loans | Performing Loans | 33,794 | 16,343 | 10,340 | 6,026 | 2,748 | 7,181 | 245,059 | 305 | 321,796 | Performing Loans | 71 | — | — | 1 | — | 8,983 | 23,464 | — | 32,519 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 11 | 112 | 41 | 370 | 78 | 20 | 426 | 0 | 1,058 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Lease Financing Receivables | Lease Financing Receivables | $ | 32,150 | $ | 25,270 | $ | 10,999 | $ | 4,231 | $ | 1,040 | $ | 2,172 | $ | 0 | $ | 0 | $ | 75,862 | Lease Financing Receivables | $ | 26,301 | $ | 23,270 | $ | 15,504 | $ | 7,713 | $ | 2,169 | $ | 1,168 | $ | — | $ | — | $ | 76,125 | ||||||||||||||||||||
Performing Loans | Performing Loans | 32,150 | 25,270 | 10,999 | 4,231 | 992 | 2,172 | 0 | 0 | 75,814 | Performing Loans | 26,301 | 23,270 | 15,504 | 7,713 | 2,167 | 1,159 | — | — | 76,114 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 48 | 0 | 0 | 0 | 48 | Non-Performing Loans | — | — | — | — | 2 | 9 | — | — | 11 | ||||||||||||||||||||||||||||||||||||||
Real Estate - Construction | Real Estate - Construction | $ | 54,918 | $ | 10,334 | $ | 295 | $ | 153 | $ | 0 | $ | 0 | $ | 343 | $ | 0 | $ | 66,043 | Real Estate - Construction | $ | 57,283 | $ | 12,561 | $ | 1,615 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 71,459 | ||||||||||||||||||||
Residential | Residential | $ | 53,108 | $ | 9,393 | $ | 295 | $ | 153 | $ | 0 | $ | 0 | $ | 343 | $ | — | $ | 63,292 | Residential | $ | 57,283 | $ | 12,561 | $ | 1,615 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 71,459 | ||||||||||||||||||||
Performing Loans | Performing Loans | 53,108 | 9,393 | 295 | 153 | 0 | 0 | 343 | 0 | 63,292 | Performing Loans | 57,283 | 12,561 | 1,615 | — | — | — | — | — | 71,459 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 1,810 | $ | 941 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 2,751 | Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Performing Loans | Performing Loans | 1,810 | 941 | 0 | 0 | 0 | 0 | 0 | 0 | 2,751 | Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | Real Estate - 1-4 Family Mortgage | $ | 517,553 | $ | 344,643 | $ | 261,735 | $ | 196,777 | $ | 105,216 | $ | 212,214 | $ | 426,437 | $ | 3,694 | $ | 2,068,269 | Real Estate - 1-4 Family Mortgage | $ | 554,483 | $ | 419,252 | $ | 205,014 | $ | 155,535 | $ | 117,619 | $ | 207,381 | $ | 404,293 | $ | 2,776 | $ | 2,066,353 | ||||||||||||||||||||
Primary | Primary | $ | 470,034 | $ | 321,155 | $ | 239,542 | $ | 176,926 | $ | 92,195 | $ | 207,721 | $ | 1,758 | $ | 45 | $ | 1,509,376 | Primary | $ | 542,659 | $ | 415,863 | $ | 203,739 | $ | 153,717 | $ | 116,689 | $ | 206,496 | $ | — | $ | — | $ | 1,639,163 | ||||||||||||||||||||
Performing Loans | Performing Loans | 470,034 | 318,929 | 235,816 | 175,219 | 91,479 | 205,530 | 1,747 | 45 | 1,498,799 | Performing Loans | 542,053 | 414,931 | 201,273 | 148,649 | 114,669 | 203,416 | — | — | 1,624,991 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 2,226 | 3,726 | 1,707 | 716 | 2,191 | 11 | 0 | 10,577 | Non-Performing Loans | 606 | 932 | 2,466 | 5,068 | 2,020 | 3,080 | — | — | 14,172 | ||||||||||||||||||||||||||||||||||||||
Home Equity | Home Equity | $ | 0 | $ | 203 | $ | 372 | $ | 0 | $ | 45 | $ | 799 | $ | 421,838 | $ | 3,119 | $ | 426,376 | Home Equity | $ | 111 | $ | — | $ | 79 | $ | 225 | $ | — | $ | 508 | $ | 404,293 | $ | 2,776 | $ | 407,992 | ||||||||||||||||||||
Performing Loans | Performing Loans | 0 | 203 | 372 | 0 | 45 | 684 | 421,516 | 2,642 | 425,462 | Performing Loans | 111 | — | 79 | 225 | — | 435 | 403,598 | 2,599 | 407,047 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 115 | 322 | 477 | 914 | Non-Performing Loans | — | — | — | — | — | 73 | 695 | 177 | 945 | ||||||||||||||||||||||||||||||||||||||
Rental/Investment | Rental/Investment | $ | 34,079 | $ | 20,499 | $ | 18,319 | $ | 17,758 | $ | 11,907 | $ | 3,356 | $ | 2,330 | $ | 530 | $ | 108,778 | Rental/Investment | $ | — | $ | — | $ | 99 | $ | — | $ | 23 | $ | 218 | $ | — | $ | — | $ | 340 | ||||||||||||||||||||
Performing Loans | Performing Loans | 34,079 | 20,404 | 18,245 | 17,595 | 11,901 | 3,196 | 2,330 | 530 | 108,280 | Performing Loans | — | — | 99 | — | 23 | 164 | — | — | 286 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 95 | 74 | 163 | 6 | 160 | 0 | 0 | 498 | Non-Performing Loans | — | — | — | — | — | 54 | — | — | 54 | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 13,440 | $ | 2,786 | $ | 3,502 | $ | 2,093 | $ | 1,069 | $ | 338 | $ | 511 | $ | 0 | $ | 23,739 | Land Development | $ | 11,713 | $ | 3,389 | $ | 1,097 | $ | 1,593 | $ | 907 | $ | 159 | $ | — | $ | — | $ | 18,858 | ||||||||||||||||||||
Performing Loans | Performing Loans | 13,440 | 2,786 | 3,502 | 2,062 | 1,069 | 338 | 511 | 0 | 23,708 | Performing Loans | 11,688 | 3,298 | 1,065 | 1,593 | 832 | 159 | — | — | 18,635 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 31 | 0 | 0 | 0 | 0 | 31 | Non-Performing Loans | 25 | 91 | 32 | — | 75 | — | — | — | 223 | ||||||||||||||||||||||||||||||||||||||
Real Estate - Commercial Mortgage | Real Estate - Commercial Mortgage | $ | 81,953 | $ | 71,063 | $ | 56,193 | $ | 47,013 | $ | 35,801 | $ | 15,679 | $ | 10,772 | $ | 488 | $ | 318,962 | Real Estate - Commercial Mortgage | $ | 5,265 | $ | 3,584 | $ | 2,082 | $ | 800 | $ | 468 | $ | 137 | $ | — | $ | — | $ | 12,336 | ||||||||||||||||||||
Owner-Occupied | Owner-Occupied | $ | 48,814 | $ | 44,606 | $ | 36,661 | $ | 30,266 | $ | 23,974 | $ | 11,608 | $ | 5,919 | $ | 289 | $ | 202,137 | Owner-Occupied | $ | — | $ | 136 | $ | 58 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 194 | ||||||||||||||||||||
Performing Loans | Performing Loans | 48,814 | 44,344 | 36,349 | 30,097 | 23,885 | 11,216 | 5,904 | 289 | 200,898 | Performing Loans | — | 136 | 58 | — | — | — | — | — | 194 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 262 | 312 | 169 | 89 | 392 | 15 | 0 | 1,239 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Non-Owner Occupied | Non-Owner Occupied | $ | 20,483 | $ | 18,585 | $ | 14,544 | $ | 13,821 | $ | 8,068 | $ | 3,491 | $ | 1,999 | $ | 147 | $ | 81,138 | Non-Owner Occupied | $ | — | $ | 31 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 31 | ||||||||||||||||||||
Performing Loans | Performing Loans | 20,483 | 18,460 | 14,486 | 13,821 | 8,068 | 3,439 | 1,999 | 147 | 80,903 | Performing Loans | — | 31 | — | — | — | — | — | — | 31 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 125 | 58 | 0 | 0 | 52 | 0 | 0 | 235 | Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Land Development | Land Development | $ | 12,656 | $ | 7,872 | $ | 4,988 | $ | 2,926 | $ | 3,759 | $ | 580 | $ | 2,854 | $ | 52 | $ | 35,687 | Land Development | $ | 5,265 | $ | 3,417 | $ | 2,024 | $ | 800 | $ | 468 | $ | 137 | $ | — | $ | — | $ | 12,111 | ||||||||||||||||||||
Performing Loans | Performing Loans | 12,656 | 7,872 | 4,988 | 2,922 | 3,759 | 466 | 2,854 | 52 | 35,569 | Performing Loans | 5,265 | 3,417 | 2,008 | 800 | 468 | 86 | — | — | 12,044 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 0 | 0 | 0 | 4 | 0 | 114 | 0 | 0 | 118 | Non-Performing Loans | — | — | 16 | — | — | 51 | — | — | 67 | ||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | $ | 60,133 | $ | 57,198 | $ | 13,704 | $ | 4,019 | $ | 2,459 | $ | 1,535 | $ | 10,661 | $ | 59 | $ | 149,768 | Installment loans to individuals | $ | 44,302 | $ | 15,436 | $ | 23,114 | $ | 7,717 | $ | 1,985 | $ | 1,917 | $ | 13,016 | $ | 36 | $ | 107,523 | ||||||||||||||||||||
Performing Loans | Performing Loans | 60,081 | 57,119 | 13,611 | 3,986 | 2,407 | 1,535 | 10,661 | 21 | 149,421 | Performing Loans | 44,254 | 15,360 | 23,035 | 7,704 | 1,958 | 1,890 | 13,016 | 36 | 107,253 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 52 | 79 | 93 | 33 | 52 | 0 | 0 | 38 | 347 | Non-Performing Loans | 48 | 76 | 79 | 13 | 27 | 27 | — | — | 270 | ||||||||||||||||||||||||||||||||||||||
Total loans not subject to risk rating | Total loans not subject to risk rating | $ | 780,512 | $ | 524,963 | $ | 353,307 | $ | 258,589 | $ | 147,342 | $ | 238,801 | $ | 693,698 | $ | 4,546 | $ | 3,001,758 | Total loans not subject to risk rating | $ | 687,705 | $ | 474,103 | $ | 247,329 | $ | 171,766 | $ | 122,241 | $ | 219,586 | $ | 440,773 | $ | 2,812 | $ | 2,366,315 | ||||||||||||||||||||
Performing Loans | Performing Loans | 780,449 | 522,064 | 349,003 | 256,112 | 146,353 | 235,757 | 692,924 | 4,031 | 2,986,693 | Performing Loans | 687,026 | 473,004 | 244,736 | 166,685 | 120,117 | 216,292 | 440,078 | 2,635 | 2,350,573 | ||||||||||||||||||||||||||||||||||||||
Non-Performing Loans | Non-Performing Loans | 63 | 2,899 | 4,304 | 2,477 | 989 | 3,044 | 774 | 515 | 15,065 | Non-Performing Loans | 679 | 1,099 | 2,593 | 5,081 | 2,124 | 3,294 | 695 | 177 | 15,742 |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 143,843 | $ | 176,513 | Commercial, financial, agricultural | $ | 109,368 | $ | 90,308 | ||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||
Residential | Residential | 2,561 | 2,859 | Residential | 1,259 | 1,287 | ||||||||||||||||
Commercial | Commercial | 19,771 | 28,093 | Commercial | 3,865 | 3,707 | ||||||||||||||||
Total real estate – construction | Total real estate – construction | 22,332 | 30,952 | Total real estate – construction | 5,124 | 4,994 | ||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||
Primary | Primary | 190,539 | 214,770 | Primary | 122,063 | 134,070 | ||||||||||||||||
Home equity | Home equity | 72,413 | 80,392 | Home equity | 46,239 | 51,496 | ||||||||||||||||
Rental/investment | Rental/investment | 28,800 | 31,928 | Rental/investment | 18,694 | 20,229 | ||||||||||||||||
Land development | Land development | 13,389 | 14,654 | Land development | 9,396 | 9,978 | ||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 305,141 | 341,744 | Total real estate – 1-4 family mortgage | 196,392 | 215,773 | ||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||
Owner-occupied | Owner-occupied | 300,616 | 323,041 | Owner-occupied | 220,247 | 234,132 | ||||||||||||||||
Non-owner occupied | Non-owner occupied | 546,663 | 552,728 | Non-owner occupied | 396,135 | 410,577 | ||||||||||||||||
Land development | Land development | 25,588 | 29,454 | Land development | 15,942 | 18,344 | ||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 872,867 | 905,223 | Total real estate – commercial mortgage | 632,324 | 663,053 | ||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 51,723 | 59,675 | Installment loans to individuals | 31,361 | 35,775 | ||||||||||||||||
Loans | Loans | $ | 1,395,906 | $ | 1,514,107 | Loans | $ | 974,569 | $ | 1,009,903 |
Carrying Amount | |||||
Purchase price of loans at acquisition | $ | 6,543 | |||
Allowance for credit losses at acquisition | 1,648 | ||||
Par value of acquired loans at acquisition | $ | 8,191 |
Accruing Loans | Nonaccruing Loans | Accruing Loans | Nonaccruing Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 213 | $ | 2 | $ | 133,655 | $ | 133,870 | $ | 65 | $ | 1,762 | $ | 8,146 | $ | 9,973 | $ | 143,843 | Commercial, financial, agricultural | $ | 316 | $ | — | $ | 100,913 | $ | 101,229 | $ | 203 | $ | 1,996 | $ | 5,940 | $ | 8,139 | $ | 109,368 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 0 | 0 | 2,561 | 2,561 | 0 | 0 | 0 | 0 | 2,561 | Residential | — | — | 1,259 | 1,259 | — | — | — | — | 1,259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 0 | 0 | 19,771 | 19,771 | 0 | 0 | 0 | 0 | 19,771 | Commercial | — | — | 3,865 | 3,865 | — | — | — | — | 3,865 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 0 | 0 | 22,332 | 22,332 | 0 | 0 | 0 | 0 | 22,332 | Total real estate – construction | — | — | 5,124 | 5,124 | — | — | — | — | 5,124 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 2,819 | 11 | 181,372 | 184,202 | 339 | 3,470 | 2,528 | 6,337 | 190,539 | Primary | 1,224 | — | 115,600 | 116,824 | 981 | 1,706 | 2,552 | 5,239 | 122,063 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 857 | 21 | 70,110 | 70,988 | 0 | 760 | 665 | 1,425 | 72,413 | Home equity | 297 | — | 45,187 | 45,484 | 97 | 265 | 393 | 755 | 46,239 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 135 | 0 | 28,338 | 28,473 | 0 | 257 | 70 | 327 | 28,800 | Rental/investment | — | — | 18,635 | 18,635 | — | — | 59 | 59 | 18,694 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 66 | 0 | 13,289 | 13,355 | 0 | 0 | 34 | 34 | 13,389 | Land development | 75 | — | 9,321 | 9,396 | — | — | — | — | 9,396 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 3,877 | 32 | 293,109 | 297,018 | 339 | 4,487 | 3,297 | 8,123 | 305,141 | Total real estate – 1-4 family mortgage | 1,596 | — | 188,743 | 190,339 | 1,078 | 1,971 | 3,004 | 6,053 | 196,392 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 586 | 50 | 297,666 | 298,302 | 0 | 675 | 1,639 | 2,314 | 300,616 | Owner-occupied | 314 | — | 217,850 | 218,164 | — | 138 | 1,945 | 2,083 | 220,247 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 0 | 0 | 538,699 | 538,699 | 0 | 145 | 7,819 | 7,964 | 546,663 | Non-owner occupied | 54 | — | 393,144 | 393,198 | 2,931 | — | 6 | 2,937 | 396,135 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 0 | 0 | 25,245 | 25,245 | 0 | 138 | 205 | 343 | 25,588 | Land development | — | 38 | 15,786 | 15,824 | — | — | 118 | 118 | 15,942 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 586 | 50 | 861,610 | 862,246 | 0 | 958 | 9,663 | 10,621 | 872,867 | Total real estate – commercial mortgage | 368 | 38 | 626,780 | 627,186 | 2,931 | 138 | 2,069 | 5,138 | 632,324 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 1,295 | 45 | 50,153 | 51,493 | 12 | 118 | 100 | 230 | 51,723 | Installment loans to individuals | 1,107 | — | 30,162 | 31,269 | 16 | — | 76 | 92 | 31,361 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | $ | 5,971 | $ | 129 | $ | 1,360,859 | $ | 1,366,959 | $ | 416 | $ | 7,325 | $ | 21,206 | $ | 28,947 | $ | 1,395,906 | Loans, net of unearned income | $ | 3,387 | $ | 38 | $ | 951,722 | $ | 955,147 | $ | 4,228 | $ | 4,105 | $ | 11,089 | $ | 19,422 | $ | 974,569 |
Accruing Loans | Nonaccruing Loans | Accruing Loans | Nonaccruing Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | 30-89 Days Past Due | 90 Days or More Past Due | Current Loans | Total Loans | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 818 | $ | 101 | $ | 163,658 | $ | 164,577 | $ | 74 | $ | 2,024 | $ | 9,838 | $ | 11,936 | $ | 176,513 | Commercial, financial, agricultural | $ | 122 | $ | — | $ | 82,918 | $ | 83,040 | $ | 42 | $ | 1,618 | $ | 5,608 | $ | 7,268 | $ | 90,308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 0 | 0 | 2,859 | 2,859 | 0 | 0 | 0 | 0 | 2,859 | Residential | — | — | 1,287 | 1,287 | — | — | — | — | 1,287 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 0 | 0 | 28,093 | 28,093 | 0 | 0 | 0 | 0 | 28,093 | Commercial | — | — | 3,707 | 3,707 | — | — | — | — | 3,707 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 0 | 0 | 30,952 | 30,952 | 0 | 0 | 0 | 0 | 30,952 | Total real estate – construction | — | — | 4,994 | 4,994 | — | — | — | — | 4,994 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 2,394 | 74 | 206,635 | 209,103 | 687 | 2,799 | 2,181 | 5,667 | 214,770 | Primary | 1,042 | 36 | 127,820 | 128,898 | 257 | 2,225 | 2,690 | 5,172 | 134,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 294 | 43 | 78,739 | 79,076 | 4 | 674 | 638 | 1,316 | 80,392 | Home equity | 149 | — | 50,573 | 50,722 | — | 373 | 401 | 774 | 51,496 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 180 | 14 | 30,931 | 31,125 | 0 | 724 | 79 | 803 | 31,928 | Rental/investment | 20 | — | 20,105 | 20,125 | 26 | — | 78 | 104 | 20,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 109 | 0 | 14,231 | 14,340 | 0 | 0 | 314 | 314 | 14,654 | Land development | — | — | 9,978 | 9,978 | — | — | — | — | 9,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 2,977 | 131 | 330,536 | 333,644 | 691 | 4,197 | 3,212 | 8,100 | 341,744 | Total real estate – 1-4 family mortgage | 1,211 | 36 | 208,476 | 209,723 | 283 | 2,598 | 3,169 | 6,050 | 215,773 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 2,511 | 0 | 317,997 | 320,508 | 193 | 447 | 1,893 | 2,533 | 323,041 | Owner-occupied | 1,511 | 323 | 230,305 | 232,139 | — | 289 | 1,704 | 1,993 | 234,132 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 207 | 0 | 544,694 | 544,901 | 7,682 | 0 | 145 | 7,827 | 552,728 | Non-owner occupied | — | — | 407,639 | 407,639 | — | — | 2,938 | 2,938 | 410,577 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 112 | 0 | 28,962 | 29,074 | 0 | 164 | 216 | 380 | 29,454 | Land development | — | — | 18,218 | 18,218 | — | — | 126 | 126 | 18,344 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 2,830 | 0 | 891,653 | 894,483 | 7,875 | 611 | 2,254 | 10,740 | 905,223 | Total real estate – commercial mortgage | 1,511 | 323 | 656,162 | 657,996 | — | 289 | 4,768 | 5,057 | 663,053 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 2,026 | 35 | 57,339 | 59,400 | 31 | 136 | 108 | 275 | 59,675 | Installment loans to individuals | 839 | 8 | 34,690 | 35,537 | 15 | 11 | 212 | 238 | 35,775 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | $ | 8,651 | $ | 267 | $ | 1,474,138 | $ | 1,483,056 | $ | 8,671 | $ | 6,968 | $ | 15,412 | $ | 31,051 | $ | 1,514,107 | Loans, net of unearned income | $ | 3,683 | $ | 367 | $ | 987,240 | $ | 991,290 | $ | 340 | $ | 4,516 | $ | 13,757 | $ | 18,613 | $ | 1,009,903 |
Number of Loans | Pre- Modification Outstanding Recorded Investment | Post- Modification Outstanding Recorded Investment | |||||||||||||||
Three months ended March 31, 2021 | |||||||||||||||||
Commercial, financial, agricultural | 1 | $ | 135 | $ | 135 | ||||||||||||
Three months ended March 31, 2020 | |||||||||||||||||
Real estate – 1-4 family mortgage: | |||||||||||||||||
Primary | 1 | $ | 223 | $ | 114 | ||||||||||||
Number of Loans | Pre- Modification Outstanding Recorded Investment | Post- Modification Outstanding Recorded Investment | |||||||||||||||
Three months ended March 31, 2022 | |||||||||||||||||
Real estate – 1-4 family mortgage: | |||||||||||||||||
Land development | 3 | $ | 98 | $ | 94 | ||||||||||||
Three months ended March 31, 2021 | |||||||||||||||||
Commercial, financial, agricultural | 1 | $ | 135 | $ | 135 | ||||||||||||
Number of Loans | Recorded Investment | Number of Loans | Recorded Investment | |||||||||||||||||||
Totals at January 1, 2021 | 48 | $ | 8,687 | |||||||||||||||||||
Totals at January 1, 2022 | Totals at January 1, 2022 | 38 | $ | 5,609 | ||||||||||||||||||
Additional advances or loans with concessions | Additional advances or loans with concessions | 1 | 364 | Additional advances or loans with concessions | 3 | 110 | ||||||||||||||||
Reclassified as performing restructured loan | Reclassified as performing restructured loan | 3 | 302 | |||||||||||||||||||
Reductions due to: | Reductions due to: | Reductions due to: | ||||||||||||||||||||
Reclassified to nonperforming loans | Reclassified to nonperforming loans | (1) | (1,317) | Reclassified to nonperforming loans | (2) | (41) | ||||||||||||||||
Paid in full | Paid in full | (2) | (1,596) | |||||||||||||||||||
Charge-offs | Charge-offs | — | — | |||||||||||||||||||
Principal paydowns | Principal paydowns | 0 | (81) | Principal paydowns | — | (44) | ||||||||||||||||
Totals at March 31, 2021 | 48 | $ | 7,653 | |||||||||||||||||||
Totals at March 31, 2022 | Totals at March 31, 2022 | 40 | $ | 4,340 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
March 31, 2021 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 0 | $ | 0 | $ | 695 | $ | 19,849 | $ | 19,070 | $ | 36,825 | $ | 57,113 | $ | 992 | $ | 134,544 | |||||||||||
Pass | 0 | 0 | 695 | 17,492 | 12,727 | 28,753 | 49,572 | 480 | 109,719 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 341 | 87 | 89 | 0 | 0 | 517 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 2,016 | 6,256 | 7,983 | 7,541 | 512 | 24,308 | ||||||||||||||||||||
Real Estate - Construction | $ | 0 | $ | 0 | $ | 0 | $ | 10,679 | $ | 449 | $ | 10,783 | $ | 0 | $ | 0 | $ | 21,911 | |||||||||||
Residential | $ | 0 | $ | 0 | $ | 0 | $ | 1,006 | $ | 449 | $ | 685 | $ | 0 | $ | 0 | $ | 2,140 | |||||||||||
Pass | 0 | 0 | 0 | 1,006 | 449 | 685 | 0 | 0 | 2,140 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Commercial | $ | 0 | $ | 0 | $ | 0 | $ | 9,673 | $ | 0 | $ | 10,098 | $ | 0 | $ | 0 | $ | 19,771 | |||||||||||
Pass | 0 | 0 | 0 | 9,673 | 0 | 10,098 | 0 | 0 | 19,771 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | 0 | $ | 0 | $ | 0 | $ | 14,248 | $ | 5,259 | $ | 35,994 | $ | 847 | $ | 234 | $ | 56,582 | |||||||||||
Primary | $ | 0 | $ | 0 | $ | 0 | $ | 5,773 | $ | 2,699 | $ | 16,786 | $ | 0 | $ | 0 | $ | 25,258 | |||||||||||
Pass | 0 | 0 | 0 | 4,438 | 2,608 | 12,494 | 0 | 0 | 19,540 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 970 | 0 | 0 | 970 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 1,335 | 91 | 3,322 | 0 | 0 | 4,748 | ||||||||||||||||||||
