Allowance for Loan and Lease Losses and Reserve for Unfunded Commitments (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2020 and 2019 are as follows:

September 30, 2020	Commercial Real Estate			Residential Real Estate			Construction, Land Development, and Other Land			Commercial and Industrial			Paycheck Protection Program		Installment and Other			Lease Financing Receivables			Total
Allowance for loan and lease losses
Three months ended
Beginning balance	$	14,110		$	3,741		$	1,491		$	30,108		$	—	$	36		$	1,814		$	51,300
Provisions		6,421			291			1,029			7,603			—		1			395			15,740
Charge-offs		(1,566	)		(250	)		(701	)		(3,254	)		—		—			(374	)		(6,145	)
Recoveries		19			8			53			83			—		—			200			363
Ending balance	$	18,984		$	3,790		$	1,872		$	34,540		$	—	$	37		$	2,035		$	61,258
Nine months ended
Beginning balance	$	7,965		$	1,990		$	610		$	19,377		$	—	$	50		$	1,944		$	31,936
Provisions		14,149			2,031			1,910			26,844			—		(13	)		792			45,713
Charge-offs		(3,206	)		(259	)		(701	)		(12,057	)		—		—			(1,392	)		(17,615	)
Recoveries		76			28			53			376			—		—			691			1,224
Ending balance	$	18,984		$	3,790		$	1,872		$	34,540		$	—	$	37		$	2,035		$	61,258
Ending balance:
Individually evaluated for    impairment	$	4,516		$	77		$	—		$	10,189		$	—	$	—		$	—		$	14,782
Collectively evaluated for    impairment		11,825			3,413			1,685			22,450			—		37			2,035			41,445
Loans acquired with deteriorated credit quality		2,643			300			187			1,901			—		—			—			5,031
Total allowance for loan and lease losses	$	18,984		$	3,790		$	1,872		$	34,540		$	—	$	37		$	2,035		$	61,258

September 30, 2020	Commercial Real Estate		Residential Real Estate		Construction, Land Development, and Other Land		Commercial and Industrial		Paycheck Protection Program		Installment and Other		Lease Financing Receivables		Total
Loans and leases ending balance:
Individually evaluated for    impairment	$	39,001	$	1,636	$	—	$	37,253	$	—	$	—	$	—	$	77,890
Collectively evaluated for    impairment		1,191,740		547,563		234,230		1,281,067		622,191		2,929		200,089		4,079,809
Loans acquired with deteriorated credit quality		117,114		84,197		4,804		10,489		—		214		—		216,818
Total loans and leases	$	1,347,855	$	633,396	$	239,034	$	1,328,809	$	622,191	$	3,143	$	200,089	$	4,374,517

September 30, 2019	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
Beginning balance	$	8,934		$	2,171		$	691	$	17,126		$	67		$	2,143		$	31,132
Provisions		1,075			74			125		4,198			(12	)		471			5,931
Charge-offs		(1,459	)		—			—		(3,561	)		(1	)		(665	)		(5,686	)
Recoveries		3			6			—		20			1			178			208
Ending balance	$	8,553		$	2,251		$	816	$	17,783		$	55		$	2,127		$	31,585
Nine months ended
Beginning balance	$	7,540		$	1,751		$	466	$	12,932		$	49		$	2,463		$	25,201
Provisions		4,212			230			350		10,550			10			969			16,321
Charge-offs		(3,628	)		(9	)		—		(5,740	)		(5	)		(1,932	)		(11,314	)
Recoveries		429			279			—		41			1			627			1,377
Ending balance	$	8,553		$	2,251		$	816	$	17,783		$	55		$	2,127		$	31,585
Ending balance:
Individually evaluated for    impairment	$	2,728		$	39		$	—	$	6,795		$	—		$	—		$	9,562
Collectively evaluated for    impairment		4,458			1,612			802		10,169			53			2,127			19,221
Loans acquired with deteriorated    credit quality		1,367			600			14		819			2			—			2,802
Total allowance for loan and lease    losses	$	8,553		$	2,251		$	816	$	17,783		$	55		$	2,127		$	31,585

September 30, 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	$	24,071	$	2,374	$	—	$	26,731	$	—	$	—	$	53,176
Collectively evaluated for    impairment		1,139,782		637,320		276,437		1,257,082		9,087		183,184		3,502,892
Loans acquired with deteriorated    credit quality		142,435		109,409		4,562		18,349		267		—		275,022
Total loans and leases	$	1,306,288	$	749,103	$	280,999	$	1,302,162	$	9,354	$	183,184	$	3,831,090

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 September 30, 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.

