XML 52 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loans (Tables)
 12 Months Ended
Dec. 31, 2015
LOANS  
Loan Portfolio Classified by Type and Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

    

Originated

 

Acquired

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
850,048

 

$
356,404

 

$
1,206,452

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
188,908

 

 
164,981

 

 
353,889

Commercial real estate

 

 
521,887

 

 
382,228

 

 
904,115

Construction, land & land development

 

 
242,611

 

 
116,202

 

 
358,813

Residential mortgage

 

 
120,260

 

 
173,223

 

 
293,483

Consumer and other

 

 
9,843

 

 
4,074

 

 
13,917

Total loans held for investment

 

$
1,933,557

 

$
1,197,112

 

$
3,130,669

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$
384

 

$

 -

 

$
384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Originated

 

Acquired

 

Total

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

    

$
759,810

    

$
28,600

    

$
788,410

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
148,197

 

 
15,395

 

 
163,592

Commercial real estate

 

 
308,521

 

 
30,485

 

 
339,006

Construction, land & land development

 

 
230,143

 

 
10,523

 

 
240,666

Residential mortgage

 

 
107,275

 

 
149,791

 

 
257,066

Consumer and other

 

 
6,785

 

 
3,630

 

 
10,415

Total loans held for investment

 

$
1,560,731

 

$
238,424

 

$
1,799,155

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$
573

 

$

 -

 

$
573

 

Loan maturities and rate sensitivity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Due in
One Year
or Less

 

Due After
One Year
Through
Five Years

 

Due After
Five Years

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

    

$
434,014

 

$
716,059

 

$
56,379

    

$
1,206,452

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
22,255

 

 
197,434

 

 
134,200

 

 
353,889

Commercial real estate

 

 
77,547

 

 
671,159

 

 
155,409

 

 
904,115

Construction, land & land development

 

 
112,624

 

 
183,651

 

 
62,538

 

 
358,813

Residential mortgage

 

 
23,999

 

 
66,141

 

 
203,343

 

 
293,483

Consumer and other

 

 
9,427

 

 
3,326

 

 
1,164

 

 
13,917

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
679,866

 

$
1,837,770

 

$
613,033

 

$
3,130,669

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$
83,431

 

$
485,204

 

$
131,349

 

$
699,984

Floating rate

 

 
596,435

 

 
1,352,566

 

 
481,684

 

 
2,430,685

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
679,866

 

$
1,837,770

 

$
613,033

 

$
3,130,669

 

Related party loans

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Beginning balance

 

$

 -

 

$

 -

Additions (at Acquisition)

 

 
10,003

 

 

 

Advances

 

 

 -

 

 
2

Repayments

 

 
(262)

 

 
(2)

Ending Balance

 

$
9,741

 

$

 -

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

October 1,

 

    

2015

 

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
50,325

 

$
52,053

Recorded investment

 

 
37,538

 

 
38,581

Discount, net

 

$
12,787

 

$
13,472

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,019,212

 

 
1,055,998

Deferred fees, net

 

 
(144)

 

 

 -

Recorded investment

 

 
1,008,960

 

 
1,042,414

Discount, net

 

$
10,108

 

$
13,584

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,069,537

 

 
1,108,051

Deferred fees, net

 

 
(144)

 

 

 -

Recorded investment

 

 
1,046,498

 

 
1,080,995

Discount, net

 

$
22,895

 

$
27,056

 

The outstanding principal balance and recorded investment in the total acquired loans from all acquisitions at December 31, 2015 and 2014, was as follows:

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
60,554

 

$
16,224

Recorded investment

 

 
46,174

 

 
14,154

Discount, net

 

$
14,380

 

$
2,070

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,162,068

 

 
226,284

Deferred fees, net

 

 
(162)

 

 
(3)

Recorded investment

 

 
1,150,938

 

 
224,270

Discount, net

 

$
10,968

 

$
2,011

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,222,622

 

 
242,508

Deferred fees, net

 

 
(162)

 

 
(3)

Recorded investment

 

 
1,197,112

 

 
238,424

Discount, net

 

$
25,348

 

$
4,081

 

Accretable Yield For Credit Impaired Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

Year Ended  December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$
685

 

$
603

Additions (at acquisition)

 

 
(71)

 

 
62

Reclassifications from (to) nonaccretable yield

 

 
563

 

 
161

Accretion

 

 
(211)

 

 
(141)

Balance at period end

 

$
966

 

$
685

 

Age analysis of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Loans Past Due and Still Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

   

30 - 89 Days
Past Due

   

90 Days
or More
Past Due

   

Total

   

Nonaccrual

   

Purchased
Credit
Impaired

   

Current

   

Total
Loans

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Originated Loans

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

Commercial & industrial

 

$
2,064

 

$
25

 

$
2,089

 

$
34,205

 

$

 -

 

$
813,754

 

$
850,048

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
9,158

 

 

 -

 

 
9,158

 

 
829

 