Home Equity | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 756 | $ | 234 | $ | 990 | |||||||||||
Pass | 0 | 0 | 0 | 0 | 0 | 0 | 60 | 0 | 60 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 696 | 234 | 930 | ||||||||||||||||||||
Rental/Investment | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 1,863 | $ | 16,242 | $ | 88 | $ | 0 | $ | 18,193 | |||||||||||
Pass | 0 | 0 | 0 | 0 | 1,863 | 15,062 | 88 | 0 | 17,013 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 1,180 | 0 | 0 | 1,180 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 0 | $ | 8,475 | $ | 697 | $ | 2,966 | $ | 3 | $ | 0 | $ | 12,141 | |||||||||||
Pass | 0 | 0 | 0 | 8,475 | 677 | 1,498 | 3 | 0 | 10,653 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 20 | 1,468 | 0 | 0 | 1,488 | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | 0 | $ | 0 | $ | 0 | $ | 72,095 | $ | 160,878 | $ | 575,810 | $ | 20,364 | $ | 4,551 | $ | 833,698 | |||||||||||
Owner-Occupied | $ | 0 | $ | 0 | $ | 0 | $ | 14,539 | $ | 33,862 | $ | 225,908 | $ | 3,632 | $ | 2 | $ | 277,943 | |||||||||||
Pass | 0 | 0 | 0 | 14,539 | 28,985 | 190,103 | 3,605 | 0 | 237,232 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 1,596 | 11,187 | 0 | 0 | 12,783 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 3,281 | 24,618 | 27 | 2 | 27,928 | ||||||||||||||||||||
Non-Owner Occupied | $ | 0 | $ | 0 | $ | 0 | $ | 55,609 | $ | 123,232 | $ | 335,246 | $ | 16,500 | $ | 4,549 | $ | 535,136 | |||||||||||
Pass | 0 | 0 | 0 | 36,677 | 115,553 | 291,494 | 6,447 | 0 | 450,171 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 2,561 | 0 | 7,877 | 0 | 0 | 10,438 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 16,371 | 7,679 | 35,875 | 10,053 | 4,549 | 74,527 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 0 | $ | 1,947 | $ | 3,784 | $ | 14,656 | $ | 232 | $ | 0 | $ | 20,619 | |||||||||||
Pass | 0 | 0 | 0 | 1,947 | 3,784 | 8,017 | 232 | 0 | 13,980 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 5,306 | 0 | 0 | 5,306 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 1,333 | 0 | 0 | 1,333 | ||||||||||||||||||||
Installment loans to individuals | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Pass | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Total loans subject to risk rating | $ | 0 | $ | 0 | $ | 695 | $ | 116,871 | $ | 185,656 | $ | 659,412 | $ | 78,324 | $ | 5,777 | $ | 1,046,735 | |||||||||||
Pass | 0 | 0 | 695 | 94,247 | 166,646 | 558,204 | 60,007 | 480 | 880,279 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 2,902 | 1,683 | 25,429 | 0 | 0 | 30,014 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 19,722 | 17,327 | 75,779 | 18,317 | 5,297 | 136,442 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2020 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 0 | $ | 711 | $ | 28,242 | $ | 27,222 | $ | 22,377 | $ | 20,759 | $ | 64,563 | $ | 1,788 | $ | 165,662 | |||||||||||
Pass | 0 | 711 | 24,211 | 20,930 | 17,240 | 16,880 | 56,736 | 409 | 137,117 | ||||||||||||||||||||
Special Mention | 0 | 0 | 357 | 97 | 104 | 0 | 0 | 0 | 558 | ||||||||||||||||||||
Substandard | 0 | 0 | 3,674 | 6,195 | 5,033 | 3,879 | 7,827 | 1,379 | 27,987 | ||||||||||||||||||||
Real Estate - Construction | $ | 0 | $ | 0 | $ | 10,522 | $ | 9,228 | $ | 10,781 | $ | 0 | $ | 0 | $ | 0 | $ | 30,531 | |||||||||||
Residential | $ | 0 | $ | 0 | $ | 1,543 | $ | 211 | $ | 684 | $ | 0 | $ | 0 | $ | 0 | $ | 2,438 | |||||||||||
Pass | 0 | 0 | 1,543 | 211 | 684 | 0 | 0 | 0 | 2,438 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Commercial | $ | 0 | $ | 0 | $ | 8,979 | $ | 9,017 | $ | 10,097 | $ | 0 | $ | 0 | $ | 0 | $ | 28,093 | |||||||||||
Pass | 0 | 0 | 8,979 | 9,017 | 10,097 | 0 | 0 | 0 | 28,093 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | 0 | $ | 0 | $ | 14,022 | $ | 7,126 | $ | 1,112 | $ | 38,747 | $ | 957 | $ | 253 | $ | 62,217 | |||||||||||
Primary | $ | 0 | $ | 0 | $ | 6,873 | $ | 3,212 | $ | 595 | $ | 17,223 | $ | 249 | $ | 0 | $ | 28,152 | |||||||||||
Pass | 0 | 0 | 5,556 | 3,212 | 594 | 12,665 | 249 | 0 | 22,276 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 1,120 | 0 | 0 | 1,120 | ||||||||||||||||||||
Substandard | 0 | 0 | 1,317 | 0 | 1 | 3,438 | 0 | 0 | 4,756 | ||||||||||||||||||||
Home Equity | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 697 | $ | 253 | $ | 950 | |||||||||||
Pass | 0 | 0 | 0 | 0 | 0 | 0 | 59 | 0 | 59 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 638 | 253 | 891 | ||||||||||||||||||||
Rental/Investment | $ | 0 | $ | 0 | $ | 0 | $ | 1,883 | $ | 232 | $ | 18,275 | $ | 9 | $ | 0 | $ | 20,399 | |||||||||||
Pass | 0 | 0 | 0 | 1,883 | 232 | 16,139 | 9 | 0 | 18,263 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 44 | 0 | 0 | 44 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 2,092 | 0 | 0 | 2,092 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 7,149 | $ | 2,031 | $ | 285 | $ | 3,249 | $ | 2 | $ | 0 | $ | 12,716 | |||||||||||
Pass | 0 | 0 | 7,149 | 2,009 | 285 | 1,793 | 2 | 0 | 11,238 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 22 | 0 | 1,456 | 0 | 0 | 1,478 | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | 0 | $ | 0 | $ | 76,557 | $ | 153,960 | $ | 171,487 | $ | 435,073 | $ | 22,631 | $ | 4,688 | $ | 864,396 | |||||||||||
Owner-Occupied | $ | 0 | $ | 0 | $ | 15,001 | $ | 32,567 | $ | 61,568 | $ | 181,007 | $ | 9,723 | $ | 2 | $ | 299,868 | |||||||||||
Pass | 0 | 0 | 15,001 | 29,276 | 43,962 | 161,790 | 5,808 | 0 | 255,837 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 9,670 | 0 | 0 | 0 | 9,670 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 3,291 | 7,936 | 19,217 | 3,915 | 2 | 34,361 | ||||||||||||||||||||
Non-Owner Occupied | $ | 0 | $ | 0 | $ | 55,962 | $ | 117,592 | $ | 107,004 | $ | 242,249 | $ | 12,720 | $ | 4,686 | $ | 540,213 | |||||||||||
Pass | 0 | 0 | 37,002 | 109,910 | 83,738 | 221,423 | 6,431 | 0 | 458,504 | ||||||||||||||||||||
Special Mention | 0 | 0 | 2,591 | 0 | 5,302 | 2,622 | 0 | 0 | 10,515 | ||||||||||||||||||||
Substandard | 0 | 0 | 16,369 | 7,682 | 17,964 | 18,204 | 6,289 | 4,686 | 71,194 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 5,594 | $ | 3,801 | $ | 2,915 | $ | 11,817 | $ | 188 | $ | 0 | $ | 24,315 | |||||||||||
Pass | 0 | 0 | 5,594 | 3,801 | 2,780 | 4,962 | 188 | 0 | 17,325 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 5,438 | 0 | 0 | 5,438 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 135 | 1,417 | 0 | 0 | 1,552 | ||||||||||||||||||||
Installment loans to individuals | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Pass | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Total loans subject to risk rating | $ | 0 | $ | 711 | $ | 129,343 | $ | 197,536 | $ | 205,757 | $ | 494,579 | $ | 88,151 | $ | 6,729 | $ | 1,122,806 | |||||||||||
Pass | 0 | 711 | 105,035 | 180,249 | 159,612 | 435,652 | 69,482 | 409 | 951,150 | ||||||||||||||||||||
Special Mention | 0 | 0 | 2,948 | 97 | 15,076 | 9,224 | 0 | 0 | 27,345 | ||||||||||||||||||||
Substandard | 0 | 0 | 21,360 | 17,190 | 31,069 | 49,703 | 18,669 | 6,320 | 144,311 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
March 31, 2022 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | — | $ | — | $ | — | $ | 629 | $ | 6,149 | $ | 33,798 | $ | 67,658 | $ | 1,134 | $ | 109,368 | |||||||||||
Pass | — | — | — | 629 | 5,569 | 25,590 | 66,049 | 740 | 98,577 | ||||||||||||||||||||
Special Mention | — | — | — | — | 239 | — | — | — | 239 | ||||||||||||||||||||
Substandard | — | — | — | — | 341 | 8,208 | 1,609 | 394 | 10,552 | ||||||||||||||||||||
Real Estate - Construction | $ | — | $ | — | $ | — | $ | — | $ | 575 | $ | 4,549 | $ | — | $ | — | $ | 5,124 | |||||||||||
Residential | $ | — | $ | — | $ | — | $ | — | $ | 575 | $ | 684 | $ | — | $ | — | $ | 1,259 | |||||||||||
Pass | — | — | — | — | 575 | 684 | — | — | 1,259 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3,865 | $ | — | $ | — | $ | 3,865 | |||||||||||
Pass | — | — | — | — | — | 3,865 | — | — | 3,865 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | — | $ | — | $ | — | $ | 152 | $ | 9,106 | $ | 32,889 | $ | 903 | $ | 191 | $ | 43,241 | |||||||||||
Primary | $ | — | $ | — | $ | — | $ | 35 | $ | 2,317 | $ | 12,126 | $ | 158 | $ | — | $ | 14,636 | |||||||||||
Pass | — | — | — | 35 | 2,317 | 9,148 | 158 | — | 11,658 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 56 | — | — | 56 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 2,922 | — | — | 2,922 | ||||||||||||||||||||
Home Equity | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 38 | $ | 590 | $ | 191 | $ | 819 | |||||||||||
Pass | — | — | — | — | — | 38 | 590 | — | 628 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | 191 | 191 | ||||||||||||||||||||
Rental/Investment | $ | — | $ | — | $ | — | $ | 117 | $ | 314 | $ | 18,108 | $ | 155 | $ | — | $ | 18,694 | |||||||||||
Pass | — | — | — | 117 | 314 | 17,367 | 5 | — | 17,803 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | 741 | 150 | — | 891 | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | — | $ | 6,475 | $ | 2,617 | $ | — | $ | — | $ | 9,092 | |||||||||||
Pass | — | — | — | — | 6,475 | 1,285 | — | — | 7,760 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | 1,332 | — | — | 1,332 | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
March 31, 2021 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 0 | $ | 0 | $ | 0 | $ | 412 | $ | 384 | $ | 3,004 | $ | 5,260 | $ | 239 | $ | 9,299 | |||||||||||
Performing Loans | 0 | 0 | 0 | 412 | 384 | 3,004 | 5,240 | 239 | 9,279 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 0 | 20 | ||||||||||||||||||||
Real Estate - Construction | $ | 0 | $ | 0 | $ | 0 | $ | 421 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 421 | |||||||||||
Residential | $ | 0 | $ | 0 | $ | 0 | $ | 421 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 421 | |||||||||||
Performing Loans | 0 | 0 | 0 | 421 | 0 | 0 | 0 | 0 | 421 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Commercial | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | 0 | $ | 0 | $ | 368 | $ | 2,520 | $ | 29,796 | $ | 149,758 | $ | 63,625 | $ | 2,492 | $ | 248,559 | |||||||||||
Primary | $ | 0 | $ | 0 | $ | 246 | $ | 1,899 | $ | 26,826 | $ | 135,980 | $ | 233 | $ | 97 | $ | 165,281 | |||||||||||
Performing Loans | 0 | 0 | 246 | 1,789 | 26,072 | 131,995 | 233 | 24 | 160,359 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 110 | 754 | 3,985 | 0 | 73 | 4,922 | ||||||||||||||||||||
Home Equity | $ | 0 | $ | 0 | $ | 0 | $ | 550 | $ | 2,702 | $ | 2,504 | $ | 63,272 | $ | 2,395 | $ | 71,423 | |||||||||||
Performing Loans | 0 | 0 | 0 | 550 | 2,702 | 2,416 | 62,569 | 1,975 | 70,212 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 88 | 703 | 420 | 1,211 | ||||||||||||||||||||
Rental/Investment | $ | 0 | $ | 0 | $ | 122 | $ | 0 | $ | 196 | $ | 10,169 | $ | 120 | $ | 0 | $ | 10,607 | |||||||||||
Performing Loans | 0 | 0 | 122 | 0 | 196 | 10,080 | 120 | 0 | 10,518 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 89 | 0 | 0 | 89 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 0 | $ | 71 | $ | 72 | $ | 1,105 | $ | 0 | $ | 0 | $ | 1,248 | |||||||||||
Performing Loans | 0 | 0 | 0 | 71 | 72 | 1,105 | 0 | 0 | 1,248 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | 0 | $ | 0 | $ | 334 | $ | 1,230 | $ | 994 | $ | 34,460 | $ | 2,151 | $ | 0 | $ | 39,169 | |||||||||||
Owner-Occupied | $ | 0 | $ | 0 | $ | 0 | $ | 654 | $ | 607 | $ | 19,757 | $ | 1,655 | $ | 0 | $ | 22,673 | |||||||||||
Performing Loans | 0 | 0 | 0 | 654 | 607 | 19,437 | 1,655 | 0 | 22,353 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 320 | 0 | 0 | 320 | ||||||||||||||||||||
Non-Owner Occupied | $ | 0 | $ | 0 | $ | 334 | $ | 424 | $ | 0 | $ | 10,347 | $ | 422 | $ | 0 | $ | 11,527 | |||||||||||
Performing Loans | 0 | 0 | 334 | 424 | 0 | 10,215 | 422 | 0 | 11,395 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 132 | 0 | 0 | 132 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 0 | $ | 152 | $ | 387 | $ | 4,356 | $ | 74 | $ | 0 | $ | 4,969 | |||||||||||
Performing Loans | 0 | 0 | 0 | 152 | 387 | 4,301 | 74 | 0 | 4,914 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 55 | 0 | 0 | 55 | ||||||||||||||||||||
Installment loans to individuals | $ | 0 | $ | 0 | $ | 0 | $ | 30,610 | $ | 13,880 | $ | 5,004 | $ | 2,179 | $ | 50 | $ | 51,723 | |||||||||||
Performing Loans | 0 | 0 | 0 | 30,572 | 13,826 | 4,849 | 2,174 | 28 | 51,449 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 38 | 54 | 155 | 5 | 22 | 274 | ||||||||||||||||||||
Total loans not subject to risk rating | $ | 0 | $ | 0 | $ | 702 | $ | 35,193 | $ | 45,054 | $ | 192,226 | $ | 73,215 | $ | 2,781 | $ | 349,171 | |||||||||||
Performing Loans | 0 | 0 | 702 | 35,045 | 44,246 | 187,402 | 72,487 | 2,266 | 342,148 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 148 | 808 | 4,824 | 728 | 515 | 7,023 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | — | $ | — | $ | — | $ | 322 | $ | 49,086 | $ | 566,330 | $ | 1,758 | $ | 14,136 | $ | 631,632 | |||||||||||
Owner-Occupied | $ | — | $ | — | $ | — | $ | — | $ | 13,054 | $ | 206,267 | $ | 926 | $ | — | $ | 220,247 | |||||||||||
Pass | — | — | — | — | 13,054 | 189,182 | 926 | — | 203,162 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 1,918 | — | — | 1,918 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 15,167 | — | — | 15,167 | ||||||||||||||||||||
Non-Owner Occupied | $ | — | $ | — | $ | — | $ | 322 | $ | 35,628 | $ | 345,803 | $ | 246 | $ | 14,136 | $ | 396,135 | |||||||||||
Pass | — | — | — | 322 | 19,250 | 311,334 | 246 | 4,281 | 335,433 | ||||||||||||||||||||
Special Mention | — | — | — | — | 16,372 | — | — | — | 16,372 | ||||||||||||||||||||
Substandard | — | — | — | — | 6 | 34,469 | — | 9,855 | 44,330 | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | — | $ | 404 | $ | 14,260 | $ | 586 | $ | — | $ | 15,250 | |||||||||||
Pass | — | — | — | — | 404 | 8,446 | 586 | — | 9,436 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 5,083 | — | — | 5,083 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 731 | — | — | 731 | ||||||||||||||||||||
Installment loans to individuals | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Pass | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Total loans subject to risk rating | $ | — | $ | — | $ | — | $ | 1,103 | $ | 64,916 | $ | 637,566 | $ | 70,319 | $ | 15,461 | $ | 789,365 | |||||||||||
Pass | — | — | — | 1,103 | 47,958 | 566,939 | 68,560 | 5,021 | 689,581 | ||||||||||||||||||||
Special Mention | — | — | — | — | 16,611 | 7,057 | — | — | 23,668 | ||||||||||||||||||||
Substandard | — | — | — | — | 347 | 63,570 | 1,759 | 10,440 | 76,116 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | — | $ | — | $ | 646 | $ | 12,199 | $ | 12,247 | $ | 25,562 | $ | 38,328 | $ | 1,326 | $ | 90,308 | |||||||||||
Pass | — | — | 646 | 11,612 | 8,918 | 18,877 | 37,555 | 899 | 78,507 | ||||||||||||||||||||
Special Mention | — | — | — | 246 | — | — | — | — | 246 | ||||||||||||||||||||
Substandard | — | — | — | 341 | 3,329 | 6,685 | 773 | 427 | 11,555 | ||||||||||||||||||||
Real Estate - Construction | $ | — | $ | — | $ | — | $ | 601 | $ | — | $ | 4,393 | $ | — | $ | — | $ | 4,994 | |||||||||||
Residential | $ | — | $ | — | $ | — | $ | 601 | $ | — | $ | 686 | $ | — | $ | — | $ | 1,287 | |||||||||||
Pass | — | — | — | 601 | — | 686 | — | — | 1,287 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3,707 | $ | — | $ | — | $ | 3,707 | |||||||||||
Pass | — | — | — | — | — | 3,707 | — | — | 3,707 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2020 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | 0 | $ | 0 | $ | 445 | $ | 349 | $ | 303 | $ | 2,899 | $ | 6,809 | $ | 46 | $ | 10,851 | |||||||||||
Performing Loans | 0 | 0 | 445 | 349 | 303 | 2,899 | 6,784 | 46 | 10,826 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 25 | ||||||||||||||||||||
Real Estate - Construction | $ | 0 | $ | 0 | $ | 421 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 421 | |||||||||||
Residential | $ | 0 | $ | 0 | $ | 421 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 421 | |||||||||||
Performing Loans | 0 | 0 | 421 | 0 | 0 | 0 | 0 | 0 | 421 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Commercial | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | 0 | $ | 371 | $ | 3,082 | $ | 33,674 | $ | 28,169 | $ | 140,689 | $ | 70,870 | $ | 2,672 | $ | 279,527 | |||||||||||
Primary | $ | 0 | $ | 248 | $ | 1,953 | $ | 30,078 | $ | 25,956 | $ | 127,642 | $ | 630 | $ | 111 | $ | 186,618 | |||||||||||
Performing Loans | 0 | 248 | 1,842 | 29,321 | 25,935 | 122,970 | 630 | 25 | 180,971 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 111 | 757 | 21 | 4,672 | 0 | 86 | 5,647 | ||||||||||||||||||||
Home Equity | $ | 0 | $ | 0 | $ | 742 | $ | 3,324 | $ | 1,668 | $ | 1,027 | $ | 70,120 | $ | 2,561 | $ | 79,442 | |||||||||||
Performing Loans | 0 | 0 | 742 | 3,324 | 1,668 | 960 | 69,518 | 2,124 | 78,336 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 67 | 602 | 437 | 1,106 | ||||||||||||||||||||
Rental/Investment | $ | 0 | $ | 123 | $ | 0 | $ | 200 | $ | 193 | $ | 10,893 | $ | 120 | $ | 0 | $ | 11,529 | |||||||||||
Performing Loans | 0 | 123 | 0 | 200 | 193 | 10,800 | 120 | 0 | 11,436 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 93 | 0 | 0 | 93 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 387 | $ | 72 | $ | 352 | $ | 1,127 | $ | 0 | $ | 0 | $ | 1,938 | |||||||||||
Performing Loans | 0 | 0 | 387 | 30 | 117 | 1,127 | 0 | 0 | 1,661 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 42 | 235 | 0 | 0 | 0 | 277 | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | 0 | $ | 337 | $ | 597 | $ | 1,063 | $ | 982 | $ | 35,946 | $ | 1,902 | $ | 0 | $ | 40,827 | |||||||||||
Owner-Occupied | $ | 0 | $ | 0 | $ | 0 | $ | 625 | $ | 660 | $ | 20,531 | $ | 1,357 | $ | 0 | $ | 23,173 | |||||||||||
Performing Loans | 0 | 0 | 0 | 625 | 660 | 20,253 | 1,357 | 0 | 22,895 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 278 | 0 | 0 | 278 | ||||||||||||||||||||
Non-Owner Occupied | $ | 0 | $ | 337 | $ | 443 | $ | 49 | $ | 66 | $ | 11,467 | $ | 153 | $ | 0 | $ | 12,515 | |||||||||||
Performing Loans | 0 | 337 | 443 | 49 | 66 | 11,331 | 153 | 0 | 12,379 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 136 | 0 | 0 | 136 | ||||||||||||||||||||
Land Development | $ | 0 | $ | 0 | $ | 154 | $ | 389 | $ | 256 | $ | 3,948 | $ | 392 | $ | 0 | $ | 5,139 | |||||||||||
Performing Loans | 0 | 0 | 154 | 389 | 256 | 3,890 | 392 | 0 | 5,081 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 0 | 0 | 0 | 58 | 0 | 0 | 58 | ||||||||||||||||||||
Installment loans to individuals | $ | 0 | $ | 0 | $ | 34,976 | $ | 15,497 | $ | 1,118 | $ | 4,348 | $ | 3,676 | $ | 60 | $ | 59,675 | |||||||||||
Performing Loans | 0 | 0 | 34,942 | 15,405 | 1,051 | 4,262 | 3,676 | 29 | 59,365 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 34 | 92 | 67 | 86 | 0 | 31 | 310 | ||||||||||||||||||||
Total loans not subject to risk rating | $ | 0 | $ | 708 | $ | 39,521 | $ | 50,583 | $ | 30,572 | $ | 183,882 | $ | 83,257 | $ | 2,778 | $ | 391,301 | |||||||||||
Performing Loans | 0 | 708 | 39,376 | 49,692 | 30,249 | 178,492 | 82,630 | 2,224 | 383,371 | ||||||||||||||||||||
Non-Performing Loans | 0 | 0 | 145 | 891 | 323 | 5,390 | 627 | 554 | 7,930 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | — | $ | — | $ | 152 | $ | 10,151 | $ | 2,781 | $ | 32,841 | $ | 1,476 | $ | 201 | $ | 47,602 | |||||||||||
Primary | $ | — | $ | — | $ | 34 | $ | 2,485 | $ | 1,367 | $ | 12,336 | $ | 161 | $ | — | $ | 16,383 | |||||||||||
Pass | — | — | 34 | 2,485 | 1,367 | 9,408 | 161 | — | 13,455 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 59 | — | — | 59 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 2,869 | — | — | 2,869 | ||||||||||||||||||||
Home Equity | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 42 | $ | 1,087 | $ | 201 | $ | 1,330 | |||||||||||
Pass | — | — | — | — | — | 42 | 717 | — | 759 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | 370 | 201 | 571 | ||||||||||||||||||||
Rental/Investment | $ | — | $ | — | $ | 118 | $ | 804 | $ | 1,273 | $ | 17,806 | $ | 228 | $ | — | $ | 20,229 | |||||||||||
Pass | — | — | 118 | 804 | 1,273 | 17,035 | 77 | — | 19,307 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 38 | — | — | 38 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 733 | 151 | — | 884 | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | 6,862 | $ | 141 | $ | 2,657 | $ | — | $ | — | $ | 9,660 | |||||||||||
Pass | — | — | — | 6,862 | 111 | 1,249 | — | — | 8,222 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | 30 | 1,408 | — | — | 1,438 | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | — | $ | — | $ | 325 | $ | 50,519 | $ | 123,254 | $ | 467,983 | $ | 5,912 | $ | 14,324 | $ | 662,317 | |||||||||||
Owner-Occupied | $ | — | $ | — | $ | — | $ | 13,344 | $ | 17,621 | $ | 200,111 | $ | 3,056 | $ | — | $ | 234,132 | |||||||||||
