XML 38 R26.htm IDEA: XBRL DOCUMENT

LOANS (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Accounts Notes Loans and Financial Receivables

Loans are stated at amortized cost. Balances within the major loans receivable categories are presented in the following table:


(dollars in thousands)	September 30, 2020		December 31, 2019
Commercial, financial and agricultural	$	1,879,788	$	802,171
Consumer installment	450,810		498,577
Indirect automobile	682,396		1,061,824
Mortgage warehouse	995,942		526,369
Municipal	725,669		564,304
Premium finance	710,890		654,669
Real estate – construction and development	1,628,255		1,549,062
Real estate – commercial and farmland	5,116,252		4,353,039
Real estate – residential	2,753,591		2,808,461
	$	14,943,593	$	12,818,476

Schedule of Changes in Accretable Discounts Related Acquired Loans

The following is a summary of changes in the accretable discounts of purchased loans during the nine months ended September 30, 2019:


(dollars in thousands)	September 30, 2019
Balance, January 1	$	40,496
Additions due to acquisitions	38,116
Accretion	(10,503)

Transfers between non-accretable and accretable discounts, net	(2,052)
Ending balance	$	66,057

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of loans accounted for on a nonaccrual basis:


(dollars in thousands)	September 30, 2020		December 31, 2019
Commercial, financial and agricultural	$	11,844	$	9,236
Consumer installment	947		831
Indirect automobile	1,936		1,746


Premium finance	—		600
Real estate – construction and development	5,666		1,988
Real estate – commercial and farmland	39,248		23,797
Real estate – residential	78,522		36,926
	$	138,163	$	75,124

The following table presents an analysis of nonaccrual loans with no related allowance for credit losses:


(dollars in thousands)	September 30, 2020
Commercial, financial and agricultural	$	1,060





Real estate – construction and development	1,947
Real estate – commercial and farmland	9,650
Real estate – residential	24,920
	$	37,577

Summary of Past Due Financial Receivables

The following table presents an analysis of past-due loans as of September 30, 2020 and December 31, 2019:


(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
September 30, 2020
Commercial, financial and agricultural	$	6,419	$	1,892	$	4,831	$	13,142	$	1,866,646	$	1,879,788	$	—
Consumer installment	2,552		1,441		1,942		5,935		444,875		450,810		1,305
Indirect automobile	2,603		796		1,440		4,839		677,557		682,396		—
Mortgage warehouse	—		—		—		—		995,942		995,942		—
Municipal	—		—		—		—		725,669		725,669		—
Premium finance	5,403		4,517		3,774		13,694		697,196		710,890		3,774
Real estate – construction and development	7,268		4,700		4,452		16,420		1,611,835		1,628,255		1,883
Real estate – commercial and farmland	9,962		1,407		9,969		21,338		5,094,914		5,116,252		—
Real estate – residential	16,808		4,070		73,188		94,066		2,659,525		2,753,591		41
Total	$	51,015	$	18,823	$	99,596	$	169,434	$	14,774,159	$	14,943,593	$	7,003

December 31, 2019
Commercial, financial and agricultural	$	3,609	$	2,251	$	6,484	$	12,344	$	789,827	$	802,171	$	—
Consumer installment	3,488		1,336		1,452		6,276		492,301		498,577		922
Indirect automobile	5,978		1,067		1,522		8,567		1,053,257		1,061,824		21
Mortgage warehouse	—		—		—		—		526,369		526,369		—
Municipal	—		—		—		—		564,304		564,304		—
Premium finance	13,801		8,022		5,411		27,234		627,435		654,669		4,811
Real estate – construction and development	7,785		1,224		1,583		10,592		1,538,470		1,549,062		—
Real estate – commercial and farmland	7,404		3,405		15,598		26,407		4,326,632		4,353,039		—
Real estate – residential	46,226		15,277		31,083		92,586		2,715,875		2,808,461		—
Total	$	88,291	$	32,582	$	63,133	$	184,006	$	12,634,470	$	12,818,476	$	5,754

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans:


	As of and for the Period Ended
(dollars in thousands)	December 31, 2019		September 30, 2019
Nonaccrual loans	$	75,124	$	100,501
Troubled debt restructurings not included above	29,609		31,725
Total impaired loans	$	104,733	$	132,226

Quarter-to-date interest income recognized on impaired loans	$	1,201	$	904
Year-to-date interest income recognized on impaired loans	$	4,131	$	2,930
Quarter-to-date foregone interest income on impaired loans	$	1,044	$	1,579
Year-to-date foregone interest income on impaired loans	$	4,100	$	3,057

