XML 98 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Accounting for Certain Loans Acquired with Deteriorated Credit Quality (Tables)
 6 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of troubled debt restructurings
The re-assessment of purchased credit impaired loans resulted in the following changes in the accretable yield during the three and six months ended March 31, 2020 and 2019.
Three Months Ended March 31,Six Months Ended March 31,
2020201920202019
(dollars in thousands)
Balance, beginning of period$21,130  $35,493  $26,047  $34,973  
Accretion(1,753) (2,188) (3,693) (4,343) 
Reclassification (to) from nonaccretable difference(37) 375  (3,014) 3,050  
Balance, end of period$19,340  $33,680  $19,340  $33,680  
Schedule of impaired loans
The following table presents the Company’s impaired loans. This table excludes purchased credit impaired loans and loans measured at fair value with changes in fair value reported in earnings of $792.1 million at March 31, 2020 and $813.0 million at September 30, 2019.
March 31, 2020September 30, 2019
Recorded InvestmentUnpaid Principal BalanceRelated AllowanceRecorded InvestmentUnpaid Principal BalanceRelated Allowance
(dollars in thousands)
Impaired loans:
With an allowance recorded:
Commercial real estate$60,619  $61,828  $7,020  $26,003  $26,297  $4,159  
Agriculture35,013  36,267  8,136  98,392  104,350  8,234  
Commercial non-real estate34,227  37,737  8,601  21,331  21,777  6,062  
Residential real estate5,426  5,923  2,115  3,829  4,311  1,795  
Consumer125  133  36  207  214  97  
Total impaired loans with an allowance recorded135,410  141,888  25,908  149,762  156,949  20,347  
With no allowance recorded:
Commercial real estate72,060  110,873  —  28,272  66,631  —  
Agriculture312,866  331,126  —  231,087  255,308  —  
Commercial non-real estate59,250  67,488  —  21,579  31,414  —  
Residential real estate5,475  7,870  —  3,290  5,454  —  
Consumer2  110  —  1  108  —  
Total impaired loans with no allowance recorded449,653  517,467  —  284,229  358,915  —  
Total impaired loans$585,063  $659,355  $25,908  $433,991  $515,864  $20,347  
The following table presents the average recorded investment on impaired loans and interest income recognized on impaired loans for the three and six months ended March 31, 2020 and 2019.
Three Months Ended March 31,Six Months Ended March 31,
2020201920202019
Average Recorded InvestmentInterest Income Recognized While on Impaired StatusAverage Recorded InvestmentInterest Income Recognized While on Impaired StatusAverage Recorded InvestmentInterest Income Recognized While on Impaired StatusAverage Recorded InvestmentInterest Income Recognized While on Impaired Status
(dollars in thousands)
Commercial real estate$112,623  $1,287  $34,475  $345  $93,174  $3,666  $36,616  $697  
Agriculture369,598  4,784  151,021  2,203  356,225  13,301  146,423  3,202  
Commercial non-real estate97,672  1,531  22,556  312  79,418  4,401  22,731  678  
Residential real estate10,904  127  6,724  93  9,642  393  6,711  182  
Consumer139  3  237  6  162  4  212  11  
Total$590,936  $7,732  $215,013  $2,959  $538,621  $21,765  $212,693  $4,770  
The following table provides purchased credit impaired loans at March 31, 2020 and September 30, 2019.
March 31, 2020September 30, 2019
Outstanding Balance ¹Recorded Investment ²Carrying Value ³Outstanding Balance ¹Recorded Investment ²Carrying Value ³
(dollars in thousands)
Commercial real estate$88,443  $21,611  $21,502  $90,295  $22,124  $21,965  
Agriculture4,259  2,970  2,970  4,462  2,756  2,491  
Commercial non-real estate7,072  178  149  7,190  221  192  
Residential real estate32,947  28,263  27,769  35,413  30,280  30,168  
Consumer441  383  362  493  438  438  
Total lending$133,162  $53,405  $52,752  $137,853  $55,819  $55,254  
1 Represents the legal balance of ASC 310-30 loans.
2 Represents the book balance of ASC 310-30 loans.
3 Represents the book balance of ASC 310-30 loans net of the related allowance for loan and lease losses.