Loans and Allowance for Loan Losses | Loans and Allowance for Loan Losses The following table presents the composition of the loan portfolio. September 30, 2016 December 31, 2015 (In Thousands) Commercial loans: Commercial, financial and agricultural $ 24,839,068 $ 26,022,374 Real estate – construction 2,215,272 2,354,253 Commercial real estate – mortgage 11,361,630 10,453,280 Total commercial loans 38,415,970 38,829,907 Consumer loans: Residential real estate – mortgage 13,457,435 13,993,285 Equity lines of credit 2,494,468 2,419,815 Equity loans 479,375 580,804 Credit card 599,862 627,359 Consumer direct 1,186,827 936,871 Consumer indirect 3,196,235 3,495,082 Total consumer loans 21,414,202 22,053,216 Covered loans 381,111 440,961 Total loans $ 60,211,283 $ 61,324,084 At September 30, 2016 , the Company considered its energy lending portfolio as a concentration due to the impact on this portfolio of declining oil prices that began in late 2014 and continued into 2016. Total energy exposure, including unused commitments to extend credit and letters of credit was $8.2 billion and $9.4 billion at September 30, 2016 and December 31, 2015 , respectively. The funded amount of the Company's energy lending portfolio was approximately $3.3 billion and $3.8 billion at September 30, 2016 and December 31, 2015 , respectively, and is reported in total commercial, financial and agricultural in the table above. The decline in oil prices has negatively impacted the financial results of many borrowers in the energy lending portfolio, leading to internal risk rating downgrades. If oil prices remain unstable or resume their decline, the energy-related portfolio may be subject to additional pressure on credit quality metrics including past due, criticized, and nonperforming loans, as well as net charge-offs. Allowance for Loan Losses and Credit Quality The following table, which excludes loans held for sale, presents a summary of the activity in the allowance for loan losses. The portion of the allowance that has not been identified by the Company as related to specific loan categories has been allocated to the individual loan categories on a pro rata basis for purposes of the table below: Commercial, Financial and Agricultural Commercial Real Estate (1) Residential Real Estate (2) Consumer (3) Covered Total (In Thousands) Three months ended September 30, 2016 Allowance for loan losses: Beginning balance $ 499,398 $ 114,311 $ 119,076 $ 110,266 $ — $ 843,051 Provision (credit) for loan losses 20,533 54 528 43,992 — 65,107 Loans charged off (13,702 ) (104 ) (4,608 ) (46,472 ) — (64,886 ) Loan recoveries 4,766 682 3,429 9,931 — 18,808 Net (charge-offs) recoveries (8,936 ) 578 (1,179 ) (36,541 ) — (46,078 ) Ending balance $ 510,995 $ 114,943 $ 118,425 $ 117,717 $ — $ 862,080 Three months ended September 30, 2015 Allowance for loan losses: Beginning balance $ 350,879 $ 135,152 $ 133,995 $ 99,559 $ 1,886 $ 721,471 Provision (credit) for loan losses 16,424 (7,256 ) (577 ) 20,091 469 29,151 Loans charged off (9,161 ) (910 ) (5,944 ) (27,567 ) (490 ) (44,072 ) Loan recoveries 5,171 899 3,772 5,728 2 15,572 Net (charge-offs) recoveries (3,990 ) (11 ) (2,172 ) (21,839 ) (488 ) (28,500 ) Ending balance $ 363,313 $ 127,885 $ 131,246 $ 97,811 $ 1,867 $ 722,122 Nine Months Ended September 30, 2016 Allowance for loan losses: Beginning balance $ 402,113 $ 122,068 $ 132,104 $ 104,948 $ 1,440 $ 762,673 Provision (credit) for loan losses 167,648 (7,393 ) (7,412 ) 112,058 124 265,025 Loans charged off (66,541 ) (3,555 ) (15,072 ) (125,607 ) (1,565 ) (212,340 ) Loan recoveries 7,775 3,823 8,805 26,318 1 46,722 Net (charge-offs) recoveries (58,766 ) 268 (6,267 ) (99,289 ) (1,564 ) (165,618 ) Ending balance $ 510,995 $ 114,943 $ 118,425 $ 117,717 $ — $ 862,080 Nine Months Ended September 30, 2015 Allowance for loan losses: Beginning balance $ 