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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary of total non purchased and purchased loans
The following is a summary of non purchased loans and leases as of the dates presented:
 
 
March 31,
2020
 
December 31, 2019
Commercial, financial, agricultural
$
1,144,004

 
$
1,052,353

Lease financing
88,351

 
85,700

Real estate – construction:
 
 
 
Residential
277,551

 
272,643

Commercial
467,515

 
502,258

Total real estate – construction
745,066

 
774,901

Real estate – 1-4 family mortgage:


 


Primary
1,466,887

 
1,449,219

Home equity
449,263

 
456,265

Rental/investment
285,244

 
291,931

Land development
155,233

 
152,711

Total real estate – 1-4 family mortgage
2,356,627

 
2,350,126

Real estate – commercial mortgage:
 
 
 
Owner-occupied
1,244,919

 
1,209,204

Non-owner occupied
1,874,559

 
1,803,587

Land development
122,694

 
116,085

Total real estate – commercial mortgage
3,242,172

 
3,128,876

Installment loans to individuals
229,856

 
199,843

Gross loans
7,806,076

 
7,591,799

Unearned income
(3,672
)
 
(3,825
)
Loans, net of unearned income
$
7,802,404

 
$
7,587,974


The following is a summary of purchased loans as of the dates presented:
 
 
March 31,
2020
 
December 31, 2019
Commercial, financial, agricultural
$
280,572

 
$
315,619

Real estate – construction:
 
 
 
Residential
11,449

 
16,407

Commercial
31,380

 
35,175

Total real estate – construction
42,829

 
51,582

Real estate – 1-4 family mortgage:


 


Primary
309,549

 
332,729

Home equity
114,463

 
117,275

Rental/investment
44,222

 
43,169

Land development
21,440

 
23,314

Total real estate – 1-4 family mortgage
489,674

 
516,487

Real estate – commercial mortgage:
 
 
 
Owner-occupied
418,079

 
428,077

Non-owner occupied
610,383

 
647,308

Land development
38,074

 
40,004

Total real estate – commercial mortgage
1,066,536

 
1,115,389

Installment loans to individuals
87,362

 
102,587

Loans, net of unearned income
$
1,966,973

 
$
2,101,664



The following is a summary of total non purchased and purchased loans as of the dates presented:
 
 
March 31,
2020
 
December 31, 2019
Commercial, financial, agricultural
$
1,424,576

 
$
1,367,972

Lease financing
88,351

 
85,700

Real estate – construction:
 
 
 
Residential
289,000

 
289,050

Commercial
498,895

 
537,433

Total real estate – construction
787,895

 
826,483

Real estate – 1-4 family mortgage:


 


Primary
1,776,436

 
1,781,948

Home equity
563,726

 
573,540

Rental/investment
329,466

 
335,100

Land development
176,673

 
176,025

Total real estate – 1-4 family mortgage
2,846,301

 
2,866,613

Real estate – commercial mortgage:
 
 
 
Owner-occupied
1,662,998

 
1,637,281

Non-owner occupied
2,484,942

 
2,450,895

Land development
160,768

 
156,089

Total real estate – commercial mortgage
4,308,708

 
4,244,265

Installment loans to individuals
317,218

 
302,430

Gross loans
9,773,049

 
9,693,463

Unearned income
(3,672
)
 
(3,825
)
Loans, net of unearned income
9,769,377

 
9,689,638

Allowance for credit losses on loans
(120,185
)
 
(52,162
)
Net loans
$
9,649,192

 
$
9,637,476
Roll forward of the allowance for loan losses
The following table provides a roll forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology prior to the adoption of ASC 326 for the period presented:

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Real Estate -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and  Other(1)
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
8,269

 
$
4,755

 
$
10,139

 
$
24,492

 
$
1,371

 
$
49,026

Charge-offs
(258
)
 
—

 
(497
)
 
(562
)
 
(220
)
 
