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Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI (Tables)
 12 Months Ended
Dec. 31, 2014
Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI [Abstract]  
Loan portfolio held for investment
At December 31, 2014 and 2013, LHFI consisted of the following ($ in thousands):

  
2014
  
2013
 
Loans secured by real estate:
    
Construction, land development and other land
 
$
619,877
  
$
596,889
 
Secured by 1-4 family residential properties
  
1,634,397
   
1,485,564
 
Secured by nonfarm, nonresidential properties
  
1,553,193
   
1,415,139
 
Other
  
253,787
   
189,362
 
Commercial and industrial loans
  
1,270,350
   
1,157,614
 
Consumer loans
  
167,964
   
165,308
 
Other loans
  
949,901
   
789,005
 
LHFI
  
6,449,469
   
5,798,881
 
Less allowance for loan losses, LHFI
  
69,616
   
66,448
 
Net LHFI
 
$
6,379,853
  
$
5,732,433
 
Summary of LHFI evaluated for impairment
The following table details LHFI individually and collectively evaluated for impairment at December 31, 2014 and 2013 ($ in thousands):

  
December 31, 2014
 
  
LHFI Evaluated for Impairment
 
  
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
      
Construction, land development and other land
 
$
13,867
  
$
606,010
  
$
619,877
 
Secured by 1-4 family residential properties
  
25,621
   
1,608,776
   
1,634,397
 
Secured by nonfarm, nonresidential properties
  
25,717
   
1,527,476
   
1,553,193
 
Other
  
1,318
   
252,469
   
253,787
 
Commercial and industrial loans
  
12,104
   
1,258,246
   
1,270,350
 
Consumer loans
  
88
   
167,876
   
167,964
 
Other loans
  
628
   
949,273
   
949,901
 
Total
 
$
79,343
  
$
6,370,126
  
$
6,449,469
 


  
December 31, 2013
 
  
LHFI Evaluated for Impairment
 
  
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
      
Construction, land development and other land
 
$
13,327
  
$
583,562
  
$
596,889
 
Secured by 1-4 family residential properties
  
21,603
   
1,463,961
   
1,485,564
 
Secured by nonfarm, nonresidential properties
  
21,809
   
1,393,330
   
1,415,139
 
Other
  
1,327
   
188,035
   
189,362
 
Commercial and industrial loans
  
6,286
   
1,151,328
   
1,157,614
 
Consumer loans
  
151
   
165,157
   
165,308
 
Other loans
  
735
   
788,270
   
789,005
 
Total
 
$
65,238
  
$
5,733,643
  
$
5,798,881
 
Impaired financing receivables
At December 31, 2014 and 2013, the carrying amount of LHFI individually evaluated for impairment consisted of the following ($ in thousands):
 
  
December 31, 2014
 
  
LHFI
     
  
Unpaid
  
With No Related
  
With an
  
Total
    
Average
 
  
Principal
  
Allowance
  
Allowance
  
Carrying
  
Related
  
Recorded
 
  
Balance
  
Recorded
  
Recorded
  
Amount
  
Allowance
  
Investment
 
Loans secured by real estate:
            
Construction, land development and other land
 
$
20,849
  
$
7,411
  
$
6,456
  
$
13,867
  
$
2,767
  
$
13,597
 
Secured by 1-4 family residential properties
  
31,151
   
1,650
   
23,971
   
25,621
   
450
   
23,612
 
Secured by nonfarm, nonresidential properties
  
27,969
   
12,868
   
12,849
   
25,717
   
2,787
   
23,763
 
Other
  
1,594
   
-
   
1,318
   
1,318
   
52
   
1,322
 
Commercial and industrial loans
  
13,916
   
1,206
   
10,898
   
12,104
   
6,449
   
9,195
 
Consumer loans
  
152
   
-
   
88
   
88
   
-
   
120
 
Other loans
  
734
   
-
   
628
   
628
   
259
   
682
 
   Total
 
$
96,365
  
$
23,135
  
$
56,208
  
$
79,343
  
$
12,764
  
$
72,291
 
 
  
December 31, 2013
 
  
LHFI
     
  
Unpaid
  
With No Related
  
With an
  
Total
    
Average
 
  
Principal
  
Allowance
  
Allowance
  
Carrying
  
Related
  
Recorded
 
  
Balance
  
Recorded
  
Recorded
  
Amount
  
Allowance
  
Investment
 
Loans secured by real estate:
            
