NOTE 2 – LOANS AND LEASES

The Company’s loan and lease portfolio is disaggregated into the following segments: commercial and industrial; real estate; credit card; and all other. The real estate segment is further disaggregated into the following classes: consumer mortgages; home equity; agricultural; commercial and industrial-owner occupied; construction, acquisition and development; and commercial real estate. A summary of gross loans and leases by segment and class as of the dates indicated follows:



		September 30,		December 31,
		2016	2015	2015

	(In thousands)

Commercial and industrial		$ 1,619,668	$ 1,715,293	$ 1,752,273
Real estate
Consumer mortgages		2,611,387	2,447,132	2,472,202
Home equity		622,566	573,566	589,752
Agricultural		242,171	252,381	259,360
Commercial and industrial-owner occupied		1,668,477	1,605,811	1,617,429
Construction, acquisition and development		1,121,386	900,875	945,045
Commercial real estate		2,240,717	2,141,398	2,188,048
Credit cards		107,447	109,576	112,165
All other		451,347	507,981	468,052
Gross loans and leases (1)		10,685,166	10,254,013	10,404,326
Less: Unearned income		26,405	34,437	31,548
Net loans and leases		$ 10,658,761	$ 10,219,576	$ 10,372,778

(1)

Gross loans and leases are net of deferred fees and costs of $2.2 million, approximately ($232,000) and ($214,000) at September 30, 2016 and 2015 and December 31, 2015, respectively.

The following table shows the Company’s loans and leases, net of unearned income, as of September 30, 2016 by segment, class and geographical location:



	Alabama
	and Florida
	Panhandle	Arkansas	Louisiana	Mississippi	Missouri	Tennessee	Texas	Other	Total
	(In thousands)
Commercial and industrial	$ 135,467	$ 205,833	$ 184,819	$ 639,204	$ 78,950	$ 116,203	$ 214,287	$ 41,389	$ 1,616,152
Real estate
Consumer mortgages	335,856	325,793	226,092	831,986	84,046	294,218	484,806	28,590	2,611,387
Home equity	96,539	43,963	69,255	227,952	23,328	144,835	14,836	1,858	622,566
Agricultural	7,734	81,798	27,160	67,213	5,032	12,864	40,052	318	242,171
Commercial and industrial-owner occupied	195,572	178,681	200,406	662,735	49,901	140,843	240,339	-	1,668,477
Construction, acquisition and development	127,828	101,148	58,844	353,188	24,535	163,247	292,596	-	1,121,386
Commercial real estate	284,543	356,121	223,016	608,483	199,928	196,105	372,521	-	2,240,717
Credit cards	-	-	-	-	-	-	-	107,447	107,447
All other	70,487	45,925	28,675	174,356	3,562	30,749	55,727	18,977	428,458
Total	$ 1,254,026	$ 1,339,262	$ 1,018,267	$ 3,565,117	$ 469,282	$ 1,099,064	$ 1,715,164	$ 198,579	$ 10,658,761

There are no other loan and lease concentrations which exceed 10% of total loans and leases not already reflected in the preceding tables. A substantial portion of construction, acquisition and development loans are secured by real estate in markets in which the Company is located. The Company’s loan policy generally prohibits the use of interest reserves. Certain of the construction, acquisition and development loans were structured with interest-only terms. A portion of the consumer mortgage and commercial real estate portfolios were originated through the permanent financing of construction, acquisition and development loans. Future economic distress could negatively impact borrowers’ and guarantors’ ability to repay their debt which would make more of the Company’s loans collateral dependent.

The following tables provide details regarding the aging of the Company’s loan and lease portfolio, net of unearned income, by segment and class at September 30, 2016 and December 31, 2015:



	September 30, 2016
							90+ Days
	30-59 Days	60-89 Days	90+ Days	Total		Total	Past Due still
	Past Due	Past Due	Past Due	Past Due	Current	Outstanding	Accruing

	(In thousands)
Commercial and industrial	$ 7,068	$ 1,840	$ 7,579	$ 16,487	$ 1,599,665	$ 1,616,152	$ 68
Real estate
Consumer mortgages	12,961	6,346	12,563	31,870	2,579,517	2,611,387	1,660
Home equity	2,969	1,055	2,802	6,826	615,740	622,566	-
Agricultural	567	86	305	958	241,213	242,171	-
Commercial and industrial-owner occupied	2,265	40	5,290	7,595	1,660,882	1,668,477	-
Construction, acquisition and development	878	434	736	2,048	1,119,338	1,121,386	-
Commercial real estate	16,230	350	1,478	18,058	2,222,659	2,240,717	-
Credit cards	495	305	540	1,340	106,107	107,447	520
All other	800	299	46	1,145	427,313	428,458	7
Total	$ 44,233	$ 10,755	$ 31,339	$ 86,327	$ 10,572,434	$ 10,658,761	$ 2,255



