Loans | Note 5—Loans The following is a summary of total loans: December 31, (Dollars in thousands) 2020 2019 Loans: Construction and land development (1) $ 1,899,066 $ 1,017,261 Commercial non-owner occupied 5,931,323 2,323,967 Commercial owner occupied real estate 4,842,092 2,158,701 Consumer owner occupied (2) 4,108,042 2,706,960 Home equity loans 1,336,689 758,020 Commercial and industrial 5,047,147 1,386,327 Other income producing property 587,448 346,554 Consumer 894,334 663,422 Other loans 17,993 13,892 Total loans 24,664,134 11,375,104 Less allowance for credit losses (457,309) (61,991) Loans, net $ 24,206,825 $ 11,313,113 (1) Construction and land development includes loans for both commercial construction and development, as well as loans for 1-4 family construction and lot loans. (2) Consumer owner occupied includes loans on both 1-4 family owner occupied property, as well as 1-4 family investment rental property. In accordance with the adoption of ASU 2016-13, the above table reflects the loan portfolio at the amortized cost basis for the year ended December 31, 2020, to include net deferred fees of $35.6 million and unamortized discount total related to loans acquired of $97.7 million. Accrued interest receivable (AIR) of $93.9 million is accounted for separately and reported in other assets. The allowance for credit losses in the comparative periods includes the day 2 valuation allowance on the acquired credit impaired loans, which was $5.1 million at December 31, 2019. The comparative periods in the above table reflect the loan portfolio prior to the adoption of ASU 2016-13. Prior periods were reported as shown in the below tables, with the acquired loans being net of unearned income and of related discounts, which includes the credit discount on the acquired credit impaired loans. The following is a summary of non-acquired loans for comparative periods, prior to the adoption of ASU 2016-13: December 31, (Dollars in thousands) 2019 Non-acquired loans: Commercial non-owner occupied real estate: Construction and land development $ 968,360 Commercial non-owner occupied 1,811,138 Total commercial non-owner occupied real estate 2,779,498 Consumer real estate: Consumer owner occupied 2,118,839 Home equity loans 518,628 Total consumer real estate 2,637,467 Commercial owner occupied real estate 1,784,017 Commercial and industrial 1,280,859 Other income producing property 218,617 Consumer 538,481 Other loans 13,892 Total non-acquired loans 9,252,831 Less allowance for loan losses (56,927) Non-acquired loans, net $ 9,195,904 The following is a summary of acquired non-credit impaired loans accounted for under FASB ASC Topic 310-20, net of related discount, for comparative periods, prior to the adoption of ASU 2016-13: December 31, (Dollars in thousands) 2019 Acquired non-credit impaired loans: Commercial non-owner occupied real estate: Construction and land development $ 33,569 Commercial non-owner occupied 447,441 Total commercial non-owner occupied real estate 481,010 Consumer real estate: Consumer owner occupied 496,431 Home equity loans 188,732 Total consumer real estate 685,163 Commercial owner occupied real estate 307,193 Commercial and industrial 101,880 Other income producing property 95,697 Consumer 89,484 Acquired non-credit impaired loans $ 1,760,427 In accordance with FASB ASC Topic 310-30, we aggregated acquired loans that have common risk characteristics into pools of loan categories as described in the table below. The following is a summary of acquired credit impaired loans accounted for under FASB ASC Topic 310-30 (identified as credit impaired at the time of acquisition), net of related discount, December 31, (Dollars in thousands) 2019 Acquired credit impaired loans: Commercial real estate $ 130,938 