Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4: LOANS AND ALLOWANCE FOR LOAN LOSSES At September 30, 2016, the Company’s loan portfolio was $5.401 billion, compared to $4.919 billion at December 31, 2015. The various categories of loans are summarized as follows: (In thousands) September 30, December 31, Consumer: Credit cards $ 175,032 $ 177,288 Other consumer 275,947 208,380 Total consumer 450,979 385,668 Real Estate: Construction 304,082 279,740 Single family residential 841,958 696,180 Other commercial 1,521,132 1,229,072 Total real estate 2,667,172 2,204,992 Commercial: Commercial 607,738 500,116 Agricultural 203,529 148,563 Total commercial 811,267 648,679 Other 13,671 7,115 Loans 3,943,089 3,246,454 Loans acquired, net of discount and allowance (1) 1,458,198 1,672,901 Total loans $ 5,401,287 $ 4,919,355 ______________________________ (1) See Note 5, Loans Acquired, for segregation of loans acquired by loan class. Loan Origination/Risk Management Consumer Real estate Commercial Nonaccrual and Past Due Loans Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows: (In thousands) September 30, December 31, Consumer: Credit cards $ 310 $ 212 Other consumer 1,406 442 Total consumer 1,716 654 Real estate: Construction 3,636 4,955 Single family residential 11,084 5,453 Other commercial 15,721 4,420 Total real estate 30,441 14,828 Commercial: Commercial 3,404 1,968 Agricultural 1,582 264 Total commercial 4,986 2,232 Total $ 37,143 $ 17,714 An age analysis of past due loans, excluding loans acquired, segregated by class of loans, is as follows: (In thousands) Gross 90 Days Total Current Total 90 Days September 30, 2016 Consumer: Credit cards $ 694 $ 446 $ 1,140 $ 173,892 $ 175,032 $ 137 Other consumer 1,741 865 2,606 273,341 275,947 -- Total consumer 2,435 1,311 3,746 447,233 450,979 137 Real estate: Construction 2,230 1,150 3,380 300,702 304,082 -- Single family residential 3,919 5,501 9,420 832,538 841,958 7 Other commercial 9,118 3,999 13,117 1,508,015 1,521,132 -- Total real estate 15,267 10,650 25,917 2,641,255 2,667,172 7 Commercial: Commercial 1,369 1,886 3,255 604,483 607,738 -- Agricultural 284 1,507 1,791 201,738 203,529 -- Total commercial 1,653 3,393 5,046 806,221 811,267 -- Other -- -- -- 13,671 13,671 -- Total $ 19,355 $ 15,354 $ 34,709 $ 3,908,380 $ 3,943,089 $ 144 December 31, 2015 Consumer: Credit cards $ 639 $ 479 $ 1,118 $ 176,170 $ 177,288 $ 267 Other consumer 1,879 648 2,527 205,853 208,380 374 Total consumer 2,518 1,127 3,645 382,023 385,668 641 Real estate: Construction 1,328 4,511 5,839 273,901 279,740 -- Single family residential 4,856 3,342 8,198 687,982 696,180 364 Other commercial 869 3,302 4,171 1,224,901 1,229,072 25 Total real estate 7,053 11,155 18,208 2,186,784 2,204,992 389 Commercial: Commercial 3,427 637 4,064 496,052 500,116 90 Agricultural 285 243 528 148,035 148,563 56 Total commercial 3,712 880 4,592 644,087 648,679 146 Other 108 93 201 6,914 7,115 15 Total $ 13,391 $ 13,255 $ 26,646 $ 3,219,808 $ 3,246,454 $ 1,191 Impaired Loans Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual loan basis for other loans. Impaired loans, or portions thereof, are charged-off when deemed uncollectible. Impaired loans, net of government guarantees and excluding loans acquired, segregated by class of loans, are as follows: (In thousands) Unpaid Recorded Investment Recorded Total Related Average Interest Average Investment in Interest September 30, 2016 Three Months Ended Nine Months Ended Consumer: Credit cards $ 446 $ 446 $ -- $ 446 $ -- $ 439 $ -- $ 340 $ 10 Other consumer 1,469 1,404 3 1,407 1 1,324 14 882 32 Total consumer 1,915 1,850 3 1,853 1 1,763 14 1,222 42 Real estate: Construction 4,472 3,056 579 3,635 155 4,474 44 4,692 170 Single family residential 11,813 9,610 1,728 11,338 259 10,897 119 8,762 317 Other commercial 23,130 15,934 151 16,085 101 18,981 178 15,113 547 Total real estate 39,415 28,600 2,458 31,058 515 34,352 341 28,567 1,034 Commercial: Commercial 7,174 3,325 2,633 5,958 64 4,402 59 3,256 118 Agricultural 2,594 1,582 -- 1,582 -- 1,604 16 1,003 36 Total commercial 9,768 4,907 2,633 7,540 64 6,006 75 4,259 154 Total $ 51,098 $ 35,357 $ 5,094 $ 40,451 $ 580 $ 42,121 $ 430 $ 34,048 $ 1,230 