	December 31, 2015
							90+ Days
	30-59 Days	60-89 Days	90+ Days	Total		Total	Past Due still
	Past Due	Past Due	Past Due	Past Due	Current	Outstanding	Accruing

	(In thousands)
Commercial and industrial	$ 2,038	$ 817	$ 4,731	$ 7,586	$ 1,740,188	$ 1,747,774	$ 60
Real estate
Consumer mortgages	13,827	4,692	13,604	32,123	2,440,079	2,472,202	1,655
Home equity	2,589	268	1,896	4,753	584,999	589,752	-
Agricultural	176	139	-	315	259,045	259,360	-
Commercial and industrial-owner occupied	1,189	3,105	4,034	8,328	1,609,101	1,617,429	-
Construction, acquisition and development	1,017	207	2,409	3,633	941,412	945,045	-
Commercial real estate	2,840	187	6,286	9,313	2,178,735	2,188,048	-
Credit cards	420	343	323	1,086	111,079	112,165	298
All other	628	262	105	995	440,008	441,003	-
Total	$ 24,724	$ 10,020	$ 33,388	$ 68,132	$ 10,304,646	$ 10,372,778	$ 2,013

The Company utilizes an internal loan classification system to grade loans according to certain credit quality indicators. These credit quality indicators include, but are not limited to, recent credit performance, delinquency, liquidity, cash flows, debt coverage ratios, collateral type and loan-to-value ratio. The Company’s internal loan classification system is compatible with classifications used by the Federal Deposit Insurance Corporation, as well as other regulatory agencies. Loans may be classified as follows:

Pass: Loans which are performing as agreed with few or no signs of weakness. These loans show sufficient cash flow, capital and collateral to repay the loan as agreed.

Special Mention: Loans where potential weaknesses have developed which could cause a more serious problem if not corrected.

Substandard: Loans where well-defined weaknesses exist that require corrective action to prevent further deterioration. Loans are further characterized by the possibility that the Company will sustain some loss if the deficiencies are not corrected.

Doubtful: Loans having all the characteristics of Substandard and which have deteriorated to a point where collection and liquidation in full is highly questionable.

Loss: Loans that are considered uncollectible or with limited possible recovery.

Impaired: Loans for which it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement and for which a specific impairment reserve has been considered.

The following tables provide details of the Company’s loan and lease portfolio, net of unearned income, by segment, class and internally assigned grade at September 30, 2016 and December 31, 2015:


	September 30, 2016
		Special
	Pass	Mention	Substandard	Doubtful	Loss	Impaired (1)	Total

	(In thousands)
Commercial and industrial	$ 1,567,073	$ -	$ 42,117	$ 774	$ -	$ 6,188	$ 1,616,152
Real estate
Consumer mortgages	2,549,780	528	59,727	89	-	1,263	2,611,387
Home equity	610,313	-	10,766	-	-	1,487	622,566
Agricultural	230,891	-	10,639	-	-	641	242,171
Commercial and industrial-owner occupied	1,619,545	512	39,135	-	-	9,285	1,668,477
Construction, acquisition and development	1,103,739	-	11,308	-	-	6,339	1,121,386
Commercial real estate	2,188,170	-	38,637	-	-	13,910	2,240,717
Credit cards	107,447	-	-	-	-	-	107,447
All other	420,838	-	7,620	-	-	-	428,458
Total	$ 10,397,796	$ 1,040	$ 219,949	$ 863	$ -	$ 39,113	$ 10,658,761

(1) Impaired loans are shown exclusive of accruing troubled debt restructurings (“TDRs”) and $2.2 million of non-accruing TDRs.