Commercial real estate—construction and development 25,032 Residential real estate 163,359 Consumer 35,488 Commercial and industrial 7,029 Acquired credit impaired loans 361,846 Less allowance for loan losses (5,064) Acquired credit impaired loans, net $ 356,782 The Company has purchased loans through its acquisition of CSFL, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loan, at acquisition, is as follows: (Dollars in thousands) June 7, 2020 Book value of acquired loans at acquisition $ 3,091,264 Allowance for credit losses at acquisition (149,404) Non-credit discount at acquisition (14,283) Carrying value or book value of acquired loans at acquisition $ 2,927,577 The following three tables are presented for comparative periods, prior to the adoption of ASU 2016-13, in which accounting rules were different, therefore unrelated to the current reporting period: Contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting carrying values of total acquired credit impaired loans as of December 31, 2019 are as follows: December 31, (Dollars in thousands) 2019 Contractual principal and interest $ 452,818 Non-accretable difference (13,938) Cash flows expected to be collected 438,880 Accretable yield (82,098) Carrying value $ 356,782 Income on acquired credit impaired loans that are not impaired at the acquisition date is recognized in the same manner as loans impaired at the acquisition date. A portion of the fair value discount on acquired non-impaired loans has been ascribed as an accretable yield that is accreted into interest income over the estimated remaining life of the loans. The remaining nonaccretable difference represents cash flows not expected to be collected. The following are changes in the carrying value of acquired credit impaired loans: Year Ended December 31, (Dollars in thousands) 2019 Balance at beginning of period $ 485,119 Net reductions for payments, foreclosures, and accretion (127,877) Change in the allowance for loan losses on acquired loans (460) Balance at end of period, net of allowance for loan losses on acquired credit impaired loans $ 356,782 The following are changes in the carrying amount of accretable yield for acquired credit impaired loans: Year Ended December 31, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 116,754 $ 133,096 Addition from the PSC acquisition — — Park Sterling Corporation ("Park Sterling") acquisition Day 1 adjustment — (1,460) Contractual interest income (26,515) (33,115) Accretion on acquired credit impaired loans (17,813) (19,004) Reclass of nonaccretable difference due to improvement in expected cash flows 9,826 37,501 Other changes, net (154) (264) Balance at end of period $ 82,098 $ 116,754 The table above reflects the changes in the carrying amount of accretable yield for the acquired credit impaired loans and shows both the contractual interest income and incremental accretion for each year. In 2019, the accretable yield balance declined by $34.7 million as total contractual interest and accretion income of $44.3 million was recognized. This was partially offset by improved expected cash flows of $9.8 million. The improved cash flows for previous years were adjusted to accurately reflect the split between income types. As of December 31, 2019, the table above excludes $1.8 billion ($1.8 billion in contractual principal less a $20.3 million discount) in acquired loans which are accounted for under FASB ASC Topic 310-20. These loans were identified as either performing with no discount related to the credit or as a revolving lines of credit (commercial or consumer) at acquisition. As of December 31, 2018, the balance of these acquired loans totaled $2.6 billion ($2.6 billion in contractual principal less a $33.4 million remaining discount). As part of