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Loans (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Composition of Net Loans
The composition of loans, net at December 31, 2018 and 2017 is as follows (in thousands):
 
 
 
2018
 
 
2017
 
Real Estate:
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
41,134
 
 
$
25,923
 
Farmland
 
 
14,498
 
 
 
16,905
 
1-4 Family Mortgages
 
 
88,747
 
 
 
95,925
 
Commercial Real Estate
 
 
203,595
 
 
 
191,736
 
Total Real Estate Loans
 
 
347,974
 
 
 
330,489
 
Business Loans:
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
66,421
 
 
 
58,204
 
Farm Production and Other Farm Loans
 
 
907
 
 
 
922
 
Total Business Loans
 
 
67,328
 
 
 
59,126
 
Consumer Loans:
 
 
 
 
 
 
 
 
Credit Cards
 
 
1,648
 
 
 
1,310
 
Other Consumer Loans
 
 
12,372
 
 
 
14,680
 
Total Consumer Loans
 
 
14,020
 
 
 
15,990
 
Total Gross Loans
 
 
429,322
 
 
 
405,605
 
Unearned Income
 
 
(45
)
 
 
(195
)
Allowance for Loan Losses
 
 
(3,372
)
 
 
(3,019
)
Loans, net
 
$
425,905
 
 
$
402,391
 
Activity in Related Party Loans
Activity in related party loans during 2018 is presented in the following table.
 
Balance outstanding at December 31, 2017
 
$
3,117,526
 
Principal additions
 
 
518,154
 
Principal reductions
 
 
(567,729
)
Balance outstanding at December 31, 2018
 
$
3,067,951
 
Year-End Non-Accrual Loans, Segregated by Class of Loans
Year-end non-accrual loans, segregated by class of loans, were as follows (in thousands):
 
 
 
2018
 
 
2017
 
Real Estate:
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
—
 
 
$
—
 
Farmland
 
 
200
 
 
 
366
 
1-4 Family Mortgages
 
 
1,831
 
 
 
2,131
 
Commercial Real Estate
 
 
7,612
 
 
 
4,891
 
Total Real Estate Loans
 
 
9,643
 
 
 
7,388
 
Business Loans:
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
76
 
 
 
78
 
Farm Production and Other Farm Loans
 
 
31
 
 
 
32
 
Total Business Loans
 
 
107
 
 
 
110
 
Consumer Loans:
 
 
 
 
 
 
 
 
Other Consumer Loans
 
 
89
 
 
 
84
 
Total Consumer Loans
 
 
89
 
 
 
84
 
Total Nonaccrual Loans
 
$
9,839
 
 
$
7,582
 
Age Analysis of Past Due Loans, Segregated by Class of Loans
An age analysis of past due loans, segregated by class of loans, as of December 31, 2018 is as follows (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
Loans
 
 
90 or more
 
 
 
 
 
 
 
 
 
 
 
90 or more
 
 
 
30-89 Days
 
 
Days Past
 
 
Total Past
 
 
Current
 
 
Total
 
 
Days
 
 
 
Past Due
 
 
Due
 
 
Due Loans
 
 
Loans
 
 
Loans
 
 
Past Due
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
1,494
 
 
$
54
 
 
$
1,548
 
 
$
39,586
 
 
$
41,134
 
 
$
54
 
Farmland
 
 
779
 
 
 
29
 
 
 
808
 
 
 
13,690
 
 
 
14,498
 
 
 
—
 
1-4 Family Mortgages
 
 
3,456
 
 
 
330
 
 
 
3,786
 
 
 
84,961
 
 
 
88,747
 
 
 
—
 
Commercial Real Estate
 
 
1,059
 
 
 
2,981
 
 
 
4,040
 
 
 
199,555
 
 
 
203,595
 
 
 
—
 
Total Real Estate Loans
 
 
6,788
 
 
 
3,394
 
 
 
10,182
 
 
 
337,792
 
 
 
347,974
 
 
 
54
 
Business Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
1,672
 
 
 
21
 
 
 
1,693
 
 
 
64,728
 
 
 
66,421
 
 
 
—
 
Farm Production and Other Farm Loans
 
 
9
 
 
 
—
 
 
 
9
 
 
 
898
 
 
 
907
 
 
 
—
 
Total Business Loans
 
 
1,681
 
 
 
21
 
 
 
1,702
 
 
 
65,626
 
 
 
67,328
 
 
 
—
 
Consumer Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Cards
 
 
16
 
 
 
4
 
 
 
20
 
 
 
1,628
 
 
 
1,648
 
 
 
4
 
Other Consumer Loans
 
 
212
 
 
 
