Past Due Loans, Allowance For Credit Losses, Impaired Loans, and TDRS | PAST DUE LOANS, ALLOWANCE FOR CREDIT LOSSES, IMPAIRED LOANS, AND TDRS Past Due and Non-accrual Loans The following table presents an aging analysis of the Company 's past due loans as of September 30, 2019 and December 31, 2018 . The aging is determined without regard to accrual status. The table also presents non-performing loans, consisting of non-accrual loans (the majority of which are past due) and loans 90 days or more past due and still accruing interest, as of each balance sheet date. Aging Analysis of Past Due Loans and Non-performing Loans by Class (Dollar amounts in thousands) Aging Analysis (Accruing and Non-accrual) Non-performing Loans Current (1) 30-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Non- accrual 90 Days or More Past Due, Still Accruing Interest As of September 30, 2019 Commercial and industrial $ 4,537,236 $ 20,929 $ 12,196 $ 33,125 $ 4,570,361 $ 26,739 $ 1,982 Agricultural 404,731 6,966 6,043 13,009 417,740 6,242 23 Commercial real estate: Office, retail, and industrial 1,869,816 7,289 15,772 23,061 1,892,877 26,812 — Multi-family 813,422 1,870 2,152 4,022 817,444 2,152 — Construction 635,270 1,771 215 1,986 637,256 152 63 Other commercial real estate 1,419,276 1,851 4,165 6,016 1,425,292 4,680 1,112 Total commercial real estate 4,737,784 12,781 22,304 35,085 4,772,869 33,796 1,175 Total corporate loans 9,679,751 40,676 40,543 81,219 9,760,970 66,777 3,180 Home equity 823,373 6,373 4,209 10,582 833,955 7,326 175 1-4 family mortgages 1,680,096 5,292 1,579 6,871 1,686,967 3,589 — Installment 488,592 1,533 1,302 2,835 491,427 — 1,302 Total consumer loans 2,992,061 13,198 7,090 20,288 3,012,349 10,915 1,477 Total loans $ 12,671,812 $ 53,874 $ 47,633 $ 101,507 $ 12,773,319 $ 77,692 $ 4,657 As of December 31, 2018 Commercial and industrial $ 4,085,164 $ 8,832 $ 26,297 $ 35,129 $ 4,120,293 $ 33,507 $ 422 Agricultural 428,357 940 1,631 2,571 430,928 1,564 101 Commercial real estate: Office, retail, and industrial 1,803,059 8,209 9,649 17,858 1,820,917 6,510 4,081 Multi-family 759,402 1,487 3,296 4,783 764,185 3,107 189 Construction 645,774 3,419 144 3,563 649,337 144 — Other commercial real estate 1,353,442 4,921 3,447 8,368 1,361,810 2,854 2,197 Total commercial real estate 4,561,677 18,036 16,536 34,572 4,596,249 12,615 6,467 Total corporate loans 9,075,198 27,808 44,464 72,272 9,147,470 47,686 6,990 Home equity 843,217 6,285 2,105 8,390 851,607 5,393 104 1-4 family mortgages 1,009,925 4,361 2,895 7,256 1,017,181 3,856 1,147 Installment 428,836 1,648 41 1,689 430,525 — 41 Total consumer loans 2,281,978 12,294 5,041 17,335 2,299,313 9,249 1,292 Total loans $ 11,357,176 $ 40,102 $ 49,505 $ 89,607 $ 11,446,783 $ 56,935 $ 8,282 (1) PCI loans with an accretable yield are considered current. Allowance for Credit Losses The Company maintains an allowance for credit losses at a level deemed adequate by management to absorb estimated losses inherent in the existing loan portfolio. See Note 1 , " Summary of Significant Accounting Policies ," for the accounting policy for the allowance for credit losses. A rollforward of the allowance for credit losses by portfolio segment for the quarters and nine months ended September 30, 2019 and 2018 is presented in the table below. Allowance for Credit Losses by Portfolio Segment (Dollar amounts in thousands) Commercial, Industrial, and Agricultural Office, Retail, and Industrial Multi- family Construction Other Commercial Real Estate Consumer Reserve for Unfunded Commitments Total Allowance for Credit Losses Quarter Ended September 30, 2019 Beginning balance $ 66,364 $ 7,495 $ 2,159 $ 1,862 $ 4,997 $ 22,852 $ 1,200 $ 106,929 Charge-offs (7,176 ) (293 ) — — (184 ) (3,619 ) — (11,272 ) Recoveries 1,205 74 38 2 227 527 — 2,073 Net charge-offs (5,971 ) (219 ) 38 2 43 (3,092 ) — (9,199 ) Provision for loan losses and other 5,002 65 565 (98 ) 1,188 5,776 — 12,498 Ending balance $ 65,395 $ 7,341 $ 2,762 $ 1,766 $ 6,228 $ 25,536 $ 1,200 $ 110,228 Quarter Ended September 30, 2018 Beginning balance $ 60,043 $ 9,062 $ 2,175 $ 2,124 $ 4,631 $ 18,656 $ 1,000 $ 97,691 Charge-offs (6,277 ) (759 ) (1 ) (1 ) (177 ) (2,049 ) — (9,264 ) Recoveries 416 163 — 5 154 512 — 1,250 Net charge-offs (5,861 ) (596 ) (1 ) 4 (23 ) (1,537 ) — (8,014 ) Provision for loan losses and other 6,776 15 200 116 740 3,401 — 11,248 Ending balance $ 60,958 $ 8,481 $ 2,374 $ 2,244 $ 5,348 $ 20,520 $ 1,000 $ 100,925 Nine Months Ended September 30, 2019 Beginning balance $ 63,276 $ 7,900 $ 2,464 $ 2,173 $ 4,934 $ 21,472 $ 1,200 $ 103,419 Charge-offs (20,143 ) (2,526 ) (340 ) (6 ) (723 ) (9,735 ) — (33,473 ) Recoveries 3,764 235 39 18 293 1,500 — 5,849 Net charge-offs (16,379 ) (2,291 ) (301 ) 12 (430 ) (8,235 ) — (27,624 ) Provision for loan losses and other 18,498 1,732 599 (419 ) 1,724 12,299 — 34,433 Ending balance $ 65,395 $ 7,341 $ 2,762 $ 1,766 $ 6,228 $ 25,536 $ 1,200 $ 110,228 Nine Months Ended September 30, 2018 Beginning balance $ 55,791 $ 10,996 $ 2,534 $ 3,481 $ 6,381 $ 16,546 $ 1,000 $ 96,729 Charge-offs (29,609 ) (1,525 ) (5 ) (1 ) (247 ) (6,271 ) — (37,658 ) Recoveries 1,707 286 — 26 552 1,240 — 3,811 Net charge-offs (27,902 ) (1,239 ) (5 ) 25 305 (5,031 ) — (33,847 ) Provision for loan losses and other 33,069 (1,276 ) (155 ) (1,262 ) (1,338 ) 9,005 — 38,043 Ending balance $ 60,958 $ 8,481 $ 2,374 $ 2,244 $ 5,348 $ 20,520 $ 1,000 $ 100,925 The table below provides a breakdown of loans and the related allowance for credit losses by portfolio segment as of September 30, 2019 and December 31, 2018 . Loans and Related Allowance for Credit Losses by Portfolio Segment (Dollar amounts in thousands) Loans Allowance for Credit Losses Individually Evaluated for Impairment Collectively Evaluated for Impairment PCI Total Individually Evaluated for Impairment Collectively Evaluated for Impairment PCI Total As of September 30, 2019 Commercial, industrial, and agricultural $ 31,169 $ 4,907,442 $ 49,490 $ 4,988,101 $ 2,556 $ 62,465 $ 374 $ 65,395 Commercial real estate: Office, retail, and industrial 26,255 1,841,712 24,910 1,892,877 522 6,696 123 7,341 Multi-family 1,995 809,711 5,738 817,444 — 2,666 96 2,762 Construction 123 623,689 13,444 637,256 — 1,765 1 1,766 Other commercial real estate 3,657 1,372,354 49,281 1,425,292 95 4,579 1,554 6,228 Total commercial real estate 32,030 4,647,466 93,373 4,772,869 617 15,706 1,774 18,097 Total corporate loans 63,199 9,554,908 142,863 9,760,970 3,173 78,171 2,148 83,492 Consumer — 2,989,386 22,963 3,012,349 — 24,460 1,076 25,536 Reserve for unfunded commitments — — — — — 1,200 — 1,200 Total loans $ 63,199 $ 12,544,294 $ 165,826 $ 12,773,319 $ 3,173 $ 103,831 $ 3,224 $ 110,228 As of December 31, 2018 Commercial, industrial, and agricultural $ 32,415 $ 4,514,349 $ 4,457 $ 4,551,221 $ 3,961 $ 58,947 $ 368 $ 63,276 Commercial real estate: Office, retail, and industrial 5,057 1,799,304 16,556 1,820,917 748 5,984 1,168 7,900 Multi-family 3,492 747,030 13,663 764,185 — 2,154 310 2,464 Construction — 644,499 4,838 649,337 — 2,019 154 2,173 Other commercial real estate 1,545 1,305,444 54,821 1,361,810 — 4,180 754 4,934 Total commercial real estate 10,094 4,496,277 89,878 4,596,249 748 14,337 2,386 17,471 Total corporate loans 42,509 9,010,626 94,335 9,147,470 4,709 73,284 2,754 80,747 Consumer — 2,279,780 19,533 2,299,313 — 20,094 1,378 21,472 Reserve for unfunded commitments — — — — — 1,200 — 1,200 Total loans $ 42,509 $ 11,290,406 $ 113,868 $ 11,446,783 $ 4,709 $ 94,578 $ 4,132 $ 103,419 Loans Individually Evaluated for Impairment The following table presents loans individually evaluated for impairment by class of loan as of September 30, 2019 and December 31, 2018 . PCI loans are excluded from this disclosure. Impaired Loans Individually Evaluated by Class (Dollar amounts in thousands) As of September 