Loans (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Summary of non-purchased loans and leases

The following is a summary of loans and leases as of the dates presented:

	March 31, 2023		December 31, 2022
Commercial, financial, agricultural	$	1,740,778	$	1,673,883
Lease financing	128,274		122,167
Real estate – construction:
Residential	333,439		355,500
Commercial	1,090,913		974,837
Total real estate – construction	1,424,352		1,330,337
Real estate – 1-4 family mortgage:
Primary	2,288,592		2,222,856
Home equity	497,925		501,906
Rental/investment	344,705		334,382
Land development	147,758		157,119
Total real estate – 1-4 family mortgage	3,278,980		3,216,263
Real estate – commercial mortgage:
Owner-occupied	1,521,327		1,539,296
Non-owner occupied	3,447,217		3,452,910
Land development	117,269		125,857
Total real estate – commercial mortgage	5,085,813		5,118,063
Installment loans to individuals	115,356		124,745
Gross loans	11,773,553		11,585,458
Unearned income	(7,128)		(7,154)
Loans, net of unearned income	$	11,766,425	$	11,578,304

Aging of past due and nonaccrual loans

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
March 31, 2023
Commercial, financial, agricultural	$	1,978	$	—	$	1,727,418	$	1,729,396	$	13	$	2,552	$	8,817	$	11,382	$	1,740,778
Lease financing	—		—		128,274		128,274		—		—		—		—		128,274
Real estate – construction:
Residential	445		—		332,842		333,287		—		—		152		152		333,439
Commercial	—		—		1,090,913		1,090,913		—		—		—		—		1,090,913
Total real estate – construction	445		—		1,423,755		1,424,200		—		—		152		152		1,424,352
Real estate – 1-4 family mortgage:
Primary	22,507		—		2,231,330		2,253,837		11,647		8,151		14,957		34,755		2,288,592
Home equity	2,335		—		493,312		495,647		109		994		1,175		2,278		497,925
Rental/investment	780		1,738		341,076		343,594		744		87		280		1,111		344,705
Land development	27		17		147,711		147,755		—		3		—		3		147,758
Total real estate – 1-4 family mortgage	25,649		1,755		3,213,429		3,240,833		12,500		9,235		16,412		38,147		3,278,980
Real estate – commercial mortgage:
Owner-occupied	6,047		16,724		1,494,891		1,517,662		126		2,159		1,380		3,665		1,521,327
Non-owner occupied	15,688		—		3,428,566		3,444,254		—		2,963		—		2,963		3,447,217
Land development	275		185		116,729		117,189		—		—		80		80		117,269
Total real estate – commercial mortgage	22,010		16,909		5,040,186		5,079,105		126		5,122		1,460		6,708		5,085,813
Installment loans to individuals	910		—		114,209		115,119		31		49		157		237		115,356
Unearned income	—		—		(7,128)		(7,128)		—		—		—		—		(7,128)
Loans, net of unearned income	$	50,992	$	18,664	$	11,640,143	$	11,709,799	$	12,670	$	16,958	$	26,998	$	56,626	$	11,766,425

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2022
Commercial, financial, agricultural	$	1,303	$	69	$	1,660,037	$	1,661,409	$	18	$	2,373	$	10,083	$	12,474	$	1,673,883
Lease financing	—		—		122,167		122,167		—		—		—		—		122,167
Real estate – construction:
Residential	49		—		355,374		355,423		—		—		77		77		355,500
Commercial	8,525		—		966,312		974,837		—		—		—		—		974,837
Total real estate – construction	8,574		—		1,321,686		1,330,260		—		—		77		77		1,330,337
Real estate – 1-4 family mortgage:
Primary	28,198		—		2,164,582		2,192,780		6,015		12,503		11,558		30,076		2,222,856
Home equity	5,376		—		494,621		499,997		450		754		705		1,909		501,906
Rental/investment	720		38		332,648		333,406		20		331		625		976		334,382
Land development	174		—		156,863		157,037		46		36		—		82		157,119
Total real estate – 1-4 family mortgage	34,468		38		3,148,714		3,183,220		6,531		13,624		12,888		33,043		3,216,263
Real estate – commercial mortgage:
Owner-occupied	8,557		219		1,525,240		1,534,016		1,495		2,244		1,541		5,280		1,539,296
Non-owner occupied	3,521		—		3,444,047		3,447,568		5,304		—		38		5,342		3,452,910
Land development	279		—		125,507		125,786		—		40		31		71		125,857
Total real estate – commercial mortgage	12,357		219		5,094,794		5,107,370		6,799		2,284		1,610		10,693		5,118,063
Installment loans to individuals	2,001		5		122,481		124,487		38		100		120		258		124,745
Unearned income	—		—		(7,154)		(7,154)		—		—		—		—		(7,154)
Loans, net of unearned income	$	58,703	$	331	$	11,462,725	$	11,521,759	$	13,386	$	18,381	$	24,778	$	56,545	$	11,578,304

