XML 57 R30.htm IDEA: XBRL DOCUMENT v3.19.3
Loans (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Loans
Loans were as follows:
 
September 30,
2019
 
Percentage
of Total
 
December 31,
2018
 
Percentage
of Total
Commercial and industrial
$
5,179,780

 
35.4
%
 
$
5,111,957

 
36.3
%
Energy:
 
 
 
 
 
 
 
Production
1,282,180

 
8.7

 
1,309,314

 
9.3

Service
189,350

 
1.3

 
168,775

 
1.2

Other
75,388

 
0.5

 
124,509

 
0.9

Total energy
1,546,918

 
10.5

 
1,602,598

 
11.4

Commercial real estate:
 
 
 
 
 
 
 
Commercial mortgages
4,555,171

 
31.1

 
4,121,966

 
29.2

Construction
1,370,206

 
9.4

 
1,267,717

 
9.0

Land
290,706

 
2.0

 
306,755

 
2.2

Total commercial real estate
6,216,083

 
42.5

 
5,696,438

 
40.4

Consumer real estate:
 
 
 
 
 
 
 
Home equity loans
363,224

 
2.5

 
353,924

 
2.5

Home equity lines of credit
350,461

 
2.4

 
337,168

 
2.4

Other
458,618

 
3.1

 
427,898

 
3.0

Total consumer real estate
1,172,303

 
8.0

 
1,118,990

 
7.9

Total real estate
7,388,386

 
50.5

 
6,815,428

 
48.3

Consumer and other
519,844

 
3.6

 
569,750

 
4.0

Total loans
$
14,634,928

 
100.0
%
 
$
14,099,733

 
100.0
%
Non-Accrual Loans, Segregated by Class of Loans Non-accrual loans, segregated by class of loans, were as follows:
 
September 30,
2019
 
December 31,
2018
Commercial and industrial
$
13,929

 
$
9,239

Energy
70,883

 
46,932

Commercial real estate:
 
 
 
Buildings, land and other
9,240

 
15,268

Construction
697

 
—

Consumer real estate
527

 
892

Consumer and other
2,170

 
1,408

Total
$
97,446

 
$
73,739
Age Analysis of Past Due Loans, Segregated by Class of Loans
An age analysis of past due loans (including both accruing and non-accruing loans), segregated by class of loans, as of September 30, 2019 was as follows:
 
Loans
30-89 Days
Past Due
 
Loans
90 or More
Days
Past Due
 
Total
Past Due
Loans
 
Current
Loans
 
Total
Loans
 
Accruing
Loans 90 or
More Days
Past Due
Commercial and industrial
$
39,540

 
$
13,622

 
$
53,162

 
$
5,126,618

 
$
5,179,780

 
$
3,574

Energy
3,350

 
21,836

 
25,186

 
1,521,732

 
1,546,918

 
530

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Buildings, land and other
29,147

 
8,279

 
37,426

 
4,808,451

 
4,845,877

 
6,513

Construction
1,412

 
1,471

 
2,883

 
1,367,323

 
1,370,206

 
774

Consumer real estate
8,305

 
2,443

 
10,748

 
1,161,555

 
1,172,303

 
2,150

Consumer and other
7,815

 
2,419

 
10,234

 
509,610

 
519,844

 
855

Total
$
89,569

 
$
50,070

 
$
139,639

 
$
14,495,289

 
$
14,634,928

 
$
14,396
Impaired Loans Impaired loans are set forth in the following table. No interest income was recognized on impaired loans subsequent to their classification as impaired.
 
Unpaid Contractual
Principal
Balance
 
Recorded Investment
With No
Allowance
 
Recorded Investment
With
Allowance
 
Total
Recorded
Investment
 
Related
Allowance
September 30, 2019
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
15,020

 
$
4,874

 
$
7,280

 
$
12,154

 
$
5,785

Energy
88,531

 
4,777

 
65,800

 
70,577

 
19,722

Commercial real estate:
 
 
 
 
 
 

 
 
