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Loans and Allowance (Tables)
 12 Months Ended
Dec. 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 years indicated:

December 31, 2018

December 31, 2017

 

 
Commercial and industrial loans
$
1,726,664


$
1,493,493

Agricultural production financing and other loans to farmers
92,404


121,757

Real estate loans:



Construction
545,729


612,219

Commercial and farmland
2,832,102


2,562,691

Residential
966,421


962,765

Home equity
528,157


514,021

Individuals' loans for household and other personal expenditures
99,788


86,935

Lease financing receivables, net of unearned income
1,600


2,527

Other commercial loans
431,602


394,791

Loans
7,224,467


6,751,199

Allowance for loan losses
(80,552
)

(75,032
)
Net Loans
$
7,143,915


$
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 twelve months ended December 31, 2018, 2017, and 2016:
 
Twelve Months Ended December 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
2,097


2,482


679


1,969





7,227

Recoveries on loans
2,456


2,525


302


993





6,276

Loans charged off
(2,316
)

(2,741
)

(749
)

(2,177
)




(7,983
)
Balances, December 31, 2018
$
32,655


$
29,609


$
3,964


$
14,322


$
2


$
80,552

 
 
Twelve Months Ended December 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
2,515


3,159


1,078


2,391





9,143

Recoveries on loans
1,590


2,260


324


706





4,880

Loans charged off
(1,383
)

(1,737
)

(593
)

(1,315
)




(5,028
)
Balances, December 31, 2017
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

 


 
Twelve Months Ended December 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
1,876


1,834


432


1,515





5,657

Recoveries on loans
1,806


2,090


369


1,091





5,356

Loans charged off
(2,464
)

(2,408
)

(567
)

(1,990
)




(7,429
)
Balances, December 31, 2016
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037
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 for the years indicated. At December 31, 2018 and 2017, there was no related allowance for loan losses for loans acquired with deteriorated credit quality.

December 31, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance balances:
 

 

 

 

 

 
Individually evaluated for impairment



$
1,435


$
1


$
436




$
1,872

Collectively evaluated for impairment
$
32,655


28,174


3,963


13,886


$
2


78,680

Total allowance for loan losses
$
32,655


$
29,609


$
3,964


$
14,322


$
2


$
80,552

Loan balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,838


$
17,756


$
18


$
2,413




$
22,025

Collectively evaluated for impairment
2,246,730


3,347,686


99,770


1,490,872


$
1,600


7,186,658

Loans acquired with deteriorated credit quality
2,102


12,389





1,293





15,784

Loans
$
2,250,670


$
3,377,831


$
99,788


$
1,494,578


$
1,600


$
7,224,467



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 for the years indicated:

December 31, 2018

December 31, 2017
Commercial and industrial loans
$
1,803


$
3,275

Agriculture production financing and other loans to farmers
679

 
1,027

Real estate loans:



 
Construction
8,667


65

Commercial and farmland
8,156


12,951

Residential
4,966


9,444

Home equity
1,481


1,928

Individuals' loans for household and other personal expenditures
42


34

Other commercial loans
354


Total
$
26,148


$
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 for the years indicated:
 
December 31, 2018
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
828


$
806


 

$
833




Agriculture production financing and other loans to farmers
679


679


 

679



Real estate loans:




 




Construction
1,352


614


 

835




Commercial and farmland
11,176


8,994


 

12,975


$
165

Residential
118


100


 

101


3

Home equity
49


48


 

48




Other commercial loans
353


353


 

353




Total
$
14,555


$
11,594


 


$
15,824


$
168

Impaired loans with related allowance:
 

 

 

 

 
Real estate loans:








 
Construction
$
7,978


$
7,977


$
1,429


$
7,977



Commercial and farmland
171


171


6


171




Residential
1,958


1,907


362


1,915


57

Home equity
376


358


74


365


10

Individuals' loans for household and other personal expenditures
18


18


1


20


$
1

Total
$
10,501


$
10,431


$
1,872


$
10,448


$
68

Total Impaired Loans
$
25,056


$
22,025


$
1,872


$
26,272


$
236


 
December 31, 2017
 
Unpaid Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Average Recorded Investment
 
Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
7,611


$
1,536





$
3,839




Agriculture production financing and other loans to farmers
732


700





762




Real estate loans:
 
 
 
 
 
 
 
 
 
Commercial and farmland
16,758


15,163




17,495


$
360

Residential
833


519




635




Home equity
40


8




14




Individuals' loans for household and other personal expenditures
5


5




7




Total
$
25,979


$
17,931




$
22,752


$
360

Impaired loans with related allowance:









Commercial and industrial loans
$
812


$
782


$
552


$
1,517




Agriculture production financing and other loans to farmers
357

 
327

 
114

 
327

 


Real estate loans:









Commercial and farmland
2,988


2,269


567


2,379




Residential
1,616


1,572


327


1,580


$
28

Home equity
350


330


77


332


11

Total
$
6,123


$
5,280


$
1,637


$
6,135


$
39

Total Impaired Loans
$
32,102


$
23,211


$
1,637


$
28,887


$
399







 
December 31, 2016
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
4,028


$
1,696




$
1,770


$
37

Agriculture production financing and other loans to farmers
367


338




357



Real estate loans:









Commercial and farmland
22,828


17,752




18,944


288

Residential
2,073


1,402




1,665


2

Home equity
60


30




30




Individuals' loans for household and other personal expenditures
9


9





9




Total
$
29,365


$
21,227


 

$
22,775


$
327

Impaired loans with related allowance:
 

 

 

 

 
Agriculture production financing and other loans to farmers
$
660


$
660


$
36


$
690



Real estate loans:









Commercial and farmland
4,237


2,985


553


2,990




Residential
968


877


233


872


$
14

Home equity
290


266


66


266


6

Total
$
6,155


$
4,788


$
888


$
4,818


$
20

Total Impaired Loans
$
35,520


$
26,015


$
888


$
27,593


$
347
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 years indicated. Consumer non-performing loans include accruing consumer loans 90-days or more 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 the probability, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.
 
December 31, 2018
 
Commercial Pass

Commercial Special Mention

Commercial Substandard

Commercial Doubtful

Commercial Loss

Consumer Performing

Consumer
Non Performing

Total
Commercial and industrial loans
$
1,660,879


$
23,246


$
42,539








 

$
1,726,664

Agriculture production financing and other loans to farmers
78,446


5,966


7,992








 

92,404

Real estate loans:












 


Construction
492,358


2,185


24,224






$
25,419


$
1,543


545,729

Commercial and farmland
2,669,491


76,037


84,288






2,285


1


2,832,102

Residential
170,075


7,373


2,076






782,080


4,817


966,421

Home equity
24,653


535


457




 

500,996


1,516


528,157

Individuals' loans for household and other personal expenditures






 

 

99,741


47


99,788

Lease financing receivables, net of unearned income
1,600








 






1,600

Other commercial loans
431,249





353




 





431,602

Loans
$
5,528,751


$
115,342


$
161,929






$
1,410,521


$
7,924


$
7,224,467



 
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, for the years indicated:

December 31, 2018
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans 90 Days or More Past Due
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
1,723,337


$
1,093


$
182


$
249


$
1,803


$
3,327


$
1,726,664

Agriculture production financing and other loans to farmers
89,440


2,285








679


2,964


92,404

Real estate loans:













Construction
535,520


64




1,478


8,667


10,209


545,729

Commercial and farmland
2,822,515


1,253


178





8,156


9,587


2,832,102

Residential
959,252


1,756


430


17


4,966


7,169


966,421

Home equity
524,198


2,164


207


107


1,481


3,959


528,157

Individuals' loans for household and other personal expenditures
99,499


179


64


4


42


289


99,788

Lease financing receivables, net of unearned income
1,600














1,600

Other commercial loans
431,248









354


354


431,602

Loans
$
7,186,609


$
8,794


$
1,061


$
1,855


$
26,148


$
37,858


$
7,224,467

 
 

December 31, 2017
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans 90 Days or More Past Due
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 Restructuring
The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the periods ended December 31, 2018 and 2017:
 
December 31, 2018

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Real estate loans:
 
 
 
 
 
Commercial and farmland
$
85

 
$
85

 
1

Residential
490

 
487

 
11

Home equity
81

 
81

 
3

Individuals' loans for household and other personal expenditures
65

 
66

 
3

Total
$
721

 
$
719

 
18

 
 




 
December 31, 2017

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and industrial loans
$
599


$
376


3

Agriculture production financing and other loans to farmers
387

 
387

 
3

Real estate loans:


 

 
Commercial and farmland
1,022


1,156


8

Residential
788


862


15

Home equity
195

 
107

 
4

Individuals' loans for household and other personal expenditures
13


14


1

Total
$
3,004


$
2,902


34




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

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 
 

 
 

 
 

Commercial and farmland
$
85

 


 


 
$
85

Residential

 
$
209

 
$
239

 
448

Home equity
106

 
74

 
 
 
180

Individuals' loans for household and other personal expenditures
58

 
6

 
 
 
64

Total
$
249

 
$
289

 
$
239

 
$
777



 
December 31, 2017

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
203




$
166


$
369

Agriculture production financing and other loans to farmers
387

 

 
 
 
387

Real estate loans:
 

 

 

 
Commercial and farmland
705


$
59


232


996

Residential



761


85


846

Home equity



105





105

Individuals' loans for household and other personal expenditures



14




14

Total
$
1,295


$
939


$
483


$
2,717

The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2018 and 2017, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30-days or more past due.

Twelve Months Ended December 31, 2018
 
Number of Loans

Recorded Balance
Real estate loans:
 
 
 
Residential
2

 
$
75

Total
2


$
75


Twelve Months Ended December 31, 2017
 
Number of Loans

Recorded Balance
Real estate loans:



Commercial and farmland
1


$
14

Residential
4


323

Total
5


$
337