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Loans (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans
The following table outlines net loans balances by category as of:
 
 
December 31, 2019
(In thousands)
 
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Loans
 
 
 
 
 
 
 
 
Construction and land development
 
$
281,335

 
$
160

 
$
43,618

 
$
325,113

Commercial real estate
 
1,834,811

 
10,217

 
533,943

 
2,378,971

Residential real estate
 
1,304,305

 
1,710

 
201,848

 
1,507,863

Commercial and financial
 
697,301

 
579

 
80,372

 
778,252

Consumer
 
200,166

 
—

 
8,039

 
208,205

    Total Loans1
 
$
4,317,918

 
$
12,666

 
$
867,820

 
$
5,198,404

 
 
December 31, 2018
(In thousands)
 
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Loans
 
 
 
 
 
 
 
 
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

    Total Loans1
 
$
3,588,251

 
$
14,434

 
$
1,222,529

 
$
4,825,214

1Loan balances at December 31, 2019 and 2018 include deferred costs of $19.9 million and $16.9 million, respectively.
Schedule of Past Due Financing Receivables The following table presents the balances outstanding status by class of loans as of: 
 
 
December 31, 2019
 
 
 
 
Accruing
30-59 Days
 
Accruing
60-89 Days
 
Accruing
Greater
Than
 
 
 
Total
Financing
(In thousands)
 
Current
 
Past Due
 
Past Due
 
90 Days
 
Nonaccrual
 
Receivables
Portfolio Loans
 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
 
$
276,984

 
$
—

 
$
—

 
$
—

 
$
4,351

 
$
281,335

Commercial real estate
 
1,828,629

 
1,606

 
220

 
—

 
4,356

 
1,834,811

Residential real estate
 
1,294,778

 
1,564

 
18

 
—

 
7,945

 
1,304,305

Commercial and financial
 
690,412

 
2,553

 
—

 
108

 
4,228

 
697,301

Consumer
 
199,424

 
317

 
315

 
—

 
110

 
200,166

Total Portfolio Loans
 
4,290,227

 
6,040

 
553

 
108

 
20,990

 
4,317,918

 
 
 
 
 
 
 
 
 
 
 
 
 
PULs
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
43,044

 
—

 
—

 
—

 
574

 
43,618

Commercial real estate
 
531,325

 
942

 
431

 
—

 
1,245

 
533,943

Residential real estate
 
201,159

 
277

 
—

 
—

 
412

 
201,848

Commercial and financial
 
78,705

 
—

 
—

 
—

 
1,667

 
80,372

Consumer
 
8,039

 
—

 
—

 
—

 
—

 
8,039

Total PULs
 
862,272

 
1,219

 
431

 
—

 
3,898


867,820

 
 
 
 
 
 
 
 
 
 
 
 
 
PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
148

 
—

 
—

 
—

 
12

 
160

Commercial real estate
 
9,298

 
—

 
—

 
—

 
919

 
10,217

Residential real estate
 
587

 
—

 
—

 
—

 
1,123

 
1,710

Commercial and financial
 
566

 
—

 
—

 
—

 
13

 
579

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

Total PCI Loans
 
10,599

 
—


—


—


2,067


12,666

 
 
 
 
 
 
 
 
 
 
 
 


Total Loans
 
$
5,163,098


$
7,259


$
984


$
108


$
26,955


$
5,198,404

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

 
 
 
 
 
 
 
 
 
 
 
 
 
PULs
 
 
 
 
 
 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
PCI 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 of loans based on the most recent analysis performed as of:
 
 
 
December 31, 2019
(In thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Net Loans
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
317,765

 
$
2,235

 
$
5,113

 
$
—

 
$
325,113

Commercial real estate
 
2,331,725

 
26,827

 
20,098

 
321

 
2,378,971

Residential real estate
 
1,482,278

 
7,364

 
18,221

 
—

 
1,507,863

Commercial and financial
 
755,957

 
11,925

 
9,496

 
874

 
778,252

Consumer
 
203,966

 
3,209

 
1,030

 
—

 
208,205

Total Net Loans
 
$
5,091,691

 
$
51,560

 
$
53,958

 
$
1,195

 
$
5,198,404

 
 
December 31, 2018
(In thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Net Loans
 
 
 
 
 
 
 
 
 
 
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

Total Net Loans
 
$
4,694,297

 
$
67,296

 
$
63,596

 
$
25

 
$
4,825,214
Schedule of Changes in Accretable Yield on PCI Loans
The table below summarizes the changes in accretable yield on PCI loans for the years ended:
 
 
December 31,
(In thousands)
 
2019
 
2018
 
2017
Beginning balance
 
$
2,924

 
$
3,699

 
$
3,807

Additions
 
—

 
—

 
763

Deletions
 
—

 
(43
)
 
(11
)
Accretion
 
(1,778
)
 
(1,291
)
 
(1,647
)
Reclassifications from non-accretable difference
 
703

 
559

 
787

Ending Balance
 
$
1,849

 
$
2,924

 
$
3,699
Schedule of Impaired Financing Receivables, Excluding PCI Loans and Valuation Allowance of December 31, 2019 and 2018, the Company’s recorded investment in impaired loans, excluding PCI loans, and related valuation allowance was as follows:
 
 
December 31, 2019
 
 
Recorded
 
Unpaid
Principal
 
Related
Valuation
(In thousands)
 
Investment
 
Balance
 
Allowance
Impaired Loans with No Related Allowance Recorded:
 
 

 
 

 
 

Construction and land development
 
$
4,995

 
$
5,186

 
$
—

Commercial real estate
 
6,070

 
7,590

 
—

Residential real estate
 
9,470

 
14,182

 
—

Commercial and financial
 
3,485

 
4,475

 
—

Consumer
 
111

 
125

 
—

 
 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 
 

 
 

 
 

Construction and land development
 
62

 
78

 
14

Commercial real estate
 
4,196

 
4,196

 
220

Residential real estate
 
4,914

 
4,914

 
834

Commercial and financial
 
2,567

 
3,115

 
1,731

Consumer
 
226

 
239

 
59

 
 
 
 
 
 
 
Total Impaired Loans
 
 
 
 
 
 
Construction and land development
 
5,057

 
5,264

 
14

Commercial real estate
 
10,266

 
11,786

 
220

Residential real estate
 
14,384

 
19,096

 
834

Commercial and financial
 
6,052

 
7,590

 
1,731

Consumer
 
337

 
364

 
59

Total Impaired Loans
 
$
36,096

 
$
44,100

 
$
2,858

 
 
 
December 31, 2018
 
 
Recorded
 
Unpaid
Principal
 
Related
Valuation
(In thousands)
 
Investment
 
Balance
 
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

Total Impaired Loans
 
$
36,700

 
$
46,545

 
$
2,728