XML 128 R31.htm IDEA: XBRL DOCUMENT

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

3 Months Ended

Mar. 31, 2020

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

At March 31, 2020 and December 31, 2019, LHFI consisted of the following ($ in thousands):

	March 31, 2020		December 31, 2019
Loans secured by real estate:
Construction, land development and other land	$	486,265	$	1,162,791
Other secured by 1-4 family residential properties		584,981		1,855,913
Secured by nonfarm, nonresidential properties		2,575,422		2,475,245
Other real estate secured		838,573		724,480
Other loans secured by real estate: (1)
Other construction		650,124		—
Secured by 1-4 family residential properties		1,267,084		—
Commercial and industrial loans		1,476,777		1,477,896
Consumer loans		173,678		175,738
State and other political subdivision loans		938,637		967,944
Other commercial loans (1)		576,379		495,621
LHFI		9,567,920		9,335,628
Less ACL		100,564		84,277
Net LHFI	$	9,467,356	$	9,251,351

(1)

In accordance with the guidance in FASB ASC Topic 326, Trustmark redefined its LHFI portfolio segments and related loan classes based on the level at which risk is monitored within the ACL methodology. The other loans secured by real estate portfolio segment and related loan classes were separated from the loans secured by real estate portfolio segment. The other construction loans were segregated from the construction, land development and other land loans. The other loans secured by 1-4 family residential properties were segregated from the loans secured by 1-4 family residential properties and the loans secured by 1-4 family residential properties were redefined in the other loans secured by real estate portfolio segment. Other loans were redefined as other commercial loans.

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status

The following table provides the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more still accruing interest as of March 31, 2020 ($ in thousands):

	March 31, 2020
	Nonaccrual With No ACL		Total Nonaccrual		Loans Past Due 90 Days or More Still Accruing
Loans secured by real estate:
Construction, land development and other land	$	586	$	950	$	—
Other secured by 1-4 family residential properties		519		4,991		40
Secured by nonfarm, nonresidential properties		5,476		7,323		—
Other real estate secured		65		1,076		—
Other loans secured by real estate:
Other construction		—		—		—
Secured by 1-4 family residential properties		1,504		12,466		306
Commercial and industrial loans		18,988		21,156		—
Consumer loans		—		84		296
State and other political subdivision loans		—		4,079		—
Other commercial loans		—		867		66
Total	$	27,138	$	52,992	$	708

Aging Analysis of Past Due and Nonaccrual LHFI by Loan Type

The following table provides an aging analysis of the amortized cost basis of past due LHFI at March 31, 2020 ($ in thousands):

	March 31, 2020
	Past Due
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	389	$	130	$	178	$	697	$	485,568	$	486,265
Other secured by 1-4 family residential properties		3,365		1,137		943		5,445		579,536		584,981
Secured by nonfarm, nonresidential properties		1,583		1,048		283		2,914		2,572,508		2,575,422
Other real estate secured		155		—		354		509		838,064		838,573
Other loans secured by real estate:
Other construction		3		—		—		3		650,121		650,124
Secured by 1-4 family residential properties		2,822		3,335		4,324		10,481		1,256,603		1,267,084
Commercial and industrial loans		1,595		327		1,543		3,465		1,473,312		1,476,777
Consumer loans		1,608		302		297		2,207		171,471		173,678
State and other political subdivision loans		—		—		4,079		4,079		934,558		938,637
Other commercial loans		454		69		480		1,003		575,376		576,379
Total	$	11,974	$	6,348	$	12,481	$	30,803	$	9,537,117	$	9,567,920

The following table provides an aging analysis of past due and nonaccrual LHFI by loan class at December 31, 2019 ($ in thousands):

	December 31, 2019
	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	$	380	$	256	$	—	$	636	$	897	$	1,161,258	$	1,162,791
Secured by 1-4 family residential properties		5,254		940		211		6,405		16,810		1,832,698		1,855,913
Secured by nonfarm, nonresidential properties		1,698		—		—		1,698		7,700		2,465,847		2,475,245
Other real estate secured		8		—		—		8		1,032		723,440		724,480
Commercial and industrial loans		617		12		39		668		21,775		1,455,453		1,477,896
Consumer loans		2,208		380		392		2,980		108		172,650		175,738
State and other political subdivision loans		76		—		—		76		4,079		963,789		967,944
Other loans		152		4		—		156		825		494,640		495,621
Total	$	10,393	$	1,592	$	642	$	12,627	$	53,226	$	9,269,775	$	9,335,628

