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LOANS (Tables)
3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Information relating to portfolio loans, purchased credit impaired (“PCI”) loans, and purchased unimpaired loans (“PUL”) is summarized as follows:
 
March 31, 2017
 
Portfolio Loans
 
 
PCI Loans
 
 
PUL's
 
 
Total
 
 
 
(In thousands)
 
Construction and land development
 
$
155,871
 
 
$
114
 
 
$
19,007
 
 
$
174,992
 
Commercial real estate
 
 
1,069,290
 
 
 
11,279
 
 
 
273,571
 
 
 
1,354,140
 
Residential real estate
 
 
844,915
 
 
 
689
 
 
 
48,070
 
 
 
893,674
 
Commercial and financial
 
 
337,587
 
 
 
900
 
 
 
46,702
 
 
 
385,189
 
Consumer
 
 
164,161
 
 
 
0
 
 
 
878
 
 
 
165,039
 
Other loans
 
 
725
 
 
 
0
 
 
 
0
 
 
 
725
 
NET LOAN BALANCES (1)
 
$
2,572,549
 
 
$
12,982
 
 
$
388,228
 
 
$
2,973,759
 
 
December 31, 2016
 
Portfolio Loans
 
 
PCI Loans
 
 
PUL's
 
 
Total
 
 
 
(In thousands)
 
Construction and land development
 
$
137,480
 
 
$
114
 
 
$
22,522
 
 
$
160,116
 
Commercial real estate
 
 
1,041,915
 
 
 
11,257
 
 
 
304,420
 
 
 
1,357,592
 
Residential real estate
 
 
784,290
 
 
 
684
 
 
 
51,813
 
 
 
836,787
 
Commercial and financial
 
 
308,731
 
 
 
941
 
 
 
60,917
 
 
 
370,589
 
Consumer
 
 
152,927
 
 
 
0
 
 
 
1,018
 
 
 
153,945
 
Other loans
 
 
507
 
 
 
0
 
 
 
0
 
 
 
507
 
NET LOAN BALANCES (1)
 
$
2,425,850
 
 
$
12,996
 
 
$
440,690
 
 
$
2,879,536
 
 
(1) Net loan balances as of March 31, 2017 and December 31, 2016 include deferred costs of $9.7 million and $10.6 million for each period, respectively.
Contractually Required Principal And Interest Cash Payments Changes
Activity during the three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reclassifications
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
from
 
 
 
 
 
 
December 31,
 
 
 
 
 
 
 
 
 
 
 
nonaccretable
 
 
March 31,
 
 
 
2016
 
 
Additions
 
 
Deletions
 
 
Accretion
 
 
difference
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
Accretable yield
 
$
3,807
 
 
 
0
 
 
 
0
 
 
 
(365)
 
 
 
68
 
 
 
3,510
 
Recorded investment of acquired loans
 
$
12,996
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
12,982
 
Allowance for loan losses
 
 
0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0
 
Recorded investment less allowance for loan losses
 
$
12,996
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
12,982
 
 
Activity during the three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reclassifications
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
from
 
 
 
 
 
 
December 31,
 
 
 
 
 
 
 
 
 
 
 
nonaccretable
 
 
March 31,
 
 
 
2015
 
 
Additions
 
 
Deletions
 
 
Accretion
 
 
difference
 
 
2016
 
 
 
(In thousands)
 
Accretable yield
 
$
2,610
 
 
 
616
 
 
 
184
 
 
 
(267)
 
 
 
0
 
 
$
3,143
 
Recorded investment of acquired loans
 
$
12,109
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
16,531
 
Allowance for loan losses
 
 
0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0
 
Recorded investment less allowance for loan losses
 
$
12,109
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
16,531
 
Past Due Financing Receivables
The following tables present the contractual delinquency of the recorded investment in past due loans by class of loans as of March 31, 2017 and December 31, 2016:
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
Accruing
 
 
Greater
 
 
 
 
 
 
 
 
Total
 
March 31, 2017
 
30-59 Days
 
 
60-89 Days
 
 
Than
 
 
 
 
 
 
 
 
Financing
 
(In thousands)
 
