Allowance for Probable Loan Losses (Tables)

9 Months Ended

Sep. 30, 2019

Allowance for Probable Loan Losses

Loans individually or collectively evaluated for their impairment and related allowance, by loan class

	Three Months Ended September 30, 2019
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at June 30,	$	11,780	$	15,273	$	17,029	$	1,849	$	3,627	$	7,312	$	488	$	845	$	58,203
Losses charged to allowance		(3,231)		—		(468)		—		(164)		(214)		(216)		—		(4,293)
Recoveries credited to allowance		585		4		10		—		3		65		5		—		672
Net (losses) recoveries charged to allowance		(2,646)		4		(458)		—		(161)		(149)		(211)		—		(3,621)
Provision charged to operations		1,837		1,573		230		350		263		852		199		(26)		5,278
Balance at September 30,	$	10,971	$	16,850	$	16,801	$	2,199	$	3,729	$	8,015	$	476	$	819	$	59,860

	Three Months Ended September 30, 2018
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at June 30,	$	16,596	$	14,703	$	18,296	$	1,574	$	3,591	$	6,793	$	450	$	850	$	62,853
Losses charged to allowance		(6,798)		—		—		—		(74)		(133)		(80)		(3)		(7,088)
Recoveries credited to allowance		489		4		19		—		23		53		12		9		609
Net (losses) recoveries charged to allowance		(6,309)		4		19		—		(51)		(80)		(68)		6		(6,479)
Provision charged to operations		3,039		397		1,050		(138)		(354)		194		57		35		4,280
Balance at September 30,	$	13,326	$	15,104	$	19,365	$	1,436	$	3,186	$	6,907	$	439	$	891	$	60,654

	Nine Months Ended September 30, 2019
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at December 31,	$	12,596	$	15,123	$	19,353	$	1,808	$	3,467	$	7,719	$	447	$	871	$	61,384
Losses charged to allowance		(11,011)		—		(7,347)		—		(166)		(314)		(334)		—		(19,172)
Recoveries credited to allowance		1,631		80		308		—		14		222		30		—		2,285
Net (losses) recoveries charged to allowance		(9,380)		80		(7,039)		—		(152)		(92)		(304)		—		(16,887)
Provision charged to operations		7,755		1,647		4,487		391		414		388		333		(52)		15,363
Balance at September 30,	$	10,971	$	16,850	$	16,801	$	2,199	$	3,729	$	8,015	$	476	$	819	$	59,860

	Nine Months Ended September 30, 2018
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at December 31,	$	27,905	$	11,675	$	16,663	$	1,109	$	2,950	$	6,103	$	440	$	842	$	67,687
Losses charged to allowance		(11,798)		(1)		(70)		—		(118)		(172)		(262)		(3)		(12,424)
Recoveries credited to allowance		1,520		8		229		—		25		348		39		10		2,179
Net (losses) recoveries charged to allowance		(10,278)		7		159		—		(93)		176		(223)		7		(10,245)
Provision charged to operations		(4,301)		3,422		2,543		327		329		628		222		42		3,212
Balance at September 30,	$	13,326	$	15,104	$	19,365	$	1,436	$	3,186	$	6,907	$	439	$	891	$	60,654

	September 30, 2019
	Loans Individually				Loans Collectively
	Evaluated For				Evaluated For
	Impairment				Impairment
	Recorded				Recorded
	Investment		Allowance		Investment		Allowance
	(Dollars in Thousands)
Domestic
Commercial	$	7,412	$	395	$	1,288,324	$	10,576
Commercial real estate: other construction & land development		1,794		116		2,042,616		16,734
Commercial real estate: farmland & commercial		1,740		—		1,965,371		16,801
Commercial real estate: multifamily		649		—		241,440		2,199
Residential: first lien		6,286		—		432,186		3,729
Residential: junior lien		704		—		712,588		8,015
Consumer		1,131		—		45,941		476
Foreign		273		—		146,687		819
Total	$	19,989	$	511	$	6,875,153	$	59,349