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

Impaired Financing Receivables

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

	December 31, 2019
	LHFI
	Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Total Recorded Investment		Related Allowance		Average Recorded Investment
Loans secured by real estate:
Construction, land development and other land	$	926	$	610	$	16	$	626	$	—	$	1,089
Secured by 1-4 family residential properties		6,513		2,104		3,360		5,464		35		4,713
Secured by nonfarm, nonresidential properties		7,295		1,462		5,255		6,717		2,355		8,096
Other real estate secured		69		—		68		68		—		158
Commercial and industrial loans		27,178		19,374		4,084		23,458		707		27,088
Consumer loans		22		—		21		21		—		11
State and other political subdivision loans		4,079		—		4,079		4,079		1,809		6,337
Other loans		1,207		—		784		784		553		1,033
Total	$	47,289	$	23,550	$	17,667	$	41,217	$	5,459	$	48,525

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,
	2020						2019
	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:
Other secured by 1-4 family residential properties		5	$	501	$	501		2	$	86	$	86
Commercial and industrial loans		2		1,582		1,582		6		9,054		9,054
Consumer loans		4		20		20		2		30		30
Total		11	$	2,103	$	2,103		10	$	9,170	$	9,170

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,
	2020				2019
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Loans secured by real estate:
Construction, land development and other land		—	$	—		1	$	22
Other secured by 1-4 family residential properties		3		446		3		684
Commercial and industrial loans		3		194		6		15,178
Consumer loans		—		—		2		28
Total		6	$	640		12	$	15,912

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

The following tables detail LHFI classified as TDRs by loan class at March 31, 2020 and 2019 ($ in thousands):

	March 31, 2020
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	14	$	14
Other secured by 1-4 family residential properties		—		3,672		3,672
Secured by nonfarm, nonresidential properties		—		2,899		2,899
Commercial and industrial loans		2,640		17,103		19,743
Consumer loans		17		23		40
Other commercial loans		—		125		125
Total TDRs	$	2,657	$	23,836	$	26,493

	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

Schedule of Amortized Cost Basis of Collateral-Dependent Loans

The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2020 ($ in thousands):

	March 31, 2020
	Real Estate		Equipment and Machinery		Inventory and Receivables		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and other land	$	1,804	$	—	$	—	$	—	$	—	$	1,804
Other secured by 1-4 family residential properties		519		—		—		—		—		519
Secured by nonfarm, nonresidential properties		12,054		—		—		—		—		12,054
Other real estate secured		65		—		—		—		—		65
Other loans secured by real estate:												—
Other construction		—		—		—		—		—		—
Secured by 1-4 family residential properties		1,504		—		—		—		—		1,504
Commercial and industrial loans		115		873		8,970		221		8,888		19,067
Consumer loans		—		—		—		—		—		—
State and other political subdivision loans		4,079		—		—		—		—		4,079
Other commercial loans		623		—		—		—		125		748
Total	$	20,763	$	873	$	8,970	$	221	$	9,013	$	39,840

Carrying Amount of Loans by Credit Quality Indicator

The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed ($ in thousands):

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of March 31, 2020	Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6	$	77,319	$	223,340	$	54,232	$	7,319	$	4,228	$	6,771	$	36,843	$	410,052
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		1,299		1,190		423		39		680		45		—		3,676
Doubtful - RR 9		—		—		—		—		—		42		—		42
Total		78,618		224,530		54,655		7,358		4,908		6,858		36,843		413,770

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6	$	7,746	$	32,807	$	25,192	$	13,745	$	14,504	$	10,639	$	11,512	$	116,145
Special Mention - RR 7		—		92		—		—		—		—		—		92
Substandard - RR 8		284		4,016		1,119		244		486		849		114		7,112
Doubtful - RR 9		—		37		—		—		—		—		—		37
Total		8,030		36,952		26,311		13,989		14,990		11,488		11,626		123,386

