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Loan and Lease Receivables (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Outstanding Loan and Lease Receivables

Outstanding loan and lease receivables as of the dates shown were categorized as follows:

	September 30,			December 31,
	2019			2018
Commercial real estate	$	1,305,438		$	1,261,594
Residential real estate		748,875			704,899
Construction, land development, and other land		281,868			186,258
Commercial and industrial		1,300,997			1,145,240
Installment and other		9,284			13,675
Lease financing receivables		180,273			187,797
Total loans and leases		3,826,735			3,499,463
Net unamortized deferred fees and costs		1,444			(1,293	)
Initial direct costs		2,911			3,456
Allowance for loan and lease losses		(31,585	)		(25,201	)
Net loans and leases	$	3,799,505		$	3,476,425

	September 30,			December 31,
	2019			2018
Lease financing receivables
Net minimum lease payments	$	196,163		$	204,646
Unguaranteed residual values		1,379			1,535
Unearned income		(17,269	)		(18,384	)
Total lease financing receivables		180,273			187,797
Initial direct costs		2,911			3,456
Lease financial receivables before allowance for lease losses	$	183,184		$	191,253

Summary of Minimum Annual Lease Payments for Lease Financing Receivables

The minimum annual lease payments for lease financing receivables as of September 30, 2019 are summarized as follows:

	Minimum Lease Payments
2019	$	18,025
2020		70,292
2021		51,235
2022		33,733
2023		17,614
Thereafter		5,264
Total	$	196,163

Summary of Balances for Each Respective Loan and Lease Category

The following tables summarize the balances for each respective loan and lease category as of September 30, 2019 and December 31, 2018:

September 30, 2019	Originated		Acquired Impaired		Acquired Non- Impaired		Total
Commercial real estate	$	772,559	$	142,435	$	391,294	$	1,306,288
Residential real estate		497,839		109,409		141,855		749,103
Construction, land development, and other land		236,780		4,562		39,657		280,999
Commercial and industrial		1,096,400		18,349		187,413		1,302,162
Installment and other		7,818		267		1,269		9,354
Lease financing receivables		160,061		—		23,123		183,184
Total loans and leases	$	2,771,457	$	275,022	$	784,611	$	3,831,090

December 31, 2018	Originated		Acquired Impaired		Acquired Non- Impaired		Total
Commercial real estate	$	652,234	$	146,808	$	462,565	$	1,261,607
Residential real estate		466,309		113,934		124,659		704,902
Construction, land development, and other land		144,128		3,779		37,442		185,349
Commercial and industrial		803,508		12,617		328,672		1,144,797
Installment and other		11,718		404		1,596		13,718
Lease financing receivables		159,901		—		31,352		191,253
Total loans and leases	$	2,237,798	$	277,542	$	986,286	$	3,501,626

Schedule of Estimated Fair Value of Impaired Loans Acquired at Acquisition

The following table presents a reconciliation of the undiscounted contractual cash flows, non-accretable difference, accretable yield, and fair value of acquired impaired loans as of the acquisition date of May 31, 2018 (First Evanston) and April 30, 2019 (Oak Park River Forest):

	First Evanston			Oak Park River Forest
Undiscounted contractual cash flows	$	33,594		$	65,223
Undiscounted cash flows not expected to be collected (non-accretable difference)		(5,003	)		(8,158	)
Undiscounted cash flows expected to be collected		28,591			57,065
Accretable yield at acquisition		(3,566	)		(8,501	)
Estimated fair value of impaired loans acquired at acquisition	$	25,025		$	48,564

Summary of Outstanding Balance and Carrying Amount of All Acquired Impaired Loans

The outstanding balance and carrying amount of all acquired impaired loans are summarized below. The balances do not include an allowance for loan and lease losses of $2.8 million and $2.7 million, at September 30, 2019 and December 31, 2018, respectively.

	September 30, 2019				December 31, 2018
	Outstanding Balance		Carrying Value		Outstanding Balance		Carrying Value
Commercial real estate	$	196,495	$	142,435	$	216,137	$	146,808
Residential real estate		161,742		109,409		173,962		113,934
Construction, land development, and other land		13,276		4,562		11,962		3,779
Commercial and industrial		27,320		18,349		24,972		12,617
Installment and other		1,121		267		1,735		404
Total acquired impaired loans	$	399,954	$	275,022	$	428,768	$	277,542

Summary of Changes in Accretable Yield for Acquired Impaired Loans

The following table summarizes the changes in accretable yield for acquired impaired loans for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Beginning balance	$	46,538		$	41,306		$	37,115		$	36,446
Additions		—			—			8,501			3,566
Accretion to interest income		(7,703	)		(5,665	)		(17,772	)		(17,227	)
Reclassification from nonaccretable difference, net		5,153			2,507			16,144			15,363
Ending balance	$	43,988		$	38,148		$	43,988		$	38,148

Schedule of Unpaid Principal Balance and Carrying Value for Acquired Non-Impaired Loans and Leases

The unpaid principal balance and carrying value for acquired non-impaired loans and leases at September 30, 2019 and December 31, 2018 were as follows:

	September 30, 2019				December 31, 2018
	Unpaid Principal Balance		Carrying Value		Unpaid Principal Balance		Carrying Value
Commercial real estate	$	400,422	$	391,294	$	473,262	$	462,565
Residential real estate		144,075		141,855		127,478		124,659
Construction, land development, and other land		40,778		39,657		38,494		37,442
Commercial and industrial		194,756		187,413		344,879		328,672
Installment and other		1,303		1,269		1,831		1,596
Lease financing receivables		24,754		23,123		32,977		31,352
Total acquired non-impaired loans and leases	$	806,088	$	784,611	$	1,018,921	$	986,286