Pass | — | — | — | 13,344 | 13,888 | 182,779 | 3,056 | — | 213,067 | ||||||||||||||||||||
Special Mention | — | — | — | — | 1,553 | 394 | — | — | 1,947 | ||||||||||||||||||||
Substandard | — | — | — | — | 2,180 | 16,938 | — | — | 19,118 | ||||||||||||||||||||
Non-Owner Occupied | $ | — | $ | — | $ | 325 | $ | 35,887 | $ | 103,739 | $ | 254,080 | $ | 2,222 | $ | 14,324 | $ | 410,577 | |||||||||||
Pass | — | — | 325 | 19,510 | 100,682 | 222,048 | 2,222 | 4,418 | 349,205 | ||||||||||||||||||||
Special Mention | — | — | — | 16,370 | — | 359 | — | — | 16,729 | ||||||||||||||||||||
Substandard | — | — | — | 7 | 3,057 | 31,673 | — | 9,906 | 44,643 | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | 1,288 | $ | 1,894 | $ | 13,792 | $ | 634 | $ | — | $ | 17,608 | |||||||||||
Pass | — | — | — | 1,288 | 1,894 | 7,904 | 634 | — | 11,720 | ||||||||||||||||||||
Special Mention | — | — | — | — | — | 5,141 | — | — | 5,141 | ||||||||||||||||||||
Substandard | — | — | — | — | — | 747 | — | — | 747 | ||||||||||||||||||||
Installment loans to individuals | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Pass | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Special Mention | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Substandard | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Total loans subject to risk rating | $ | — | $ | — | $ | 1,123 | $ | 73,470 | $ | 138,282 | $ | 530,779 | $ | 45,716 | $ | 15,851 | $ | 805,221 | |||||||||||
Pass | — | — | 1,123 | 56,506 | 128,133 | 463,735 | 44,422 | 5,317 | 699,236 | ||||||||||||||||||||
Special Mention | — | — | — | 16,616 | 1,553 | 5,991 | — | — | 24,160 | ||||||||||||||||||||
Substandard | — | — | — | 348 | 8,596 | 61,053 | 1,294 | 10,534 | 81,825 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
March 31, 2022 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - Construction | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | — | $ | — | $ | — | $ | 200 | $ | 1,079 | $ | 110,964 | $ | 39,583 | $ | 1,325 | $ | 153,151 | |||||||||||
Primary | $ | — | $ | — | $ | — | $ | 200 | $ | 538 | $ | 106,613 | $ | — | $ | 76 | $ | 107,427 | |||||||||||
Performing Loans | — | — | — | 200 | 429 | 101,584 | — | 76 | 102,289 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | 109 | 5,029 | — | — | 5,138 | ||||||||||||||||||||
Home Equity | $ | — | $ | — | $ | — | $ | — | $ | 541 | $ | 4,047 | $ | 39,583 | $ | 1,249 | $ | 45,420 | |||||||||||
Performing Loans | — | — | — | — | 541 | 3,994 | 39,011 | 1,120 | 44,666 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | 53 | 572 | 129 | 754 | ||||||||||||||||||||
Rental/Investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 304 | $ | — | $ | — | $ | 304 | |||||||||||
Performing Loans | — | — | — | — | — | 304 | — | — | 304 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | — | $ | — | $ | — | $ | — | $ | 145 | $ | 547 | $ | — | $ | — | $ | 692 | |||||||||||
Owner-Occupied | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Owner Occupied | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | — | $ | 145 | $ | 547 | $ | — | $ | — | $ | 692 | |||||||||||
Performing Loans | — | — | — | — | 145 | 547 | — | — | 692 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Installment loans to individuals | $ | — | $ | — | $ | — | $ | — | $ | 17,963 | $ | 11,983 | $ | 1,391 | $ | 24 | $ | 31,361 | |||||||||||
Performing Loans | — | — | — | — | 17,959 | 11,912 | 1,378 | 20 | 31,269 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | 4 | 71 | 13 | 4 | 92 | ||||||||||||||||||||
Total loans not subject to risk rating | $ | — | $ | — | $ | — | $ | 200 | $ | 19,187 | $ | 123,494 | $ | 40,974 | $ | 1,349 | $ | 185,204 | |||||||||||
Performing Loans | — | — | — | 200 | 19,074 | 118,341 | 40,389 | 1,216 | 179,220 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | 113 | 5,153 | 585 | 133 | 5,984 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term | Total Loans | |||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||
Commercial, Financial, Agricultural | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - Construction | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - 1-4 Family Mortgage | $ | — | $ | — | $ | 202 | $ | 1,480 | $ | 19,988 | $ | 101,060 | $ | 44,086 | $ | 1,355 | $ | 168,171 | |||||||||||
Primary | $ | — | $ | — | $ | 202 | $ | 938 | $ | 17,505 | $ | 98,961 | $ | — | $ | 81 | $ | 117,687 | |||||||||||
Performing Loans | — | — | 202 | 829 | 16,902 | 94,607 | — | 81 | 112,621 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | 109 | 603 | 4,354 | — | — | 5,066 | ||||||||||||||||||||
Home Equity | $ | — | $ | — | $ | — | $ | 542 | $ | 2,441 | $ | 1,823 | $ | 44,086 | $ | 1,274 | $ | 50,166 | |||||||||||
Performing Loans | — | — | — | 542 | 2,441 | 1,769 | 43,700 | 1,141 | 49,593 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | 54 | 386 | 133 | 573 | ||||||||||||||||||||
Rental/Investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | — | $ | 42 | $ | 276 | $ | — | $ | — | $ | 318 | |||||||||||
Performing Loans | — | — | — | — | 42 | 276 | — | — | 318 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Real Estate - Commercial Mortgage | $ | — | $ | — | $ | — | $ | 147 | $ | 31 | $ | 558 | $ | — | $ | — | $ | 736 | |||||||||||
Owner-Occupied | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Owner Occupied | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Land Development | $ | — | $ | — | $ | — | $ | 147 | $ | 31 | $ | 558 | $ | — | $ | — | $ | 736 | |||||||||||
Performing Loans | — | — | — | 147 | 31 | 558 | — | — | 736 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Installment loans to individuals | $ | — | $ | — | $ | — | $ | 20,581 | $ | 9,721 | $ | 3,881 | $ | 1,558 | $ | 34 | $ | 35,775 | |||||||||||
Performing Loans | — | — | — | 20,566 | 9,714 | 3,684 | 1,541 | 23 | 35,528 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | 15 | 7 | 197 | 17 | 11 | 247 | ||||||||||||||||||||
Total loans not subject to risk rating | $ | — | $ | — | $ | 202 | $ | 22,208 | $ | 29,740 | $ | 105,499 | $ | 45,644 | $ | 1,389 | $ | 204,682 | |||||||||||
Performing Loans | — | — | 202 | 22,084 | 29,130 | 100,894 | 45,241 | 1,245 | 198,796 | ||||||||||||||||||||
Non-Performing Loans | — | — | — | 124 | 610 | 4,605 | 403 | 144 | 5,886 |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 2,249,287 | $ | 2,536,984 | Commercial, financial, agricultural | $ | 1,445,607 | $ | 1,423,270 | ||||||||||||
Lease financing | Lease financing | 79,271 | 80,022 | Lease financing | 94,954 | 80,192 | ||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||
Residential | Residential | 255,356 | 246,673 | Residential | 306,655 | 302,275 | ||||||||||||||||
Commercial | Commercial | 700,562 | 611,431 | Commercial | 915,397 | 802,621 | ||||||||||||||||
Total real estate – construction | Total real estate – construction | 955,918 | 858,104 | Total real estate – construction | 1,222,052 | 1,104,896 | ||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||
Primary | Primary | 1,766,751 | 1,750,951 | Primary | 1,925,813 | 1,816,120 | ||||||||||||||||
Home equity | Home equity | 504,620 | 513,160 | Home equity | 470,665 | 474,604 | ||||||||||||||||
Rental/investment | Rental/investment | 285,779 | 296,364 | Rental/investment | 292,811 | 288,474 | ||||||||||||||||
Land development | Land development | 128,911 | 137,833 | Land development | 151,690 | 145,048 | ||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 2,686,061 | 2,698,308 | Total real estate – 1-4 family mortgage | 2,840,979 | 2,724,246 | ||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||
Owner-occupied | Owner-occupied | 1,644,770 | 1,657,806 | Owner-occupied | 1,538,693 | 1,563,351 | ||||||||||||||||
Non-owner occupied | Non-owner occupied | 2,767,869 | 2,747,467 | Non-owner occupied | 2,907,116 | 2,856,947 | ||||||||||||||||
Land development | Land development | 136,388 | 149,579 | Land development | 132,055 | 128,739 | ||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 4,549,027 | 4,554,852 | Total real estate – commercial mortgage | 4,577,864 | 4,549,037 | ||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 172,859 | 209,537 | Installment loans to individuals | 137,115 | 143,340 | ||||||||||||||||
Gross loans | Gross loans | 10,692,423 | 10,937,807 | Gross loans | 10,318,571 | 10,024,981 | ||||||||||||||||
Unearned income | Unearned income | (4,015) | (4,160) | Unearned income | (5,112) | (4,067) | ||||||||||||||||
Loans, net of unearned income | Loans, net of unearned income | 10,688,408 | 10,933,647 | Loans, net of unearned income | 10,313,459 | 10,020,914 | ||||||||||||||||
Allowance for credit losses on loans | Allowance for credit losses on loans | (173,106) | (176,144) | Allowance for credit losses on loans | (166,468) | (164,171) | ||||||||||||||||
Net loans | Net loans | $ | 10,515,302 | $ | 10,757,503 | Net loans | $ | 10,146,991 | $ | 9,856,743 |
Commercial | Real Estate - Construction | Real Estate - 1-4 Family Mortgage | Real Estate - Commercial Mortgage | Lease Financing | Installment Loans to Individuals | Total | Commercial | Real Estate - Construction | Real Estate - 1-4 Family Mortgage | Real Estate - Commercial Mortgage | Lease Financing | Installment Loans to Individuals | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2022 | Three Months Ended March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses: | Allowance for credit losses: | Allowance for credit losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 39,031 | $ | 16,047 | $ | 32,165 | $ | 76,127 | $ | 1,624 | $ | 11,150 | $ | 176,144 | Beginning balance | $ | 33,922 | $ | 16,419 | $ | 32,356 | $ | 68,940 | $ | 1,486 | $ | 11,048 | $ | 164,171 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Impact of PCD loans acquired during the period | Impact of PCD loans acquired during the period | 1,648 | — | — | — | — | — | 1,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | Charge-offs | (3,498) | (52) | (101) | (61) | 0 | (1,658) | (5,370) | Charge-offs | (2,102) | — | (163) | (6) | (7) | (779) | (3,057) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | Recoveries | 289 | 13 | 261 | 171 | 11 | 1,587 | 2,332 | Recoveries | 1,136 | — | 178 | 155 | 12 | 725 | 2,206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | Net (charge-offs) recoveries | (3,209) | (39) | 160 | 110 | 11 | (71) | (3,038) | Net (charge-offs) recoveries | (966) | — | 15 | 149 | 5 | (54) | (851) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses on loans | Provision for credit losses on loans | 1,770 | (1,031) | (631) | (12) | (89) | (7) | 0 | Provision for credit losses on loans | (998) | 1,992 | 4,477 | (3,858) | 91 | (204) | 1,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 37,592 | $ | 14,977 | $ | 31,694 | $ | 76,225 | $ | 1,546 | $ | 11,072 | $ | 173,106 | Ending balance | $ | 33,606 | $ | 18,411 | $ | 36,848 | $ | 65,231 | $ | 1,582 | $ | 10,790 | $ | 166,468 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Period-End Amount Allocated to: | Period-End Amount Allocated to: | Period-End Amount Allocated to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated | Individually evaluated | $ | 9,908 | $ | 0 | $ | 232 | $ | 4,846 | $ | 0 | $ | 607 | $ | 15,593 | Individually evaluated | $ | 9,225 | $ | — | $ | 396 | $ | 2,660 | $ | — | $ | 570 | $ | 12,851 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated | Collectively evaluated | 27,684 | 14,977 | 31,462 | 71,379 | 1,546 | 10,465 | 157,513 | Collectively evaluated | 24,381 | 18,411 | 36,452 | 62,571 | 1,582 | 10,220 | 153,617 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 37,592 | $ | 14,977 | $ | 31,694 | $ | 76,225 | $ | 1,546 | $ | 11,072 | $ | 173,106 | Ending balance | $ | 33,606 | $ | 18,411 | $ | 36,848 | $ | 65,231 | $ | 1,582 | $ | 10,790 | $ | 166,468 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans: | Loans: | Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated | Individually evaluated | $ | 15,435 | $ | 0 | $ | 6,311 | $ | 18,508 | $ | 0 | $ | 621 | $ | 40,875 | Individually evaluated | $ | 13,070 | $ | — | $ | 4,477 | $ | 15,464 | $ | — | $ | 570 | $ | 33,581 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated | Collectively evaluated | 2,233,852 | 955,918 | 2,679,750 | 4,530,519 | 75,256 | 172,238 | 10,647,533 | Collectively evaluated | 1,432,537 | 1,222,052 | 2,836,502 | 4,562,400 | 89,842 | 136,545 | 10,279,878 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 2,249,287 | $ | 955,918 | $ | 2,686,061 | $ | 4,549,027 | $ | 75,256 | $ | 172,859 | $ | 10,688,408 | Ending balance | $ | 1,445,607 | $ | 1,222,052 | $ | 2,840,979 | $ | 4,577,864 | $ | 89,842 | $ | 137,115 | $ | 10,313,459 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans with no allowance for credit losses | Nonaccruing loans with no allowance for credit losses | $ | 1,848 | $ | 0 | $ | 4,695 | $ | 2,113 | $ | 0 | $ | 0 | $ | 8,656 | Nonaccruing loans with no allowance for credit losses | $ | 435 | $ | — | $ | 2,614 | $ | 5,298 | $ | — | $ | 2 | $ | 8,349 |
Commercial | Real Estate - Construction | Real Estate - 1-4 Family Mortgage | Real Estate - Commercial Mortgage | Lease Financing | Installment Loans to Individuals | Total | Commercial | Real Estate - Construction | Real Estate - 1-4 Family Mortgage | Real Estate - Commercial Mortgage | Lease Financing | Installment Loans to Individuals | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2021 | Three Months Ended March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses: | Allowance for credit losses: | Allowance for credit losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 10,658 | $ | 5,029 | $ | 9,814 | $ | 24,990 | $ | 910 | $ | 761 | $ | 52,162 | Beginning balance | $ | 39,031 | $ | 16,047 | $ | 32,165 | $ | 76,127 | $ | 1,624 | $ | 11,150 | $ | 176,144 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Impact of the adoption of ASC 326 | 11,351 | 3,505 | 14,314 | 4,293 | 521 | 8,500 | 42,484 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | Charge-offs | (393) | 0 | (221) | (2,047) | 0 | (2,688) | (5,349) | Charge-offs | (3,498) | (52) | (101) | (61) | — | (1,658) | (5,370) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | Recoveries | 190 | 0 | 88 | 1,699 | 5 | 2,556 | 4,538 | Recoveries | 289 | 13 | 261 | 171 | 11 | 1,587 | 2,332 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | Net (charge-offs) recoveries | (203) | 0 | (133) | (348) | 5 | (132) | (811) | Net (charge-offs) recoveries | (3,209) | (39) | 160 | 110 | 11 | (71) | (3,038) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses on loans | Provision for credit losses on loans | 4,131 | 2,390 | 3,325 | 15,302 | 152 | 1,050 | 26,350 | Provision for credit losses on loans | 1,770 | (1,031) | (631) | (12) | (89) | (7) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 25,937 | $ | 10,924 | $ | 27,320 | $ | 44,237 | $ | 1,588 | $ | 10,179 | $ | 120,185 | Ending balance | $ | 37,592 | $ | 14,977 | $ | 31,694 | $ | 76,225 | $ | 1,546 | $ | 11,072 | $ | 173,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Period-End Amount Allocated to: | Period-End Amount Allocated to: | Period-End Amount Allocated to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated | Individually evaluated | $ | 3,653 | $ | 0 | $ | 370 | $ | 856 | $ | 0 | $ | 270 | $ | 5,149 | Individually evaluated | $ | 9,908 | $ | — | $ | 232 | $ | 4,846 | $ | — | $ | 607 | $ | 15,593 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated | Collectively evaluated | 22,284 | 10,924 | 26,950 | 43,381 | 1,588 | 9,909 | 115,036 | Collectively evaluated | 27,684 | 14,977 | 31,462 | 71,379 | 1,546 | 10,465 | 157,513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 25,937 | $ | 10,924 | $ | 27,320 | $ | 44,237 | $ | 1,588 | $ | 10,179 | $ | 120,185 | Ending balance | $ | 37,592 | $ | 14,977 | $ | 31,694 | $ | 76,225 | $ | 1,546 | $ | 11,072 | $ | 173,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans: | Loans: | Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated | Individually evaluated | $ | 10,460 | $ | 2,728 | $ | 5,865 | $ | 7,508 | $ | 0 | $ | 625 | $ | 27,186 | Individually evaluated | $ | 15,435 | $ | — | $ | 6,311 | $ | 18,508 | $ | — | $ | 621 | $ | 40,875 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated | Collectively evaluated | 1,414,116 | 785,167 | 2,840,436 | 4,301,200 | 84,679 | 316,593 | 9,742,191 | Collectively evaluated | 2,233,852 | 955,918 | 2,679,750 | 4,530,519 | 75,256 | 172,238 | 10,647,533 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 1,424,576 | $ | 787,895 | $ | 2,846,301 | $ | 4,308,708 | $ | 84,679 | $ | 317,218 | $ | 9,769,377 | Ending balance | $ | 2,249,287 | $ | 955,918 | $ | 2,686,061 | $ | 4,549,027 | $ | 75,256 | $ | 172,859 | $ | 10,688,408 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans with no allowance for credit losses | Nonaccruing loans with no allowance for credit losses | $ | 4,224 | $ | 2,728 | $ | 3,309 | $ | 2,594 | $ | 0 | $ | 0 | $ | 12,855 | Nonaccruing loans with no allowance for credit losses | $ | 1,848 | $ | — | $ | 4,695 | $ | 2,113 | $ | — | $ | — | $ | 8,656 |
Three Months Ended March 31, | 2022 | 2021 | ||||||
Allowance for credit losses on unfunded loan commitments: | ||||||||
Beginning balance | $ | 20,035 | $ | 20,535 | ||||
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) | (550) | — | ||||||
Ending balance | $ | 19,485 | $ | 20,535 | ||||
Purchased OREO | Non Purchased OREO | Total OREO | Purchased OREO | Non Purchased OREO | Total OREO | |||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||
Residential real estate | Residential real estate | $ | 405 | $ | 79 | $ | 484 | Residential real estate | $ | 44 | $ | 332 | $ | 376 | ||||||||||||||||||||
Commercial real estate | Commercial real estate | 1,161 | 1,948 | 3,109 | Commercial real estate | 39 | 136 | 175 | ||||||||||||||||||||||||||
Residential land development | Residential land development | 337 | 4 | 341 | Residential land development | 291 | 4 | 295 | ||||||||||||||||||||||||||
Commercial land development | Commercial land development | 1,776 | 261 | 2,037 | Commercial land development | 1,157 | 59 | 1,216 | ||||||||||||||||||||||||||
Total | Total | $ | 3,679 | $ | 2,292 | $ | 5,971 | Total | $ | 1,531 | $ | 531 | $ | 2,062 | ||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||
Residential real estate | Residential real estate | $ | 72 | $ | 107 | $ | 179 | Residential real estate | $ | 93 | $ | 166 | $ | 259 | ||||||||||||||||||||
Commercial real estate | Commercial real estate | 1,741 | 924 | 2,665 | Commercial real estate | 39 | 722 | 761 | ||||||||||||||||||||||||||
Residential land development | Residential land development | 337 | 676 | 1,013 | Residential land development | 301 | 4 | 305 | ||||||||||||||||||||||||||
Commercial land development | Commercial land development | 1,777 | 338 | 2,115 | Commercial land development | 1,156 | 59 | 1,215 | ||||||||||||||||||||||||||
Total | Total | $ | 3,927 | $ | 2,045 | $ | 5,972 | Total | $ | 1,589 | $ | 951 | $ | 2,540 |
Purchased OREO | Non Purchased OREO | Total OREO | Purchased OREO | Non Purchased OREO | Total OREO | |||||||||||||||||||||||||||||
Balance at January 1, 2021 | $ | 3,927 | $ | 2,045 | $ | 5,972 | ||||||||||||||||||||||||||||
Balance at January 1, 2022 | Balance at January 1, 2022 | $ | 1,589 | $ | 951 | $ | 2,540 | |||||||||||||||||||||||||||
Transfers of loans | Transfers of loans | 516 | 1,523 | 2,039 | Transfers of loans | 36 | 164 | 200 | ||||||||||||||||||||||||||
Impairments | Impairments | 0 | (70) | (70) | Impairments | (14) | — | (14) | ||||||||||||||||||||||||||
Dispositions | Dispositions | (700) | (1,206) | (1,906) | Dispositions | (79) | (586) | (665) | ||||||||||||||||||||||||||
Other | Other | (64) | 0 | (64) | Other | (1) | 2 | 1 | ||||||||||||||||||||||||||
Balance at March 31, 2021 | $ | 3,679 | $ | 2,292 | $ | 5,971 | ||||||||||||||||||||||||||||
Balance at March 31, 2022 | Balance at March 31, 2022 | $ | 1,531 | $ | 531 | $ | 2,062 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Repairs and maintenance | Repairs and maintenance | $ | 20 | $ | 86 | Repairs and maintenance | $ | 3 | $ | 20 | ||||||||||||||||||||||||||||||||||||
Property taxes and insurance | Property taxes and insurance | 11 | 133 | Property taxes and insurance | 35 | 11 | ||||||||||||||||||||||||||||||||||||||||
Impairments | Impairments | 70 | 197 | Impairments | 14 | 70 | ||||||||||||||||||||||||||||||||||||||||
Net (gains) losses on OREO sales | (56) | 12 | ||||||||||||||||||||||||||||||||||||||||||||
Net gains on OREO sales | Net gains on OREO sales | (291) | (56) | |||||||||||||||||||||||||||||||||||||||||||
Rental income | Rental income | (4) | (10) | Rental income | (2) | (4) | ||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 41 | $ | 418 | Total | $ | (241) | $ | 41 |
Community Banks | Insurance | Total | |||||||||||||||
