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

6 Months Ended

Jun. 30, 2021

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

At June 30, 2021 and December 31, 2020, LHFI consisted of the following ($ in thousands):

	June 30, 2021		December 31, 2020
Loans secured by real estate:
Construction, land development and other land	$	532,637	$	514,056
Other secured by 1-4 family residential properties		507,733		524,732
Secured by nonfarm, nonresidential properties		2,819,662		2,709,026
Other real estate secured		1,078,622		1,065,964
Other loans secured by real estate:
Other construction		827,665		794,983
Secured by 1-4 family residential properties		1,302,663		1,216,400
Commercial and industrial loans		1,326,605		1,309,078
Consumer loans		156,075		164,386
State and other political subdivision loans		1,136,764		1,000,776
Other commercial loans		464,443		525,123
LHFI		10,152,869		9,824,524
Less ACL		104,032		117,306
Net LHFI	$	10,048,837	$	9,707,218

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status

The following tables provide the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more still accruing interest at June 30, 2021 and December 31, 2020 ($ in thousands):

	June 30, 2021
	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	$	5,903	$	6,165	$	—
Other secured by 1-4 family residential properties		1,376		3,731		52
Secured by nonfarm, nonresidential properties		11,532		13,563		—
Other real estate secured		57		175		—
Other loans secured by real estate:
Other construction		—		—		—
Secured by 1-4 family residential properties		—		12,222		255
Commercial and industrial loans		3,078		6,042		—
Consumer loans		—		53		116
State and other political subdivision loans		—		3,854		—
Other commercial loans		77		5,643		—
Total	$	22,023	$	51,448	$	423

	December 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	$	5,756	$	5,985	$	—
Other secured by 1-4 family residential properties		1,895		4,487		79
Secured by nonfarm, nonresidential properties		12,037		15,197		—
Other real estate secured		60		185		—
Other loans secured by real estate:
Other construction		—		—		—
Secured by 1-4 family residential properties		—		11,807		1,257
Commercial and industrial loans		12,665		15,618		—
Consumer loans		—		86		240
State and other political subdivision loans		—		3,970		—
Other commercial loans		—		5,793		—
Total	$	32,413	$	63,128	$	1,576

Aging Analysis of Past Due LHFI by Loan Type

The following tables provide an aging analysis of the amortized cost basis of past due LHFI at June 30, 2021 and December 31, 2020 ($ in thousands):

	June 30, 2021
	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	$	352	$	5,583	$	196	$	6,131	$	526,506	$	532,637
Other secured by 1-4 family residential properties		1,160		538		803		2,501		505,232		507,733
Secured by nonfarm, nonresidential properties		422		23		693		1,138		2,818,524		2,819,662
Other real estate secured		63		—		107		170		1,078,452		1,078,622
Other loans secured by real estate:
Other construction		—		—		—		—		827,665		827,665
Secured by 1-4 family residential properties		2,230		1,061		5,816		9,107		1,293,556		1,302,663
Commercial and industrial loans		291		65		3,797		4,153		1,322,452		1,326,605
Consumer loans		767		87		116		970		155,105		156,075
State and other political subdivision loans		—		—		177		177		1,136,587		1,136,764
Other commercial loans		400		73		5,086		5,559		458,884		464,443
Total	$	5,685	$	7,430	$	16,791	$	29,906	$	10,122,963	$	10,152,869

	December 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	$	339	$	34	$	161	$	534	$	513,522	$	514,056
Other secured by 1-4 family residential properties		1,505		523		896		2,924		521,808		524,732
Secured by nonfarm, nonresidential properties		920		—		972		1,892		2,707,134		2,709,026
Other real estate secured		103		101		107		311		1,065,653		1,065,964
Other loans secured by real estate:
Other construction		—		—		—		—		794,983		794,983
Secured by 1-4 family residential properties		3,291		1,289		5,110		9,690		1,206,710		1,216,400
Commercial and industrial loans		271		196		1,543		2,010		1,307,068		1,309,078
Consumer loans		926		190		240		1,356		163,030		164,386
State and other political subdivision loans		117		—		177		294		1,000,482		1,000,776
Other commercial loans		2,143		2,971		346		5,460		519,663		525,123
Total	$	9,615	$	5,304	$	9,552	$	24,471	$	9,800,053	$	9,824,524