December 31, 2015 Three Months Ended Nine Months Ended Consumer: Credit cards $ 479 $ 479 $ -- $ 479 $ 7 $ 450 $ 8 $ 394 $ 20 Other consumer 459 423 19 442 85 612 13 592 33 Total consumer 938 902 19 921 92 1,062 21 986 53 Real estate: Construction 5,678 1,636 3,318 4,954 441 6,230 109 5,532 306 Single family residential 5,938 4,702 945 5,647 1,034 4,945 108 5,023 278 Other commercial 5,688 4,328 88 4,416 832 3,175 68 2,830 157 Total real estate 17,304 10,666 4,351 15,017 2,307 14,350 285 13,385 741 Commercial: Commercial 2,656 1,654 334 1,988 387 1,488 39 1,673 93 Agricultural 264 264 -- 264 45 180 5 252 14 Total commercial 2,920 1,918 334 2,252 432 1,668 44 1,925 107 Total $ 21,162 $ 13,486 $ 4,704 $ 18,190 $ 2,831 $ 17,080 $ 350 $ 16,296 $ 901 At September 30, 2016, and December 31, 2015, impaired loans, net of government guarantees and excluding loans acquired, totaled $40.5 million and $18.2 million, respectively. Allocations of the allowance for loan losses relative to impaired loans were $580,000 and $2.8 million at September 30, 2016 and December 31, 2015, respectively. Approximately $430,000 and $1.2 million of interest income was recognized on average impaired loans of $42.1 million and $34.0 million for the three and nine months ended September 30, 2016. Interest income recognized on impaired loans on a cash basis during the three and nine months ended September 30, 2016 and 2015 was not material. Included in certain impaired loan categories are troubled debt restructurings (“TDRs”). When the Company restructures a loan to a borrower that is experiencing financial difficulty and grants a concession that it would not otherwise consider, a “troubled debt restructuring” results and the Company classifies the loan as a TDR. The Company grants various types of concessions, primarily interest rate reduction and/or payment modifications or extensions, with an occasional forgiveness of principal. Under ASC Topic 310-10-35 – Subsequent Measurement Once an obligation has been restructured because of such credit problems, it continues to be considered a TDR until paid in full; or, if an obligation yields a market interest rate and no longer has any concession regarding payment amount or amortization, then it is not considered a TDR at the beginning of the calendar year after the year in which the improvement takes place. The Company returns TDRs to accrual status only if (1) all contractual amounts due can reasonably be expected to be repaid within a prudent period, and (2) repayment has been in accordance with the contract for a sustained period, typically at least six months. The following table presents a summary of troubled debt restructurings, excluding loans acquired, segregated by class of loans. Accruing TDR Loans Nonaccrual TDR Loans Total TDR Loans (Dollars in thousands) Number Balance Number Balance Number Balance September 30, 2016 Consumer: Other consumer -- $ -- 2 $ 11 2 $ 11 Total consumer -- -- 2 11 2 11 Real estate: Construction -- -- 1 22 1 22 Single-family residential 2 136 31 2,543 33 2,679 Other commercial 27 11,683 1 66 28 11,749 Total real estate 29 11,819 33 2,631 62 14,450 Commercial: Commercial 14 1,785 5 303 19 2,088 Total commercial 14 1,785 5 303 19 2,088 Total 43 $ 13,604 40 $ 2,945 83 $ 16,549 December 31, 2015 Consumer: Other consumer -- $ -- 1 $ 13 1 $ 13 Total consumer -- -- 1 13 1 13 Real estate: Construction -- -- 1 253 1 253 Single-family residential 2 137 11 1,335 13 1,472 Other commercial 4 2,894 1 597 5 3,491 Total real estate 6 3,031 13 2,185 19 5,216 Commercial: Commercial -- -- 5 332 5 332 Total commercial -- -- 5 332 5 332 Total 6 $ 3,031 19 $ 2,530 25 $ 5,561 The following table presents loans that were restructured as TDRs during the three and nine months ended September 30, 2016 and 2015, excluding loans acquired, segregated by class of loans. Modification Type (Dollars in thousands) Number of Balance Prior Balance at Change in Change in Financial Impact Three Months Ended September 30, 2016 Consumer: Other consumer 1 $ 47 $ 8 $ 8 $ -- $ -- Total consumer 1 47 8 8 -- -- Real Estate: Single-family residential 13 742 694 694 -- -- Other commercial 2 835 834 66 768 -- Total real estate 15 1,577 1,528 