Balance at January 1, 2021 | $ | 936,916 | $ | 2,767 | $ | 939,683 | |||||||||||
Additions to goodwill and other adjustments | 0 | 0 | 0 | ||||||||||||||
Balance at March 31, 2021 | $ | 936,916 | $ | 2,767 | $ | 939,683 |
Community Banks | Insurance | Total | |||||||||||||||
Balance at January 1, 2022 | $ | 936,916 | $ | 2,767 | $ | 939,683 | |||||||||||
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition | 6,608 | — | 6,608 | ||||||||||||||
Balance at March 31, 2022 | $ | 943,524 | $ | 2,767 | $ | 946,291 |
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||
Core deposit intangibles | Core deposit intangibles | $ | 82,492 | $ | (55,091) | $ | 27,401 | Core deposit intangibles | $ | 82,492 | $ | (60,720) | $ | 21,772 | ||||||||||||||||||||
Customer relationship intangible | Customer relationship intangible | 2,470 | (1,329) | 1,141 | Customer relationship intangible | 2,470 | (1,511) | 959 | ||||||||||||||||||||||||||
Total finite-lived intangible assets | Total finite-lived intangible assets | $ | 84,962 | $ | (56,420) | $ | 28,542 | Total finite-lived intangible assets | $ | 84,962 | $ | (62,231) | $ | 22,731 | ||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||
Core deposit intangibles | Core deposit intangibles | $ | 82,492 | $ | (53,539) | $ | 28,953 | Core deposit intangibles | $ | 82,492 | $ | (59,399) | $ | 23,093 | ||||||||||||||||||||
Customer relationship intangible | Customer relationship intangible | 2,470 | (1,284) | 1,186 | Customer relationship intangible | 2,470 | (1,465) | 1,005 | ||||||||||||||||||||||||||
Total finite-lived intangible assets | Total finite-lived intangible assets | $ | 84,962 | $ | (54,823) | $ | 30,139 | Total finite-lived intangible assets | $ | 84,962 | $ | (60,864) | $ | 24,098 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Amortization expense for: | Amortization expense for: | Amortization expense for: | ||||||||||||||||||||||||||||||||||||||||||||
Core deposit intangibles | Core deposit intangibles | $ | 1,553 | $ | 1,850 | Core deposit intangibles | $ | 1,321 | $ | 1,553 | ||||||||||||||||||||||||||||||||||||
Customer relationship intangible | Customer relationship intangible | 45 | 45 | Customer relationship intangible | 45 | 45 | ||||||||||||||||||||||||||||||||||||||||
Total intangible amortization | Total intangible amortization | $ | 1,598 | $ | 1,895 | Total intangible amortization | $ | 1,366 | $ | 1,598 |
Core Deposit Intangibles | Customer Relationship Intangible | Total | Core Deposit Intangibles | Customer Relationship Intangible | Total | |||||||||||||||||||||||||||||
2021 | $ | 5,860 | $ | 181 | $ | 6,041 | ||||||||||||||||||||||||||||
2022 | 2022 | 4,940 | 181 | 5,121 | 2022 | $ | 4,941 | $ | 181 | $ | 5,122 | |||||||||||||||||||||||
2023 | 2023 | 4,044 | 181 | 4,225 | 2023 | 4,044 | 181 | 4,225 | ||||||||||||||||||||||||||
2024 | 2024 | 3,498 | 181 | 3,679 | 2024 | 3,498 | 181 | 3,679 | ||||||||||||||||||||||||||
2025 | 2025 | 3,103 | 181 | 3,284 | 2025 | 3,102 | 181 | 3,283 | ||||||||||||||||||||||||||
2026 | 2026 | 2,899 | 138 | 3,037 |
Balance at January 1, | $ | ||||||
Capitalization | |||||||
Amortization | |||||||
Balance at March 31, | $ |
March 31, 2022 | December 31, 2021 | ||||||||||
Unpaid principal balance | $ | 8,931,901 | $ | 8,728,629 | |||||||
Weighted-average prepayment speed (CPR) | 6.71 | % | 10.56 | % | |||||||
Estimated impact of a 10% increase | $ | (5,883) | $ | (3,875) | |||||||
Estimated impact of a 20% increase | (11,291) | (7,464) | |||||||||
Discount rate | 9.68 | % | 9.82 | % | |||||||
Estimated impact of a 10% increase | $ | (1,477) | $ | (4,153) | |||||||
Estimated impact of a 20% increase | (3,264) | (8,119) | |||||||||
Weighted-average coupon interest rate | 3.27 | % | 3.29 | % | |||||||
Weighted-average servicing fee (basis points) | 30.47 | 30.37 | |||||||||
Weighted-average remaining maturity (in years) | 8.46 | 6.69 |
March 31, 2021 | December 31, 2020 | ||||||||||
Unpaid principal balance | $ | 7,776,998 | $ | 7,322,671 | |||||||
Weighted-average prepayment speed (CPR) | 11.53 | % | 15.05 | % | |||||||
Estimated impact of a 10% increase | $ | (3,776) | $ | (4,001) | |||||||
Estimated impact of a 20% increase | (7,330) | (7,674) | |||||||||
Discount rate | 9.84 | % | 9.86 | % | |||||||
Estimated impact of a 10% increase | $ | (3,163) | $ | (2,144) | |||||||
Estimated impact of a 20% increase | (6,097) | (4,144) | |||||||||
Weighted-average coupon interest rate | 3.46 | % | 3.58 | % | |||||||
Weighted-average servicing fee (basis points) | 30.32 | 29.94 | |||||||||
Weighted-average remaining maturity (in years) | 6.37 | 5.14 |
Pension Benefits | Other Benefits | ||||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||||
March 31, | March 31, | ||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||
Service cost | $ | — | $ | — | $ | 1 | $ | 1 | |||||||||||||||||||||||||||
Interest cost | 184 | 166 | 3 | 4 | |||||||||||||||||||||||||||||||
Expected return on plan assets | (421) | (443) | — | — | |||||||||||||||||||||||||||||||
Recognized actuarial loss (gain) | 61 | 54 | (19) | — | |||||||||||||||||||||||||||||||
Net periodic (return) benefit cost | $ | (176) | $ | (223) | $ | (15) | $ | 5 |
Pension Benefits | Other Benefits | ||||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||||
March 31, | March 31, | ||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||||||
Service cost | $ | 0 | $ | 0 | $ | 1 | $ | 2 | |||||||||||||||||||||||||||
Interest cost | 166 | 242 | 4 | 5 | |||||||||||||||||||||||||||||||
Expected return on plan assets | (443) | (413) | 0 | 0 | |||||||||||||||||||||||||||||||
Recognized actuarial loss (gain) | 54 | 79 | 0 | (18) | |||||||||||||||||||||||||||||||
Net periodic (return) benefit cost | $ | (223) | $ | (92) | $ | 5 | $ | (11) |
Shares | Weighted Average Exercise Price | |||||||||||||
Options outstanding at beginning of period | 10,500 | $ | 14.96 | |||||||||||
Granted | 0 | 0 | ||||||||||||
Exercised | (2,000) | 14.96 | ||||||||||||
Forfeited | 0 | 0 | ||||||||||||
Options outstanding at end of period | 8,500 | $ | 14.96 |
Performance-Based Restricted Stock | Weighted Average Grant-Date Fair Value | Time-Based Restricted Stock | Weighted Average Grant-Date Fair Value | Performance-Based Restricted Stock | Weighted Average Grant-Date Fair Value | Time-Based Restricted Stock | Weighted Average Grant-Date Fair Value | |||||||||||||||||||||||||||||||||||||||||||||
Nonvested at beginning of period | Nonvested at beginning of period | 132,827 | $ | 32.88 | 548,416 | $ | 34.15 | Nonvested at beginning of period | 146,561 | $ | 34.67 | 603,714 | $ | 34.48 | ||||||||||||||||||||||||||||||||||||||
Awarded | Awarded | 78,230 | 34.02 | 212,224 | 36.20 | Awarded | 63,308 | 38.62 | 252,719 | 38.32 | ||||||||||||||||||||||||||||||||||||||||||
Vested | Vested | 0 | 0 | (89,240) | 40.20 | Vested | — | — | (139,711) | 31.08 | ||||||||||||||||||||||||||||||||||||||||||
Cancelled | Cancelled | 0 | 0 | (19,461) | 37.05 | Cancelled | — | — | (2,000) | 35.85 | ||||||||||||||||||||||||||||||||||||||||||
Nonvested at end of period | Nonvested at end of period | 211,057 | $ | 33.30 | 651,939 | $ | 33.90 | Nonvested at end of period | 209,869 | $ | 35.86 | 714,722 | $ | 36.50 |
Balance Sheet | March 31, 2021 | December 31, 2020 | Balance Sheet | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Location | Notional Amount | Fair Value | Notional Amount | Fair Value | Location | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets: | Derivative assets: | Derivative assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | Other Assets | $ | 232,095 | $ | 7,111 | $ | 222,933 | $ | 9,884 | Interest rate contracts | Other Assets | $ | 179,648 | $ | 3,662 | $ | 185,447 | $ | 4,711 | ||||||||||||||||||||||||||||||||||||||
Interest rate lock commitments | Interest rate lock commitments | Other Assets | 598,448 | 11,875 | 589,701 | 19,824 | Interest rate lock commitments | Other Assets | 130,896 | 2,032 | 310,941 | 5,304 | ||||||||||||||||||||||||||||||||||||||||||||||
Forward commitments | Forward commitments | Other Assets | 847,000 | 13,767 | 0 | 0 | Forward commitments | Other Assets | 436,000 | 10,216 | 280,000 | 667 | ||||||||||||||||||||||||||||||||||||||||||||||
Totals | Totals | $ | 1,677,543 | $ | 32,753 | $ | 812,634 | $ | 29,708 | Totals | $ | 746,544 | $ | 15,910 | $ | 776,388 | $ | 10,682 | ||||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | Derivative liabilities: | Derivative liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | Other Liabilities | $ | 232,095 | $ | 7,111 | $ | 222,933 | $ | 9,884 | Interest rate contracts | Other Liabilities | $ | 179,648 | $ | 3,662 | $ | 185,447 | $ | 4,711 | ||||||||||||||||||||||||||||||||||||||
Interest rate lock commitments | Interest rate lock commitments | Other Liabilities | 51,290 | 373 | 0 | 0 | Interest rate lock commitments | Other Liabilities | 160,820 | 2,594 | 19,961 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||
Forward commitments | Forward commitments | Other Liabilities | 60,000 | 53 | 716,000 | 5,090 | Forward commitments | Other Liabilities | 35,000 | 97 | 320,000 | 736 | ||||||||||||||||||||||||||||||||||||||||||||||
Totals | Totals | $ | 343,385 | $ | 7,537 | $ | 938,933 | $ | 14,974 | Totals | $ | 375,468 | $ | 6,353 | $ | 525,408 | $ | 5,490 |
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts: | Interest rate contracts: | Interest rate contracts: | ||||||||||||||||||||||||||||||||||||||||||||
Included in interest income on loans | Included in interest income on loans | $ | 370 | $ | 736 | Included in interest income on loans | $ | 305 | $ | 370 | ||||||||||||||||||||||||||||||||||||
Interest rate lock commitments: | Interest rate lock commitments: | Interest rate lock commitments: | ||||||||||||||||||||||||||||||||||||||||||||
Included in mortgage banking income | Included in mortgage banking income | (8,322) | 21,821 | Included in mortgage banking income | (5,823) | (8,322) | ||||||||||||||||||||||||||||||||||||||||
Forward commitments | Forward commitments | Forward commitments | ||||||||||||||||||||||||||||||||||||||||||||
Included in mortgage banking income | Included in mortgage banking income | 18,803 | (15,470) | Included in mortgage banking income | 10,188 | 18,803 | ||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 10,851 | $ | 7,087 | Total | $ | 4,670 | $ | 10,851 |
Balance Sheet | March 31, 2021 | December 31, 2020 | Balance Sheet | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Location | Notional Amount | Fair Value | Notional Amount | Fair Value | Location | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets: | Derivative assets: | Derivative assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | Interest rate swaps | Other Assets | $ | 200,000 | $ | 16,474 | $ | 175,000 | $ | 3,866 | Interest rate swaps | Other Assets | $ | 100,000 | $ | 13,486 | $ | 100,000 | $ | 7,016 | ||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | Derivative liabilities: | Derivative liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | Interest rate swaps | Other Liabilities | $ | 62,000 | $ | 3,798 | $ | 87,000 | $ | 5,924 | Interest rate swaps | Other Liabilities | $ | 30,000 | $ | 816 | $ | 62,000 | $ | 2,902 |
Balance Sheet | March 31, 2021 | December 31, 2020 | Balance Sheet | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Location | Notional Amount | Fair Value | Notional Amount | Fair Value | Location | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | Derivative liabilities: | Derivative liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | Interest rate swaps | Other Liabilities | $ | 100,000 | $ | 7,650 | $ | 100,000 | $ | 209 | Interest rate swaps | Other Liabilities | $ | 100,000 | $ | 11,754 | $ | 100,000 | $ | 5,411 |
Amount of Gain (Loss Recognized in Income) | Amount of Gain (Loss) Recognized in Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Statement | Three Months Ended March 31, | Income Statement | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Location | 2021 | 2020 | Location | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | Derivative liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps - subordinated notes | Interest rate swaps - subordinated notes | Interest Expense | $ | (7,650) | $ | 0 | Interest rate swaps - subordinated notes | Interest Expense | $ | (6,343) | $ | (7,650) | ||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities - hedged items: | Derivative liabilities - hedged items: | Derivative liabilities - hedged items: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps - subordinated notes | Interest rate swaps - subordinated notes | Interest Expense | $ | 7,650 | $ | 0 | Interest rate swaps - subordinated notes | Interest Expense | $ | 6,343 | $ | 7,650 |
Carrying Amount of the Hedged Liability | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability | Carrying Amount of the Hedged Liability | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet Location | Balance Sheet Location | March 31, 2021 | December 31, 2020 | March 31, 2021 | December 31, 2020 | Balance Sheet Location | March 31, 2022 | December 31, 2021 | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||
Long-term debt | Long-term debt | $ | 90,717 | $ | 98,114 | $ | 7,650 | $ | 209 | Long-term debt | $ | 86,786 | $ | 93,085 | $ | 11,754 | $ | 5,411 |
Offsetting Derivative Assets | Offsetting Derivative Liabilities | Offsetting Derivative Assets | Offsetting Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | December 31, 2020 | March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | Gross amounts recognized | $ | 30,352 | $ | 3,866 | $ | 18,501 | $ | 21,107 | Gross amounts recognized | $ | 26,694 | $ | 8,007 | $ | 13,337 | $ | 13,436 | ||||||||||||||||||||||||||||
Gross amounts offset in the Consolidated Balance Sheets | Gross amounts offset in the Consolidated Balance Sheets | 0 | 0 | 0 | 0 | Gross amounts offset in the Consolidated Balance Sheets | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Net amounts presented in the Consolidated Balance Sheets | Net amounts presented in the Consolidated Balance Sheets | 30,352 | 3,866 | 18,501 | 21,107 | Net amounts presented in the Consolidated Balance Sheets | 26,694 | 8,007 | 13,337 | 13,436 | ||||||||||||||||||||||||||||||||||||
Gross amounts not offset in the Consolidated Balance Sheets | Gross amounts not offset in the Consolidated Balance Sheets | Gross amounts not offset in the Consolidated Balance Sheets | ||||||||||||||||||||||||||||||||||||||||||||
Financial instruments | Financial instruments | 9,172 | 3,866 | 9,172 | 3,866 | Financial instruments | 12,382 | 7,208 | 12,382 | 7,208 | ||||||||||||||||||||||||||||||||||||
Financial collateral pledged | Financial collateral pledged | 0 | 0 | 9,329 | 14,042 | Financial collateral pledged | — | — | 955 | 6,228 | ||||||||||||||||||||||||||||||||||||
Net amounts | Net amounts | $ | 21,180 | $ | 0 | $ | 0 | $ | 3,199 | Net amounts | $ | 14,312 | $ | 799 | $ | — | $ | — |
March 31, | December 31, | March 31, | December 31, | |||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Deferred tax assets | Deferred tax assets | Deferred tax assets | ||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | $ | 53,318 | $ | 53,597 | Allowance for credit losses | $ | 50,421 | $ | 50,712 | ||||||||||||
Loans | Loans | 4,883 | 5,526 | Loans | 2,602 | 2,855 | ||||||||||||||||
Deferred compensation | Deferred compensation | 12,311 | 13,114 | Deferred compensation | 10,777 | 14,522 | ||||||||||||||||
Net unrealized losses on securities | Net unrealized losses on securities | 35,769 | 3,545 | |||||||||||||||||||
Impairment of assets | Impairment of assets | 874 | 1,067 | Impairment of assets | 394 | 392 | ||||||||||||||||
Net operating loss carryforwards | Net operating loss carryforwards | 1,667 | 1,857 | Net operating loss carryforwards | 1,035 | 1,211 | ||||||||||||||||
Investment in partnerships | Investment in partnerships | 930 | 890 | |||||||||||||||||||
Lease liabilities under operating leases | Lease liabilities under operating leases | 18,168 | 17,732 | Lease liabilities under operating leases | 15,423 | 17,106 | ||||||||||||||||
Other | Other | 3,504 | 3,539 | Other | 4,179 | 3,241 | ||||||||||||||||
Total deferred tax assets | Total deferred tax assets | 94,725 | 96,432 | Total deferred tax assets | 121,530 | 94,474 | ||||||||||||||||
Deferred tax liabilities | Deferred tax liabilities | Deferred tax liabilities | ||||||||||||||||||||
Net unrealized gains on securities | 6,804 | 8,434 | ||||||||||||||||||||
Investment in partnerships | 719 | 793 | ||||||||||||||||||||
Fixed assets | Fixed assets | 2,534 | 3,285 | Fixed assets | 5,734 | 5,339 | ||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 19,025 | 14,623 | Mortgage servicing rights | 21,470 | 20,779 | ||||||||||||||||
Junior subordinated debt | Junior subordinated debt | 2,223 | 2,245 | Junior subordinated debt | 2,093 | 2,130 | ||||||||||||||||
Intangibles | Intangibles | 3,968 | 3,882 | Intangibles | 3,005 | 3,177 | ||||||||||||||||
Lease right-of-use asset | Lease right-of-use asset | 17,239 | 16,833 | Lease right-of-use asset | 14,696 | 16,209 | ||||||||||||||||
Other | Other | 1,459 | 1,672 | Other | 1,722 | 1,607 | ||||||||||||||||
Total deferred tax liabilities | Total deferred tax liabilities | 53,971 | 51,767 | Total deferred tax liabilities | 48,720 | 49,241 | ||||||||||||||||
Net deferred tax assets | Net deferred tax assets | $ | 40,754 | $ | 44,665 | Net deferred tax assets | $ | 72,810 | $ | 45,233 |
Level 1 | Level 2 | Level 3 | Totals | ||||||||||||||||||||
March 31, 2022 | |||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||
Securities available for sale | $ | — | $ | 2,405,316 | $ | — | $ | 2,405,316 | |||||||||||||||
Derivative instruments | — | 29,396 | — | 29,396 | |||||||||||||||||||
Mortgage loans held for sale in loans held for sale | — | 280,464 | — | 280,464 | |||||||||||||||||||
Total financial assets | $ | — | $ | 2,715,176 | $ | — | $ | 2,715,176 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||||
Derivative instruments: | $ | — | $ | 18,923 | $ | — | $ | 18,923 |
Level 1 | Level 2 | Level 3 | Totals | ||||||||||||||||||||
March 31, 2021 | |||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||
Securities available for sale | $ | 0 | $ | 1,536,041 | $ | 0 | $ | 1,536,041 | |||||||||||||||
Derivative instruments | 0 | 49,227 | 0 | 49,227 | |||||||||||||||||||
Mortgage loans held for sale in loans held for sale | 0 | 502,002 | 0 | 502,002 | |||||||||||||||||||
Total financial assets | $ | 0 | $ | 2,087,270 | $ | 0 | $ | 2,087,270 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||||
Derivative instruments: | $ | 0 | $ | 18,985 | $ | 0 | $ | 18,985 |
Level 1 | Level 2 | Level 3 | Totals | Level 1 | Level 2 | Level 3 | Totals | |||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Financial assets: | Financial assets: | Financial assets: | ||||||||||||||||||||||||||||||||||||||||||||
Trust preferred securities | $ | 0 | $ | 0 | $ | 9,012 | $ | 9,012 | ||||||||||||||||||||||||||||||||||||||
Other available for sale securities | 0 | 1,334,445 | 0 | 1,334,445 | ||||||||||||||||||||||||||||||||||||||||||
Total securities available for sale | 0 | 1,334,445 | 9,012 | 1,343,457 | ||||||||||||||||||||||||||||||||||||||||||
Securities available for sale | Securities available for sale | — | 2,386,052 | — | 2,386,052 | |||||||||||||||||||||||||||||||||||||||||
Derivative instruments | Derivative instruments | 0 | 33,574 | 0 | 33,574 | Derivative instruments | — | 17,698 | — | 17,698 | ||||||||||||||||||||||||||||||||||||
Mortgage loans held for sale in loans held for sale | Mortgage loans held for sale in loans held for sale | 0 | 417,771 | 0 | 417,771 | Mortgage loans held for sale in loans held for sale | — | 453,533 | — | 453,533 | ||||||||||||||||||||||||||||||||||||
Total financial assets | Total financial assets | $ | 0 | $ | 1,785,790 | $ | 9,012 | $ | 1,794,802 | Total financial assets | $ | — | $ | 2,857,283 | $ | — | $ | 2,857,283 | ||||||||||||||||||||||||||||
Financial liabilities: | Financial liabilities: | Financial liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments | Derivative instruments | $ | 0 | $ | 21,107 | $ | 0 | $ | 21,107 | Derivative instruments | $ | — | $ | 13,803 | $ | — | $ | 13,803 |
2021 | 2020 | ||||||||||||||||||||||
Three Months Ended March 31, 2021 | Trust preferred securities | Trust preferred securities | |||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||
Balance at beginning of period | $ | 9,012 | $ | 9,986 | |||||||||||||||||||
Accretion included in net income | 7 | 9 | |||||||||||||||||||||
Unrealized gains (losses) included in other comprehensive income | 941 | (1,319) | |||||||||||||||||||||
Realized losses | 2,061 | 0 | |||||||||||||||||||||