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 June 30,
	2021						2020
	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:
Construction, land development and other land		5	$	5,582	$	5,582		—	$	—	$	—
Other secured by 1-4 family residential properties		3		37		37		3		206		210
Secured by nonfarm, nonresidential properties		1		377		377		1		139		139
Other loans secured by real estate:
Secured by 1-4 family residential properties		1		123		123		—		—		—
Commercial and industrial loans		1		1,000		1,000		—		—		—
Consumer loans		—		—		—		2		6		6
State and other political subdivision loans		—		—		—		2		3,902		3,872
Other commercial loans		2		4,929		4,929		—		—		—
Total		13	$	12,048	$	12,048		8	$	4,253	$	4,227

	Six Months Ended June 30,
	2021						2020
	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:
Construction, land development and other land		5		5,582		5,582		—	$	—	$	—
Other secured by 1-4 family residential properties		3		37		37		8		707		711
Secured by nonfarm, nonresidential properties		1		377		377		1		139		139
Other loans secured by real estate:
Secured by 1-4 family residential properties		3		249		249		—		—		—
Commercial and industrial loans		2		1,014		1,014		2		1,582		1,582
Consumer loans		—		—		—		6		26		26
State and other political subdivision loans		—		—		—		2		3,902		3,872
Other commercial loans		2		4,929		4,929		—		—		—
Total		16	$	12,188	$	12,188		19	$	6,356	$	6,330

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):

	Six Months Ended June 30,
	2021				2020
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Loans secured by real estate:
Other secured by 1-4 family residential properties		—	$	—		3	$	420
Secured by nonfarm, nonresidential properties		—		—		1		139
Other loans secured by real estate:
Secured by 1-4 family residential properties		1		78		—		—
Commercial and industrial loans		—		—		1		82
Other commercial loans		2		4,929		—		—
Total		3	$	5,007		5	$	641

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

The following tables detail LHFI classified as TDRs by loan class at June 30, 2021 and 2020 ($ in thousands):

	June 30, 2021
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	5,593	$	5,593
Other secured by 1-4 family residential properties		—		1,160		1,160
Secured by nonfarm, nonresidential properties		—		3,090		3,090
Other loans secured by real estate:
Secured by 1-4 family residential properties		52		2,414		2,466
Commercial and industrial loans		2,500		1,608		4,108
Consumer loans		—		12		12
State and other political subdivision loans		—		3,677		3,677
Other commercial loans		—		5,009		5,009
Total TDRs	$	2,552	$	22,563	$	25,115

	June 30, 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		71		3,761		3,832
Secured by nonfarm, nonresidential properties		—		3,010		3,010
Commercial and industrial loans		1,500		14,487		15,987
Consumer loans		18		21		39
State and other political subdivision loans		—		3,872		3,872
Other commercial loans		—		125		125
Total TDRs	$	1,589	$	25,290	$	26,879

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 June 30, 2021 and December 31, 2020 ($ in thousands):

	June 30, 2021
	Real Estate		Equipment and Machinery		Inventory and Receivables		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and other land	$	5,903	$	—	$	—	$	—	$	—	$	5,903
Other secured by 1-4 family residential properties		—		—		—		—		—		—
Secured by nonfarm, nonresidential properties		11,763		—		—		—		—		11,763
Other real estate secured		57		—		—		—		—		57
Other loans secured by real estate:
Other construction		—		—		—		—		—		—
Secured by 1-4 family residential properties		1,376		—		—		—		—		1,376
Commercial and industrial loans		43		72		4,285		74		—		4,474
Consumer loans		—		—		—		—		—		—
State and other political subdivision loans		3,854		—		—		—		—		3,854
Other commercial loans		365		—		2,031		4		3,051		5,451
Total	$	23,361	$	72	$	6,316	$	78	$	3,051	$	32,878