33
 
 
 
245
 
 
 
12,127
 
 
 
12,372
 
 
 
15
 
Total Consumer Loans
 
 
228
 
 
 
37
 
 
 
265
 
 
 
13,755
 
 
 
14,020
 
 
 
19
 
Total Loans
 
$
8,697
 
 
$
3,452
 
 
$
12,149
 
 
$
417,173
 
 
$
429,322
 
 
$
73
 
 
 
An age analysis of past due loans, segregated by class of loans, as of December 31, 2017 is as follows (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
Loans
 
 
90 or more
 
 
 
 
 
 
 
 
 
 
 
90 or more
 
 
 
30-89 Days
 
 
Days Past
 
 
Total Past
 
 
Current
 
 
Total
 
 
Days Past
 
 
 
Past Due
 
 
Due
 
 
Due Loans
 
 
Loans
 
 
Loans
 
 
Due
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
281
 
 
$
—
 
 
$
281
 
 
$
25,642
 
 
$
25,923
 
 
$
—
 
Farmland
 
 
93
 
 
 
—
 
 
 
93
 
 
 
16,812
 
 
 
16,905
 
 
 
—
 
1-4 Family Mortgages
 
 
2,657
 
 
 
—
 
 
 
2,657
 
 
 
93,268
 
 
 
95,925
 
 
 
—
 
Commercial Real Estate
 
 
2,585
 
 
 
862
 
 
 
3,447
 
 
 
188,289
 
 
 
191,736
 
 
 
807
 
Total Real Estate Loans
 
 
5,616
 
 
 
862
 
 
 
6,478
 
 
 
324,011
 
 
 
330,489
 
 
 
807
 
Business Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
32
 
 
 
—
 
 
 
32
 
 
 
58,172
 
 
 
58,204
 
 
 
—
 
Farm Production and Other Farm Loans
 
 
19
 
 
 
—
 
 
 
19
 
 
 
903
 
 
 
922
 
 
 
—
 
Total Business Loans
 
 
51
 
 
 
—
 
 
 
51
 
 
 
59,075
 
 
 
59,126
 
 
 
—
 
Consumer Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Cards
 
 
25
 
 
 
6
 
 
 
31
 
 
 
1,279
 
 
 
1,310
 
 
 
6
 
Other Consumer Loans
 
 
422
 
 
 
—
 
 
 
422
 
 
 
14,258
 
 
 
14,680
 
 
 
—
 
Total Consumer Loans
 
 
447
 
 
 
6
 
 
 
453
 
 
 
15,537
 
 
 
15,990
 
 
 
6
 
Total Loans
 
$
6,114
 
 
$
868
 
 
$
6,982
 
 
$
398,623
 
 
$
405,605
 
 
$
813
 
Impaired Loans, Segregated by Class of Loans
Impaired loans as of December 31, by class of loans, are as follows (in thousands):
 
 
 
 
 
 
Recorded
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Unpaid
 
 
Investment
 
 
Investment
 
 
Total
 
 
 
 
 
Average
 
 
 
Principal
 
 
With No
 
 
With
 
 
Recorded
 
 
Related
 
 
Recorded
 
2018
 
 
Balance
 
 
Allowance
 
 
Allowance
 
 
Investment
 
 
Allowance
 
 
Investment
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Farmland
 
 
269
 
 
 
269
 
 
 
—
 
 
 
269
 
 
 
—
 
 
 
135
 
1-4 Family Mortgages
 
 
1,153
 
 
 
1,062
 
 
 
91
 
 
 
1,153
 
 
 
27
 
 
 
728
 
Commercial Real Estate
 
 
10,601
 
 
 
5,209
 
 
 
3,675
 
 
 
8,884
 
 
 
374
 
 
 
6,489
 
Total Real Estate Loans
 
 
12,023
 
 
 
6,540
 
 
 
3,766
 
 
 
10,306
 
 
 
401
 
 
 
7,352
 
Total Loans
 
$
12,023
 
 
$
6,540
 
 
$
3,766
 
 
$
10,306
 
 
$
401
 
 
$
7,352
 
 
 
 
 
 
 
Recorded
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
Unpaid
 
 
Investment
 
 
Investment
 
 
Total
 
 
 
 
 
Average
 
 
 
Principal
 
 
With No
 
 
With
 
 
Recorded
 
 
Related
 
 
Recorded
 
2017
 
Balance
 
 
Allowance
 
 
Allowance
 
 
Investment
 
 
Allowance
 
 
Investment
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Farmland
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
62
 
1-4 Family Mortgages
 
 
303
 
 
 
—
 
 
 
