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PCI Loans and Related Allowance for Loan Losses (Tables) - Covered Loans [Member]
6 Months Ended
Jun. 30, 2020
Summary of PCI Loans

June 30, 2020

December 31, 2019

 

    

    

% of PCI

    

    

% of PCI

 

Amount

Loans

Amount

Loans

 

Mortgage loans on real estate:

Residential 1‑4 family

$

26,531

 

89.91

%  

$

29,465

 

90.58

%

Commercial

 

470

 

1.59

 

490

 

1.51

Construction and land development

 

1,127

 

3.82

 

1,172

 

3.60

Second mortgages

 

1,156

 

3.92

 

1,169

 

3.59

Multifamily

 

223

 

0.76

 

232

 

0.72

Total real estate loans

 

29,507

 

100.00

 

32,528

 

100.00

Total PCI loans

$

29,507

 

100.00

%  

$

32,528

 

100.00

%

Summary of Purchased Credit Impaired Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses

The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at June 30, 2020 and December 31, 2019 (dollars in thousands):

June 30, 2020

December 31, 2019

    

Allowance

    

Recorded

    

    

Recorded

for loan

investment in

Allowance for

investment in

losses

loans

loan losses

loans

Mortgage loans on real estate:

 

  

 

  

 

  

 

  

Residential 1‑4 family

$

156

$

26,531

$

156

$

29,465

Commercial

 

 

470

 

 

490

Construction and land development

 

 

1,127

 

 

1,172

Second mortgages

 

 

1,156

 

 

1,169

Multifamily

 

 

223

 

 

232

Total real estate loans

 

156

 

29,507

 

156

 

32,528

Total PCI loans

$

156

$

29,507

$

156

$

32,528

Summary of Changes in the Accretable Yield

The change in the accretable yield balance for the six months ended June 30, 2020 and the year ended December 31, 2019, is as follows (dollars in thousands):

    

    

Balance, January 1, 2019

$

38,107

Accretion

 

(6,010)

Reclassification from nonaccretable difference

 

1,369

Balance, December 31, 2019

$

33,466

Accretion

 

(2,150)

Reclassification from nonaccretable difference

 

61

Balance, June 30, 2020

$

31,377