	December 31, 2020
	Real Estate		Equipment and Machinery		Inventory and Receivables		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and other land	$	5,756	$	—	$	—	$	—	$	—	$	5,756
Other secured by 1-4 family residential properties		454		—		—		—		—		454
Secured by nonfarm, nonresidential properties		12,037		—		—		—		—		12,037
Other real estate secured		60		—		—		—		—		60
Other loans secured by real estate:
Other construction		—		—		—		—		—		—
Secured by 1-4 family residential properties		1,441		—		—		—		—		1,441
Commercial and industrial loans		86		425		4,899		135		8,531		14,076
Consumer loans		—		—		—		—		—		—
State and other political subdivision loans		3,970		—		—		—		—		3,970
Other commercial loans		606		—		1,958		—		3,051		5,615
Total	$	24,410	$	425	$	6,857	$	135	$	11,582	$	43,409

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 analyses performed at June 30, 2021 and December 31, 2020 ($ in thousands):

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of June 30, 2021	Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6	$	188,112	$	163,334	$	36,863	$	15,430	$	1,880	$	5,231	$	33,860	$	444,710
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		2,538		15		3,461		44		12		112		—		6,182
Doubtful - RR 9		—		—		—		—		—		42		—		42
Total		190,650		163,349		40,324		15,474		1,892		5,385		33,860		450,934

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6	$	20,192	$	28,659	$	15,975	$	12,834	$	7,585	$	8,108	$	7,366	$	100,719
Special Mention - RR 7		143		181		—		47		—		—		—		371
Substandard - RR 8		649		432		7		181		157		676		—		2,102
Doubtful - RR 9		—		25		—		—		—		—		—		25
Total		20,984		29,297		15,982		13,062		7,742		8,784		7,366		103,217

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6	$	281,444	$	635,065	$	590,473	$	445,938	$	241,109	$	404,951	$	79,715	$	2,678,695
Special Mention - RR 7		10,324		9,729		1,445		1,683		1,640		4,874		—		29,695
Substandard - RR 8		14,553		2,787		24,746		4,211		3,747		59,278		1,508		110,830
Doubtful - RR 9		48		—		150		—		—		206		—		404
Total		306,369		647,581		616,814		451,832		246,496		469,309		81,223		2,819,624

Other real estate secured:
Pass - RR 1 through RR 6	$	139,687	$	90,717	$	451,580	$	256,369	$	33,260	$	79,188	$	12,611	$	1,063,412
Special Mention - RR 7		—		—		—		—		—		808		—		808
Substandard - RR 8		3,836		9,999		—		12		—		179		—		14,026
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		143,523		100,716		451,580		256,381		33,260		80,175		12,611		1,078,246

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of June 30, 2021	Commercial LHFI
Other loans secured by real estate:
Other construction:
Pass - RR 1 through RR 6	$	178,219	$	389,105	$	231,297	$	19,166	$	—	$	—	$	8,505	$	826,292
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		1,373		—		—		—		—		—		—		1,373
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		179,592		389,105		231,297		19,166		—		—		8,505		827,665

Commercial and industrial loans:
Pass - RR 1 through RR 6	$	277,330	$	304,664	$	140,848	$	43,836	$	57,941	$	77,328	$	367,148	$	1,269,095
Special Mention - RR 7		1,032		385		212		715		97		—		678		3,119
Substandard - RR 8		6,640		6,032		1,799		1,472		3,589		3,251		31,294		54,077
Doubtful - RR 9		1		134		43		111		—		25		—		314
Total		285,003		311,215		142,902		46,134		61,627		80,604		399,120		1,326,605

State and other political subdivision loans:
Pass - RR 1 through RR 6	$	232,696	$	193,403	$	92,035	$	36,643	$	100,328	$	466,386	$	8,069	$	1,129,560
Special Mention - RR 7		—		—		—		—		—		3,350		—		3,350
Substandard - RR 8		—		—		—		—		—		3,854		—		3,854
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		232,696		193,403		92,035		36,643		100,328		473,590		8,069		1,136,764

Other commercial loans:
Pass - RR 1 through RR 6	$	53,866	$	53,529	$	69,767	$	15,147	$	8,607	$	62,018	$	176,553	$	439,487
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		—		7,235		2,113		415		—		316		14,804		24,883
Doubtful - RR 9		—		50		—		—		—		23		—		73
Total		53,866		60,814		71,880		15,562		8,607		62,357		191,357		464,443

Total commercial LHFI	$	1,412,683	$	1,895,480	$	1,662,814	$	854,254	$	459,952	$	1,180,204	$	742,111	$	8,207,498

