Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI (Tables)

3 Months Ended

Mar. 31, 2019

Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]

Loan Portfolio Held for Investment

At March 31, 2019 and December 31, 2018, LHFI consisted of the following ($ in thousands):

	March 31, 2019		December 31, 2018
Loans secured by real estate:
Construction, land development and other land	$	1,209,761	$	1,056,601
Secured by 1-4 family residential properties		1,810,872		1,825,492
Secured by nonfarm, nonresidential properties		2,241,072		2,220,914
Other real estate secured		528,032		543,820
Commercial and industrial loans		1,558,057		1,538,715
Consumer loans		176,619		182,448
State and other political subdivision loans		982,626		973,818
Other loans		487,975		494,060
LHFI		8,995,014		8,835,868
Less allowance for loan losses, LHFI		79,005		79,290
Net LHFI	$	8,916,009	$	8,756,578

Aging Analysis of Past Due and Nonaccrual LHFI by Loan Type

The following tables provide an aging analysis of past due and nonaccrual LHFI by loan type at March 31, 2019 and December 31, 2018 ($ in thousands):

	March 31, 2019
	Past Due
	30-59 Days		60-89 Days		90 Days orMore (1)		Total		Nonaccrual		Current Loans		Total LHFI
Loans secured by real estate:
Construction, land development and other    land	$	672	$	—	$	—	$	672	$	1,346	$	1,207,743	$	1,209,761
Secured by 1-4 family residential properties		5,519		1,534		397		7,450		17,089		1,786,333		1,810,872
Secured by nonfarm, nonresidential    properties		2,575		—		—		2,575		8,440		2,230,057		2,241,072
Other real estate secured		46		117		—		163		1,548		526,321		528,032
Commercial and industrial loans		1,098		97		—		1,195		18,127		1,538,735		1,558,057
Consumer loans		1,434		256		273		1,963		147		174,509		176,619
State and other political subdivision loans		—		—		—		—		8,449		974,177		982,626
Other loans		39		18		—		57		1,277		486,641		487,975
Total	$	11,383	$	2,022	$	670	$	14,075	$	56,423	$	8,924,516	$	8,995,014

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

	December 31, 2018
	Past Due
	30-59 Days		60-89 Days		90 Days orMore (1)		Total		Nonaccrual		Current Loans		Total LHFI
Loans secured by real estate:
Construction, land development and other    land	$	284	$	—	$	—	$	284	$	2,218	$	1,054,099	$	1,056,601
Secured by 1-4 family residential properties		8,600		1,700		569		10,869		14,718		1,799,905		1,825,492
Secured by nonfarm, nonresidential    properties		1,887		—		—		1,887		9,621		2,209,406		2,220,914
Other real estate secured		197		99		—		296		927		542,597		543,820
Commercial and industrial loans		1,346		300		—		1,646		23,938		1,513,131		1,538,715
Consumer loans		1,800		353		287		2,440		205		179,803		182,448
State and other political subdivision loans		186		—		—		186		8,595		965,037		973,818
Other loans		83		—		—		83		1,402		492,575		494,060
Total	$	14,383	$	2,452	$	856	$	17,691	$	61,624	$	8,756,553	$	8,835,868

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

Impaired Financing Receivables

At March 31, 2019 and December 31, 2018, individually evaluated impaired LHFI consisted of the following ($ in thousands):

	March 31, 2019
	LHFI
	Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Total Carrying Amount		Related Allowance		Average Recorded Investment
Loans secured by real estate:
Construction, land development and other land	$	952	$	673	$	22	$	695	$	—	$	1,216
Secured by 1-4 family residential properties		34,862		1,093		3,156		4,249		32		4,288
Secured by nonfarm, nonresidential properties		7,482		6,599		339		6,938		225		7,918
Other real estate secured		657		892		—		892		—		508
Commercial and industrial loans		25,414		12,890		16,635		29,525		3,407		28,125
Consumer loans		31		—		31		31		—		18
State and other political subdivision loans		8,611		4,079		4,370		8,449		370		6,373
Other loans		1,392		230		1,006		1,236		1,006		1,020
Total	$	79,401	$	26,456	$	25,559	$	52,015	$	5,040	$	49,466

	December 31, 2018
	LHFI
	Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Total Carrying Amount		Related Allowance		Average Recorded Investment
Loans secured by real estate:
Construction, land development and other land	$	1,794	$	1,528	$	24	$	1,552	$	—	$	1,738
Secured by 1-4 family residential properties		4,951		95		3,868		3,963		39		4,328
Secured by nonfarm, nonresidential properties		8,282		6,728		2,748		9,476		413		8,898
Other real estate secured		—		—		248		248		—		124
Commercial and industrial loans		37,786		12,893		17,824		30,717		4,334		26,725
Consumer loans		2		—		2		2		—		6
State and other political subdivision loans		8,688		4,079		4,516		8,595		516		4,297
Other loans		1,418		230		1,052		1,282		1,052		804
Total	$	62,921	$	25,553	$	30,282	$	55,835	$	6,354	$	46,920

