Loans (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans

The following tables present net loan balances by segment as of:


	June 30, 2020
(In thousands)	Portfolio Loans		Acquired Non-PCD Loans		PCD Loans		Total
Construction and land development	$	270,715	$	25,691	$	2,429	$	298,835
Commercial real estate - owner-occupied	832,943		216,598		27,109		1,076,650
Commercial real estate - non owner-occupied	1,074,063		306,880		11,844		1,392,787
Residential real estate	1,249,368		210,247		8,556		1,468,171
Commercial and financial	692,933		63,272		1,027		757,232
Consumer	195,863		5,700		364		201,927
Paycheck Protection Program	576,450		—		—		576,450
Totals	$	4,892,335	$	828,388	$	51,329	$	5,772,052


	December 31, 2019
(In thousands)	Portfolio Loans		PULs		PCI Loans		Total
Construction and land development	$	281,335	$	43,618	$	160	$	325,113
Commercial real estate¹	1,834,811		533,943		10,217		2,378,971
Residential real estate	1,304,305		201,848		1,710		1,507,863
Commercial and financial	697,301		80,372		579		778,252
Consumer	200,166		8,039		—		208,205
Totals	$	4,317,918	$	867,820	$	12,666	$	5,198,404
¹Commercial real estate includes owner-occupied balances of $1.0 billion for December 31, 2019.

Schedule of Loans Modified

The following table presents loans on payment deferral, excluding PPP loans, as of June 30, 2020:


(In thousands)	Loans Outstanding		% on Payment Deferral
Construction and land development	$	14,488	5%
Commercial real estate - owner-occupied	320,406		30%
Commercial real estate - non owner-occupied	445,311		32%
Residential real estate	148,035		10%
Commercial and financial	130,877		17%
Consumer	17,926		9%

Totals	$	1,077,043	21%

Schedule of Past Due Financing Receivables

The following tables present the status of net loan balances as of June 30, 2020 and December 31, 2019. Loans on short-term payment deferral at the reporting date are reflected as current.


	June 30, 2020
(In thousands)	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total
Portfolio Loans
Construction and land development	$	270,070	$	—	$	623	$	—	$	22	$	270,715
Commercial real estate - owner-occupied	829,903		—		—		615		2,425		832,943
Commercial real estate - non owner-occupied	1,069,979		1,988		—		—		2,096		1,074,063
Residential real estate	1,230,480		3,729		4,833		—		10,326		1,249,368
Commercial and financial	683,667		2,034		39		216		6,977		692,933
Consumer	195,246		169		46		—		402		195,863
Paycheck Protection Program	576,450		—		—		—		—		576,450
Total Portfolio Loans	4,855,795		7,920		5,541		831		22,248		4,892,335

Acquired Non-PCD Loans
Construction and land development	25,117		—		—		—		574		25,691
Commercial real estate - owner-occupied	213,731		1,526		—		—		1,341		216,598
Commercial real estate - non owner-occupied	306,612		—		—		268		—		306,880
Residential real estate	208,963		—		—		—		1,284		210,247
Commercial and financial	60,941		—		—		—		2,331		63,272
Consumer	5,677		23		—		—		—		5,700
Total Acquired Non-PCD Loans	821,041		1,549		—		268		5,530		828,388

PCD Loans
Construction and land development	2,419		—		—		—		10		2,429
Commercial real estate - owner-occupied	27,109		—		—		—		—		27,109
Commercial real estate - non owner-occupied	10,808		—		—		—		1,036		11,844
Residential real estate	7,379		—		—		—		1,177		8,556
Commercial and financial	977		—		—		—		50		1,027
Consumer	277		87		—		—		—		364
Total PCD Loans	48,969		87		—		—		2,273		51,329

Total Loans	$	5,725,805	$	9,556	$	5,541	$	1,099	$	30,051	$	5,772,052


	December 31, 2019
(In thousands)	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total
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

Purchased Unimpaired Loans
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

Purchased Credit Impaired 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

Schedule of Nonaccrual Loans by Loan Category

The following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of:


	June 30, 2020
(In thousands)	Nonaccrual Loans With No Related Allowance		Nonaccrual Loans With an Allowance		Total Nonaccrual Loans		Allowance for Credit Losses
Construction and land development	$	585	$	21	$	606	$	11
Commercial real estate - owner-occupied	3,445		321		3,766		160
Commercial real estate - non owner-occupied	2,096		1,036		3,132		204
Residential real estate	11,871		916		12,787		793
Commercial and financial	4,808		4,550		9,358		3,409
Consumer	32		370		402		86
Totals	$	22,837	$	7,214	$	30,051	$	4,663


	December 31, 2019
(In thousands)	Nonaccrual Loans With No Related Allowance		Nonaccrual Loans With an Allowance		Total Nonaccrual Loans		Allowance for Credit Losses
Construction and land development	$	4,913	$	23	$	4,936	$	12
Commercial real estate	6,200		320		6,520		149
Residential real estate	8,700		780		9,480		564
Commercial and financial	3,449		2,460		5,909		1,622
Consumer	39		71		110		37
Totals	$	23,301	$	3,654	$	26,955	$	2,384

Schedule of Collateral Dependent Loans

The following table presents collateral dependent loans as of:


(In thousands)	June 30, 2020				December 31, 2019
Construction and land development	$	634	$	4,926
Commercial real estate - owner-occupied	6,173		2,571
Commercial real estate - non owner-occupied	3,574		3,152
Residential real estate	14,117		11,550
Commercial and financial	5,526		4,338
Consumer	410		141
Totals	$	30,434	$	26,678