Loan portfolio by risk-rating grades

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2023
Commercial, Financial, Agricultural	$	116,077	$	368,138	$	210,939	$	131,648	$	72,135	$	92,677	$	734,968	$	7,549	$	1,734,131
Pass	116,027		361,587		210,444		130,659		71,369		80,240		723,341		6,525		1,700,192
Special Mention	—		138		118		937		128		636		9,062		76		11,095
Substandard	50		6,413		377		52		638		11,801		2,565		948		22,844
Lease Financing Receivables	$	12,933	$	59,874	$	16,481	$	17,419	$	9,122	$	5,317	$	—	$	—	$	121,146
Pass	12,933		56,812		16,481		15,108		8,069		3,943		—		—		113,346
Special Mention	—		—		—		—		—		324		—		—		324
Substandard	—		3,062		—		2,311		1,053		1,050		—		—		7,476
Real Estate - Construction	$	71,159	$	599,389	$	505,187	$	100,439	$	—	$	1,885	$	18,675	$	—	$	1,296,734
Residential	54,092		140,184		7,138		584		—		379		3,444		—		205,821
Pass	53,845		135,551		7,138		584		—		379		3,444		—		200,941
Special Mention	247		4,091		—		—		—		—		—		—		4,338
Substandard	—		542		—		—		—		—		—		—		542
Commercial	17,067		459,205		498,049		99,855		—		1,506		15,231		—		1,090,913
Pass	17,067		459,205		498,049		99,855		—		1,506		15,231		—		1,090,913
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	38,818	$	211,413	$	134,661	$	47,942	$	22,490	$	54,820	$	25,233	$	2,200	$	537,577
Primary	1,043		11,486		7,147		4,860		2,340		11,971		4,003		1,000		43,850
Pass	857		11,229		6,839		4,860		2,327		11,473		4,003		1,000		42,588
Special Mention	186		—		—		—		—		47		—		—		233
Substandard	—		257		308		—		13		451		—		—		1,029
Home Equity	745		189		1,079		—		37		31		14,323		118		16,522
Pass	745		189		1,079		—		37		31		14,291		—		16,372
Special Mention	—		—		—		—		—		—		32		—		32
Substandard	—		—		—		—		—		—		—		118		118
Rental/Investment	19,615		135,062		86,466		42,566		19,930		34,078		5,773		1,082		344,572
Pass	19,377		134,639		86,253		40,136		18,525		32,240		5,773		721		337,664
Special Mention	51		229		—		—		—		173		—		—		453
Substandard	187		194		213		2,430		1,405		1,665		—		361		6,455
Land Development	17,415		64,676		39,969		516		183		8,740		1,134		—		132,633
Pass	17,374		64,676		39,969		512		183		8,643		1,134		—		132,491
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	41		—		—		4		—		97		—		—		142
Real Estate - Commercial Mortgage	$	106,196	$	1,609,693	$	1,008,812	$	718,231	$	485,850	$	1,007,547	$	110,736	$	24,977	$	5,072,042
Owner-Occupied	33,207		314,821		317,958		233,070		173,009		395,505		50,089		3,538		1,521,197
Pass	33,207		302,753		314,593		230,140		170,149		373,294		40,485		3,253		1,467,874
Special Mention	—		313		3,035		807		305		837		—		—		5,297
Substandard	—		11,755		330		2,123		2,555		21,374		9,604		285		48,026
Non-Owner Occupied	66,313		1,242,726		673,257		479,353		306,706		602,322		55,265		21,248		3,447,190