	December 31, 2015
		Special
	Pass	Mention	Substandard	Doubtful	Loss	Impaired (1)	Total

	(In thousands)
Commercial and industrial	$ 1,721,118	$ -	$ 19,529	$ -	$ -	$ 7,127	$ 1,747,774
Real estate
Consumer mortgages	2,399,081	-	68,768	363	-	3,990	2,472,202
Home equity	577,539	-	10,418	-	-	1,795	589,752
Agricultural	250,579	-	7,909	-	-	872	259,360
Commercial and industrial-owner occupied	1,554,984	-	50,304	-	-	12,141	1,617,429
Construction, acquisition and development	920,372	-	17,090	-	-	7,583	945,045
Commercial real estate	2,124,448	-	45,658	161	-	17,781	2,188,048
Credit cards	112,165	-	-	-	-	-	112,165
All other	433,333	-	7,465	102	-	103	441,003
Total	$ 10,093,619	$ -	$ 227,141	$ 626	$ -	$ 51,392	$ 10,372,778

(1) Impaired loans are shown exclusive of accruing TDRs and $2.6 million of non-accruing TDRs.

The following tables provide details regarding impaired loans and leases, net of unearned income, which exclude accruing TDRs by segment and class as of and for the three months and nine months ended September 30, 2016 and as of and for the year ended December 31, 2015:


	September 30, 2016
		Unpaid		Average Recorded Investment		Interest Income Recognized
	Recorded	Principal	Related	Three months	Nine months	Three months	Nine months
	Investment	Balance of	Allowance	ended	ended	ended	ended
	in Impaired	Impaired	for Credit	September 30,	September 30,	September 30,	September 30,
	Loans (1)	Loans	Losses	2016	2016	2016	2016
	(In thousands)
With no related allowance:
Commercial and industrial	$ 6,131	$ 12,419	$ -	$ 6,038	$ 6,500	$ 3	$ 56
Real estate:
Consumer mortgages	225	604	-	719	2,079	1	22
Home equity	271	386	-	1,090	1,414	3	8
Agricultural	641	699	-	372	318	-	4
Commercial and industrial-owner occupied	9,285	10,484	-	10,334	10,719	86	290
Construction, acquisition and development	5,194	5,194	-	5,227	5,474	-	4
Commercial real estate	4,186	4,430	-	3,816	4,891	17	87
All other	-	-	-	-	-	-	-
Total	$ 25,933	$ 34,216	$ -	$ 27,596	$ 31,395	$ 110	$ 471

With an allowance:
Commercial and industrial	$ 57	$ 57	$ 66	$ 209	$ 885	$ 1	$ 20
Real estate:
Consumer mortgages	1,038	1,038	305	338	345	-	-
Home equity	1,216	1,216	732	396	220	-	1
Agricultural	-	-	-	341	471	-	-
Commercial and industrial-owner occupied	-	-	-	-	989	-	-
Construction, acquisition and development	1,145	1,145	48	451	607	-	-
Commercial real estate	9,724	9,724	2,560	9,787	9,926	92	193
All other	-	-	-	-	-	-	-
Total	$ 13,180	$ 13,180	$ 3,711	$ 11,522	$ 13,443	$ 93	$ 214

Total:
Commercial and industrial	$ 6,188	$ 12,476	$ 66	$ 6,247	$ 7,385	$ 4	$ 76
Real estate:
Consumer mortgages	1,263	1,642	305	1,057	2,424	1	22
Home equity	1,487	1,602	732	1,486	1,634	3	9
Agricultural	641	699	-	713	789	-	4
Commercial and industrial-owner occupied	9,285	10,484	-	10,334	11,708	86	290
Construction, acquisition and development	6,339	6,339	48	5,678	6,081	-	4
Commercial real estate	13,910	14,154	2,560	13,603	14,817	109	280
All other	-	-	-	-	-	-	-
Total	$ 39,113	$ 47,396	$ 3,711	$ 39,118	$ 44,838	$ 203	$ 685

(1)

Excludes $2.2 million of non-accruing TDRs.



	December 31, 2015
		Unpaid
	Recorded	Principal	Related
	Investment	Balance of	Allowance	Average	Interest
	in Impaired	Impaired	for Credit	Recorded	Income
	Loans (1)	Loans	Losses	Investment	Recognized

	(In thousands)
With no related allowance:
Commercial and industrial	$ 7,055	$ 13,986	$ -	$ 3,749	$ 95
Real estate:
Consumer mortgages	3,990	4,545	-	3,579	76
Home equity	1,795	1,795	-	744	7
Agricultural	322	380	-	142	6
Commercial and industrial-owner occupied	12,141	13,332	-	6,904	226
Construction, acquisition and development	5,969	6,052	-	3,553	25
Commercial real estate	5,017	6,879	-	7,944	202
All other	103	103	-	172	3
Total	$ 36,392	$ 47,072	$ -	$ 26,787	$ 640