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6	$	132,966	$	542,615	$	495,056	$	407,125	$	350,006	$	474,906	$	118,137	$	2,520,811
Special Mention - RR 7		—		740		—		—		—		4,826		—		5,566
Substandard - RR 8		4,148		14,888		1,859		4,587		9,202		12,885		1,053		48,622
Doubtful - RR 9		60		—		—		—		—		341		—		401
Total		137,174		558,243		496,915		411,712		359,208		492,958		119,190		2,575,400

Other real estate secured:
Pass - RR 1 through RR 6	$	18,032	$	180,641	$	269,166	$	177,386	$	136,620	$	40,741	$	12,561	$	835,147
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		—		197		1,304		—		398		843		—		2,742
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		18,032		180,838		270,470		177,386		137,018		41,584		12,561		837,889

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of March 31, 2020	Commercial LHFI
Other loans secured by real estate:
Other construction
Pass - RR 1 through RR 6	$	20,369	$	359,717	$	203,819	$	24,199	$	23,154	$	—	$	4,645	$	635,903
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		—		—		14,221		—		—		—		—		14,221
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		20,369		359,717		218,040		24,199		23,154		—		4,645		650,124

Commercial and industrial loans:
Pass - RR 1 through RR 6	$	175,477	$	294,301	$	146,947	$	115,358	$	85,992	$	59,924	$	540,814	$	1,418,813
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		8,103		2,336		19,042		864		724		2,641		23,416		57,126
Doubtful - RR 9		17		540		—		—		269		4		8		838
Total		183,597		297,177		165,989		116,222		86,985		62,569		564,238		1,476,777

State and other political subdivision loans:
Pass - RR 1 through RR 6	$	30,645	$	134,410	$	76,100	$	124,088	$	147,560	$	415,156	$	805	$	928,764
Special Mention - RR 7		—		—		—		—		—		4,650		—		4,650
Substandard - RR 8		—		—		—		384		—		4,839		—		5,223
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		30,645		134,410		76,100		124,472		147,560		424,645		805		938,637

Other commercial loans:
Pass - RR 1 through RR 6	$	37,485	$	90,436	$	35,815	$	15,742	$	58,816	$	55,347	$	267,500	$	561,141
Special Mention - RR 7		—		2,028		—		—		—		—		2,995		5,023
Substandard - RR 8		—		299		698		94		1,265		—		7,747		10,103
Doubtful - RR 9		—		89		—		—		—		23		—		112
Total		37,485		92,852		36,513		15,836		60,081		55,370		278,242		576,379

Total commercial LHFI	$	513,950	$	1,884,719	$	1,344,993	$	891,174	$	833,904	$	1,095,472	$	1,028,150	$	7,592,362

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of March 31, 2020	Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current	$	4,470	$	44,148	$	14,499	$	2,531	$	1,992	$	4,557	$	—	$	72,197
Past due 30-89 days		—		—		64		52		29		43		—		188
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		110		—		110
Total		4,470		44,148		14,563		2,583		2,021		4,710		—		72,495

Other secured by 1-4 family residential properties:
Current	$	5,636	$	24,558	$	17,083	$	5,225	$	2,833	$	17,902	$	380,934	$	454,171
Past due 30-89 days		—		166		111		30		58		1,384		1,870		3,619
Past due 90 days or more		—		5		—		—		—		2		34		41
Nonaccrual		83		38		211		448		—		678		2,306		3,764
Total		5,719		24,767		17,405		5,703		2,891		19,966		385,144		461,595

Secured by nonfarm, nonresidential properties:
Current	$	—	$	—	$	—	$	—	$	—	$	16	$	—	$	16
Past due 30-89 days		—		—		—		6		—		—		—		6
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		—		—		—		6		—		16		—		22

Other real estate secured:
Current	$	60	$	—	$	47	$	47	$	111	$	419	$	—	$	684
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		60		—		47		47		111		419		—		684

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of March 31, 2020	Consumer LHFI
Other loans secured by real estate:
Secured by 1-4 family residential properties
Current	$	42,174	$	253,904	$	251,953	$	128,603	$	140,848	$	431,984	$	—	$	1,249,466
Past due 30-89 days		—		271		2,649		123		—		1,803		—		4,846
Past due 90 days or more		—		96		148		—		—		61		—		305
Nonaccrual		—		630		2,252		788		249		8,548		—		12,467
Total		42,174		254,901		257,002		129,514		141,097		442,396		—		1,267,084