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of June 30, 2021	Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current	$	17,103	$	43,274	$	11,951	$	4,272	$	1,092	$	3,183	$	451	$	81,326
Past due 30-89 days		—		—		162		19		—		65		—		246
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		131		—		131
Total		17,103		43,274		12,113		4,291		1,092		3,379		451		81,703

Other secured by 1-4 family residential properties:
Current	$	16,240	$	13,834	$	7,724	$	7,426	$	3,730	$	10,239	$	341,240	$	400,433
Past due 30-89 days		—		42		112		—		—		88		548		790
Past due 90 days or more		—		—		32		—		—		—		21		53
Nonaccrual		14		61		15		11		412		371		2,356		3,240
Total		16,254		13,937		7,883		7,437		4,142		10,698		344,165		404,516

Secured by nonfarm, nonresidential properties:
Current	$	35	$	—	$	—	$	—	$	3	$	—	$	—	$	38
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		35		—		—		—		3		—		—		38

Other real estate secured:
Current	$	—	$	102	$	—	$	9	$	34	$	231	$	—	$	376
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		—		102		—		9		34		231		—		376

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of June 30, 2021	Consumer LHFI
Other loans secured by real estate:
Secured by 1-4 family residential properties
Current	$	308,154	$	258,410	$	167,332	$	133,808	$	73,300	$	346,774	$	—	$	1,287,778
Past due 30-89 days		—		701		186		174		121		1,229		—		2,411
Past due 90 days or more		—		253		—		—		—		2		—		255
Nonaccrual		—		1,203		896		2,110		861		7,149		—		12,219
Total		308,154		260,567		168,414		136,092		74,282		355,154		—		1,302,663

Consumer loans:
Current	$	37,466	$	40,869	$	15,320	$	8,082	$	2,317	$	907	$	50,097	$	155,058
Past due 30-89 days		327		163		52		25		1		1		279		848
Past due 90 days or more		20		—		12		—		—		—		84		116
Nonaccrual		—		5		3		20		10		1		14		53
Total		37,813		41,037		15,387		8,127		2,328		909		50,474		156,075

Total consumer LHFI	$	379,359	$	358,917	$	203,797	$	155,956	$	81,881	$	370,371	$	395,090	$	1,945,371

Total LHFI	$	1,792,042	$	2,254,397	$	1,866,611	$	1,010,210	$	541,833	$	1,550,575	$	1,137,201	$	10,152,869

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of December 31, 2020	Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6	$	287,218	$	62,078	$	26,401	$	4,487	$	3,274	$	3,564	$	28,548	$	415,570
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		5,419		4,363		1,226		12		494		22		101		11,637
Doubtful - RR 9		—		—		—		—		—		42		—		42
Total		292,637		66,441		27,627		4,499		3,768		3,628		28,649		427,249

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6	$	35,139	$	19,596	$	15,399	$	9,605	$	10,273	$	4,786	$	8,486	$	103,284
Special Mention - RR 7		255		—		50		—		—		—		—		305
Substandard - RR 8		1,155		8		914		341		302		337		3,950		7,007
Doubtful - RR 9		29		—		—		—		—		—		—		29
Total		36,578		19,604		16,363		9,946		10,575		5,123		12,436		110,625

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6	$	697,439	$	496,476	$	442,264	$	293,072	$	254,747	$	251,219	$	96,098	$	2,531,315
Special Mention - RR 7		13,452		6,139		2,956		4,466		4,957		20,545		—		52,515
Substandard - RR 8		19,119		20,572		4,516		12,956		38,956		25,438		2,779		124,336
Doubtful - RR 9		52		163		—		—		217		306		—		738
Total		730,062		523,350		449,736		310,494		298,877		297,508		98,877		2,708,904

Other real estate secured:
Pass - RR 1 through RR 6	$	146,803	$	376,765	$	347,472	$	48,626	$	89,824	$	23,680	$	12,116	$	1,045,286
Special Mention - RR 7		—		—		—		—		—		841		—		841
Substandard - RR 8		18,649		14		18		—		556		122		—		19,359
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		165,452		376,779		347,490		48,626		90,380		24,643		12,116		1,065,486

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of December 31, 2020	Commercial LHFI
Other loans secured by real estate:
Other construction
Pass - RR 1 through RR 6	$	262,544	$	425,936	$	81,476	$	14,074	$	2,464	$	—	$	7,735	$	794,229
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		754		—		—		—		—		—		—		754
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		263,298		425,936		81,476		14,074		2,464		—		7,735		794,983

