Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2019 |
Loans and Allowance for Loan Losses | |
Schedule of changes in the carrying value | Six Months Ended June 30, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 485,119 $ 618,803 Net reductions for payments, foreclosures, and accretion (65,139) (67,025) Change in the allowance for loan losses on acquired loans (19) 201 Balance at end of period, net of allowance for loan losses on acquired credit impaired loans $ 419,961 $ 551,979 |
Schedule of changes in allowance for loan losses | Non-acquired Acquired Non-Credit Acquired Credit (Dollars in thousands) Loans Impaired Loans Impaired Loans Total Three Months Ended June 30, 2019: Balance at beginning of period $ 52,008 $ — $ 4,514 $ 56,522 Loans charged-off (1,327) (1,535) — (2,862) Recoveries of loans previously charged off (1) 875 116 — 991 Net charge-offs (452) (1,419) — (1,871) Provision for loan losses charged to operations 2,034 1,419 251 3,704 Reduction due to loan removals — — (142) (142) Balance at end of period $ 53,590 $ — $ 4,623 $ 58,213 Three Months Ended June 30, 2018: Balance at beginning of period $ 45,203 $ — $ 4,084 $ 49,287 Loans charged-off (1,240) (1,183) — (2,423) Recoveries of loans previously charged off (1) 1,051 87 — 1,138 Net charge-offs (189) (1,096) — (1,285) Provision for loan losses charged to operations 2,860 1,096 522 4,478 Reduction due to loan removals — — (180) (180) Balance at end of period $ 47,874 $ — $ 4,426 $ 52,300 Non-acquired Acquired Non-Credit Acquired Credit (Dollars in thousands) Loans Impaired Loans Impaired Loans Total Six Months Ended June 30, 2019: Balance at beginning of period $ 51,194 $ — $ 4,604 $ 55,798 Loans charged-off (2,572) (1,909) — (4,481) Recoveries of loans previously charged off (1) 1,627 322 — 1,949 Net charge-offs (945) (1,587) — (2,532) Provision for loan losses charged to operations 3,341 1,587 264 5,192 Reduction due to loan removals — — (245) (245) Balance at end of period $ 53,590 $ — $ 4,623 $ 58,213 Six Months Ended June 30, 2018: Balance at beginning of period $ 43,448 $ — $ 4,627 $ 48,075 Loans charged-off (2,409) (1,517) — (3,926) Recoveries of loans previously charged off (1) 1,853 252 — 2,105 Net charge-offs (556) (1,265) — (1,821) Provision for losses charged to operations 4,982 1,265 685 6,932 Reduction due to loan removals — — (886) (886) Balance at end of period $ 47,874 $ — $ 4,426 $ 52,300 (1) – Recoveries related to acquired credit impaired loans are recorded through other noninterest income on the consolidated statement of income and do not run through the ALLL. |
Summary of information pertaining to impaired loans | Unpaid Recorded Gross Contractual Investment Recorded Total Principal With No Investment Recorded Related (Dollars in thousands) Balance Allowance With Allowance Investment Allowance June 30, 2019 Commercial real estate: Construction and land development $ 36,539 $ 321 $ 35,809 $ 36,130 $ 715 Commercial non-owner occupied 187 85 16 101 1 Commercial owner occupied 6,673 3,833 1,607 5,440 33 Consumer real estate: Consumer owner occupied 5,989 3,983 1,583 5,566 35 Home equity loans 2,566 1,084 1,352 2,436 125 Commercial and industrial 2,708 509 2,165 2,674 394 Other income producing property 2,333 129 1,935 2,064 78 Consumer 158 — 98 98 3 Total $ 57,153 $ 9,944 $ 44,565 $ 54,509 $ 1,384 December 31, 2018 Commercial real estate: Construction and land development $ 38,314 $ 339 $ 37,574 $ 37,913 $ 788 Commercial non-owner occupied 1,157 536 489 1,025 70 Commercial owner occupied 5,085 3,101 1,041 4,142 27 Consumer real estate: Consumer owner occupied 7,291 4,992 1,769 6,761 41 Home equity loans 2,953 1,129 1,697 2,826 142 Commercial and industrial 