Construction, land development and other land
 
$
24,350
  
$
9,817
  
$
3,510
  
$
13,327
  
$
989
  
$
20,216
 
Secured by 1-4 family residential properties
  
26,541
   
3,095
   
18,508
   
21,603
   
191
   
24,359
 
Secured by nonfarm, nonresidential properties
  
24,879
   
10,225
   
11,584
   
21,809
   
2,307
   
20,049
 
Other
  
1,375
   
-
   
1,327
   
1,327
   
122
   
2,641
 
Commercial and industrial loans
  
8,702
   
2,506
   
3,780
   
6,286
   
1,253
   
5,513
 
Consumer loans
  
286
   
-
   
151
   
151
   
2
   
255
 
Other loans
  
849
   
-
   
735
   
735
   
317
   
767
 
Total
 
$
86,982
  
$
25,643
  
$
39,595
  
$
65,238
  
$
5,181
  
$
73,800
 
Impact of modifications classified as troubled debt restructurings
The following table illustrates the impact of modifications classified as TDRs as well as those TDRs modified within the last 12 months for which there was a payment default during the period for the years ended December 31, 2014, 2013 and 2012  ($ in thousands):

  
Year Ended December 31, 2014
 
Troubled Debt Restructurings
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
 
Loans secured by 1-4 family residential properties
  
17
  
$
1,248
  
$
1,234
 

  
Year Ended December 31, 2013
 
Troubled Debt Restructurings
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
 
Loans secured by 1-4 family residential properties
  
10
  
$
498
  
$
441
 
Loans secured by nonfarm, nonresidential properties
  
1
   
952
   
952
 
Commercial and industrial loans
  
2
   
944
   
937
 
Other loans
  
1
   
2,490
   
2,490
 
 Total
  
14
  
$
4,884
  
$
4,820
 

  
Year Ended December 31, 2012
 
Troubled Debt Restructurings
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
 
Construction, land development and other land loans
  
12
  
$
4,092
  
$
4,092
 
Loans secured by 1-4 family residential properties
  
48
   
5,399
   
5,383
 
Loans secured by nonfarm, nonresidential properties
  
2
   
1,210
   
1,210
 
Other loans secured by real estate
  
1
   
199
   
199
 
Commercial and industrial loans
  
1
   
148
   
-
 
 Total
  
64
  
$
11,048
  
$
10,884
 
Troubled debt restructuring subsequently defaulted
  
Years Ended December 31,
 
  
2014
  
2013
  
2012
 
Troubled Debt Restructurings that Subsequently Defaulted
 
Number of Contracts
  
Recorded Investment
  
Number of Contracts
  
Recorded Investment
  
Number of Contracts
  
Recorded Investment
 
Construction, land development and other land loans
  
-
  
$
-
   
-
  
$
-
   
7
  
$
1,881
 
Loans secured by 1-4 family residential properties
  
1
   
103
   
5
   
345
   
16
   
1,469
 
Loans secured by nonfarm, nonresidential properties
  
-
   
-
   
-
   
-
   
1
   
862
 
Total
  
1
  
$
103
   
5
  
$
345
   
24
  
$
4,212
 
Troubled debt restructuring related to loans held for investment, excluding covered loans, by loan type
The following tables detail LHFI classified as TDRs by loan type at December 31, 2014, 2013 and 2012 ($ in thousands):