Impact of Modifications Classified as Troubled Debt Restructurings

The following table illustrates the impact of modifications classified as TDRs for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2019						2018
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real    estate:
Secured by 1-4 family    residential properties		2	$	86	$	86		4	$	118	$	118
Commercial and industrial    loans		6		9,054		9,054		1		2,471		2,471
Consumer loans		2		30		30		—		—		—
Total		10	$	9,170	$	9,170		5	$	2,589	$	2,589

Troubled Debt Restructuring Subsequently Defaulted

The table below includes the balances at default for TDRs modified within the last 12 months for which there was a payment default during the periods presented ($ in thousands):

	Three Months Ended March 31,
	2019				2018
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Loans secured by real estate:
Construction, land development and other land		1	$	22		—	$	—
Secured by 1-4 family residential properties		3		684		1		4
Commercial and industrial loans		6		15,178		2		—
Consumer loans		2		28		—		—
Total		12	$	15,912		3	$	4

Troubled Debt Restructuring Related to Loans Held for Investment by Loan Type

The following tables detail LHFI classified as TDRs by loan type at March 31, 2019 and 2018 ($ in thousands):

	March 31, 2019
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	22	$	22
Secured by 1-4 family residential properties		58		3,098		3,156
Secured by nonfarm, nonresidential properties		—		339		339
Commercial and industrial loans		13,786		12,380		26,166
Consumer loans		—		31		31
Other loans		—		518		518
Total TDRs	$	13,844	$	16,388	$	30,232

	March 31, 2018
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	189	$	189
Secured by 1-4 family residential properties		60		2,916		2,976
Secured by nonfarm, nonresidential properties		—		380		380
Commercial and industrial loans		—		21,745		21,745
Other loans		—		556		556
Total TDRs	$	60	$	25,786	$	25,846

Carrying Amount of Loans by Credit Quality Indicator

The tables below present LHFI by loan type and credit quality indicator at March 31, 2019 and December 31, 2018 ($ in thousands):

	March 31, 2019
		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		$	1,136,438	$	72	$	5,730	$	198	$	1,142,438
Secured by 1-4 family residential    properties			120,246		210		3,015		226		123,697
Secured by nonfarm, nonresidential    properties			2,199,445		1,604		39,510		462		2,241,021
Other real estate secured			521,988		—		5,206		—		527,194
Commercial and industrial loans			1,469,610		11,356		75,250		1,841		1,558,057
Consumer loans			—		—		—		—		—
State and other political subdivision loans			967,290		5,250		10,086		—		982,626
Other loans			462,626		3,965		17,523		15		484,129
Total		$	6,877,643	$	22,457	$	156,320	$	2,742	$	7,059,162

	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	$	66,635	$	358	$	—	$	330	$	67,323	$	1,209,761
Secured by 1-4 family residential    properties		1,664,639		6,274		397		15,865		1,687,175		1,810,872
Secured by nonfarm, nonresidential    properties		51		—		—		—		51		2,241,072
Other real estate secured		836		2		—		—		838		528,032
Commercial and industrial loans		—		—		—		—		—		1,558,057
Consumer loans		174,509		1,690		273		147		176,619		176,619
State and other political subdivision loans		—		—		—		—		—		982,626
Other loans		3,846		—		—		—		3,846		487,975
Total	$	1,910,516	$	8,324	$	670	$	16,342	$	1,935,852	$	8,995,014

	December 31, 2018
		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		$	982,305	$	75	$	5,645	$	203	$	988,228
Secured by 1-4 family residential    properties			123,191		216		2,731		229		126,367
Secured by nonfarm, nonresidential    properties			2,182,106		1,250		37,025		473		2,220,854
Other real estate secured			537,958		323		4,610		—		542,891
Commercial and industrial loans			1,468,262		12,431		55,943		2,079		1,538,715
Consumer loans			—		—		—		—		—
State and other political subdivision loans			958,214		5,250		10,354		—		973,818
Other loans			460,568		17,842		10,323		49		488,782
Total		$	6,712,604	$	37,387	$	126,631	$	3,033	$	6,879,655

	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	$	67,913	$	124	$	—	$	336	$	68,373	$	1,056,601
Secured by 1-4 family residential    properties		1,675,455		9,872		569		13,229		1,699,125		1,825,492
Secured by nonfarm, nonresidential    properties		60		—		—		—		60		2,220,914
Other real estate secured		929		—		—		—		929		543,820
Commercial and industrial loans		—		—		—		—		—		1,538,715
Consumer loans		179,802		2,153		288		205		182,448		182,448
State and other political subdivision loans		—		—		—		—		—		973,818
Other loans		5,278		—		—		—		5,278		494,060
Total	$	1,929,437	$	12,149	$	857	$	13,770	$	1,956,213	$	8,835,868