1,332 467 824 1,291 416 Other income producing property 3,117 150 2,722 2,872 142 Consumer 211 — 188 188 2 Total $ 59,460 $ 10,714 $ 46,304 $ 57,018 $ 1,628 June 30, 2018 Commercial real estate: Construction and land development $ 42,955 $ 600 $ 41,792 $ 42,392 $ 846 Commercial non-owner occupied 1,505 831 517 1,348 93 Commercial owner occupied 5,733 3,031 1,719 4,750 44 Consumer real estate: Consumer owner occupied 6,085 4,631 997 5,628 30 Home equity loans 3,256 1,146 1,998 3,144 180 Commercial and industrial 1,876 724 1,110 1,834 485 Other income producing property 3,473 234 3,006 3,240 144 Consumer 325 — 257 257 7 Total $ 65,208 $ 11,197 $ 51,396 $ 62,593 $ 1,829 |
Summary of average investment in impaired loans and interest income recognized on impaired loans | Three Months Ended June 30, 2019 2018 Average Average Investment in Interest Income Investment in Interest Income (Dollars in thousands) Impaired Loans Recognized Impaired Loans Recognized Commercial real estate: Construction and land development $ 37,194 $ 310 $ 44,295 $ 298 Commercial non-owner occupied 238 2 1,265 9 Commercial owner occupied 4,830 94 5,164 72 Consumer real estate: Consumer owner occupied 6,226 44 5,561 44 Home equity loans 2,595 32 3,156 36 Commercial and industrial 1,994 66 1,756 19 Other income producing property 2,210 24 3,163 42 Consumer 104 — 285 — Total Impaired Loans $ 55,391 $ 572 $ 64,645 $ 520 Six Months Ended June 30, 2019 2018 Average Average Investment in Interest Income Investment in Interest Income (Dollars in thousands) Impaired Loans Recognized Impaired Loans Recognized Commercial real estate: Construction and land development $ 37,021 $ 791 $ 42,811 $ 810 Commercial non-owner occupied 563 4 1,362 15 Commercial owner occupied 4,791 161 5,196 147 Consumer real estate: Consumer owner occupied 6,164 93 5,630 87 Home equity loans 2,631 64 3,077 65 Commercial and industrial 1,982 86 1,495 36 Other income producing property 2,468 54 3,189 88 Consumer 144 — 248 — Other loans — — — — Total Impaired Loans $ 55,764 $ 1,253 $ 63,008 $ 1,248 |
Non-acquired loans | |
Loans and Allowance for Loan Losses | |
Summary of loans | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Non-acquired loans: Commercial non-owner occupied real estate: Construction and land development $ 879,724 $ 841,445 $ 906,890 Commercial non-owner occupied 1,723,640 1,415,551 1,135,235 Total commercial non-owner occupied real estate 2,603,364 2,256,996 2,042,125 Consumer real estate: Consumer owner occupied 2,079,949 1,936,265 1,733,924 Home equity loans 514,242 495,148 456,946 Total consumer real estate 2,594,191 2,431,413 2,190,870 Commercial owner occupied real estate 1,589,987 1,517,551 1,372,453 Commercial and industrial 1,114,513 1,054,952 941,067 Other income producing property 214,203 214,353 205,507 Consumer 503,468 448,664 416,650 Other loans 1,601 9,357 28,867 Total non-acquired loans 8,621,327 7,933,286 7,197,539 Less allowance for loan losses (53,590) (51,194) (47,874) Non-acquired loans, net $ 8,567,737 $ 7,882,092 $ 7,149,665 |
Schedule of changes in allowance for loan losses | Construction Commercial Commercial Consumer Other Income & Land Non-owner Owner Owner Home Commercial Producing Other (Dollars in thousands) Development Occupied Occupied Occupied Equity & Industrial Property Consumer Loans Total Three Months Ended June 30, 2019 Allowance for loan losses: Balance, March 31, 2019 $ 5,371 $ 9,740 $ 9,629 $ 12,058 $ 3,273 $ 7,249 $ 1,387 $ 3,195 $ 106 $ 52,008 Charge-offs (9) (3) — (48) — (90) (31) (1,146) — (1,327) Recoveries 326 23 41 30 98 138 13 206 — 875 Provision (benefit) 30 551 (144) 392 (194) 198 (10) 1,317 (106) 2,034 Balance, June 30, 2019 $ 5,718 $ 10,311 $ 9,526 $ 