303
 
 
 
303
 
 
 
46
 
 
 
875
 
Commercial Real Estate
 
 
5,616
 
 
 
—
 
 
 
4,093
 
 
 
4,093
 
 
 
397
 
 
 
4,710
 
Total Real Estate Loans
 
 
5,919
 
 
 
—
 
 
 
4,396
 
 
 
4,396
 
 
 
443
 
 
 
5,647
 
Total Loans
 
$
5,919
 
 
$
—
 
 
$
4,396
 
 
$
4,396
 
 
$
443
 
 
$
5,647
 
Troubled Debt Restructurings Segregated by Class
The following table presents troubled debt restructurings segregated by class (in thousands, except number of loans):
 
 
 
 
 
 
Pre-Modification
 
 
Post-Modification
 
 
 
 
 
 
Outstanding
 
 
Outstanding
 
 
 
Number of
 
 
Recorded
 
 
Recorded
 
December 31, 2018
 
Loans
 
 
Investment
 
 
Investment
 
Commercial real estate
 
 
3
 
 
$
4,871
 
 
$
2,782
 
Total
 
 
3
 
 
$
4,871
 
 
$
2,782
 
 
 
 
 
 
 
Pre-Modification
 
 
Post-Modification
 
 
 
 
 
 
Outstanding
 
 
Outstanding
 
 
 
Number of
 
 
Recorded
 
 
Recorded
 
December 31, 2017
 
 
Loans
 
 
Investment
 
 
Investment
 
Commercial real estate
 
 
3
 
 
$
4,871
 
 
$
3,047
 
Total
 
 
3
 
 
$
4,871
 
 
$
3,047
 
 
 
Changes in Troubled Debt Restructurings
Changes in the Company’s troubled debt restructurings are set forth in the table below:
 
 
 
Number of
 
 
Recorded
 
 
 
Loans
 
 
Investment
 
Total at January 1, 2016
 
 
3
 
 
$
3,858
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(570
)
Total at January 1, 2017
 
 
3
 
 
 
3,288
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(241
)
Total at January 1, 2018
 
 
3
 
 
 
3,047
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(265
)
Total at December 31, 2018
 
 
3
 
 
$
2,782
 
Detailed Amount of Gross Loans Segregated by Loan Grade and Class
The following table details the amount of gross loans by loan grade and class for the year ended December 31, 2018 (in thousands):
 
 
 
 
 
 
Special
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Satisfactory
 
 
Mention
 
 
Substandard
 
 
Doubtful
 
 
Loss
 
 
Total
 
 
 
1,2,3,4
 
 
5,6
 
 
7
 
 
8
 
 
9
 
 
Loans
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
39,726
 
 
$
840
 
 
$
568
 
 
$
—
 
 
$
—
 
 
$
41,134
 
Farmland
 
 
13,248
 
 
 
339
 
 
 
911
 
 
 
—
 
 
 
—
 
 
 
14,498
 
1-4 Family Mortgages
 
 
79,659
 
 
 
1,751
 
 
 
7,337
 
 
 
—
 
 
 
—
 
 
 
88,747
 
Commercial Real Estate
 
 
172,217
 
 
 
17,938
 
 
 
13,440
 
 
 
—
 
 
 
—
 
 
 
203,595
 
Total Real Estate Loans
 
 
304,850
 
 
 
20,868
 
 
 
22,256
 
 
 
—
 
 
 
—
 
 
 
347,974
 
Business Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
63,994
 
 
 
81
 
 
 
2,346
 
 
 
—
 
 
 
—
 
 
 
66,421
 
Farm Production and Other Farm Loans
 
 
876
 
 
 
—
 
 
 
31
 
 
 
—
 
 
 
—
 
 
 
907
 
Total Business Loans
 
 
64,870
 
 
 
81
 
 
 
2,377
 
 
 
—
 
 
 
—
 
 
 
67,328
 
Consumer Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Cards
 
 
1,628
 
 
 
—
 
 
 
20
 
 
 
—
 
 
 
—
 
 
 
1,648
 
Other Consumer Loans
 
 
12,181
 
 
 
65
 
 
 
71
 
 
 
55
 
 
 
—
 
 
 
12,372
 
Total Consumer Loans
 
 
13,809
 
 
 
65
 
 
 
91
 
 
 
55
 
 
 
—
 
 
 
14,020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
383,529
 
 
$
21,014
 
 
$
24,724
 
 
$
55
 
 
$
—
 
 
$
429,322
 
The following table details the amount of gross loans by loan grade and class for the year ended December 31, 2017 (in thousands):
 
 
  
 
 