September 30, 2020	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded
Commercial real estate	$	26,129	$	27,378	$	—
Residential real estate		1,364		1,451		—
Commercial and industrial		19,010		20,698		—
With an allowance recorded
Commercial real estate		12,872		14,624		4,516
Residential real estate		272		274		77
Commercial and industrial		18,243		19,738		10,189
Total impaired loans	$	77,890	$	84,163	$	14,782

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 nine months ended:

September 30, 2020	Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Commercial real estate	$	22,511	$	927
Residential real estate		1,615		26
Construction, land development, and other land		2,984		220
Commercial and industrial		16,991		493
With an allowance recorded
Commercial real estate		13,329		526
Residential real estate		460		21
Commercial and industrial		21,352		1,078
Total impaired loans	$	79,242	$	3,291

September 30, 2019	Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Commercial real estate	$	9,379	$	761
Residential real estate		1,914		60
Commercial and industrial		11,889		482
With an allowance recorded
Commercial real estate		8,238		479
Residential real estate		207		7
Commercial and industrial		13,543		668
Total impaired loans	$	45,170	$	2,457

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 September 30, 2020 and December 31, 2019:

September 30, 2020	Commercial Real Estate		Residential Real Estate		Construction, Land Development, and Other Land		Commercial and Industrial		Paycheck Protection Program		Installment and Other		Lease Financing Receivables		Total
Pass	$	987,053	$	516,858	$	203,630	$	981,626	$	622,191	$	2,664	$	195,623	$	3,509,645
Watch		165,769		26,674		29,171		251,750		—		264		50		473,678
Special Mention		36,614		3,583		1,429		51,891		—		—		2,475		95,992
Substandard		41,305		2,084		—		33,053		—		1		1,464		77,907
Doubtful		—		—		—		—		—		—		477		477
Loss		—		—		—		—		—		—		—		—
Total	$	1,230,741	$	549,199	$	234,230	$	1,318,320	$	622,191	$	2,929	$	200,089	$	4,157,699

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 September 30, 2020 and December 31, 2019:

September 30, 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	$	282	$	458	$	—	$	21,067	$	21,807	$	1,208,934	$	1,230,741
Residential real estate		1,038		974		—		1,843		3,855		545,344		549,199
Construction, land development, and    other land		2,035		—		—		—		2,035		232,195		234,230
Commercial and industrial		3,417		106		—		19,048		22,571		1,295,749		1,318,320
Paycheck Protection Program		—		—		—		—		—		622,191		622,191
Installment and other		7		—		—		1		8		2,921		2,929
Lease financing receivables		893		776		—		1,237		2,906		197,183		200,089
Total	$	7,672	$	2,314	$	—	$	43,196	$	53,182	$	4,104,517	$	4,157,699

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 September 30, 2020 and December 31, 2019:

September 30, 2020	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserves
Accruing:
Commercial real estate		7	$	2,013	$	2,013	$	—	$	104
Commercial and industrial		2		119		119		—		120
Residential real estate		2		161		161		—		—
Total accruing		11		2,293		2,293		—		224
Non-accruing:
Commercial real estate		6		2,441		2,075		366		427
Commercial and industrial		12		4,991		4,136		855		3,003
Residential real estate		1		84		84		—		—
Total non-accruing		19		7,516		6,295		1,221		3,430
Total troubled debt restructurings		30	$	9,809	$	8,588	$	1,221	$	3,654

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 and nine months ended September 30, 2020 and 2019 were:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Accruing:
Beginning balance	$	3,151		$	1,529		$	1,771		$	1,813
Additions		604			—			604			113
Net payments		(1,462	)		(242	)		(1,538	)		(291	)
Net transfers from non-accrual		—			917			1,456			569
Ending balance		2,293			2,204			2,293			2,204
Non-accruing:
Beginning balance		7,449			7,834			8,800			7,314
Additions		—			2,893			5,633			4,321
Net payments		(302	)		(540	)		(1,688	)		(1,266	)
Charge-offs		(852	)		(62	)		(4,994	)		(592	)
Net transfers to accrual		—			(917	)		(1,456	)		(569	)
Ending balance		6,295			9,208			6,295			9,208
Total troubled debt restructurings	$	8,588		$	11,412		$	8,588		$	11,412