XML 117 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Loans (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Loans
Year-end loans, including leases net of unearned discounts, consisted of the following:
 
2019
 
2018
Commercial and industrial
$
5,187,466

 
$
5,111,957

Energy:
 
 
 
Production
1,348,900

 
1,309,314

Service
192,996

 
168,775

Other
110,986

 
124,509

Total energy
1,652,882

 
1,602,598

Commercial real estate:
 
 
 
Commercial mortgages
4,594,113

 
4,121,966

Construction
1,312,659

 
1,267,717

Land
289,467

 
306,755

Total commercial real estate
6,196,239

 
5,696,438

Consumer real estate:
 
 
 
Home equity loans
375,596

 
353,924

Home equity lines of credit
354,671

 
337,168

Other
464,146

 
427,898

Total consumer real estate
1,194,413

 
1,118,990

Total real estate
7,390,652

 
6,815,428

Consumer and other
519,332

 
569,750

Total loans
$
14,750,332

 
$
14,099,733
Activities in Related Party Loans Activity in related party loans during 2019 is presented in the following table. Other changes were primarily related to changes in related-party status.
Balance outstanding at December 31, 2018
$
256,056

Principal additions
304,407

Principal reductions
(257,687
)
Other changes
(4,248
)
Balance outstanding at December 31, 2019
$
298,528
Non-Accrual Loans, Segregated by Class of Loans
Year-end non-accrual loans, segregated by class of loans, were as follows:
 
2019
 
2018
Commercial and industrial
$
26,038

 
$
9,239

Energy
65,761

 
46,932

Commercial real estate:
 
 
 
Buildings, land and other
8,912

 
15,268

Construction
665

 
—

Consumer real estate
922

 
892

Consumer and other
5

 
1,408

Total
$
102,303

 
$
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 December 31, 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
$
25,474

 
$
21,268

 
$
46,742

 
$
5,140,724

 
$
5,187,466

 
$
3,430

Energy
6,136

 
62,566

 
68,702

 
1,584,180

 
1,652,882

 
85

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Buildings, land and other
12,384

 
2,725

 
15,109

 
4,868,471

 
4,883,580

 
967

Construction
195

 
1,066

 
1,261

 
1,311,398

 
1,312,659

 
402

Consumer real estate
7,442

 
2,129

 
9,571

 
1,184,842

 
1,194,413

 
1,425

Consumer and other
4,476

 
1,112

 
5,588

 
513,744

 
519,332

 
1,112

Total
$
56,107

 
$
90,866

 
$
146,973

 
$
14,603,359

 
$
14,750,332

 
$
7,421
Impaired Loans
Year-end 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
 
Average
Recorded
Investment
2019
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
30,909

 
$
11,588

 
$
12,772

 
$
24,360

 
$
7,849

 
$
14,913

Energy
87,103

 
2,764

 
62,480

 
65,244

 
20,246

 
53,563

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Buildings, land and other
9,252

 
6,255

 
2,354

 
8,609

 
383

 
13,690

Construction
697

 
665

 
—

 
665

 
—

 
354

Consumer real estate
570

 
570

 
—

 
570

 
—

 
547

Consumer and other
5

 
—

 
5

 
5

 
5

 
1,285

Total
$
128,536

 
$
21,842

 
$
77,611

 
$
99,453

 
$
28,483

 
$
84,352

2018
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
9,094

 
$
2,842

 
$
4,287

 
$
7,129

 
$
2,558

 
$
18,246

Energy
67,900

 
6,817

 
39,890

 
46,707

 
9,671

 
75,453

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

 
2,168

 
12,517

 
14,685

 
2,599

 
12,799

Construction
—

 
—

 
—

 
—

 
—

 
—

Consumer real estate
293

 
293

 
—

 
293

 
—

 
704

Consumer and other
1,475

 
—

 
1,407

 
1,407

 
1,407

 
925

Total
$
94,536

 
$
12,120

 
$
58,101

 
$
70,221

 
$
16,235

 
$
108,127

2017
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
60,781

 
$
28,038

 
$
15,722

 
$
43,760

 
$
7,553

 
$
30,073

Energy
99,606

 
33,080

 
61,162

 
94,242

 
13,267

 
76,492

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Buildings, land and other
10,795

 
6,394

 
—

 
6,394

 
—

 
6,164

Construction
—

 
—

 
—

 
—

 
—

 
—

Consumer real estate
1,214

 
1,214

 
—

 
1,214

 
—

 
1,167

Consumer and other
—

 
—

 
—

 
—

 
—

 
11

Total
$
172,396

 
$
68,726

 
$
76,884

 
$
145,610

 
$
20,820

 
$
113,907
Troubled Debt Restructurings Troubled debt restructurings that occurred during 2019, 2018 and 2017 are set forth in the following table.
 
