XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Allowance for Loan and Lease Losses and Reserve for Unfunded Commitments (Tables)
 3 Months Ended
Mar. 31, 2021
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, 2021 and 2020 are as follows:

 

March 31, 2021

 

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

 

$

19,584

 

 

$

2,400

 

 

$

1,352

 

 

$

41,183

 

 

$

—

 

 

$

15

 

 

$

1,813

 

 

$

66,347

 

Provisions (release)

 

 

2,606

 

 

 

(302

)

 

 

(241

)

 

 

1,947

 

 

 

—

 

 

 

(3

)

 

 

360

 

 

 

4,367

 

Charge-offs

 

 

(1,877

)

 

 

(11

)

 

 

(326

)

 

 

(2,888

)

 

 

—

 

 

 

—

 

 

 

(364

)

 

 

(5,466

)

Recoveries

 

 

185

 

 

 

4

 

 

 

—

 

 

 

60

 

 

 

—

 

 

 

—

 

 

 

93

 

 

 

342

 

Ending balance

 

$

20,498

 

 

$

2,091

 

 

$

785

 

 

$

40,302

 

 

$

—

 

 

$

12

 

 

$

1,902

 

 

$

65,590

 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

7,409

 

 

$

101

 

 

$

—

 

 

$

18,824

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

26,334

 

Collectively evaluated for impairment

 

 

10,881

 

 

 

1,460

 

 

 

780

 

 

 

20,066

 

 

 

—

 

 

 

12

 

 

 

1,902

 

 

 

35,101

 

Loans acquired with deteriorated credit quality

 

 

2,208

 

 

 

530

 

 

 

5

 

 

 

1,412

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,155

 

Total allowance for loan and lease losses

 

$

20,498

 

 

$

2,091

 

 

$

785

 

 

$

40,302

 

 

$

—

 

 

$

12

 

 

$

1,902

 

 

$

65,590

 

 

 

March 31, 2021

 

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

 

$

54,421

 

 

$

1,709

 

 

$

—

 

 

$

43,306

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

99,436

 

Collectively evaluated for  impairment

 

 

1,281,188

 

 

 

469,287

 

 

 

238,332

 

 

 

1,312,248

 

 

 

617,006

 

 

 

1,425

 

 

 

254,331

 

 

 

4,173,817

 

Loans acquired with deteriorated credit quality

 

 

96,059

 

 

 

74,283

 

 

 

1,992

 

 

 

8,842

 

 

 

—

 

 

 

191

 

 

 

—

 

 

 

181,367

 

Total loans and leases

 

$

1,431,668

 

 

$

545,279

 

 

$

240,324

 

 

$

1,364,396

 

 

$

617,006

 

 

$

1,616

 

 

$

254,331

 

 

$

4,454,620

 

 

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

 

Allowance for loan and lease losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 
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, 2021 and December 31, 2020, 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, 2021

 

Recorded

Investment

 

 

Unpaid

Principal

Balance

 

 

Related

Allowance

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

28,685

 

 

$

30,853

 

 

$

—

 

Residential real estate

 

 

1,496

 

 

 

1,609

 

 

 

—

 

Commercial and industrial

 

 

13,585

 

 

 

16,218

 

 

 

—

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

25,736

 

 

 

27,275

 

 

 

7,409

 

Residential real estate

 

 

213

 

 

 

215

 

 

 

101

 

Commercial and industrial

 

 

29,721

 

 

 

32,389

 

 

 

18,824

 

Total impaired loans

 

$

99,436

 

 

$

108,559

 

 

$

26,334

 

 

December 31, 2020

 

Recorded

Investment

 

 

Unpaid

Principal

Balance

 

 

Related

Allowance

 

With no related allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

32,473

 

 

$

34,792

 

 

$

—

 

Residential real estate

 

 

1,558

 

 

 

1,644

 

 

 

—

 

Commercial and industrial

 

 

17,944

 

 

 

19,917

 

 

 

—

 

With an allowance recorded

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

13,696

 

 

 

14,919

 

 

 

5,034

 

Residential real estate

 

 

272

 

 

 

274

 

 

 

78

 

Commercial and industrial

 

 

29,412

 

 

 

32,018

 

 

 

18,848

 

Total impaired loans

 

$

95,355

 

 

$

103,564

 

 

$

23,960

 
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, 2021

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

$

34,961

 