760 768 -- Commercial: Commercial 5 1,387 1,387 1,387 -- -- Total commercial 5 1,387 1,387 1,387 -- -- Total 21 $ 3,011 $ 2,923 $ 2,155 $ 768 $ -- Three Months Ended September 30, 2015 Consumer: Other consumer 1 $ 14 $ 14 $ 14 $ -- $ -- Total consumer 1 14 14 14 -- -- Real Estate: Single-family residential 2 249 207 207 -- -- Other commercial 5 347 339 339 -- -- Total real estate 7 596 546 546 -- -- Total 8 $ 610 $ 560 $ 560 $ -- $ -- Nine Months Ended September 30, 2016 Consumer: Other consumer 2 $ 50 $ 11 $ 11 $ -- $ -- Total consumer 2 50 11 11 -- -- Real estate: Single-family residential 22 1,538 1,487 933 554 -- Other commercial 27 9,797 9,765 8,633 1,132 -- Total real estate 49 11,335 11,252 9,566 1,686 -- Commercial: Commercial 16 1,987 1,959 1,959 -- -- Total commercial 16 1,987 1,959 1,959 -- -- Total 67 $ 13,372 $ 13,222 $ 11,536 $ 1,686 $ -- Nine Months Ended September 30, 2015 Consumer: Other consumer 1 $ 14 $ 14 $ 14 $ -- $ -- Total consumer 1 14 14 14 -- -- Real estate: Single-family residential 8 958 914 914 -- -- Other commercial 6 366 339 339 -- -- Total real estate 14 1,324 1,253 1,253 -- -- Total 15 $ 1,338 $ 1,267 $ 1,267 $ -- $ -- During the three months ended September 30, 2016, the Company modified 21 loans with a recorded investment of $3.0 million prior to modification which were deemed troubled debt restructuring. The restructured loans were modified by deferring amortized principal payments, changing the maturity date, changing the interest rate and requiring interest only payments for a period of 12 months. Based on the fair value of the collateral, a specific reserve of $78,000 was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, as it was not considered necessary to charge-off interest or principal on the date of restructure. During the nine months ended September 30, 2016, the Company modified 67 loans with a recorded investment of $13.4 million prior to modification which was deemed troubled debt restructuring. The restructured loans were modified by deferring amortized principal payments, changing the maturity date, changing the interest rate and requiring interest only payments for a period of 12 months. Based on the fair value of the collateral, a specific reserve of $402,000 was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, as it was not considered necessary to charge-off interest or principal on the date of restructure. During the three months ended September 30, 2015, the Company modified eight loans with a recorded investment of $610,000 and during the nine months ended September 30, 2015, the Company modified fifteen loans with a total recorded investment of $1,338,000 prior to modification which were deemed troubled debt restructuring. The restructured loans were modified by changing various terms, including changing the maturity date, deferring amortized principal payments and requiring interest only payments for a period of 12 months. Based on the fair value of the collateral, a $113,000 specific reserve was determined necessary for these loans. Also, there was no immediate financial impact from the restructuring of these loans, as it was not considered necessary to charge-off interest or principal on the date of restructure. There was one consumer loan for which a payment default occurred during the nine months ended September 30, 2016, that had been modified as a TDR within 12 months or less of the payment default. A charge off of $39,000 was recorded for this loan. There were no loans during the nine months ended September 30, 2015 for which there was a payment default. We define a payment default as a payment received more than 90 days after its due date. In addition to the TDRs that occurred during the period provided in the preceding tables, the Company had TDRs with pre-modification loan balances of $166,500 and $167,000 at September 30, 2016 and 2015, respectively, for which other real estate owned (“OREO”) was received in full or partial satisfaction of the loans. The majority of such TDRs were in commercial real estate and residential real estate. At September 30, 2016, the Company had $2,034,000 of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process. At September 30, 