12,432 $ 3,177 $ 7,495 $ 1,359 $ 3,572 $ — $ 53,590 Loans individually evaluated for impairment $ 715 $ 1 $ 33 $ 35 $ 125 $ 394 $ 78 $ 3 $ — $ 1,384 Loans collectively evaluated for impairment $ 5,003 $ 10,310 $ 9,493 $ 12,397 $ 3,052 $ 7,101 $ 1,281 $ 3,569 $ — $ 52,206 Loans: Loans individually evaluated for impairment $ 36,130 $ 101 $ 5,440 $ 5,566 $ 2,436 $ 2,674 $ 2,064 $ 98 $ — $ 54,509 Loans collectively evaluated for impairment 843,594 1,723,539 1,584,547 2,074,383 511,806 1,111,839 212,139 503,370 1,601 8,566,818 Total non-acquired loans $ 879,724 $ 1,723,640 $ 1,589,987 $ 2,079,949 $ 514,242 $ 1,114,513 $ 214,203 $ 503,468 $ 1,601 $ 8,621,327 Three Months Ended June 30, 2018 Allowance for loan losses: Balance, March 31, 2018 $ 5,847 $ 6,798 $ 8,346 $ 10,193 $ 3,237 $ 6,333 $ 1,393 $ 2,899 $ 157 $ 45,203 Charge-offs — — (81) — (5) (59) — (1,095) — (1,240) Recoveries 547 2 25 41 27 199 3 207 — 1,051 Provision (benefit) (207) 409 317 711 109 238 17 1,060 206 2,860 Balance, June 30, 2018 $ 6,187 $ 7,209 $ 8,607 $ 10,945 $ 3,368 $ 6,711 $ 1,413 $ 3,071 $ 363 $ 47,874 Loans individually evaluated for impairment $ 846 $ 93 $ 44 $ 30 $ 180 $ 485 $ 144 $ 7 $ — $ 1,829 Loans collectively evaluated for impairment $ 5,341 $ 7,116 $ 8,563 $ 10,915 $ 3,188 $ 6,226 $ 1,269 $ 3,064 $ 363 $ 46,045 Loans: Loans individually evaluated for impairment $ 42,392 $ 1,348 $ 4,750 $ 5,628 $ 3,144 $ 1,834 $ 3,240 $ 257 $ — $ 62,593 Loans collectively evaluated for impairment 864,498 1,133,887 1,367,703 1,728,296 453,802 939,233 202,267 416,393 28,867 7,134,946 Total non-acquired loans $ 906,890 $ 1,135,235 $ 1,372,453 $ 1,733,924 $ 456,946 $ 941,067 $ 205,507 $ 416,650 $ 28,867 $ 7,197,539 Construction Commercial Commercial Consumer Other Income & Land Non-owner Owner Owner Home Commercial Producing Other (Dollars in thousands) Development Occupied Occupied Occupied Equity & Industrial Property Consumer Loans Total Six Months Ended June 30, 2019 Allowance for loan losses: Balance, December 31, 2018 $ 5,682 $ 8,754 $ 9,369 $ 11,913 $ 3,434 $ 7,454 $ 1,446 $ 3,101 $ 41 $ 51,194 Charge-offs (9) (3) (12) (85) (15) (109) (31) (2,308) — (2,572) Recoveries 625 45 66 32 134 209 58 458 — 1,627 Provision (benefit) (580) 1,515 103 572 (376) (59) (114) 2,321 (41) 3,341 Balance, June 30, 2019 $ 5,718 $ 10,311 $ 9,526 $ 12,432 $ 3,177 $ 7,495 $ 1,359 $ 3,572 $ — $ 53,590 Six Months Ended June 30, 2018 Allowance for loan losses: Balance, December 31, 2017 $ 5,921 $ 6,525 $ 8,128 $ 9,668 $ 3,250 $ 5,488 $ 1,375 $ 2,788 $ 305 $ 43,448 Charge-offs (35) — (81) (4) (71) (144) — (2,074) — (2,409) Recoveries 989 4 33 64 128 214 11 410 — 1,853 Provision (benefit) (688) 680 527 1,217 61 1,153 27 1,947 58 4,982 Balance, June 30, 2018 $ 6,187 $ 7,209 $ 8,607 $ 10,945 $ 3,368 $ 6,711 $ 1,413 $ 3,071 $ 363 $ 47,874 |
Schedule of credit risk profile by risk grade of loans | Total Non-acquired Loans June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Pass $ 8,504,898 $ 7,813,938 $ 7,082,951 Special mention 66,580 66,645 67,388 Substandard 49,849 52,703 47,200 Doubtful — — — $ 8,621,327 $ 7,933,286 $ 7,197,539 |
Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans | 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans June 30, 2019 Commercial real estate: Construction and land development $ 630 $ 54 $ 498 $ 1,182 $ 878,542 $ 879,724 Commercial non-owner occupied — — — — 1,723,640 1,723,640 Commercial owner occupied 1,474 4,514 1,161 7,149 1,582,838 1,589,987 Consumer real estate: Consumer owner occupied 669 215 2,953 3,837 2,076,112 2,079,949 Home equity loans 424 136 592 1,152 513,090 514,242 Commercial and industrial 1,007 369 107 1,483 1,113,030 1,114,513 Other income producing property 