299,482 $ 138,233 $ 154,627 $ 89,891 $ 2,808 $ 685,041 Provision (credit) for loan losses 74,127 (12,995 ) (13,458 ) 69,085 572 117,331 Loans charged off (20,706 ) (2,380 ) (20,889 ) (78,957 ) (1,516 ) (124,448 ) Loan recoveries 10,410 5,027 10,966 17,792 3 44,198 Net (charge-offs) recoveries (10,296 ) 2,647 (9,923 ) (61,165 ) (1,513 ) (80,250 ) Ending balance $ 363,313 $ 127,885 $ 131,246 $ 97,811 $ 1,867 $ 722,122 (1) Includes commercial real estate – mortgage and real estate – construction loans. (2) Includes residential real estate – mortgage, equity lines of credit and equity loans. (3) Includes credit card, consumer direct and consumer indirect loans. The table below provides a summary of the allowance for loan losses and related loan balances by portfolio. Commercial, Financial and Agricultural Commercial Real Estate (1) Residential Real Estate (2) Consumer (3) Covered Total (In Thousands) September 30, 2016 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 138,067 $ 3,253 $ 35,867 $ 2,507 $ — $ 179,694 Collectively evaluated for impairment 372,928 111,690 82,558 115,210 — 682,386 Purchased loans — — — — — — Total allowance for loan losses $ 510,995 $ 114,943 $ 118,425 $ 117,717 $ — $ 862,080 Ending balance of loans: Individually evaluated for impairment $ 839,679 $ 38,967 $ 180,308 $ 3,393 $ — $ 1,062,347 Collectively evaluated for impairment 23,972,927 13,503,337 16,250,039 4,975,230 — 58,701,533 Purchased loans 26,462 34,598 931 4,301 381,111 447,403 Total loans $ 24,839,068 $ 13,576,902 $ 16,431,278 $ 4,982,924 $ 381,111 $ 60,211,283 December 31, 2015 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 27,486 $ 3,725 $ 38,126 $ 1,880 $ — $ 71,217 Collectively evaluated for impairment 374,458 118,343 93,978 103,068 — 689,847 Purchased loans 169 — — — 1,440 1,609 Total allowance for loan losses $ 402,113 $ 122,068 $ 132,104 $ 104,948 $ 1,440 $ 762,673 Ending balance of loans: Individually evaluated for impairment $ 163,201 $ 80,123 $ 183,473 $ 2,789 $ — $ 429,586 Collectively evaluated for impairment 25,828,286 12,685,320 16,809,525 5,051,488 — 60,374,619 Purchased loans 30,887 42,090 906 5,035 440,961 519,879 Total loans $ 26,022,374 $ 12,807,533 $ 16,993,904 $ 5,059,312 $ 440,961 $ 61,324,084 (1) Includes commercial real estate – mortgage and real estate – construction loans. (2) Includes residential real estate – mortgage, equity lines of credit and equity loans. (3) Includes credit card, consumer direct and consumer indirect loans. The following tables present information on individually evaluated impaired loans, by loan class. September 30, 2016 Individually Evaluated Impaired Loans With No Recorded Allowance Individually Evaluated Impaired Loans With a Recorded Allowance Recorded Investment Unpaid Principal Balance Allowance Recorded Investment Unpaid Principal Balance Allowance (In Thousands) Commercial, financial and agricultural $ 420,005 $ 428,688 $ — $ 419,674 $ 445,592 $ 138,067 Real estate – construction — — — 707 819 377 Commercial real estate – mortgage 15,161 15,765 — 23,099 24,498 2,876 Residential real estate – mortgage — — — 111,773 111,773 9,226 Equity lines of credit — — — 25,679 26,069 20,572 Equity loans — — — 42,856 43,563 6,069 Credit card — — — — — — Consumer direct — — — 797 797 56 Consumer indirect — — — 2,596 2,596 2,451 Total loans $ 435,166 $ 444,453 $ — $ 627,181 $ 655,707 $ 179,694 December 31, 2015 Individually Evaluated Impaired Loans With No Recorded Allowance Individually Evaluated Impaired Loans With a Recorded Allowance Recorded Investment Unpaid Principal Balance Allowance Recorded Investment Unpaid Principal Balance Allowance (In Thousands) Commercial, financial and agricultural $ 45,583 $ 53,325 $ — $ 117,618 $ 122,148 $ 27,486 Real estate – construction 3,403 3,986 — 628 689 515 Commercial real estate – mortgage 24,851 27,486 — 51,241 54,863 3,210 Residential real estate – mortgage 6,521 6,521 — 102,375 102,375 7,370 Equity lines of credit — — — 28,164 30,302 23,183 Equity loans — — — 46,413 47,245 7,573 Credit card — — — — — — Consumer direct — — — 935 935 26 Consumer indirect — — — 1,854 1,854 1,854 Total loans $ 80,358 $ 91,318 $ — $ 349,228 $ 360,411 $ 71,217 The following tables present information on individually evaluated impaired loans, by loan class. Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In Thousands) Commercial, financial and agricultural $ 769,719 $ 401 $ 133,652 $ 204 Real estate – construction 634 2 5,360 21 Commercial real estate – mortgage 36,874 255 87,352 517 Residential real estate – mortgage 110,262 666 107,927 707 Equity lines of credit 26,231 246 27,185 279 Equity loans 43,292 375 48,046 392 Credit card — — — — Consumer direct 803 7 397 4 Consumer indirect 2,505 3 1,749 — Total loans $ 990,320 $ 1,955 $ 411,668 $ 2,124 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In Thousands) Commercial, financial and agricultural $ 575,038 $ 1,033 $ 98,110 $ 909 Real estate – construction 2,118 6 5,837 97 Commercial real estate – mortgage 46,073 932 85,862 1,634 Residential real estate – mortgage 109,020 1,953 110,790 2,096 Equity lines of credit 27,170 790 26,891 838 Equity loans 44,629 1,123 50,168 1,197 Credit card — — — — Consumer direct 854 22 686 12 Consumer indirect 2,152 9 1,645 — Total loans $ 807,054 $ 5,868 $ 379,989 $ 6,783 The tables above do not include Purchased Impaired Loans, Purchased Nonimpaired Loans or loans held for sale. Detailed information on the Company's allowance for loan losses methodology and the Company's impaired loan policy are included in the Company's Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2015 . The Company monitors the credit quality of its commercial portfolio using an internal dual risk rating, which considers both the obligor and the facility. The obligor risk ratings are defined by ranges of default probabilities of the borrowers, through internally assigned letter grades (AAA through D2) and the facility risk ratings are defined by ranges of the loss given default. The combination of those two approaches results in the assessment of the likelihood of loss and it is mapped to the regulatory classifications. The Company assigns internal risk ratings at loan origination and at regular intervals subsequent to origination. Loan review intervals are dependent on the size and risk grade of the loan, and are generally conducted at least annually. Additional reviews are conducted when information affecting the loan’s risk grade becomes available. The general characteristics of the risk grades are as follows: • The Company’s internally assigned letter grades “AAA” through “B-” correspond to the regulatory classification “Pass.” These loans do not have any identified potential or well-defined weaknesses and have a high likelihood of orderly repayment. Exceptions exist when either the facility is fully secured by a CD and held at the Company or the facility is secured by properly margined and controlled marketable securities. • Internally assigned letter grades “CCC+” through “CCC” correspond to the regulatory classification “Special Mention.” Loans within this classification have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Special mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. • Internally assigned letter grades “CCC-” through “D1” correspond to the regulatory classification “Substandard.” A loan classified as substandard is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the loan. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. • The internally assigned letter grade “D2” corresponds to the regulatory classification “Doubtful.” Loans classified as doubtful have all the weaknesses inherent in a loan classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable or improbable. The Company considers payment history as the best indicator of credit quality for the consumer portfolio. Nonperforming loans in the tables below include loans classified as nonaccrual, loans 90 days or more past due and loans modified in a TDR 90 days or more past due. The following tables, which exclude loans held for sale and covered loans, illustrate the credit quality indicators associated with the Company’s loans, by loan class. Commercial September 30, 2016 Commercial, Financial and Agricultural Real Estate - Construction Commercial Real Estate - Mortgage (In Thousands) Pass $ 22,686,955 $ 2,154,286 $ 11,031,439 Special Mention 665,237 56,486 209,917 Substandard 1,164,997 4,485 102,879 Doubtful 321,879 15 17,395 $ 24,839,068 $ 2,215,272 $ 11,361,630 December 31, 2015 Commercial, Financial and Agricultural Real Estate - Construction Commercial Real Estate - Mortgage (In Thousands) Pass $ 24,823,312 $ 2,340,145 $ 10,165,630 Special Mention 469,400 5,148 142,124 Substandard 688,427 8,941 133,091 Doubtful 41,235 19 12,435 $ 26,022,374 $ 2,354,253 $ 10,453,280 Consumer September 30, 2016 Residential Real Estate – Mortgage Equity Lines of Credit Equity Loans Credit Card Consumer Direct Consumer Indirect (In Thousands) Noncovered loans: Performing $ 13,335,843 $ 2,459,409 $ 465,626 $ 589,687 $ 1,181,871 $ 3,182,146 Nonperforming 121,592 35,059 13,749 10,175 4,956 14,089 $ 13,457,435 $ 2,494,468 $ 479,375 $ 599,862 $ 1,186,827 $ 3,196,235 December 31, 2015 Residential Real Estate -Mortgage Equity Lines of Credit Equity Loans Credit Card Consumer Direct Consumer Indirect (In Thousands) Noncovered loans: Performing $ 13,877,592 $ 2,381,909 $ 564,110 $ 617,641 $ 932,773 $ 3,484,426 Nonperforming 115,693 37,906 16,694 9,718 4,098 10,656 $ 13,993,285 $ 2,419,815 $ 580,804 $ 627,359 $ 936,871 $ 3,495,082 The following tables present an aging analysis of the Company’s past due loans, excluding loans classified as held for sale. September 30, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Nonaccrual Accruing TDRs Total Past Due and Impaired Not Past Due or Impaired Total (In Thousands) Commercial, financial and agricultural $ 72,328 $ 4,400 $ 5,320 $ 850,075 $ 9,283 $ 941,406 $ 23,897,662 $ 24,839,068 Real estate – construction 522 1,062 2,782 1,214 3,315 8,895 2,206,377 2,215,272 Commercial real estate – mortgage 7,614 369 783 63,593 5,141 77,500 11,284,130 11,361,630 Residential real estate – mortgage 56,204 21,200 3,929 117,243 63,008 261,584 13,195,851 13,457,435 Equity lines of credit 8,173 4,477 2,417 32,642 — 47,709 2,446,759 2,494,468 Equity loans 5,567 1,694 353 13,198 36,053 56,865 422,510 479,375 Credit card 5,696 4,264 10,175 — — 20,135 579,727 599,862 Consumer direct 12,099 4,725 4,191 765 759 22,539 1,164,288 1,186,827 Consumer indirect 73,045 20,165 7,070 7,019 — 107,299 3,088,936 3,196,235 Covered loans 4,075 3,844 28,505 269 — 36,693 344,418 381,111 Total loans $ 245,323 $ 66,200 $ 65,525 $ 1,086,018 $ 117,559 $ 1,580,625 $ 58,630,658 $ 60,211,283 December 31, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Nonaccrual Accruing TDRs Total Past Due and Impaired Not Past Due or Impaired Total (In Thousands) Commercial, financial and agricultural $ 8,197 $ 4,215 $ 3,567 $ 161,591 $ 9,402 $ 186,972 $ 25,835,402 $ 26,022,374 Real estate – construction 2,864 91 421 5,908 2,247 11,531 2,342,722 2,354,253 Commercial real estate – mortgage 3,843 1,461 2,237 69,953 33,904 111,398 10,341,882 10,453,280 Residential real estate – mortgage 47,323 19,540 1,961 113,234 67,343 249,401 13,743,884 13,993,285 Equity lines of credit 8,263 4,371 2,883 35,023 — 50,540 2,369,275 2,419,815 Equity loans 6,356 2,194 704 15,614 37,108 61,976 518,828 580,804 Credit card 5,563 4,622 9,718 — — 19,903 607,456 627,359 Consumer direct 7,648 3,801 3,537 561 908 16,455 920,416 936,871 Consumer