30, 2019 As of December 31, 2018 Recorded Investment In Recorded Investment In Loans with No Specific Reserve Loans with a Specific Reserve Unpaid Principal Balance Specific Reserve Loans with No Specific Reserve Loans with a Specific Reserve Unpaid Principal Balance Specific Reserve Commercial and industrial $ 10,600 $ 14,540 $ 50,231 $ 1,636 $ 7,550 $ 23,349 $ 49,102 $ 3,960 Agricultural 1,905 4,124 9,566 920 1,318 198 3,997 1 Commercial real estate: Office, retail, and industrial 16,440 9,815 38,296 522 1,861 3,196 6,141 748 Multi-family 1,995 — 1,995 — 3,492 — 3,492 — Construction 123 — 123 — — — — — Other commercial real estate 2,562 1,095 4,008 95 1,545 — 1,612 — Total commercial real estate 21,120 10,910 44,422 617 6,898 3,196 11,245 748 Total impaired loans individually evaluated for impairment $ 33,625 $ 29,574 $ 104,219 $ 3,173 $ 15,766 $ 26,743 $ 64,344 $ 4,709 The following table presents the average recorded investment and interest income recognized on impaired loans by class for the quarters and nine months ended September 30, 2019 and 2018 . PCI loans are excluded from this disclosure. Average Recorded Investment and Interest Income Recognized on Impaired Loans by Class (Dollar amounts in thousands) Quarters Ended September 30, 2019 2018 Average Interest Income Recognized (1) Average Interest Income Recognized (1) Commercial and industrial $ 21,111 $ 74 $ 28,082 $ 123 Agricultural 6,249 9 2,372 — Commercial real estate: Office, retail, and industrial 20,773 2 6,641 105 Multi-family 3,578 48 3,757 11 Construction 123 — — — Other commercial real estate 3,496 42 2,831 68 Total commercial real estate 27,970 92 13,229 184 Total impaired loans $ 55,330 $ 175 $ 43,683 $ 307 Nine Months Ended September 30, 2019 2018 Average Interest (1) Average Interest (1) Commercial and industrial $ 26,275 $ 100 $ 34,440 $ 159 Agricultural 4,032 20 2,153 25 Commercial real estate: Office, retail, and industrial 15,611 6 8,867 873 Multi-family 3,456 48 2,132 66 Construction 62 — — — Other commercial real estate 2,517 84 2,338 181 Total commercial real estate 21,646 138 13,337 1,120 Total impaired loans $ 51,953 $ 258 $ 49,930 $ 1,304 (1) Recorded using the cash basis of accounting. Credit Quality Indicators Corporate loans and commitments are assessed for credit risk and assigned ratings based on various characteristics, such as the borrower's cash flow, leverage, and collateral. Ratings for commercial credits are reviewed periodically. The following tables present credit quality indicators by class for corporate and consumer loans, as of September 30, 2019 and December 31, 2018 . Corporate Credit Quality Indicators by Class (Dollar amounts in thousands) Pass Special Mention (1)(4) Substandard (2)(4) Non-accrual (3) Total As of September 30, 2019 Commercial and industrial $ 4,404,464 $ 63,434 $ 75,724 $ 26,739 $ 4,570,361 Agricultural 373,757 22,495 15,246 6,242 417,740 Commercial real estate: Office, retail, and industrial 1,793,811 41,332 30,922 26,812 1,892,877 Multi-family 799,218 10,068 6,006 2,152 817,444 Construction 612,810 14,147 10,147 152 637,256 Other commercial real estate 1,352,801 33,893 33,918 4,680 1,425,292 Total commercial real estate 4,558,640 99,440 80,993 33,796 4,772,869 Total corporate loans $ 9,336,861 $ 185,369 $ 171,963 $ 66,777 $ 9,760,970 As of December 31, 2018 Commercial and industrial $ 3,952,066 $ 74,878 $ 59,842 $ 33,507 $ 4,120,293 Agricultural 407,542 10,070 11,752 1,564 430,928 Commercial real estate: Office, retail, and industrial 1,735,426 35,853 43,128 6,510 1,820,917 Multi-family 745,131 9,273 6,674 3,107 764,185 Construction 624,446 16,370 8,377 144 649,337 Other commercial real estate 1,294,128 47,736 17,092 2,854 1,361,810 Total commercial real estate 4,399,131 109,232 75,271 12,615 4,596,249 Total corporate loans $ 8,758,739 $ 194,180 $ 146,865 $ 47,686 $ 9,147,470 (1) Loans categorized as special mention exhibit potential