Sales | (12,021) | 0 | |||||||||||||||||||||
Settlements | 0 | (72) | |||||||||||||||||||||
Balance at end of period | $ | 0 | $ | 8,604 | |||||||||||||||||||
2021 | |||||||||||||||||||||||
Three Months Ended March 31, 2022 | Trust preferred securities | ||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||
Balance at beginning of period | $ | 9,012 | |||||||||||||||||||||
Accretion included in net income | 7 | ||||||||||||||||||||||
Unrealized losses included in other comprehensive income | 941 | ||||||||||||||||||||||
Realized losses | 2,061 | ||||||||||||||||||||||
Sales | (12,021) | ||||||||||||||||||||||
Balance at end of period | $ | — | |||||||||||||||||||||
March 31, 2021 | Level 1 | Level 2 | Level 3 | Totals | ||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | Level 1 | Level 2 | Level 3 | Totals | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated loans, net of allowance for credit losses | Individually evaluated loans, net of allowance for credit losses | $ | 0 | $ | 0 | $ | 8,810 | $ | 8,810 | Individually evaluated loans, net of allowance for credit losses | $ | — | $ | — | $ | 3,111 | $ | 3,111 | ||||||||||||||||||||||||||||
OREO | OREO | 0 | 0 | 215 | 215 | OREO | — | — | 2,062 | 2,062 | ||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0 | 0 | 80,263 | 80,263 | ||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 0 | $ | 0 | $ | 89,288 | $ | 89,288 | Total | $ | — | $ | — | $ | 5,173 | $ | 5,173 |
December 31, 2020 | Level 1 | Level 2 | Level 3 | Totals | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | Level 1 | Level 2 | Level 3 | Totals | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated loans, net of allowance for credit losses | Individually evaluated loans, net of allowance for credit losses | $ | 0 | $ | 0 | $ | 24,145 | $ | 24,145 | Individually evaluated loans, net of allowance for credit losses | $ | — | $ | — | $ | 7,928 | $ | 7,928 | ||||||||||||||||||||||||||||
OREO | OREO | 0 | 0 | 2,736 | 2,736 | OREO | — | — | 2,540 | 2,540 | ||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0 | 0 | 62,994 | 62,994 | ||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 0 | $ | 0 | $ | 89,875 | $ | 89,875 | Total | $ | — | $ | — | $ | 10,468 | $ | 10,468 |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Carrying amount prior to remeasurement | Carrying amount prior to remeasurement | $ | 285 | $ | 4,051 | Carrying amount prior to remeasurement | $ | 2,076 | $ | 2,556 | ||||||||||||
Impairment recognized in results of operations | Impairment recognized in results of operations | (70) | (1,315) | Impairment recognized in results of operations | (14) | (16) | ||||||||||||||||
Fair value | Fair value | $ | 215 | $ | 2,736 | Fair value | $ | 2,062 | $ | 2,540 |
Financial instrument | Fair Value | Valuation Technique | Significant Unobservable Inputs | Range of Inputs | |||||||||||||||||||
Individually evaluated loans, net of allowance for credit losses | $ | Appraised value of collateral less estimated costs to sell | Estimated costs to sell | 4-10% | |||||||||||||||||||
OREO | $ | Appraised value of property less estimated costs to sell | Estimated costs to sell | 4-10% |
Aggregate Fair Value | Aggregate Unpaid Principal Balance | Difference | Aggregate Fair Value | Aggregate Unpaid Principal Balance | Difference | |||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale measured at fair value | Mortgage loans held for sale measured at fair value | $ | 502,002 | $ | 492,064 | $ | 9,938 | Mortgage loans held for sale measured at fair value | $ | 280,464 | $ | 281,669 | $ | (1,205) | ||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale measured at fair value | Mortgage loans held for sale measured at fair value | $ | 417,771 | $ | 395,602 | $ | 22,169 | Mortgage loans held for sale measured at fair value | $ | 453,533 | $ | 441,717 | $ | 11,816 |
Fair Value | |||||||||||||||||||||||||||||
As of March 31, 2022 | Carrying Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,607,493 | $ | 1,607,493 | $ | — | $ | — | $ | 1,607,493 | |||||||||||||||||||
Securities available for sale | 2,405,316 | — | 2,405,316 | — | 2,405,316 | ||||||||||||||||||||||||
Loans held for sale | 280,464 | — | 280,464 | — | 280,464 | ||||||||||||||||||||||||
Loans, net | 10,146,991 | — | — | 9,860,650 | 9,860,650 | ||||||||||||||||||||||||
Mortgage servicing rights | 91,730 | — | — | 131,896 | 131,896 | ||||||||||||||||||||||||
Derivative instruments | 29,396 | — | 29,396 | — | 29,396 | ||||||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||||||
Deposits | $ | 13,990,897 | $ | 12,650,868 | $ | 1,321,023 | $ | — | $ | 13,971,891 | |||||||||||||||||||
Short-term borrowings | 111,279 | 111,279 | — | — | 111,279 | ||||||||||||||||||||||||
Federal Home Loan Bank advances | 408 | — | 409 | — | 409 | ||||||||||||||||||||||||
Junior subordinated debentures | 111,518 | — | 104,427 | — | 104,427 | ||||||||||||||||||||||||
Subordinated notes | 323,490 | — | 322,900 | — | 322,900 | ||||||||||||||||||||||||
Derivative instruments | 18,923 | — | 18,923 | — | 18,923 |
Fair Value | |||||||||||||||||||||||||||||
As of March 31, 2021 | Carrying Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,261,916 | $ | 1,261,916 | $ | 0 | $ | 0 | $ | 1,261,916 | |||||||||||||||||||
Securities available for sale | 1,536,041 | 0 | 1,536,041 | 0 | 1,536,041 | ||||||||||||||||||||||||
Loans held for sale | 502,002 | 0 | 502,002 | 0 | 502,002 | ||||||||||||||||||||||||
Loans, net | 10,515,302 | 0 | 0 | 10,420,129 | 10,420,129 | ||||||||||||||||||||||||
Mortgage servicing rights | 80,263 | 0 | 0 | 83,730 | 83,730 | ||||||||||||||||||||||||
Derivative instruments | 49,227 | 0 | 49,227 | 0 | 49,227 | ||||||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||||||
Deposits | $ | 12,736,908 | $ | 11,133,259 | $ | 1,610,535 | $ | 0 | $ | 12,743,794 | |||||||||||||||||||
Short-term borrowings | 12,154 | 12,154 | 0 | 0 | 12,154 | ||||||||||||||||||||||||
Federal Home Loan Bank advances | 152,124 | 0 | 157,139 | 0 | 157,139 | ||||||||||||||||||||||||
Junior subordinated debentures | 110,939 | 0 | 99,076 | 0 | 99,076 | ||||||||||||||||||||||||
Subordinated notes | 204,597 | 0 | 219,900 | 0 | 219,900 | ||||||||||||||||||||||||
Derivative instruments | 18,985 | 0 | 18,985 | 0 | 18,985 |
Fair Value | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2020 | Carrying Value | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2021 | As of December 31, 2021 | Carrying Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial assets | Financial assets | Financial assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | $ | 633,203 | $ | 633,203 | $ | 0 | $ | 0 | $ | 633,203 | Cash and cash equivalents | $ | 1,877,965 | $ | 1,877,965 | $ | — | $ | — | $ | 1,877,965 | ||||||||||||||||||||||||||||||||||||
Securities available for sale | Securities available for sale | 1,343,457 | 0 | 1,334,445 | 9,012 | 1,343,457 | Securities available for sale | 2,386,052 | — | 2,386,052 | — | 2,386,052 | ||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | Loans held for sale | 417,771 | 0 | 417,771 | 0 | 417,771 | Loans held for sale | 453,533 | — | 453,533 | — | 453,533 | ||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | Loans, net | 10,757,503 | 0 | 0 | 10,668,625 | 10,668,625 | Loans, net | 9,856,743 | — | — | 9,690,604 | 9,690,604 | ||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 62,994 | 0 | 0 | 62,994 | 62,994 | Mortgage servicing rights | 89,018 | — | — | 99,425 | 99,425 | ||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments | Derivative instruments | 33,574 | 0 | 33,574 | 0 | 33,574 | Derivative instruments | 17,698 | — | 17,698 | — | 17,698 | ||||||||||||||||||||||||||||||||||||||||||||||
Financial liabilities | Financial liabilities | Financial liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits | $ | 12,059,081 | $ | 10,363,193 | $ | 1,706,005 | $ | 0 | $ | 12,069,198 | Deposits | $ | 13,905,724 | $ | 12,494,342 | $ | 1,408,397 | $ | — | $ | 13,902,739 | ||||||||||||||||||||||||||||||||||||
Short-term borrowings | Short-term borrowings | 21,340 | 21,340 | 0 | 0 | 21,340 | Short-term borrowings | 13,947 | 13,947 | — | — | 13,947 | ||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | Federal Home Loan Bank advances | 152,167 | 0 | 158,914 | 0 | 158,914 | Federal Home Loan Bank advances | 417 | — | 422 | — | 422 | ||||||||||||||||||||||||||||||||||||||||||||||
Junior subordinated debentures | Junior subordinated debentures | 110,794 | 0 | 93,092 | 0 | 93,092 | Junior subordinated debentures | 111,373 | — | 106,682 | — | 106,682 | ||||||||||||||||||||||||||||||||||||||||||||||
Subordinated notes | Subordinated notes | 212,009 | 0 | 217,575 | 0 | 217,575 | Subordinated notes | 359,419 | — | 373,950 | — | 373,950 | ||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments | Derivative instruments | 21,107 | 0 | 21,107 | 0 | 21,107 | Derivative instruments | 13,803 | — | 13,803 | — | 13,803 |
Pre-Tax | Tax Expense (Benefit) | Net of Tax | |||||||||||||||
Three months ended March 31, 2021 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Unrealized holding losses on securities | $ | (20,044) | $ | (5,101) | $ | (14,943) | |||||||||||
Reclassification adjustment for gains realized in net income | (1,357) | (345) | (1,012) | ||||||||||||||
Total securities available for sale | (21,401) | (5,446) | (15,955) | ||||||||||||||
Derivative instruments: | |||||||||||||||||
Unrealized holding gains on derivative instruments | 14,734 | 3,750 | 10,984 | ||||||||||||||
Total derivative instruments | 14,734 | 3,750 | 10,984 | ||||||||||||||
Defined benefit pension and post-retirement benefit plans: | |||||||||||||||||
Amortization of net actuarial loss recognized in net periodic pension cost | 54 | 12 | 42 | ||||||||||||||
Total defined benefit pension and post-retirement benefit plans | 54 | 12 | 42 | ||||||||||||||
Total other comprehensive loss | $ | (6,613) | $ | (1,684) | $ | (4,929) | |||||||||||
Three months ended March 31, 2020 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Unrealized holding gains on securities | $ | 22,389 | $ | 5,695 | $ | 16,694 | |||||||||||
Total securities available for sale | 22,389 | 5,695 | 16,694 | ||||||||||||||
Derivative instruments: | |||||||||||||||||
Unrealized holding losses on derivative instruments | (4,028) | (1,025) | (3,003) | ||||||||||||||
Total derivative instruments | (4,028) | (1,025) | (3,003) | ||||||||||||||
Defined benefit pension and post-retirement benefit plans: | |||||||||||||||||
Amortization of net actuarial loss recognized in net periodic pension cost | 62 | 16 | 46 | ||||||||||||||
Total defined benefit pension and post-retirement benefit plans | 62 | 16 | 46 | ||||||||||||||
Total other comprehensive income | $ | 18,423 | $ | 4,686 | $ | 13,737 |
Pre-Tax | Tax Expense (Benefit) | Net of Tax | |||||||||||||||
Three months ended March 31, 2022 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Unrealized holding losses on securities | $ | (134,756) | $ | (34,294) | $ | (100,462) | |||||||||||
Amortization of unrealized holding gains on securities transferred to the held to maturity category | (99) | (25) | (74) | ||||||||||||||
Total securities available for sale | (134,855) | (34,319) | (100,536) | ||||||||||||||
Derivative instruments: | |||||||||||||||||
Unrealized holding gains on derivative instruments | 8,556 | 2,177 | 6,379 | ||||||||||||||
Total derivative instruments | 8,556 | 2,177 | 6,379 | ||||||||||||||
Defined benefit pension and post-retirement benefit plans: | |||||||||||||||||
Amortization of net actuarial loss recognized in net periodic pension cost | 42 | 11 | 31 | ||||||||||||||
Total defined benefit pension and post-retirement benefit plans | 42 | 11 | 31 | ||||||||||||||
Total other comprehensive loss | $ | (126,257) | $ | (32,131) | $ | (94,126) | |||||||||||
Three months ended March 31, 2021 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Unrealized holding losses on securities | $ | (20,044) | $ | (5,101) | $ | (14,943) | |||||||||||
Reclassification adjustment for gains realized in net income | (1,357) | (345) | (1,012) | ||||||||||||||
Total securities available for sale | (21,401) | (5,446) | (15,955) | ||||||||||||||
Derivative instruments: | |||||||||||||||||
Unrealized holding gains on derivative instruments | 14,734 | 3,750 | 10,984 | ||||||||||||||
Total derivative instruments | 14,734 | 3,750 | 10,984 | ||||||||||||||
Defined benefit pension and post-retirement benefit plans: | |||||||||||||||||
Amortization of net actuarial loss recognized in net periodic pension cost | 54 | 12 | 42 | ||||||||||||||
Total defined benefit pension and post-retirement benefit plans | 54 | 12 | 42 | ||||||||||||||
Total other comprehensive loss | $ | (6,613) | $ | (1,684) | $ | (4,929) |
March 31, 2021 | December 31, 2020 | ||||||||||
Unrealized gains on securities | $ | 14,972 | $ | 42,246 | |||||||
Non-credit related portion of previously recorded other-than-temporary impairment on securities | 0 | (11,319) | |||||||||
Unrealized gains (losses) on derivative instruments | 10,346 | (638) | |||||||||
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations | (5,179) | (5,221) | |||||||||
Total accumulated other comprehensive income | $ | 20,139 | $ | 25,068 |
March 31, 2022 | December 31, 2021 | ||||||||||
Unrealized losses on securities | $ | (109,652) | $ | (9,116) | |||||||
Unrealized gains on derivative instruments | 10,342 | 3,963 | |||||||||
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations | (5,259) | (5,290) | |||||||||
Total accumulated other comprehensive loss | $ | (104,569) | $ | (10,443) |
Three Months Ended | Three Months Ended | |||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Basic | Basic | Basic | ||||||||||||||||||||
Net income applicable to common stock | Net income applicable to common stock | $ | 57,908 | $ | 2,008 | Net income applicable to common stock | $ | 33,547 | $ | 57,908 | ||||||||||||
Average common shares outstanding | Average common shares outstanding | 56,240,201 | 56,534,816 | Average common shares outstanding | 55,809,192 | 56,240,201 | ||||||||||||||||
Net income per common share - basic | Net income per common share - basic | $ | 1.03 | $ | 0.04 | Net income per common share - basic | $ | 0.60 | $ | 1.03 | ||||||||||||
Diluted | Diluted | Diluted | ||||||||||||||||||||
Net income applicable to common stock | Net income applicable to common stock | $ | 57,908 | $ | 2,008 | Net income applicable to common stock | $ | 33,547 | $ | 57,908 | ||||||||||||
Average common shares outstanding | Average common shares outstanding | 56,240,201 | 56,534,816 | Average common shares outstanding | 55,809,192 | 56,240,201 | ||||||||||||||||
Effect of dilutive stock-based compensation | Effect of dilutive stock-based compensation | 278,998 | 171,473 | Effect of dilutive stock-based compensation | 272,671 | 278,998 | ||||||||||||||||
Average common shares outstanding - diluted | Average common shares outstanding - diluted | 56,519,199 | 56,706,289 | Average common shares outstanding - diluted | 56,081,863 | 56,519,199 | ||||||||||||||||
Net income per common share - diluted | Net income per common share - diluted | $ | 1.02 | $ | 0.04 | Net income per common share - diluted | $ | 0.60 | $ | 1.02 |
Three Months Ended | |||||||||||
March 31, | |||||||||||
2021 | 2020 | ||||||||||
Number of shares | 1,875 | 236,327 | |||||||||
Exercise prices (for stock option awards) | 0 | 0 |
Three Months Ended | |||||||||||
March 31, | |||||||||||
2022 | 2021 | ||||||||||
Number of shares | 2,200 | 1,875 | |||||||||
Capital Tiers | Tier 1 Capital to Average Assets (Leverage) | Common Equity Tier 1 to Risk - Weighted Assets | Tier 1 Capital to Risk - Weighted Assets | Total Capital to Risk - Weighted Assets | |||||||||||||||||||
Well capitalized | 5% or above | 6.5% or above | 8% or above | 10% or above | |||||||||||||||||||
Adequately capitalized | 4% or above | 4.5% or above | 6% or above | 8% or above | |||||||||||||||||||
Undercapitalized | Less than 4% | Less than 4.5% | Less than 6% | Less than 8% | |||||||||||||||||||
Significantly undercapitalized | Less than 3% | Less than 3% | Less than 4% | Less than 6% | |||||||||||||||||||
Critically undercapitalized | Tangible Equity / Total Assets less than 2% |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||||||||||||||||||||
Renasant Corporation | Renasant Corporation | Renasant Corporation | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 Capital to Average Assets (Leverage) | Tier 1 Capital to Average Assets (Leverage) | $ | 1,353,317 | 9.49 | % | $ | 1,306,597 | 9.37 | % | Tier 1 Capital to Average Assets (Leverage) | $ | 1,424,268 | 9.00 | % | $ | 1,422,077 | 9.15 | % | ||||||||||||||||||||||||||||
Common Equity Tier 1 Capital to Risk-Weighted Assets | Common Equity Tier 1 Capital to Risk-Weighted Assets | 1,245,969 | 11.05 | % | 1,199,394 | 10.93 | % | Common Equity Tier 1 Capital to Risk-Weighted Assets | 1,316,342 | 10.78 | % | 1,314,295 | 11.18 | % | ||||||||||||||||||||||||||||||||
Tier 1 Capital to Risk-Weighted Assets | Tier 1 Capital to Risk-Weighted Assets | 1,353,317 | 12.00 | % | 1,306,597 | 11.91 | % | Tier 1 Capital to Risk-Weighted Assets | 1,424,268 | 11.67 | % | 1,422,077 | 12.10 | % | ||||||||||||||||||||||||||||||||
Total Capital to Risk-Weighted Assets | Total Capital to Risk-Weighted Assets | 1,701,667 | 15.09 | % | 1,653,694 | 15.07 | % | Total Capital to Risk-Weighted Assets | 1,892,630 | 15.50 | % | 1,897,167 | 16.14 | % | ||||||||||||||||||||||||||||||||
Renasant Bank | Renasant Bank | Renasant Bank | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 Capital to Average Assets (Leverage) | Tier 1 Capital to Average Assets (Leverage) | $ | 1,412,831 | 9.91 | % | $ | 1,369,994 | 9.83 | % | Tier 1 Capital to Average Assets (Leverage) | $ | 1,581,608 | 10.00 | % | $ | 1,580,904 | 10.18 | % | ||||||||||||||||||||||||||||
Common Equity Tier 1 Capital to Risk-Weighted Assets | Common Equity Tier 1 Capital to Risk-Weighted Assets | 1,412,831 | 12.52 | % | 1,369,994 | 12.49 | % | Common Equity Tier 1 Capital to Risk-Weighted Assets | 1,581,608 | 12.95 | % | 1,580,904 | 13.46 | % | ||||||||||||||||||||||||||||||||
Tier 1 Capital to Risk-Weighted Assets | Tier 1 Capital to Risk-Weighted Assets | 1,412,831 | 12.52 | % | 1,369,994 | 12.49 | % | Tier 1 Capital to Risk-Weighted Assets | 1,581,608 | 12.95 | % | 1,580,904 | 13.46 | % | ||||||||||||||||||||||||||||||||
Total Capital to Risk-Weighted Assets | Total Capital to Risk-Weighted Assets | 1,548,990 | 13.72 | % | 1,504,985 | 13.73 | % | Total Capital to Risk-Weighted Assets | 1,714,725 | 14.04 | % | 1,697,163 | 14.44 | % |
Community Banks | Insurance | Wealth Management | Other | Consolidated | Community Banks | Insurance | Wealth Management | Other | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2022 | Three months ended March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (loss) | Net interest income (loss) | $ | 112,948 | $ | 107 | $ | 384 | $ | (3,791) | $ | 109,648 | Net interest income (loss) | $ | 103,932 | $ | 93 | $ | 490 | $ | (4,886) | $ | 99,629 | ||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | 0 | 0 | 0 | 0 | 0 | Provision for credit losses | 1,500 | — | — | — | 1,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest income (loss) | Noninterest income (loss) | 73,070 | 3,248 | 5,171 | (452) | 81,037 | Noninterest income (loss) | 28,306 | 3,097 | 6,505 | (450) | 37,458 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest expense | Noninterest expense | 109,586 | 1,923 | 4,101 | 325 | 115,935 | Noninterest expense | 86,871 | 2,116 | 4,755 | 363 | 94,105 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | Income (loss) before income taxes | 76,432 | 1,432 | 1,454 | (4,568) | 74,750 | Income (loss) before income taxes | 43,867 | 1,074 | 2,240 | (5,699) | 41,482 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | Income tax expense (benefit) | 17,656 | 367 | 0 | (1,181) | 16,842 | Income tax expense (benefit) | 9,131 | 281 | — | (1,477) | 7,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | Net income (loss) | $ | 58,776 | $ | 1,065 | $ | 1,454 | $ | (3,387) | $ | 57,908 | Net income (loss) | $ | 34,736 | $ | 793 | $ | 2,240 | $ | (4,222) | $ | 33,547 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | Total assets | $ | 15,525,500 | $ | 31,004 | $ | 64,320 | $ | 1,747 | $ | 15,622,571 | Total assets | $ | 16,757,670 | $ | 33,794 | $ | 64,761 | $ | 7,532 | $ | 16,863,757 | ||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | Goodwill | $ | 936,916 | $ | 2,767 | $ | 0 | $ | 0 | $ | 939,683 | Goodwill | $ | 943,524 | $ | 2,767 | $ | — | $ | — | $ | 946,291 | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2021 | Three months ended March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (loss) | Net interest income (loss) | $ | 108,869 | $ | 187 | $ | 441 | $ | (2,895) | $ | 106,602 | Net interest income (loss) | $ | 112,948 | $ | 107 | $ | 384 | $ | (3,791) | $ | 109,648 | ||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | 26,212 | 0 | 138 | 0 | 26,350 | Provision for credit losses | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest income (loss) | Noninterest income (loss) | 30,683 | 2,940 | 4,344 | (397) | 37,570 | Noninterest income (loss) | 73,070 | 3,248 | 5,171 | (452) | 81,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest expense (benefit) | Noninterest expense (benefit) | 109,284 | 1,886 | 3,945 | (74) | 115,041 | Noninterest expense (benefit) | 109,586 | 1,923 | 4,101 | 325 | 115,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | Income (loss) before income taxes | 4,056 | 1,241 | 702 | (3,218) | 2,781 | Income (loss) before income taxes | 76,432 | 1,432 | 1,454 | (4,568) | 74,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | Income tax expense (benefit) | 1,280 | 330 | 0 | (837) | 773 | Income tax expense (benefit) | 17,656 | 367 | — | (1,181) | 16,842 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | Net income (loss) | $ | 2,776 | $ | 911 | $ | 702 | $ | (2,381) | $ | 2,008 | Net income (loss) | $ | 58,776 | $ | 1,065 | $ | 1,454 | $ | (3,387) | $ | 57,908 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | Total assets | $ | 13,776,076 | $ | 28,448 | $ | 71,895 | $ | 24,131 | $ | 13,900,550 | Total assets | $ | 15,525,500 | $ | 31,004 | $ | 64,320 | $ | 1,747 | $ | 15,622,571 | ||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | Goodwill | $ | 936,916 | $ | 2,767 | $ | 0 | $ | 0 | $ | 939,683 | Goodwill | $ | 936,916 | $ | 2,767 | $ | — | $ | — | $ | 939,683 |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
