XML 126 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Allowance for Loan and Lease Losses and Reserve for Unfunded Commitments (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Allowance for Loan and Lease Losses and Reserve for Unfunded Commitments

The following tables summarize the balance and activity within the allowance for loan and lease losses, the components of the allowance for loan and lease losses in terms of loans and leases individually and collectively evaluated for impairment, and corresponding loan and lease balances by type for the three months ended March 31, 2020 and 2019 are as follows:

 

 

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Allowance for loan and lease losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

7,965

 

 

$

1,990

 

 

$

610

 

 

$

19,377

 

 

$

50

 

 

$

1,944

 

 

$

31,936

 

Provisions

 

 

4,422

 

 

 

784

 

 

 

394

 

 

 

8,546

 

 

 

3

 

 

 

306

 

 

 

14,455

 

Charge-offs

 

 

(552

)

 

 

(5

)

 

 

—

 

 

 

(3,958

)

 

 

—

 

 

 

(457

)

 

 

(4,972

)

Recoveries

 

 

16

 

 

 

9

 

 

 

—

 

 

 

174

 

 

 

—

 

 

 

222

 

 

 

421

 

Ending balance

 

$

11,851

 

 

$

2,778

 

 

$

1,004

 

 

$

24,139

 

 

$

53

 

 

$

2,015

 

 

$

41,840

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

3,634

 

 

$

92

 

 

$

—

 

 

$

9,709

 

 

$

—

 

 

$

—

 

 

$

13,435

 

Collectively evaluated for

   impairment

 

 

6,115

 

 

 

1,685

 

 

 

915

 

 

 

13,320

 

 

 

53

 

 

 

2,015

 

 

 

24,103

 

Loans acquired with deteriorated

   credit quality

 

 

2,102

 

 

 

1,001

 

 

 

89

 

 

 

1,110

 

 

 

—

 

 

 

—

 

 

 

4,302

 

Total allowance for loan and lease

   losses

 

$

11,851

 

 

$

2,778

 

 

$

1,004

 

 

$

24,139

 

 

$

53

 

 

$

2,015

 

 

$

41,840

 

 

March 31, 2020

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Loans and leases ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

32,974

 

 

$

1,960

 

 

$

2,577

 

 

$

43,926

 

 

$

—

 

 

$

—

 

 

$

81,437

 

Collectively evaluated for

   impairment

 

 

1,134,090

 

 

 

597,839

 

 

 

269,908

 

 

 

1,354,825

 

 

 

5,485

 

 

 

173,247

 

 

 

3,535,394

 

Loans acquired with deteriorated

   credit quality

 

 

127,895

 

 

 

94,198

 

 

 

5,291

 

 

 

15,808

 

 

 

236

 

 

 

—

 

 

 

243,428

 

Total loans and leases

 

$

1,294,959

 

 

$

693,997

 

 

$

277,776

 

 

$

1,414,559

 

 

$

5,721

 

 

$

173,247

 

 

$

3,860,259

 

 

 

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Allowance for loan and lease losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

7,540

 

 

$

1,751

 

 

$

466

 

 

$

12,932

 

 

$

49

 

 

$

2,463

 

 

$

25,201

 

Provisions

 

 

442

 

 

 

218

 

 

 

70

 

 

 

3,032

 

 

 

14

 

 

 

223

 

 

 

3,999

 

Charge-offs

 

 

(1,351

)

 

 

—

 

 

 

—

 

 

 

(352

)

 

 

—

 

 

 

(645

)

 

 

(2,348

)

Recoveries

 

 

29

 

 

 

1

 

 

 

—

 

 

 

18

 

 

 

—

 

 

 

206

 

 

 

254

 

Ending balance

 

$

6,660

 

 

$

1,970

 

 

$

536

 

 

$

15,630

 

 

$

63

 

 

$

2,247

 

 

$

27,106

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

1,403

 

 

$

34

 

 

$

—

 

 

$

6,122

 

 

$

—

 

 

$

—

 

 

$

7,559

 

Collectively evaluated for

   impairment

 

 

4,141

 

 

 

1,516

 

 

 

536

 

 

 

8,200

 

 

 

61

 

 

 

2,247

 

 

 

16,701

 

Loans acquired with deteriorated

   credit quality

 

 

1,116

 

 

 

420

 

 

 

—

 

 

 

1,308

 

 

 

2

 

 

 

—

 

 

 

2,846

 

Total allowance for loan and lease

   losses

 

$

6,660

 

 

$

1,970

 

 

$

536

 

 

$

15,630

 

 

$

63

 

 

$

2,247

 

