XML 42 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans (Tables)
 3 Months Ended
Mar. 31, 2016
LOANS  
Loan Portfolio Classified by Type and Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

    

Originated

    

Acquired

    

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
847,538

 

$
283,172

 

$
1,130,710

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
205,050

 

 
162,457

 

 
367,507

Commercial real estate

 

 
636,539

 

 
383,860

 

 
1,020,399

Construction, land & land development

 

 
252,642

 

 
103,565

 

 
356,207

Residential mortgage

 

 
123,941

 

 
156,295

 

 
280,236

Consumer and other

 

 
9,838

 

 
3,286

 

 
13,124

Total loans held for investment

 

$
2,075,548

 

$
1,092,635

 

$
3,168,183

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$

 -

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Loan maturities and rate sensitivity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

Due in
One Year
or Less

 

Due After
One Year
Through
Five Years

 

Due After
Five Years

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

    

$
436,154

 

$
630,935

 

$
63,621

    

$
1,130,710

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 Owner occupied commercial real estate

 

 
19,420

 

 
194,902

 

 
153,185

 

 
367,507

 Commercial real estate

 

 
53,435

 

 
780,939

 

 
186,025

 

 
1,020,399

 Construction, land & land development

 

 
122,512

 

 
156,712

 

 
76,983

 

 
356,207

 Residential mortgage

 

 
19,752

 

 
68,554

 

 
191,930

 

 
280,236

Consumer and Other

 

 
9,030

 

 
3,017

 

 
1,077

 

 
13,124

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
660,303

 

$
1,835,059

 

$
672,821

 

$
3,168,183

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$
78,341

 

$
486,314

 

$
125,183

 

$
689,838

Floating rate

 

 
581,962

 

 
1,348,745

 

 
547,638

 

 
2,478,345

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
660,303

 

$
1,835,059

 

$
672,821

 

$
3,168,183

 

Related party loans

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Beginning balance

 

$
9,741

 

$

 -

Additions (at Acquisition)

 

 

 -

 

 
10,003

Advances

 

 
75

 

 

 -

Repayments

 

 
(2,228)

 

 
(262)

Ending Balance

 

$
7,588

 

$
9,741

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
56,985

 

$
60,554

Recorded investment

 

 
42,652

 

 
46,174

Discount, net

 

$
14,333

 

$
14,380

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,058,575

 

 
1,162,068

Deferred fees, net

 

 
(54)

 

 
(162)

Recorded investment

 

 
1,049,983

 

 
1,150,938

Discount, net

 

$
8,538

 

$
10,968

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
1,115,560

 

 
1,222,622

Deferred fees, net

 

 
(54)

 

 
(162)

Recorded investment

 

 
1,092,635

 

 
1,197,112

Discount, net

 

$
22,871

 

$
25,348

 

Accretable Yield For Credit Impaired Acquired Loans

 

 

 

 

 

 

 

 

 

 

Three Months Ended  March 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$
966

 

$
685

Additions (at acquisition)

 

 

 -

 

 

 -

Reclassifications from (to) nonaccretable discount

 

 

 -

 

 
480

Accretion

 

 

 -

 

 
(63)

Balance at period end

 

$
966

 

$
1,102

 

Age analysis of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

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

 

$
9,397

 

$
624

 

$
10,021

 

$
44,291

 

$

 -

 

$
793,226

 

$
847,538

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
3,320

 

 

 -

 

 
3,320

 

 
792

 

 

 -

 

 
200,938

 

 
205,050

Commercial real estate

 

 
4,006

 

 

 -

 

 
4,006

 

 

 -

 

 

 -

 

 
632,533

 

 
636,539

Construction, land & land development

 

 
1,687

 

 

 -

 

 
1,687

 

 
458

 

 

 -

 

 
250,497

 

 
252,642

Residential mortgage

 

 
820

 

 

 -

 

 
820

 

 
743

 

 

 -

 

 
122,378

 

 
123,941

Consumer and other

 

 
495

 

 

 -

 

 
495

 

 

 -

 

 

 -

 

 
9,343

 

 
9,838

Total originated loans

 

$
19,725

 

$
624

 

$
20,349

 

$
46,284

 

$

 -

 

$
2,008,915

 

$
2,075,548

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
2,499

 

$
9,745

 

$
12,244

 

$
478

 

$
10,791

 

$
259,659

 

$
283,172

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
807

 

 

 -

 

 
807

 

 
739

 

 
6,981

 

 
153,930

 

 
162,457

Commercial real estate

 

 
6,370

 

 
1,026

 

 
7,396

 

 
1,555

 

 
12,175

 

 
362,734

 

 
383,860

Construction, land & land development

 

 
1,023

 

 
498

 

 
1,521

 

 

 -

 

 
8,633

 

 
93,411

 

 
103,565

Residential mortgage

 

 
6,937

 

 
254

 

 
7,191

 

 
1,478

 

 
4,072

 

 
143,554

 

 
156,295

Consumer and other

 

 
39

 

 

 -

 

 
39

 

 

 -

 

 

 -

 

 
3,247

 

 
3,286

Total acquired loans

 

$
17,675

 

$
11,523

 

$
29,198

 

$
4,250

 

