XML 64 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Summary of loans
The following is a summary of non purchased loans and leases at December 31: 
 
2016
 
2015
Commercial, financial, agricultural
$
589,290

 
$
485,407

Lease financing
49,250

 
35,978

Real estate – construction
483,926

 
291,701

Real estate – 1-4 family mortgage
1,425,730

 
1,204,228

Real estate – commercial mortgage
2,075,137

 
1,729,049

Installment loans to individuals
92,648

 
85,234

Gross loans
4,715,981

 
3,831,597

Unearned income
(2,409
)
 
(1,163
)
Loans, net of unearned income
4,713,572

 
3,830,434

The following is a summary of purchased loans at December 31: 
 
2016
 
2015
Commercial, financial, agricultural
$
128,200

 
$
151,430

Lease financing
—

 
—

Real estate – construction
68,753

 
65,964

Real estate – 1-4 family mortgage
452,447

 
531,095

Real estate – commercial mortgage
823,758

 
804,680

Installment loans to individuals
15,979

 
29,859

Gross loans
1,489,137

 
1,583,028

Unearned income
—

 
—

Loans, net of unearned income
1,489,137

 
1,583,028

The following is a summary of non purchased and purchased loans and leases at December 31: 
 
2016
 
2015
Commercial, financial, agricultural
$
717,490

 
$
636,837

Lease financing
49,250

 
35,978

Real estate – construction
552,679

 
357,665

Real estate – 1-4 family mortgage
1,878,177

 
1,735,323

Real estate – commercial mortgage
2,898,895

 
2,533,729

Installment loans to individuals
108,627

 
115,093

Gross loans
6,205,118

 
5,414,625

Unearned income
(2,409
)
 
(1,163
)
Loans, net of unearned income
6,202,709

 
5,413,462

Allowance for loan losses
(42,737
)
 
(42,437
)
Net loans
$
6,159,972

 
$
5,371,025
Rollforward of the allowance for loan losses
The following table provides a rollforward of the allowance for loan losses and a breakdown of the ending balance of the allowance based on the Company’s impairment methodology for the periods presented:
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
4,186

 
$
1,852

 
$
13,908

 
$
21,111

 
$
1,380

 
$
42,437

Charge-offs
(2,725
)
 
—

 
(3,906
)
 
(2,123
)
 
(717
)
 
(9,471
)
Recoveries
331

 
47

 
997

 
757

 
109

 
2,241

Net charge-offs
(2,394
)
 
47

 
(2,909
)
 
(1,366
)
 
(608
)
 
(7,230
)
Provision for loan losses
3,716

 
364

 
2,616

 
(879
)
 
787

 
6,604

Benefit attributable to FDIC loss share agreements
(61
)
 
—

 
(115
)
 
(48
)
 
(41
)
 
(265
)
Recoveries payable to FDIC
39

 
117

 
794

 
241

 
—

 
1,191

Provision for loan losses charged to operations
3,694

 
481

 
3,295

 
(686
)
 
746

 
7,530

Ending balance
$
5,486

 
$
2,380

 
$
14,294

 
$
19,059

 
$
1,518

 
$
42,737

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
446

 
$
1

 
$
1,134

 
$
2,445

 
$
115

 
$
4,141

Collectively evaluated for impairment
4,668

 
2,379

 
12,319

 
15,008

 
1,402

 
35,776

Acquired with deteriorated credit quality
372

 
—

 
841

 
1,606

 
1

 
2,820

Ending balance
$
5,486

 
$
2,380

 
$
14,294

 
$
19,059

 
$
1,518

 
$
42,737

 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
3,305

 
$
1,415

 
$
13,549

 
$
22,759

 
$
1,261

 
$
42,289

Charge-offs
(943
)
 
(26
)
 
(2,173
)
 
(2,613
)
 
(1,021
)
 
(6,776
)
Recoveries
361

 
26

 
1,064

 
614

 
109

 
2,174

Net charge-offs
(582
)
 
—

 
(1,109
)
 
(1,999
)
 
(912
)
 
(4,602
)
Provision for loan losses
1,489

 
435

 
650

 
312

 
1,027

 
3,913

Benefit attributable to FDIC loss share agreements
(64
)
 
—

 
(91
)
 
(717
)
 
