XML 42 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans (Tables)
 6 Months Ended
Jun. 30, 2016
LOANS  
Loan Portfolio Classified by Type and Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

    

Originated

    

Acquired

    

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
905,683

 

$
222,858

 

$
1,128,541

Real estate:

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
222,762

 

 
143,825

 

 
366,587

Commercial real estate

 

 
710,431

 

 
368,003

 

 
1,078,434

Construction, land & land development

 

 
240,098

 

 
94,827

 

 
334,925

Residential mortgage

 

 
128,168

 

 
142,169

 

 
270,337

Consumer and other

 

 
7,922

 

 
2,690

 

 
10,612

Total loans held for investment

 

$
2,215,064

 

$
974,372

 

$
3,189,436

 

 

 

 

 

 

 

 

 

 

Total loans held for sale

 

$
6,253

 

$

 -

 

$
6,253

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

 

Due in
One Year
or Less

 

Due After
One Year
Through
Five Years

 

Due After
Five Years

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

    

$
432,407

 

$
644,544

 

$
51,590

    

$
1,128,541

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 Owner occupied commercial real estate

 

 
26,978

 

 
183,944

 

 
155,665

 

 
366,587

 Commercial real estate

 

 
61,751

 

 
800,924

 

 
215,759

 

 
1,078,434

 Construction, land & land development

 

 
108,289

 

 
149,176

 

 
77,460

 

 
334,925

 Residential mortgage

 

 
18,884

 

 
68,852

 

 
182,601

 

 
270,337

Consumer and Other

 

 
6,804

 

 
2,893

 

 
915

 

 
10,612

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
655,113

 

$
1,850,333

 

$
683,990

 

$
3,189,436

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$
75,299

 

$
490,934

 

$
123,573

 

$
689,806

Floating rate

 

 
579,814

 

 
1,359,399

 

 
560,417

 

 
2,499,630

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment

 

$
655,113

 

$
1,850,333

 

$
683,990

 

$
3,189,436

 

Related party loans

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Beginning balance

 

$
9,741

 

$

 -

Additions (at Acquisition)

 

 

 -

 

 
10,003

Advances

 

 
482

 

 

 -

Repayments

 

 
(3,428)

 

 
(262)

Ending Balance

 

$
6,795

 

$
9,741

 

Acquired loans

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Credit impaired acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

$
53,214

 

$
60,554

Recorded investment

 

 
39,326

 

 
46,174

Discount, net

 

$
13,888

 

$
14,380

 

 

 

 

 

 

 

Other acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
941,744

 

 
1,162,068

Deferred fees, net

 

 
(174)

 

 
(162)

Recorded investment

 

 
935,046

 

 
1,150,938

Discount, net

 

$
6,524

 

$
10,968

 

 

 

 

 

 

 

Total acquired loans:

 

 

 

 

 

 

Outstanding principal balance

 

 
994,958

 

 
1,222,622

Deferred fees, net

 

 
(174)

 

 
(162)

Recorded investment

 

 
974,372

 

 
1,197,112

Discount, net

 

$
20,412

 

$
25,348

 

Accretable Yield For Credit Impaired Acquired Loans

 

 

 

 

 

 

 

 

 

 

Six Months Ended  June 30,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$
966

 

$
685

Additions (at acquisition)

 

 

 -

 

 

 -

Reclassifications from (to) nonaccretable discount

 

 

 -

 

 
480

Accretion

 

 
(38)

 

 
(63)

Balance at period end

 

$
928

 

$
1,102

 

Age analysis of loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$
6,382

 

$
298

 

$
6,680

 

$
58,173

 

$

 -

 

$
840,830

 

$
905,683

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
1,454

 

 
1,737

 

 
3,191

 

 
778

 

 

 -

 

 
218,793

 

 
222,762

Commercial real estate

 

 
2,375

 

 

 -

 

 
2,375

 

 

 -

 

 

 -

 

 
708,056

 

 
710,431

Construction, land & land development

 

 
1,176

 

 
846

 

 
2,022

 

 

 -

 

 

 -

 

 
238,076

 

 
240,098

Residential mortgage

 

 
1,887

 

 

 -

 

 
1,887

 

 
581

 

 

 -

 

 
125,700

 

 
128,168

Consumer and other

 

 
153

 

 
4

 

 
157

 

 

 -

 

 

 -

 

 
7,765

 

 
7,922

Total originated loans

 

$
13,427

 

$
2,885

 

$
16,312

 

$
59,532

 

$

 -

 

$
2,139,220

 

$
2,215,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
17,992

 

$
9,978

 

$
27,970

 

$
2,327

 

$
8,281

 

$
184,280

 

$
222,858

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied commercial real estate

 

 
1,991

 

 

 -

 

 
1,991

 

 
1,360

 

 
6,605

 

 
133,869

 

 
143,825

Commercial real estate

 

 
1,107

 

 
1,026

 

 
2,133

 

 
2,060

 

 
12,072

 

 
351,738

 

 
368,003

Construction, land & land development

 

 
177

 

 
358

 

 
535

 

 

 -

 

 
8,345

 

 
85,947

 

 
94,827

Residential mortgage

 

 
251

 

 
73

 

 
324

 

 
2,200

 

 
4,023

 

 
135,622

 

 
142,169

Consumer and other

 

 
64

 

 

 -

 

 
64

 

 
2

 

 

 -

 

 
2,624

 

 
2,690

Total acquired loans

 

$
21,582

 

$
11,435

 

$
33,017

 

$
7,949

 

$
39,326

 

$
894,080

 

$
974,372

Total loans held for investment

 

$
35,009

 

$
14,320

 

$
49,329

 