$
42,652

 

$
1,016,535

 

$
1,092,635

Total loans held for investment

 

$
37,400

 

$
12,147

 

$
49,547

 

$
50,534

 

$
42,652

 

$
3,025,450

 

$
3,168,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 originated loans

 

$
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 acquired loans

 

$
15,877

 

$
7

 

$
15,884

 

$
3,302

 

$
46,174

 

$
1,131,752

 

$
1,197,112

Total loans held for investment

 

$
29,871

 

$
52

 

$
29,923

 

$
39,005

 

$
46,174

 

$
3,015,567

 

$
3,130,669

 

Summary of impaired loans

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Nonaccrual loans

 

$
49,264

 

$
37,541

Accruing loans past due 90 days or more

 

 
12,147

 

 
52

Restructured loans - nonaccrual

 

 
1,270

 

 
1,464

Restructured loans - accruing

 

 
5,616

 

 
5,988

Total nonperforming loans

 

$
68,297

 

$
45,045

 

Schedule of financing receivables average recorded investment and interest income recognized

The following tables present, for the periods indicated, the average recorded investment in impaired loans and the approximate amount of interest recognized on impaired loans.  Interest recognized includes interest accrued on restructured loans that have performed based on their restructured terms and interest collected on nonaccrual loans that were paid in full during the period.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2016

 

March 31, 2015

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
38,929

 

$
7

 

$
3,222

 

$
4

Owner occupied commercial real estate

 

 
1,243

 

 

 -

 

 
1,035

 

 

 -

Commercial real estate

 

 
6,905

 

 
81

 

 
2,486

 

 
31

Construction, land & land development

 

 
462

 

 

 -

 

 
795

 

 
15

Residential mortgage

 

 
1,787

 

 

 -

 

 
1,380

 

 

 -

Consumer and other

 

 
139

 

 
2

 

 
214

 

 
3

Total

 

$
49,465

 

$
90

 

$
9,132

 

$
53

 

Impaired loans, individually evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
3,097

 

$
3,106

 

$

 -

Owner occupied commercial real estate

 

 
1,352

 

 
1,356

 

 

 -

Commercial real estate

 

 
6,848

 

 
6,865

 

 

 -

Construction, land & land development

 

 
259

 

 
259

 

 

 -

Residential mortgage

 

 
1,997

 

 
1,987

 

 

 -

Consumer and other

 

 
168

 

 
168

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

            

 

 

            

 

 

            

Commercial & industrial

 

$
41,829

 

$
41,875

 

$
13,188

Owner occupied commercial real estate

 

 
177

 

 
181

 

 
181

Construction, land & land development

 

 
199

 

 
199

 

 
86

Residential mortgage

 

 
225

 

 
223

 

 
30

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
44,926

 

$
44,981

 

$
13,188

Real estate

 

 
11,057

 

 
11,070

 

 
297

Consumer and other

 

 
168

 

 
168

 

 

 -

Total

 

$
56,151

 

$
56,219

 

$
13,485

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 -

Total

 

$
44,993

 

$
45,051

 

$
14,840

 

Credit risk profile of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Other
Consumer

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
5,535

 

$

-

 

$
81

 

$

 -

 

$
266

 

$
939

   

$
6,821

Grade 2

 

 
3,890

 

 

-

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
3,890

Grade 3

 

 
195,094

 

 
17,808

 

 
23,376

 

 
2,254

 

 
62,380

 

 
1,807

 

 
302,719

Grade 4

 

 
620,190

 

 
305,946

 

 
899,348

 

 
319,181

 

 
207,297

 

 
9,920

 

 
2,361,882

Grade 5

 

 
114,031

 

 
2,518

 

 
25,298

 

 
17,356

 

 
1,412

 

 
298

 

 
160,913

Grade 6

 

 
39,140

 

 
16,138

 

 
35,189

 

 
7,460

 

 
1,733

 

 
114

 

 
99,774

Grade 7

 

 
97,269

 

 
16,587

 

 
23,377

 

 
865

 

 
855

 

 
45

 

 
138,998

Grade 8

 

 
33,379

 

 
1,529

 

 
1,555

 

 
458

 

 
2,221

 

 
1

 

 
39,143

Grade 9

 

 
11,391

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
11,391

 

 

 
1,119,919

 

 
360,526

 

 
1,008,224

 

 
347,574

 

 
276,164

 

 
13,124

 

 
3,125,531

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
10,791

 

 
6,981

 

 
12,175

 

 
8,633

 

 
4,072

 

 

 -

 

 
42,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$
1,130,710

 

$
367,507

 

$
1,020,399

 

$
356,207

 

$
280,236

 

$
13,124

 

$
3,168,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Other
Consumer

 

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

 

Troubled debt restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2016

 

March 31, 2015

 

 

Number of Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
March 31, 2016

 

Number of
Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
March 31, 2015

 

 

(Dollars in thousands)

 

    

 

    

 

 

    

 

 

  

 

    

 

 

    

 

 

Commercial & industrial

 

 -

 

$

 -

 

$

 -

 

 1

 

$
739

 

$
689

Total

 

 -

 

$

 -

 

$

 -

 

 1

 

$
739

 

$
689