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	66,313		1,239,253		670,786		471,954		282,890		507,750		55,265		12,063		3,306,274
Special Mention	—		501		2,323		7,399		7,014		25,784		—		—		43,021
Substandard	—		2,972		148		—		16,802		68,788		—		9,185		97,895
Land Development	6,676		52,146		17,597		5,808		6,135		9,720		5,382		191		103,655
Pass	6,640		52,146		17,558		5,504		6,135		9,197		5,382		191		102,753
Special Mention	—		—		39		—		—		—		—		—		39
Substandard	36		—		—		304		—		523		—		—		863
Installment loans to individuals	$	281	$	—	$	—	$	—	$	18	$	—	$	—	$	—	$	299
Pass	281		—		—		—		18		—		—		—		299
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	345,464	$	2,848,507	$	1,876,080	$	1,015,679	$	589,615	$	1,162,246	$	889,612	$	34,726	$	8,761,929
Pass	344,666		2,818,040		1,869,189		999,312		559,702		1,028,696		868,349		23,753		8,511,707
Special Mention	484		5,272		5,515		9,143		7,447		27,801		9,094		76		64,832
Substandard	314		25,195		1,376		7,224		22,466		105,749		12,169		10,897		185,390

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2022
Commercial, Financial, Agricultural	$	460,604	$	209,964	$	142,790	$	63,164	$	25,099	$	35,142	$	717,422	$	3,522	$	1,657,707
Pass	450,559		209,580		141,712		62,370		21,963		28,014		704,491		2,384		1,621,073
Special Mention	719		—		1,010		383		678		—		11,616		80		14,486
Substandard	9,326		384		68		411		2,458		7,128		1,315		1,058		22,148
Lease Financing Receivables	$	61,424	$	18,379	$	18,318	$	10,628	$	4,557	$	1,707	$	—	$	—	$	115,013
Pass	58,204		18,379		15,846		9,060		3,269		1,353		—		—		106,111
Watch	—		—		—		—		—		354		—		—		354
Substandard	3,220		—		2,472		1,568		1,288		—		—		—		8,548
Real Estate - Construction	$	595,185	$	476,190	$	109,705	$	8,525	$	381	$	6,858	$	13,757	$	424	$	1,211,025
Residential	214,386		16,483		589		—		381		—		3,925		424		236,188
Pass	214,371		16,483		589		—		381		—		3,925		424		236,173
Special Mention	6		—		—		—		—		—		—		—		6
Substandard	9		—		—		—		—		—		—		—		9
Commercial	380,799		459,707		109,116		8,525		—		6,858		9,832		—		974,837
Pass	380,799		459,707		109,116		8,525		—		6,858		9,832		—		974,837
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	233,370	$	141,066	$	48,653	$	24,664	$	25,604	$	35,971	$	26,920	$	1,238	$	537,486
Primary	12,877		7,965		5,068		2,435		4,522		8,723		4,931		106		46,627
Pass	12,616		7,965		5,068		2,421		4,522		8,419		4,931		106		46,048
Special Mention	—		—		—		—		—		51		—		—		51
Substandard	261		—		—		14		—		253		—		—		528
Home Equity	272		1,187		—		38		5		27		14,485		141		16,155
Pass	272		1,187		—		38		5		27		14,485		7		16,021
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		134		134
Rental/Investment	138,481		85,711		42,056		21,997		14,785		24,448		5,972		787		334,237
Pass	138,137		85,522		41,604		21,097		14,671		22,899		5,972		482		330,384
Special Mention	231		—		—		—		—		174		—		—		405
Substandard	113		189		452		900		114		1,375		—		305		3,448
Land Development	81,740		46,203		1,529		194		6,292		2,773		1,532		204		140,467
Pass	80,514		46,203		1,525		194		6,292		2,723		1,532		204		139,187
Special Mention	1,226		—		—		—		—		—		—		—		1,226
Substandard	—		—		4		—		—		50		—		—		54
Real Estate - Commercial Mortgage	$	1,624,197	$	1,000,563	$	713,303	$	531,424	$	277,862	$	810,919	$	121,305	$	25,173	$	5,104,746
Owner-Occupied	309,792		319,174		239,946		178,137		128,452		302,495		57,869		3,300		1,539,165
Pass	298,851		314,429		237,058		175,262		122,537		282,657		50,640		3,300		1,484,734
Special Mention	9,640		3,047		815		1,670		—		672		4,808		—		20,652
Substandard	1,301		1,698		2,073		1,205		5,915		19,166		2,421		—		33,779
Non-Owner Occupied	1,256,098		657,121		466,703		346,908		144,872		501,863		57,637		21,680		3,452,882
Pass	1,252,484		647,937		466,703		322,997		127,358		418,294		57,637		12,142		3,305,552
Special Mention	506		—		—		21,961		17,509		8,975		—		—		48,951
Substandard	3,108		9,184		—		1,950		5		74,594		—		9,538		98,379
Land Development	58,307		24,268		6,654		6,379		4,538		6,561		5,799		193		112,699
Pass	58,307		24,228		6,342		6,379		4,465		6,067		5,799		193		111,780
Special Mention	—		40		—		—		—		—		—		—		40
Substandard	—		—		312		—		73		494		—		—		879
Installment loans to individuals	$	—	$	—	$	—	$	24	$	—	$	—	$	—	$	—	$	24
Pass	—		—		—		24		—		—		—		—		24
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,974,780	$	1,846,162	$	1,032,769	$	638,429	$	333,503	$	890,597	$	879,404	$	30,357	$	8,626,001
Pass	2,945,114		1,831,620		1,025,563		608,367		305,463		777,311		859,244		19,242		8,371,924
Special Mention	12,328		3,087		1,825		24,014		18,187		10,226		16,424		80		86,171
Substandard	17,338		11,455		5,381		6,048		9,853		103,060		3,736		11,035		167,906