The following table presents an analysis of information pertaining to impaired loans as of December 31, 2019 and September 30, 2019:


(dollars in thousands)	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
December 31, 2019
Commercial, financial and agricultural	$	18,438	$	1,911	$	7,840	$	9,751	$	1,542	$	9,073	$	6,287
Consumer installment	2,179		839		—		839		—		420		767
Indirect automobile	1,845		1,746		—		1,746		—		1,481		592


Premium finance	757		—		757		757		156		758		524
Real estate – construction and development	4,893		1,319		1,605		2,924		204		5,277		7,278
Real estate – commercial and farmland	42,515		12,147		18,381		30,528		953		30,749		23,280
Real estate – residential	62,675		13,413		44,775		58,188		3,592		70,723		51,817
Total	$	133,302	$	31,375	$	73,358	$	104,733	$	6,447	$	118,481	$	90,545


(dollars in thousands)	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
September 30, 2019
Commercial, financial and agricultural	$	19,615	$	4,218	$	4,176	$	8,394	$	1,022	$	6,717	$	5,421
Consumer installment	—		—		—		—		—		466		749
Indirect automobile	3,986		1,216		—		1,216		—		608		304


Premium finance	759		—		759		759		601		932		466
Real estate – construction and development	15,275		674		6,956		7,630		375		8,484		8,367
Real estate – commercial and farmland	45,361		15,211		15,759		30,970		1,043		24,523		21,469
Real estate – residential	86,805		53,703		29,554		83,257		2,211		60,815		50,224
Total	$	171,801	$	75,022	$	57,204	$	132,226	$	5,252	$	102,545	$	87,000

Summary of Credit Quality Indicate Financial Receivable

The following table presents the loan portfolio's amortized cost by class of financing receivable, risk grade and year of origination (in thousands). Generally, current period renewals of credit are underwritten again at the point of renewal and considered current period originations for purposes of the table below. There were no loans risk graded 8 or 9 at September 30, 2020.


	Term Loans
As of September 30, 2020	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis		Total
Commercial, Financial and Agricultural
Risk Grade:
1	$	1,128,005	$	1,379	$	427	$	5,700	$	3,113	$	511	$	12,969	$	—	$	1,152,104
2	815		864		1,070		1,035		1,719		201		9,130		—		14,834
3	44,905		17,422		20,498		5,410		57,514		9,042		72,872		—		227,663
4	62,651		92,559		49,128		28,498		89,217		22,108		88,512		—		432,673
5	2,812		4,749		9,084		5,873		4,747		877		3,802		—		31,944
6	49		1,372		880		1,275		166		206		958		—		4,906
7	25		2,138		2,167		4,281		1,093		653		5,307		—		15,664


Total commercial, financial and agricultural	$	1,239,262	$	120,483	$	83,254	$	52,072	$	157,569	$	33,598	$	193,550	$	—	$	1,879,788
Consumer Installment
Risk Grade:
1	$	5,631	$	1,859	$	707	$	6	$	3,872	$	115	$	1,378	$	—	$	13,568
2	—		64		2		67		—		—		39		—		172
3	11,488		3,545		1,180		685		8,759		1,620		4,628		—		31,905
4	122,050		106,124		54,423		10,075		92,677		14,018		3,690		—		403,057
5	55		33		29		246		137		6		8		—		514
6	—		14		3		75		15		49		—		—		156
7	21		132		157		608		219		180		121		—		1,438


Total consumer installment	$	139,245	$	111,771	$	56,501	$	11,762	$	105,679	$	15,988	$	9,864	$	—	$	450,810
Indirect Automobile
Risk Grade:

2	$	—	$	88	$	35	$	3,990	$	—	$	6,471	$	—	$	—	$	10,584
3	—		212,956		218,057		72,465		39,310		124,285		—		—		667,073


6	—		83		92		86		—		114		—		—		375
7	—		607		702		1,550		172		1,333		—		—		4,364


Total indirect automobile	$	—	$	213,734	$	218,886	$	78,091	$	39,482	$	132,203	$	—	$	—	$	682,396
Mortgage Warehouse
Risk Grade:


3	$	—	$	—	$	—	$	—	$	—	$	—	$	995,942	$	—	$	995,942






Total mortgage warehouse	$	—	$	—	$	—	$	—	$	—	$	—	$	995,942	$	—	$	995,942


	Term Loans
As of September 30, 2020	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis		Total
Municipal
Risk Grade:
1	$	202,019	$	37,222	$	169,359	$	101,611	$	12,732	$	157,070	$	—	$	—	$	680,013
2	11,679		—		—		2,573		—		9,410		—		—		23,662
3	—		—		5,453		12,595		745		—		—		—		18,793
4	—		—		—		3,201		—		—		—		—		3,201