674 514 110 1,298 212,905 214,203 Consumer 676 415 746 1,837 501,631 503,468 Other loans — — — — 1,601 1,601 $ 5,554 $ 6,217 $ 6,167 $ 17,938 $ 8,603,389 $ 8,621,327 December 31, 2018 Commercial real estate: Construction and land development $ 693 $ 305 $ 452 $ 1,450 $ 839,995 $ 841,445 Commercial non-owner occupied 68 18 396 482 1,415,069 1,415,551 Commercial owner occupied 1,639 1,495 904 4,038 1,513,513 1,517,551 Consumer real estate: Consumer owner occupied 1,460 789 943 3,192 1,933,073 1,936,265 Home equity loans 744 532 713 1,989 493,159 495,148 Commercial and industrial 898 120 573 1,591 1,053,361 1,054,952 Other income producing property 169 26 289 484 213,869 214,353 Consumer 437 174 718 1,329 447,335 448,664 Other loans — — — — 9,357 9,357 $ 6,108 $ 3,459 $ 4,988 $ 14,555 $ 7,918,731 $ 7,933,286 June 30, 2018 Commercial real estate: Construction and land development $ 1,222 $ — $ 344 $ 1,566 $ 905,324 $ 906,890 Commercial non-owner occupied 354 19 659 1,032 1,134,203 1,135,235 Commercial owner occupied 1,578 1,599 1,314 4,491 1,367,962 1,372,453 Consumer real estate: Consumer owner occupied 479 387 900 1,766 1,732,158 1,733,924 Home equity loans 913 473 1,114 2,500 454,446 456,946 Commercial and industrial 762 94 815 1,671 939,396 941,067 Other income producing property 157 5 259 421 205,086 205,507 Consumer 475 202 557 1,234 415,416 416,650 Other loans — — — — 28,867 28,867 $ 5,940 $ 2,779 $ 5,962 $ 14,681 $ 7,182,858 $ 7,197,539 |
Non-acquired loans | Consumer | |
Loans and Allowance for Loan Losses | |
Schedule of credit risk profile by risk grade of loans | Consumer Owner Occupied Home Equity Consumer June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 2,052,808 $ 1,909,427 $ 1,706,574 $ 502,305 $ 481,607 $ 443,953 $ 501,474 $ 446,823 $ 415,053 Special mention 9,936 11,304 12,566 5,731 7,293 6,805 443 437 623 Substandard 17,205 15,534 14,784 6,206 6,248 6,188 1,551 1,404 974 Doubtful — — — — — — — — — $ 2,079,949 $ 1,936,265 $ 1,733,924 $ 514,242 $ 495,148 $ 456,946 $ 503,468 $ 448,664 $ 416,650 Other Consumer Total June 30, 2019 December 31, 2018 June 30, 2018 June 30, 2019 December 31, 2018 June 30, 2018 Pass $ 1,601 $ 9,357 $ 28,867 $ 3,058,188 $ 2,847,214 $ 2,594,447 Special mention — — — 16,110 19,034 19,994 Substandard — — — 24,962 23,186 21,946 Doubtful — — — — — — $ 1,601 $ 9,357 $ 28,867 $ 3,099,260 $ 2,889,434 $ 2,636,387 |
Non-acquired loans | Commercial loans | |
Loans and Allowance for Loan Losses | |
Schedule of credit risk profile by risk grade of loans | Construction & Development Commercial Non-owner Occupied Commercial Owner Occupied June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 871,393 $ 832,612 $ 895,887 $ 1,714,606 $ 1,407,744 $ 1,126,099 $ 1,561,594 $ 1,480,267 $ 1,343,624 Special mention 5,948 6,015 7,858 7,557 6,427 7,378 16,310 24,576 18,808 Substandard 2,383 2,818 3,145 1,477 1,380 1,758 12,083 12,708 10,021 Doubtful — — — — — — — — — $ 879,724 $ 841,445 $ 906,890 $ 1,723,640 $ 1,415,551 $ 1,135,235 $ 1,589,987 $ 1,517,551 $ 1,372,453 Commercial & Industrial Other Income Producing Property Commercial Total June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 1,090,519 $ 1,037,915 $ 923,995 $ 208,598 $ 208,186 $ 198,899 $ 5,446,710 $ 4,966,724 $ 4,488,504 Special mention 16,279 5,887 8,522 4,376 4,706 4,828 50,470 47,611 47,394 Substandard 7,715 11,150 8,550 1,229 1,461 1,780 24,887 29,517 25,254 Doubtful — — — — — — — — — $ 1,114,513 $ 1,054,952 $ 941,067 $ 214,203 $ 214,353 $ 205,507 $ 5,522,067 $ 5,043,852 $ 4,561,152 |
Acquired credit impaired loans | |
Loans and Allowance for Loan Losses | |