the ongoing monitoring of the credit quality of our loan portfolio, Management tracks certain credit quality indicators, including trends related to (i) the level of classified loans, (ii) net charge-offs, (iii) non-performing loans (see details below), and (iv) the general economic conditions of the markets that we serve. The Company utilizes a risk grading matrix to assign a risk grade to each commercial loan. Classified loans are assessed at a minimum every six months. A description of the general characteristics of the risk grades is as follows: • • Special mention—A special mention loan has 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 the institution’s credit position at some future date. • Substandard—A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that may jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. • Doubtful—A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. Construction and land development loans in the following table are on commercial and speculative real estate. Consumer owner occupied loans are on investment or rental 1-4 properties. The following table presents the credit risk profile by risk grade of commercial loans by origination year: Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total Construction and land development Risk rating: Pass $ 457,433 $ 410,075 $ 133,719 $ 79,345 $ 41,018 $ 53,104 $ 15,502 $ 1,190,196 Special mention 20,912 5,668 707 1,757 1,815 7,293 - 38,152 Substandard 389 2,800 763 2,087 201 3,669 - 9,909 Doubtful - - - - - 8 - 8 Total Construction and land development $ 478,734 $ 418,543 $ 135,189 $ 83,189 $ 43,034 $ 64,074 $ 15,502 $ 1,238,265 Commercial non-owner occupied Risk rating: Pass $ 799,175 $ 1,082,242 $ 844,988 $ 661,092 $ 676,895 $ 1,196,156 $ 58,021 $ 5,318,569 Special mention 42,492 76,890 111,466 44,790 38,637 131,015 - 445,290 Substandard 1,351 49,662 7,497 27,224 38,617 43,109 - 167,460 Doubtful - - - - - 4 - 4 Total Commercial non-owner occupied $ 843,018 $ 1,208,794 $ 963,951 $ 733,106 $ 754,149 $ 1,370,284 $ 58,021 $ 5,931,323 Commercial Owner Occupied Risk rating: Pass $ 805,192 $ 957,412 $ 721,808 $ 603,785 $ 458,065 $ 1,042,755 $ 42,239 $ 4,631,256 Special mention 6,993 15,984 13,021 14,457 13,597 48,775 21 112,848 Substandard 5,729 4,185 4,690 20,122 15,093 48,127 36 97,982 Doubtful 1 - - - - 5 - 6 Total commercial owner occupied $ 817,915 $ 977,581 $ 739,519 $ 638,364 $ 486,755 $ 1,139,662 $ 42,296 $ 4,842,092 Commercial and industrial Risk rating: Pass $ 2,723,320 $ 595,310 $ 450,238 $ 308,914 $ 223,532 $ 419,555 $ 247,169 $ 4,968,038 Special mention 1,566 3,273 3,031 7,243 2,496 25,727 9,368 52,704 Substandard 347 1,070 6,202 7,718 2,808 6,010 2,240 26,395 Doubtful - 2 1 3 3 1 10 Total commercial and industrial $ 2,725,233 $ 599,655 $ 459,472 $ 323,878 $ 228,839 $ 451,293 $ 258,777 $ 5,047,147 Other income producing property Risk rating: Pass $ 95,530 $ 89,648 $ 75,301 $ 55,103 $ 66,351 $ 121,304 $ 6,487 $ 509,724 Special mention 2,613 1,417 1,702 235 879 11,202 100 18,148 Substandard 1,071 1,046 997 19 1,279 13,702 47 18,161 Doubtful - - - - - 6 - 6 Total other income producing property $ 99,214 $ 92,111 $ 78,000 $ 55,357 $ 68,509 $ 146,214 $ 6,634 $ 546,039 Consumer owner occupied Risk rating: Pass $ 7,590 $ 3,527 $ 356 $ 339 $ 1,076 $ 1,290 $ 15,502 $ 29,680 Special mention 130 3,581 249 62 - 124 338 4,484 Substandard 113 387 142 - 5 326 - 973 Doubtful - - - - - - - - Total Consumer owner occupied $ 7,833 $ 7,495 $ 747 $ 401 $ 1,081 $ 1,740 $ 15,840 $ 35,137 Other loans Risk rating: Pass $ 17,993 $ - $ - $ - $ - $ - $ - $ 17,993 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total other loans $ 17,993 $ - $ - $ - $ - $ - $ - $ 17,993 Total Commercial Loans Risk rating: Pass $ 4,906,233 $ 3,138,214 $ 2,226,410 $ 1,708,578 $ 1,466,937 $ 2,834,164 $ 384,920 $ 16,665,456 Special mention 74,706 106,813 130,176 68,544 57,424 224,136 9,827 671,626 Substandard 9,000 59,150 20,291 57,170 58,003 114,943 2,323 320,880 Doubtful 1 2 1 3 3 24 - 34 Total Commercial Loans $ 4,989,940 $ 3,304,179 $ 2,376,878 $ 1,834,295 $ 1,582,367 $ 3,173,267 $ 397,070 $ 17,657,996 For the consumer segment, delinquency of a loan is determined by past due status. Consumer loans are automatically placed on nonaccrual status once the loan is 90 days past due. Construction and land development loans are on 1-4 properties and lots. The following table presents the credit risk profile by past due status of consumer loans by origination year: Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total Consumer owner occupied Days past due: Current $ 810,215 $ 675,928 $ 543,711 $ 508,160 $ 392,754 $ 1,097,008 $ - $ 4,027,776 30 days past due 4,933 7,744 2,816 2,382 3,510 10,522 - 31,907 60 days past due - 350 1,222 621 103 3,068 - 5,364 90 days past due - 176 264 994 875 5,549 - 7,858 Total Consumer owner occupied $ 815,148 $ 684,198 $ 548,013 $ 512,157 $ 397,242 $ 1,116,147 $ - $ 4,072,905 Home equity loans Days past due: Current $ 7,654 $ 6,694 $ 7,670 $ 658 $ 398 $ 30,039 $ 1,276,058 $ 1,329,171 30 days past due 134 52 - 79 - 272 2,324 2,861 60 days past due - - - - - 116 418 534 90 days past due 155 93 - 157 330 1,886 1,502 4,123 Total Home equity loans $ 7,943 $ 6,839 $ 7,670 $ 894 $ 728 $ 32,313 $ 1,280,302 $ 1,336,689 Consumer Days past due: Current $ 291,305 $ 201,330 $ 115,203 $ 62,485 $ 38,272 $ 147,101 $ 32,874 $ 888,570 30 days past due 105 473 454 224 29 1,043 23 2,351 60 days past due 68 143 93 61 37 376 47 825 90 days past due 73 195 272 185 100 1,663 100 2,588 Total consumer $ 291,551 $ 202,141 $ 116,022 $ 62,955 $ 38,438 $ 150,183 $ 33,044 $ 894,334 Construction and land development Days past due: Current $ 370,975 $ 164,260 $ 63,936 $ 18,530 $ 4,497 $ 25,399 $ - $ 647,597 30 days past due 6,172 3,660 161 - 2,255 184 - 12,432 60 days past due 282 - 438 - - - - 720 90 days past due - - - - - 52 - 52 Total Construction and land development $ 377,429 $ 167,920 $ 64,535 $ 18,530 $ 6,752 $ 25,635 $ - $ 660,801 Other income producing property Days past due: Current $ 1,412 $ 1,351 $ 1,310 $ 3,658 $ 2,045 $ 31,592 $ - $ 41,368 30 days past due - - - - - 27 - 27 60 days past due - - - - - 13 - 13 90 days past due - - - - - 1 - 1 Total other income producing property $ 1,412 $ 1,351 $ 1,310 $ 3,658 $ 2,045 $ 31,633 $ - $ 41,409 Total Consumer Loans Days past due: Current $ 1,481,561 $ 1,049,563 $ 731,830 $ 593,491 $ 437,966 $ 1,331,139 $ 1,308,932 $ 6,934,482 30 days past due 11,344 11,929 3,431 2,685 5,794 12,048 2,347 49,578 60 days past due 350 493 1,753 682 140 3,573 465 7,456 90 days past due 228 464 536 1,336 1,305 9,151 1,602 14,622 Total Consumer Loans $ 1,493,483 $ 1,062,449 $ 737,550 $ 598,194 $ 445,205 $ 1,355,911 $ 1,313,346 $ 7,006,138 Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total Total Loans $ 6,483,423 $ 4,366,628 $ 3,114,428 $ 2,432,489 $ 2,027,572 $ 4,529,178 $ 1,710,416 $ 24,664,134 The following table presents the credit risk profile by risk grade of commercial loans for non-acquired loans, for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Construction & Development Commercial Non-owner Occupied Commercial Owner Occupied December 31, December 31, December 31, (Dollars in thousands) 2019 2019 2019 Pass $ 959,206 $ 1,787,306 $ 1,754,801 Special mention 7,095 22,410 19,742 Substandard 2,059 1,422 9,474 Doubtful — — — $ 968,360 $ 1,811,138 $ 1,784,017 Commercial & Industrial Other Income Producing Property Commercial Total December 31, December 31, December 31, 2019 2019 2019 Pass $ 1,256,465 $ 213,291 $ 5,971,069 Special mention 