  
December 31, 2014
 
  
Accruing
  
Nonaccrual
  
Total
 
Construction, land development and other land loans
 
$
-
  
$
3,665
  
$
3,665
 
Loans secured by 1-4 family residential properties
  
1,385
   
3,733
   
5,118
 
Loans secured by nonfarm, nonresidential properties
  
-
   
1,854
   
1,854
 
Other loans secured by real estate
  
-
   
149
   
149
 
Commercial and industrial loans
  
-
   
509
   
509
 
Total TDRs by type
 
$
1,385
  
$
9,910
  
$
11,295
 

  
December 31, 2013
 
  
Accruing
  
Nonaccrual
  
Total
 
Construction, land development and other land loans
 
$
-
  
$
6,247
  
$
6,247
 
Loans secured by 1-4 family residential properties
  
1,320
   
4,201
   
5,521
 
Loans secured by nonfarm, nonresidential properties
  
-
   
2,292
   
2,292
 
Other loans secured by real estate
  
-
   
167
   
167
 
Commercial and industrial loans
  
-
   
549
   
549
 
Total TDRs by type
 
$
1,320
  
$
13,456
  
$
14,776
 

  
December 31, 2012
 
  
Accruing
  
Nonaccrual
  
Total
 
Construction, land development and other land loans
 
$
233
  
$
12,073
  
$
12,306
 
Loans secured by 1-4 family residential properties
  
1,280
   
5,908
   
7,188
 
Loans secured by nonfarm, nonresidential properties
  
-
   
4,582
   
4,582
 
Other loans secured by real estate
  
-
   
197
   
197
 
Total TDRs by type
 
$
1,513
  
$
22,760
  
$
24,273
 
Carrying amount of loans by credit quality indicator
The table below illustrates the carrying amount of LHFI by credit quality indicator at December 31, 2014 and 2013 ($ in thousands):

        
December 31, 2014
 
    
Commercial LHFI
 
    
Pass –
Categories 1-6
  
Special Mention -
Category 7
  
Substandard –
Category 8
  
Doubtful –
Category 9
  
Subtotal
 
Loans secured by real estate:
            
Construction, land development and other land
   
$
518,944
  
$
479
  
$
37,022
  
$
196
  
$
556,641
 
Secured by 1-4 family residential properties
      
125,203
   
1,652
   
7,483
   
213
   
134,551
 
Secured by nonfarm, nonresidential properties
      
1,462,226
   
8,431
   
81,661
   
-
   
1,552,318
 
Other
      
246,099
   
306
   
4,975
   
-
   
251,380
 
Commercial and industrial loans
      
1,239,247
   
4,245
   
26,133
   
719
   
1,270,344
 
Consumer loans
      
-
   
-
   
-
   
-
   
-
 
Other loans
      
928,251
   
7,550
   
6,779
   
564
   
943,144
 
      
$
4,519,970
  
$
22,663
  
$
164,053
  
$
1,692
  
$
4,708,378
 

  
Consumer LHFI
   
  
Current
  
Past Due
30-89 Days
  
Past Due
90 Days or More
  
Nonaccrual
  
Subtotal
  
Total LHFI
 
Loans secured by real estate:
            
Construction, land development and other land
 
$
62,897
  
$
199
  
$
59
  
$
81
  
$
63,236
  
$
619,877
 
Secured by 1-4 family residential properties
  
1,465,355
   
10,429
   
2,367
   
21,695
   
1,499,846
   
1,634,397
 
Secured by nonfarm, nonresidential properties
  
875
   
-
   
-
   
-
   
875
   
1,553,193
 
Other
  
2,407
   
-
   
-
   
-
   
2,407
   
253,787
 
Commercial and industrial loans
  
-
   
5
   
1
   
-
   
6
   
1,270,350
 
Consumer loans
  
165,504
   
2,162
   
211
   
87
   
167,964
   
167,964
 
Other loans
  
6,757
   
-
   
-
   
-
   
6,757
   
949,901
 
  
$
1,703,795
  
$
12,795
  
$
2,638
  
$
21,863
  
$
1,741,091
  
$
6,449,469
 

       
December 31, 2013
 
    
Commercial LHFI
 
    
Pass –
Categories 1-6
  
Special Mention -
Category 7
  
Substandard –
Category 8
  
Doubtful –
Category 9
  
Subtotal
 
Loans secured by real estate:
            
Construction, land development and other land
   
$
493,380
  
$
4,383
  
$
47,610
  
$
318
  
$
545,691
 
Secured by 1-4 family residential properties
      
119,640
   
479
   
7,839
   
110
   
128,068
 
Secured by nonfarm, nonresidential properties
      
1,313,470
   
12,620
   
87,203
   
399
   
1,413,692
 
Other
      
178,951
   
-
   
6,756
   
235
   
185,942
 
Commercial and industrial loans
      
1,099,429
   
18,771
   
37,209
   
2,187
   
1,157,596
 
Consumer loans
      
496
   
-
   
-
   
-
   
496
 
Other loans
      
777,395
   
60
   
4,126
   
669
   
782,250
 
      
$
3,982,761
  
$
36,313
  
$
190,743
  
$
3,918
  
$
4,213,735
 

  
Consumer LHFI
   
  
Current
  
Past Due
30-89 Days
  
Past Due
90 Days or More
  
Nonaccrual
  
Subtotal
  
Total LHFI
 
Loans secured by real estate:
            