 

 -

 

 
178,921

 

 
188,908

Commercial real estate

 

 
1,108

 

 

 -

 

 
1,108

 

 

 -

 

 

 -

 

 
520,779

 

 
521,887

Construction, land & land development

 

 
181

 

 

 -

 

 
181

 

 
472

 

 

 -

 

 
241,958

 

 
242,611

Residential mortgage

 

 
890

 

 

 -

 

 
890

 

 
197

 

 

 -

 

 
119,173

 

 
120,260

Consumer and other

 

 
593

 

 
20

 

 
613

 

 

 -

 

 

 -

 

 
9,230

 

 
9,843

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
13,994

 

$
45

 

$
14,039

 

$
35,703

 

$

 -

 

$
1,883,815

 

$
1,933,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
10,908

 

$

 -

 

$
10,908

 

$
420

 

$
13,905

 

$
331,171

 

$
356,404

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
741

 

 

 -

 

 
741

 

 

 -

 

 
7,149

 

 
157,091

 

 
164,981

Commercial real estate

 

 

 

 

 

 -

 

 

 -

 

 
1,590

 

 
12,288

 

 
368,350

 

 
382,228

Construction, land & land development

 

 
111

 

 

 -

 

 
111

 

 

 -

 

 
8,681

 

 
107,410

 

 
116,202

Residential mortgage

 

 
4,065

 

 
6

 

 
4,071

 

 
1,292

 

 
4,151

 

 
163,709

 

 
173,223

Consumer and other

 

 
52

 

 
1

 

 
53

 

 

 -

 

 

 -

 

 
4,021

 

 
4,074

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
15,877

 

$
7

 

$
15,884

 

$
3,302

 

$
46,174

 

$
1,131,752

 

$
1,197,112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Loans Past Due and Still Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

   

30 - 89 Days
Past Due

   

90 Days
or More
Past Due

   

Total

   

Nonaccrual

   

Purchased Credit Impaired

   

Current

   

Total
Loans

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Originated Loans

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

 

 

                

Commercial & industrial

 

$
7,266

 

$

 -

 

$
7,266

 

$
1,789

 

$

 -

 

$
750,755

 

$
759,810

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
1,464

 

 

 -

 

 
1,464

 

 
173

 

 

 -

 

 
146,560

 

 
148,197

Commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
308,521

 

 
308,521

Construction, land & land development

 

 
677

 

 

 -

 

 
677

 

 
940

 

 

 -

 

 
228,526

 

 
230,143

Residential mortgage

 

 
382

 

 
16

 

 
398

 

 
1,277

 

 

 -

 

 
105,600

 

 
107,275

Consumer and other

 

 
217

 

 

 -

 

 
217

 

 
95

 

 

 -

 

 
6,473

 

 
6,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
10,006

 

$
16

 

$
10,022

 

$
4,274

 

$

 -

 

$
1,546,435

 

$
1,560,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
137

 

$

 -

 

$
137

 

$

 -

 

$
2,432

 

$
26,031

 

$
28,600

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
1,248

 

 
14,147

 

 
15,395

Commercial real estate

 

 
1,141

 

 

 -

 

 
1,141

 

 
570

 

 
7,261

 

 
21,513

 

 
30,485

Construction, land & land development

 

 
2,048

 

 

 -

 

 
2,048

 

 

 -

 

 
72

 

 
8,403

 

 
10,523

Residential mortgage

 

 
981

 

 

 -

 

 
981

 

 

 -

 

 
3,141

 

 
145,669

 

 
149,791

Consumer and other

 

 
7

 

 

 -

 

 
7

 

 

 -

 

 

 -

 

 
3,623

 

 
3,630

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
4,314

 

$

 -

 

$
4,314

 

$
570

 

$
14,154

 

$
219,386

 

$
238,424

 

Summary of impaired loans

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2015

    

2014

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Nonaccrual loans

 

$
37,541

 

$
2,127

Accruing loans past due 90 days or more

 

 
52

 

 
16

Restructured loans - nonaccrual

 

 
1,464

 

 
2,717

Restructured loans - accruing

 

 
5,988

 

 
2,257

Total nonperforming loans

 

$
45,045

 

$
7,117

 

Impaired loans, individually evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
2,612

 

$
2,613

 

$

 -

Owner occupied commercial real estate

 

 
829

 

 
834

 

 

 -

Commercial real estate

 

 
6,946

 

 
6,963

 

 

 -

Construction, land & land development

 

 
268

 

 
268

 

 

 -

Residential mortgage

 

 
1,423

 

 
1,418

 

 

 -

Consumer and other

 

 
174

 

 
174

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
32,471

 

$
32,510

 

$
14,733

Construction, land & land development

 

 
204

 

 
204

 

 
92

Residential mortgage

 

 
66

 

 
67

 

 
15

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$
35,083

 

$
35,123

 

$
14,733

Real Estate

 

 
9,736

 

 
9,754

 

