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Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Composition of loan portfolio by loan class
The following table shows the composition of the Corporation’s loan portfolio by loan class for the periods indicated:

March 31, 2017

December 31, 2016
Commercial and industrial loans
$
1,258,840


$
1,194,646

Agricultural production financing and other loans to farmers
77,021


79,689

Real estate loans:
 


Construction
336,931


418,703

Commercial and farmland
2,118,431


1,953,062

Residential
737,918


739,169

Home equity
423,708


418,525

Individuals' loans for household and other personal expenditures
77,590


77,479

Lease financing receivables, net of unearned income
261


311

Other commercial loans
244,209


258,061

  Loans
$
5,274,909


$
5,139,645

Allowance for loan losses
(68,225
)

(66,037
)
             Net Loans
$
5,206,684


$
5,073,608
Changes in allowance for loan losses
The following tables summarize changes in the allowance for loan losses by loan segment for the three months ended March 31, 2017, and March 31, 2016:
 
Three Months Ended March 31, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2016
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037

Provision for losses
1,197


247


249


692




2,385

Recoveries on loans
366


564


101


237




1,268

Loans charged-off
(735
)

(152
)

(153
)

(425
)



(1,465
)
Balances, March 31, 2017
$
28,524


$
24,320


$
3,120


$
12,259


$
2


$
68,225

 
 
 
 
 
 
 
 
 
 
 
 

Three Months Ended March 31, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2015
$
26,478


$
22,145


$
2,689


$
11,139


$
2


$
62,453

Provision for losses
139


214


33


164





550

Recoveries on loans
292


952


78


312





1,634

Loans charged-off
(645
)

(994
)

(153
)

(759
)



(2,551
)
Balances, March 31, 2016
$
26,264


$
22,317


$
2,647


$
10,856


$
2


$
62,086

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses and loan portfolio by loan segment
The following tables show the Corporation’s allowance for loan losses and loan portfolio by segment as of the periods indicated:
 
March 31, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
36


$
829




$
317




$
1,182

Collectively evaluated for impairment
28,488


23,491


$
3,120


11,942


$
2


67,043

Loans Acquired with Deteriorated Credit Quality
















Total Allowance for Loan Losses
$
28,524


$
24,320


$
3,120


$
12,259


$
2


$
68,225

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
3,314


$
21,701


$
8


$
4,444




$
29,467

Collectively evaluated for impairment
1,573,619


2,405,977


77,582


1,155,610


$
261


5,213,049

Loans Acquired with Deteriorated Credit Quality
3,137


27,684





1,572





32,393

Loans
$
1,580,070


$
2,455,362


$
77,590


$
1,161,626


$
261


$
5,274,909




 
December 31, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
37


$
553




$
298




$
888

Collectively evaluated for impairment
27,659


23,108


$
2,923


11,457


$
2


65,149

Loans Acquired with Deteriorated Credit Quality
















Total Allowance for Loan Losses
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
4,762


$
21,358


$
9


$
4,450




$
30,579

Collectively evaluated for impairment
1,520,981


2,315,686


77,470


1,151,396


$
311


5,065,844

Loans Acquired with Deteriorated Credit Quality
6,653


34,721





1,848





43,222

Loans
$
1,532,396


$
2,371,765


$
77,479


$
1,157,694


$
311


$
5,139,645
Summary of non-accrual loans by loan class
The following table summarizes the Corporation’s non-accrual loans by loan class as of the periods indicated:

March 31, 2017

December 31, 2016
Commercial and industrial loans
$
1,975


$
1,839

Agriculture production financing and other loans to farmers
665


1,329

Real estate loans:
 

 
Construction
71


73

Commercial and farmland
14,536


15,754

Residential
9,284


9,523

Home equity
1,324


1,457

Individuals' loans for household and other personal expenditures
65


23

Total
$
27,920


$
29,998
Composition of impaired loans by loan class
The following tables show the composition of the Corporation’s commercial impaired loans by loan class as of the periods indicated:
 
March 31, 2017
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
13,715


$
5,786




Agriculture production financing and other loans to farmers
14


5




Real estate Loans:
 

 


