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Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Composition of loan portfolio by loan class
The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the periods indicated:

March 31, 2018

December 31, 2017
Commercial and industrial loans
$
1,554,169


$
1,493,493

Agricultural production financing and other loans to farmers
98,315


121,757

Real estate loans:
 


Construction
590,093


612,219

Commercial and farmland
2,713,994


2,562,691

Residential
948,644


962,765

Home equity
510,545


514,021

Individuals' loans for household and other personal expenditures
88,235


86,935

Lease financing receivables, net of unearned income
2,193


2,527

Other commercial loans
395,508


394,791

  Loans
$
6,901,696


$
6,751,199

Allowance for loan losses
(76,420
)

(75,032
)
             Net Loans
$
6,825,276


$
6,676,167
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, 2018 and March 31, 2017:
 
Three Months Ended March 31, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2017
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

Provision for losses
840


84


274


1,302




2,500

Recoveries on loans
119


339


89


154




701

Loans charged off
(609
)

(61
)

(199
)

(944
)



(1,813
)
Balances, March 31, 2018
$
30,768


$
27,705


$
3,896


$
14,049


$
2


$
76,420

 
 
 
 
 
 
 
 
 
 
 
 

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

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses and loan portfolio by loan segment
The tables below show the Corporation’s allowance for loan losses and loan portfolio by loan segment as of the periods indicated. There was no related allowance for loan losses for loans acquired with deteriorated credit quality at March 31, 2018 or December 31, 2017.
 
March 31, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
143


$
758




$
416




$
1,317

Collectively evaluated for impairment
30,625


26,947


$
3,896


13,633


$
2


75,103

Total Allowance for Loan Losses
$
30,768


$
27,705


$
3,896


$
14,049


$
2


$
76,420

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
2,914


$
16,501


$
11


$
2,738




$
22,164

Collectively evaluated for impairment
2,042,193


3,268,036


88,224


1,454,894


$
2,193


6,855,540

Loans acquired with deteriorated credit quality
2,885


19,550





1,557





23,992

Loans
$
2,047,992


$
3,304,087


$
88,235


$
1,459,189


$
2,193


$
6,901,696


 
December 31, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
666


$
567




$
404




$
1,637

Collectively evaluated for impairment
29,752


26,776


$
3,732


13,133


$
2


73,395

Total Allowance for Loan Losses
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
3,345


$
17,432


$
5


$
2,429




$
23,211

Collectively evaluated for impairment
2,005,275


3,135,481


86,930


1,472,821


$
2,527


6,703,034

Loans acquired with deteriorated credit quality
1,421


21,997





1,536





24,954

Loans
$
2,010,041


$
3,174,910


$
86,935


$
1,476,786


$
2,527


$
6,751,199

 
 
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, 2018

December 31, 2017
Commercial and industrial loans
$
3,238


$
3,275

Agriculture production financing and other loans to farmers
638


1,027

Real estate loans:
 

 
Construction
1,481


65

Commercial and farmland
13,944


12,951

Residential
6,765


9,444

Home equity
1,385


1,928

Individuals' loans for household and other personal expenditures
46


34

Total
$
27,497


$
28,724
Composition of impaired loans by loan class
The following tables show the composition of the Corporation’s impaired loans, related allowance and interest income recognized while impaired by loan class as of the periods indicated:
 
March 31, 2018
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
7,863


$
1,812




Agriculture production financing and other loans to farmers
660


640




Real estate Loans:
 

 


Commercial and farmland
16,581


14,388




Residential
1,146


790




Home equity
40


8




Individuals' loans for household and other personal expenditures
11


11

 
 
Total
$
26,301


$
17,649




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
474


$
462


$
143

Real estate Loans:
 

 

 
Construction
1,352


1,352


307

Commercial and farmland
823


761


451

Residential
1,697


1,636


341

Home equity
324

 
304

 
75

Total
$
4,670


$
4,515


$
1,317

Total Impaired Loans
$
30,971


$
22,164


$
1,317

 
December 31, 2017
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
7,611

 
$
1,536

 
 
Agriculture production financing and other loans to farmers
732

 
700

 
 
Real estate Loans:
 
 
 
 
 
Commercial and farmland
16,758

 
15,162

 
 
Residential
833

 
519

 
 
Home equity
40

 
8

 
 
Individuals' loans for household and other personal expenditures
5


5

 
 
Total
$
25,979

 
$
17,930

 
 
Impaired loans with related allowance:
 
 
 
 
 
Commercial and industrial loans
$
812

 
$
782

 
$
552

Agriculture production financing and other loans to farmers
357


327


114

Real estate Loans:
 
 
 
 
 
Commercial and farmland
2,989

 
2,270

 
567

Residential
1,616

 
1,572

 
327

       Home equity
349


330


77

Total
$
6,123

 
$
5,281

 
$
1,637

Total Impaired Loans
$
32,102

 
$
23,211

 
$
1,637

 
Three Months Ended March 31, 2018

Three Months Ended March 31, 2017
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
1,845





$
1,066



Agriculture production financing and other loans to farmers
640







Real estate Loans:
 

 




Commercial and farmland
14,450


$
48


14,963


$
80

Residential
759


6


935


1

Home equity
8





26



Individuals' loans for household and other personal expenditures
12




7



Total
$
17,714


$
54


$
16,997


$
81

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial loans
$
465







Agriculture production financing and other loans to farmers





$
657




Real estate Loans:
 