Balance | Percentage of Portfolio | Balance | Percentage of Portfolio | Balance | Percentage of Portfolio | Balance | Percentage of Portfolio | |||||||||||||||||||||||||||||||||||||||
U.S. Treasury securities | U.S. Treasury securities | $ | 3,050 | 0.20 | % | $ | 7,079 | 0.53 | % | U.S. Treasury securities | $ | 2,000 | 0.07 | % | $ | 3,010 | 0.11 | % | ||||||||||||||||||||||||||||
Obligations of other U.S. Government agencies and corporations | 1,004 | 0.07 | 1,009 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | Obligations of states and political subdivisions | 328,818 | 21.41 | 305,201 | 22.72 | Obligations of states and political subdivisions | 448,065 | 15.49 | 426,751 | 15.23 | ||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | Mortgage-backed securities | 1,139,970 | 74.21 | 955,549 | 71.12 | Mortgage-backed securities | 2,327,149 | 80.45 | 2,313,167 | 82.54 | ||||||||||||||||||||||||||||||||||||
Trust preferred securities | — | — | 9,012 | 0.67 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 63,199 | 4.11 | 65,607 | 4.88 | Other debt securities | 115,328 | 3.99 | 59,513 | 2.12 | ||||||||||||||||||||||||||||||||||||
$ | 1,536,041 | 100.00 | % | $ | 1,343,457 | 100.00 | % | $ | 2,892,542 | 100.00 | % | $ | 2,802,441 | 100.00 | % | |||||||||||||||||||||||||||||||
Allowance for credit losses - held to maturity securities | Allowance for credit losses - held to maturity securities | (32) | (32) | |||||||||||||||||||||||||||||||||||||||||||
Securities, net of allowance for credit losses | Securities, net of allowance for credit losses | $ | 2,892,510 | $ | 2,802,409 |
March 31, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Non Purchased | Purchased | Total Loans | Percentage of Total Loans | Non Purchased | Purchased | Total Loans | Percentage of Total Loans | |||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural (1) | Commercial, financial, agricultural (1) | $ | 2,105,444 | $ | 143,843 | $ | 2,249,287 | 21.04 | % | Commercial, financial, agricultural (1) | $ | 1,336,239 | $ | 109,368 | $ | 1,445,607 | 14.02 | % | ||||||||||||||||||||||||||||
Lease financing, net of unearned income | Lease financing, net of unearned income | 75,256 | — | 75,256 | 0.70 | Lease financing, net of unearned income | 89,842 | — | 89,842 | 0.87 | ||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 252,795 | 2,561 | 255,356 | 2.39 | Residential | 305,396 | 1,259 | 306,655 | 2.97 | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 680,791 | 19,771 | 700,562 | 6.55 | Commercial | 911,532 | 3,865 | 915,397 | 8.88 | ||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 933,586 | 22,332 | 955,918 | 8.94 | Total real estate – construction | 1,216,928 | 5,124 | 1,222,052 | 11.85 | ||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 1,576,212 | 190,539 | 1,766,751 | 16.53 | Primary | 1,803,750 | 122,063 | 1,925,813 | 18.67 | ||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 432,207 | 72,413 | 504,620 | 4.72 | Home equity | 424,426 | 46,239 | 470,665 | 4.56 | ||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 256,979 | 28,800 | 285,779 | 2.67 | Rental/investment | 274,117 | 18,694 | 292,811 | 2.84 | ||||||||||||||||||||||||||||||||||||
Land development | Land development | 115,522 | 13,389 | 128,911 | 1.21 | Land development | 142,294 | 9,396 | 151,690 | 1.47 | ||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 2,380,920 | 305,141 | 2,686,061 | 25.13 | Total real estate – 1-4 family mortgage | 2,644,587 | 196,392 | 2,840,979 | 27.54 | ||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 1,344,154 | 300,616 | 1,644,770 | 15.39 | Owner-occupied | 1,318,446 | 220,247 | 1,538,693 | 14.92 | ||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 2,221,206 | 546,663 | 2,767,869 | 25.90 | Non-owner occupied | 2,510,981 | 396,135 | 2,907,116 | 28.19 | ||||||||||||||||||||||||||||||||||||
Land development | Land development | 110,800 | 25,588 | 136,388 | 1.28 | Land development | 116,113 | 15,942 | 132,055 | 1.28 | ||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 3,676,160 | 872,867 | 4,549,027 | 42.57 | Total real estate – commercial mortgage | 3,945,540 | 632,324 | 4,577,864 | 44.39 | ||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 121,136 | 51,723 | 172,859 | 1.62 | Installment loans to individuals | 105,754 | 31,361 | 137,115 | 1.33 | ||||||||||||||||||||||||||||||||||||
Total loans, net of unearned income | Total loans, net of unearned income | $ | 9,292,502 | $ | 1,395,906 | $ | 10,688,408 | 100.00 | % | Total loans, net of unearned income | $ | 9,338,890 | $ | 974,569 | $ | 10,313,459 | 100.00 | % |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Non Purchased | Purchased | Total Loans | Percentage of Total Loans | Non Purchased | Purchased | Total Loans | Percentage of Total Loans | |||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural (1) | Commercial, financial, agricultural (1) | $ | 2,360,471 | $ | 176,513 | $ | 2,536,984 | 23.20 | % | Commercial, financial, agricultural (1) | $ | 1,332,962 | $ | 90,308 | $ | 1,423,270 | 14.20 | % | ||||||||||||||||||||||||||||
Lease financing, net of unearned income | Lease financing, net of unearned income | 75,862 | — | 75,862 | 0.69 | Lease financing, net of unearned income | 76,125 | — | 76,125 | 0.76 | ||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | 243,814 | 2,859 | 246,673 | 2.26 | Residential | 300,988 | 1,287 | 302,275 | 3.02 | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 583,338 | 28,093 | 611,431 | 5.59 | Commercial | 798,914 | 3,707 | 802,621 | 8.01 | ||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 827,152 | 30,952 | 858,104 | 7.85 | Total real estate – construction | 1,099,902 | 4,994 | 1,104,896 | 11.03 | ||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | 1,536,181 | 214,770 | 1,750,951 | 16.02 | Primary | 1,682,050 | 134,070 | 1,816,120 | 18.12 | ||||||||||||||||||||||||||||||||||||
Home equity | Home equity | 432,768 | 80,392 | 513,160 | 4.69 | Home equity | 423,108 | 51,496 | 474,604 | 4.74 | ||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 264,436 | 31,928 | 296,364 | 2.71 | Rental/investment | 268,245 | 20,229 | 288,474 | 2.88 | ||||||||||||||||||||||||||||||||||||
Land development | Land development | 123,179 | 14,654 | 137,833 | 1.26 | Land development | 135,070 | 9,978 | 145,048 | 1.45 | ||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 2,356,564 | 341,744 | 2,698,308 | 24.68 | Total real estate – 1-4 family mortgage | 2,508,473 | 215,773 | 2,724,246 | 27.19 | ||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 1,334,765 | 323,041 | 1,657,806 | 15.16 | Owner-occupied | 1,329,219 | 234,132 | 1,563,351 | 15.60 | ||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 2,194,739 | 552,728 | 2,747,467 | 25.13 | Non-owner occupied | 2,446,370 | 410,577 | 2,856,947 | 28.51 | ||||||||||||||||||||||||||||||||||||
Land development | Land development | 120,125 | 29,454 | 149,579 | 1.37 | Land development | 110,395 | 18,344 | 128,739 | 1.28 | ||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 3,649,629 | 905,223 | 4,554,852 | 41.66 | Total real estate – commercial mortgage | 3,885,984 | 663,053 | 4,549,037 | 45.39 | ||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 149,862 | 59,675 | 209,537 | 1.92 | Installment loans to individuals | 107,565 | 35,775 | 143,340 | 1.43 | ||||||||||||||||||||||||||||||||||||
Total loans, net of unearned income | Total loans, net of unearned income | $ | 9,419,540 | $ | 1,514,107 | $ | 10,933,647 | 100.00 | % | Total loans, net of unearned income | $ | 9,011,011 | $ | 1,009,903 | $ | 10,020,914 | 100.00 | % |
March 31, 2021 | December 31, 2020 | |||||||||||||||||||||
Balance | Balance | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Security repurchase agreements | Security repurchase agreements | $ | 12,154 | $ | 10,947 | Security repurchase agreements | $ | 11,279 | $ | 13,947 | ||||||||||||
Federal funds purchased | — | 10,393 | ||||||||||||||||||||
Short-term borrowings from the FHLB | Short-term borrowings from the FHLB | 100,000 | — | |||||||||||||||||||
$ | 111,279 | $ | 13,947 | |||||||||||||||||||
$ | 12,154 | $ | 21,340 |
March 31, 2021 | December 31, 2020 | |||||||||||||||||||||
Balance | Balance | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Long-term FHLB advances | Long-term FHLB advances | $ | 152,124 | $ | 152,167 | Long-term FHLB advances | $ | 408 | $ | 417 | ||||||||||||
Junior subordinated debentures | Junior subordinated debentures | 110,939 | 110,794 | Junior subordinated debentures | 111,518 | 111,373 | ||||||||||||||||
Subordinated notes | Subordinated notes | 204,597 | 212,009 | Subordinated notes | 323,490 | 359,419 | ||||||||||||||||
$ | 467,660 | $ | 474,970 | $ | 435,416 | $ | 471,209 |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | March 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||
Pre-tax | After-tax | Impact to Diluted EPS | Pre-tax | After-tax | Impact to Diluted EPS | |||||||||||||||||||||||||||||||||||||||||
MSR valuation adjustment | $ | (13,561) | $ | (10,497) | $ | (0.19) | $ | 9,571 | $ | 6,911 | $ | 0.12 | ||||||||||||||||||||||||||||||||||
Restructuring charges | 292 | 226 | 0.01 | — | — | — | ||||||||||||||||||||||||||||||||||||||||
COVID-19 related expenses | 785 | 608 | 0.01 | 2,903 | 2,096 | 0.04 | ||||||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Pre-tax | After-tax | Impact to Diluted EPS | Pre-tax | After-tax | Impact to Diluted EPS | |||||||||||||||||||||||||||||||||||||||||
Merger and conversion expenses | Merger and conversion expenses | $ | 687 | $ | 556 | $ | 0.01 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||
MSR valuation adjustment | MSR valuation adjustment | — | — | — | (13,561) | (10,497) | (0.19) | |||||||||||||||||||||||||||||||||||||||
Restructuring (benefit) charges | Restructuring (benefit) charges | (455) | (368) | (0.01) | 292 | 226 | 0.01 | |||||||||||||||||||||||||||||||||||||||
COVID-19 related expenses | COVID-19 related expenses | — | — | — | 785 | 608 | 0.01 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||||||||||||||
Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate | ||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||
Interest-earning assets: | |||||||||||||||||||||||||||||||||||
Loans held for investment: | |||||||||||||||||||||||||||||||||||
Non purchased | $ | 8,362,793 | $ | 81,928 | 3.97 | % | $ | 7,654,662 | $ | 88,554 | 4.65 | % | |||||||||||||||||||||||
Purchased | 1,454,637 | 20,457 | 5.69 | 2,032,623 | 30,187 | 5.97 | |||||||||||||||||||||||||||||
Paycheck Protection Program | 985,561 | 10,687 | 4.40 | — | — | — | |||||||||||||||||||||||||||||
Total loans held for investment | 10,802,991 | 113,072 | 4.24 | 9,687,285 | 118,741 | 4.93 | |||||||||||||||||||||||||||||
Loans held for sale | 406,397 | 2,999 | 2.96 | 336,829 | 2,988 | 3.57 | |||||||||||||||||||||||||||||
Securities: | |||||||||||||||||||||||||||||||||||
Taxable(1) | 1,065,779 | 4,840 | 1.82 | 1,067,274 | 7,289 | 2.75 | |||||||||||||||||||||||||||||
Tax-exempt | 306,344 | 2,284 | 2.98 | 225,601 | 2,058 | 3.67 | |||||||||||||||||||||||||||||
Interest-bearing balances with banks | 777,166 | 183 | 0.10 | 292,488 | 811 | 1.12 | |||||||||||||||||||||||||||||
Total interest-earning assets | 13,358,677 | 123,378 | 3.74 | 11,609,477 | 131,887 | 4.57 | |||||||||||||||||||||||||||||
Cash and due from banks | 205,830 | 186,317 | |||||||||||||||||||||||||||||||||
Intangible assets | 969,001 | 975,933 | |||||||||||||||||||||||||||||||||
Other assets | 670,183 | 700,823 | |||||||||||||||||||||||||||||||||
Total assets | $ | 15,203,691 | $ | 13,472,550 | |||||||||||||||||||||||||||||||
Liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||
Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||
Deposits: | |||||||||||||||||||||||||||||||||||
Interest-bearing demand(2) | $ | 5,906,230 | $ | 3,932 | 0.27 | % | $ | 4,939,757 | $ | 9,253 | 0.75 | % | |||||||||||||||||||||||
Savings deposits | 882,758 | 169 | 0.08 | 681,182 | 252 | 0.15 | |||||||||||||||||||||||||||||
Time deposits | 1,655,778 | 4,178 | 1.02 | 2,116,676 | 8,989 | 1.71 | |||||||||||||||||||||||||||||
Total interest-bearing deposits | 8,444,766 | 8,279 | 0.40 | 7,737,615 | 18,494 | 0.96 | |||||||||||||||||||||||||||||
Borrowed funds | 483,907 | 3,835 | 3.21 | 829,320 | 5,077 | 2.46 | |||||||||||||||||||||||||||||
Total interest-bearing liabilities | 8,928,673 | 12,114 | 0.55 | 8,566,935 | 23,571 | 1.11 | |||||||||||||||||||||||||||||
Noninterest-bearing deposits | 3,862,422 | 2,586,963 | |||||||||||||||||||||||||||||||||
Other liabilities | 240,171 | 213,509 | |||||||||||||||||||||||||||||||||
Shareholders’ equity | 2,172,425 | 2,105,143 | |||||||||||||||||||||||||||||||||
Total liabilities and shareholders’ equity | $ | 15,203,691 | $ | 13,472,550 | |||||||||||||||||||||||||||||||
Net interest income/net interest margin | $ | 111,264 | 3.37 | % | $ | 108,316 | 3.75 | % |
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2022 | 2021 | ||||||||||||||||||||||||||||||||||
Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate | ||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||
Interest-earning assets: | |||||||||||||||||||||||||||||||||||
Loans held for investment | 10,108,511 | 97,001 | 3.88 | 10,802,991 | 113,072 | 4.24 | |||||||||||||||||||||||||||||
Loans held for sale | 330,442 | 2,863 | 3.48 | 406,397 | 2,999 | 2.96 | |||||||||||||||||||||||||||||
Securities: | |||||||||||||||||||||||||||||||||||
Taxable | 2,499,822 | 8,782 | 1.41 | 1,065,779 | 4,840 | 1.82 | |||||||||||||||||||||||||||||
Tax-exempt(1) | 438,380 | 2,635 | 2.40 | 306,344 | 2,284 | 2.98 | |||||||||||||||||||||||||||||
Interest-bearing balances with banks | 1,463,991 | 664 | 0.18 | 777,166 | 183 | 0.10 | |||||||||||||||||||||||||||||
Total interest-earning assets | 14,841,146 | 111,945 | 3.05 | 13,358,677 | 123,378 | 3.74 | |||||||||||||||||||||||||||||
Cash and due from banks | 206,224 | 205,830 | |||||||||||||||||||||||||||||||||
Intangible assets | 965,430 | 969,001 | |||||||||||||||||||||||||||||||||
Other assets | 684,464 | 670,183 | |||||||||||||||||||||||||||||||||
Total assets | $ | 16,697,264 | $ | 15,203,691 | |||||||||||||||||||||||||||||||
Liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||
Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||
Deposits: | |||||||||||||||||||||||||||||||||||
Interest-bearing demand(2) | $ | 6,636,392 | $ | 3,647 | 0.22 | % | $ | 5,906,230 | $ | 3,932 | 0.27 | % | |||||||||||||||||||||||
Savings deposits | 1,097,560 | 139 | 0.05 | 882,758 | 169 | 0.08 | |||||||||||||||||||||||||||||
Time deposits | 1,374,722 | 1,851 | 0.55 | 1,655,778 | 4,178 | 1.02 | |||||||||||||||||||||||||||||
Total interest-bearing deposits | 9,108,674 | 5,637 | 0.25 | 8,444,766 | 8,279 | 0.40 | |||||||||||||||||||||||||||||
Borrowed funds | 485,777 | 4,925 | 4.08 | 483,907 | 3,835 | 3.21 | |||||||||||||||||||||||||||||
Total interest-bearing liabilities | 9,594,451 | 10,562 | 0.44 | 8,928,673 | 12,114 | 0.55 | |||||||||||||||||||||||||||||
Noninterest-bearing deposits | 4,651,793 | 3,862,422 | |||||||||||||||||||||||||||||||||
Other liabilities | 201,353 | 240,171 | |||||||||||||||||||||||||||||||||
Shareholders’ equity | 2,249,667 | 2,172,425 | |||||||||||||||||||||||||||||||||
Total liabilities and shareholders’ equity | $ | 16,697,264 | $ | 15,203,691 | |||||||||||||||||||||||||||||||
Net interest income/net interest margin | $ | 101,383 | 2.76 | % | $ | 111,264 | 3.37 | % |
Three Months Ended March 31, 2021 Compared to the Three Months Ended March 31, 2020 | ||||||||||||||||||||||||||||||||||
Volume | Rate | Net | ||||||||||||||||||||||||||||||||
Interest income: | ||||||||||||||||||||||||||||||||||
Loans held for investment: | ||||||||||||||||||||||||||||||||||
Non purchased | $ | 7,496 | $ | (14,122) | $ | (6,626) | ||||||||||||||||||||||||||||
Purchased | (8,319) | (1,411) | (9,730) | |||||||||||||||||||||||||||||||
Paycheck Protection Program | 10,687 | — | 10,687 | |||||||||||||||||||||||||||||||
Loans held for sale | 565 | (554) | 11 | |||||||||||||||||||||||||||||||
Securities: | ||||||||||||||||||||||||||||||||||
Taxable | (10) | (2,439) | (2,449) | |||||||||||||||||||||||||||||||
Tax-exempt | 654 | (428) | 226 | |||||||||||||||||||||||||||||||
Interest-bearing balances with banks | 551 | (1,179) | (628) | |||||||||||||||||||||||||||||||
Total interest-earning assets | 11,624 | (20,133) | (8,509) | |||||||||||||||||||||||||||||||
Interest expense: | ||||||||||||||||||||||||||||||||||
Interest-bearing demand deposits | 1,531 | (6,852) | (5,321) | |||||||||||||||||||||||||||||||
Savings deposits | 61 | (144) | (83) | |||||||||||||||||||||||||||||||
Time deposits | (1,694) | (3,117) | (4,811) | |||||||||||||||||||||||||||||||
Borrowed funds | (2,505) | 1,263 | (1,242) | |||||||||||||||||||||||||||||||
Total interest-bearing liabilities | (2,607) | (8,850) | (11,457) | |||||||||||||||||||||||||||||||
Change in net interest income | $ | 14,231 | $ | (11,283) | $ | 2,948 | ||||||||||||||||||||||||||||
Three months ended March 31, 2022 Compared to the Three Months Ended March 31, 2021 | ||||||||||||||||||||||||||||||||||
Volume | Rate | Net | ||||||||||||||||||||||||||||||||
Interest income: | Interest income: | |||||||||||||||||||||||||||||||||
Loans held for investment | Loans held for investment | (6,966) | (9,105) | (16,071) | ||||||||||||||||||||||||||||||
Loans held for sale | Loans held for sale | (606) | 470 | (136) | ||||||||||||||||||||||||||||||
Securities: | Securities: | |||||||||||||||||||||||||||||||||
Taxable | Taxable | 5,224 | (1,282) | 3,942 | ||||||||||||||||||||||||||||||
Tax-exempt | Tax-exempt | 844 | (493) | 351 | ||||||||||||||||||||||||||||||
Interest-bearing balances with banks | Interest-bearing balances with banks | 235 | 246 | 481 | ||||||||||||||||||||||||||||||
Total interest-earning assets | Total interest-earning assets | (1,269) | (10,164) | (11,433) | ||||||||||||||||||||||||||||||
Interest expense: | Interest expense: | |||||||||||||||||||||||||||||||||
Interest-bearing demand deposits | Interest-bearing demand deposits | 451 | (736) | (285) | ||||||||||||||||||||||||||||||
Savings deposits | Savings deposits | 35 | (65) | (30) | ||||||||||||||||||||||||||||||
Time deposits | Time deposits | (621) | (1,706) | (2,327) | ||||||||||||||||||||||||||||||
Borrowed funds | Borrowed funds | 15 | 1,075 | 1,090 | ||||||||||||||||||||||||||||||
Total interest-bearing liabilities | Total interest-bearing liabilities | (120) | (1,432) | (1,552) | ||||||||||||||||||||||||||||||
Change in net interest income | Change in net interest income | $ | (1,149) | $ | (8,732) | $ | (9,881) |
Percentage of Total Average Earning Assets | Yield | Percentage of Total Average Earning Assets | Yield | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Loans held for investment, excl. PPP | Loans held for investment, excl. PPP | 73.49 | % | 83.44 | % | 4.22 | % | 4.93 | % | Loans held for investment, excl. PPP | 67.84 | % | 73.49 | % | 3.88 | % | 4.22 | % | ||||||||||||||||||||||||||||