Summary of loans | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Acquired credit impaired loans: Commercial real estate $ 164,540 $ 196,764 $ 227,739 Commercial real estate—construction and development 27,014 32,942 40,951 Residential real estate 184,208 207,482 229,502 Consumer 38,624 42,492 45,633 Commercial and industrial 10,198 10,043 12,580 Acquired credit impaired loans 424,584 489,723 556,405 Less allowance for loan losses (4,623) (4,604) (4,426) Acquired credit impaired loans, net $ 419,961 $ 485,119 $ 551,979 |
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting carrying values | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Contractual principal and interest $ 538,730 $ 626,691 $ 717,180 Non-accretable difference (18,156) (24,818) (43,397) Cash flows expected to be collected 520,574 601,873 673,783 Accretable yield (100,613) (116,754) (121,804) Carrying value $ 419,961 $ 485,119 $ 551,979 |
Schedule of refined accretable yield balance | Six Months Ended June 30, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 116,754 $ 133,096 PSC acquisition Day 1 adjustment — (1,460) Contractual interest income (14,189) (17,050) Accretion on acquired credit impaired loans (10,287) (9,013) Reclass of nonaccretable difference due to improvement in expected cash flows 8,468 16,453 Other changes, net (133) (222) Balance at end of period $ 100,613 $ 121,804 |
Schedule of changes in allowance for loan losses | Commercial Real Estate- Commercial Construction and Residential Commercial (Dollars in thousands) Real Estate Development Real Estate Consumer and Industrial Total Three Months Ended June 30, 2019 Allowance for loan losses: Balance, March 31, 2019 $ 847 $ 717 $ 2,164 $ 707 $ 79 $ 4,514 Provision (benefit) for loan losses 162 81 279 (237) (34) 251 Reduction due to loan removals — — (97) — (45) (142) Balance, June 30, 2019 $ 1,009 $ 798 $ 2,346 $ 470 $ — $ 4,623 Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment $ 1,009 $ 798 $ 2,346 $ 470 $ — $ 4,623 Loans:* Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 164,540 27,014 184,208 38,624 10,198 424,584 Total acquired credit impaired loans $ 164,540 $ 27,014 $ 184,208 $ 38,624 $ 10,198 $ 424,584 Three Months Ended June 30, 2018 Allowance for loan losses: Balance , March 31, 2018 $ 261 $ 215 $ 2,509 $ 594 $ 505 $ 4,084 Provision (benefit) for loan losses 375 390 137 (19) (361) 522 Reduction due to loan removals — (29) (132) (3) (16) (180) Balance, June 30, 2018 $ 636 $ 576 $ 2,514 $ 572 $ 128 $ 4,426 Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment $ 636 $ 576 $ 2,514 $ 572 $ 128 $ 4,426 Loans:* Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 227,739 40,951 229,502 45,633 12,580 556,405 Total acquired credit impaired loans $ 227,739 $ 40,951 $ 229,502 $ 45,633 $ 12,580 $ 556,405 Commercial Real Estate- Commercial Construction and Residential Commercial (Dollars in thousands) Real Estate Development Real Estate Consumer and Industrial Total Six Months Ended June 30, 2019 Allowance for loan losses: Balance, December 31, 2018 $ 801 $ 717 $ 2,246 $ 761 $ 79 $ 4,604 Provision (benefit) for loan losses 213 81 295 (291) (34) 264 Reduction due to loan removals (5) — (195) — (45) (245) Balance, June 30, 2019 $ 1,009 $ 798 $ 2,346 $ 470 $ — $ 4,623 Six Months Ended June 30, 2018 Allowance for loan losses: Balance, December 31, 2017 $ 288 $ 180 $ 3,553 $ 461 $ 145 $ 4,627 Provision (benefit) for loan losses 361 478 (807) 114 539 685 Reduction due to loan removals (13) (82) (232) (3) (556) (886) Balance, June 30, 2018 $ 636 $ 576 $ 2,514 $ 572 $ 128 $ 4,426 *— The carrying value of acquired credit impaired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans. |