 
Special
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Satisfactory
 
 
Mention
 
 
Substandard
 
 
Doubtful
 
 
Loss
 
 
Total
 
 
  
1,2,3,4
 
 
5,6
 
 
7
 
 
8
 
 
9
 
 
Loans
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
23,720
 
 
$
2,116
 
 
$
87
 
 
$
—
 
 
$
—
 
 
$
25,923
 
Farmland
 
 
15,496
 
 
 
377
 
 
 
1,032
 
 
 
—
 
 
 
—
 
 
 
16,905
 
1-4 Family Mortgages
 
 
82,227
 
 
 
5,615
 
 
 
8,083
 
 
 
—
 
 
 
—
 
 
 
95,925
 
Commercial Real Estate
 
 
143,271
 
 
 
41,833
 
 
 
6,632
 
 
 
—
 
 
 
—
 
 
 
191,736
 
Total Real Estate Loans
 
 
264,714
 
 
 
49,941
 
 
 
15,834
 
 
 
—
 
 
 
—
 
 
 
330,489
 
Business Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
55,081
 
 
 
2,990
 
 
 
133
 
 
 
—
 
 
 
—
 
 
 
58,204
 
Farm Production and Other Farm Loans
 
 
853
 
 
 
9
 
 
 
60
 
 
 
—
 
 
 
—
 
 
 
922
 
Total Business Loans
 
 
55,934
 
 
 
2,999
 
 
 
193
 
 
 
—
 
 
 
—
 
 
 
59,126
 
Consumer Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Cards
 
 
1,304
 
 
 
—
 
 
 
6
 
 
 
—
 
 
 
—
 
 
 
1,310
 
Other Consumer Loans
 
 
14,414
 
 
 
71
 
 
 
137
 
 
 
58
 
 
 
—
 
 
 
14,680
 
Total Consumer Loans
 
 
15,718
 
 
 
71
 
 
 
143
 
 
 
58
 
 
 
—
 
 
 
15,990
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
336,366
 
 
$
53,011
 
 
$
16,170
 
 
$
58
 
 
$
—
 
 
$
405,605
 
Net Chargeoffs Segregated by Class of Loans
Net chargeoffs (recoveries), segregated by class of loans, were as follows:
 
 
 
2018
 
 
2017
 
 
2016
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
Land Development and Construction
 
$
55,908
 
 
$
97,685
 
 
$
(17,677
)
Farmland
 
 
2,702
 
 
 
—
 
 
 
(934
)
1-4 Family Mortgages
 
 
51,303
 
 
 
40,682
 
 
 
154,387
 
Commercial Real Estate
 
 
(197,839
)
 
 
—
 
 
 
2,387,956
 
Total Real Estate Loans
 
 
(87,926
)
 
 
138,367
 
 
 
2,523,732
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Business Loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
 
11,683
 
 
 
164,191
 
 
 
(8,230
)
Total Business Loans
 
 
11,683
 
 
 
164,191
 
 
 
(8,230
)
Consumer Loans:
 
 
 
 
 
 
 
 
 
 
 
 
Credit Cards
 
 
36,494
 
 
 
(6,654
)
 
 
9,285
 
Other Consumer Loans
 
 
21,272
 
 
 
44,526
 
 
 
(18,936
)
Total Consumer Loans
 
 
57,766
 
 
 
37,872
 
 
 
(9,651
)
Total Net Chargeoffs
 
$
(18,477
)
 
$
340,430
 
 
$
2,505,851
 
 
 
Detailed Activity in Allowance for Possible Loan Losses by Portfolio Segment
The following table details activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2018, 2017 and 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real
 
 
Business
 
 
 
 
 
 
 
2018
 
Estate
 
 
Loans
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
2,151,715
 
 
$
346,781
 
 
$
520,732
 
 
$
3,019,228
 
Provision for (reversal of) loan losses
 
 
605,040
 
 
 
(113,257
)
 
 
(157,793
)
 
 
333,990
 
Chargeoffs
 
 
223,403
 
 
 
18,963
 
 
 
145,943
 
 
 
388,309
 
Recoveries
 
 
311,329
 
 
 
7,280
 
 
 
88,177
 
 
 
406,786
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net chargeoffs
 
 
(87,926
)
 
 
11,683
 
 
 
57,766
 
 
 
(18,477
)
Ending Balance
 
$
2,844,681
 
 
$
221,841
 
 
$
305,173
 
 
$
3,371,695
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period end allowance allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
401,347
 
 
$
—
 
 
$
—
 
 
$
401,347
 
Loans collectively evaluated for impairment
 
 
2,443,334
 
 
 