Total municipal	$	213,698	$	37,222	$	174,812	$	119,980	$	13,477	$	166,480	$	—	$	—	$	725,669
Premium Finance
Risk Grade:

2	$	675,156	$	832	$	862	$	295	$	27,493	$	2,478	$	—	$	—	$	707,116




7	1,925		—		—		—		—		1,849		—		—		3,774


Total premium finance	$	677,081	$	832	$	862	$	295	$	27,493	$	4,327	$	—	$	—	$	710,890
Real Estate – Construction and Development
Risk Grade:


3	$	27,414	$	17,241	$	8,969	$	8,350	$	7,701	$	3,626	$	682	$	—	$	73,983
4	493,627		217,729		89,755		32,030		544,239		13,065		85,415		—		1,475,860
5	1,372		3,239		331		8,672		24,738		17,827		109		—		56,288
6	—		5,190		1,014		4,604		1,916		528		—		—		13,252
7	544		932		589		3,835		2,926		46		—		—		8,872


Total real estate – construction and development	$	522,957	$	244,331	$	100,658	$	57,491	$	581,520	$	35,092	$	86,206	$	—	$	1,628,255
Real Estate – Commercial and Farmland
Risk Grade:
1	$	—	$	193	$	—	$	—	$	—	$	—	$	—	$	—	$	193
2	2,942		520		2,192		11,653		544		4,460		1,141		—		23,452
3	581,108		156,745		204,384		305,731		378,130		206,226		72,033		—		1,904,357
4	250,925		454,581		326,258		575,402		537,223		297,567		41,814		—		2,483,770
5	13,706		110,502		91,700		113,572		56,746		30,747		1,125		—		418,098
6	498		21,790		30,356		31,466		36,514		3,767		866		—		125,257
7	261		13,589		36,097		62,427		13,920		33,959		872		—		161,125


Total real estate – commercial and farmland	$	849,440	$	757,920	$	690,987	$	1,100,251	$	1,023,077	$	576,726	$	117,851	$	—	$	5,116,252
Real Estate - Residential
Risk Grade:
1	$	—	$	—	$	—	$	21	$	—	$	—	$	—	$	—	$	21
2	38		13		124		51,698		408		1,348		1,636		—		55,265
3	486,558		268,355		198,299		406,482		533,460		160,532		214,075		1,792		2,269,553
4	14,078		19,098		12,001		61,872		21,005		14,926		48,030		48		191,058
5	7,852		18,870		17,092		37,919		38,570		12,707		3,647		—		136,657
6	251		909		60		3,946		1,750		288		351		—		7,555
7	5,467		14,426		10,140		28,243		22,407		7,109		5,690		—		93,482


Total real estate - residential	$	514,244	$	321,671	$	237,716	$	590,181	$	617,600	$	196,910	$	273,429	$	1,840	$	2,753,591

The following table presents the loan portfolio by risk grade as of December 31, 2019 (in thousands):


Risk Grade	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance		Real Estate - Construction and Development		Real Estate - Commercial and Farmland		Real Estate - Residential		Total
1	$	22,396	$	13,184	$	—	$	—	$	552,062	$	—	$	—	$	208	$	27	$	587,877
2	18,937		1,233		18,354		—		2,690		654,069		17,535		35,299		92,255		840,372
3	215,180		33,314		1,033,861		526,369		8,925		—		90,124		1,720,039		2,406,587		6,034,399
4	482,146		449,224		4,009		—		627		—		1,377,674		2,348,083		222,779		4,884,542
5	33,317		208		—		—		—		—		41,759		133,119		24,618		233,021
6	4,901		213		—		—		—		—		17,223		53,941		10,132		86,410
7	25,294		1,191		5,600		—		—		600		4,747		62,350		52,063		151,845
8	—		8		—		—		—		—		—		—		—		8
9	—		2		—		—		—		—		—		—		—		2
Total	$	802,171	$	498,577	$	1,061,824	$	526,369	$	564,304	$	654,669	$	1,549,062	$	4,353,039	$	2,808,461	$	12,818,476

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the loans by class modified as troubled debt restructurings which occurred during the nine months ended September 30, 2020 and 2019:


	September 30, 2020			September 30, 2019
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	2	$	725	2	$	392
Consumer installment	4	15		11	65
Indirect automobile	530	3,170		—	—