Schedule of credit risk profile by risk grade of loans | Commercial Real Estate— Construction and Commercial Real Estate Development June 30, December 31, June 30, June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 2019 2018 2018 Pass $ 132,852 $ 160,788 $ 177,996 $ 18,665 $ 20,293 $ 25,243 Special mention 13,811 14,393 22,568 3,181 3,001 4,884 Substandard 17,877 21,583 27,175 5,168 9,648 10,824 Doubtful — — — — — — $ 164,540 $ 196,764 $ 227,739 $ 27,014 $ 32,942 $ 40,951 Residential Real Estate Consumer Commercial & Industrial June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 93,303 $ 104,181 $ 116,461 $ 4,896 $ 5,751 $ 6,144 $ 6,389 $ 5,093 $ 6,161 Special mention 39,020 41,964 46,089 13,250 14,484 15,613 508 546 1,139 Substandard 51,885 61,337 66,952 20,478 22,257 23,876 3,301 4,404 5,280 Doubtful — — — — — — — — — $ 184,208 $ 207,482 $ 229,502 $ 38,624 $ 42,492 $ 45,633 $ 10,198 $ 10,043 $ 12,580 Total Acquired Credit Impaired Loans June 30, December 31, June 30, 2019 2018 2018 Pass $ 256,105 $ 296,106 $ 332,005 Special mention 69,770 74,388 90,293 Substandard 98,709 119,229 134,107 Doubtful — — — $ 424,584 $ 489,723 $ 556,405 |
Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans | 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans June 30, 2019 Commercial real estate $ 883 $ 244 $ 4,263 $ 5,390 $ 159,150 $ 164,540 Commercial real estate—construction and development 126 — 152 278 26,736 27,014 Residential real estate 3,011 2,101 4,302 9,414 174,794 184,208 Consumer 567 174 664 1,405 37,219 38,624 Commercial and industrial 49 — 80 129 10,069 10,198 $ 4,636 $ 2,519 $ 9,461 $ 16,616 $ 407,968 $ 424,584 December 31, 2018 Commercial real estate $ 876 $ 112 $ 4,533 $ 5,521 $ 191,243 $ 196,764 Commercial real estate—construction and development 115 12 2,816 2,943 29,999 32,942 Residential real estate 4,620 1,251 8,487 14,358 193,124 207,482 Consumer 722 90 839 1,651 40,841 42,492 Commercial and industrial 2,437 — 88 2,525 7,518 10,043 $ 8,770 $ 1,465 $ 16,763 $ 26,998 $ 462,725 $ 489,723 June 30, 2018 Commercial real estate $ 621 $ 553 $ 7,637 $ 8,811 $ 218,928 $ 227,739 Commercial real estate—construction and development 175 — 3,212 3,387 37,564 40,951 Residential real estate 5,279 3,989 6,948 16,216 213,286 229,502 Consumer 767 174 763 1,704 43,929 45,633 Commercial and industrial 125 386 465 976 11,604 12,580 $ 6,967 $ 5,102 $ 19,025 $ 31,094 $ 525,311 $ 556,405 |
Non acquired non-accrual loans | |
Loans and Allowance for Loan Losses | |
Summary of information pertaining to nonaccrual loans by class | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Commercial non-owner occupied real estate: Construction and land development $ 299 $ 424 $ 423 Commercial non-owner occupied 481 831 1,109 Total commercial non-owner occupied real estate 780 1,255 1,532 Consumer real estate: Consumer owner occupied 6,688 7,109 6,465 Home equity loans 1,740 2,333 2,308 Total consumer real estate 8,428 9,442 8,773 Commercial owner occupied real estate 3,459 1,068 1,526 Commercial and industrial 285 647 811 Other income producing property 351 500 323 Consumer 1,351 1,267 893 Restructured loans 671 648 902 Total loans on nonaccrual status $ 15,325 $ 14,827 $ 14,760 |
Acquired non-credit impaired loans | |
Loans and Allowance for Loan Losses | |
Summary of loans | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Acquired non-credit impaired loans: Commercial non-owner occupied real estate: Construction and land development $ 60,391 $ 165,070 $ 281,282 Commercial non-owner occupied 595,367 679,253 752,465 Total commercial non-owner occupied real estate 655,758 844,323 1,033,747 Consumer real estate: Consumer owner occupied 577,284 628,813 676,596 Home equity loans 208,777 242,425 278,906 Total consumer real estate 786,061 871,238 955,502 Commercial owner occupied real estate 376,187 421,841 486,254 Commercial and industrial 151,579 212,537 304,864 Other income producing property 111,006 133,110 169,392 Consumer 99,690 111,777 126,665 Acquired non-credit impaired loans $ 2,180,281 $ 2,594,826 $ 3,076,424 |