 

$

311

 

Residential real estate

 

 

3,080

 

 

 

18

 

Commercial and industrial

 

 

16,568

 

 

 

129

 

With an allowance recorded

 

 

 

 

 

 

 

 

Commercial real estate

 

 

22,178

 

 

 

161

 

Residential real estate

 

 

298

 

 

 

2

 

Commercial and industrial

 

 

31,089

 

 

 

273

 

Total impaired loans

 

$

108,174

 

 

$

894

 

 

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

 
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, 2021 and December 31, 2020:

 

March 31, 2021

 

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

 

$

1,088,465

 

 

$

444,196

 

 

$

192,326

 

 

$

1,074,221

 

 

$

617,006

 

 

$

1,333

 

 

$

250,166

 

 

$

3,667,713

 

Watch

 

 

142,956

 

 

 

22,937

 

 

 

46,006

 

 

 

195,166

 

 

 

—

 

 

 

92

 

 

 

45

 

 

 

407,202

 

Special Mention

 

 

49,714

 

 

 

1,702

 

 

 

—

 

 

 

41,025

 

 

 

—

 

 

 

—

 

 

 

2,370

 

 

 

94,811

 

Substandard

 

 

54,474

 

 

 

2,161

 

 

 

—

 

 

 

45,142

 

 

 

—

 

 

 

—

 

 

 

1,282

 

 

 

103,059

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

468

 

 

 

468

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,335,609

 

 

$

470,996

 

 

$

238,332

 

 

$

1,355,554

 

 

$

617,006

 

 

$

1,425

 

 

$

254,331

 

 

$

4,273,253

 

 

 

December 31, 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

 

$

1,064,623

 

 

$

463,103

 

 

$

180,458

 

 

$

1,027,399

 

 

$

517,815

 

 

$

1,706

 

 

$

222,818

 

 

$

3,477,922

 

Watch

 

 

134,381

 

 

 

22,086

 

 

 

46,162

 

 

 

225,930

 

 

 

—

 

 

 

96

 

 

 

47

 

 

 

428,702

 

Special Mention

 

 

60,022

 

 

 

3,795

 

 

 

—

 

 

 

56,784

 

 

 

—

 

 

 

—

 

 

 

2,721

 

 

 

123,322

 

Substandard

 

 

54,160

 

 

 

4,447

 

 

 

—

 

 

 

48,609

 

 

 

—

 

 

 

1

 

 

 

955

 

 

 

108,172

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

600

 

 

 

600

 

Loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,313,186

 

 

$

493,431

 

 

$

226,620

 

 

$

1,358,722

 

 

$

517,815

 

 

$

1,803

 

 

$

227,141

 

 

$

4,138,718

 
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, 2021 and December 31, 2020:

 

March 31, 2021

 

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

 

$

17,629

 

 

$

—

 

 

$

—

 

 

$

16,198

 

 

$

33,827

 

 

$

1,301,782

 

 

$

1,335,609

 

Residential real estate

 

 

1,310

 

 

 

1,000

 

 

 

—

 

 

 

2,078

 

 

 

4,388

 

 

 

466,608

 

 

 

470,996

 

Construction, land development, and

   other land

 

 

1,760

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,760

 

 

 

236,572

 

 

 

238,332

 

Commercial and industrial

 

 

3,076

 

 

 

588

 

 

 

—

 

 

 

17,565

 

 

 

21,229

 

 

 

1,334,325

 

 

 

1,355,554

 

Paycheck Protection Program

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

617,006

 

 

 

617,006

 

Installment and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,425

 

 

 

1,425

 

Lease financing receivables

 

 

1,859

 

 

 

521

 

 

 

—

 

 

 

1,243

 

 

 

3,623

 

 

 

250,708

 

 

 

254,331

 

Total

 

$

25,634

 

 

$

2,109

 

 

$

—

 

 

$

37,084

 

 

$

64,827

 

 

$

4,208,426

 

 

$

4,273,253

 

 

December 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

 

$

1,544

 

 

$

4,194

 

 

$

—

 

 

$

15,969

 

 

$

21,707

 

 

$

1,291,479

 

 

$

1,313,186

 

Residential real estate

 

 

1,686

 

 

 

—

 

 

 

—

 

 

 

1,929

 

 

 

3,615

 

 

 

489,816

 

 

 

493,431

 

