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Loans (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans
Information pertaining to portfolio loans, purchased credit impaired (“PCI”) loans, and purchased unimpaired loans (“PUL”) is as follows:
 
 
September 30, 2019
(In thousands)
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Construction and land development
$
272,915

 
$
158

 
$
53,251

 
$
326,324

Commercial real estate
1,709,227

 
10,259

 
590,881

 
2,310,367

Residential real estate
1,184,579

 
2,364

 
223,003

 
1,409,946

Commercial and financial
635,153

 
600

 
86,533

 
722,286

Consumer
208,425

 
—

 
8,941

 
217,366

   Totals1
$
4,010,299

 
$
13,381

 
$
962,609

 
$
4,986,289

 
 
December 31, 2018
(In thousands)
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Construction and land development
$
301,473

 
$
151

 
$
141,944

 
$
443,568

Commercial real estate
1,437,989

 
10,828

 
683,249

 
2,132,066

Residential real estate
1,055,525

 
2,718

 
266,134

 
1,324,377

Commercial and financial
603,057

 
737

 
118,528

 
722,322

Consumer
190,207

 
—

 
12,674

 
202,881

   Totals1
$
3,588,251

 
$
14,434

 
$
1,222,529

 
$
4,825,214

1Net loan balances as of September 30, 2019 and December 31, 2018 include deferred costs of $18.7 million and $16.9 million for each period, respectively.
 
Schedule of Past Due Financing Receivables The following tables present the contractual delinquency of the recorded investment by class of loans as of:
 
 
September 30, 2019
(In thousands)
Current
 
Accruing
30-59 Days
Past Due
 
Accruing
60-89 Days
Past Due
 
Accruing
Greater
Than
90 Days
 
Nonaccrual
 
Total
Financing
Receivables
Portfolio Loans
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
266,815

 
$
1,747

 
$
—

 
$
—

 
$
4,353

 
$
272,915

Commercial real estate
1,702,928

 
1,271

 
599

 
—

 
4,429

 
1,709,227

Residential real estate
1,173,158

 
3,349

 
182

 
—

 
7,890

 
1,184,579

Commercial and financial
627,056

 
4,448

 
—

 
—

 
3,649

 
635,153

Consumer
207,467

 
572

 
306

 
—

 
80

 
208,425

 Total Portfolio Loans
3,977,424

 
11,387

 
1,087

 
—

 
20,401

 
4,010,299

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Unimpaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
49,682

 
—

 
2,995

 
—

 
574

 
53,251

Commercial real estate
587,865

 
872

 
848

 
—

 
1,296

 
590,881

Residential real estate
222,383

 
75

 
122

 
—

 
423

 
223,003

Commercial and financial
84,614

 
1,362

 
—

 
—

 
557

 
86,533

Consumer
8,796

 
116

 
—

 
—

 
29

 
8,941

 Total PULs
953,340

 
2,425

 
3,965

 
—

 
2,879

 
962,609

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Credit Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
145

 
—

 
—

 
—

 
13

 
158

Commercial real estate
9,314

 
—

 
—

 
—

 
945

 
10,259

Residential real estate
573

 
—

 
—

 
—

 
1,791

 
2,364

Commercial and financial
585

 
—

 
—

 
—

 
15

 
600

Consumer
—

 
—

 
—

 
—

 
—

 
—

 Total PCI Loans
10,617

 
—

 
—

 
—

 
2,764

 
13,381

 
 
 
 
 
 
 
 
 
 
 
 
   Total Loans
$
4,941,381

 
$
13,812

 
$
5,052

 
$
—

 
$
26,044

 
$
4,986,289

 
 
December 31, 2018
(In thousands)
Current
 
Accruing
30-59 Days
Past Due
 
Accruing
60-89 Days
Past Due
 
Accruing
Greater
Than
90 Days
 
Nonaccrual
 
Total
Financing
Receivables
Portfolio Loans
 

 
 

 
 
 
 

 
 

 
 

Construction and land development
$
301,348

 
$
97

 
$
—

 
$
—

 
$
28

 
$
301,473

Commercial real estate
1,427,413

 
3,852

 
97

 
141

 
6,486

 
1,437,989

Residential real estate
1,044,375

 
2,524

 
525

 
295

 
7,806

 
1,055,525

Commercial and financial
594,930

 
5,186

 
1,661

 
—

 
1,280

 
603,057

Consumer
189,061

 
637

 
326

 
—

 
183

 
190,207

 Total Portfolio Loans
3,557,127

 
12,296

 
2,609

 
436

 
15,783

 
3,588,251

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Unimpaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
140,013

 
1,931

 
—

 
—

 
—

 
141,944

Commercial real estate
680,060

 
1,846

 
—

 
—

 
1,343

 
683,249

Residential real estate
260,781

 
1,523

 
—

 
90

 
3,740

 
266,134

Commercial and financial
116,173

 
342

 
—

 
—

 
2,013

 
118,528

Consumer
12,643

 
—

 
31

 
—

 
—

 
12,674

 Total PULs
1,209,670

 
5,642

 
31

 
90

 
7,096

 
1,222,529

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Credit Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
135

