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

September 30, 2020

December 31, 2019

 

    

    

% of PCI

    

    

% of PCI

 

Amount

Loans

Amount

Loans

 

Mortgage loans on real estate:

Residential 1‑4 family

$

24,664

 

90.86

%  

$

29,465

 

90.58

%

Commercial

 

457

 

1.68

 

490

 

1.51

Construction and land development

 

846

 

3.12

 

1,172

 

3.60

Second mortgages

 

963

 

3.55

 

1,169

 

3.59

Multifamily

 

216

 

0.79

 

232

 

0.72

Total real estate loans

 

27,146

 

100.00

 

32,528

 

100.00

Total PCI loans

$

27,146

 

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 September 30, 2020 and December 31, 2019 (dollars in thousands):

September 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

$

24,664

$

156

$

29,465

Commercial

 

 

457

 

 

490

Construction and land development

 

 

846

 

 

1,172

Second mortgages

 

 

963

 

 

1,169

Multifamily

 

 

216

 

 

232

Total real estate loans

 

156

 

27,146

 

156

 

32,528

Total PCI loans

$

156

$

27,146

$

156

$

32,528

Summary of Changes in the Accretable Yield

The change in the accretable yield balance for the nine months ended September 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

 

(3,110)

Reclassification to nonaccretable difference

 

(101)

Balance, September 30, 2020

$

30,255