 

$

27,106

 

 

March 31, 2019

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Loans and leases ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for

   impairment

 

$

17,354

 

 

$

2,060

 

 

$

—

 

 

$

24,384

 

 

$

—

 

 

$

—

 

 

$

43,798

 

Collectively evaluated for

   impairment

 

 

1,103,730

 

 

 

590,212

 

 

 

210,548

 

 

 

1,153,471

 

 

 

12,428

 

 

 

189,968

 

 

 

3,260,357

 

Loans acquired with deteriorated

   credit quality

 

 

141,199

 

 

 

106,764

 

 

 

3,111

 

 

 

11,963

 

 

 

374

 

 

 

—

 

 

 

263,411

 

Total loans and leases

 

$

1,262,283

 

 

$

699,036

 

 

$

213,659

 

 

$

1,189,818

 

 

$

12,802

 

 

$

189,968

 

 

$

3,567,566

 
Summary of Recorded Investment, Unpaid Principal Balance, and Related Allowance for Loans and Leases Considered Impaired

The following tables summarize the recorded investment, unpaid principal balance, and related allowance for loans and leases considered impaired as of March 31, 2020 and December 31, 2019, which exclude acquired impaired loans.  For purposes of these tables, the unpaid principal balance represents the outstanding contractual balance. Impaired loans include loans that are individually evaluated for impairment as well as troubled debt restructurings for all loan categories. The sum of non-accrual loans and loans past due 90 days still on accrual will differ from the total impaired loan amount.

 

March 31, 2020

 

Recorded

Investment

 

 

Unpaid

Principal

Balance

 

 

Related

Allowance

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

20,229

 

 

$

21,732

 

 

$

—

 

Construction, land development, and other land

 

 

2,577

 

 

 

2,952

 

 

 

—

 

Commercial and industrial

 

 

11,872

 

 

 

14,690

 

 

 

—

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

12,745

 

 

 

13,725

 

 

 

3,634

 

Residential real estate

 

 

1,960

 

 

 

2,041

 

 

 

92

 

Commercial and industrial

 

 

32,054

 

 

 

34,611

 

 

 

9,709

 

Total impaired loans

 

$

81,437

 

 

$

89,751

 

 

$

13,435

 

 

December 31, 2019

 

Recorded

Investment

 

 

Unpaid

Principal

Balance

 

 

Related

Allowance

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

16,556

 

 

$

19,808

 

 

$

—

 

Residential real estate

 

 

2,165

 

 

 

2,253

 

 

 

—

 

Construction, land development, and other land

 

 

2,644

 

 

 

3,000

 

 

 

—

 

Commercial and industrial

 

 

19,211

 

 

 

20,398

 

 

 

—

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

9,840

 

 

 

10,691

 

 

 

2,614

 

Residential real estate

 

 

233

 

 

 

233

 

 

 

124

 

Commercial and industrial

 

 

18,092

 

 

 

19,285

 

 

 

7,952

 

Total impaired loans

 

$

68,741

 

 

$

75,668

 

 

$

10,690

 
Summary of Average Recorded Investment and Interest Income Recognized for Loans and Leases Considered Impaired

The following tables summarize the average recorded investment and interest income recognized for loans and leases considered impaired, which excludes acquired impaired loans, for the three months ended:

 

March 31, 2020

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

$

18,728

 

 

$

277

 

Residential real estate

 

 

1,221

 

 

 

—

 

Construction, land development, and other land

 

 

2,836

 

 

 

20

 

Commercial and industrial

 

 

14,368

 

 

 

105

 

With an allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

 

13,177

 

 

 

136

 

Residential real estate

 

 

771

 

 

 

14

 

Commercial and industrial

 

 

24,668

 

 

 

441

 

Total impaired loans

 

$

75,769

 

 

$

993

 

 

March 31, 2019

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

$

7,345

 

 

$

119

 

Residential real estate

 

 

1,541

 

 

 

13

 

Commercial and industrial

 

 

11,381

 

 

 

126

 

With an allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

 

5,186

 

 

 

48

 

Residential real estate

 

 

226

 

 

 

2

 

Commercial and industrial

 

 

11,377

 

 

 

154

 

Total impaired loans

 

$

37,056

 

 

$

462

 
Summary of Risk Rating Categories of Loans and Leases Considered for Inclusion in Allowance for Loan and Lease Losses Calculation

The following tables summarize the risk rating categories of the loans and leases considered for inclusion in the allowance for loan and lease losses calculation, excluding acquired impaired loans, as of March 31, 2020 and December 31, 2019:

 

March 31, 2020

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Pass

 