 
107

Consumer and other

 

 
174

 

 
174

 

 

 -

 

 

$
44,993

 

$
45,051

 

$
14,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
1,424

 

$
1,424

 

$

 -

Owner occupied commercial real estate

 

 
173

 

 
173

 

 

 -

Commercial real estate

 

 
2,506

 

 
2,510

 

 

 -

Construction, land & land development

 

 
969

 

 
969

 

 

 -

Residential mortgage

 

 
1,277

 

 
1,277

 

 

 -

Consumer and other

 

 
155

 

 
156

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
502

 

$
502

 

$
373

Consumer and other

 

 
95

 

 
95

 

 
95

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

$
1,926

 

$
1,926

 

$
373

Real Estate

 

 
4,925

 

 
4,929

 

 

 -

Consumer and other

 

 
250

 

 
251

 

 
95

 

 

$
7,101

 

$
7,106

 

$
468

 

Credit risk profile of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Consumer and other

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
6,464

 

$

 -

 

$
84

 

$

 -

 

$
268

 

$
926

   

$
7,742

Grade 2

 

 
6,348

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
6,348

Grade 3

 

 
189,370

 

 
17,996

 

 
27,851

 

 
4,973

 

 
63,118

 

 
622

 

 
303,930

Grade 4

 

 
798,335

 

 
304,827

 

 
770,241

 

 
328,296

 

 
221,463

 

 
11,695

 

 
2,434,857

Grade 5

 

 
48,083

 

 
4,696

 

 
49,275

 

 
15,103

 

 
1,222

 

 
499

 

 
118,878

Grade 6

 

 
46,068

 

 
16,114

 

 
20,246

 

 
1,288

 

 
1,109

 

 
116

 

 
84,941

Grade 7

 

 
63,254

 

 
2,278

 

 
22,540

 

 

 -

 

 
663

 

 
59

 

 
88,794

Grade 8

 

 
27,276

 

 
829

 

 
1,590

 

 
472

 

 
1,489

 

 

 -

 

 
31,656

Grade 9

 

 
7,349

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
7,349

 

 

 
1,192,547

 

 
346,740

 

 
891,827

 

 
350,132

 

 
289,332

 

 
13,917

 

 
3,084,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
13,905

 

 
7,149

 

 
12,288

 

 
8,681

 

 
4,151

 

 

 -

 

 
46,174

Total loans

 

$
1,206,452

 

$
353,889

 

$
904,115

 

$
358,813

 

$
293,483

 

$
13,917

 

$
3,130,669

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial
Real Estate

 

Construction &
Land
Development

 

Residential
Mortgage

 

Consumer and other

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
2,410

 

$

 -

 

$

 -

 

$

 -

 

$
285

 

$
997

 

$
3,692

Grade 2

 

 
5,338

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
5,338

Grade 3

 

 
183,109

 

 
26,830

 

 
33,347

 

 
7,605

 

 
57,945

 

 
2,956

 

 
311,792

Grade 4

 

 
484,214

 

 
133,051

 

 
283,401

 

 
222,209

 

 
192,565

 

 
6,067

 

 
1,321,507

Grade 5

 

 
62,783

 

 
1,016

 

 
1,935

 

 
3,692

 

 
99

 

 
150

 

 
69,675

Grade 6

 

 
42,995

 

 

 -

 

 
2,680

 

 

 -

 

 
447

 

 
121

 

 
46,243

Grade 7

 

 
3,341

 

 
1,273

 

 
9,812

 

 
6,148

 

 
1,307

 

 
29

 

 
21,910

Grade 8

 

 
1,788

 

 
174

 

 
570

 

 
940

 

 
1,277

 

 
95

 

 
4,844

Grade 9

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 
785,978

 

 
162,344

 

 
331,745

 

 
240,594

 

 
253,925

 

 
10,415

 

 
1,785,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
2,432

 

 
1,248

 

 
7,261

 

 
72

 

 
3,141

 

 

 -

 

 
14,154

Total loans

 

$
788,410

 

$
163,592

 

$
339,006

 

$
240,666

 

$
257,066

 

$
10,415

 

$
1,799,155

 

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended  December 31,

 

 

2015

 

2014

 

 

Number of Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment

 

Number of
Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment

 

 

(Dollars in thousands)

 

    

 

    

 

 

    

 

 

  

 

    

 

 

    

 

 

Commercial & industrial

 

 6

 

$
1,657

 

$
862

 

 4

 

$
915

 

$
353

Commercial real estate

 

 1

 

 
5,417

 

 
5,356

 

 1

 

 
580

 

 
570

Construction, land & land development

 

 -

 

 

 -

 

 

 -

 

 1

 

 
30

 

 
29

Consumer and other

 

 -

 

 

 -

 

 

 -

 

 1

 

 
125

 

 
121

Total

 

 7

 

$
7,074

 

$
6,218

 

 7

 

$
1,650

 

$
1,073