2016, the Company had $5,875,000 of OREO secured by residential real estate properties. Credit Quality Indicators The Company utilizes a risk rating matrix to assign a risk rate to each of its commercial and real estate loans. Loans are rated on a scale of 1 to 8. A description of the general characteristics of the 8 risk ratings is as follows: • Risk Rate 1 – Pass (Excellent) • Risk Rate 2 – Pass (Good) • Risk Rate 3 – Pass (Acceptable – Average) • Risk Rate 4 – Pass (Monitor) • Risk Rate 5 – Special Mention • Risk Rate 6 – Substandard • Risk Rate 7 – Doubtful • Risk Rate 8 – Loss Loans acquired are evaluated using this internal grading system. Loans acquired are evaluated individually and include purchased credit impaired loans of $20.4 million and $23.5 million that are accounted for under ASC Topic 310-30 and are classified as substandard (Risk Rating 6) as of September 30, 2016 and December 31, 2015, respectively. Of the remaining loans acquired and accounted for under ASC Topic 310-20, $52.8 million and $49.9 million were classified (Risk Ratings 6, 7 and 8 – see classified loans discussion below) at September 30, 2016 and December 31, 2015, respectively. Loans acquired, covered by loss share agreements, had additional protection provided by the FDIC prior to the termination of the loss share agreements. During the 2014 quarterly impairment testing on the estimated cash flows of the credit impaired loans, the Company established that some of the loans covered by loss share from our FDIC-assisted transactions had experienced material projected credit deterioration. As a result, the Company established a $954,000 allowance for loan losses on covered loans by recording a provision for loan losses of $0.4 million (net of FDIC-loss share adjustments) during the period ended December 31, 2014. There was no further projected credit deterioration and no addition to the allowance for covered loans during 2015. The $954,000 allowance was reclassified to allowance on acquired non-covered loans subsequent to the agreement with the FDIC to terminate the loss share agreements. See Note 5, Loans Acquired, for further discussion of the acquired loans and loss sharing agreements. Purchased credit impaired loans are loans that showed evidence of deterioration of credit quality prior to acquisition and for which it is probable, at acquisition, that the Company will be unable to collect all amounts contractually owed. Their fair value was initially based on the estimate of cash flows, both principal and interest, expected to be collected or estimated collateral values if cash flows are not estimable, discounted at prevailing market rates of interest. The difference between the undiscounted cash flows expected at acquisition and the fair value at acquisition is recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition are not recognized as a yield adjustment. Increases in expected cash flows subsequent to the initial investment are recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows are recognized as impairment. Classified loans for the Company include loans in Risk Ratings 6, 7 and 8. Loans may be classified, but not considered impaired, due to one of the following reasons: (1) The Company has established minimum dollar amount thresholds for loan impairment testing. Loans rated 6 – 8 that fall under the threshold amount are not tested for impairment and therefore are not included in impaired loans. (2) Of the loans that are above the threshold amount and tested for impairment, after testing, some are considered to not be impaired and are not included in impaired loans. Total classified loans, excluding loans accounted for under ASC Topic 310-30, were $178.7 million and $153.7 million, as of September 30, 2016 and December 31, 2015, respectively. The following table presents a summary of loans by credit risk rating as of September 30, 2016 and December 31, 2015, segregated by class of loans. Loans accounted for under ASC Topic 310-30 are all included in Risk Rate 1-4 in this table. (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total September 30, 2016 Consumer: Credit cards $ 174,586 $ -- $ 446 $ -- $ -- $ 175,032 Other consumer 274,278 