Construction, land development and other land
 
$
50,850
  
$
131
  
$
-
  
$
217
  
$
51,198
  
$
596,889
 
Secured by 1-4 family residential properties
  
1,327,624
   
8,937
   
2,996
   
17,939
   
1,357,496
   
1,485,564
 
Secured by nonfarm, nonresidential properties
  
1,439
   
8
   
-
   
-
   
1,447
   
1,415,139
 
Other
  
3,418
   
2
   
-
   
-
   
3,420
   
189,362
 
Commercial and industrial loans
  
13
   
5
   
-
   
-
   
18
   
1,157,614
 
Consumer loans
  
162,348
   
2,012
   
302
   
150
   
164,812
   
165,308
 
Other loans
  
6,755
   
-
   
-
   
-
   
6,755
   
789,005
 
  
$
1,552,447
  
$
11,095
  
$
3,298
  
$
18,306
  
$
1,585,146
  
$
5,798,881
 
Aging analysis of past due loans and nonaccrual loans, excluding covered loans by class
LHFI past due 90 days or more totaled $2.8 million and $3.3 million at December 31, 2014 and 2013, respectively.  The following table provides an aging analysis of past due and nonaccrual LHFI by class at December 31, 2014 and 2013 ($ in thousands):

  
December 31, 2014
 
  
Past Due
       
  
30-59 Days
  
60-89 Days
  
90 Days
or More (1)
  
Total
  
Nonaccrual
  
Current
Loans
  
Total LHFI
 
Loans secured by real estate:
              
Construction, land development and other land
 
$
248
  
$
17
  
$
60
  
$
325
  
$
13,867
  
$
605,685
  
$
619,877
 
Secured by 1-4 family residential properties
  
8,424
   
2,428
   
2,367
   
13,219
   
25,621
   
1,595,557
   
1,634,397
 
Secured by nonfarm, nonresidential properties
  
1,960
   
34
   
-
   
1,994
   
25,717
   
1,525,482
   
1,553,193
 
Other
  
80
   
-
   
-
   
80
   
1,318
   
252,389
   
253,787
 
Commercial and industrial loans
  
2,491
   
306
   
126
   
2,923
   
12,104
   
1,255,323
   
1,270,350
 
Consumer loans
  
1,811
   
351
   
211
   
2,373
   
88
   
165,503
   
167,964
 
Other loans
  
132
   
9
   
-
   
141
   
628
   
949,132
   
949,901
 
Total
 
$
15,146
  
$
3,145
  
$
2,764
  
$
21,055
  
$
79,343
  
$
6,349,071
  
$
6,449,469
 

(1) Past due 90 days or more but still accruing interest.

  
December 31, 2013
 
  
Past Due
       
  
30-59 Days
  
60-89 Days
  
90 Days
or More (1)
  
Total
  
Nonaccrual
  
Current
Loans
  
Total LHFI
 
Loans secured by real estate:
              
Construction, land development and other land
 
$
656
  
$
267
  
$
-
  
$
923
  
$
13,327
  
$
582,639
  
$
596,889
 
Secured by 1-4 family residential properties
  
7,322
   
2,115
   
2,996
   
12,433
   
21,603
   
1,451,528
   
1,485,564
 
Secured by nonfarm, nonresidential properties
  
1,934
   
110
   
-
   
2,044
   
21,809
   
1,391,286
   
1,415,139
 
Other
  
2
   
3
   
-
   
5
   
1,327
   
188,030
   
189,362
 
Commercial and industrial loans
  
809
   
198
   
-
   
1,007
   
6,286
   
1,150,321
   
1,157,614
 
Consumer loans
  
1,866
   
146
   
302
   
2,314
   
151
   
162,843
   
165,308
 
Other loans
  
17
   
-
   
-
   
17
   
735
   
788,253
   
789,005
 
Total
 
$
12,606
  
$
2,839
  
$
3,298
  
$
18,743
  
$
65,238
  
$
5,714,900
  
$
5,798,881
 

(1) Past due 90 days or more but still accruing interest.
Change in allowance for loan losses
Changes in the allowance for loan losses, LHFI were as follows for the periods presented ($ in thousands):
 
  
Years Ended December31,
 
 
 