Construction, land development, and

   other land

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

226,620

 

 

 

226,620

 

Commercial and industrial

 

 

4,521

 

 

 

1,290

 

 

 

—

 

 

 

21,936

 

 

 

27,747

 

 

 

1,330,975

 

 

 

1,358,722

 

Paycheck Protection Program

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

517,815

 

 

 

517,815

 

Installment and other

 

 

6

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

7

 

 

 

1,796

 

 

 

1,803

 

Lease financing receivables

 

 

996

 

 

 

376

 

 

 

—

 

 

 

1,268

 

 

 

2,640

 

 

 

224,501

 

 

 

227,141

 

Total

 

$

8,753

 

 

$

5,860

 

 

$

—

 

 

$

41,103

 

 

$

55,716

 

 

$

4,083,002

 

 

$

4,138,718

 
Summary of TDR's by Loan Category The tables below present TDRs by loan category as of March 31, 2021 and December 31, 2020:

 

March 31, 2021

 

Number

of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

 

Charge-offs

 

 

Specific

Reserves

 

Accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

9

 

 

$

2,425

 

 

$

2,425

 

 

$

—

 

 

$

205

 

Commercial and industrial

 

 

1

 

 

 

74

 

 

 

74

 

 

 

—

 

 

 

74

 

Residential real estate

 

 

3

 

 

 

220

 

 

 

220

 

 

 

—

 

 

 

—

 

Total accruing

 

 

13

 

 

 

2,719

 

 

 

2,719

 

 

 

—

 

 

 

279

 

Non-accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

5

 

 

 

2,274

 

 

 

1,911

 

 

 

363

 

 

 

414

 

Commercial and industrial

 

 

10

 

 

 

3,837

 

 

 

3,674

 

 

 

163

 

 

 

1,750

 

Total non-accruing

 

 

15

 

 

 

6,111

 

 

 

5,585

 

 

 

526

 

 

 

2,164

 

Total troubled debt restructurings

 

 

28

 

 

$

8,830

 

 

$

8,304

 

 

$

526

 

 

$

2,443

 

 

December 31, 2020

 

Number

of

Loans

 

 

Pre-Modification

Outstanding

Recorded

Investment

 

 

Post-Modification

Outstanding

Recorded

Investment

 

 

Charge-offs

 

 

Specific

Reserves

 

Accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

8

 

 

$

2,187

 

 

$

2,187

 

 

$

—

 

 

$

104

 

Commercial and industrial

 

 

1

 

 

 

78

 

 

 

78

 

 

 

—

 

 

 

78

 

Residential real estate

 

 

3

 

 

 

230

 

 

 

230

 

 

 

—

 

 

 

—

 

Total accruing

 

 

12

 

 

 

2,495

 

 

 

2,495

 

 

 

—

 

 

 

182

 

Non-accruing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

4

 

 

 

1,609

 

 

 

1,362

 

 

 

247

 

 

 

102

 

Commercial and industrial

 

 

14

 

 

 

4,420

 

 

 

4,288

 

 

 

132

 

 

 

3,157

 

Total non-accruing

 

 

18

 

 

 

6,029

 

 

 

5,650

 

 

 

379

 

 

 

3,259

 

Total troubled debt restructurings

 

 

30

 

 

$

8,524

 

 

$

8,145

 

 

$

379

 

 

$

3,441

 
Summary of Loans Modified as Troubled Debt Restructurings

Loans modified as troubled debt restructurings that occurred during the three months ended March 31, 2021 and 2020 were:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2021

 

 

2020

 

Accruing:

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,495

 

 

$

1,771

 

Additions

 

 

281

 

 

 

—

 

Net payments

 

 

(57

)

 

 

(46

)

Net transfers from non-accrual

 

 

—

 

 

 

—

 

Ending balance

 

 

2,719

 

 

 

1,725

 

Non-accruing:

 

 

 

 

 

 

 

 

Beginning balance

 

 

5,650

 

 

 

8,800

 

Additions

 

 

673

 

 

 

4,258

 

Net payments

 

 

(343

)

 

 

(941

)

Charge-offs

 

 

(395

)

 

 

—

 

Net transfers to accrual

 

 

—

 

 

 

—

 

Ending balance

 

 

5,585

 

 

 

12,117

 

Total troubled debt restructurings

 

$

8,304

 

 

$

13,842