Consumer loans:
Current	$	23,790	$	53,753	$	25,875	$	10,148	$	2,751	$	1,390	$	53,694	$	171,401
Past due 30-89 days		425		469		313		89		31		9		561		1,897
Past due 90 days or more		21		12		11		—		—		—		252		296
Nonaccrual		—		17		28		27		4		8		—		84
Total		24,236		54,251		26,227		10,264		2,786		1,407		54,507		173,678

Total consumer LHFI	$	76,659	$	378,067	$	315,244	$	148,117	$	148,906	$	468,914	$	439,651	$	1,975,558

Total LHFI	$	590,609	$	2,262,786	$	1,660,237	$	1,039,291	$	982,810	$	1,564,386	$	1,467,801	$	9,567,920

The table below presents LHFI by loan class and credit quality indicator at December 31, 2019 ($ in thousands):

	December 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		$	1,075,146	$	—	$	15,726	$	42	$	1,090,914
Secured by 1-4 family residential properties			116,592		45		6,355		41		123,033
Secured by nonfarm, nonresidential properties			2,430,761		—		44,001		328		2,475,090
Other real estate secured			721,238		—		2,547		—		723,785
Commercial and industrial loans			1,407,837		909		68,262		888		1,477,896
Consumer loans			—		—		—		—		—
State and other political subdivision loans			957,948		4,650		5,346		—		967,944
Other loans			469,095		3,445		16,926		30		489,496
Total		$	7,178,617	$	9,049	$	159,163	$	1,329	$	7,348,158

	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	$	71,413	$	332	$	—	$	132	$	71,877	$	1,162,791
Secured by 1-4 family residential properties		1,710,930		5,922		211		15,817		1,732,880		1,855,913
Secured by nonfarm, nonresidential properties		155		—		—		—		155		2,475,245
Other real estate secured		695		—		—		—		695		724,480
Commercial and industrial loans		—		—		—		—		—		1,477,896
Consumer loans		172,649		2,588		393		108		175,738		175,738
State and other political subdivision loans		—		—		—		—		—		967,944
Other loans		6,125		—		—		—		6,125		495,621
Total	$	1,961,967	$	8,842	$	604	$	16,057	$	1,987,470	$	9,335,628

Summary of Trustmark's Portfolio Segments, Loan Classes, Loan Pools and the ACL Methodology and Loss Drivers

The following table provides a description of each of Trustmark’s portfolio segments, loan classes, loan pools and the ACL methodology and loss drivers:

Portfolio Segment	Loan Class	Loan Pool	Methodology	Loss Drivers
Loans secured by real estate	Construction, land development and other land	1-4 family residential construction	DCF	Prime Rate, National GDP
		Lots and development	DCF	Prime Rate, Southern Unemployment
		Unimproved land	DCF	Prime Rate, Southern Unemployment
	Other secured by 1-4 family residential properties	Consumer 1-4 family - 1st liens	DCF	Prime Rate, Southern Unemployment
	Secured by nonfarm, nonresidential properties	Nonowner-occupied - hotel/motel	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied - office	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied- Retail	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied - senior living/nursing homes	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied - all other	DCF	Southern Vacancy Rate, Southern Unemployment
	Other real estate secured	Nonresidential nonowner -occupied - apartments	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
Other loans secured by real estate	Other construction	Other construction	WARM	Prime Rate, National Unemployment
	Secured by 1-4 family residential properties	Trustmark mortgage	WARM	Southern Unemployment
Commercial and industrial loans	Commercial and industrial loans	Commercial and industrial - non-working capital	DCF	Trustmark historical data
		Commercial and industrial - working capital	DCF	Trustmark historical data
Consumer loans	Consumer loans	Credit cards	WARM	Trustmark call report data
		Overdrafts	Loss Rate	Trustmark historical data
		All other consumer	DCF	Prime Rate, Southern Unemployment
State and other political subdivision loans	State and other political subdivision loans	Obligations of state and political subdivisions	DCF	Moody's Bond Default Study
Other commercial loans	Other commercial loans	Other loans	DCF	Prime Rate, Southern Unemployment

Change in Allowance for Loan Losses

The following table disaggregates the ACL and the amortized cost basis of the loans by the measurement methodology used at March 31, 2020 ($ in thousands):