$

1,005,620

 

 

$

571,637

 

 

$

255,821

 

 

$

1,157,119

 

 

$

5,190

 

 

$

169,709

 

 

$

3,165,096

 

Watch

 

 

103,099

 

 

 

22,410

 

 

 

9,939

 

 

 

154,482

 

 

 

291

 

 

 

5

 

 

 

290,226

 

Special Mention

 

 

24,928

 

 

 

3,619

 

 

 

4,148

 

 

 

42,089

 

 

 

—

 

 

 

1,793

 

 

 

76,577

 

Substandard

 

 

33,417

 

 

 

2,133

 

 

 

2,577

 

 

 

45,061

 

 

 

4

 

 

 

1,542

 

 

 

84,734

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

198

 

 

 

198

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,167,064

 

 

$

599,799

 

 

$

272,485

 

 

$

1,398,751

 

 

$

5,485

 

 

$

173,247

 

 

$

3,616,831

 

 

December 31, 2019

 

Commercial

Real Estate

 

 

Residential

Real Estate

 

 

Construction,

Land

Development,

and

Other Land

 

 

Commercial

and

Industrial

 

 

Installment

and Other

 

 

Lease

Financing

Receivables

 

 

Total

 

Pass

 

$

984,881

 

 

$

584,363

 

 

$

247,775

 

 

$

1,087,856

 

 

$

6,013

 

 

$

177,696

 

 

$

3,088,584

 

Watch

 

 

99,803

 

 

 

21,856

 

 

 

18,181

 

 

 

159,282

 

 

 

302

 

 

 

8

 

 

 

299,432

 

Special Mention

 

 

27,484

 

 

 

3,648

 

 

 

4,684

 

 

 

26,944

 

 

 

—

 

 

 

1,799

 

 

 

64,559

 

Substandard

 

 

28,460

 

 

 

1,732

 

 

 

2,644

 

 

 

40,574

 

 

 

1

 

 

 

728

 

 

 

74,139

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

279

 

 

 

279

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,140,628

 

 

$

611,599

 

 

$

273,284

 

 

$

1,314,656

 

 

$

6,316

 

 

$

180,510

 

 

$

3,526,993

 
Summary of Contractual Delinquency Information

The following tables summarize contractual delinquency information for acquired non-impaired and originated loans and leases by category at March 31, 2020 and December 31, 2019:

 

March 31, 2020

 

30-59

Days

Past Due

 

 

60-89

Days

Past Due

 

 

Greater than

90 Days and

Accruing

 

 

Non-

accrual

 

 

Total

Past Due

 

 

Current

 

 

Total

 

Commercial real estate

 

$

23,857

 

 

$

2,834

 

 

$

—

 

 

$

16,096

 

 

$

42,787

 

 

$

1,124,277

 

 

$

1,167,064

 

Residential real estate

 

 

4,925

 

 

 

121

 

 

 

—

 

 

 

1,783

 

 

 

6,829

 

 

 

592,970

 

 

 

599,799

 

Construction, land development, and

   other land

 

 

1,297

 

 

 

—

 

 

 

—

 

 

 

2,577

 

 

 

3,874

 

 

 

268,611

 

 

 

272,485

 

Commercial and industrial

 

 

23,401

 

 

 

310

 

 

 

—

 

 

 

27,256

 

 

 

50,967

 

 

 

1,347,784

 

 

 

1,398,751

 

Installment and other

 

 

279

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

283

 

 

 

5,202

 

 

 

5,485

 

Lease financing receivables

 

 

1,523

 

 

 

492

 

 

 

—

 

 

 

1,247

 

 

 

3,262

 

 

 

169,985

 

 

 

173,247

 

Total

 

$

55,282

 

 

$

3,757

 

 

$

—

 

 

$

48,963

 

 

$

108,002

 

 

$

3,508,829

 

 

$

3,616,831

 

 

December 31, 2019

 

30-59

Days

Past Due

 

 

60-89

Days

Past Due

 

 

Greater than

90 Days and

Accruing

 

 

Non-

accrual

 

 

Total

Past Due

 

 

Current

 

 

Total

 

Commercial real estate

 

$

14,269

 

 

$

5,153

 

 

$

—

 

 

$

12,274

 

 

$

31,696

 

 

$

1,108,932

 

 

$

1,140,628

 

Residential real estate

 

 

3,187

 

 

 

460

 

 

 

—

 

 

 

1,371

 

 

 

5,018

 

 

 

606,581

 

 

 

611,599

 

Construction, land development, and

   other land

 

 

—

 

 

 

4,460

 