—

 
(872
)
Recoveries payable to FDIC
38

 
2

 
909

 
756

 
4

 
1,709

Provision for loan losses charged to operations
1,463

 
437

 
1,468

 
351

 
1,031

 
4,750

Ending balance
$
4,186

 
$
1,852

 
$
13,908

 
$
21,111

 
$
1,380

 
$
42,437

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
6

 
$
20

 
$
4,475

 
$
3,099

 
$
—

 
$
7,600

Collectively evaluated for impairment
3,827

 
1,832

 
9,177

 
16,916

 
1,379

 
33,131

Acquired with deteriorated credit quality
353

 
—

 
256

 
1,096

 
1

 
1,706

Ending balance
$
4,186

 
$
1,852

 
$
13,908

 
$
21,111

 
$
1,380

 
$
42,437

Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
3,090

 
$
1,091

 
$
18,629

 
$
23,688

 
$
1,167

 
$
47,665

Charge-offs
(1,516
)
 
—

 
(5,662
)
 
(6,186
)
 
(495
)
 
(13,859
)
Recoveries
455

 
33

 
1,325

 
436

 
67

 
2,316

Net charge-offs
(1,061
)
 
33

 
(4,337
)
 
(5,750
)
 
(428
)
 
(11,543
)
Provision for loan losses
1,297

 
290

 
(452
)
 
9,260

 
522

 
10,917

Benefit attributable to FDIC loss share agreements
(204
)
 
—

 
(816
)
 
(5,258
)
 
—

 
(6,278
)
Recoveries payable to FDIC
183

 
1

 
525

 
819

 
—

 
1,528

Provision for loan losses charged to operations
$
1,276

 
$
291

 
$
(743
)
 
$
4,821

 
$
522

 
$
6,167

Ending balance
$
3,305

 
$
1,415

 
$
13,549

 
$
22,759

 
$
1,261

 
$
42,289

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5

 
$
—

 
$
4,786

 
$
5,465

 
$
—

 
$
10,256

Collectively evaluated for impairment
3,020

 
1,415

 
8,483

 
16,130

 
1,260

 
30,308

Acquired with deteriorated credit quality
280

 
—

 
280

 
1,164

 
1

 
1,725

Ending balance
$
3,305

 
$
1,415

 
$
13,549

 
$
22,759

 
$
1,261

 
$
42,289

(1) 
 Includes lease financing receivables.
Investment in loans, net of unearned income on impairment methodology
The following table provides the recorded investment in loans, net of unearned income, based on the Company’s impairment methodology as of the dates presented:
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
487

 
$
145

 
$
1,496

 
$
2,275

 
$
135

 
$
4,538

Collectively evaluated for impairment
115,719

 
67,768

 
378,999

 
636,496

 
13,859

 
1,212,841

Acquired with deteriorated credit quality
11,994

 
840

 
71,952

 
184,987

 
1,985

 
271,758

Ending balance
$
128,200

 
$
68,753

 
$
452,447

 
$
823,758

 
$
15,979

 
$
1,489,137

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
14

 
$
2,698

 
$
655

 
$
1,193

 
$
23

 
$
4,583

Collectively evaluated for impairment
134,927

 
60,517

 
438,791

 
580,877

 
27,168

 
1,242,280

Acquired with deteriorated credit quality
16,489

 
2,749

 
91,649

 
222,610

 
2,668

 
336,165

Ending balance
$
151,430

 
$
65,964

 
$
531,095

 
$
804,680

 
$
29,859

 
$
1,583,028

(1) 
Includes lease financing receivables.
The following table provides the recorded investment in loans, net of unearned income, based on the Company’s impairment methodology as of the dates presented:
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,886

 
$
662

 
$
12,088

 
$
13,079

 
$
277

 
$
27,992

Collectively evaluated for impairment
703,610

 
551,177

 
1,794,137

 
2,700,829

 
153,206

 
5,902,959

Acquired with deteriorated credit quality
11,994

 
840

 
71,952

 
184,987

 
1,985

 
271,758

Ending balance
$
717,490

 
$
552,679

 
$
1,878,177

 
$
2,898,895

 
$
155,468

 
$
6,202,709

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
370

 
$
2,698

 
$
16,650

 
$
16,819

 
$
90

 
$
36,627

Collectively evaluated for impairment
619,978

 
352,218

 
1,627,024

 
2,294,300

 
147,150

 
5,040,670

Acquired with deteriorated credit quality
16,489

 
2,749

 
91,649

 
222,610

 
2,668

 
336,165

Ending balance
$
636,837

 
$
357,665

 
$
1,735,323

 
$
2,533,729

 
$
149,908

 
$
5,413,462

(1) 
Includes lease financing receivables.