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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 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:
 
June 30,
2020		December 31, 2019
Commercial, financial, agricultural$2,416,243  $1,052,353  
Lease financing84,271  85,700  
Real estate – construction:
Residential291,983  272,643  
Commercial464,889  502,258  
Total real estate – construction756,872  774,901  
Real estate – 1-4 family mortgage:
Primary1,476,196  1,449,219  
Home equity440,774  456,265  
Rental/investment277,647  291,931  
Land development148,370  152,711  
Total real estate – 1-4 family mortgage2,342,987  2,350,126  
Real estate – commercial mortgage:
Owner-occupied1,270,197  1,209,204  
Non-owner occupied2,011,744  1,803,587  
Land development118,777  116,085  
Total real estate – commercial mortgage3,400,718  3,128,876  
Installment loans to individuals208,502  199,843  
Gross loans9,209,593  7,591,799  
Unearned income(3,492) (3,825) 
Loans, net of unearned income$9,206,101  $7,587,974  
The following is a summary of purchased loans as of the dates presented:
 
June 30,
2020		December 31, 2019
Commercial, financial, agricultural$225,355  $315,619  
Real estate – construction:
Residential3,948  16,407  
Commercial30,288  35,175  
Total real estate – construction34,236  51,582  
Real estate – 1-4 family mortgage:
Primary280,057  332,729  
Home equity102,694  117,275  
Rental/investment41,156  43,169  
Land development21,619  23,314  
Total real estate – 1-4 family mortgage445,526  516,487  
Real estate – commercial mortgage:
Owner-occupied390,477  428,077  
Non-owner occupied582,569  647,308  
Land development36,989  40,004  
Total real estate – commercial mortgage1,010,035  1,115,389  
Installment loans to individuals76,051  102,587  
Loans, net of unearned income$1,791,203  $2,101,664  
The following is a summary of total non purchased and purchased loans as of the dates presented:
 
June 30,
2020		December 31, 2019
Commercial, financial, agricultural$2,641,598  $1,367,972  
Lease financing84,271  85,700  
Real estate – construction:
Residential295,931  289,050  
Commercial495,177  537,433  
Total real estate – construction791,108  826,483  
Real estate – 1-4 family mortgage:
Primary1,756,253  1,781,948  
Home equity543,468  573,540  
Rental/investment318,803  335,100  
Land development169,989  176,025  
Total real estate – 1-4 family mortgage2,788,513  2,866,613  
Real estate – commercial mortgage:
Owner-occupied1,660,674  1,637,281  
Non-owner occupied2,594,313  2,450,895  
Land development155,766  156,089  
Total real estate – commercial mortgage4,410,753  4,244,265  
Installment loans to individuals284,553  302,430  
Gross loans11,000,796  9,693,463  
Unearned income(3,492) (3,825) 
Loans, net of unearned income10,997,304  9,689,638  
Allowance for credit losses on loans(145,387) (52,162) 
Net loans$10,851,917  $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 for the period presented:
CommercialReal Estate -
Construction		Real Estate -
1-4 Family
Mortgage		Real Estate  -
Commercial
Mortgage		Lease FinancingInstallment
Loans to Individuals		Total
Three Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance$25,937  $10,924  $27,320  $44,237  $1,588  $10,179  $120,185  
Charge-offs(1,156) (532) (142) —  —  (1,736) (3,566) 
Recoveries108  —  48  41  5  1,666  1,868  
Net (charge-offs) recoveries(1,048) (532) (94) 41  5  (70) (1,698) 
Provision for credit losses on loans5,796  2,146  2,175  15,783  219  781  26,900  
Ending balance$30,685  $12,538  $29,401  $60,061  $1,812  $10,890  $145,387  
Six Months Ended June 30, 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 32611,351  3,505  14,314  4,293  521  8,500  42,484  
Charge-offs(1,549) (532) (363) (2,047) —  (4,424) (8,915) 
Recoveries298  —  136  1,740  10  4,222  6,406  
Net (charge-offs) recoveries(1,251) (532) (227) (307) 10  (202) (2,509) 
Provision for credit losses on loans9,927  4,536  5,500  31,085  371  1,831  53,250  
Ending balance$30,685  $12,538  $29,401  $60,061  $1,812  $10,890  $145,387  
Period-End Amount Allocated to:
Individually evaluated$3,882  $—  $378  $550  $—  $270  $5,080  
Collectively evaluated 26,803  12,538  29,023  59,511  1,812  10,620  140,307  
Ending balance$30,685  $12,538  $29,401  $60,061  $1,812  $10,890  $145,387  
Loans:
Individually evaluated$9,736  $—  $5,142  $7,883  $—  $626  $23,387  
Collectively evaluated 2,631,862  791,108  2,783,371  4,402,870  80,779  283,927  10,973,917  
Ending balance$2,641,598  $791,108  $2,788,513  $4,410,753  $80,779  $284,553  $10,997,304  
Nonaccruing loans with no allowance for credit losses$720  $—  $2,503  $3,910  $—  $2  $7,135  
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:
CommercialReal Estate -
Construction		Real Estate -
1-4 Family
Mortgage		Real Estate  -
Commercial
Mortgage
Installment
and  Other(1)
Total
Three Months Ended June 30, 2019
Allowance for credit losses:
Beginning balance$9,622  $4,778  $9,491  $24,643  $1,301  $49,835  
Charge-offs(694) —  (378) (167) (212) (1,451) 
Recoveries241  —  115  366  53  775  
Net (charge-offs) recoveries(453) —  (263) 199  (159) (676) 
Provision for credit losses on loans365  524  388  (540) 163  900  
Ending balance$9,534  $5,302  $9,616  $24,302  $1,305  $50,059  
Six Months Ended June 30, 2019
Allowance for credit losses:
Beginning balance$8,269  $4,755  $10,139  $24,492  $1,371  $49,026  
Charge-offs(952) —  (875) (729) (432) (2,988) 
Recoveries615  7  312  611  76  1,621  
Net (charge-offs) recoveries(337) 7  (563) (118) (356) (1,367) 
Provision for credit losses on loans1,602  540  40  (72) 290  2,400  
Ending balance$9,534  $5,302  $9,616  $24,302  $1,305  $50,059  
Period-End Amount Allocated to:
Individually evaluated for impairment$1,191  $8  $188  $482  $4  $1,873  
Collectively evaluated for impairment8,172  5,294  8,913  21,842  1,299  45,520  
Purchased with deteriorated credit quality171  —  515  1,978  2  2,666  
Ending balance$9,534  $5,302  $9,616  $24,302  $1,305  $50,059  
(1)Includes lease financing receivables.
Investment in loans, net of unearned income on impairment methodology
CommercialReal 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 impairment1,329,974  813,204  2,810,808  4,131,582  380,627  9,466,195  
Purchased with deteriorated credit quality29,538  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 June 30, 2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance$14,735  
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) 2,600  
Ending balance$17,335  
Six Months Ended June 30, 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)6,000  
Ending balance$17,335