Past Due
 
 
Past Due
 
 
90 Days
 
 
Nonaccrual
 
 
Current
 
 
Receivables
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Portfolio Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
80
 
 
$
0
 
 
$
0
 
 
$
486
 
 
$
155,305
 
 
$
155,871
 
Commercial real estate
 
 
2,439
 
 
 
0
 
 
 
0
 
 
 
1,476
 
 
 
1,065,375
 
 
 
1,069,290
 
Residential real estate
 
 
182
 
 
 
30
 
 
 
0
 
 
 
8,472
 
 
 
836,231
 
 
 
844,915
 
Commerical and financial
 
 
54
 
 
 
692
 
 
 
0
 
 
 
24
 
 
 
336,817
 
 
 
337,587
 
Consumer
 
 
6
 
 
 
13
 
 
 
0
 
 
 
99
 
 
 
164,043
 
 
 
164,161
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
725
 
 
 
725
 
Total
 
 
2,761
 
 
 
735
 
 
 
0
 
 
 
10,557
 
 
 
2,558,496
 
 
$
2,572,549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Unimpaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
109
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
18,898
 
 
$
19,007
 
Commercial real estate
 
 
133
 
 
 
0
 
 
 
0
 
 
 
1,092
 
 
 
272,346
 
 
 
273,571
 
Residential real estate
 
 
0
 
 
 
99
 
 
 
0
 
 
 
1,395
 
 
 
46,576
 
 
 
48,070
 
Commerical and financial
 
 
39
 
 
 
304
 
 
 
0
 
 
 
180
 
 
 
46,179
 
 
 
46,702
 
Consumer
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
878
 
 
 
878
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Total
 
 
281
 
 
 
403
 
 
 
0
 
 
 
2,667
 
 
 
384,877
 
 
$
388,228
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Credit Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
114
 
 
$
114
 
Commercial real estate
 
 
0
 
 
 
0
 
 
 
0
 
 
 
3,761
 
 
 
7,518
 
 
 
11,279
 
Residential real estate
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
689
 
 
 
689
 
Commerical and financial
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
900
 
 
 
900
 
Consumer
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Total
 
 
0
 
 
 
0
 
 
 
0
 
 
 
3,761
 
 
 
9,221
 
 
$
12,982
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
3,042
 
 
$
1,138
 
 
$
0
 
 
$
16,985
 
 
$
2,952,594
 
 
$
2,973,759
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
 
 
Accruing
 
 
Greater
 
 
 
 
 
 
 
 
Total
 
December 31, 2016
 
30-59 Days
 
 
60-89 Days
 
 
Than
 
 
 
 
 
 
 
 
Financing
 
(In thousands)
 
Past Due
 
 
Past Due
 
 
90 Days
 
 
Nonaccrual
 
 
Current
 
 
Receivables
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Portfolio Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
0
 
 
$
0
 
 
$
0
 
 
$
438
 
 
$
137,042
 
 
$
137,480
 
Commercial real estate
 
 
78
 
 
 
171
 
 
 
0
 
 
 
1,784
 
 
 
1,039,882
 
 
 
1,041,915
 
Residential real estate
 
 
1,570
 
 
 
261
 
 
 
0
 
 
 
8,582
 
 
 
773,877
 
 
 
784,290
 
Commerical and financial
 
 
30
 
 
 
0
 
 
 
0
 
 
 
49
 
 
 
308,652
 
 
 
308,731
 
Consumer
 
 
29
 
 
 
59
 
 
 
0
 
 
 
170
 
 
 
152,669
 
 
 
152,927
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
507
 
 
 
507
 
Total
 
$
1,707
 
 
$
491
 
 
$
0
 
 
$
11,023
 
 
$
2,412,629
 
 
$
2,425,850
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Unimpaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
0
 
 
$
0
 
 
$
0
 
 
$
32
 
 
$
22,490
 
 
$
22,522
 
Commercial real estate
 
 
345
 
 
 
485
 
 
 
0
 
 
 
1,272
 
 
 
302,318
 
 
 
304,420
 
Residential real estate
 
 
153
 
 
 
0
 
 
 
0
 
 
 
1,262
 
 
 
50,398
 
 
 