27 1,628 14 -- 275,947 Total consumer 448,864 27 2,074 14 -- 450,979 Real estate: Construction 296,866 152 7,048 16 -- 304,082 Single family residential 814,788 3,765 23,244 161 -- 841,958 Other commercial 1,464,760 4,468 51,904 -- -- 1,521,132 Total real estate 2,576,414 8,385 82,196 177 -- 2,667,172 Commercial: Commercial 587,652 1,306 18,760 20 -- 607,738 Agricultural 200,958 265 2,306 -- -- 203,529 Total commercial 788,610 1,571 21,066 20 -- 811,267 Other 13,671 -- -- -- -- 13,671 Loans acquired 1,361,041 23,960 71,515 1,682 -- 1,458,198 Total $ 5,188,600 $ 33,943 $ 176,851 $ 1,893 $ -- $ 5,401,287 (In thousands) Risk Rate Risk Rate Risk Rate Risk Rate Risk Rate Total December 31, 2015 Consumer: Credit cards $ 176,809 $ -- $ 479 $ -- $ -- $ 177,288 Other consumer 207,069 -- 1,262 49 -- 208,380 Total consumer 383,878 -- 1,741 49 -- 385,668 Real estate: Construction 270,386 319 9,019 16 -- 279,740 Single family residential 679,484 2,701 13,824 171 -- 696,180 Other commercial 1,178,817 5,404 44,261 590 -- 1,229,072 Total real estate 2,128,687 8,424 67,104 777 -- 2,204,992 Commercial: Commercial 487,563 2,760 9,787 6 -- 500,116 Agricultural 147,788 -- 775 -- -- 148,563 Total commercial 635,351 2,760 10,562 6 -- 648,679 Other 7,022 -- 93 -- -- 7,115 Loans acquired 1,590,384 9,150 69,219 3,689 459 1,672,901 Total $ 4,745,322 $ 20,334 $ 148,719 $ 4,521 $ 459 $ 4,919,355 Allowance for Loan Losses Allowance for Loan Losses Receivables Loss Contingencies As mentioned above, allocations to the allowance for loan losses are categorized as either specific allocations or general allocations. A loan is considered impaired when it is probable that the Company will not receive all amounts due according to the contractual terms of the loan, including scheduled principal and interest payments. For a collateral dependent loan, the Company’s evaluation process includes a valuation by appraisal or other collateral analysis. This valuation is compared to the remaining outstanding principal balance of the loan. If a loss is determined to be probable, the loss is included in the allowance for loan losses as a specific allocation. If the loan is not collateral dependent, the measurement of loss is based on the difference between the expected and contractual future cash flows of the loan. The general allocation is calculated monthly based on management’s assessment of several factors such as (1) historical loss experience based on volumes and types, (2) volume and trends in delinquencies and nonaccruals, (3) lending policies and procedures including those for loan losses, collections and recoveries, (4) national, state and local economic trends and conditions, (5) external factors and pressure from competition, (6) the experience, ability and depth of lending management and staff, (7) seasoning of new products obtained and new markets entered through acquisition and (8) other factors and trends that will affect specific loans and categories of loans. The Company establishes general allocations for each major loan category. This category also includes allocations to loans which are collectively evaluated for loss such as credit cards, one-to-four family owner occupied residential real estate loans and other consumer loans. The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2016. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (In thousands) Commercial Real Credit Other Total Three Months Ended September 30, 2016 Balance, beginning of period (2) $ 7,832 $ 19,635 $ 3,748 $ 2,308 $ 33,523 Provision for loan losses (1) 680 6,066 501 832 8,079 Charge-offs (284 ) (6,297 ) (699 ) (600 ) (7,880 ) Recoveries 12 55 199 106 372 Net charge-offs (272 ) (6,242 ) (500 ) (494 ) (7,508 ) Balance, September 30, 2016 (2) $ 8,240 $ 19,459 $ 3,749 $ 2,646 $ 34,094 Nine Months Ended September 30, 2016 Balance, beginning of period (2) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 Provision for loan losses (1) 4,961 7,009 1,422 1,819 15,211 Charge-offs (3,043 ) (7,350 ) (2,260 ) (1,482 ) (14,135 ) Recoveries 337 278 694 358 1,667 Net charge-offs (2,706 ) (7,072 ) (1,566 ) (1,124 ) (12,468 ) Balance, September 30, 2016 (2) $ 8,240 $ 19,459 $ 3,749 $ 2,646 $ 34,094 Period-end