Construction
589







Commercial and farmland
63,743


46,185




Residential
7,664


4,335




Home equity
82


43




Other commercial loans
8







Total
$
85,815


$
56,354




Impaired loans with related allowance:
 

 


Agriculture production financing and other loans to farmers
$
660


$
660


$
36

Real estate Loans:
 

 

 
Commercial and farmland
3,686


3,026


829

Residential
65


34


23

Total
$
4,411


$
3,720


$
888

Total Impaired Loans
$
90,226


$
60,074


$
888


 
December 31, 2016
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
17,645

 
$
10,074

 
 
Agriculture production financing and other loans to farmers
757

 
680

 
 
Real estate Loans:
 
 
 
 
 
Construction
5,946

 
3,178

 
 
Commercial and farmland
67,936

 
49,731

 
 
Residential
8,039

 
4,664

 
 
Home equity
82

 
44

 
 
Other commercial loans
11

 


 
 
Total
$
100,416

 
$
68,371

 
 
Impaired loans with related allowance:
 
 
 
 
 
Agriculture production financing and other loans to farmers
$
660


$
660


$
36

Real estate Loans:
 
 
 
 
 
Commercial and farmland
4,238

 
2,985

 
553

Residential
65

 
34

 
23

Total
$
4,963

 
$
3,679

 
$
612

Total Impaired Loans
$
105,379

 
$
72,050

 
$
612


 
Three Months Ended March 31, 2017
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 
Commercial and industrial loans
$
8,571


$
48

Agriculture production financing and other loans to farmers
145



Real estate Loans:
 

 
Commercial and farmland
46,680


577

Residential
4,471


41

Home equity
43




Total
$
59,910


$
666

Impaired loans with related allowance:
 

 
Agriculture production financing and other loans to farmers
$
660




Real estate Loans:
 

 
Commercial and farmland
3,032



Residential
34



Total
$
3,726



Total Impaired Loans
$
63,636


$
666

 
Three Months Ended March 31, 2016
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 
Commercial and industrial loans
$
12,052


$
109

Agriculture production financing and other loans to farmers
716


1

Real estate Loans:



Construction
4,262


85

Commercial and farmland
65,461


871

Residential
7,746


58

Home equity
225




Total
$
90,462


$
1,124

Impaired loans with related allowance:



Commercial and industrial loans
$
1,363


$
9

Agriculture production financing and other loans to farmers
1,315



Real estate Loans:



Commercial and farmland
1,756




Residential
879



Total
$
5,313


$
9

Total Impaired Loans
$
95,775


$
1,133
Credit quality of loan portfolio by loan class
The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class for the periods indicated.  Consumer non-performing loans include accruing consumer loans 90 plus days delinquent and consumer non-accrual loans.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date. Loans that evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.
 
March 31, 2017
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,190,546


$
25,537


$
42,757







 

 

$
1,258,840

Agriculture production financing and other loans to farmers
23,236


34,044


19,741


 



 

 

77,021

Real estate Loans:
 

 

 

 



 

 

 
Construction
319,724


5,138


58






$
11,940


$
71


336,931

Commercial and farmland
1,963,654


65,537


87,197


$
1,687




351


5


2,118,431

Residential
148,677


4,497


5,679







571,451


7,614


737,918

Home equity
9,588


47


352


 



412,339


1,382


423,708

Individuals' loans for household and other personal expenditures
 

 

 

 



77,503


87


77,590

Lease financing receivables, net of unearned income
261


 



 









261

Other commercial loans
243,339




870


 



 

 

244,209

Loans
$
3,899,025


$
134,800


$
156,654


$
1,687




$
1,073,584


$
9,159


$
5,274,909


 
December 31, 2016
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,117,545


$
30,919


$
46,182






 

 

$
1,194,646

Agriculture production financing and other loans to farmers
30,712


25,273


23,704


 



 

 

79,689

Real estate Loans:


 



 



 

 

 
Construction
398,646


3,490


1,858


 



$
14,636


$
73


418,703

Commercial and farmland
1,811,367


60,028


80,626






1,034


7


1,953,062

Residential
146,251


5,106


6,046






574,054


7,712


739,169

Home equity
7,310


47


516


 



409,237


1,415


418,525

Individuals' loans for household and other personal expenditures
 

 

 

 



77,456


23


77,479

Lease financing receivables, net of unearned income
228


 

83


 








311

Other commercial loans
257,861





200


 



 

 

258,061

Loans
$
3,769,920


$
124,863


$
159,215






$
1,076,417


$
9,230


$
5,139,645
Past due aging of loan portfolio by loan class
The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, as of March 31, 2017, and December 31, 2016.
 