$
67,481

 

$
39,326

 

$
3,033,300

 

$
3,189,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2016

    

2015

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Nonaccrual loans

 

$
66,628

 

$
37,541

Accruing loans past due 90 days or more

 

 
14,320

 

 
52

Restructured loans - nonaccrual

 

 
853

 

 
1,464

Restructured loans - accruing

 

 
5,469

 

 
5,988

Total nonperforming loans

 

$
87,270

 

$
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

 

 

June 30, 2016

 

June 30, 2015

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
53,587

 

$
13

 

$
3,739

 

$
18

Owner occupied commercial real estate

 

 
1,343

 

 

 -

 

 
1,426

 

 

 -

Commercial real estate

 

 
7,152

 

 
80

 

 
534

 

 

 -

Construction, land & land development

 

 
151

 

 
180

 

 
507

 

 

 -

Residential mortgage

 

 
2,345

 

 
10

 

 
1,173

 

 
240

Consumer and other

 

 
84

 

 
1

 

 
152

 

 
2

Total

 

$
64,662

 

$
284

 

$
7,531

 

$
260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30, 2016

 

June 30, 2015

 

 

Average Recorded Investment

 

Interest Income Recognized

 

Average Recorded Investment

 

Interest Income Recognized

 

 

(Dollars in thousands)

 

    

 

 

    

 

 

  

 

 

    

 

 

Commercial & industrial

 

$
46,258

 

$
20

 

$
2,480

 

$
20

Owner occupied commercial real estate

 

 
1,293

 

 

 -

 

 
1,230

 

 

 -

Commercial real estate

 

 
7,029

 

 
162

 

 
1,510

 

 
16

Construction, land & land development

 

 
307

 

 
180

 

 
651

 

 
15

Residential mortgage

 

 
2,066

 

 
10

 

 
1,277

 

 
240

Consumer and other

 

 
111

 

 
3

 

 
183

 

 
5

Total

 

$
57,064

 

$
375

 

$
7,331

 

$
296

 

Impaired loans, individually evaluated for impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

    

Recorded Investment

    

Unpaid Principal Balance

    

Related Allowance

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
10,581

 

$
10,628

 

$

 -

Owner occupied commercial real estate

 

 
1,576

 

 
1,596

 

 

 -

Commercial real estate

 

 
7,290

 

 
7,313

 

 

 -

Construction, land & land development

 

 

 -

 

 

 -

 

 

 -

Residential mortgage

 

 
2,133

 

 
2,120

 

 

 -

Consumer and other

 

 
108

 

 
108

 

 

 -

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

            

 

 

            

 

 

            

Commercial & industrial

 

$
50,050

 

$
50,091

 

$
19,386

Owner occupied commercial real estate

 

 
562

 

 
560

 

 
560

Residential mortgage

 

 
648

 

 
645

 

 
229

Consumer and other

 

 
2

 

 
2

 

 
2

 

 

 

 

 

 

 

 

 

 

Total:

 

 

 

 

 

 

 

 

 

Commercial & industrial

 

$
60,631

 

$
60,719

 

$
19,386

Real estate

 

 
12,209

 

 
12,234

 

 
789

Consumer and other

 

 
110

 

 
110

 

 
2

Total

 

$
72,950

 

$
73,063

 

$
20,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

 

Commercial &
Industrial

 

Owner
Occupied
Commercial
Real Estate

 

Commercial

Real Estate

 

Construction &
Land
Development

 

Residential

Mortgage

 

Other
Consumer

 

Total

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade 1

   

$
4,727

 

$

 -

 

$
78

 

$

 -

 

$
264

 

$
1,151

   

$
6,220

Grade 2

 

 
4,071

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
4,071

Grade 3

 

 
165,612

 

 
17,307

 

 
16,149

 

 
2,235

 

 
57,349

 

 
119

 

 
258,771

Grade 4

 

 
689,637

 

 
305,536

 

 
967,112

 

 
300,773

 

 
199,445

 

 
9,133

 

 
2,471,636

Grade 5

 

 
75,981

 

 
4,052

 

 
16,616

 

 
14,102

 

 
4,144

 

 
106

 

 
115,001

Grade 6

 

 
41,572

 

 
14,257

 

 
39,597

 

 
7,462

 

 
1,673

 

 
60

 

 
104,621

Grade 7

 

 
78,160

 

 
16,693

 

 
24,750

 

 
2,008

 

 
657

 

 
41

 

 
122,309

Grade 8

 

 
44,341

 

 
2,137

 

 
2,060

 

 

 -

 

 
2,782

 

 
2

 

 
51,322

Grade 9

 

 
16,159

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
16,159

 

 

 
1,120,260

 

 
359,982

 

 
1,066,362

 

 
326,580

 

 
266,314

 

 
10,612

 

 
3,150,110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Credit Impaired

 

 
8,281

 

 
6,605

 

 
12,072

 

 
8,345

 

 
4,023

 

 

 -

 

 
39,326

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans

 

$
1,128,541

 

$
366,587

 

$
1,078,434

 

$
334,925

 

$
270,337

 

$
10,612

 

$
3,189,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30, 2016

 

June 30, 2015

 

 

Number of Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
June 30, 2016

 

Number of
Contracts

 

Pre-Modification
Outstanding
Recorded
Investment

 

Recorded Investment as of
June 30, 2015

 

 

(Dollars in thousands)

 

    

 

    

 

 

    

 

 

  

 

    

 

 

    

 

 

Commercial & industrial

 

 -

 

$

 -

 

$

 -

 

 3

 

$
985

 

$
877

Total

 

 -

 

$

 -

 

$

 -

 

 3

 

$
985

 

$
877