Commercial and industrial loans:
Pass - RR 1 through RR 6	$	444,304	$	165,163	$	77,611	$	77,985	$	59,131	$	43,214	$	372,486	$	1,239,894
Special Mention - RR 7		677		45		—		—		—		—		240		962
Substandard - RR 8		12,090		1,814		9,737		3,735		2,160		5,024		33,380		67,940
Doubtful - RR 9		151		95		—		—		32		4		—		282
Total		457,222		167,117		87,348		81,720		61,323		48,242		406,106		1,309,078

State and other political subdivision loans:
Pass - RR 1 through RR 6	$	250,363	$	79,595	$	41,334	$	113,817	$	132,634	$	372,831	$	1,446	$	992,020
Special Mention - RR 7		—		—		—		—		—		4,018		—		4,018
Substandard - RR 8		—		—		—		247		—		4,491		—		4,738
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		250,363		79,595		41,334		114,064		132,634		381,340		1,446		1,000,776

Other commercial loans:
Pass - RR 1 through RR 6	$	101,230	$	70,990	$	20,769	$	9,723	$	33,481	$	30,715	$	225,533	$	492,441
Special Mention - RR 7		7,500		—		—		—		—		—		11,333		18,833
Substandard - RR 8		381		2,099		683		6		707		—		9,948		13,824
Doubtful - RR 9		2		—		—		—		—		23		—		25
Total		109,113		73,089		21,452		9,729		34,188		30,738		246,814		525,123

Total commercial LHFI	$	2,304,725	$	1,731,911	$	1,072,826	$	593,152	$	634,209	$	791,222	$	814,179	$	7,942,224

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of December 31, 2020	Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current	$	47,336	$	24,174	$	8,496	$	2,036	$	1,447	$	2,868	$	—	$	86,357
Past due 30-89 days		—		318		20		—		1		12		—		351
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		99		—		99
Total		47,336		24,492		8,516		2,036		1,448		2,979		—		86,807

Other secured by 1-4 family residential properties:
Current	$	20,864	$	10,253	$	12,037	$	4,177	$	2,082	$	11,124	$	348,830	$	409,367
Past due 30-89 days		93		12		—		13		—		133		1,058		1,309
Past due 90 days or more		—		—		—		—		—		30		22		52
Nonaccrual		6		44		121		428		—		382		2,398		3,379
Total		20,963		10,309		12,158		4,618		2,082		11,669		352,308		414,107

Secured by nonfarm, nonresidential properties:
Current	$	109	$	—	$	—	$	4	$	—	$	9	$	—	$	122
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		109		—		—		4		—		9		—		122

Other real estate secured:
Current	$	107	$	—	$	38	$	37	$	96	$	200	$	—	$	478
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		107		—		38		37		96		200		—		478

	Term Loans by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
As of December 31, 2020	Consumer LHFI
Other loans secured by real estate:
Secured by 1-4 family residential properties
Current	$	289,521	$	214,056	$	173,324	$	92,564	$	109,031	$	321,250	$	—	$	1,199,746
Past due 30-89 days		499		93		753		366		1,080		799		—		3,590
Past due 90 days or more		159		214		208		127		—		549		—		1,257
Nonaccrual		283		711		2,024		682		239		7,868		—		11,807
Total		290,462		215,074		176,309		93,739		110,350		330,466		—		1,216,400

Consumer loans:
Current	$	65,370	$	25,303	$	13,140	$	3,893	$	1,257	$	345	$	53,669	$	162,977
Past due 30-89 days		524		158		67		19		7		3		305		1,083
Past due 90 days or more		77		—		4		—		—		—		159		240
Nonaccrual		12		4		55		13		2		—		—		86
Total		65,983		25,465		13,266		3,925		1,266		348		54,133		164,386

Total consumer LHFI	$	424,960	$	275,340	$	210,287	$	104,359	$	115,242	$	345,671	$	406,441	$	1,882,300

Total LHFI	$	2,729,685	$	2,007,251	$	1,283,113	$	697,511	$	749,451	$	1,136,893	$	1,220,620	$	9,824,524