With an allowance:
Commercial and industrial	$ 72	$ 383	$ 78	$ 3,635	$ 84
Real estate:
Consumer mortgages	-	-	-	368	9
Home equity	-	-	-	668	15
Agricultural	550	550	159	47	-
Commercial and industrial-owner occupied	-	-	326	1,866	51
Construction, acquisition and development	1,614	1,614	677	300	-
Commercial real estate	12,764	13,185	1,110	3,582	44
All other	-	-	-	-	-
Total	$ 15,000	$ 15,732	$ 2,350	$ 10,466	$ 203

Total:
Commercial and industrial	$ 7,127	$ 14,369	$ 78	$ 7,384	$ 179
Real estate:
Consumer mortgages	3,990	4,545	-	3,947	85
Home equity	1,795	1,795	-	1,412	22
Agricultural	872	930	159	189	6
Commercial and industrial-owner occupied	12,141	13,332	326	8,770	277
Construction, acquisition and development	7,583	7,666	677	3,853	25
Commercial real estate	17,781	20,064	1,110	11,526	246
All other	103	103	-	172	3
Total	$ 51,392	$ 62,804	$ 2,350	$ 37,253	$ 843

(1)

Excludes $2.6 million of non-accruing TDRs.

The following tables provide details regarding impaired loans and leases, net of unearned income, which include accruing TDRs, by segment and class as of and for the three months and nine months ended September 30, 2016 and as of and for the year ended December 31, 2015:


	September 30, 2016
	Recorded	Unpaid Principal		Average Recorded Investment		Interest Income Recognized
	Investment	Balance of	Related	Three months	Nine months	Three months	Nine months
	in Impaired	Impaired Loans,	Allowance	ended	ended	ended	ended
	Loans, including	including	for Credit	September 30,	September 30,	September 30,	September 30,
	Accruing TDRs	Accruing TDRs	Losses	2016	2016	2016	2016
	(In thousands)
With no related allowance:
Commercial and industrial	$ 6,131	$ 12,419	$ -	$ 6,038	$ 6,500	$ 3	$ 56
Real estate:
Consumer mortgages	225	604	-	719	2,079	1	22
Home equity	271	386	-	1,090	1,414	3	8
Agricultural	641	699	-	372	318	-	4
Commercial and industrial-owner occupied	9,285	10,484	-	10,334	10,719	86	290
Construction, acquisition and development	5,194	5,194	-	5,227	5,474	-	4
Commercial real estate	4,186	4,430	-	3,816	4,891	17	87
All other	-	-	-	-	-	-	-
Total	$ 25,933	$ 34,216	$ -	$ 27,596	$ 31,395	$ 110	$ 471
With an allowance:
Commercial and industrial	$ 2,974	$ 2,997	$ 107	$ 3,351	$ 3,335	$ 35	$ 99
Real estate:
Consumer mortgages	3,243	3,437	604	2,209	1,975	14	36
Home equity	1,219	1,229	733	399	233	-	1
Agricultural	77	77	4	431	542	1	3
Commercial and industrial-owner occupied	3,484	3,953	90	3,276	4,873	28	89
Construction, acquisition and development	1,394	1,394	60	702	1,609	3	22
Commercial real estate	16,496	16,723	2,614	12,871	11,723	125	250
Credit card	821	821	54	862	880	86	265
All other	3,640	3,678	26	2,720	1,475	29	44
Total	$ 33,348	$ 34,309	$ 4,292	$ 26,821	$ 26,645	$ 321	$ 809
Total:
Commercial and industrial	$ 9,105	$ 15,416	$ 107	$ 9,389	$ 9,835	$ 38	$ 155
Real estate:
Consumer mortgages	3,468	4,041	604	2,928	4,054	15	58
Home equity	1,490	1,615	733	1,489	1,647	3	9
Agricultural	718	776	4	803	860	1	7
Commercial and industrial-owner occupied	12,769	14,437	90	13,610	15,592	114	379
Construction, acquisition and development	6,588	6,588	60	5,929	7,083	3	26
Commercial real estate	20,682	21,153	2,614	16,687	16,614	142	337
Credit card	821	821	54	862	880	86	265
All other	3,640	3,678	26	2,720	1,475	29	44
Total	$ 59,281	$ 68,525	$ 4,292	$ 54,417	$ 58,040	$ 431	$ 1,280