Buildings, land and other
9,553

 
3,864

 
5,015

 
8,879

 
1,483

Construction
697

 
697

 
—

 
697

 
—

Consumer real estate
293

 
293

 
—

 
293

 
—

Consumer and other
2,171

 
—

 
2,170

 
2,170

 
2,170

Total
$
116,265

 
$
14,505

 
$
80,265

 
$
94,770

 
$
29,160

December 31, 2018
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
9,094

 
$
2,842

 
$
4,287

 
$
7,129

 
$
2,558

Energy
67,900

 
6,817

 
39,890

 
46,707

 
9,671

Commercial real estate:
 
 
 
 
 
 
 
 
 
Buildings, land and other
15,774

 
2,168

 
12,517

 
14,685

 
2,599

Construction
—

 
—

 
—

 
—

 
—

Consumer real estate
293

 
293

 
—

 
293

 
—

Consumer and other
1,475

 
—

 
1,407

 
1,407

 
1,407

Total
$
94,536

 
$
12,120

 
$
58,101

 
$
70,221

 
$
16,235
Average Recorded Investment In Impaired Loans
The average recorded investment in impaired loans was as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019

2018
Commercial and industrial
$
14,438

 
$
13,447

 
$
12,552

 
$
21,025

Energy
55,195

 
78,772

 
50,642

 
82,640

Commercial real estate:
 
 
 
 
 
 
 
Buildings, land and other
9,418

 
14,306

 
14,961

 
12,328

Construction
349

 
—

 
277

 
—

Consumer real estate
293

 
671

 
541

 
807

Consumer and other
1,795

 
1,073

 
1,605

 
805

Total
$
81,488

 
$
108,269

 
$
80,578

 
$
117,605
Troubled Debt Restructurings Troubled debt restructurings during the nine months ended September 30, 2019 and September 30, 2018 are set forth in the following table.
 
Nine Months Ended 
 September 30, 2019
 
Nine Months Ended 
 September 30, 2018
 
Balance at
Restructure
 
Balance at
Period-End
 
Balance at
Restructure
 
Balance at
Period-End
Commercial and industrial
$
3,845

 
$
2,188

 
$
2,203

 
$
—

Energy
—

 
—

 
13,708

 
—

Commercial real estate:
 
 
 
 
 
 
 
Buildings, land and other
9,456

 
9,494

 
—

 
—

Consumer real estate
124

 
123

 
—

 
—

 
$
13,425

 
$
11,805

 
$
15,911

 
$
—
Restructured Loans Past Due in Excess of 90 Days on Financing Receivables
Additional information related to restructured loans as of or for the three months ended September 30, 2019 and September 30, 2018 is set forth in the following table.
 
September 30, 2019
 
September 30, 2018
Restructured loans past due in excess of 90 days at period-end:
 
 
 
Number of loans
4

 
—

Dollar amount of loans
$
3,244

 
$
—

Restructured loans on non-accrual status at period end
5,645

 
—

Charge-offs of restructured loans:
 
 
 
Recognized in connection with restructuring
1,500

 
—

Recognized on previously restructured loans
—

 
4,650

Proceeds from sale of restructured loans
—

 
15,750
Weighted Average Risk Grades for All Commercial Loans by Class
The following tables present weighted-average risk grades for all commercial loans by class.
 
September 30, 2019
 
December 31, 2018
 
Weighted
Average
Risk Grade
 
Loans
 
Weighted
Average
Risk Grade
 
Loans
Commercial and industrial:
 
 
 
 
 
 
 
Risk grades 1-8
6.19

 
$
4,856,712

 
6.12

 
$
4,862,275

Risk grade 9
9.00

 
165,195

 
9.00

 
112,431

Risk grade 10
10.00

 
75,276

 
10.00

 
58,328

Risk grade 11
11.00

 
68,668

 
11.00

 
69,684

Risk grade 12
12.00

 
8,144

 
12.00

 
6,681

Risk grade 13
13.00

 
5,785

 
13.00

 
2,558

Total
6.42

 
$
5,179,780

 
6.30

 
$
5,111,957

Energy
 
 
 
 
 
 
 
Risk grades 1-8
5.85

 
$
1,379,566

 
5.76

 
$
1,451,673

Risk grade 9
9.00

 
80,170

 
9.00

 
35,565

Risk grade 10
10.00

 
1,105

 
10.00

 
43,001

Risk grade 11
11.00

 
15,194

 
11.00

 
25,427

Risk grade 12
12.00

 
51,161

 
12.00

 
37,261

Risk grade 13
13.00

 
19,722

 
13.00

 
9,671

Total
6.36

 
$
1,546,918

 
6.22

 
$
1,602,598

Commercial real estate:
 
