XML 41 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2021
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,
2021		December 31, 2020
Commercial, financial, agricultural(1)
$2,105,444 $2,360,471 
Lease financing79,271 80,022 
Real estate – construction:
Residential252,795 243,814 
Commercial680,791 583,338 
Total real estate – construction933,586 827,152 
Real estate – 1-4 family mortgage:
Primary1,576,212 1,536,181 
Home equity432,207 432,768 
Rental/investment256,979 264,436 
Land development115,522 123,179 
Total real estate – 1-4 family mortgage2,380,920 2,356,564 
Real estate – commercial mortgage:
Owner-occupied1,344,154 1,334,765 
Non-owner occupied2,221,206 2,194,739 
Land development110,800 120,125 
Total real estate – commercial mortgage3,676,160 3,649,629 
Installment loans to individuals121,136 149,862 
Gross loans9,296,517 9,423,700 
Unearned income(4,015)(4,160)
Loans, net of unearned income$9,292,502 $9,419,540 

(1)Includes Paycheck Protection Program (“PPP”) loans of $860,864 and $1,128,703 as of March 31, 2021 and December 31, 2020, respectively.
The following is a summary of purchased loans as of the dates presented:
 
March 31,
2021		December 31, 2020
Commercial, financial, agricultural$143,843 $176,513 
Real estate – construction:
Residential2,561 2,859 
Commercial19,771 28,093 
Total real estate – construction22,332 30,952 
Real estate – 1-4 family mortgage:
Primary190,539 214,770 
Home equity72,413 80,392 
Rental/investment28,800 31,928 
Land development13,389 14,654 
Total real estate – 1-4 family mortgage305,141 341,744 
Real estate – commercial mortgage:
Owner-occupied300,616 323,041 
Non-owner occupied546,663 552,728 
Land development25,588 29,454 
Total real estate – commercial mortgage872,867 905,223 
Installment loans to individuals51,723 59,675 
Loans$1,395,906 $1,514,107 
The following is a summary of total non purchased and purchased loans as of the dates presented:
 
March 31,
2021		December 31, 2020
Commercial, financial, agricultural$2,249,287 $2,536,984 
Lease financing79,271 80,022 
Real estate – construction:
Residential255,356 246,673 
Commercial700,562 611,431 
Total real estate – construction955,918 858,104 
Real estate – 1-4 family mortgage:
Primary1,766,751 1,750,951 
Home equity504,620 513,160 
Rental/investment285,779 296,364 
Land development128,911 137,833 
Total real estate – 1-4 family mortgage2,686,061 2,698,308 
Real estate – commercial mortgage:
Owner-occupied1,644,770 1,657,806 
Non-owner occupied2,767,869 2,747,467 
Land development136,388 149,579 
Total real estate – commercial mortgage4,549,027 4,554,852 
Installment loans to individuals172,859 209,537 
Gross loans10,692,423 10,937,807 
Unearned income(4,015)(4,160)
Loans, net of unearned income10,688,408 10,933,647 
Allowance for credit losses on loans(173,106)(176,144)
Net loans$10,515,302 $10,757,503 
Roll forward of the allowance for loan losses
The following tables provide 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 periods presented:
CommercialReal Estate -
Construction		Real Estate -
1-4 Family
Mortgage		Real Estate  -
Commercial
Mortgage		Lease FinancingInstallment
Loans to Individuals		Total
Three Months Ended March 31, 2021
Allowance for credit losses:
Beginning balance$39,031 $16,047 $32,165 $76,127 $1,624 $11,150 $176,144 
Charge-offs(3,498)(52)(101)(61)— (1,658)(5,370)
Recoveries289 13 261 171 11 1,587 2,332 
Net (charge-offs) recoveries(3,209)(39)160 110 11 (71)(3,038)
Provision for credit losses on loans1,770 (1,031)(631)(12)(89)(7)— 
Ending balance$37,592 $14,977 $31,694 $76,225 $1,546 $11,072 $173,106 
Period-End Amount Allocated to:
Individually evaluated$9,908 $— $232 $4,846 $— $607 $15,593 
Collectively evaluated 27,684 14,977 31,462 71,379 1,546 10,465 157,513 
Ending balance$37,592 $14,977 $31,694 $76,225 $1,546 $11,072 $173,106 
Loans:
Individually evaluated$15,435 $— $6,311 $18,508 $— $621 $40,875 
Collectively evaluated 2,233,852 955,918 2,679,750 4,530,519 75,256 172,238 10,647,533 
Ending balance$2,249,287 $955,918 $2,686,061 $4,549,027 $75,256 $172,859 $10,688,408 
Nonaccruing loans with no allowance for credit losses$1,848 $— $4,695 $2,113 $— $— $8,656 
CommercialReal Estate -
Construction		Real Estate -
1-4 Family
Mortgage		Real Estate  -
Commercial
Mortgage		Lease FinancingInstallment Loans to IndividualsTotal
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)
Recoveries190 — 88 1,699 5 2,556 4,538 
Net (charge-offs) recoveries(203)— (133)(348)5 (132)(811)
Provision for credit losses on loans4,131 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 evaluated22,284 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 evaluated1,414,116 785,167 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 
Unfunded Loan Commitments, Allowance for Credit Losses
Three Months Ended March 31, 2021
Allowance for credit losses on unfunded loan commitments:
Beginning balance$20,535 
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) — 
Ending balance$20,535 
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