221,841
 
 
 
305,173
 
 
 
2,970,348
 
Ending Balance
 
$
2,844,681
 
 
$
221,841
 
 
$
305,173
 
 
$
3,371,695
 
 
 
 
Real
 
 
Business
 
 
 
 
 
 
 
2017
 
Estate
 
 
Loans
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
3,117,134
 
 
$
257,554
 
 
$
528,108
 
 
$
3,902,796
 
(Reversal of) provision for loan losses
 
 
(827,052
)
 
 
253,418
 
 
 
30,496
 
 
 
(543,138
)
Chargeoffs
 
 
168,841
 
 
 
165,685
 
 
 
102,567
 
 
 
437,093
 
Recoveries
 
 
30,474
 
 
 
1,494
 
 
 
64,695
 
 
 
96,663
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net chargeoffs
 
 
138,367
 
 
 
164,191
 
 
 
37,872
 
 
 
340,430
 
Ending Balance
 
$
2,151,715
 
 
$
346,781
 
 
$
520,732
 
 
$
3,019,228
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period end allowance allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
442,589
 
 
$
—
 
 
$
—
 
 
$
442,589
 
Loans collectively evaluated for impairment
 
 
1,709,126
 
 
 
346,781
 
 
 
520,732
 
 
 
2,576,639
 
Ending Balance
 
$
2,151,715
 
 
$
346,781
 
 
$
520,732
 
 
$
3,019,228
 
 
 
 
 
 
 
Business
 
 
 
 
 
 
 
 
2016
 
Real Estate
 
 
Loans
 
 
Consumer
 
 
Total
 
Beginning Balance
 
$
5,238,895
 
 
$
643,248
 
 
$
591,560
 
 
$
6,473,703
 
Provision for (reversal of) loan losses
 
 
401,971
 
 
 
(393,924
)
 
 
(73,103
)
 
 
(65,056
)
Chargeoffs
 
 
2,567,499
 
 
 
8,035
 
 
 
65,311
 
 
 
2,640,845
 
Recoveries
 
 
43,767
 
 
 
16,265
 
 
 
74,962
 
 
 
134,994
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net chargeoffs
 
 
2,523,732
 
 
 
(8,230
)
 
 
(9,651
)
 
 
2,505,851
 
Ending Balance
 
$
3,117,134
 
 
$
257,554
 
 
$
528,108
 
 
$
3,902,796
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period end allowance allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
749,090
 
 
$
37,803
 
 
$
—
 
 
$
786,893
 
Loans collectively evaluated for impairment
 
 
2,368,044
 
 
 
219,751
 
 
 
528,108
 
 
 
3,115,903
 
Ending Balance
 
$
3,117,134
 
 
$
257,554
 
 
$
528,108
 
 
$
3,902,796
 
Recorded Investment in Loans Related to Balance in Allowance for Possible Loan Losses by Portfolio Segment
The Company’s recorded investment in loans as of December 31, 2018 and 2017 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows (in thousands):
 
 
 
 
 
 
Business
 
 
 
 
 
 
 
2018
 
Real Estate
 
 
Loans
 
 
Consumer
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
10,306
 
 
$
—
 
 
$
—
 
 
$
10,306
 
Loans collectively evaluated for impairment
 
 
337,668
 
 
 
67,328
 
 
 
14,020
 
 
 
419,016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
347,974
 
 
$
67,328
 
 
$
14,020
 
 
$
429,322
 
 
 
 
Real
 
 
Business
 
 
 
 
 
 
 
2017
 
Estate
 
 
Loans
 
 
Consumer
 
 
Total
 
Loans individually evaluated for impairment
 
$
4,396
 
 
$
—
 
 
$
—
 
 
$
4,396
 
Loans collectively evaluated for impairment
 
 
326,093
 
 
 
59,126
 
 
 
15,990
 
 
 
401,209
 
 
 
$
330,489
 
 
$
59,126
 
 
$
15,990
 
 
$
405,605
 
Schedule of Restructured Loans Activity [Table Text Block]
Changes in the Company’s troubled debt restructurings are set forth in the table below:
 
 
 
Number of
 
 
Recorded
 
 
 
Loans
 
 
Investment
 
Total at January 1, 2016
 
 
3
 
 
$
3,858
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(570
)
Total at January 1, 2017
 
 
3
 
 
 
3,288
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(241
)
Total at January 1, 2018
 
 
3
 
 
 
3,047
 
Reductions due to:
 
 
 
 
 
 
 
 
Principal paydowns
 
 
 
 
 
 
(265
)
Total at December 31, 2018
 
 
3
 
 
$
2,782