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2023
Commercial, Financial, Agricultural	$	—	$	13	$	—	$	—	$	—	$	6,635	$	—	$	—	$	6,648
Performing Loans	—		13		—		—		—		6,635		—		—		6,648
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	5,640	$	74,105	$	47,582	$	291	$	—	$	—	$	—	$	—	$	127,618
Residential	5,640		74,105		47,582		291		—		—		—		—		127,618
Performing Loans	5,640		73,953		47,582		291		—		—		—		—		127,466
Non-Performing Loans	—		152		—		—		—		—		—		—		152
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	91,446	$	715,261	$	550,406	$	342,567	$	150,212	$	410,823	$	475,448	$	5,240	$	2,741,403
Primary	90,554		706,700		547,270		341,603		149,663		408,894		—		58		2,244,742
Performing Loans	90,495		704,525		543,912		335,424		145,203		390,530		—		58		2,210,147
Non-Performing Loans	59		2,175		3,358		6,179		4,460		18,364		—		—		34,595
Home Equity	—		—		111		—		—		662		475,448		5,182		481,403
Performing Loans	—		—		111		—		—		596		474,188		4,230		479,125
Non-Performing Loans	—		—		—		—		—		66		1,260		952		2,278
Rental/Investment	—		—		—		—		—		133		—		—		133
Performing Loans	—		—		—		—		—		133		—		—		133
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	892		8,561		3,025		964		549		1,134		—		—		15,125
Performing Loans	892		8,561		3,025		964		549		1,134		—		—		15,125
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	1,678	$	4,299	$	3,353	$	2,378	$	1,192	$	871	$	—	$	—	$	13,771
Owner-Occupied	—		—		—		130		—		—		—		—		130
Performing Loans	—		—		—		130		—		—		—		—		130
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		—		27		—		—		—		—		27
Performing Loans	—		—		—		27		—		—		—		—		27
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	1,678		4,299		3,353		2,221		1,192		871		—		—		13,614
Performing Loans	1,678		4,254		3,353		2,217		1,192		871		—		—		13,565
Non-Performing Loans	—		45		—		4		—		—		—		—		49
Installment loans to individuals	$	10,016	$	35,603	$	12,894	$	5,347	$	12,941	$	24,340	$	13,880	$	36	$	115,057
Performing Loans	9,988		35,581		12,872		5,320		12,901		24,246		13,879		33		114,820
Non-Performing Loans	28		22		22		27		40		94		1		3		237
Total loans not subject to risk rating	$	108,780	$	829,281	$	614,235	$	350,583	$	164,345	$	442,669	$	489,328	$	5,276	$	3,004,497
Performing Loans	108,693		826,887		610,855		344,373		159,845		424,145		488,067		4,321		2,967,186
Non-Performing Loans	87		2,394		3,380		6,210		4,500		18,524		1,261		955		37,311