Schedule of changes in allowance for loan losses | Construction Commercial Commercial Consumer Other Income & Land Non-owner Owner Owner Home Commercial Producing (Dollars in thousands) Development Occupied Occupied Occupied Equity & Industrial Property Consumer Total Three Months Ended June 30, 2019 Allowance for loan losses: Balance at beginning of period $ — $ — $ — $ — $ — $ — $ — $ — $ — Charge-offs — — (786) (6) (168) (506) — (69) (1,535) Recoveries 1 — — 3 24 6 71 11 116 Provision (benefit) (1) — 786 3 144 500 (71) 58 1,419 Balance, June 30, 2019 $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 60,391 595,367 376,187 577,284 208,777 151,579 111,006 99,690 2,180,281 Total acquired non-credit impaired loans $ 60,391 $ 595,367 $ 376,187 $ 577,284 $ 208,777 $ 151,579 $ 111,006 $ 99,690 $ 2,180,281 Three Months Ended June 30, 2018 Allowance for loan losses: Balance at beginning of period $ — $ — $ — $ — $ — $ — $ — $ — $ — Charge-offs (106) — (28) — (158) (764) — (127) (1,183) Recoveries 6 — — 5 28 2 — 46 87 Provision (benefit) 100 — 28 (5) 130 762 — 81 1,096 Balance, June 30, 2018 $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 281,282 752,465 486,254 676,596 278,906 304,864 169,392 126,665 3,076,424 Total acquired non-credit impaired loans $ 281,282 $ 752,465 $ 486,254 $ 676,596 $ 278,906 $ 304,864 $ 169,392 $ 126,665 $ 3,076,424 Construction Commercial Commercial Consumer Other Income & Land Non-owner Owner Owner Home Commercial Producing (Dollars in thousands) Development Occupied Occupied Occupied Equity & Industrial Property Consumer Total Six Months Ended June 30, 2019 Allowance for loan losses: Balance, December 31, 2018 $ — $ — $ — $ — $ — $ — $ — $ — $ — Charge-offs (6) — (786) (6) (240) (640) (26) (205) (1,909) Recoveries 2 — — 5 46 171 71 27 322 Provision (benefit) 4 — 786 1 194 469 (45) 178 1,587 Balance, June 30, 2019 $ — $ — $ — $ — $ — $ — $ — $ — $ — Six Months Ended June 30, 2018 Allowance for loan losses: Balance, December 31, 2017 $ — $ — $ — $ — $ — $ — $ — $ — $ — Charge-offs (107) — (28) (70) (240) (807) — (265) (1,517) Recoveries 7 — — 62 79 55 — 49 252 Provision (benefit) 100 — 28 8 161 752 — 216 1,265 Balance, June 30, 2018 $ — $ — $ — $ — $ — $ — $ — $ — $ — |
Schedule of credit risk profile by risk grade of loans | Total Acquired Non-credit Impaired Loans June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Pass $ 2,109,875 $ 2,523,010 $ 3,006,269 Special mention 41,016 48,716 46,650 Substandard 29,390 23,100 23,505 Doubtful — — — $ 2,180,281 $ 2,594,826 $ 3,076,424 |
Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans | 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans June 30, 2019 Commercial real estate: Construction and land development $ 169 $ 169 $ 317 $ 655 $ 59,736 $ 60,391 Commercial non-owner occupied 640 — 265 905 594,462 595,367 Commercial owner occupied 933 366 891 2,190 373,997 376,187 Consumer real estate: Consumer owner occupied 970 — 413 1,383 575,901 577,284 Home equity loans 1,107 322 587 2,016 206,761 208,777 Commercial and industrial 1,266 1,543 323 3,132 148,447 151,579 Other income producing property 897 10 109 1,016 109,990 111,006 Consumer 424 194 323 941 98,749 99,690 $ 6,406 $ 2,604 $ 3,228 $ 12,238 $ 2,168,043 $ 2,180,281 December 31, 2018 Commercial real estate: Construction and land development $ 647 $ 45 $ 365 $ 1,057 $ 164,013 $ 165,070 Commercial non-owner occupied 607 21 283 911 678,342 679,253 Commercial owner