 
—

 
—

 
—

 
16

 
151

Commercial real estate
8,403

 
1,034

 
—

 
—

 
1,391

 
10,828

Residential real estate
556

 
—

 
—

 
—

 
2,162

 
2,718

Commercial and financial
74

 
635

 
—

 
—

 
28

 
737

Consumer
—

 
—

 
—

 
—

 
—

 
—

 Total PCI Loans
9,168

 
1,669

 
—

 
—

 
3,597

 
14,434

 
 
 
 
 
 
 
 
 
 
 
 
   Total Loans
$
4,775,965

 
$
19,607

 
$
2,640

 
$
526

 
$
26,476

 
$
4,825,214
Schedule of Risk Categories of Loans by Class of Loans The following tables present the risk category of loans by class based on the most recent analysis performed as of:
 
 
September 30, 2019
(In thousands)
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Construction and land development
$
316,636

 
$
4,559

 
$
5,129

 
$
—

 
$
326,324

Commercial real estate
2,260,472

 
27,838

 
21,736

 
321

 
2,310,367

Residential real estate
1,386,760

 
3,978

 
19,208

 
—

 
1,409,946

Commercial and financial
703,565

 
10,436

 
7,135

 
1,150

 
722,286

Consumer
212,955

 
3,417

 
994

 
—

 
217,366

   Totals
$
4,880,388

 
$
50,228

 
$
54,202

 
$
1,471

 
$
4,986,289

 
 
December 31, 2018
(In thousands)
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Construction and land development
$
428,044

 
$
10,429

 
$
5,095

 
$
—

 
$
443,568

Commercial real estate
2,063,589

 
41,429

 
27,048

 
—

 
2,132,066

Residential real estate
1,296,634

 
3,654

 
24,089

 
—

 
1,324,377

Commercial and financial
707,663

 
8,387

 
6,247

 
25

 
722,322

Consumer
198,367

 
3,397

 
1,117

 
—

 
202,881

   Totals
$
4,694,297

 
$
67,296

 
$
63,596

 
$
25

 
$
4,825,214
Summary of Changes in Accretable Yield on PCI Loans
The table below summarizes the changes in accretable yield on PCI loans for the periods ended:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2019
 
2018
 
2019
 
2018
Beginning balance
$
2,344

 
$
3,189

 
$
2,822

 
$
3,699

Additions
—

 
—

 
—

 
—

Deletions
—

 
—

 
—

 
(43
)
Accretion
(287
)
 
(284
)
 
(1,336
)
 
(989
)
Reclassification from non-accretable difference
62

 
—

 
633

 
238

Ending balance
$
2,119

 
$
2,905

 
$
2,119

 
$
2,905
Schedule of Impaired Financing Receivables, Excluding PCI Loans and Valuation Allowances As of September 30, 2019 and December 31, 2018, the Company’s recorded investment in impaired loans, excluding PCI loans, the unpaid principal balance and related valuation allowance was as follows:
 
 
September 30, 2019
(In thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Valuation
Allowance
Impaired Loans with No Related Allowance Recorded:
 

 
 

 
 

Construction and land development
$
4,972

 
$
5,169

 
$
—

Commercial real estate
6,222

 
7,649

 
—

Residential real estate
9,727

 
14,223

 
—

Commercial and financial
3,407

 
4,406

 
—

Consumer
118

 
131

 
—

Impaired Loans with an Allowance Recorded:
 
 
 
 
 
Construction and land development
98

 
114

 
16

Commercial real estate
4,223

 
4,223

 
247

Residential real estate
4,888

 
5,035

 
517

Commercial and financial
1,948

 
1,963

 
727

Consumer
229

 
245

 
57

Total Impaired Loans
 
 
 
 
 
Construction and land development
5,070

 
5,283

 
16

Commercial real estate
10,445

 
11,872

 
247

Residential real estate
14,615

 
19,258

 
517

Commercial and financial
5,355

 
6,369

 
727

Consumer
347

 
376

 
57

       Totals
$
35,832

 
$
43,158

 
$
1,564

 
 
December 31, 2018
(In thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Valuation
Allowance
Impaired Loans with No Related Allowance Recorded:
 

 
 

 
 

Construction and land development
$
15

 
$
229

 
$
—

Commercial real estate
3,852

 
5,138

 
—

Residential real estate
13,510

 
18,111

 
—

Commercial and financial
1,191

 
1,414

 
—

Consumer
280

 
291

 
—

Impaired Loans with an Allowance Recorded:
 
 
 
 
 
Construction and land development
196

 
211

 
22

Commercial real estate
9,786

 
12,967

 
369

Residential real estate
5,537

 
5,664

 
805

Commercial and financial
2,131

 
2,309

 
1,498

Consumer
202

 
211

 
34

Total Impaired Loans
 
 
 
 
 
Construction and land development
211

 
440

 
22

Commercial real estate
13,638

 
18,105

 
369

Residential real estate
19,047

 
23,775

 
805

Commercial and financial
3,322

 
3,723

 
1,498

Consumer
482

 
502

 
34

       Totals
$
36,700

 
$
46,545

 
$
2,728