51,813
 
Commerical and financial
 
 
39
 
 
 
328
 
 
 
0
 
 
 
197
 
 
 
60,353
 
 
 
60,917
 
Consumer
 
 
37
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
981
 
 
 
1,018
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Total
 
$
574
 
 
$
813
 
 
$
0
 
 
$
2,763
 
 
$
436,540
 
 
$
440,690
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Purchased Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 
 
$
114
 
 
$
114
 
Commercial real estate
 
 
0
 
 
 
0
 
 
 
0
 
 
 
4,285
 
 
 
6,972
 
 
 
11,257
 
Residential real estate
 
 
0
 
 
 
185
 
 
 
0
 
 
 
0
 
 
 
499
 
 
 
684
 
Commerical and financial
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
941
 
 
 
941
 
Consumer
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Other
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Total
 
$
0
 
 
$
185
 
 
$
0
 
 
$
4,285
 
 
$
8,526
 
 
$
12,996
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
2,281
 
 
$
1,489
 
 
$
0
 
 
$
18,071
 
 
$
2,857,695
 
 
$
2,879,536
 
Financing Receivable Credit Quality Indicators
The following tables present the risk category of loans by class of loans based on the most recent analysis performed as of March 31, 2017 and December 31, 2016:
 
March 31, 2017
 
 
 
 
 
Construction
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
& Land
 
 
Commercial
 
 
Residential
 
 
and
 
 
Consumer
 
 
 
 
(In thousands)
 
Development
 
 
Real Estate
 
 
Real Estate
 
 
Financial
 
 
Loans
 
 
Total
 
Pass
 
$
165,256
 
 
$
1,311,801
 
 
$
867,658
 
 
$
377,937
 
 
$
164,197
 
 
$
2,886,849
 
Special mention
 
 
4,283
 
 
 
21,222
 
 
 
1,708
 
 
 
5,692
 
 
 
901
 
 
 
33,806
 
Substandard
 
 
4,693
 
 
 
8,909
 
 
 
3,029
 
 
 
1,154
 
 
 
209
 
 
 
17,994
 
Doubtful
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Nonaccrual
 
 
486
 
 
 
6,329
 
 
 
9,867
 
 
 
204
 
 
 
99
 
 
 
16,985
 
Pass-Troubled debt restructures
 
 
40
 
 
 
4,820
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
4,860
 
Troubled debt restructures
 
 
234
 
 
 
1,059
 
 
 
11,412
 
 
 
202
 
 
 
358
 
 
 
13,265
 
 
 
$
174,992
 
 
$
1,354,140
 
 
$
893,674
 
 
$
385,189
 
 
$
165,764
 
 
$
2,973,759
 
 
December 31, 2016
 
 
 
 
 
Construction
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
& Land
 
 
Commercial
 
 
Residential
 
 
and
 
 
Consumer
 
 
 
 
(In thousands)
 
Development
 
 
Real Estate
 
 
Real Estate
 
 
Financial
 
 
Loans
 
 
Total
 
Pass
 
$
148,563
 
 
$
1,319,696
 
 
$
811,576
 
 
$
364,241
 
 
$
153,730
 
 
$
2,797,806
 
Special mention
 
 
5,037
 
 
 
17,184
 
 
 
1,780
 
 
 
3,949
 
 
 
67
 
 
 
28,017
 
Substandard
 
 
5,497
 
 
 
7,438
 
 
 
2,709
 
 
 
2,153
 
 
 
134
 
 
 
17,931
 
Doubtful
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
Nonaccrual
 
 
470
 
 
 
7,341
 
 
 
9,844
 
 
 
246
 
 
 
170
 
 
 
18,071
 
Pass-Troubled debt restructures
 
 
44
 
 
 
4,988
 
 
 
358
 
 
 
0
 
 
 
44
 
 
 
5,434
 
Troubled debt restructures
 
 
505
 
 
 
945
 
 
 
10,520
 
 
 
0
 
 
 
307
 
 
 
12,277
 
 
 
$
160,116
 
 
$
1,357,592
 
 
$
836,787
 
 
$
370,589
 
 
$
154,452
 
 
$
2,879,536