16,055 3,966 69,268 Substandard 8,339 1,360 22,654 Doubtful — — — $ 1,280,859 $ 218,617 $ 6,062,991 The following table presents the credit risk profile by risk grade of consumer loans for non-acquired loans, for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Consumer Owner Occupied Home Equity Consumer December 31, December 31, December 31, (Dollars in thousands) 2019 2019 2019 Pass $ 2,094,080 $ 508,054 $ 536,002 Special mention 9,585 4,490 487 Substandard 15,174 6,084 1,992 Doubtful — — — $ 2,118,839 $ 518,628 $ 538,481 Other Consumer Total December 31, 2019 December 31, 2019 Pass $ 13,892 $ 3,152,028 Special mention — 14,562 Substandard — 23,250 Doubtful — — $ 13,892 $ 3,189,840 The following table presents the credit risk profile by risk grade of total non-acquired loans for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Total Non-acquired Loans December 31, (Dollars in thousands) 2019 Pass $ 9,123,097 Special mention 83,830 Substandard 45,904 Doubtful — $ 9,252,831 The following table presents the credit risk profile by risk grade of commercial loans for acquired non-credit impaired loans for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Construction & Development Commercial Non-owner Occupied Commercial Owner Occupied December 31, December 31, December 31, (Dollars in thousands) 2019 2019 2019 Pass $ 31,690 $ 432,710 $ 300,678 Special mention 966 14,162 3,092 Substandard 913 569 3,423 Doubtful — — — $ 33,569 $ 447,441 $ 307,193 Other Income Producing Commercial & Industrial Property Commercial Total December 31, December 31, December 31, 2019 2019 2019 Pass $ 97,092 $ 87,892 $ 950,062 Special mention 2,948 5,837 27,005 Substandard 1,840 1,968 8,713 Doubtful — — — $ 101,880 $ 95,697 $ 985,780 The following table presents the credit risk profile by risk grade of consumer loans for acquired non-credit impaired loans for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Consumer Owner Occupied Home Equity Consumer December 31, December 31, December 31, (Dollars in thousands) 2019 2019 2019 Pass $ 486,433 $ 174,912 $ 86,535 Special mention 6,434 5,679 654 Substandard 3,564 8,141 2,295 Doubtful — — — $ 496,431 $ 188,732 $ 89,484 Consumer Total December 31, (Dollars in thousands) 2019 Pass $ 747,880 Special mention 12,767 Substandard 14,000 Doubtful — $ 774,647 The following table presents the credit risk profile by risk grade of total acquired non-credit impaired loans for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Total Acquired Non-credit Impaired Loans December 31, (Dollars in thousands) 2019 Pass $ 1,697,942 Special mention 39,772 Substandard 22,713 Doubtful — $ 1,760,427 The following table presents the credit risk profile by risk grade of acquired credit impaired loans (identified as credit-impaired at the time of acquisition), net of the related discount for comparative periods, prior to the adoption of ASU 2016-13, under the incurred loss model: Commercial Real Estate— Construction and Commercial Real Estate Development December 31, December 31, (Dollars in thousands) 2019 2019 Pass $ 108,762 $ 17,756 Special mention 6,465 2,904 Substandard 15,711 4,372 Doubtful — — $ 130,938 $ 25,032 Residential Real Estate Consumer Commercial & Industrial December 31, December 31, December 31, 2019 2019 2019 Pass $ 82,203 $ 4,483 $ 5,160 Special mention 35,968 12,658 286 Substandard 45,188 18,347 1,583 Doubtful — — — $ 163,359 $ 35,488 $ 7,029 Total Acquired Credit Impaired Loans December 31, 2019 Pass $ 218,364 Special mention 58,281 Substandard 85,201 Doubtful — $ 361,846 The risk grading of acquired credit impaired loans is determined utilizing a loan’s contractual balance, while the amount recorded in the financial statements and reflected above is the carrying value. The following table