weaknesses that require the close attention of management since these potential weaknesses may result in the deterioration of repayment prospects in the future. (2) Loans categorized as substandard exhibit well-defined weaknesses that may jeopardize the liquidation of the debt. These loans continue to accrue interest because they are well-secured, and collection of principal and interest is expected within a reasonable time. (3) Loans categorized as non-accrual exhibit well-defined weaknesses that may jeopardize the liquidation of the debt or result in a loss if the deficiencies are not corrected. (4) Total special mention and substandard loans includes accruing TDR s of $232,000 as of September 30, 2019 and $630,000 as of December 31, 2018 . Consumer Credit Quality Indicators by Class (Dollar amounts in thousands) Performing Non-accrual Total As of September 30, 2019 Home equity $ 826,629 $ 7,326 $ 833,955 1-4 family mortgages 1,683,378 3,589 1,686,967 Installment 491,427 — 491,427 Total consumer loans $ 3,001,434 $ 10,915 $ 3,012,349 As of December 31, 2018 Home equity $ 846,214 $ 5,393 $ 851,607 1-4 family mortgages 1,013,325 3,856 1,017,181 Installment 430,525 — 430,525 Total consumer loans $ 2,290,064 $ 9,249 $ 2,299,313 TDR s TDR s are generally performed at the request of the individual borrower and may include forgiveness of principal, reduction in interest rates, changes in payments, and maturity date extensions. The table below presents TDR s by class as of September 30, 2019 and December 31, 2018 . See Note 1, "Summary of Significant Accounting Policies," for the accounting policy for TDR s. TDR s by Class (Dollar amounts in thousands) As of September 30, 2019 As of December 31, 2018 Accruing Non-accrual (1) Total Accruing Non-accrual (1) Total Commercial and industrial $ 232 $ 4,561 $ 4,793 $ 246 $ 5,994 $ 6,240 Agricultural — — — — — — Commercial real estate: Office, retail, and industrial — — — — — — Multi-family 165 — 165 557 — 557 Construction — — — — — — Other commercial real estate 173 — 173 181 — 181 Total commercial real estate 338 — 338 738 — 738 Total corporate loans 570 4,561 5,131 984 5,994 6,978 Home equity 107 249 356 113 327 440 1-4 family mortgages 745 278 1,023 769 291 1,060 Installment — — — — — — Total consumer loans 852 527 1,379 882 618 1,500 Total loans $ 1,422 $ 5,088 $ 6,510 $ 1,866 $ 6,612 $ 8,478 (1) These TDR s are included in non-accrual loans in the preceding tables. TDR s are included in the calculation of the allowance for credit losses in the same manner as impaired loans. As of September 30, 2019 and December 31, 2018 , there were no specific reserves related to TDR s. There were no material restructurings during the quarters and nine months ended September 30, 2019 and 2018 . Accruing TDR s that do not perform in accordance with their modified terms are transferred to non-accrual. There were no material TDR s that defaulted within twelve months of the restructure date during the quarters and nine months ended September 30, 2019 and 2018 . A rollforward of the carrying value of TDR s for the quarters and nine months ended September 30, 2019 and 2018 is presented in the following table. TDR Rollforward (Dollar amounts in thousands) Quarters Ended Nine Months Ended 2019 2018 2019 2018 Accruing Beginning balance $ 1,441 $ 1,760 $ 1,866 $ 1,796 Additions — — 12 — Net payments (19 ) (19 ) (73 ) (55 ) Net transfers to non-accrual — — (383 ) — Ending balance 1,422 1,741 1,422 1,741 Non-accrual Beginning balance 7,841 8,238 6,612 24,533 Additions — — — 355 Net payments (2,753 ) (1,620 ) (1,279 ) (14,598 ) Charge-offs — (253 ) (628 ) (3,925 ) Net transfers from accruing — — 383 — Ending balance 5,088 6,365 5,088 6,365 Total TDRs $ 6,510 $ 8,106 $ 6,510 $ 8,106 There were $1.6 million and $3.8 million of commitments to lend additional funds to borrowers with TDR s as of September 30, 2019 and December 31, 2018 , respectively. |