XML 44 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Portfolio loans (Tables)
 6 Months Ended
Jun. 30, 2018
Portfolio loans  
Schedule of distribution of portfolio loans

 

The distribution of portfolio loans at June 30, 2018 and December 31, 2017 is as follows (dollars in thousands):

 

 

 

June 30,
2018

 

December 31,
2017

 

Commercial

 

$
1,446,061

 

$
1,414,631

 

Commercial real estate

 
2,355,225

 
2,354,684

 

Real estate construction

 
274,967

 
261,506

 

Retail real estate

 
1,449,476

 
1,460,801

 

Retail other

 
29,558

 
27,878

 

 

 

 

 

 

 

Portfolio loans

 

$
5,555,287

 

$
5,519,500

 

 

 

 

 

 

 

Less allowance for loan losses

 
53,305

 
53,582

 

 

 

 

 

 

 

Portfolio loans, net

 

$
5,501,982

 

$
5,465,918

 

 

 

 

 

 

 

 

 

 

Summary of risk grades segregated by category of portfolio loans (excluding accretable purchase accounting adjustments and clearings)

 

The following table is a summary of risk grades segregated by category of portfolio loans (excluding accretable purchase accounting adjustments and clearings) (dollars in thousands):

 

 

 

June 30, 2018

 

 

 

Pass

 

Watch

 

Special
Mention

 

Substandard

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
1,192,414

 

$
137,423

 

$
43,455

 

$
65,337

 

$
9,135

 

Commercial real estate

 
2,127,522

 
147,242

 
36,408

 
46,430

 
8,597

 

Real estate construction

 
252,778

 
15,644

 
3,846

 
3,257

 
23

 

Retail real estate

 
1,417,838

 
8,401

 
7,933

 
5,316

 
7,385

 

Retail other

 
29,787

 

—

 
7

 
27

 
75

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
5,020,339

 

$
308,710

 

$
91,649

 

$
120,367

 

$
25,215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Pass

 

Watch

 

Special
Mention

 

Substandard

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
1,175,421

 

$
141,776

 

$
51,366

 

$
43,933

 

$
5,285

 

Commercial real estate

 
2,169,420

 
130,056

 
21,151

 
36,482

 
11,997

 

Real estate construction

 
212,952

 
41,292

 
3,880

 
3,071

 
608

 

Retail real estate

 
1,436,156

 
6,883

 
5,162

 
4,135

 
6,714

 

Retail other

 
28,300

 
9

 

—

 
7

 
20

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
5,022,249

 

$
320,016

 

$
81,559

 

$
87,628

 

$
24,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of portfolio loans that are past due and still accruing or on a non-accrual status

 

A summary of portfolio loans that are past due and still accruing or on a non-accrual status is as follows (dollars in thousands):

 

 

 

June 30, 2018

 

 

 

Loans past due, still accruing

 

Non-accrual

 

 

 

30-59 Days

 

60-89 Days

 

90+Days

 

Loans

 

Commercial

 

$
122

 

$

—

 

$

—

 

$
9,135

 

Commercial real estate

 
1,504

 
349

 
750

 
8,597

 

Real estate construction

 
599

 
123

 

—

 
23

 

Retail real estate

 
6,093

 
1,177

 
390

 
7,385

 

Retail other

 
47

 
3

 
2

 
75

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
8,365

 

$
1,652

 

$
1,142

 

$
25,215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Loans past due, still accruing

 

Non-accrual 

 

 

 

30-59 Days

 

60-89 Days

 

90+Days

 

Loans

 

Commercial

 

$
1,615

 

$
323

 

$
1,808

 

$
5,285

 

Commercial real estate

 
1,856

 
2,737

 

—

 
11,997

 

Real estate construction

 

—

 

—

 

—

 
608

 

Retail real estate

 
4,840

 
1,355

 
933

 
6,714

 

Retail other

 
166

 
5

 

—

 
20

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
8,477

 

$
4,420

 

$
2,741

 

$
24,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of restructured loans

 

A summary of restructured loans is as follows (dollars in thousands):

 

 

 

June 30,
2018

 

December 31,
2017

 

 

 

 

 

 

 

In compliance with modified terms

 

$
9,096

 

$
9,873

 

30 — 89 days past due

 
22

 
108

 

Included in non-performing loans

 
1,734

 
1,919

 

 

 

 

 

 

 

Total

 

$
10,852

 

$
11,900

 

 

 

 

 

 

 

 

 

 

Schedule of details of impaired loans, segregated by category

 

The average recorded investment is calculated using the most recent four quarters (dollars in thousands).

 

 

 

June 30, 2018

 

 

 

Unpaid
Contractual
Principal
Balance

 

Recorded
Investment
with No
Allowance

 

Recorded
Investment
with
Allowance

 

Total
Recorded
Investment

 

Related
Allowance

 

Average
Recorded
Investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
11,787

 

$
6,932

 

$
2,343

 

$
9,275

 

$
1,272

 

$
9,386

 

Commercial real estate

 
16,614

 
12,029

 
3,494

 
15,523

 
1,246

 
17,423

 

Real estate construction

 
440

 
415

 

—

 
415

 

—

 
836

 

Retail real estate

 
17,029

 
14,171

 
25

 
14,196

 
25

 
14,244

 

Retail other

 
162

 
78

 

—

 
78

 

—

 
46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
46,032

 

$
33,625

 

$
5,862

 

$
39,487

 

$
2,543

 

$
41,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Unpaid
Contractual
Principal
Balance

 