 




Construction
1,352


 




Commercial and farmland
767




2,848



Residential
1,709


$
12


1,062


$
6

Home equity
305


2


260


2

Total
$
4,598


$
14


$
4,827


$
8

Total Impaired Loans
$
22,312


$
68


$
21,824


$
89

 
 
 
 
 
 
 
 
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, 2018
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,465,692


$
58,916


$
29,561







 

 

$
1,554,169

Agriculture production financing and other loans to farmers
57,888


16,599


23,828








 

98,315

Real estate Loans:
 

 

 

 



 

 

 
Construction
553,131


1,363


11,918






$
23,552


$
129


590,093

Commercial and farmland
2,557,293


64,356


88,312


$
1,117




2,914


2


2,713,994

Residential
179,135


5,198


5,340


31




753,126


5,814


948,644

Home equity
27,372


532


344






480,830


1,467


510,545

Individuals' loans for household and other personal expenditures
 

 

 

 



88,159


76


88,235

Lease financing receivables, net of unearned income
2,193






 









2,193

Other commercial loans
395,155




353


 



 

 

395,508

Loans
$
5,237,859


$
146,964


$
159,656


$
1,148




$
1,348,581


$
7,488


$
6,901,696


 
December 31, 2017
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,418,401


$
51,336


$
23,386


$
370





 

 

$
1,493,493

Agriculture production financing and other loans to farmers
73,800


27,502


20,018


387


$
50


 

 

121,757

Real estate Loans:


 



 



 

 

 
Construction
587,906


828


981


 



$
22,374


$
130


612,219

Commercial and farmland
2,408,329


70,074


79,769


1,536





2,980


3


2,562,691

Residential
185,725


4,376


4,209


114





759,900


8,441


962,765

Home equity
28,554


457


286


 



482,661


2,063


514,021

Individuals' loans for household and other personal expenditures
 

 

 

 



86,875


60


86,935

Lease financing receivables, net of unearned income
2,527


 



 








2,527

Other commercial loans
394,222





569


 





 

 

394,791

Loans
$
5,099,464


$
154,573


$
129,218


$
2,407


$
50


$
1,354,790


$
10,697


$
6,751,199
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, 2018, and December 31, 2017:
 
March 31, 2018
 
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
$
1,549,330


$
1,062


$
49


$
490


$
3,238


$
4,839


$
1,554,169

Agriculture production financing and other loans to farmers
89,198


8,479








638


9,117


98,315

Real estate loans:


 

 

 



 

 
Construction
588,424


188






1,481


1,669


590,093

Commercial and farmland
2,693,020


5,589


1,378


63


13,944


20,974


2,713,994

Residential
938,960


2,577


305


37


6,765


9,684


948,644

Home equity
506,922


1,638


481


119


1,385


3,623


510,545

Individuals' loans for household and other personal expenditures
87,933


170


57


29


46


302


88,235

Lease financing receivables, net of unearned income
2,193




 









2,193

Other commercial loans
395,508














395,508

Loans
$
6,851,488


$
19,703


$
2,270


$
738


$
27,497


$
50,208


$
6,901,696

 
December 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
$
1,487,221


$
2,967


$
30





$
3,275


$
6,272


$
1,493,493

Agriculture production financing and other loans to farmers
120,720


10






1,027


1,037


121,757

Real estate loans:
 

 

 

 

 



 
Construction
610,896


1,193





$
65


65


1,323


612,219

Commercial and farmland
2,542,048


6,923


166


603


12,951


20,643


2,562,691

Residential
948,947


4,010


308


56


9,444


13,818


962,765

Home equity
510,362


1,372


184


175


1,928


3,659


514,021

Individuals' loans for household and other personal expenditures
85,744


298


834


25


34


1,191


86,935

Lease financing receivables, net of unearned income
2,527


 

 

 





2,527

Other commercial loans
394,791


 



 







394,791

Loans
$
6,703,256


$
16,773


$
1,522


$
924


$
28,724


$
47,943


$
6,751,199
Schedules of troubled debt restructurings
The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the periods indicated:

Three Months Ended March 31, 2018

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Real estate loans:
 

 

 
Residential
$
214


$
222


5

Home equity
16


16


2

Individuals' loans for household and other personal expenditures
7


8


1

Total
$
237


$
246


8



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




The following tables summarize the recorded investment of troubled debt restructures as of March 31, 2018 and 2017, by modification type, that occurred during the periods indicated:

Three Months Ended March 31, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
38


$
74


$
106


$
218

           Home equity
16


10





26

Individuals' loans for household and other personal expenditures


7





7

Total
$
54


$
91


$
106


$
251

 
 
 
 
 
 
 
 

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


 
 
 
 
 
 
 
 
Troubled debt restructurings that subsequently defaulted
For purposes of this schedule, a loan is considered in default if it is 30 or more days past due.

Three Months Ended March 31, 2018

Number of Loans

Recorded Balance
Real estate loans:
 

 
Commercial and farmland
1


$
324

Residential
3


108

Total
4


$
432


Three Months Ended March 31, 2017

Number of Loans

Recorded Balance
Real estate loans:
 

 
Commercial and farmland
1

$
223

Total
1

$
223