2019
 
2018
 
2017
Balance at
Restructure
 
Balance at
Year-end
 
Balance at
Restructure
 
Balance at
Year-end
 
Balance at
Restructure
 
Balance at
Year-end
Commercial and industrial
$
3,845

 
$
2,161

 
$
2,203

 
$
—

 
$
4,026

 
$
3,766

Energy
—

 
—

 
13,708

 
—

 
56,096

 
54,330

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Buildings, land and other
9,457

 
9,393

 
—

 
—

 
—

 
—

Construction
—

 
—

 
—

 
—

 
388

 
388

Consumer real estate
124

 
120

 
—

 
—

 
—

 
—

 
$
13,426

 
$
11,674

 
$
15,911

 
$
—

 
$
60,510

 
$
58,484
Restructured Loans Past Due in Excess of 90 Days on Financing Receivables [Table Text Block]
Additional information related to restructured loans was as follows:
 
2019
 
2018
 
2017
Restructured loans past due in excess of 90 days at period-end:
 
 
 
 
 
Number of loans
4

 
—

 
1

Dollar amount of loans
$
3,340

 
$
—

 
$
43,137

Restructured loans on non-accrual status at period end
5,576

 
—

 
53,622

Charge-offs of restructured loans:
 
 
 
 
 
Recognized in connection with restructuring
—

 
—

 
—

Recognized on previously restructured loans
1,500

 
7,650

 
9,951

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.
 
December 31, 2019
 
December 31, 2018
 
Weighted
Average
Risk Grade
 
Loans
 
Weighted
Average
Risk Grade
 
Loans
Commercial and industrial
 
 
 
 
 
 
 
Risk grades 1-8
6.17

 
$
4,788,857

 
6.12

 
$
4,862,275

Risk grade 9
9.00

 
247,212

 
9.00

 
112,431

Risk grade 10
10.00

 
71,472

 
10.00

 
58,328

Risk grade 11
11.00

 
53,887

 
11.00

 
69,684

Risk grade 12
12.00

 
18,189

 
12.00

 
6,681

Risk grade 13
13.00

 
7,849

 
13.00

 
2,558

Total
6.44

 
$
5,187,466

 
6.30

 
$
5,111,957

Energy
 
 
 
 
 
 
 
Risk grades 1-8
5.90

 
$
1,488,301

 
5.76

 
$
1,451,673

Risk grade 9
9.00

 
32,163

 
9.00

 
35,565

Risk grade 10
10.00

 
51,898

 
10.00

 
43,001

Risk grade 11
11.00

 
14,760

 
11.00

 
25,427

Risk grade 12
12.00

 
45,514

 
12.00

 
37,261

Risk grade 13
13.00

 
20,246

 
13.00

 
9,671

Total
6.39

 
$
1,652,882

 
6.22

 
$
1,602,598

Commercial real estate:
 
 
 
 
 
 
 
Buildings, land and other
 
 
 
 
 
 
 
Risk grades 1-8
6.78

 
$
4,523,271

 
6.76

 
$
4,143,264

Risk grade 9
9.00

 
163,714

 
9.00

 
109,660

Risk grade 10
10.00

 
103,626

 
10.00

 
62,353

Risk grade 11
11.00

 
84,057

 
11.00

 
98,176

Risk grade 12
12.00

 
8,529

 
12.00

 
12,669

Risk grade 13
13.00

 
383

 
13.00

 
2,599

Total
7.01

 
$
4,883,580

 
6.98

 
$
4,428,721

Construction
 
 
 
 
 
 
 
Risk grades 1-8
7.25

 
$
1,274,098

 
7.13

 
$
1,177,260

Risk grade 9
9.00

 
21,509

 
9.00

 
60,754

Risk grade 10
10.00

 
15,243

 
10.00

 
24,877

Risk grade 11
11.00

 
1,144

 
11.00

 
4,826

Risk grade 12
12.00

 
665

 
12.00

 
—

Risk grade 13
13.00

 
—

 
13.00

 
—

Total
7.31

 
$
1,312,659

 
7.29

 
$
1,267,717
Net (Charge-Offs)/Recoveries, Segregated by Class of Loans
Net (charge-offs)/recoveries, segregated by class of loan, were as follows:
 
2019
 
2018
 
2017
Commercial and industrial
$
(10,131
)
 
$
(22,388
)
 
$
(17,453
)
Energy
(6,058
)
 
(13,121
)
 
(10,009
)
Commercial real estate:
 
 
 
 
 
Buildings, land and other
(830
)
 
(263
)
 
735

Construction
24

 
13

 
11

Consumer real estate
(2,457
)
 
(1,538
)
 
(506
)
Consumer and other
(14,272
)
 
(7,548
)
 
(5,919
)
Total
$
(33,724
)
 
$
(44,845
)
 
$
(33,141
)
Unallocated Portion of the Allowance for Loan Losses
The following table presents details of the allowance for loan losses, segregated by loan portfolio segment.
 