March 31, 2017
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
1,255,950


$
915








$
1,975


$
2,890


$
1,258,840

Agriculture production financing and other loans to farmers
75,251


1,105








665


1,770


77,021

Real estate loans:


 

 

 



 

 
Construction
336,027


833






71


904


336,931

Commercial and farmland
2,098,174


5,076


$
645





14,536


20,257


2,118,431

Residential
725,168


2,836


630





9,284


12,750


737,918

Home equity
421,202


906


175


$
101


1,324


2,506


423,708

Individuals' loans for household and other personal expenditures
77,175


285


43


22


65


415


77,590

Lease financing receivables, net of unearned income
261




 









261

Other commercial loans
244,209




 

 







244,209

Loans
$
5,233,417


$
11,956


$
1,493


$
123


$
27,920


$
41,492


$
5,274,909


 
December 31, 2016
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
1,192,079


$
466


$
162


$
100


$
1,839


$
2,567


$
1,194,646

Agriculture production financing and other loans to farmers
78,360









1,329


1,329


79,689

Real estate loans:
 

 

 

 

 



 
Construction
415,975


2,655





 


73


2,728


418,703

Commercial and farmland
1,932,896


1,385


3,027




15,754


20,166


1,953,062

Residential
725,338


3,664


635


9


9,523


13,831


739,169

Home equity
415,969


850


246


3


1,457


2,556


418,525

Individuals' loans for household and other personal expenditures
76,929


470


57





23


550


77,479

Lease financing receivables, net of unearned income
311


 

 

 





311

Other commercial loans
258,061


 



 







258,061

Loans
$
5,095,918


$
9,490


$
4,127


$
112


$
29,998


$
43,727


$
5,139,645
Schedules of troubled debt restructurings
The following tables summarize troubled debt restructurings in the Corporation's loan portfolio that occurred during the periods indicated:

Three Months Ended March 31, 2017

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Real estate loans:
 

 

 
Commercial and farmland
$
107


$
241


3

Residential
121


122


2

Home equity
122







Total
$
350


$
363


5

 

Three Months Ended March 31, 2016

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
260

 
$
260

 
3

Agriculture production financing and other loans to farmers
465

 
331

 
2

Real estate loans:
 
 
 
 
 
Commercial and farmland
352

 
352

 
1

Residential
113

 
133

 
3

Individuals' loans for household and other personal expenditures
13

 
13

 
1

Total
$
1,203

 
$
1,089

 
10




The following tables summarize the recorded investment of troubled debt restructurings as of March 31, 2017 and 2016, by modification type, that occurred during the periods indicated:

Three Months Ended March 31, 2017

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Commercial and farmland





$
241


$
241

Residential


$
122





122

Total


$
122


$
241


$
363

 
 
 
 
 
 
 
 

Three Months Ended March 31, 2016

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans




$
260


$
260

Agriculture production financing and other loans to farmers
 
 
$
331

 
 
 
331

Real estate loans:
 

 

 


Commercial and farmland





351


351

Residential


123





123

Individuals loans for household and other personal expenditures
 

13





13

Total


$
467


$
611


$
1,078


 
 
 
 
 
 
 
 
Troubled debt restructurings that subsequently defaulted
The following tables summarize troubled debt restructures that occurred during the twelve months ended March 31, 2017, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this discussion, a loan is considered in default if it is 30 or more days past due.

Three Months Ended March 31, 2017

Number of
Loans

Recorded
Balance
Real estate loans:
 

 
Commercial and farmland
1


$
223

Total
1


$
223



Three Months Ended March 31, 2016

Number of
Loans

Recorded
Balance
Commercial and industrial loans
3

$
260

Real estate loans:
 

 
Commercial and farmland
1

717

Total
4

$
977