2014
  
2013
  
2012
 
Balance at beginning of period
 
$
66,448
  
$
78,738
  
$
89,518
 
Loans charged-off
  
(13,226
)
  
(13,478
)
  
(31,376
)
Recoveries
  
15,183
   
14,609
   
13,830
 
Net recoveries (charge-offs)
  
1,957
   
1,131
   
(17,546
)
Provision for loan losses, LHFI
  
1,211
   
(13,421
)
  
6,766
 
Balance at end of period
 
$
69,616
  
$
66,448
  
$
78,738
 
 
The following tables detail the balance in the allowance for loan losses, LHFI by portfolio segment at December 31, 2014 and 2013, respectively ($ in thousands):

  
2014
 
  
Balance
      
Provision for
  
Balance
 
  
January 1,
  
Charge-offs
  
Recoveries
  
Loan Losses
  
December 31,
 
Loans secured by real estate:
          
Construction, land development and other land
 
$
13,165
  
$
(1,100
)
 
$
3,608
  
$
(2,600
)
 
$
13,073
 
Secured by 1-4 family residential properties
  
9,633
   
(2,505
)
  
922
   
1,627
   
9,677
 
Secured by nonfarm, nonresidential properties
  
19,672
   
(390
)
  
944
   
(1,703
)
  
18,523
 
Other
  
2,080
   
(277
)
  
-
   
338
   
2,141
 
Commercial and industrial loans
  
15,522
   
(2,092
)
  
2,657
   
3,830
   
19,917
 
Consumer loans
  
2,405
   
(1,965
)
  
3,883
   
(2,174
)
  
2,149
 
Other loans
  
3,971
   
(4,897
)
  
3,169
   
1,893
   
4,136
 
Total allowance for loan losses, LHFI
 
$
66,448
  
$
(13,226
)
 
$
15,183
  
$
1,211
  
$
69,616
 

  
Disaggregated by Impairment Method
 
  
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
      
Construction, land development and other land
 
$
2,767
  
$
10,306
  
$
13,073
 
Secured by 1-4 family residential properties
  
450
   
9,227
   
9,677
 
Secured by nonfarm, nonresidential properties
  
2,787
   
15,736
   
18,523
 
Other
  
52
   
2,089
   
2,141
 
Commercial and industrial loans
  
6,449
   
13,468
   
19,917
 
Consumer loans
  
-
   
2,149
   
2,149
 
Other loans
  
259
   
3,877
   
4,136
 
Total allowance for loan losses, LHFI
 
$
12,764
  
$
56,852
  
$
69,616
 
  
2013
 
  
Balance
      
Provision for
  
Balance
 
  
January 1,
  
Charge-offs
  
Recoveries
  
Loan Losses
  
December 31,
 
Loans secured by real estate:
          
Construction, land development and other land
 
$
21,838
  
$
(1,441
)
 
$
3,077
  
$
(10,309
)
 
$
13,165
 
Secured by 1-4 family residential properties
  
12,957
   
(1,298
)
  
427
   
(2,453
)
  
9,633
 
Secured by nonfarm, nonresidential properties
  
21,096
   
(1,002
)
  
225
   
(647
)
  
19,672
 
Other
  
2,197
   
(910
)
  
229
   
564
   
2,080
 
Commercial and industrial loans
  
14,319
   
(1,371
)
  
2,298
   
276
   
15,522
 
Consumer loans
  
3,087
   
(2,425
)
  
4,798
   
(3,055
)
  
2,405
 
Other loans
  
3,244
   
(5,031
)
  
3,555
   
2,203
   
3,971
 
Total allowance for loan losses, LHFI
 
$
78,738
  
$
(13,478
)
 
$
14,609
  
$
(13,421
)
 
$
66,448
 

  
Disaggregated by Impairment Method
 
  
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
      
Construction, land development and other land
 
$
988
  
$
12,177
  
$
13,165
 
Secured by 1-4 family residential properties
  
191
   
9,442
   
9,633
 
Secured by nonfarm, nonresidential properties
  
2,307
   
17,365
   
19,672
 
Other
  
123
   
1,957
   
2,080
 
Commercial and industrial loans
  
1,253
   
14,269
   
15,522
 
Consumer loans
  
2
   
2,403
   
2,405
 
Other loans
  
317
   
3,654
   
3,971
 
Total allowance for loan losses, LHFI
 
$
5,181
  
$
61,267
  
$
66,448