indirect 73,438 17,167 5,629 5,027 — 101,261 3,393,821 3,495,082 Covered loans 4,862 3,454 37,972 134 — 46,422 394,539 440,961 Total loans $ 168,357 $ 60,916 $ 68,629 $ 407,045 $ 150,912 $ 855,859 $ 60,468,225 $ 61,324,084 Policies related to the Company's nonaccrual and past due loans are included in the Company's Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2015 . It is the Company’s policy to classify TDRs that are not accruing interest as nonaccrual loans. It is also the Company’s policy to classify TDR past due loans that are accruing interest as TDRs and not according to their past due status. The tables above reflect this policy. The following table provides a breakout of TDRs, including nonaccrual loans and covered loans and excluding loans classified as held for sale. September 30, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Nonaccrual Total Past Due and Nonaccrual Not Past Due or Nonaccrual Total (In Thousands) Commercial, financial and agricultural $ 33 $ — $ — $ 28,739 $ 28,772 $ 9,250 $ 38,022 Real estate – construction — — — 585 585 3,315 3,900 Commercial real estate – mortgage — — — 4,136 4,136 5,141 9,277 Residential real estate – mortgage 3,392 389 420 35,562 39,763 58,807 98,570 Equity lines of credit — — — 24,507 24,507 — 24,507 Equity loans 1,837 766 198 7,066 9,867 33,252 43,119 Credit card — — — — — — — Consumer direct — — — 37 37 759 796 Consumer indirect — — — 2,597 2,597 — 2,597 Covered loans — — — 27 27 — 27 Total loans $ 5,262 $ 1,155 $ 618 $ 103,256 $ 110,291 $ 110,524 $ 220,815 December 31, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Nonaccrual Total Past Due and Nonaccrual Not Past Due or Nonaccrual Total (In Thousands) Commercial, financial and agricultural $ — $ — $ — $ 131 $ 131 $ 9,402 $ 9,533 Real estate – construction — — — 495 495 2,247 2,742 Commercial real estate – mortgage — — — 7,205 7,205 33,904 41,109 Residential real estate – mortgage 2,188 1,935 498 30,174 34,795 62,722 97,517 Equity lines of credit — — — 27,176 27,176 — 27,176 Equity loans 1,737 782 376 9,844 12,739 34,213 46,952 Credit card — — — — — — — Consumer direct — — — 27 27 908 935 Consumer indirect — — — 1,853 1,853 — 1,853 Covered loans — — — 8 8 — 8 Total loans $ 3,925 $ 2,717 $ 874 $ 76,913 $ 84,429 $ 143,396 $ 227,825 Modifications to a borrower’s loan agreement are considered TDRs if a concession is granted for economic or legal reasons related to a borrower’s financial difficulties that otherwise would not be considered. Within each of the Company’s loan classes, TDRs typically involve modification of the loan interest rate to a below market rate or an extension or deferment of the loan. During the three months ended September 30, 2016 , $1.2 million of TDR modifications included an interest rate concession and $36.5 million of TDR modifications resulted from modifications to the loan’s structure. During the three months ended September 30, 2015 , $2.0 million of TDR modifications included an interest rate concession and $4.7 million of TDR modifications resulted from modifications to the loan’s structure. During the nine months ended September 30, 2016 , $4.2 million of TDR modifications included an interest rate concession and $49.8 million of TDR modifications resulted from modifications to the loan’s structure. During the nine months ended September 30, 2015 , $2.9 million of TDR modifications included an interest rate concession and $14.0 million of TDR modifications resulted from modifications to the loan’s structure. The following table presents an analysis of the types of loans that were restructured and classified as TDRs, excluding loans classified as held for sale. Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Number of Contracts Post-Modification Outstanding Recorded Investment Number of Contracts Post-Modification Outstanding Recorded Investment (Dollars in Thousands) Commercial, financial and agricultural 4 $ 31,676 2 $ 69 Real estate – construction 1 112 — — Commercial real estate – mortgage — — 3 532 Residential real estate – mortgage 21 2,868 14 3,326 Equity lines of credit 30 1,468 27 1,488 Equity loans 6 635 8 340 Credit card — — — — Consumer direct 2 15 4 325 Consumer indirect 56 917 31 549 Covered loans — — 1 8 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Number of Contracts Post-Modification Outstanding Recorded Investment Number of Contracts Post-Modification Outstanding Recorded Investment (Dollars in Thousands) Commercial, financial and agricultural 9 $ 32,026 5 $ 380 Real estate – construction 2 3,504 — — Commercial real estate – mortgage 5 1,431 4 758 Residential real estate – mortgage 59 10,654 36 7,571 Equity lines of credit 66 3,237 86 4,752 Equity loans 15 1,129 28 1,836 Credit card — — — — Consumer direct 3 24 21 627 Consumer indirect 119 1,999 53 928 Covered loans — — 3 29 For the three and nine months ended September 30, 2016 and 2015 , charge-offs and changes to the allowance related to modifications classified as TDRs were not material. The Company considers TDRs aged 90 days or more past due, charged off or classified as nonaccrual subsequent to modification, where the loan was not classified as a nonperforming loan at the time of modification, as subsequently defaulted. The following tables provide a summary of initial subsequent defaults that occurred within one year of the restructure date. The table excludes loans classified as held for sale as of period-end and includes loans no longer in default as of period-end. Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Number of Contracts Recorded Investment at Default Number of Contracts Recorded Investment at Default (Dollars in Thousands) Commercial, financial and agricultural — $ — — $ — Real estate – construction — — — — Commercial real estate – mortgage — — — — Residential real estate – mortgage — — 1 119 Equity lines of credit 8 204 1 — Equity loans 1 42 1 55 Credit card — — — — Consumer direct — — 1 100 Consumer indirect 1 13 — — Covered loans — — 1 18 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Number of Contracts Recorded Investment at Default Number of Contracts Recorded Investment at Default (Dollars in Thousands) Commercial, financial and agricultural — $ — — $ — Real estate – construction — — 1 377 Commercial real estate – mortgage — — 1 178 Residential real estate – mortgage — — 6 862 Equity lines of credit 8 204 1 — Equity loans 1 42 3 216 Credit card — — — — Consumer direct — — 1 100 Consumer indirect 2 32 1 18 Covered loans — — 2 24 The Company’s allowance for loan losses is largely driven by updated risk ratings assigned to commercial loans, updated borrower credit scores on consumer loans, and borrower delinquency history in both commercial and consumer portfolios. As such, the provision for loan losses is impacted primarily by changes in borrower payment performance rather than TDR classification. In addition, all commercial and consumer loans modified in a TDR are considered to be impaired, even if they maintain their accrual status. At September 30, 2016 and December 31, 2015 , there were $21.9 million and $5.7 million , respectively, of commitments to lend additional funds to borrowers whose terms have been modified in a TDR. Foreclosure Proceedings OREO totaled $22 million and $21 million at September 30, 2016 and December 31, 2015 , respectively. OREO included $20 million and $17 million of foreclosed residential real estate properties at September 30, 2016 and December 31, 2015 , respectively. As of September 30, 2016 and December 31, 2015 , there were $29 million and $30 million , respectively, of residential real estate loans secured by residential real estate properties for which formal foreclosure proceedings were in process. |