Change in Allowance for Loan Losses

The following tables detail the balance in the allowance for loan losses, LHFI allocated to each loan type segmented by the impairment evaluation methodology used at March 31, 2019 and December 31, 2018 ($ in thousands):

	March 31, 2019
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	7,524	$	7,524
Secured by 1-4 family residential properties		32		8,349		8,381
Secured by nonfarm, nonresidential properties		225		21,254		21,479
Other real estate secured		—		3,077		3,077
Commercial and industrial loans		3,407		25,795		29,202
Consumer loans		—		3,148		3,148
State and other political subdivision loans		370		422		792
Other loans		1,006		4,396		5,402
Total allowance for loan losses, LHFI	$	5,040	$	73,965	$	79,005

	December 31, 2018
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	7,390	$	7,390
Secured by 1-4 family residential properties		39		8,602		8,641
Secured by nonfarm, nonresidential properties		413		21,963		22,376
Other real estate secured		—		3,450		3,450
Commercial and industrial loans		4,334		23,025		27,359
Consumer loans		—		2,890		2,890
State and other political subdivision loans		516		474		990
Other loans		1,052		5,142		6,194
Total allowance for loan losses, LHFI	$	6,354	$	72,936	$	79,290

Changes in the allowance for loan losses, LHFI were as follows for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	79,290		$	76,733
Loans charged-off		(4,033	)		(2,542	)
Recoveries		2,137			3,083
Net (charge-offs) recoveries		(1,896	)		541
Provision for loan losses, LHFI		1,611			3,961
Balance at end of period	$	79,005		$	81,235

The following tables detail changes in the allowance for loan losses, LHFI by loan type for the periods ended March 31, 2019 and 2018 ($ in thousands):

	2019
	Balance January 1,		Charge-offs			Recoveries		Provision for Loan Losses			Balance March 31,
Loans secured by real estate:
Construction, land development and other land	$	7,390	$	(35	)	$	306	$	(137	)	$	7,524
Secured by 1-4 family residential properties		8,641		(161	)		216		(315	)		8,381
Secured by nonfarm, nonresidential properties		22,376		—			15		(912	)		21,479
Other real estate secured		3,450		—			10		(383	)		3,077
Commercial and industrial loans		27,359		(1,859	)		137		3,565			29,202
Consumer loans		2,890		(793	)		534		517			3,148
State and other political subdivision loans		990		—			—		(198	)		792
Other loans		6,194		(1,185	)		919		(526	)		5,402
Total allowance for loan losses, LHFI	$	79,290	$	(4,033	)	$	2,137	$	1,611		$	79,005

	2018
	Balance January 1,		Charge-offs			Recoveries		Provision for Loan Losses			Balance March 31,
Loans secured by real estate:
Construction, land development and other land loans	$	7,865	$	(2	)	$	195	$	(232	)	$	7,826
Secured by 1-4 family residential properties		10,874		(780	)		267		(770	)		9,591
Secured by nonfarm, nonresidential properties		23,428		—			21		1,071			24,520
Other real estate secured		2,790		—			6		(487	)		2,309
Commercial and industrial loans		22,851		(121	)		1,213		5,074			29,017
Consumer loans		3,470		(434	)		501		(310	)		3,227
State and other political subdivision loans		789		—			—		3			792
Other loans		4,666		(1,205	)		880		(388	)		3,953
Total allowance for loan losses, LHFI	$	76,733	$	(2,542	)	$	3,083	$	3,961		$	81,235

Summary Of LHFI Evaluated For Impairment

The following tables detail LHFI by loan type related to each balance in the allowance for loan losses, LHFI segregated by the impairment evaluation methodology used at March 31, 2019 and December 31, 2018 ($ in thousands):

	March 31, 2019
	LHFI Evaluated for Impairment
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	695	$	1,209,066	$	1,209,761
Secured by 1-4 family residential properties		4,249		1,806,623		1,810,872
Secured by nonfarm, nonresidential properties		6,938		2,234,134		2,241,072
Other real estate secured		892		527,140		528,032
Commercial and industrial loans		29,525		1,528,532		1,558,057
Consumer loans		31		176,588		176,619
State and other political subdivision loans		8,449		974,177		982,626
Other loans		1,236		486,739		487,975
Total	$	52,015	$	8,942,999	$	8,995,014

	December 31, 2018
	LHFI Evaluated for Impairment
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	1,552	$	1,055,049	$	1,056,601
Secured by 1-4 family residential properties		3,963		1,821,529		1,825,492
Secured by nonfarm, nonresidential properties		9,476		2,211,438		2,220,914
Other real estate secured		248		543,572		543,820
Commercial and industrial loans		30,717		1,507,998		1,538,715
Consumer loans		2		182,446		182,448
State and other political subdivision loans		8,595		965,223		973,818
Other loans		1,282		492,778		494,060
Total	$	55,835	$	8,780,033	$	8,835,868