	December 31, 2015
	Recorded	Unpaid Principal
	Investment	Balance of	Related
	in Impaired	Impaired Loans,	Allowance	Average	Interest
	Loans, Including	Including	for Credit	Recorded	Income
	Accruing TDRs	Accruing TDRs	Losses	Investment	Recognized
	(In thousands)
With no related allowance:
Commercial and industrial	$ 7,055	$ 13,986	$ -	$ 3,749	$ 95
Real estate:
Consumer mortgages	3,990	4,545	-	3,579	76
Home equity	1,795	1,795	-	744	7
Agricultural	322	380	-	142	6
Commercial and industrial-owner occupied	12,141	13,332	-	6,904	226
Construction, acquisition and development	5,969	6,052	-	3,553	25
Commercial real estate	5,017	6,879	-	7,944	202
All other	103	103	-	172	3
Total	$ 36,392	$ 47,072	$ -	$ 26,787	$ 640

With an allowance:
Commercial and industrial	$ 968	$ 1,294	$ 181	$ 4,251	$ 114
Real estate:
Consumer mortgages	1,787	1,896	226	2,056	75
Home equity	20	30	3	674	15
Agricultural	586	586	162	56	-
Commercial and industrial-owner occupied	5,900	6,245	518	6,816	235
Construction, acquisition and development	3,328	3,328	721	1,759	42
Commercial real estate	13,616	14,250	1,217	7,802	187
Credit cards	939	939	34	1,024	102
All other	405	604	30	213	7
Total	$ 27,549	$ 29,172	$ 3,092	$ 24,651	$ 777

Total:
Commercial and industrial	$ 8,023	$ 15,280	$ 181	$ 8,000	$ 209
Real estate:
Consumer mortgages	5,777	6,441	226	5,635	151
Home equity	1,815	1,825	3	1,418	22
Agricultural	908	966	162	198	6
Commercial and industrial-owner occupied	18,041	19,577	518	13,720	461
Construction, acquisition and development	9,297	9,380	721	5,312	67
Commercial real estate	18,633	21,129	1,217	15,746	389
Credit cards	939	939	34	1,024	102
All other	508	707	30	385	10
Total	$ 63,941	$ 76,244	$ 3,092	$ 51,438	$ 1,417

Loans considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 310, Receivables (“FASB ASC 310”), are loans greater than $500,000 for which, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement and all loans restructured in a TDR. The Company’s recorded investment in loans considered impaired exclusive of accruing TDRs at September 30, 2016 and December 31, 2015 was $39.1 million and $51.4 million, respectively. At September 30, 2016 and December 31, 2015, $13.2 million and $15.0 million, respectively, of those impaired loans had a valuation allowance of $3.7 million and $2.4 million, respectively. The remaining balance of impaired loans of $25.9 million and $36.4 million at September 30, 2016 and December 31, 2015, respectively, have sufficient collateral supporting the collection of all outstanding principle or were charged down to fair value, less estimated selling costs. Therefore, such loans did not have an associated valuation allowance. Impaired loans that were characterized as non-accruing TDRs totaled $11.4 million and $15.1 million at September 30, 2016 and December 31, 2015, respectively.

Non-performing loans and leases (“NPLs”) consist of non-accrual loans and leases, loans and leases 90 days or more past due and still accruing, and loans and leases that have been restructured (primarily in the form of reduced interest rates and modified payment terms) because of the borrower’s weakened financial condition or bankruptcy proceedings. The following table presents information concerning NPLs as of the dates indicated:



		September 30,		December 31,
		2016	2015	2015

	(In thousands)

Non-accrual loans and leases		$ 70,725	$ 70,237	$ 83,028
Loans and leases 90 days or more past due, still accruing		2,255	1,436	2,013
Restructured loans and leases, still accruing		17,936	18,578	9,876
Total non-performing loans and leases		$ 90,916	$ 90,251	$ 94,917

The Bank’s policy for all loan classifications provides that loans and leases are generally placed in non-accrual status if, in management’s opinion, payment in full of principal or interest is not expected or payment of principal or interest is more than 90 days past due, unless such loan or lease is both well-secured and in the process of collection. At September 30, 2016, the Company’s geographic NPL distribution was concentrated primarily in its Arkansas, Louisiana and Mississippi markets. The following table presents the Company’s nonaccrual loans and leases by segment and class as of the dates indicated:



	September 30,		December 31,
	2016	2015	2015

	(In thousands)
Commercial and industrial	$ 11,659	$ 15,697	$ 8,493
Real estate
Consumer mortgages	20,196	21,959	21,637
Home equity	3,721	3,664	4,021
Agricultural	1,194	484	921
Commercial and industrial-owner occupied	11,983	12,690	16,512
Construction, acquisition and development	6,939	4,240	9,130
Commercial real estate	14,793	10,730	21,741
Credit cards	121	215	188
All other	119	558	385
Total	$ 70,725	$ 70,237	$ 83,028

In the normal course of business, management will sometimes grant concessions, which would not otherwise be considered, to borrowers that are experiencing financial difficulty. Loans identified as meeting the criteria set out in FASB ASC 310 are identified as TDRs. The concessions granted most frequently for TDRs involve reductions or delays in required payments of principal and interest for a specified period, the rescheduling of payments in accordance with a bankruptcy plan. In most cases, the conditions of the credit also warrant nonaccrual status, even after the restructure occurs. Other conditions that warrant a loan being considered a TDR include reductions in interest rates to below market rates due to bankruptcy plans or by the bank in an attempt to assist the borrower in working through liquidity problems. As part of the credit approval process, the restructured loans are evaluated for adequate collateral protection in determining the appropriate accrual status at the time of restructure. TDRs recorded as nonaccrual loans may generally be returned to accrual status in years after the restructure if there has been at least a six-month period of sustained repayment performance by the borrower in accordance with the terms of the restructured loan. During the third quarter of 2016, the most common concessions that were granted involved rescheduling payments of principal and interest over a longer amortization period, granting a period of reduced principal payment or interest only payment for a limited time period, or the rescheduling of payments in accordance with a bankruptcy plan or a reduction in interest rates.

The following tables summarize the financial effect of TDRs recorded during the periods indicated:



	Three months ended September 30, 2016
		Pre-Modification	Post-Modification
	Number	Outstanding	Outstanding
	of	Recorded	Recorded
	Contracts	Investment	Investment

	(Dollars in thousands)
Commercial and industrial	9	$ 1,493	$ 1,401
Real estate
Consumer mortgages	2	289	233
Agricultural	1	12	12
Commercial and industrial-owner occupied	5	2,380	2,372
Commercial real estate	3	5,245	5,384
All other	3	2,894	2,883
Total	23	$ 12,313	$ 12,285



	Nine months ended September 30, 2016
		Pre-Modification	Post-Modification
	Number	Outstanding	Outstanding
	of	Recorded	Recorded
	Contracts	Investment	Investment

	(Dollars in thousands)
Commercial and industrial	18	$ 4,729	$ 4,575
Real estate
Consumer mortgages	14	1,012	938
Home equity	1	3	3
Agricultural	2	79	79
Commercial and industrial-owner occupied	8	2,965	2,953
Commercial real estate	5	8,932	6,702
All other	6	3,610	3,596
Total	54	$ 21,330	$ 18,846



	Year ended December 31, 2015
		Pre-Modification	Post-Modification
	Number	Outstanding	Outstanding
	of	Recorded	Recorded
	Contracts	Investment	Investment
	(Dollars in thousands)
Commercial and industrial	11	$ 1,472	$ 1,452
Real estate
Consumer mortgages	21	1,230	1,144
Home equity	1	20	20
Agricultural	3	37	36
Commercial and industrial-owner occupied	13	6,357	6,329
Construction, acquisition and development	3	217	215
Commercial real estate	9	12,565	12,144
All other	7	94	88
Total	68	$ 21,992	$ 21,428

The tables below summarize TDRs within the previous 12 months for which there was a payment default during the period indicated (i.e., 30 days or more past due at any given time during the period indicated).



	Three months ended September 30, 2016
	Number of	Recorded
	Contracts	Investment

	(Dollars in thousands)
Commercial and industrial	8	$ 3,804
Real estate
Consumer mortgages	3	425
Commercial and industrial-owner occupied	1	126
Total	12	$ 4,355



	Nine months ended September 30, 2016
	Number of	Recorded
	Contracts	Investment

	(Dollars in thousands)
Commercial and industrial	8	$ 3,804
Real estate
Consumer mortgages	7	597
Commercial and industrial-owner occupied	2	532
Construction, acquisition and development	1	14
Commercial real estate	1	9,336
All other	2	20
Total	21	$ 14,303



	Year ended December 31, 2015
	Number of	Recorded
	Contracts	Investment
	(Dollars in thousands)
Commercial and industrial	1	$ 84
Real estate
Consumer mortgages	4	226
Agricultural	1	20
Commercial and industrial-owner occupied	1	517
Commercial real estate	2	197
Total	9	$ 1,044