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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Summary of loans
The following is a summary of non purchased loans and leases at December 31: 
 
2017
 
2016
Commercial, financial, agricultural
$
763,823

 
$
589,290

Lease financing
57,354

 
49,250

Real estate – construction
547,658

 
483,926

Real estate – 1-4 family mortgage
1,729,534

 
1,425,730

Real estate – commercial mortgage
2,390,076

 
2,075,137

Installment loans to individuals
103,452

 
92,648

Gross loans
5,591,897

 
4,715,981

Unearned income
(3,341
)
 
(2,409
)
Loans, net of unearned income
$
5,588,556

 
$
4,713,572

The following is a summary of purchased loans at December 31: 
 
2017
 
2016
Commercial, financial, agricultural
$
275,570

 
$
128,200

Lease financing
—

 
—

Real estate – construction
85,731

 
68,753

Real estate – 1-4 family mortgage
614,187

 
452,447

Real estate – commercial mortgage
1,037,454

 
823,758

Installment loans to individuals
18,824

 
15,979

Gross loans
2,031,766

 
1,489,137

Unearned income
—

 
—

Loans, net of unearned income
$
2,031,766

 
$
1,489,137

The following is a summary of non purchased and purchased loans and leases at December 31: 
 
2017
 
2016
Commercial, financial, agricultural
$
1,039,393

 
$
717,490

Lease financing
57,354

 
49,250

Real estate – construction
633,389

 
552,679

Real estate – 1-4 family mortgage
2,343,721

 
1,878,177

Real estate – commercial mortgage
3,427,530

 
2,898,895

Installment loans to individuals
122,276

 
108,627

Gross loans
7,623,663

 
6,205,118

Unearned income
(3,341
)
 
(2,409
)
Loans, net of unearned income
7,620,322

 
6,202,709

Allowance for loan losses
(46,211
)
 
(42,737
)
Net loans
$
7,574,111

 
$
6,159,972
Rollforward of the allowance for loan losses
The following table provides a roll-forward 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, 2017
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,486

 
$
2,380

 
$
14,294

 
$
19,059

 
$
1,518

 
$
42,737

Charge-offs
(2,874
)
 
—

 
(1,713
)
 
(1,791
)
 
(630
)
 
(7,008
)
Recoveries
422

 
105

 
733

 
1,565

 
107

 
2,932

Net charge-offs
(2,452
)
 
105

 
(980
)
 
(226
)
 
(523
)
 
(4,076
)
Provision for loan losses charged to operations
2,508

 
943

 
(1,305
)
 
4,551

 
853

 
7,550

Ending balance
$
5,542

 
$
3,428

 
$
12,009

 
$
23,384

 
$
1,848

 
$
46,211

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
190

 
$
4

 
$
606

 
$
1,867

 
$
7

 
$
2,674

Collectively evaluated for impairment
5,040

 
3,424

 
10,831

 
20,625

 
1,840

 
41,760

Acquired with deteriorated credit quality
312

 
—

 
572

 
892

 
1

 
1,777

Ending balance
$
5,542

 
$
3,428

 
$
12,009

 
$
23,384

 
$
1,848

 
$
46,211

 
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

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

(1)
 Includes lease financing receivables.
Investment in loans, net of unearned income on impairment methodology
The following table presents the fair value of loans purchased from Metropolitan as of the July 1, 2017 acquisition date.
At acquisition date:
 
July 1, 2017
  Contractually-required principal and interest
 
$
1,198,741

  Nonaccretable difference
 
(79,165
)
  Cash flows expected to be collected
 
1,119,576

  Accretable yield
 
(154,543
)
      Fair value
 
$
965,033


 The following table presents the fair value of loans purchased from KeyWorth as of the April 1, 2016 acquisition date.
At acquisition date:
 
April 1, 2016
  Contractually-required principal and interest
 
$
289,495

  Nonaccretable difference
 
(3,848
)
  Cash flows expected to be collected
 
285,647

  Accretable yield
 
(13,317
)
      Fair value
 
$
272,330

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, 2017
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
3,064

 
$
1,777

 
$
14,482

 
$
10,545

 
$
439

 
$
30,307

Collectively evaluated for impairment
1,021,014

 
631,612

 
2,275,270

 
3,260,648

 
174,211

 
7,362,755

Acquired with deteriorated credit quality
15,315

 
—

 
53,969

 
156,337

 
1,639

 
227,260

Ending balance
$
1,039,393

 
$
633,389

 
$
2,343,721

 
$
3,427,530

 
$
176,289

 
$
7,620,322

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

(1)
Includes lease financing receivables.