 

 
 
 
 
Buildings, land and other
 
 
 
 
 
 
 
Risk grades 1-8
6.78

 
$
4,528,963

 
6.76

 
$
4,143,264

Risk grade 9
9.00

 
117,739

 
9.00

 
109,660

Risk grade 10
10.00

 
97,083

 
10.00

 
62,353

Risk grade 11
11.00

 
92,852

 
11.00

 
98,176

Risk grade 12
12.00

 
7,757

 
12.00

 
12,669

Risk grade 13
13.00

 
1,483

 
13.00

 
2,599

Total
6.99

 
$
4,845,877

 
6.98

 
$
4,428,721

Construction
 
 
 
 
 
 
 
Risk grades 1-8
7.19

 
$
1,314,076

 
7.13

 
$
1,177,260

Risk grade 9
9.00

 
31,506

 
9.00

 
60,754

Risk grade 10
10.00

 
21,686

 
10.00

 
24,877

Risk grade 11
11.00

 
2,241

 
11.00

 
4,826

Risk grade 12
12.00

 
697

 
12.00

 
—

Risk grade 13
13.00

 
—

 
13.00

 
—

Total
7.28

 
$
1,370,206

 
7.29

 
$
1,267,717
Net (Charge-Offs)/Recoveries, Segregated by Class of Loans
Net (charge-offs)/recoveries, segregated by class of loans, were as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
Commercial and industrial
$
(1,520
)
 
$
(7,807
)
 
$
(5,912
)
 
$
(19,030
)
Energy
(1,260
)
 
(5,347
)
 
(3,184
)
 
(10,272
)
Commercial real estate:
 
 
 
 
 
 
 
Buildings, land and other
38

 
33

 
(466
)
 
(288
)
Construction
8

 
3

 
14

 
11

Consumer real estate
(103
)
 
(388
)
 
(2,078
)
 
(1,078
)
Consumer and other
(3,534
)
 
(1,792
)
 
(9,351
)
 
(4,975
)
Total
$
(6,371
)
 
$
(15,298
)
 
$
(20,977
)
 
$
(35,632
)
Unallocated Portion of Allowance for Loan Losses
The following table presents details of the allowance for loan losses allocated to each portfolio segment as of September 30, 2019 and December 31, 2018 and detailed on the basis of the impairment evaluation methodology we used:
 
Commercial
and
Industrial
 
Energy
 
Commercial
Real Estate
 
Consumer
Real Estate
 
Consumer
and Other
 
Total
September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Historical valuation allowances
$
28,872

 
$
7,422

 
$
22,051

 
$
2,641

 
$
7,545

 
$
68,531

Specific valuation allowances
5,785

 
19,722

 
1,483

 
—

 
2,170

 
29,160

General valuation allowances
10,866

 
4,120

 
4,349

 
1,172

 
(325
)
 
20,182

Macroeconomic valuation allowances
7,144

 
2,082

 
7,470

 
1,071

 
919

 
18,686

Total
$
52,667

 
$
33,346

 
$
35,353

 
$
4,884

 
$
10,309

 
$
136,559

Allocated to loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
5,785

 
$
19,722

 
$
1,483

 
$
—

 
$
2,170

 
$
29,160

Collectively evaluated
46,882

 
13,624

 
33,870

 
4,884

 
8,139

 
107,399

Total
$
52,667

 
$
33,346

 
$
35,353

 
$
4,884

 
$
10,309

 
$
136,559

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Historical valuation allowances
$
25,351

 
$
9,697

 
$
20,817

 
$
2,688

 
$
6,845

 
$
65,398

Specific valuation allowances
2,558

 
9,671

 
2,599

 
—

 
1,407

 
16,235

General valuation allowances
10,062

 
6,014

 
4,366

 
1,671

 
(13
)
 
22,100

Macroeconomic valuation allowances
10,609

 
3,670

 
10,995

 
1,744

 
1,381

 
28,399

Total
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132

Allocated to loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
2,558

 
$
9,671

 
$
2,599

 
$
—

 
$
1,407

 
$
16,235

Collectively evaluated
46,022

 
19,381

 
36,178

 
6,103

 
8,213

 
115,897

Total
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132
Investment in Loans Related to Allowance for Loan Losses by Portfolio Segment Disaggregated Based on Impairment Methodology
Our recorded investment in loans as of September 30, 2019 and December 31, 2018 related to each balance in the allowance for loan losses by portfolio segment and detailed on the basis of the impairment methodology we used was as follows:
 