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
		All other consumer	DCF	Southern Unemployment
	Other secured by 1-4 family residential properties	Consumer 1-4 family - 1st liens	DCF	Prime Rate, Southern Unemployment
		All other consumer	DCF	Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
	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
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
	Other real estate secured	Nonresidential nonowner -occupied - apartments	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
		Nonowner-occupied - all other	DCF	Southern Vacancy Rate, Southern Unemployment
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
		Credit cards	WARM	Trustmark call report data
Consumer loans	Consumer loans	Credit cards	WARM	Trustmark call report data
		Overdrafts	Loss Rate	Trustmark historical data
		All other consumer	DCF	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
		Commercial and industrial - non-working capital	DCF	Trustmark historical data
		Commercial and industrial - working capital	DCF	Trustmark historical data

Change in Allowance for Loan Losses

The following tables disaggregate the ACL and the amortized cost basis of the loans by the measurement methodology used at June 30, 2021 and December 31, 2020 ($ in thousands):

	June 30, 2021
	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	$	—	$	5,110	$	5,110	$	5,903		526,734	$	532,637
Other secured by 1-4 family residential properties		—		10,399		10,399		—		507,733		507,733
Secured by nonfarm, nonresidential properties		—		44,416		44,416		11,763		2,807,899		2,819,662
Other real estate secured		—		5,311		5,311		57		1,078,565		1,078,622
Other loans secured by real estate:
Other construction		—		6,530		6,530		—		827,665		827,665
Secured by 1-4 family residential properties		—		2,910		2,910		1,376		1,301,287		1,302,663
Commercial and industrial loans		577		13,396		13,973		4,474		1,322,131		1,326,605
Consumer loans		—		4,876		4,876		—		156,075		156,075
State and other political subdivision loans		1,584		1,649		3,233		3,854		1,132,910		1,136,764
Other commercial loans		2,088		5,186		7,274		5,451		458,992		464,443
Total	$	4,249	$	99,783	$	104,032	$	32,878	$	10,119,991	$	10,152,869

	December 31, 2020
	ACL						LHFI
	Individually Evaluated		Collectively Evaluated		Total		Individually Evaluated		Collectively Evaluated		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	6,854	$	6,854	$	5,756	$	508,300	$	514,056
Other secured by 1-4 family residential properties		—		9,928		9,928		454		524,278		524,732
Secured by nonfarm, nonresidential properties		—		48,523		48,523		12,037		2,696,989		2,709,026
Other real estate secured		—		7,382		7,382		60		1,065,904		1,065,964
Other loans secured by real estate:
Other construction		—		8,158		8,158		—		794,983		794,983
Secured by 1-4 family residential properties		—		5,143		5,143		1,441		1,214,959		1,216,400
Commercial and industrial loans		579		14,272		14,851		14,076		1,295,002		1,309,078
Consumer loans		—		5,838		5,838		—		164,386		164,386
State and other political subdivision loans		1,700		1,490		3,190		3,970		996,806		1,000,776
Other commercial loans		2,100		5,339		7,439		5,615		519,508		525,123
Total	$	4,379	$	112,927	$	117,306	$	43,409	$	9,781,115	$	9,824,524

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Balance at beginning of period	$	109,191		$	100,564		$	117,306		$	84,277
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		(4,828	)		(1,870	)		(6,073	)		(7,415	)
Recoveries		3,660			2,309			7,291			4,777
Net (charge-offs) recoveries		(1,168	)		439			1,218			(2,638	)
PCL		(3,991	)		18,185			(14,492	)		38,766
Balance at end of period	$	104,032		$	119,188		$	104,032		$	119,188

The following tables detail changes in the ACL by loan class for the periods presented ($ in thousands):

	Three Months Ended June 30, 2021
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	5,058	$	—		$	313	$	(261	)	$	5,110
Other secured by 1-4 family residential properties		8,667		(58	)		181		1,609			10,399
Secured by nonfarm, nonresidential properties		46,438		(79	)		1,027		(2,970	)		44,416
Other real estate secured		5,770		—			5		(464	)		5,311
Other loans secured by real estate:
Other construction		5,124		—			43		1,363			6,530
Secured by 1-4 family residential properties		3,753		(4	)		8		(847	)		2,910
Commercial and industrial loans		20,166		(3,674	)		652		(3,171	)		13,973
Consumer loans		4,750		(391	)		387		130			4,876
State and other political subdivision loans		3,015		—			—		218			3,233
Other commercial loans		6,450		(622	)		1,044		402			7,274
Total	$	109,191	$	(4,828	)	$	3,660	$	(3,991	)	$	104,032

The decreases in the PCL for the three months ended June 30, 2021 were primarily due to improvements in the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and South Vacancy Rate and the implementation of the PD and LGD floors.