occupied 964 1,006 — 1,970 419,871 421,841 Consumer real estate: Consumer owner occupied 1,127 621 789 2,537 626,276 628,813 Home equity loans 1,286 442 2,209 3,937 238,488 242,425 Commercial and industrial 2,648 130 19 2,797 209,740 212,537 Other income producing property 603 276 129 1,008 132,102 133,110 Consumer 574 209 532 1,315 110,462 111,777 $ 8,456 $ 2,750 $ 4,326 $ 15,532 $ 2,579,294 $ 2,594,826 June 30, 2018 Commercial real estate: Construction and land development $ 666 $ 66 $ 309 $ 1,041 $ 280,241 $ 281,282 Commercial non-owner occupied 2,936 — 157 3,093 749,372 752,465 Commercial owner occupied 1,121 11 737 1,869 484,385 486,254 Consumer real estate: Consumer owner occupied 1,434 207 860 2,501 674,095 676,596 Home equity loans 1,656 326 2,197 4,179 274,727 278,906 Commercial and industrial 115 118 21 254 304,610 304,864 Other income producing property 544 14 145 703 168,689 169,392 Consumer 436 717 296 1,449 125,216 126,665 $ 8,908 $ 1,459 $ 4,722 $ 15,089 $ 3,061,335 $ 3,076,424 |
Summary of information pertaining to nonaccrual loans by class | June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 Commercial non-owner occupied real estate: Construction and land development $ 1,207 $ 252 $ 369 Commercial non-owner occupied 277 283 — Total commercial non-owner occupied real estate 1,484 535 369 Consumer real estate: Consumer owner occupied 1,699 3,864 2,136 Home equity loans 3,023 4,512 4,234 Total consumer real estate 4,722 8,376 6,370 Commercial owner occupied real estate 1,108 1,470 885 Commercial and industrial 964 1,296 101 Other income producing property 228 244 254 Consumer 1,442 1,568 1,394 Total loans on nonaccrual status $ 9,948 $ 13,489 $ 9,373 |
Acquired non-credit impaired loans | Commercial loans | |
Loans and Allowance for Loan Losses | |
Schedule of credit risk profile by risk grade of loans | Commercial Non-owner Construction & Development Occupied Commercial Owner Occupied June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 58,165 $ 163,777 $ 279,239 $ 583,416 $ 665,913 $ 738,293 $ 359,783 $ 411,783 $ 479,399 Special mention 821 838 1,449 5,753 13,018 14,164 12,841 5,664 5,871 Substandard 1,405 455 594 6,198 322 8 3,563 4,394 984 Doubtful — — — — — — — — — $ 60,391 $ 165,070 $ 281,282 $ 595,367 $ 679,253 $ 752,465 $ 376,187 $ 421,841 $ 486,254 Other Income Producing Commercial & Industrial Property Commercial Total June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 145,733 $ 202,399 $ 291,755 $ 103,325 $ 125,399 $ 165,188 $ 1,250,422 $ 1,569,271 $ 1,953,874 Special mention 2,616 6,523 5,248 6,140 6,419 3,381 28,171 32,462 30,113 Substandard 3,230 3,615 7,861 1,541 1,292 823 15,937 10,078 10,270 Doubtful — — — — — — — — — $ 151,579 $ 212,537 $ 304,864 $ 111,006 $ 133,110 $ 169,392 $ 1,294,530 $ 1,611,811 $ 1,994,257 |
Acquired non-credit impaired loans | Consumer | |
Loans and Allowance for Loan Losses | |
Schedule of credit risk profile by risk grade of loans | Consumer Owner Occupied Home Equity Consumer June 30, December 31, June 30, June 30, December 31, June 30, June 30, December 31, June 30, (Dollars in thousands) 2019 2018 2018 2019 2018 2018 2019 2018 2018 Pass $ 566,433 $ 617,391 $ 664,594 $ 196,254 $ 227,515 $ 263,994 $ 96,766 $ 108,833 $ 123,807 Special mention 6,749 7,868 7,495 5,459 7,688 8,319 637 698 723 Substandard 4,102 3,554 4,507 7,064 7,222 6,593 2,287 2,246 2,135 Doubtful — — — — — — — — — $ 577,284 $ 628,813 $ 676,596 $ 208,777 $ 242,425 $ 278,906 $ 99,690 $ 111,777 $ 126,665 Consumer Total June 30, December 31, June 30, 2019 2018 2018 Pass $ 859,453 $ 953,739 $ 1,052,395 Special mention 12,845 16,254 16,537 Substandard 13,453 13,022 13,235 Doubtful — — — $ 885,751 $ 983,015 $ 1,082,167 |