 

 

—

 

 

 

—

 

 

 

4,460

 

 

 

268,824

 

 

 

273,284

 

Commercial and industrial

 

 

7,789

 

 

 

3,594

 

 

 

—

 

 

 

22,151

 

 

 

33,534

 

 

 

1,281,122

 

 

 

1,314,656

 

Installment and other

 

 

133

 

 

 

2

 

 

 

—

 

 

 

1

 

 

 

136

 

 

 

6,180

 

 

 

6,316

 

Lease financing receivables

 

 

585

 

 

 

532

 

 

 

—

 

 

 

475

 

 

 

1,592

 

 

 

178,918

 

 

 

180,510

 

Total

 

$

25,963

 

 

$

14,201

 

 

$

—

 

 

$

36,272

 

 

$

76,436

 

 

$

3,450,557

 

 

$

3,526,993

 
Summary of TDR's by Loan Category The tables below present TDRs by loan category as of March 31, 2020 and December 31, 2019:

 

March 31, 2020

 

Number

of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

 

Charge-offs

 

 

Specific

Reserves

 

Accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

5

 

 

$

1,418

 

 

$

1,418

 

 

$

—

 

 

$

94

 

Commercial and industrial

 

 

2

 

 

 

126

 

 

 

126

 

 

 

—

 

 

 

89

 

Residential real estate

 

 

2

 

 

 

181

 

 

 

181

 

 

 

—

 

 

 

—

 

Total accruing

 

 

9

 

 

 

1,725

 

 

 

1,725

 

 

 

—

 

 

 

183

 

Non-accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

7

 

 

 

4,232

 

 

 

4,055

 

 

 

177

 

 

 

1,064

 

Commercial and industrial

 

 

11

 

 

 

9,914

 

 

 

7,965

 

 

 

1,949

 

 

 

2,482

 

Residential real estate

 

 

1

 

 

 

97

 

 

 

97

 

 

 

—

 

 

 

—

 

Total non-accruing

 

 

19

 

 

 

14,243

 

 

 

12,117

 

 

 

2,126

 

 

 

3,546

 

Total troubled debt restructurings

 

 

28

 

 

$

15,968

 

 

$

13,842

 

 

$

2,126

 

 

$

3,729

 

 

December 31, 2019

 

Number

of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

 

Charge-offs

 

 

Specific

Reserves

 

Accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

5

 

 

$

1,451

 

 

$

1,451

 

 

$

—

 

 

$

223

 

Commercial and industrial

 

 

2

 

 

 

129

 

 

 

129

 

 

 

—

 

 

 

118

 

Residential real estate

 

 

2

 

 

 

191

 

 

 

191

 

 

 

—

 

 

 

—

 

Total accruing

 

 

9

 

 

 

1,771

 

 

 

1,771

 

 

 

—

 

 

 

341

 

Non-accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

6

 

 

 

2,777

 

 

 

2,600

 

 

 

177

 

 

 

513

 

Commercial and industrial

 

 

11

 

 

 

8,048

 

 

 

6,096

 

 

 

1,952

 

 

 

1,312

 

Residential real estate

 

 

1

 

 

 

104

 

 

 

104

 

 

 

—

 

 

 

—

 

Total non-accruing

 

 

18

 

 

 

10,929

 

 

 

8,800

 

 

 

2,129

 

 

 

1,825

 

Total troubled debt restructurings

 

 

27

 

 

$

12,700

 

 

$

10,571

 

 

$

2,129

 

 

$

2,166

 
Summary of Loans Modified as Troubled Debt Restructurings

Loans modified as troubled debt restructurings that occurred during the three months ended March 31, 2020 and 2019 were:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2020

 

 

2019

 

Accruing:

 

 

 

 

 

 

 

 

Beginning balance

 

$

1,771

 

 

$

1,813

 

Additions

 

 

—

 

 

 

113

 

Net payments

 

 

(46

)

 

 

(5

)

Net transfers from (to) non-accrual

 

 

—

 

 

 

—

 

Ending balance

 

 

1,725

 

 

 

1,921

 

Non-accruing:

 

 

 

 

 

 

 

 

Beginning balance

 

 

8,800

 

 

 

7,314

 

Additions

 

 

4,258

 

 

 

246

 

Net payments

 

 

(941

)

 

 

89

 

Charge-offs

 

 

—

 

 

 

(530

)

Net transfers from (to) accrual

 

 

—

 

 

 

—

 

Ending balance

 

 

12,117

 

 

 

7,119

 

Total troubled debt restructurings

 

$

13,842

 

 

$

9,040