The PCL for the other construction portfolio and other secured by 1-4 family residential properties increased $1.4 million and $1.6 million, respectively, during the three months ended June 30, 2021 primarily due to the implementation of the PD and LGD floors using Trustmark’s historical experience.

	Three Months Ended June 30, 2020
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	9,079	$	(7	)	$	92	$	2,776		$	11,940
Other secured by 1-4 family residential properties		11,711		(36	)		83		958			12,716
Secured by nonfarm, nonresidential properties		28,127		—			445		7,845			36,417
Other real estate secured		5,273		—			12		2,315			7,600
Other loans secured by real estate:
Other construction		7,711		—			21		3,071			10,803
Secured by 1-4 family residential properties		8,042		—			13		2,844			10,899
Commercial and industrial loans		14,564		(297	)		191		(1,908	)		12,550
Consumer loans		6,596		(671	)		468		4			6,397
State and other political subdivision loans		3,441		—			—		(27	)		3,414
Other commercial loans		6,020		(859	)		984		307			6,452
Total	$	100,564	$	(1,870	)	$	2,309	$	18,185		$	119,188

The increases in the PCL for loans and other loans secured by real estate during the three months ended June 30, 2020 were primarily due to the negative impact of COVID-19 on the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and Southern Vacancy Rate.

The PCL for the commercial and industrial loan portfolio decreased an $1.9 million during the three months ended June 30, 2020 primarily due to upgrades of loans from substandard to pass, paydowns and a slight decrease in the calculated PD and LGD, which uses Trustmark’s historical data.

	Six Months Ended June 30, 2021
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	6,854	$	—		$	1,079	$	(2,823	)	$	5,110
Other secured by 1-4 family residential properties		9,928		(84	)		252		303			10,399
Secured by nonfarm, nonresidential properties		48,523		(79	)		1,057		(5,085	)		44,416
Other real estate secured		7,382		—			11		(2,082	)		5,311
Other loans secured by real estate:
Other construction		8,158		—			44		(1,672	)		6,530
Secured by 1-4 family residential properties		5,143		(4	)		108		(2,337	)		2,910
Commercial and industrial loans		14,851		(3,697	)		1,939		880			13,973
Consumer loans		5,838		(833	)		749		(878	)		4,876
State and other political subdivision loans		3,190		—			—		43			3,233
Other commercial loans		7,439		(1,376	)		2,052		(841	)		7,274
Total	$	117,306	$	(6,073	)	$	7,291	$	(14,492	)	$	104,032

Decreases in the PCL for the first six months of 2021 were primarily due to improvements in the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and Southern Vacancy Rate.

	Six Months Ended June 30, 2020
	Balance at Beginning of Period		FASB ASU 2016-13 Adoption Adjustment			Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	6,371	$	(188	)	$	(7	)	$	186	$	5,578		$	11,940
Other secured by 1-4 family residential properties		5,888		4,188			(100	)		146		2,594			12,716
Secured by nonfarm, nonresidential properties		26,158		(8,179	)		(2,448	)		506		20,380			36,417
Other real estate secured		4,024		(765	)		(8	)		18		4,331			7,600
Other loans secured by real estate:
Other construction		1,889		3,202			—			40		5,672			10,803
Secured by 1-4 family residential properties		3,044		2,891			(19	)		106		4,877			10,899
Commercial and industrial loans		25,992		(8,964	)		(1,279	)		733		(3,932	)		12,550
Consumer loans		3,379		2,059			(1,361	)		941		1,379			6,397
State and other political subdivision loans		2,229		2,455			—			—		(1,270	)		3,414
Other commercial loans		5,303		2,084			(2,193	)		2,101		(843	)		6,452
Total	$	84,277	$	(1,217	)	$	(7,415	)	$	4,777	$	38,766		$	119,188