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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Summary of loans
The following is a summary of non purchased loans and leases at December 31: 
 
2018
 
2017
Commercial, financial, agricultural
$
875,649

 
$
763,823

Lease financing
64,992

 
57,354

Real estate – construction
635,519

 
547,658

Real estate – 1-4 family mortgage
2,087,890

 
1,729,534

Real estate – commercial mortgage
2,628,365

 
2,390,076

Installment loans to individuals
100,424

 
103,452

Gross loans
6,392,839

 
5,591,897

Unearned income
(3,127
)
 
(3,341
)
Loans, net of unearned income
$
6,389,712

 
$
5,588,556

The following is a summary of purchased loans at December 31: 
 
2018
 
2017
Commercial, financial, agricultural
$
420,263

 
$
275,570

Lease financing
—

 
—

Real estate – construction
105,149

 
85,731

Real estate – 1-4 family mortgage
707,453

 
614,187

Real estate – commercial mortgage
1,423,144

 
1,037,454

Installment loans to individuals
37,408

 
18,824

Gross loans
2,693,417

 
2,031,766

Unearned income
—

 
—

Loans, net of unearned income
$
2,693,417

 
$
2,031,766

The following is a summary of non purchased and purchased loans and leases at December 31: 
 
2018
 
2017
Commercial, financial, agricultural
$
1,295,912

 
$
1,039,393

Lease financing
64,992

 
57,354

Real estate – construction
740,668

 
633,389

Real estate – 1-4 family mortgage
2,795,343

 
2,343,721

Real estate – commercial mortgage
4,051,509

 
3,427,530

Installment loans to individuals
137,832

 
122,276

Gross loans
9,086,256

 
7,623,663

Unearned income
(3,127
)
 
(3,341
)
Loans, net of unearned income
9,083,129

 
7,620,322

Allowance for loan losses
(49,026
)
 
(46,211
)
Net loans
$
9,034,103

 
$
7,574,111
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, 2018
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,542

 
$
3,428

 
$
12,009

 
$
23,384

 
$
1,848

 
$
46,211

Charge-offs
(2,415
)
 
(51
)
 
(2,023
)
 
(1,197
)
 
(742
)
 
(6,428
)
Recoveries
618

 
13

 
573

 
1,108

 
121

 
2,433

Net charge-offs
(1,797
)
 
(38
)
 
(1,450
)
 
(89
)
 
(621
)
 
(3,995
)
Provision for loan losses charged to operations
4,524

 
1,365

 
(420
)
 
1,197

 
144

 
6,810

Ending balance
$
8,269

 
$
4,755

 
$
10,139

 
$
24,492

 
$
1,371

 
$
49,026

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
336

 
$
68

 
$
79

 
$
1,027

 
$
4

 
$
1,514

Collectively evaluated for impairment
7,772

 
4,687

 
9,572

 
21,564

 
1,365

 
44,960

Purchased with deteriorated credit quality
161

 
—

 
488

 
1,901

 
2

 
2,552

Ending balance
$
8,269

 
$
4,755

 
$
10,139

 
$
24,492

 
$
1,371

 
$
49,026

 
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

Purchased with deteriorated credit quality
312

 
—

 
572

 
892

 
1

 
1,777

Ending balance
$
5,542

 
$
3,428

 
$
12,009

 
$
23,384

 
$
1,848

 
$
46,211

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

Purchased 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

 
 
 
 
 
 
 
 
 
 
 
 
(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 Brand as of the September 1, 2018 acquisition date.
At acquisition date:
 
September 1, 2018
  Contractually-required principal and interest
 
$
1,625,137

  Nonaccretable difference
 
(123,399
)
  Cash flows expected to be collected
 
1,501,738

  Accretable yield
 
(170,651
)
      Fair value
 
$
1,331,087

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 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, 2018
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
2,445

 
$
10,043

 
$
14,238

 
$
8,059

 
$
493

 
$
35,278

Collectively evaluated for impairment
1,264,324

 
730,625

 
2,732,862

 
3,903,012

 
194,774

 
8,825,597

Acquired with deteriorated credit quality
29,143

 
—

 
48,243

 
140,438

 
4,430

 
222,254

Ending balance
$
1,295,912

 
$
740,668

 
$
2,795,343

 
$
4,051,509

 
$
199,697

 
$
9,083,129

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

(1)
Includes lease financing receivables.