Schedule of Risk Categories of Loans by Class of Loans

The following tables present the risk rating of loans by year of origination:


	June 30, 2020
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving		Total
Construction and Land Development
Risk Ratings:
Pass	$	29,412	$	95,549	$	70,528	$	35,134	$	10,478	$	18,260	$	33,439	$	292,800
Special Mention	198		503		1,378		38		—		2,147		—		4,264
Substandard	—		—		—		—		—		58		988		1,046
Substandard Impaired	—		—		—		—		574		151		—		725
Doubtful	—		—		—		—		—		—		—		—
Total	29,610		96,052		71,906		35,172		11,052		20,616		34,427		298,835



Commercial real estate - owner-occupied
Risk Ratings:
Pass	74,304		185,717		157,946		139,936		158,728		317,778		15,952		1,050,361
Special Mention	199		1,616		—		1,016		4,471		4,088		—		11,390
Substandard	—		—		570		3,782		1,066		5,100		—		10,518
Substandard Impaired	—		—		—		426		—		3,634		—		4,060
Doubtful¹	—		—		—		—		321		—		—		321
Total	74,503		187,333		158,516		145,160		164,586		330,600		15,952		1,076,650



Commercial real estate - non owner-occupied
Risk Ratings:
Pass	80,710		321,844		230,276		130,437		196,698		390,280		6,150		1,356,395
Special Mention	—		105		—		1,376		7,876		1,117		—		10,474
Substandard	—		—		5,705		—		8,326		6,367		1,350		21,748
Substandard Impaired	—		—		—		—		126		4,044		—		4,170
Doubtful	—		—		—		—		—		—		—		—
Total	80,710		321,949		235,981		131,813		213,026		401,808		7,500		1,392,787



Residential real estate
Risk Ratings:
Pass	32,562		160,057		261,757		273,829		196,662		202,708		312,596		1,440,171
Special Mention	—		190		277		721		3,387		621		68		5,264
Substandard	—		—		1,334		—		—		1,607		1,580		4,521
Substandard Impaired	84		693		—		3,613		—		10,495		3,330		18,215
Doubtful	—		—		—		—		—		—		—		—
Total	32,646		160,940		263,368		278,163		200,049		215,431		317,574		1,468,171



Commercial and financial
Risk Ratings:
Pass	100,094		152,509		115,004		88,448		44,728		52,576		185,175		738,534
Special Mention	—		287		14		530		95		2,255		1,181		4,362
Substandard	—		148		337		259		425		1,698		2,099		4,966
Substandard Impaired	—		644		1,847		2,403		1,819		940		1,669		9,322
Doubtful¹	—		—		—		39		—		—		9		48
Total	100,094		153,588		117,202		91,679		47,067		57,469		190,133		757,232


	June 30, 2020
(In thousands)	2020		2019		2018		2017		2016		Prior		Revolving		Total



Consumer
Risk Ratings:
Pass	29,140		55,596		38,416		25,291		26,191		12,986		11,225		198,845
Special Mention	—		23		29		105		—		87		1,751		1,995
Substandard	—		—		—		19		8		39		340		406
Substandard Impaired	41		52		48		—		316		224		—		681
Doubtful	—		—		—		—		—		—		—		—
Total	29,181		55,671		38,493		25,415		26,515		13,336		13,316		201,927



Paycheck Protection Program
Risk Ratings:
Pass	576,450		—		—		—		—		—		—		576,450

Total	576,450		—		—		—		—		—		—		576,450
Consolidated
Risk Ratings:
Pass	922,672		971,272		873,927		693,075		633,485		994,588		564,537		5,653,556
Special Mention	397		2,724		1,698		3,786		15,829		10,315		3,000		37,749
Substandard	—		148		7,946		4,060		9,825		14,869		6,357		43,205
Substandard Impaired	125		1,389		1,895		6,442		2,835		19,488		4,999		37,173
Doubtful¹	—		—		—		39		321		—		9		369
Total	$	923,194	$	975,533	$	885,466	$	707,402	$	662,295	$	1,039,260	$	578,902	$	5,772,052
¹Loans classified as doubtful are fully reserved as of June 30, 2020.

The following table presents the risk rating of loans as of:


	December 31, 2019
(In thousands)	Pass		Special Mention		Substandard		Doubtful¹		Total
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
Totals	$	5,091,691	$	51,560	$	53,958	$	1,195	$	5,198,404
¹Loans classified as doubtful are fully reserved as of December 31, 2019.

Schedule of Troubled Debt Restructuring

The following table presents loans that were modified in a troubled debt restructuring during the three and six months ended:


	Three Months Ended June 30,
	2020								2019
(In thousands)	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Construction and land development	1	$	12	$	12	—	$	—	$	—
Commercial real estate - owner-occupied	—	—		—		1	351		351
Commercial real estate - non owner-occupied	—	—		—		—	—		—
Residential real estate	—	—		—		—	—		—
Commercial and financial	—	—		—		—	—		—
Consumer	2	47		47		1	19		19
Totals	3	$	59	$	59	2	$	370	$	370


	Six Months Ended June 30,
	2020								2019
(In thousands)	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Construction and land development	1	$	12	$	12	—	$	—	$	—
Commercial real estate - owner-occupied	—	—		—		2	2,166		2,166
Commercial real estate - non owner-occupied	—	—		—		—	—		—
Residential real estate	1	45		45		—	—		—
Commercial and financial	4	437		437		1	180		180
Consumer	2	47		47		1	19		19
Totals	8	$	541	$	541	4	$	2,365	$	2,365