Commercial
and
Industrial
 
Energy
 
Commercial
Real Estate
 
Consumer
Real Estate
 
Consumer
and Other
 
Total
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Historical valuation allowances
$
29,015

 
$
7,873

 
$
21,947

 
$
2,690

 
$
7,562

 
$
69,087

Specific valuation allowances
7,849

 
20,246

 
383

 
—

 
5

 
28,483

General valuation allowances
9,840

 
5,196

 
4,201

 
904

 
(409
)
 
19,732

Macroeconomic valuation allowances
4,889

 
4,067

 
4,506

 
519

 
884

 
14,865

Total
$
51,593

 
$
37,382

 
$
31,037

 
$
4,113

 
$
8,042

 
$
132,167

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
Investment in Loans Related to the Allowance for Loan Losses by Portfolio Segment Disaggregated Based on Impairment Methodology
Our recorded investment in loans 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
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
24,360

 
$
65,244

 
$
9,274

 
$
570

 
$
5

 
$
99,453

Collectively evaluated
5,163,106

 
1,587,638

 
6,186,965

 
1,193,843

 
519,327

 
14,650,879

Total
$
5,187,466

 
$
1,652,882

 
$
6,196,239

 
$
1,194,413

 
$
519,332

 
$
14,750,332

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 2019, 2018 and 2017. 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
2019
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132

Provision for loan losses
13,144

 
14,388

 
(6,934
)
 
467

 
12,694

 
33,759

Charge-offs
(14,117
)
 
(7,500
)
 
(1,025
)
 
(3,665
)
 
(24,725
)
 
(51,032
)
Recoveries
3,986

 
1,442

 
219

 
1,208

 
10,453

 
17,308

Net charge-offs
(10,131
)
 
(6,058
)
 
(806
)
 
(2,457
)
 
(14,272
)
 
(33,724
)
Ending balance
$
51,593

 
$
37,382

 
$
31,037

 
$
4,113

 
$
8,042

 
$
132,167

Allocated to loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7,849

 
$
20,246

 
$
383

 
$
—

 
$
5

 
$
28,483

Collectively evaluated for impairment
43,744

 
17,136

 
30,654

 
4,113

 
8,037

 
103,684

Ending balance
$
51,593

 
$
37,382

 
$
31,037

 
$
4,113

 
$
8,042

 
$
132,167

2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
59,614

 
$
51,528

 
$
30,948

 
$
5,657

 
$
7,617

 
$
155,364

Provision for loan losses
11,354

 
(9,355
)
 
8,079

 
1,984

 
9,551

 
21,613

Charge-offs
(26,076
)
 
(13,940
)
 
(619
)
 
(2,143
)
 
(17,197
)
 
(59,975
)
Recoveries
3,688

 
819

 
369

 
605

 
9,649

 
15,130

Net charge-offs
(22,388
)
 
(13,121
)
 
(250
)
 
(1,538
)
 
(7,548
)
 
(44,845
)
Ending balance
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132

Allocated to loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
2,558

 
$
9,671

 
$
2,599

 
$
—

 
$
1,407

 
$
16,235

Collectively evaluated for impairment
46,022

 
19,381

 
36,178

 
6,103

 
8,213

 
115,897

Ending balance
$
48,580

 
$
29,052

 
$
38,777

 
$
6,103

 
$
9,620

 
$
132,132

2017
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
52,915

 
$
60,653

 
$
30,213

 
$
4,238

 
$
5,026

 
$
153,045

Provision for loan losses
24,152

 
884

 
(11
)
 
1,925

 
8,510

 
35,460

Charge-offs
(20,619
)
 
(10,595
)
 
(86
)
 
(925
)
 
(15,579
)
 
(47,804
)
Recoveries
3,166

 
586

 
832

 
419

 
9,660

 
14,663

Net charge-offs
(17,453
)
 
(10,009
)
 
746

 
(506
)
 
(5,919
)
 
(33,141
)
Ending balance
$
59,614

 
$
51,528

 
$
30,948

 
$
5,657

 
$
7,617

 
$
155,364

Allocated to loans:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7,553

 
$
13,267

 
$
—

 
$
—

 
$
—

 
$
20,820

Collectively evaluated for impairment
52,061

 
38,261

 
30,948

 
5,657

 
7,617

 
134,544

Ending balance
$
59,614

 
$
51,528

 
$
30,948

 
$
5,657

 
$
7,617

 
$
155,364