Premium finance	—	—		1	158
Real estate – construction and development	1	19		—	—
Real estate – commercial and farmland	21	86,788		2	224
Real estate – residential	91	12,692		41	5,857
Total	649	$	103,409	57	$	6,696

Troubled Debt Restructurings on Financing Receivable Payment Default

The following table presents for loans the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the nine months ended September 30, 2020 and 2019:


	September 30, 2020			September 30, 2019
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	1	$	198	2	$	4
Consumer installment	4	3		7	37




Real estate – construction and development	3	689		—	—
Real estate – commercial and farmland	3	726		4	666
Real estate – residential	16	1,142		21	1,375
Total	27	$	2,758	34	$	2,082

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class classified separately as accrual and nonaccrual at September 30, 2020 and December 31, 2019:


September 30, 2020	Accruing Loans			Non-Accruing Loans
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	5	$	459	12	$	1,002
Consumer installment	11	36		22	64
Indirect automobile	481	2,689		49	482



Real estate – construction and development	4	510		5	709
Real estate – commercial and farmland	38	73,763		7	19,942
Real estate – residential	243	28,777		45	4,477
Total	782	$	106,234	140	$	26,676


December 31, 2019	Accruing Loans			Non-Accruing Loans
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	5	$	516	17	$	335
Consumer installment	4	8		27	107



Premium finance	1	156		—	—
Real estate – construction and development	6	936		3	253
Real estate – commercial and farmland	21	6,732		8	2,071
Real estate – residential	197	21,261		40	2,857
Total	234	$	29,609	95	$	5,623

Financing Receivable, Schedule Of Short-Term Deferrals

The table below presents short-term deferrals related to the COVID-19 pandemic that were not considered TDRs.


(dollars in thousands)	COVID-19 Deferrals		Deferrals as a % of total loans
Commercial, financial and agricultural	$	49,526	2.6	%
Consumer installment	2,421		0.5	%
Indirect automobile	11,042		1.6	%



Real estate – construction and development	42,915		2.6	%
Real estate – commercial and farmland	368,607		7.2	%
Real estate – residential	174,005		6.3	%
	$	648,516	4.3	%

Schedule of Allowances for Loan Losses by Portfolio Segment

The following tables detail activity in the allowance for credit losses by portfolio segment for the three and nine-month periods ended September 30, 2020 and September 30, 2019 and end of period balances by portfolio segment as of September 30, 2020, December 31, 2019 and September 30, 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.


Three Months Ended September 30, 2020

(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, June 30, 2020	$	7,938	$	20,085	$	3,381	$	1,498	$	507	$	8,198


Provision for loan losses	5,533		(3,693)		322		498		365		(2,316)
Loans charged off	(1,715)		(677)		(697)		—		—		(1,159)
Recoveries of loans previously charged off	470		516		317		—		—		1,224
Balance, September 30, 2020	$	12,226	$	16,231	$	3,323	$	1,996	$	872	$	5,947

	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, June 30, 2020	$	54,266	$	83,593	$	29,327	$	208,793


Provision for loan losses	(10,208)		18,419		17,772		26,692
Loans charged off	(9)		(2,977)		(137)		(7,371)
Recoveries of loans previously charged off	182		904		197		3,810
Balance, September 30, 2020	$	44,231	$	99,939	$	47,159	$	231,924

Nine Months Ended September 30, 2020

(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, December 31, 2019	$	4,567	$	3,784	$	—	$	640	$	484	$	2,550
Adjustment to allowance for adoption of ASU 2016-13	2,587		8,012		4,109		463		(92)		4,471

Provision for loan losses	8,624		5,943		1,138		893		480		235
Loans charged off	(4,687)		(2,781)		(2,944)		—		—		(3,893)
Recoveries of loans previously charged off	1,135		1,273		1,020		—		—		2,584
Balance, September 30, 2020	$	12,226	$	16,231	$	3,323	$	1,996	$	872	$	5,947

	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, December 31, 2019	$	5,995	$	9,666	$	10,503	$	38,189
Adjustment to allowance for adoption of ASU 2016-13	12,248		27,073		19,790		78,661

Provision for loan losses	25,379		72,410		17,086		132,188
Loans charged off	(83)		(10,220)		(762)		(25,370)
Recoveries of loans previously charged off	692		1,010		542		8,256
Balance, September 30, 2020	$	44,231	$	99,939	$	47,159	$	231,924

Prior to the adoption of ASC 326 on January 1, 2020, the Company calculated the allowance for loan losses under the incurred loss methodology. The following tables are disclosures related to the allowance for loan losses in prior periods.