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2022
Commercial, Financial, Agricultural	$	13	$	—	$	—	$	—	$	—	$	16,163	$	—	$	—	$	16,176
Performing Loans	13		—		—		—		—		16,163		—		—		16,176
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	57,570	$	61,245	$	497	$	—	$	—	$	—	$	—	$	—	$	119,312
Residential	57,570		61,245		497		—		—		—		—		—		119,312
Performing Loans	57,493		61,245		497		—		—		—		—		—		119,235
Non-Performing Loans	77		—		—		—		—		—		—		—		77
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	704,214	$	546,256	$	351,213	$	155,549	$	116,951	$	319,567	$	481,254	$	3,773	$	2,678,777
Primary	694,941		541,801		350,205		154,979		115,876		318,364		—		63		2,176,229
Performing Loans	694,221		538,870		345,912		150,821		109,156		307,178		—		63		2,146,221
Non-Performing Loans	720		2,931		4,293		4,158		6,720		11,186		—		—		30,008
Home Equity	—		111		—		—		—		676		481,254		3,710		485,751
Performing Loans	—		111		—		—		—		609		480,094		3,026		483,840
Non-Performing Loans	—		—		—		—		—		67		1,160		684		1,911
Rental/Investment	—		—		—		—		—		145		—		—		145
Performing Loans	—		—		—		—		—		145		—		—		145
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	9,273		4,344		1,008		570		1,075		382		—		—		16,652
Performing Loans	9,257		4,344		1,008		570		1,075		319		—		—		16,573
Non-Performing Loans	16		—		—		—		—		63		—		—		79
Real Estate - Commercial Mortgage	$	4,805	$	3,518	$	2,587	$	1,281	$	691	$	435	$	—	$	—	$	13,317
Owner-Occupied	—		—		131		—		—		—		—		—		131
Performing Loans	—		—		131		—		—		—		—		—		131
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		28		—		—		—		—		—		28
Performing Loans	—		—		28		—		—		—		—		—		28
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	4,805		3,518		2,428		1,281		691		435		—		—		13,158
Performing Loans	4,805		3,518		2,422		1,281		691		435		—		—		13,152
Non-Performing Loans	—		—		6		—		—		—		—		—		6
Installment loans to individuals	$	44,255	$	15,976	$	6,416	$	14,252	$	17,095	$	10,626	$	16,062	$	39	$	124,721
Performing Loans	44,227		15,927		6,389		14,211		17,076		10,532		16,062		35		124,459
Non-Performing Loans	28		49		27		41		19		94		—		4		262
Total loans not subject to risk rating	$	810,857	$	626,995	$	360,713	$	171,082	$	134,737	$	346,791	$	497,316	$	3,812	$	2,952,303
Performing Loans	810,016		624,015		356,387		166,883		127,998		335,381		496,156		3,124		2,919,960
Non-Performing Loans	841		2,980		4,326		4,199		6,739		11,410		1,160		688		32,343

The following table represents gross charge-offs by year of origination for the three months ended March 31, 2023:

	2023	2022	2021	2020	2019	Prior	Revolving Loans	Revolving Loans Converted to Term	Total Charge-offs
Commercial, financial, agricultural	—	277	103	—	—	134	15	—	529
Real estate – 1-4 family mortgage:
Primary	—	—	—	—	—	3	—	—	3
Total real estate – 1-4 family mortgage	—	—	—	—	—	3	—	—	3
Real estate – commercial mortgage:
Owner-occupied	—	—	—	—	—	128	—	—	128
Non-owner occupied	—	—	—	2,442	—	2,545	—	—	4,987
Total real estate – commercial mortgage	—	—	—	2,442	—	2,673	—	—	5,115
Installment loans to individuals	—	33	21	26	132	598	—	—	810
Loans, net of unearned income	—	310	124	2,468	132	3,408	15	—	6,457