Commercial
and
Industrial
 
Energy
 
Commercial
Real Estate
 
Consumer
Real Estate
 
Consumer
and Other
 
Total
September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
12,154

 
$
70,577

 
$
9,576

 
$
293

 
$
2,170

 
$
94,770

Collectively evaluated
5,167,626

 
1,476,341

 
6,206,507

 
1,172,010

 
517,674

 
14,540,158

Total
$
5,179,780

 
$
1,546,918

 
$
6,216,083

 
$
1,172,303

 
$
519,844

 
$
14,634,928

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
7,129

 
$
46,707

 
$
14,685

 
$
293

 
$
1,407

 
$
70,221

Collectively evaluated
5,104,828

 
1,555,891

 
5,681,753

 
1,118,697

 
568,343

 
14,029,512

Total
$
5,111,957

 
$
1,602,598

 
$
5,696,438

 
$
1,118,990

 
$
569,750

 
$
14,099,733
Activity in Allowance for Loan Losses by Portfolio Segment
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2019 and 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
 
Commercial
and
Industrial
 
Energy
 
Commercial
Real Estate
 
Consumer
Real Estate
 
Consumer
and Other
 
Total
Three months ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
57,714

 
$
25,818

 
$
35,914

 
$
5,637

 
$
9,846

 
$
134,929

Provision for loan losses
(3,527
)
 
8,788

 
(607
)
 
(650
)
 
3,997

 
8,001

Charge-offs
(2,705
)
 
(2,000
)
 
—

 
(557
)
 
(6,357
)
 
(11,619
)
Recoveries
1,185

 
740

 
46

 
454

 
2,823

 
5,248

Net charge-offs
(1,520
)
 
(1,260
)
 
46

 
(103
)
 
(3,534
)
 
(6,371
)
Ending balance
$
52,667

 
$
33,346

 
$
35,353

 
$
4,884

 
$
10,309

 
$
136,559

September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
57,713

 
$
37,313

 
$
38,918

 
$
6,336

 
$
9,946

 
$
150,226

Provision for loan losses
1,085

 
(521
)
 
250

 
246

 
1,590

 
2,650

Charge-offs
(8,491
)
 
(5,400
)
 
—

 
(431
)
 
(4,274
)
 
(18,596
)
Recoveries
684

 
53

 
36

 
43

 
2,482

 
3,298

Net charge-offs
(7,807
)
 
(5,347
)
 
36

 
(388
)
 
(1,792
)
 
(15,298
)
Ending balance
$
50,991

 
$
31,445

 
$
39,204

 
$
6,194

 
$
9,744

 
$
137,578

 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132

Provision for loan losses
9,999

 
7,478

 
(2,972
)
 
859

 
10,040

 
25,404

Charge-offs
(8,782
)
 
(4,000
)
 
(617
)
 
(2,936
)
 
(17,157
)
 
(33,492
)
Recoveries
2,870

 
816

 
165

 
858

 
7,806

 
12,515

Net charge-offs
(5,912
)
 
(3,184
)
 
(452
)
 
(2,078
)
 
(9,351
)
 
(20,977
)
Ending balance
$
52,667

 
$
33,346

 
$
35,353

 
$
4,884

 
$
10,309

 
$
136,559

September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
59,614

 
$
51,528

 
$
30,948

 
$
5,657

 
$
7,617

 
$
155,364

Provision for loan losses
10,407

 
(9,811
)
 
8,533

 
1,615

 
7,102

 
17,846

Charge-offs
(21,896
)
 
(10,939
)
 
(619
)
 
(1,632
)
 
(12,240
)
 
(47,326
)
Recoveries
2,866

 
667

 
342

 
554

 
7,265

 
11,694

Net charge-offs
(19,030
)
 
(10,272
)
 
(277
)
 
(1,078
)
 
(4,975
)
 
(35,632
)
Ending balance
$
50,991

 
$
31,445

 
$
39,204

 
$
6,194

 
$
9,744

 
$
137,578