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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Allowance for Loan Losses Allowance for Loan Losses
 
Activity in the allowance for loan losses for the three and nine month periods ended September 30, 2019 and 2018 is summarized as follows:
 
 
Three Months Ended September 30, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,243

 
$
(395
)
 
$
—

 
$
6

 
$
—

 
$
1,854

Commercial real estate
11,870

 
1,368

 
(232
)
 
10

 
(19
)
 
12,997

Residential real estate
7,508

 
87

 
(38
)
 
52

 
(20
)
 
7,589

Commercial and financial
8,912

 
769

 
(1,625
)
 
295

 
—

 
8,351

Consumer
2,972

 
422

 
(697
)
 
118

 
(1
)
 
2,814

Totals
$
33,505


$
2,251


$
(2,592
)

$
481


$
(40
)

$
33,605


 
Three Months Ended September 30, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,287

 
$
(221
)
 
$
—

 
$
3

 
$
—

 
$
2,069

Commercial real estate
9,126

 
4,191

 
(1
)
 
18

 
(16
)
 
13,318

Residential real estate
8,850

 
(1,279
)
 
(6
)
 
99

 
(19
)
 
7,645

Commercial and financial
7,102

 
1,739

 
(842
)
 
163

 
—

 
8,162

Consumer
1,559

 
1,344

 
(296
)
 
65

 
(1
)
 
2,671

Totals
$
28,924


$
5,774


$
(1,145
)

$
348


$
(36
)

$
33,865

 
 
Nine Months Ended September 30, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,233

 
$
(391
)
 
$
—

 
$
13

 
$
(1
)
 
$
1,854

Commercial real estate
11,112

 
1,560

 
(248
)
 
622

 
(49
)
 
12,997

Residential real estate
7,775

 
(276
)
 
(102
)
 
242

 
(50
)
 
7,589

Commercial and financial
8,585

 
3,736

 
(4,450
)
 
480

 
—

 
8,351

Consumer
2,718

 
1,570

 
(1,915
)
 
443

 
(2
)
 
2,814

Totals
$
32,423

 
$
6,199

 
$
(6,715
)
 
$
1,800

 
$
(102
)
 
$
33,605


 
Nine Months Ended September 30, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
1,642

 
$
414

 
$
—

 
$
13

 
$
—

 
$
2,069

Commercial real estate
9,285

 
3,826

 
(15
)
 
268

 
(46
)
 
13,318

Residential real estate
7,131

 
(78
)
 
(33
)
 
733

 
(108
)
 
7,645

Commercial and financial
7,297

 
3,639

 
(2,985
)
 
211

 
—

 
8,162

Consumer
1,767

 
1,587

 
(931
)
 
251

 
(3
)
 
2,671

Totals
$
27,122

 
$
9,388

 
$
(3,964
)
 
$
1,476

 
$
(157
)
 
$
33,865


The allowance for loan losses is comprised of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company’s loan portfolio, excluding PCI loans, and related allowance at September 30, 2019 and December 31, 2018 is shown in the following tables:
 
 
September 30, 2019
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
5,070

 
$
16

 
$
321,096

 
$
1,838

 
$
326,166

 
$
1,854

Commercial real estate
10,445

 
247

 
2,289,663

 
12,750

 
2,300,108

 
12,997

Residential real estate
14,615

 
517

 
1,392,967

 
7,072

 
1,407,582

 
7,589

Commercial and financial
5,355

 
727

 
716,331

 
7,624

 
721,686

 
8,351

Consumer
347

 
57

 
217,019

 
2,757

 
217,366

 
2,814

Totals
$
35,832


$
1,564


$
4,937,076


$
32,041


$
4,972,908


$
33,605

 
December 31, 2018
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
 Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
211

 
$
22

 
$
443,206

 
$
2,211

 
$
443,417

 
$
2,233

Commercial real estate
13,638

 
369

 
2,107,600

 
10,743

 
2,121,238

 
11,112

Residential real estate
19,047

 
805

 
1,302,612

 
6,970

 
1,321,659

 
7,775

Commercial and financial
3,322

 
1,498

 
718,263

 
7,087

 
721,585

 
8,585

Consumer
482

 
34

 
202,399

 
2,684

 
202,881

 
2,718

Totals
$
36,700


$
2,728


$
4,774,080


$
29,695


$
4,810,780


$
32,423


 
Loans collectively evaluated for impairment reported at September 30, 2019 included acquired loans that are not PCI loans. At September 30, 2019, the remaining fair value adjustments for PUL loans was approximately $36.3 million, or approximately 3.8% of the outstanding aggregate PUL balances. At December 31, 2018, the remaining fair value adjustments for PUL loans was approximately $47.0 million, or 3.9% of the outstanding aggregate PUL balances. These amounts are accreted into interest income over the remaining lives of the related loans on a level yield basis.
 
The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at September 30, 2019 and December 31, 2018:
 
 
September 30, 2019
 
December 31, 2018
 
PCI Loans Individually Evaluated for Impairment
(In thousands)
Recorded Investment
 
Associated Allowance
 
Recorded Investment
 
Associated Allowance
Construction & land development
$
158

 
$
—

 
$
151

 
$
—

Commercial real estate
10,259

 
—

 
10,828

 
—

Residential real estate
2,364

 
—

 
2,718

 
—

Commercial and financial
600

 
—

 
737

 
—

Consumer
—

 
—

 
—

 
—

Totals
$
13,381


$
—


$
14,434


$
—