amount allocated to: Loans individually evaluated for impairment $ 64 $ 515 $ -- $ 1 $ 580 Loans collectively evaluated for impairment 8,176 18,944 3,749 2,645 33,514 Balance, September 30, 2016 (2) $ 8,240 $ 19,459 $ 3,749 $ 2,646 $ 34,094 ______________________________ (1) Provision for loan losses of $215,000 and $522,000 attributable to loans acquired was excluded from this table for the three and nine months ended September 30, 2016 (total provision for loan losses for the three and nine months ended September 30, 2016 was $8,294,000 and $15,733,000). The $215,000 and $522,000 was subsequently charged-off, resulting in no increase in the ending balance in the allowance related to loans acquired. (2) Allowance for loan losses at September 30, 2016, June 30, 2016 and December 31, 2015 includes $954,000 allowance for loans acquired. The total allowance for loan losses at September 30, June 30, 2016 and December 31, 2015 was $35,048,000, $34,477,000 and $32,305,000, respectively. Activity in the allowance for loan losses for the three and nine months ended September 30, 2015 was as follows: (In thousands) Commercial Real Credit Other Total Three Months Ended September 30, 2015 Balance, beginning of period (2) $ 5,310 $ 18,577 $ 5,318 $ 1,362 $ 30,567 Provision for loan losses (1) 725 794 (835 ) 798 1,482 Charge-offs (516 ) (109 ) (763 ) (597 ) (1,985 ) Recoveries -- 25 213 78 316 Net charge-offs (516 ) (84 ) (550 ) (519 ) (1,669 ) Balance, September 30, 2015 (2) $ 5,519 $ 19,287 $ 3,933 $ 1,641 $ 30,380 Nine Months Ended September 30, 2015 Balance, beginning of period (2) $ 6,962 $ 15,161 $ 5,445 $ 1,460 $ 29,028 Provision for loan losses (1) (860 ) 4,778 171 966 5,055 Charge-offs (761 ) (735 ) (2,350 ) (1,183 ) (5,029 ) Recoveries 178 83 667 398 1,326 Net charge-offs (583 ) (652 ) (1,683 ) (785 ) (3,703 ) Balance, September 30, 2015 (2) $ 5,519 $ 19,287 $ 3,933 $ 1,641 $ 30,380 Period-end amount allocated to: Loans individually evaluated for impairment $ 626 $ 2,040 $ 7 $ 124 $ 2,797 Loans collectively evaluated for impairment 4,893 17,247 3,926 1,517 27,583 Balance, September 30, 2015 (2) $ 5,519 $ 19,287 $ 3,933 $ 1,641 $ 30,380 Period-end amount allocated to: Loans individually evaluated for impairment $ 432 $ 2,307 $ 7 $ 85 $ 2,831 Loans collectively evaluated for impairment 5,553 17,215 3,886 1,866 28,520 Balance, December 31, 2015 (3) $ 5,985 $ 19,522 $ 3,893 $ 1,951 $ 31,351 ______________________________ (1) Provision for loan losses of $ 133,000 and $737,000 attributable to loans acquired was excluded from this table for the three and nine months ended September 30, 2015 (total provision for loan losses for the three and nine months ended September 30, 2015 was $1,615,000 and $5,792,000). The $133,000 and $737,000 was subsequently charged-off, resulting in no increase to the ending balance in the allowance related to loans acquired. (2) Allowance for loan losses at September 30, 2015, June 30, 2015 and December 31, 2014 includes $954,000 allowance for loans acquired (not shown in the table above). The total allowance for loan losses at September 30, 2015, June 30, 2015 and December 31, 2014 was $31,334,000, $31,521,000 and $29,982,000, respectively. (3) Allowance for loan losses at December 31, 2015 includes $954,000 allowance for loans acquired (not shown in the table above). The total allowance for loan losses December 31, 2015 was $32,305,000. The Company’s recorded investment in loans, excluding loans acquired, related to each balance in the allowance for loan losses by portfolio segment on the basis of the Company’s impairment methodology was as follows: (In thousands) Commercial Real Credit Other Total September 30, 2016 Loans individually evaluated for impairment $ 7,540 $ 31,058 $ 446 $ 1,407 $ 40,451 Loans collectively evaluated for impairment 803,727 2,636,114 174,586 288,211 3,902,638 Balance, end of period $ 811,267 $ 2,667,172 $ 175,032 $ 289,618 $ 3,943,089 December 31, 2015 Loans individually evaluated for impairment $ 2,252 $ 15,017 $ 479 $ 442 $ 18,190 Loans collectively evaluated for impairment 646,427 2,189,975 176,809 215,053 3,228,264 Balance, end of period $ 648,679 $ 2,204,992 $ 177,288 $ 215,495 $ 3,246,454 |