Paycheck Protection Program | Paycheck Protection Program | 7.38 | — | 4.40 | — | Paycheck Protection Program | 0.27 | 7.38 | 6.36 | 4.40 | ||||||||||||||||||||||||||||||||||||
Loans held for sale | Loans held for sale | 3.04 | 2.90 | 2.96 | 3.57 | Loans held for sale | 2.23 | 3.04 | 3.48 | 2.96 | ||||||||||||||||||||||||||||||||||||
Securities | Securities | 10.27 | 11.14 | 2.08 | 2.91 | Securities | 19.80 | 10.27 | 1.55 | 2.08 | ||||||||||||||||||||||||||||||||||||
Other | Other | 5.82 | 2.52 | 0.10 | 1.12 | Other | 9.86 | 5.82 | 0.18 | 0.10 | ||||||||||||||||||||||||||||||||||||
Total earning assets | Total earning assets | 100.00 | % | 100.00 | % | 3.74 | % | 4.57 | % | Total earning assets | 100.00 | % | 100.00 | % | 3.05 | % | 3.74 | % |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Net interest income collected on problem loans | Net interest income collected on problem loans | $ | 2,180 | $ | 218 | Net interest income collected on problem loans | $ | 434 | $ | 2,180 | ||||||||||||||||||||||||||||||||||||
Accretable yield recognized on purchased loans(1) | Accretable yield recognized on purchased loans(1) | 3,088 | 5,469 | Accretable yield recognized on purchased loans(1) | 1,235 | 3,088 | ||||||||||||||||||||||||||||||||||||||||
Total impact to interest income on loans | Total impact to interest income on loans | $ | 5,268 | $ | 5,687 | Total impact to interest income on loans | $ | 1,669 | $ | 5,268 | ||||||||||||||||||||||||||||||||||||
Impact to loan yield | Impact to loan yield | 0.20 | % | 0.24 | % | Impact to loan yield | 0.07 | % | 0.20 | % | ||||||||||||||||||||||||||||||||||||
Impact to net interest margin | Impact to net interest margin | 0.16 | % | 0.20 | % | Impact to net interest margin | 0.05 | % | 0.16 | % |
Percentage of Total Average Deposits and Borrowed Funds | Cost of Funds | Percentage of Total Average Deposits and Borrowed Funds | Cost of Funds | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Noninterest-bearing demand | Noninterest-bearing demand | 30.20 | % | 23.19 | % | — | % | — | % | Noninterest-bearing demand | 32.65 | % | 30.20 | % | — | % | — | % | ||||||||||||||||||||||||||||
Interest-bearing demand | Interest-bearing demand | 46.18 | 44.29 | 0.27 | 0.75 | Interest-bearing demand | 46.59 | 46.18 | 0.22 | 0.27 | ||||||||||||||||||||||||||||||||||||
Savings | Savings | 6.90 | 6.11 | 0.08 | 0.15 | Savings | 7.70 | 6.90 | 0.05 | 0.08 | ||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 12.94 | 18.98 | 1.02 | 1.71 | Time deposits | 9.65 | 12.94 | 0.55 | 1.02 | ||||||||||||||||||||||||||||||||||||
Short term borrowings | Short term borrowings | 0.10 | 4.06 | 0.31 | 1.44 | Short term borrowings | 0.19 | 0.10 | 0.48 | 0.31 | ||||||||||||||||||||||||||||||||||||
Long-term Federal Home Loan Bank advances | Long-term Federal Home Loan Bank advances | 1.19 | 1.37 | 0.05 | 1.42 | Long-term Federal Home Loan Bank advances | 0.01 | 1.19 | 1.86 | 0.05 | ||||||||||||||||||||||||||||||||||||
Subordinated notes | Subordinated notes | 1.63 | 1.01 | 5.15 | 5.59 | Subordinated notes | 2.43 | 1.63 | 4.26 | 5.15 | ||||||||||||||||||||||||||||||||||||
Other borrowed funds | Other borrowed funds | 0.86 | 0.99 | 4.24 | 4.85 | Other borrowed funds | 0.78 | 0.86 | 4.41 | 4.24 | ||||||||||||||||||||||||||||||||||||
Total deposits and borrowed funds | Total deposits and borrowed funds | 100.00 | % | 100.00 | % | 0.38 | % | 0.85 | % | Total deposits and borrowed funds | 100.00 | % | 100.00 | % | 0.30 | % | 0.38 | % |
Noninterest Income to Average Assets | ||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||
2.16% | 1.13% |
Noninterest Income to Average Assets | ||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||
0.91% | 2.16% |
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Gain on sales of loans, net | Gain on sales of loans, net | $ | 33,901 | $ | 21,782 | Gain on sales of loans, net | $ | 6,047 | $ | 33,901 | ||||||||||||||||||||||||||||||||||||
Fees, net | Fees, net | 4,902 | 2,919 | Fees, net | 3,053 | 4,902 | ||||||||||||||||||||||||||||||||||||||||
Mortgage servicing (loss) income, net | (1,631) | 405 | ||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing loss (gain), net | Mortgage servicing loss (gain), net | 533 | (1,631) | |||||||||||||||||||||||||||||||||||||||||||
MSR valuation adjustment | MSR valuation adjustment | 13,561 | (9,571) | MSR valuation adjustment | — | 13,561 | ||||||||||||||||||||||||||||||||||||||||
Mortgage banking income, net | Mortgage banking income, net | $ | 50,733 | $ | 15,535 | Mortgage banking income, net | $ | 9,633 | $ | 50,733 |
Noninterest Expense to Average Assets | ||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||
3.09% | 3.46% |
Noninterest Expense to Average Assets | ||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||
2.29% | 3.09% |
Efficiency Ratio | Efficiency Ratio | |||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Efficiency ratio (GAAP) | Efficiency ratio (GAAP) | 60.29 | % | 78.86 | % | Efficiency ratio (GAAP) | 67.78 | % | 60.29 | % | ||||||||||||||||||||||||||||||||||||
Adjusted efficiency ratio (Non-GAAP)(1) | Adjusted efficiency ratio (Non-GAAP)(1) | 63.85 | % | 68.73 | % | Adjusted efficiency ratio (Non-GAAP)(1) | 67.02 | % | 63.85 | % |
March 31, 2021 | December 31, 2020 | March 31, 2020 | March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance | % of Total | Balance | % of Total | Balance | % of Total | Balance | % of Total | Balance | % of Total | Balance | % of Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 37,592 | 21.04 | % | $ | 39,031 | 23.20 | % | $ | 25,937 | 14.58 | % | Commercial, financial, agricultural | $ | 33,606 | 14.02 | % | $ | 33,922 | 14.20 | % | $ | 37,592 | 21.04 | % | ||||||||||||||||||||||||||||||||||||||||||||
Lease financing | Lease financing | 1,546 | 0.70 | % | 1,624 | 0.69 | % | 1,588 | 0.87 | % | Lease financing | 1,582 | 0.87 | % | 1,486 | 0.76 | % | 1,546 | 0.70 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – construction | Real estate – construction | 14,977 | 8.94 | % | 16,047 | 7.85 | % | 10,924 | 8.07 | % | Real estate – construction | 18,411 | 11.85 | % | 16,419 | 11.03 | % | 14,977 | 8.94 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage | Real estate – 1-4 family mortgage | 31,694 | 25.13 | % | 32,165 | 24.68 | % | 27,320 | 29.13 | % | Real estate – 1-4 family mortgage | 36,848 | 27.54 | % | 32,356 | 27.19 | % | 31,694 | 25.13 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage | Real estate – commercial mortgage | 76,225 | 42.57 | % | 76,127 | 41.66 | % | 44,237 | 44.10 | % | Real estate – commercial mortgage | 65,231 | 44.39 | % | 68,940 | 45.39 | % | 76,225 | 42.57 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 11,072 | 1.62 | % | 11,150 | 1.92 | % | 10,179 | 3.25 | % | Installment loans to individuals | 10,790 | 1.33 | % | 11,048 | 1.43 | % | 11,072 | 1.62 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 173,106 | 100.00 | % | $ | 176,144 | 100.00 | % | $ | 120,185 | 100.00 | % | Total | $ | 166,468 | 100.00 | % | $ | 164,171 | 100.00 | % | $ | 173,106 | 100.00 | % |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | Balance at beginning of period | $ | 176,144 | $ | 52,162 | Balance at beginning of period | $ | 164,171 | $ | 176,144 | ||||||||||||||||||||||||||||||||||||
Impact of the adoption of ASC 326 | — | 42,484 | ||||||||||||||||||||||||||||||||||||||||||||
Impact of PCD loans acquired during the period | Impact of PCD loans acquired during the period | 1,648 | — | |||||||||||||||||||||||||||||||||||||||||||
Charge-offs | Charge-offs | Charge-offs | ||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | 3,498 | 393 | Commercial, financial, agricultural | 2,102 | 3,498 | ||||||||||||||||||||||||||||||||||||||||
Lease financing | Lease financing | — | — | Lease financing | 7 | — | ||||||||||||||||||||||||||||||||||||||||
Real estate – construction | Real estate – construction | 52 | — | Real estate – construction | — | 52 | ||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage | Real estate – 1-4 family mortgage | 101 | 221 | Real estate – 1-4 family mortgage | 163 | 101 | ||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage | Real estate – commercial mortgage | 61 | 2,047 | Real estate – commercial mortgage | 6 | 61 | ||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 1,658 | 2,688 | Installment loans to individuals | 779 | 1,658 | ||||||||||||||||||||||||||||||||||||||||
Total charge-offs | Total charge-offs | 5,370 | 5,349 | Total charge-offs | 3,057 | 5,370 | ||||||||||||||||||||||||||||||||||||||||
Recoveries | Recoveries | Recoveries | ||||||||||||||||||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | 289 | 190 | Commercial, financial, agricultural | 1,136 | 289 | ||||||||||||||||||||||||||||||||||||||||
Lease financing | Lease financing | 11 | 5 | Lease financing | 12 | 11 | ||||||||||||||||||||||||||||||||||||||||
Real estate – construction | Real estate – construction | 13 | — | Real estate – construction | — | 13 | ||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage | Real estate – 1-4 family mortgage | 261 | 88 | Real estate – 1-4 family mortgage | 178 | 261 | ||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage | Real estate – commercial mortgage | 171 | 1,699 | Real estate – commercial mortgage | 155 | 171 | ||||||||||||||||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 1,587 | 2,556 | Installment loans to individuals | 725 | 1,587 | ||||||||||||||||||||||||||||||||||||||||
Total recoveries | Total recoveries | 2,332 | 4,538 | Total recoveries | 2,206 | 2,332 | ||||||||||||||||||||||||||||||||||||||||
Net charge-offs | Net charge-offs | 3,038 | 811 | Net charge-offs | 851 | 3,038 | ||||||||||||||||||||||||||||||||||||||||
Provision for credit losses on loans | Provision for credit losses on loans | — | 26,350 | Provision for credit losses on loans | 1,500 | — | ||||||||||||||||||||||||||||||||||||||||
Balance at end of period | Balance at end of period | $ | 173,106 | $ | 120,185 | Balance at end of period | $ | 166,468 | $ | 173,106 | ||||||||||||||||||||||||||||||||||||
Net charge-offs (annualized) to average loans | Net charge-offs (annualized) to average loans | 0.11 | % | 0.03 | % | Net charge-offs (annualized) to average loans | 0.03 | % | 0.11 | % | ||||||||||||||||||||||||||||||||||||
Net charge-offs to allowance for credit losses on loans | Net charge-offs to allowance for credit losses on loans | Net charge-offs to allowance for credit losses on loans | 0.51 | % | 1.75 | % | ||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses on loans to: | Allowance for credit losses on loans to: | Allowance for credit losses on loans to: | ||||||||||||||||||||||||||||||||||||||||||||
Total loans | Total loans | 1.62 | % | 1.23 | % | Total loans | 1.61 | % | 1.62 | % | ||||||||||||||||||||||||||||||||||||
Total loans excluding PPP loans(1) | Total loans excluding PPP loans(1) | 1.76 | % | 1.23 | % | Total loans excluding PPP loans(1) | 1.62 | % | 1.76 | % | ||||||||||||||||||||||||||||||||||||
Nonperforming loans | Nonperforming loans | 308.54 | % | 240.19 | % | Nonperforming loans | 318.65 | % | 308.54 | % | ||||||||||||||||||||||||||||||||||||
Nonaccrual loans | Nonaccrual loans | 322.11 | % | 296.94 | % | Nonaccrual loans | 320.16 | % | 322.11 | % |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||
March 31, 2021 | March 31, 2020 | March 31, 2022 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||
Net Charge-offs | Average Loans | Annualized Net Charge-offs to Average Loans | Net Charge-offs | Average Loans | Annualized Net Charge-offs to Average Loans | Net Charge-offs | Average Loans | Annualized Net Charge-offs to Average Loans | Net Charge-offs | Average Loans | Annualized Net Charge-offs to Average Loans | |||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 3,209 | $ | 2,382,454 | 0.55% | $ | 203 | $ | 1,377,156 | 0.06% | Commercial, financial, agricultural | $ | 966 | $ | 1,424,565 | 0.28% | $ | 3,209 | $ | 2,382,454 | 0.55% | ||||||||||||||||||
Lease financing | Lease financing | (11) | 75,429 | (0.06) | (5) | 82,709 | (0.02) | Lease financing | (5) | 84,681 | (0.02) | (11) | 75,249 | (0.06) | ||||||||||||||||||||||||||
Real estate – construction | Real estate – construction | 39 | 921,803 | 0.02 | — | 829,211 | — | Real estate – construction | — | 1,107,529 | — | 39 | 921,803 | 0.02 | ||||||||||||||||||||||||||
Real estate – 1-4 family mortgage | Real estate – 1-4 family mortgage | (160) | 2,674,824 | (0.02) | 133 | 2,847,187 | 0.02 | Real estate – 1-4 family mortgage | (15) | 2,810,988 | — | (160) | 2,674,824 | (0.02) | ||||||||||||||||||||||||||
Real estate – commercial mortgage | Real estate – commercial mortgage | (110) | 4,558,003 | (0.01) | 348 | 4,236,561 | 0.03 | Real estate – commercial mortgage | (149) | 4,540,731 | (0.01) | (110) | 4,558,003 | (0.01) | ||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 71 | 190,478 | 0.15 | 132 | 314,461 | 0.17 | Installment loans to individuals | 54 | 140,017 | 0.16 | 71 | 190,478 | 0.15 | ||||||||||||||||||||||||||
Total | Total | $ | 3,038 | $ | 10,802,991 | 0.11% | $ | 811 | $ | 9,687,285 | 0.03% | Total | $ | 851 | $ | 10,108,511 | 0.03% | $ | 3,038 | $ | 10,802,811 | 0.11% |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||
Real estate – construction: | Real estate – construction: | Real estate – construction: | ||||||||||||||||||||||||||||||||||||||||||||
Residential | Residential | $ | 39 | $ | — | Residential | $ | — | $ | 39 | ||||||||||||||||||||||||||||||||||||
Total real estate – construction | Total real estate – construction | 39 | — | Total real estate – construction | — | 39 | ||||||||||||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Primary | Primary | (79) | 151 | Primary | 62 | (79) | ||||||||||||||||||||||||||||||||||||||||
Home equity | Home equity | (93) | (11) | Home equity | 22 | (93) | ||||||||||||||||||||||||||||||||||||||||
Rental/investment | Rental/investment | 34 | 28 | Rental/investment | (2) | 34 | ||||||||||||||||||||||||||||||||||||||||
Land development | Land development | (22) | (35) | Land development | (97) | (22) | ||||||||||||||||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | (160) | 133 | Total real estate – 1-4 family mortgage | (15) | (160) | ||||||||||||||||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | (159) | 1,443 | Owner-occupied | (149) | (159) | ||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 25 | (1,118) | Non-owner occupied | — | 25 | ||||||||||||||||||||||||||||||||||||||||
Land development | Land development | 24 | 23 | Land development | — | 24 | ||||||||||||||||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | (110) | 348 | Total real estate – commercial mortgage | (149) | (110) | ||||||||||||||||||||||||||||||||||||||||
Total net charge-offs of loans secured by real estate | Total net charge-offs of loans secured by real estate | $ | (231) | $ | 481 | Total net charge-offs of loans secured by real estate | $ | (164) | $ | (231) |
Three Months Ended | |||||||||||||||||||
March 31, | |||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | 2022 | 2021 | ||||||||||||||||
Allowance for credit losses on unfunded loan commitments: | Allowance for credit losses on unfunded loan commitments: | ||||||||||||||||||
Beginning balance | Beginning balance | $ | 20,035 | $ | 20,535 | ||||||||||||||
2021 | 2020 | ||||||||||||||||||
Beginning balance | $ | 20,535 | $ | 946 | |||||||||||||||
Impact of the adoption of ASC 326 | — | 10,389 | |||||||||||||||||
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) | — | 3,400 | |||||||||||||||||
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) | (Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) | (550) | — | ||||||||||||||||
Ending balance | Ending balance | $ | 20,535 | $ | 14,735 | Ending balance | $ | 19,485 | $ | 20,535 |
Non Purchased | Purchased | Total | Non Purchased | Purchased | Total | |||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||
Nonaccruing loans | Nonaccruing loans | $ | 24,794 | $ | 28,947 | $ | 53,741 | Nonaccruing loans | $ | 32,573 | $ | 19,422 | $ | 51,995 | ||||||||||||||||||||
Accruing loans past due 90 days or more | Accruing loans past due 90 days or more | 2,235 | 129 | 2,364 | Accruing loans past due 90 days or more | 209 | 38 | 247 | ||||||||||||||||||||||||||
Total nonperforming loans | Total nonperforming loans | 27,029 | 29,076 | 56,105 | Total nonperforming loans | 32,782 | 19,460 | 52,242 | ||||||||||||||||||||||||||
Other real estate owned | Other real estate owned | 2,292 | 3,679 | 5,971 | Other real estate owned | 531 | 1,531 | 2,062 | ||||||||||||||||||||||||||
Total nonperforming assets | Total nonperforming assets | $ | 29,321 | $ | 32,755 | $ | 62,076 | Total nonperforming assets | $ | 33,313 | $ | 20,991 | $ | 54,304 | ||||||||||||||||||||
Nonperforming loans to total loans | Nonperforming loans to total loans | 0.52 | % | Nonperforming loans to total loans | 0.51 | % | ||||||||||||||||||||||||||||
Nonaccruing loans to total loans | Nonaccruing loans to total loans | 0.50 | % | Nonaccruing loans to total loans | 0.50 | % | ||||||||||||||||||||||||||||
Nonperforming assets to total assets | Nonperforming assets to total assets | 0.40 | % | Nonperforming assets to total assets | 0.32 | % | ||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||
Nonaccruing loans | Nonaccruing loans | $ | 20,369 | $ | 31,051 | $ | 51,420 | Nonaccruing loans | $ | 30,751 | $ | 18,613 | $ | 49,364 | ||||||||||||||||||||
Accruing loans past due 90 days or more | Accruing loans past due 90 days or more | 3,783 | 267 | 4,050 | Accruing loans past due 90 days or more | 1,074 | 367 | 1,441 | ||||||||||||||||||||||||||
Total nonperforming loans | Total nonperforming loans | 24,152 | 31,318 | 55,470 | Total nonperforming loans | 31,825 | 18,980 | 50,805 | ||||||||||||||||||||||||||
Other real estate owned | Other real estate owned | 2,045 | 3,927 | 5,972 | Other real estate owned | 951 | 1,589 | 2,540 | ||||||||||||||||||||||||||
Total nonperforming assets | Total nonperforming assets | $ | 26,197 | $ | 35,245 | $ | 61,442 | Total nonperforming assets | $ | 32,776 | $ | 20,569 | $ | 53,345 | ||||||||||||||||||||
Nonperforming loans to total loans | Nonperforming loans to total loans | 0.51 | % | Nonperforming loans to total loans | 0.51 | % | ||||||||||||||||||||||||||||
Nonaccruing loans to total loans | Nonaccruing loans to total loans | 0.47 | % | Nonaccruing loans to total loans | 0.49 | % | ||||||||||||||||||||||||||||
Nonperforming assets to total assets | Nonperforming assets to total assets | 0.41 | % | Nonperforming assets to total assets | 0.32 | % |
March 31, 2021 | December 31, 2020 | March 31, 2020 | March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||
Commercial, financial, agricultural | Commercial, financial, agricultural | $ | 15,992 | $ | 16,668 | $ | 13,615 | Commercial, financial, agricultural | $ | 13,177 | $ | 13,131 | $ | 15,992 | ||||||||||||||||||||
Lease financing | Lease financing | — | 48 | 277 | Lease financing | — | 11 | — | ||||||||||||||||||||||||||
Real estate – construction: | ||||||||||||||||||||||||||||||||||
Residential | — | 497 | 3,012 | |||||||||||||||||||||||||||||||
Commercial | — | — | — | |||||||||||||||||||||||||||||||
Total real estate – construction | — | 497 | 3,012 | |||||||||||||||||||||||||||||||
Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | Real estate – 1-4 family mortgage: | ||||||||||||||||||||||||||||||||
Primary | Primary | 16,275 | 16,317 | 16,078 | Primary | 20,331 | 19,533 | 16,275 | ||||||||||||||||||||||||||
Home equity | Home equity | 2,436 | 2,273 | 2,819 | Home equity | 2,233 | 1,719 | 2,436 | ||||||||||||||||||||||||||
Rental/investment | Rental/investment | 1,168 | 1,526 | 1,408 | Rental/investment | 878 | 1,595 | 1,168 | ||||||||||||||||||||||||||
Land development | Land development | 85 | 345 | 407 | Land development | 521 | 257 | 85 | ||||||||||||||||||||||||||
Total real estate – 1-4 family mortgage | Total real estate – 1-4 family mortgage | 19,964 | 20,461 | 20,712 | Total real estate – 1-4 family mortgage | 23,963 | 23,104 | 19,964 | ||||||||||||||||||||||||||
Real estate – commercial mortgage: | Real estate – commercial mortgage: | Real estate – commercial mortgage: | ||||||||||||||||||||||||||||||||
Owner-occupied | Owner-occupied | 4,923 | 6,364 | 9,226 | Owner-occupied | 5,700 | 5,039 | 4,923 | ||||||||||||||||||||||||||
Non-owner occupied | Non-owner occupied | 13,998 | 10,204 | 1,929 | Non-owner occupied | 8,558 | 8,535 | 13,998 | ||||||||||||||||||||||||||
Land development | Land development | 566 | 572 | 673 | Land development | 485 | 470 | 566 | ||||||||||||||||||||||||||
Total real estate – commercial mortgage | Total real estate – commercial mortgage | 19,487 | 17,140 | 11,828 | Total real estate – commercial mortgage | 14,743 | 14,044 | 19,487 | ||||||||||||||||||||||||||