presents an aging analysis of past due accruing loans, segregated by class: 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Non-Accruing Loans December 31, 2020 Construction and land development $ 520 $ 1,142 $ — $ 1,662 $ 1,894,983 $ 2,421 $ 1,899,066 Commercial non-owner occupied 188 372 471 1,031 5,925,696 4,596 5,931,323 Commercial owner occupied 2,900 840 — 3,740 4,812,293 26,059 4,842,092 Consumer owner occupied 1,375 3,632 34 5,041 4,072,255 30,746 4,108,042 Home equity loans 1,805 481 — 2,286 1,324,459 9,944 1,336,689 Commercial and industrial 10,979 22,089 10,864 43,932 4,993,997 9,218 5,047,147 Other income producing property 687 — 278 965 580,353 6,130 587,448 Consumer 1,718 818 4 2,540 885,720 6,074 894,334 Other loans 13 6 — 19 17,974 — 17,993 $ 20,185 $ 29,380 $ 11,651 $ 61,216 $ 24,507,730 $ 95,188 $ 24,664,134 The following table presents an aging analysis of past due accruing loans, segregated by class for non-acquired loans, for comparative periods, prior to the adoption of ASU 2016-13: 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans December 31, 2019 Commercial real estate: Construction and land development $ 321 $ 39 $ 255 $ 615 $ 967,745 $ 968,360 Commercial non-owner occupied 114 — 299 413 1,810,725 1,811,138 Commercial owner occupied 4,011 636 2,302 6,949 1,777,068 1,784,017 Consumer real estate: Consumer owner occupied 1,157 285 2,424 3,866 2,114,973 2,118,839 Home equity loans 1,343 39 562 1,944 516,684 518,628 Commercial and industrial 5,531 100 649 6,280 1,274,579 1,280,859 Other income producing property 208 — 457 665 217,952 218,617 Consumer 825 285 826 1,936 536,545 538,481 Other loans 25 3 — 28 13,864 13,892 $ 13,535 $ 1,387 $ 7,774 $ 22,696 $ 9,230,135 $ 9,252,831 The following table presents an aging analysis of past due accruing loans, segregated by class for acquired non-credit impaired loans, for comparative periods, prior to the adoption of ASU 2016-13: 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans December 31, 2019 Commercial real estate: Construction and land development $ 20 $ — $ 256 $ 276 $ 33,293 $ 33,569 Commercial non-owner occupied 144 1,146 76 1,366 446,075 447,441 Commercial owner occupied 890 702 698 2,290 304,903 307,193 Consumer real estate: Consumer owner occupied 768 151 414 1,333 495,098 496,431 Home equity loans 369 55 1,154 1,578 187,154 188,732 Commercial and industrial 93 204 17 314 101,566 101,880 Other income producing property 378 4,309 551 5,238 90,459 95,697 Consumer 485 613 423 1,521 87,963 89,484 $ 3,147 $ 7,180 $ 3,589 $ 13,916 $ 1,746,511 $ 1,760,427 The following table presents an aging analysis of past due accruing loans, segregated by class for acquired credit impaired loans, for comparative periods, prior to the adoption of ASU 2016-13: 30 - 59 Days 60 - 89 Days 90+ Days Total Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Loans December 31, 2019 Commercial real estate $ 2,283 $ — $ 2,659 $ 4,942 $ 125,996 $ 130,938 Commercial real estate—construction and development — — 393 393 24,639 25,032 Residential real estate 2,838 976 5,571 9,385 153,974 163,359 Consumer 820 283 534 1,637 33,851 35,488 Commercial and industrial 118 910 75 1,103 5,926 7,029 $ 6,059 $ 2,169 $ 9,232 $ 17,460 $ 344,386 $ 361,846 The following is a summary of information pertaining to nonaccrual loans by class, including restructured loans: December 31, December 31, Greater than Non-accrual (Dollars in thousands) 2019 2020 90 Days Accruing (1) with no allowance (1) Construction and land development $ 1,193 $ 2,421 $ — $ 533 Commercial non-owner occupied 1,154 4,596 471 — Commercial owner occupied real estate 4,385 26,059 — 9,351 Consumer owner occupied 9,718 30,746 34 383 Home equity loans 4,640 9,944 — 52 Commercial and industrial 6,913 9,218 10,864 585 