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Purchased Credit Impaired ("PCI") Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Covered Loans [Line Items]  
Rollforward of PCI Loans, Net of Allowance for Loan Losses
The following table is a roll forward of PCI loans, net of the allowance for loan losses, for the six months ended June 30, 2019 and 2018.

(in thousands)
Contractual Cashflows
 
Non-accretable Difference
 
Accretable Yield
 
Carrying Amount
Balance December 31, 2018
$
73,157

 
$
15,299

 
$
12,638

 
$
45,220

Acquisitions
111,963

 
13,542

 
30,238

 
68,183

Principal reductions and interest payments
(19,285
)
 
—

 
—

 
(19,285
)
Accretion of loan discount
—

 
—

 
(4,645
)
 
4,645

Changes in contractual and expected cash flows due to remeasurement
7,725

 
(2,057
)
 
627

 
9,155

Reductions due to disposals
(8,709
)
 
(3,224
)
 
5

 
(5,490
)
Balance June 30, 2019
$
164,851

 
$
23,560


$
38,863


$
102,428

 
 
 
 
 
 
 
 
Balance December 31, 2017
$
112,710

 
$
29,005

 
$
13,964

 
$
69,741

Principal reductions and interest payments
(22,667
)
 
—

 
—

 
(22,667
)
Accretion of loan discount
—

 
—

 
(3,400
)
 
3,400

Changes in contractual and expected cash flows due to remeasurement
3,281

 
(8,771
)
 
4,124

 
7,928

Balance June 30, 2018
$
93,324

 
$
20,234


$
14,688


$
58,402
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at June 30, 2019 which includes preliminary fair value adjustments related to the Trinity acquisition and December 31, 2018:
 
 
June 30, 2019
 
December 31, 2018
(in thousands)
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
 
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
Commercial and industrial
5.80
$
16,909

 
6.09
$
2,159

Real estate:
 
 
 
 
 
Commercial - investor owned
6.94
41,988

 
7.19
23,939

Commercial - owner occupied
6.68
22,616

 
7.39
9,669

Construction and land development
5.74
8,187

 
6.03
4,548

Residential
6.29
13,372

 
6.40
6,082

Total real estate loans
 
86,163

 
 
44,238

Consumer and other
5.11
243

 
2.18
4

Total
 
$
103,315

 
 
$
46,401

1Risk ratings are based on the borrower’s contractual obligation, which is not reflective of the purchase discount.
Summary of Aging of Recorded Investment in Past Due PCI Loans by Portfolio Class and Category

The aging of the recorded investment in past due PCI loans by portfolio class and category at June 30, 2019 and December 31, 2018, is shown below:

 
June 30, 2019
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
1,525

 
$
—

 
$
1,525

 
$
15,384

 
$
16,909

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
1,317

 
1,917

 
3,234

 
38,754

 
41,988

Commercial - owner occupied
—

 
1,381

 
1,381

 
21,235

 
22,616

Construction and land development
70

 
154

 
224

 
7,963

 
8,187

Residential
226

 
235

 
461

 
12,911

 
13,372

Consumer and other
—

 
—

 
—

 
243

 
243

Total
$
3,138

 
$
3,687


$
6,825


$
96,490


$
103,315


 
December 31, 2018
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
—

 
$
—

 
$
—

 
$
2,159

 
$
2,159

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
416

 
88

 
504

 
23,435

 
23,939

Commercial - owner occupied
591

 
6,279

 
6,870

 
2,799

 
9,669

Construction and land development
—

 
—

 
—

 
4,548

 
4,548

Residential
146

 
37

 
183

 
5,899

 
6,082

Consumer and other
—

 
—

 
—

 
4

 
4

Total
$
1,153

 
$
6,404


$
7,557


$
38,844


$
46,401
Summary of FDIC Loss Share Receivable Outstanding customer balances on PCI loans were $151.1 million and $64.7 million as of June 30, 2019, and December 31, 2018, respectively.