Installment loans to individuals | Installment loans to individuals | 662 | 656 | 593 | Installment loans to individuals | 359 | 515 | 662 | ||||||||||||||||||||||||||
Total nonperforming loans | Total nonperforming loans | $ | 56,105 | $ | 55,470 | $ | 50,037 | Total nonperforming loans | $ | 52,242 | $ | 50,805 | $ | 56,105 |
March 31, 2021 | December 31, 2020 | March 31, 2020 | |||||||||||||||
Commercial, financial, agricultural | $ | 2,639 | $ | 2,326 | $ | 1,411 | |||||||||||
Real estate – 1-4 family mortgage: | |||||||||||||||||
Primary | 8,363 | 9,460 | 6,853 | ||||||||||||||
Home equity | 331 | 332 | 212 | ||||||||||||||
Rental/investment | 427 | 432 | 587 | ||||||||||||||
Total real estate – 1-4 family mortgage | 9,121 | 10,224 | 7,652 | ||||||||||||||
Real estate – commercial mortgage: | |||||||||||||||||
Owner-occupied | 6,757 | 6,838 | 1,398 | ||||||||||||||
Non-owner occupied | 1,595 | 797 | 520 | ||||||||||||||
Land development | 179 | 183 | — | ||||||||||||||
Total real estate – commercial mortgage | 8,531 | 7,818 | 1,918 | ||||||||||||||
Installment loans to individuals | 79 | 80 | 58 | ||||||||||||||
Total restructured loans in compliance with modified terms | $ | 20,370 | $ | 20,448 | $ | 11,039 |
March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||
Commercial, financial, agricultural | $ | 774 | $ | 967 | $ | 2,639 | |||||||||||
Real estate – 1-4 family mortgage: | |||||||||||||||||
Primary | 12,196 | 11,750 | 8,363 | ||||||||||||||
Home equity | 191 | 298 | 331 | ||||||||||||||
Rental/investment | 344 | 350 | 427 | ||||||||||||||
Land development | 94 | — | — | ||||||||||||||
Total real estate – 1-4 family mortgage | 12,825 | 12,398 | 9,121 | ||||||||||||||
Real estate – commercial mortgage: | |||||||||||||||||
Owner-occupied | 3,667 | 5,407 | 6,757 | ||||||||||||||
Non-owner occupied | 7,911 | 1,341 | 1,595 | ||||||||||||||
Land development | 74 | 75 | 179 | ||||||||||||||
Total real estate – commercial mortgage | 11,652 | 6,823 | 8,531 | ||||||||||||||
Installment loans to individuals | 69 | 71 | 79 | ||||||||||||||
Total restructured loans in compliance with modified terms | $ | 25,320 | $ | 20,259 | $ | 20,370 |
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Balance at January 1, | Balance at January 1, | $ | 20,448 | $ | 11,954 | Balance at January 1, | $ | 20,259 | $ | 20,448 | ||||||||||||
Additional advances or loans with concessions | Additional advances or loans with concessions | 1,621 | 1,574 | Additional advances or loans with concessions | 7,513 | 1,621 | ||||||||||||||||
Reclassified as performing restructured loan | Reclassified as performing restructured loan | — | 58 | Reclassified as performing restructured loan | 302 | — | ||||||||||||||||
Reductions due to: | Reductions due to: | Reductions due to: | ||||||||||||||||||||
Reclassified as nonperforming | Reclassified as nonperforming | (1,495) | (2,449) | Reclassified as nonperforming | (493) | (1,495) | ||||||||||||||||
Paid in full | Paid in full | — | (34) | Paid in full | (2,126) | — | ||||||||||||||||
Charge-offs | — | (3) | ||||||||||||||||||||
Paydowns | Paydowns | (204) | (61) | Paydowns | (135) | (204) | ||||||||||||||||
Balance at March 31, | Balance at March 31, | $ | 20,370 | $ | 11,039 | Balance at March 31, | $ | 25,320 | $ | 20,370 |
March 31, 2021 | December 31, 2020 | March 31, 2020 | March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||
Nonaccruing loans | Nonaccruing loans | $ | 53,741 | $ | 51,420 | $ | 40,474 | Nonaccruing loans | $ | 51,995 | $ | 49,364 | $ | 53,741 | ||||||||||||||||||||
Accruing loans past due 90 days or more | Accruing loans past due 90 days or more | 2,364 | 4,050 | 9,563 | Accruing loans past due 90 days or more | 247 | 1,441 | 2,364 | ||||||||||||||||||||||||||
Total nonperforming loans | Total nonperforming loans | 56,105 | 55,470 | 50,037 | Total nonperforming loans | 52,242 | 50,805 | 56,105 | ||||||||||||||||||||||||||
Restructured loans in compliance with modified terms | Restructured loans in compliance with modified terms | 20,370 | 20,448 | 11,039 | Restructured loans in compliance with modified terms | 25,320 | 20,259 | 20,370 | ||||||||||||||||||||||||||
Total nonperforming and restructured loans | Total nonperforming and restructured loans | $ | 76,475 | $ | 75,918 | $ | 61,076 | Total nonperforming and restructured loans | $ | 77,562 | $ | 71,064 | $ | 76,475 |
March 31, 2021 | December 31, 2020 | March 31, 2020 | |||||||||||||||
Residential real estate | $ | 484 | $ | 179 | $ | 1,661 | |||||||||||
Commercial real estate | 3,109 | 2,665 | 3,411 | ||||||||||||||
Residential land development | 341 | 1,013 | 959 | ||||||||||||||
Commercial land development | 2,037 | 2,115 | 2,640 | ||||||||||||||
Total other real estate owned | $ | 5,971 | $ | 5,972 | $ | 8,671 |
March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||
Residential real estate | $ | 376 | $ | 259 | $ | 484 | |||||||||||
Commercial real estate | 175 | 761 | 3,109 | ||||||||||||||
Residential land development | 295 | 305 | 341 | ||||||||||||||
Commercial land development | 1,216 | 1,215 | 2,037 | ||||||||||||||
Total other real estate owned | $ | 2,062 | $ | 2,540 | $ | 5,971 |
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Balance at January 1, | Balance at January 1, | $ | 5,972 | $ | 8,010 | Balance at January 1, | $ | 2,540 | $ | 5,972 | ||||||||||||
Transfers of loans | Transfers of loans | 2,039 | 1,640 | Transfers of loans | 200 | 2,039 | ||||||||||||||||
Impairments | Impairments | (70) | (197) | Impairments | (14) | (70) | ||||||||||||||||
Dispositions | Dispositions | (1,906) | (782) | Dispositions | (665) | (1,906) | ||||||||||||||||
Other | Other | (64) | — | Other | 1 | (64) | ||||||||||||||||
Balance at March 31, | Balance at March 31, | $ | 5,971 | $ | 8,671 | Balance at March 31, | $ | 2,062 | $ | 5,971 |
Percentage Change In: | ||||||||||||||||||||
Immediate Change in Rates of (in basis points): | Economic Value Equity (EVE) | Earning at Risk (Net Interest Income) | ||||||||||||||||||
Static | 1-12 Months | 13-24 Months | ||||||||||||||||||
+200 | 17.75% | 18.52% | 25.83% | |||||||||||||||||
+100 | 9.79% | 9.25% | 13.19% | |||||||||||||||||
Percentage Change In: | ||||||||||||||||||||
Immediate Change in Rates of (in basis points): | Economic Value Equity (EVE) | Earning at Risk (Net Interest Income) | ||||||||||||||||||
Static | 1-12 Months | 13-24 Months | ||||||||||||||||||
+400 | 12.17% | 31.70% | 38.29% | |||||||||||||||||
+300 | 9.78% | 23.94% | 28.87% | |||||||||||||||||
+200 | 7.21% | 16.14% | 19.58% | |||||||||||||||||
+100 | 4.26% | 8.20% | 10.21% | |||||||||||||||||
Percentage of Total Average Deposits and Borrowed Funds | Cost of Funds | Percentage of Total Average Deposits and Borrowed Funds | Cost of Funds | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||
March 31, | March 31, | March 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Noninterest-bearing demand | Noninterest-bearing demand | 30.20 | % | 23.19 | % | — | % | — | % | Noninterest-bearing demand | 32.65 | % | 30.20 | % | — | % | — | % | ||||||||||||||||||||||||||||
Interest-bearing demand | Interest-bearing demand | 46.17 | 44.29 | 0.27 | 0.75 | Interest-bearing demand | 46.59 | 46.17 | 0.22 | 0.27 | ||||||||||||||||||||||||||||||||||||
Savings | Savings | 6.90 | 6.11 | 0.08 | 0.15 | Savings | 7.70 | 6.90 | 0.05 | 0.08 | ||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 12.94 | 18.98 | 1.02 | 1.71 | Time deposits | 9.65 | 12.94 | 0.55 | 1.02 | ||||||||||||||||||||||||||||||||||||
Short-term borrowings | Short-term borrowings | 0.10 | 4.06 | 0.31 | 1.44 | Short-term borrowings | 0.19 | 0.10 | 0.48 | 0.31 | ||||||||||||||||||||||||||||||||||||
Long-term Federal Home Loan Bank advances | Long-term Federal Home Loan Bank advances | 1.19 | 1.37 | 0.05 | 1.42 | Long-term Federal Home Loan Bank advances | 0.01 | 1.19 | 1.86 | 0.05 | ||||||||||||||||||||||||||||||||||||
Subordinated notes | Subordinated notes | 1.63 | 1.01 | 5.15 | 5.59 | Subordinated notes | 2.43 | 1.63 | 4.26 | 5.15 | ||||||||||||||||||||||||||||||||||||
Other borrowed funds | Other borrowed funds | 0.87 | 0.99 | 4.24 | 4.85 | Other borrowed funds | 0.78 | 0.87 | 4.41 | 4.24 | ||||||||||||||||||||||||||||||||||||
Total deposits and borrowed funds | Total deposits and borrowed funds | 100.00 | % | 100.00 | % | 0.38 | % | 0.84 | % | Total deposits and borrowed funds | 100.00 | % | 100.00 | % | 0.30 | % | 0.38 | % |
March 31, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
Loan commitments | Loan commitments | $ | 2,886,616 | $ | 2,749,988 | Loan commitments | $ | 3,254,402 | $ | 3,104,940 | ||||||||||||
Standby letters of credit | Standby letters of credit | 92,525 | 90,597 | Standby letters of credit | 89,723 | 89,830 |
Capital Tiers | Tier 1 Capital to Average Assets (Leverage) | Common Equity Tier 1 to Risk - Weighted Assets | Tier 1 Capital to Risk - Weighted Assets | Total Capital to Risk - Weighted Assets | |||||||||||||||||||
Well capitalized | 5% or above | 6.5% or above | 8% or above | 10% or above | |||||||||||||||||||
Adequately capitalized | 4% or above | 4.5% or above | 6% or above | 8% or above | |||||||||||||||||||
Undercapitalized | Less than 4% | Less than 4.5% | Less than 6% | Less than 8% | |||||||||||||||||||
Significantly undercapitalized | Less than 3% | Less than 3% | Less than 4% | Less than 6% | |||||||||||||||||||
Critically undercapitalized | Tangible Equity / Total Assets less than 2% |
Actual | Minimum Capital Requirement to be Well Capitalized | Minimum Capital Requirement to be Adequately Capitalized (including the Capital Conservation Buffer) | Actual | Minimum Capital Requirement to be Well Capitalized | Minimum Capital Requirement to be Adequately Capitalized (including the Capital Conservation Buffer) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Renasant Corporation: | Renasant Corporation: | Renasant Corporation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-based capital ratios: | Risk-based capital ratios: | Risk-based capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common equity tier 1 capital ratio | Common equity tier 1 capital ratio | $ | 1,245,969 | 11.05 | % | $ | 732,824 | 6.50 | % | $ | 789,195 | 7.00 | % | Common equity tier 1 capital ratio | $ | 1,316,342 | 10.78 | % | $ | 793,569 | 6.50 | % | $ | 854,613 | 7.00 | % | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | 1,353,317 | 12.00 | % | 901,937 | 8.00 | % | 958,308 | 8.50 | % | Tier 1 risk-based capital ratio | 1,424,268 | 11.67 | % | 976,700 | 8.00 | % | 1,037,744 | 8.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total risk-based capital ratio | Total risk-based capital ratio | 1,701,667 | 15.09 | % | 1,127,421 | 10.00 | % | 1,183,792 | 10.50 | % | Total risk-based capital ratio | 1,892,630 | 15.50 | % | 1,220,875 | 10.00 | % | 1,281,919 | 10.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Leverage capital ratios: | Leverage capital ratios: | Leverage capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 leverage ratio | Tier 1 leverage ratio | 1,353,317 | 9.49 | % | 713,071 | 5.00 | % | 570,457 | 4.00 | % | Tier 1 leverage ratio | 1,424,268 | 9.00 | % | 791,134 | 5.00 | % | 632,907 | 4.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Renasant Bank: | Renasant Bank: | Renasant Bank: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-based capital ratios: | Risk-based capital ratios: | Risk-based capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common equity tier 1 capital ratio | Common equity tier 1 capital ratio | $ | 1,412,831 | 12.52 | % | $ | 733,719 | 6.50 | % | $ | 790,159 | 7.00 | % | Common equity tier 1 capital ratio | $ | 1,581,608 | 12.95 | % | $ | 793,942 | 6.50 | % | $ | 855,014 | 7.00 | % | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | 1,412,831 | 12.52 | % | 903,039 | 8.00 | % | 959,479 | 8.50 | % | Tier 1 risk-based capital ratio | 1,581,608 | 12.95 | % | 977,159 | 8.00 | % | 1,038,232 | 8.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total risk-based capital ratio | Total risk-based capital ratio | 1,548,990 | 13.72 | % | 1,128,799 | 10.00 | % | 1,185,238 | 10.50 | % | Total risk-based capital ratio | 1,714,725 | 14.04 | % | 1,221,449 | 10.00 | % | 1,282,521 | 10.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Leverage capital ratios: | Leverage capital ratios: | Leverage capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 leverage ratio | Tier 1 leverage ratio | 1,412,831 | 9.91 | % | 712,621 | 5.00 | % | 570,097 | 4.00 | % | Tier 1 leverage ratio | 1,581,608 | 10.00 | % | 790,518 | 5.00 | % | 632,414 | 4.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Renasant Corporation: | Renasant Corporation: | Renasant Corporation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-based capital ratios: | Risk-based capital ratios: | Risk-based capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common equity tier 1 capital ratio | Common equity tier 1 capital ratio | $ | 1,199,394 | 10.93 | % | $ | 713,086 | 6.50 | % | $ | 767,939 | 7.00 | % | Common equity tier 1 capital ratio | $ | 1,314,295 | 11.18 | % | $ | 763,952 | 6.50 | % | $ | 822,717 | 7.00 | % | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | 1,306,597 | 11.91 | % | 877,644 | 8.00 | % | 932,497 | 8.50 | % | Tier 1 risk-based capital ratio | 1,422,077 | 12.10 | % | 940,248 | 8.00 | % | 999,014 | 8.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total risk-based capital ratio | Total risk-based capital ratio | 1,653,694 | 15.07 | % | 1,097,055 | 10.00 | % | 1,151,908 | 10.50 | % | Total risk-based capital ratio | 1,897,167 | 16.14 | % | 1,175,610 | 10.00 | % | 1,234,076 | 10.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Leverage capital ratios: | Leverage capital ratios: | Leverage capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 leverage ratio | Tier 1 leverage ratio | 1,306,597 | 9.37 | % | 697,579 | 5.00 | % | 558,063 | 4.00 | % | Tier 1 leverage ratio | 1,422,077 | 9.15 | % | 777,289 | 5.00 | % | 621,831 | 4.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Renasant Bank: | Renasant Bank: | Renasant Bank: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-based capital ratios: | Risk-based capital ratios: | Risk-based capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common equity tier 1 capital ratio | Common equity tier 1 capital ratio | $ | 1,369,994 | 12.49 | % | $ | 712,709 | 6.50 | % | $ | 767,533 | 7.00 | % | Common equity tier 1 capital ratio | $ | 1,580,904 | 13.46 | % | $ | 763,713 | 6.50 | % | $ | 822,460 | 7.00 | % | ||||||||||||||||||||||||||||||||||||||||||||
Tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | 1,369,994 | 12.49 | % | 877,181 | 8.00 | % | 932,004 | 8.50 | % | Tier 1 risk-based capital ratio | 1,580,904 | 13.46 | % | 939,954 | 8.00 | % | 998,702 | 8.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total risk-based capital ratio | Total risk-based capital ratio | 1,504,985 | 13.73 | % | 1,096,476 | 10.00 | % | 1,151,299 | 10.50 | % | Total risk-based capital ratio | 1,697,163 | 14.44 | % | 1,174,943 | 10.00 | % | 1,233,690 | 10.50 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Leverage capital ratios: | Leverage capital ratios: | Leverage capital ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 leverage ratio | Tier 1 leverage ratio | 1,369,994 | 9.83 | % | 696,738 | 5.00 | % | 557,391 | 4.00 | % | Tier 1 leverage ratio | 1,580,904 | 10.18 | % | 776,700 | 5.00 | % | 621,360 | 4.00 | % |
Adjusted Efficiency Ratio | ||||||||||||||||||||||||||
Three months ended March 31, | ||||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Interest income (fully tax equivalent basis) | $ | 123,378 | $ | 131,887 | ||||||||||||||||||||||
Interest expense | 12,114 | 23,571 | ||||||||||||||||||||||||
Net interest income (fully tax equivalent basis) | 111,264 | 108,316 | ||||||||||||||||||||||||
Total noninterest income | 81,037 | 37,570 | ||||||||||||||||||||||||
Net gains on sales of securities | 1,357 | — | ||||||||||||||||||||||||
MSR valuation adjustment | 13,561 | (9,571) | ||||||||||||||||||||||||
Adjusted noninterest income | 66,119 | 47,141 | ||||||||||||||||||||||||
Total noninterest expense | 115,935 | 115,041 | ||||||||||||||||||||||||
Intangible amortization | 1,598 | 1,895 | ||||||||||||||||||||||||
Restructuring charges | 292 | — | ||||||||||||||||||||||||
COVID-19 related expenses | 785 | 2,903 | ||||||||||||||||||||||||
Provision for unfunded commitments | — | 3,400 | ||||||||||||||||||||||||
Adjusted noninterest expense | 113,260 | 106,843 | ||||||||||||||||||||||||
Efficiency Ratio (GAAP) | 60.29 | % | 78.86 | % | ||||||||||||||||||||||
Adjusted Efficiency Ratio (non-GAAP) | 63.85 | % | 68.73 | % |
Allowance for Credit Losses on Loans to Total Loans, excluding PPP Loans | |||||||||||
March 31, 2021 | December 31, 2020 | ||||||||||
Total loans (GAAP) | $ | 10,688,408 | $ | 10,933,647 | |||||||
Less PPP loans | 860,864 | 1,128,703 | |||||||||
Adjusted total loans (non-GAAP) | $ | 9,827,544 | $ | 9,804,944 | |||||||
Allowance for Credit Losses on Loans | $ | 173,106 | $ | 176,144 | |||||||
ACL/Total loans (GAAP) | 1.62 | % | 1.61 | % | |||||||
ACL/Total loans excluding PPP loans (non-GAAP) | 1.76 | % | 1.80 | % |
Adjusted Efficiency Ratio | |||||||||||||||||||||||
Three months ended March 31, | |||||||||||||||||||||||
2022 | 2021 | ||||||||||||||||||||||
Interest income (fully tax equivalent basis) | $ | 111,945 | $ | 123,378 | |||||||||||||||||||
Interest expense | 10,562 | 12,114 | |||||||||||||||||||||
Net interest income (fully tax equivalent basis) | 101,383 | 111,264 | |||||||||||||||||||||
Total noninterest income | 37,458 | 81,037 | |||||||||||||||||||||
Net gains on sales of securities | — | 1,357 | |||||||||||||||||||||
MSR valuation adjustment | — | 13,561 | |||||||||||||||||||||
Adjusted noninterest income | 37,458 | 66,119 | |||||||||||||||||||||
Total noninterest expense | 94,105 | 115,935 | |||||||||||||||||||||
Intangible amortization | 1,366 | 1,598 | |||||||||||||||||||||
Merger and conversion related expenses | 687 | — | |||||||||||||||||||||
Restructuring (benefit) charges | (455) | 292 | |||||||||||||||||||||
COVID-19 related expenses | — | 785 | |||||||||||||||||||||
Recovery of unfunded commitments | (550) | — | |||||||||||||||||||||
Adjusted noninterest expense | 93,057 | 113,260 | |||||||||||||||||||||
Efficiency Ratio (GAAP) | 67.78 | % | 60.29 | % | |||||||||||||||||||
Adjusted Efficiency Ratio (non-GAAP) | 67.02 | % | 63.85 | % |
Allowance for Credit Losses on Loans to Total Loans, excluding PPP Loans | |||||||||||
March 31, 2022 | December 31, 2021 | ||||||||||
Total loans (GAAP) | $ | 10,313,459 | $ | 10,020,914 | |||||||
Less PPP loans | 8,382 | 58,391 | |||||||||
Adjusted total loans (non-GAAP) | $ | 10,305,077 | $ | 9,962,523 | |||||||
Allowance for Credit Losses on Loans | $ | 166,468 | $ | 164,171 | |||||||
ACL/Total loans (GAAP) | 1.61 | % | 1.64 | % | |||||||
ACL/Total loans excluding PPP loans (non-GAAP) | 1.62 | % | 1.65 | % |
Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Plans | Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under Share Repurchase Plans(2) | |||||||||||||||||||||||
January 1, 2021 to January 31, 2021 | 13,024 | $ | 33.68 | — | $ | 50,000 | ||||||||||||||||||||
February 1, 2021 to February 28, 2021 | 1,253 | 39.60 | — | 50,000 | ||||||||||||||||||||||
March 1, 2021 to March 31, 2021 | 39,344 | 44.35 | — | 50,000 | ||||||||||||||||||||||
Total | 53,621 | $ | 41.65 | — |
Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Plans | Maximum Number of Shares or Approximate Dollar Value That May Yet Be Purchased Under Share Repurchase Plans(2) | |||||||||||||||||||||||
January 1, 2022 to January 31, 2022 | 19,397 | $ | 37.95 | — | $ | 50,000 | ||||||||||||||||||||
February 1, 2022 to February 28, 2022 | — | — | — | 50,000 | ||||||||||||||||||||||
March 1, 2022 to March 31, 2022 | 49,291 | 35.05 | — | 50,000 | ||||||||||||||||||||||
Total | 68,688 | $ | 35.87 | — |
Exhibit Number | Description | |||||||
(3)(i) | ||||||||
(3)(ii) | ||||||||
(3)(iii) | ||||||||
(31)(i) | ||||||||
(31)(ii) | ||||||||
(32)(i) | ||||||||
(32)(ii) | ||||||||
(101) | The following materials from Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, | |||||||
(104) | The cover page of Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, |
RENASANT CORPORATION | ||||||||
(Registrant) | ||||||||
Date: | May | /s/ C. Mitchell Waycaster | ||||||
C. Mitchell Waycaster | ||||||||
President and | ||||||||
Chief Executive Officer | ||||||||
(Principal Executive Officer) | ||||||||
Date: | May | /s/ James C. Mabry IV | ||||||
James C. Mabry IV | ||||||||
Executive Vice President and | ||||||||
Chief Financial Officer | ||||||||
(Principal Financial Officer) |