Other income producing property 1,947 6,130 278 349 Consumer 3,191 6,074 4 — Total loans on nonaccrual status $ 33,141 $ 95,188 $ 11,651 $ 11,253 (1) There is no interest income recognized during the period on nonaccrual loans. The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Loans on nonaccrual status in which there is no allowance assigned are individually evaluated loans that do not carry a specific reserve. See Note 1 — Summary of Significant Accounting Policies for further detailed on individually evaluated loans. The increase in the nonaccrual balance in the above schedule, compared to December 31, 2019, is mainly due to the addition of nonaccrual loans of million through the merger with CSFL in the second quarter. The increase was also partially due to the addition of million of PCD loans, formerly accounted for as credit impaired loans, prior to the adoption of ASU 2016-13. These loans were previously excluded from nonaccrual loans. The following is a summary of information pertaining to non-acquired nonaccrual loans by class, including restructured loans, for comparative periods, prior to the adoption of ASU 2016-13: December 31, (Dollars in thousands) 2019 Commercial non-owner occupied real estate: Construction and land development $ 363 Commercial non-owner occupied 732 Total commercial non-owner occupied real estate 1,095 Consumer real estate: Consumer owner occupied 7,202 Home equity loans 1,468 Total consumer real estate 8,670 Commercial owner occupied real estate 3,482 Commercial and industrial 4,092 Other income producing property 798 Consumer 1,587 Restructured loans 2,578 Total loans on nonaccrual status $ 22,302 The following is a summary of information pertaining to acquired non-credit impaired nonaccrual loans by class, including restructured loans, for comparative periods, prior to the adoption of ASU 2016-13: December 31, (Dollars in thousands) 2019 Commercial non-owner occupied real estate: Construction and land development $ 699 Commercial non-owner occupied 393 Total commercial non-owner occupied real estate 1,092 Consumer real estate: Consumer owner occupied 2,350 Home equity loans 3,067 Total consumer real estate 5,417 Commercial owner occupied real estate 903 Commercial and industrial 722 Other income producing property 1,101 Consumer 1,604 Total loans on nonaccrual status $ 10,839 The following is a summary of collateral dependent loans, by type of collateral, and the extent to which they are collateralized during the period: December 31, Collateral December 31, Collateral (Dollars in thousands) 2019 Coverage % 2020 Coverage % Commercial non-owner occupied Church $ 245 $ 846 345% $ — $ — Office 1,045 1,800 172% — — Other 398 648 163% — — Retail 299 1,269 424% — — Commercial owner occupied real estate Church — — — — Industrial 738 1,103 149% — — Office 1,076 1,485 138% 1,076 1,485 138% Retail — — 4,849 5,490 113% Other 3,303 7,285 221% 1,010 1,075 106% Consumer owner occupied Other 5,413 9,286 172% — — Home equity loans Other 1,768 2,679 152% — — Commercial and industrial Industrial 291 702 241% — — Other 3,696 8,442 228% — — Other income producing property Other 3,212 10,186 317% — — Consumer Other 363 525 145% — — Total collateral dependent loans $ 21,847 $ 46,256 $ 6,935 $ 8,050 The Bank designates individually evaluated loans (excluding TDRs) on non-accrual with a net book balance exceeding the designated threshold as collateral dependent loans. Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining ACL. Under ASC 326-20-35-6, the Bank has adopted the collateral maintenance practical expedient to measure the ACL based on the fair value of collateral. The ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for selling costs, and amortized cost. If the fair value of the collater |