Recorded
Investment
with No
Allowance

 

Recorded
Investment
with
Allowance

 

Total
Recorded
Investment

 

Related
Allowance

 

Average
Recorded
Investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
10,604

 

$
7,192

 

$
191

 

$
7,383

 

$
138

 

$
10,184

 

Commercial real estate

 
22,218

 
16,472

 
1,964

 
18,436

 
704

 
15,195

 

Real estate construction

 
1,040

 
1,016

 

—

 
1,016

 

—

 
692

 

Retail real estate

 
18,517

 
14,957

 
25

 
14,982

 
25

 
13,009

 

Retail other

 
40

 
20

 

—

 
20

 

—

 
44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
52,419

 

$
39,657

 

$
2,180

 

$
41,837

 

$
867

 

$
39,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of activity on the allowance for loan losses

 

Allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories (dollars in thousands):

 

 

 

As of and for the Three Months Ended June 30, 2018

 

 

 

Commercial

 

Commercial 
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Beginning balance

 

$
17,577

 

$
22,090

 

$
2,799

 

$
9,836

 

$
347

 

$
52,649

 

Provision for loan loss

 
1,720

 
909

 
35

 
(548

)
142

 
2,258

 

Charged-off

 
(1,916

)
(110

)

—

 
(412

)
(115

)
(2,553

)

Recoveries

 
205

 
158

 
81

 
417

 
90

 
951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

$
17,586

 

$
23,047

 

$
2,915

 

$
9,293

 

$
464

 

$
53,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Six Months Ended June 30, 2018

 

 

 

Commercial

 

Commercial
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Beginning balance

 

$
14,779

 

$
21,813

 

$
2,861

 

$
13,783

 

$
346

 

$
53,582

 

Provision for loan loss

 
4,723

 
2,445

 
37

 
(4,210

)
271

 
3,266

 

Charged-off

 
(2,697

)
(1,425

)
(97

)
(942

)
(322

)
(5,483

)

Recoveries

 
781

 
214

 
114

 
662

 
169

 
1,940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

$
17,586

 

$
23,047

 

$
2,915

 

$
9,293

 

$
464

 

$
53,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Three Months Ended June 30, 2017

 

 

 

Commercial

 

Commercial
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Beginning balance

 

$
13,260

 

$
19,848

 

$
2,021

 

$
12,978

 

$
335

 

$
48,442

 

Provision for loan losses

 
(1,572

)
1,279

 
(197

)
1,020

 
(30

)
500

 

Charged-off

 
(78

)
(1,101

)
(48

)
(641

)
(93

)
(1,961

)

Recoveries

 
1,318

 
98

 
385

 
324

 
95

 
2,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
12,928

 

$
20,124

 

$
2,161

 

$
13,681

 

$
307

 

$
49,201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Six Months Ended June 30, 2017

 

 

 

Commercial

 

Commercial
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Beginning balance

 

$
13,303

 

$
20,623

 

$
1,870

 

$
11,648

 

$
351

 

$
47,795

 

Provision for loan losses

 
(2,221

)
1,059

 
(63

)
2,240

 
(15

)
1,000

 

Charged-off

 
(181

)
(1,689

)
(48

)
(1,092

)
(183

)
(3,193

)

Recoveries

 
2,027

 
131

 
402

 
885

 
154

 
3,599

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
12,928

 

$
20,124

 

$
2,161

 

$
13,681

 

$
307

 

$
49,201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of allowance for loan losses and recorded investments in portfolio loans, by category

 

The following table presents the allowance for loan losses and recorded investments in portfolio loans by category (dollars in thousands):

 

 

 

As of June 30, 2018

 

 

 

Commercial

 

Commercial
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Amount allocated to:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$
1,272

 

$
1,246

 

$

—

 

$
25

 

$

—

 

$
2,543

 

Loans collectively evaluated for impairment

 
16,314

 
21,801

 
2,915

 
9,268

 
464

 
50,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
17,586

 

$
23,047

 

$
2,915

 

$
9,293

 

$
464

 

$
53,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$
8,846

 

$
13,173

 

$
415

 

$
12,926

 

$
78

 

$
35,438

 

Loans collectively evaluated for impairment

 
1,436,786

 
2,339,702

 
274,552

 
1,435,280

 
29,480

 
5,515,800

 

PCI loans evaluated for impairment

 
429

 
2,350

 

—

 
1,270

 

—

 
4,049

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
1,446,061

 

$
2,355,225

 

$
274,967

 

$
1,449,476

 

$
29,558

 

$
5,555,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

 

 

Commercial

 

Commercial 
Real Estate

 

Real Estate
Construction

 

Retail Real
Estate

 

Retail Other

 

Total

 

Amount allocated to:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$
138

 

$
704

 

$

—

 

$
25

 

$

—

 

$
867

 

Loans collectively evaluated for impairment

 
14,641

 
21,109

 
2,861

 
13,758

 
346

 
52,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
14,779

 

$
21,813

 

$
2,861

 

$
13,783

 

$
346

 

$
53,582

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$
6,572

 

$
11,491

 

$
435

 

$
12,673

 

$
20

 

$
31,191

 

Loans collectively evaluated for impairment

 
1,407,248

 
2,336,248

 
260,490

 
1,445,819

 
27,858

 
5,477,663

 

PCI loans evaluated for impairment

 
811

 
6,945

 
581

 
2,309

 

—

 
10,646

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
1,414,631

 

$
2,354,684

 

$
261,506

 

$
1,460,801

 

$
27,878

 

$
5,519,500