	March 31, 2020
	ACL						LHFI
	Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total ACL		Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	—	$	9,079	$	9,079	$	1,804		484,461	$	486,265
Other secured by 1-4 family residential properties		—		11,711		11,711		519		584,462		584,981
Secured by nonfarm, nonresidential properties		—		28,127		28,127		12,054		2,563,368		2,575,422
Other real estate secured		—		5,273		5,273		65		838,508		838,573
Other loans secured by real estate:
Other construction		—		7,711		7,711		—		650,124		650,124
Secured by 1-4 family residential properties		—		8,042		8,042		1,504		1,265,580		1,267,084
Commercial and industrial loans		26		14,538		14,564		19,067		1,457,710		1,476,777
Consumer loans		—		6,596		6,596		—		173,678		173,678
State and other political subdivision loans		1,809		1,632		3,441		4,079		934,558		938,637
Other commercial loans		518		5,502		6,020		748		575,631		576,379
Total	$	2,353	$	98,211	$	100,564	$	39,840	$	9,528,080	$	9,567,920

The following table disaggregates the allowance for loan losses and LHFI balances by the impairment evaluation methodology used at December 31, 2019 ($ in thousands):

	December 31, 2019
	Allowance for Loan Losses						LHFI
	Individually Evaluated		Collectively Evaluated		Total		Individually Evaluated		Collectively Evaluated		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	8,260	$	8,260	$	626	$	1,162,165	$	1,162,791
Secured by 1-4 family residential properties		35		8,897		8,932		5,464		1,850,449		1,855,913
Secured by nonfarm, nonresidential properties		2,355		23,803		26,158		6,717		2,468,528		2,475,245
Other real estate secured		—		4,024		4,024		68		724,412		724,480
Commercial and industrial loans		707		25,285		25,992		23,458		1,454,438		1,477,896
Consumer loans		—		3,379		3,379		21		175,717		175,738
State and other political subdivision loans		1,809		420		2,229		4,079		963,865		967,944
Other loans		553		4,750		5,303		784		494,837		495,621
Total	$	5,459	$	78,818	$	84,277	$	41,217	$	9,294,411	$	9,335,628

Changes in the ACL were as follows for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2020			2019
Balance at beginning of period	$	84,277		$	79,290
FASB ASU 2016-13 adoption adjustments:
LHFI		(3,039	)		—
Allowance for loan losses, acquired loans transfer		815			—
Acquired loans ACL adjustment		1,007			—
Loans charged-off		(5,545	)		(4,033	)
Recoveries		2,468			2,137
Net (charge-offs) recoveries		(3,077	)		(1,896	)
PCL		20,581			1,611
Balance at end of period	$	100,564		$	79,005

The following table details changes in the ACL by loan class for the period presented ($ in thousands):

	2020
	Balance January 1,		FASB ASU 2016-13 Adoption Adjustment			Charge-offs			Recoveries		PCL			Balance March 31,
Loans secured by real estate:
Construction, land development and other land	$	6,371	$	(188	)	$	—		$	94	$	2,802		$	9,079
Other secured by 1-4 family residential properties		5,888		4,188			(64	)		63		1,636			11,711
Secured by nonfarm, nonresidential properties		26,158		(8,179	)		(2,448	)		61		12,535			28,127
Other real estate secured		4,024		(765	)		(8	)		6		2,016			5,273
Other loans secured by real estate:
Other construction		1,889		3,202			—			19		2,601			7,711
Secured by 1-4 family residential properties		3,044		2,891			(19	)		93		2,033			8,042
Commercial and industrial loans		25,992		(8,964	)		(982	)		542		(2,024	)		14,564
Consumer loans		3,379		2,059			(690	)		473		1,375			6,596
State and other political subdivision loans		2,229		2,455			—			—		(1,243	)		3,441
Other commercial loans		5,303		2,084			(1,334	)		1,117		(1,150	)		6,020
Total	$	84,277	$	(1,217	)	$	(5,545	)	$	2,468	$	20,581		$	100,564

The following table details changes in the allowance for loan losses, LHFI by loan class for the period presented ($ 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 loans	$	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	$	79,290	$	(4,033	)	$	2,137	$	1,611		$	79,005