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Loan and Lease Receivables (Tables)

3 Months Ended

9 Months Ended

Mar. 31, 2020

Sep. 30, 2019

Schedule of Outstanding Loan and Lease Receivables

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

	March 31,			December 31,
	2020			2019
Commercial real estate	$	1,293,225		$	1,275,058
Residential real estate		693,650			711,499
Construction, land development, and other land		278,579			279,403
Commercial and industrial		1,413,090			1,330,418
Installment and other		5,640			6,484
Lease financing receivables		170,734			177,774
Total loans and leases		3,854,918			3,780,636
Net unamortized deferred fees and costs		2,828			2,289
Initial direct costs		2,513			2,736
Allowance for loan and lease losses		(41,840	)		(31,936	)
Net loans and leases	$	3,818,419		$	3,753,725

	March 31,			December 31,
	2020			2019
Lease financing receivables
Net minimum lease payments	$	185,551		$	193,359
Unguaranteed residual values		1,228			1,347
Unearned income		(16,045	)		(16,932	)
Total lease financing receivables		170,734			177,774
Initial direct costs		2,513			2,736
Lease financial receivables before allowance for lease losses	$	173,247		$	180,510

Summary of Minimum Annual Lease Payments for Lease Financing Receivables

The minimum annual lease payments for lease financing receivables as of March 31, 2020 are summarized as follows:

	Minimum Lease Payments
2020	$	53,064
2021		58,350
2022		40,743
2023		22,851
2024		9,541
Thereafter		1,002
Total	$	185,551

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 March 31, 2020 and December 31, 2019:

March 31, 2020	Originated		Acquired Impaired		Acquired Non- Impaired		Total
Commercial real estate	$	839,244	$	127,895	$	327,820	$	1,294,959
Residential real estate		480,946		94,198		118,853		693,997
Construction, land development, and other land		242,001		5,291		30,484		277,776
Commercial and industrial		1,263,688		15,808		135,063		1,414,559
Installment and other		4,594		236		891		5,721
Lease financing receivables		154,173		—		19,074		173,247
Total loans and leases	$	2,984,646	$	243,428	$	632,185	$	3,860,259

December 31, 2019	Originated		Acquired Impaired		Acquired Non- Impaired		Total
Commercial real estate	$	792,263	$	135,914	$	348,365	$	1,276,542
Residential real estate		483,072		100,223		128,527		711,822
Construction, land development, and other land		235,794		5,373		37,490		278,657
Commercial and industrial		1,160,996		16,909		153,660		1,331,565
Installment and other		5,372		249		944		6,565
Lease financing receivables		158,155		—		22,355		180,510
Total loans and leases	$	2,835,652	$	258,668	$	691,341	$	3,785,661

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 April 30, 2019:

Undiscounted contractual cash flows	$	74,092
Undiscounted cash flows not expected to be collected (non-accretable difference)		(11,401	)
Undiscounted cash flows expected to be collected		62,691
Accretable yield at acquisition		(9,764	)
Estimated fair value of impaired loans acquired at acquisition	$	52,927

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 $4.3 million and $2.8 million, at March 31, 2020 and December 31, 2019, respectively.

	March 31, 2020				December 31, 2019
	Outstanding Balance		Carrying Value		Outstanding Balance		Carrying Value
Commercial real estate	$	175,242	$	127,895	$	189,969	$	135,914
Residential real estate		143,257		94,198		151,641		100,223
Construction, land development, and other land		14,214		5,291		14,841		5,373
Commercial and industrial		21,863		15,808		23,330		16,909
Installment and other		968		236		1,099		249
Total acquired impaired loans	$	355,544	$	243,428	$	380,880	$	258,668

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 months ended March 31, 2020 and 2019:

	Three Months Ended
	March 31,
	2020			2019
Beginning balance	$	40,009		$	37,115
Accretion to interest income		(5,205	)		(5,250	)
Reclassification from (to) nonaccretable difference, net		2,233			(2,525	)
Ending balance	$	37,037		$	29,340

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 March 31, 2020 and December 31, 2019 were as follows:

	March 31, 2020				December 31, 2019
	Unpaid Principal Balance		Carrying Value		Unpaid Principal Balance		Carrying Value
Commercial real estate	$	335,844	$	327,820	$	356,787	$	348,365
Residential real estate		120,492		118,853		130,412		128,527
Construction, land development, and other land		31,268		30,484		38,416		37,490
Commercial and industrial		139,970		135,063		159,599		153,660
Installment and other		916		891		971		944
Lease financing receivables		20,668		19,074		23,976		22,355
Total acquired non-impaired loans and leases	$	649,158	$	632,185	$	710,161	$	691,341