(1,537
)
Recoveries
374

 
7

 
197

 
245

 
23

 
846

Net (charge-offs) recoveries
116

 
7

 
(300
)
 
(317
)
 
(197
)
 
(691
)
Provision for credit losses on loans
1,237

 
16

 
(348
)
 
468

 
127

 
1,500

Ending balance
$
9,622

 
$
4,778

 
$
9,491

 
$
24,643

 
$
1,301

 
$
49,835

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,181

 
$
58

 
$
127

 
$
842

 
$
5

 
$
2,213

Collectively evaluated for impairment
8,312

 
4,720

 
8,944

 
21,828

 
1,294

 
45,098

Purchased with deteriorated credit quality
129

 
—

 
420

 
1,973

 
2

 
2,524

Ending balance
$
9,622

 
$
4,778

 
$
9,491

 
$
24,643

 
$
1,301

 
$
49,835

(1)
Includes lease financing receivables.
The following table provides a roll forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the period presented:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Real Estate -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Lease Financing
 
Installment
Loans to Individuals
 
Total
Three Months Ended March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
10,658

 
$
5,029

 
$
9,814

 
$
24,990

 
$
910

 
$
761

 
$
52,162

Impact of the adoption of ASC 326
11,351

 
3,505

 
14,314

 
4,293

 
521

 
8,500

 
42,484

Charge-offs
(393
)
 
—

 
(221
)
 
(2,047
)
 
—

 
(2,688
)
 
(5,349
)
Recoveries
190

 
—

 
88

 
1,699

 
5

 
2,556

 
4,538

Net (charge-offs) recoveries
(203
)
 
—

 
(133
)
 
(348
)
 
5

 
(132
)
 
(811
)
Provision for credit losses on loans
4,131

 
2,390

 
3,325

 
15,302

 
152

 
1,050

 
26,350

Ending balance
$
25,937

 
$
10,924

 
$
27,320

 
$
44,237

 
$
1,588

 
$
10,179

 
$
120,185

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
3,653

 
$
—

 
$
370

 
$
856

 
$
—

 
$
270

 
$
5,149

Collectively evaluated
22,284

 
10,924

 
26,950

 
43,381

 
1,588

 
9,909

 
115,036

Ending balance
$
25,937

 
$
10,924

 
$
27,320

 
$
44,237

 
$
1,588

 
$
10,179

 
$
120,185

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated
$
10,460

 
$
2,728

 
$
5,865

 
$
7,508

 
$
—

 
$
625

 
$
27,186

Collectively evaluated
1,414,116

 
785,167

 
2,840,436

 
4,301,200

 
84,679

 
316,593

 
9,742,191

Ending balance
$
1,424,576

 
$
787,895

 
$
2,846,301

 
$
4,308,708

 
$
84,679

 
$
317,218

 
$
9,769,377

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonaccruing loans with no allowance for credit losses
$
4,224

 
$
2,728

 
$
3,309

 
$
2,594

 
$
—

 
$
—

 
$
12,855

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment in loans, net of unearned income on impairment methodology
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and  Other(1)
 
Total
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
8,460

 
$
12,416

 
$
20,262

 
$
9,550

 
$
491

 
$
51,179

Collectively evaluated for impairment
1,329,974

 
813,204

 
2,810,808

 
4,131,582

 
380,627

 
9,466,195

Purchased with deteriorated credit quality
29,538

 
863

 
35,543

 
103,133

 
3,187

 
172,264

Ending balance
$
1,367,972

 
$
826,483

 
$
2,866,613

 
$
4,244,265

 
$
384,305

 
$
9,689,638

 
(1)
Includes lease financing receivables.
Unfunded Loan Commitments, Allowance for Credit Losses
 
 
Three Months Ended March 31, 2020
 
Allowance for credit losses on unfunded loan commitments:
 
Beginning balance
$
946

Impact of the adoption of ASC 326
10,389

Provision for credit losses on unfunded loan commitments (included in other noninterest expense)
3,400

Ending balance
$
14,735