	December 31, 2018
	Loans Individually				Loans Collectively
	Evaluated For				Evaluated For
	Impairment				Impairment
	Recorded				Recorded
	Investment		Allowance		Investment		Allowance
	(Dollars in Thousands)
Domestic
Commercial	$	9,179	$	656	$	1,119,790	$	11,940
Commercial real estate: other construction & land development		2,092		116		1,884,139		15,007
Commercial real estate: farmland & commercial		3,509		—		1,946,389		19,353
Commercial real estate: multifamily		507		—		225,750		1,808
Residential: first lien		6,244		—		439,556		3,467
Residential: junior lien		901		—		726,400		7,719
Consumer		1,175		—		45,141		447
Foreign		293		—		150,224		871
Total	$	23,900	$	772	$	6,537,389	$	60,612

Loans accounted on non-accrual basis, by loan class

	September 30, 2019		December 31, 2018
	(Dollars in Thousands)
Domestic
Commercial	$	7,379	$	9,143
Commercial real estate: other construction & land development		1,794		2,092
Commercial real estate: farmland & commercial		1,740		3,509
Commercial real estate: multifamily		649		507
Residential: first lien		583		347
Residential: junior lien		—		171
Consumer		5		22
Total non-accrual loans	$	12,150	$	15,791

Impaired loans, by loan class

	September 30, 2019
							Quarter to Date				Year to Date
			Unpaid				Average				Average
	Recorded		Principal		Related		Recorded		Interest		Recorded		Interest
	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
	(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial	$	598	$	621	$	395	$	602	$	—	$	616	$	—
Commercial real estate: other construction & land development		128		169		116		129		—		132		—
Total impaired loans with related allowance	$	726	$	790	$	511	$	731	$	—	$	748	$	—

	September 30, 2019
					Quarter to Date				Year to Date
			Unpaid		Average				Average
	Recorded		Principal		Recorded		Interest		Recorded		Interest
	Investment		Balance		Investment		Recognized		Investment		Recognized
	(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial	$	6,814	$	6,963	$	8,002	$	1	$	17,945	$	2
Commercial real estate: other construction & land development		1,666		1,953		1,674		—		1,767		—
Commercial real estate: farmland & commercial		1,740		2,368		3,222		—		22,389		—
Commercial real estate: multifamily		649		684		653		—		656		—
Residential: first lien		6,286		6,400		6,427		78		6,698		231
Residential: junior lien		704		708		914		10		1,028		32
Consumer		1,131		1,131		1,131		—		1,088		—
Foreign		273		273		274		3		281		9
Total impaired loans with no related allowance	$	19,263	$	20,480	$	22,297	$	92	$	51,852	$	274

	December 31, 2018
			Unpaid				Average
	Recorded		Principal		Related		Recorded		Interest
	Investment		Balance		Allowance		Investment		Recognized
	(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial	$	1,563	$	2,161	$	656	$	1,741	$	—
Commercial real estate: other construction & land development		135		169		116		141		—
Total impaired loans with related allowance	$	1,698	$	2,330	$	772	$	1,882	$	—

	December 31, 2018
			Unpaid		Average
	Recorded		Principal		Recorded		Interest
	Investment		Balance		Investment		Recognized
	(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial	$	7,616	$	7,730	$	16,194	$	3
Commercial real estate: other construction & land development		1,957		2,205		2,151		—
Commercial real estate: farmland & commercial		3,509		4,031		36,632		—
Commercial real estate: multifamily		507		538		565		—
Residential: first lien		6,244		6,386		7,136		305
Residential: junior lien		901		911		976		44
Consumer		1,175		1,190		1,211		2
Foreign		293		293		327		14
Total impaired loans with no related allowance	$	22,202	$	23,284	$	65,192	$	368

The following table details key information regarding our impaired loans by loan class at September 30, 2018:

	September 30, 2018
	Quarter to Date					Year to Date
	Average				Average
	Recorded		Interest		Recorded		Interest
	Investment		Recognized		Investment		Recognized
	(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial	$	1,620	$	—	$	1,794	$	—
Commercial real estate: other construction & land development		139		—		142		—
Total impaired loans with related allowance	$	1,759	$	—	$	1,936	$	—

	September 30, 2018
	Quarter to Date				Year to Date
	Average				Average
	Recorded		Interest		Recorded		Interest
	Investment		Recognized		Investment		Recognized
	(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial	$	15,758	$	—	$	16,464	$	2
Commercial real estate: other construction & land development		1,994		—		2,203		—
Commercial real estate: farmland & commercial		5,986		—		36,633		—
Commercial real estate: multifamily		590		—		575		—
Residential: first lien		6,362		76		6,929		228
Residential: junior lien		743		11		807		33
Consumer		1,187		1		1,192		2
Foreign		318		4		331		11
Total impaired loans with no related allowance	$	32,938	$	92	$	65,134	$	276