(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance






December 31, 2019
Period-end allocation:
Loans individually evaluated for impairment (1)	$	1,543	$	—	$	—	$	—	$	—	$	758
Loans collectively evaluated for impairment	3,024		3,784		—		640		484		1,792
Ending balance	$	4,567	$	3,784	$	—	$	640	$	484	$	2,550

Loans:
Individually evaluated for impairment (1)	$	8,032	$	—	$	—	$	—	$	—	$	6,768
Collectively evaluated for impairment	789,252		498,363		1,056,811		526,369		564,304		647,901
Acquired with deteriorated credit quality	4,887		214		5,013		—		—		—
Ending balance	$	802,171	$	498,577	$	1,061,824	$	526,369	$	564,304	$	654,669

	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total






December 31, 2019
Period-end allocation:
Loans individually evaluated for impairment (1)	$	204	$	953	$	3,704	$	7,162
Loans collectively evaluated for impairment	5,791		8,713		6,799		31,027
Ending balance	$	5,995	$	9,666	$	10,503	$	38,189

Loans:
Individually evaluated for impairment (1)	$	1,605	$	19,759	$	46,311	$	82,475
Collectively evaluated for impairment	1,532,786		4,256,397		2,737,095		12,609,278
Acquired with deteriorated credit quality	14,671		76,883		25,055		126,723
Ending balance	$	1,549,062	$	4,353,039	$	2,808,461	$	12,818,476

(1) At December 31, 2019, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.


(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Three Months Ended September 30, 2019
Balance, June 30, 2019	$	2,816	$	3,388	$	—	$	640	$	502	$	2,984
Provision for loan losses	831		1,132		580		—		(5)		1,141
Loans charged off	(490)		(1,245)		(965)		—		—		(1,267)
Recoveries of loans previously charged off	300		476		385		—		—		736
Balance, September 30, 2019	$	3,457	$	3,751	$	—	$	640	$	497	$	3,594


(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Nine Months Ended September 30, 2019
Balance, December 31, 2018	$	2,352	$	3,795	$	—	$	640	$	509	$	1,426
Provision for loan losses	1,848		3,289		580		—		(12)		3,224
Loans charged off	(1,647)		(4,313)		(965)		—		—		(3,452)
Recoveries of loans previously charged off	904		980		385		—		—		2,396
Balance, September 30, 2019	$	3,457	$	3,751	$	—	$	640	$	497	$	3,594

Period-end allocation:
Loans individually evaluated for impairment (1)	$	1,022	$	—	$	—	$	—	$	—	$	1,606
Loans collectively evaluated for impairment	2,435		3,751		—		640		497		1,988
Ending balance	$	3,457	$	3,751	$	—	$	640	$	497	$	3,594

Loans:
Individually evaluated for impairment (1)	$	4,176	$	—	$	—	$	—	$	—	$	2,428
Collectively evaluated for impairment	918,162		500,067		1,108,717		562,598		578,267		654,142
Acquired with deteriorated credit quality	9,417		—		3,098		—		—		—
Ending balance	$	931,755	$	500,067	$	1,111,815	$	562,598	$	578,267	$	656,570

	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Three Months Ended September 30, 2019
Balance, June 30, 2019	$	4,763	$	8,676	$	8,024	$	31,793
Provision for loan losses	(182)		1,541		951		5,989
Loans charged off	—		(1,315)		(37)		(5,319)
Recoveries of loans previously charged off	930		74		166		3,067
Balance, September 30, 2019	$	5,511	$	8,976	$	9,104	$	35,530

Nine Months Ended September 30, 2019
Balance, December 31, 2018	$	4,210	$	9,659	$	6,228	$	28,819
Provision for loan losses	254		2,283		2,599		14,065
Loans charged off	(268)		(3,158)		(391)		(14,194)
Recoveries of loans previously charged off	1,315		192		668		6,840
Balance, September 30, 2019	$	5,511	$	8,976	$	9,104	$	35,530

Period-end allocation:
Loans individually evaluated for impairment (1)	$	552	$	1,044	$	2,227	$	6,451
Loans collectively evaluated for impairment	4,959		7,932		6,877		29,079
Ending balance	$	5,511	$	8,976	$	9,104	$	35,530

Loans:
Individually evaluated for impairment (1)	$	7,810	$	16,120	$	30,337	$	60,871
Collectively evaluated for impairment	1,441,918		4,090,640		2,727,895		12,582,406
Acquired with deteriorated credit quality	18,968		91,999		59,525		183,007
Ending balance	$	1,468,696	$	4,198,759	$	2,817,757	$	12,826,284

(1) At September 30, 2019, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.