Loans accounted for as trouble debt restructuring, by loan class

	September 30, 2019		December 31, 2018
		(Dollars in Thousands)
Domestic
Commercial	$	33	$	35
Residential: first lien		5,703		5,947
Residential: junior lien		704		730
Consumer		1,126		1,153
Foreign		273		293
Total troubled debt restructuring	$	7,839	$	8,158

Information regarding the aging of past due loans, by loan class

	September 30, 2019
							90 Days or		Total
	30 - 59		60 - 89		90 Days or		greater &		Past				Total
	Days		Days		Greater		still accruing		Due		Current		Portfolio
	(Dollars in Thousands)
Domestic
Commercial	$	3,493	$	902	$	7,408	$	1,477	$	11,803	$	1,283,933	$	1,295,736
Commercial real estate: other construction & land development		8,977		18,504		1,100		286		28,581		2,015,829		2,044,410
Commercial real estate: farmland & commercial		3,210		56,125		1,270		737		60,605		1,906,506		1,967,111
Commercial real estate: multifamily		24		290		1,265		764		1,579		240,510		242,089
Residential: first lien		2,961		1,169		3,303		2,930		7,433		431,039		438,472
Residential: junior lien		1,316		305		1,216		1,216		2,837		710,455		713,292
Consumer		770		128		69		69		967		46,105		47,072
Foreign		2,119		490		147		147		2,756		144,204		146,960
Total past due loans	$	22,870	$	77,913	$	15,778	$	7,626	$	116,561	$	6,778,581	$	6,895,142

	December 31, 2018
							90 Days or		Total
	30 - 59		60 - 89		90 Days or		greater &		Past				Total
	Days		Days		Greater		still accruing		Due		Current		Portfolio
		(Dollars in Thousands)
Domestic
Commercial	$	4,651	$	1,089	$	19,851	$	10,890	$	25,591	$	1,103,378	$	1,128,969
Commercial real estate: other construction & land development		727		1,707		922		16		3,356		1,882,875		1,886,231
Commercial real estate: farmland & commercial		2,928		784		27,239		24,910		30,951		1,918,947		1,949,898
Commercial real estate: multifamily		927		—		578		71		1,505		224,752		226,257
Residential: first lien		3,998		1,677		3,362		3,079		9,037		436,763		445,800
Residential: junior lien		1,155		618		1,108		937		2,881		724,420		727,301
Consumer		486		19		45		32		550		45,766		46,316
Foreign		1,106		117		739		739		1,962		148,555		150,517
Total past due loans	$	15,978	$	6,011	$	53,844	$	40,674	$	75,833	$	6,485,456	$	6,561,289

Summary of the loan portfolio by credit quality indicator, by loan class

			September 30, 2019
			Special		Watch		Watch List—		Watch List—
	Pass		Review		List—Pass		Substandard		Impaired
			(Dollars in Thousands)
Domestic
Commercial	$	1,228,895	$	19	$	957	$	58,453	$	7,412
Commercial real estate: other construction & land development		1,948,752		—		37,566		56,298		1,794
Commercial real estate: farmland & commercial		1,771,180		7,975		34,067		152,149		1,740
Commercial real estate: multifamily		240,535		—		—		905		649
Residential: first lien		430,825		—		143		1,218		6,286
Residential: junior lien		711,747		—		841		—		704
Consumer		45,941		—		—		—		1,131
Foreign		146,550		—		—		137		273
Total	$	6,524,425	$	7,994	$	73,574	$	269,160	$	19,989

			December 31, 2018
			Special		Watch		Watch List—		Watch List—
	Pass		Review		List—Pass		Substandard		Impaired
			(Dollars in Thousands)
Domestic
Commercial	$	998,625	$	441	$	44,544	$	76,180	$	9,179
Commercial real estate: other construction & land development		1,817,098		1,648		9,055		56,338		2,092
Commercial real estate: farmland & commercial		1,726,711		62,046		38,373		119,259		3,509
Commercial real estate: multifamily		224,823		—		—		927		507
Residential: first lien		438,773		—		142		641		6,244
Residential: junior lien		725,538		—		862		—		901
Consumer		45,141		—		—		—		1,175
Foreign		150,224		—		—		—		293
Total	$	6,126,933	$	64,135	$	92,976	$	253,345	$	23,900