Loans (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table outlines net loans balances by category as of:

	December 31, 2017
	Portfolio Loans		PCI Loans		PULs		Total
	(In thousands)
Construction and land development	$	215,315	$	1,121	$	126,689	$	343,125
Commercial real estate		1,170,618		9,776		459,598		1,639,992
Residential real estate		845,420		5,626		187,764		1,038,810
Commercial and financial ⁽²⁾		512,430		894		92,690		606,014
Consumer		178,826		0		10,610		189,436
NET LOAN BALANCES ⁽¹⁾	$	2,922,609	$	17,417	$	877,351	$	3,817,377

	December 31, 2016
	Portfolio Loans		PCI Loans		PULs		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 ⁽²⁾		308,731		941		60,917		370,589
Consumer		153,434		0		1,018		154,452
NET LOAN BALANCES ⁽¹⁾	$	2,425,850	$	12,996	$	440,690	$	2,879,536

(1)

Net loan balances at December 31, 2017 and 2016 include deferred costs of $11.5 million and $10.6 million, respectively.

(2)

Commercial and financial includes equipment lease financing of $30.3 million and $0 as of December 31, 2017 and 2016, respectively.

Past Due Financing Receivables

							Accruing
			Accruing		Accruing		Greater				Total
			30-59 Days		60-89 Days		Than				Financing
December 31, 2017 (in thousands)	Current		Past Due		Past Due		90 Days		Nonaccrual		Receivables
Portfolio Loans
Construction and land development	$	215,077	$	0	$	0	$	0	$	238	$	215,315
Commercial real estate		1,165,738		2,605		585		0		1,690		1,170,618
Residential real estate		836,117		812		75		0		8,416		845,420
Commercial and financial		507,501		2,776		26		0		2,127		512,430
Consumer		178,676		52		0		0		98		178,826
Total Portfolio Loans		2,903,109		6,245		686		0		12,569		2,922,609

Purchased Unimpaired Loans
Construction and land development		126,655		34		0		0		0		126,689
Commercial real estate		457,899		979		0		0		720		459,598
Residential real estate		186,549		128		87		0		1,000		187,764
Commercial and financial		92,315		54		0		0		321		92,690
Consumer		10,610		0		0		0		0		10,610
Total Purchased Unimpaired Loans		874,028		1,195		87		0		2,041		877,351

Purchased Credit Impaired Loans
Construction and land development		1,121		0		0		0		0		1,121
Commercial real estate		9,352		0		0		0		424		9,776
Residential real estate		544		642		0		0		4,440		5,626
Commercial and financial		844		0		0		0		50		894
Consumer		0		0		0		0		0		0
Total Purchased Credit Impaired Loans		11,861		642		0		0		4,914		17,417

Total Loans	$	3,788,998	$	8,082	$	773	$	0	$	19,524	$	3,817,377

							Accruing
			Accruing		Accruing		Greater				Total
			30-59 Days		60-89 Days		Than				Financing
December 31, 2016 (in thousands)	Current		Past Due		Past Due		90 Days		Nonaccrual		Receivables
Portfolio Loans
Construction and land development	$	137,042	$	0	$	0	$	0	$	438	$	137,480
Commercial real estate		1,039,882		78		171		0		1,784		1,041,915
Residential real estate		773,877		1,570		261		0		8,582		784,290
Commercial and financial		308,652		30		0		0		49		308,731
Consumer		153,176		29		59		0		170		153,434
Total Portfolio Loans		2,412,629		1,707		491		0		11,023		2,425,850

Purchased Unimpaired Loans
Construction and land development		22,490		0		0		0		32		22,522
Commercial real estate		302,318		345		485		0		1,272		304,420
Residential real estate		50,398		153		0		0		1,262		51,813
Commercial and financial		60,353		39		328		0		197		60,917
Consumer		981		37		0		0		0		1,018
Total Purchased Unimpaired Loans		436,540		574		813		0		2,763		440,690

Purchased Credit Impaired Loans
Construction and land development		114		0		0		0		0		114
Commercial real estate		6,972		0		0		0		4,285		11,257
Residential real estate		499		0		185		0		0		684
Commercial and financial		941		0		0		0		0		941
Consumer		0		0		0		0		0		0
Total Purchased Credit Impaired Loans		8,526		0		185		0		4,285		12,996

Total Loans	$	2,857,695	$	2,281	$	1,489	$	0	$	18,071	$	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:

	December 31, 2017
			Special
	Pass		Mention		Substandard		Doubtful		Total
	(In thousands)
Construction and land development	$	328,127	$	10,414	$	4,584	$	0	$	343,125
Commercial real estate		1,586,932		29,273		23,787		0		1,639,992
Residential real estate		1,023,925		4,621		10,203		61		1,038,810
Commercial and financial		593,689		3,237		8,838		250		606,014
Consumer		189,354		0		82		0		189,436
Total Loans	$	3,722,027	$	47,545	$	47,494	$	311	$	3,817,377

	December 31, 2016
			Special
	Pass		Mention		Substandard		Doubtful		Total
	(In thousands)
Construction and land development	$	148,607	$	5,037	$	6,472	$	0	$	160,116
Commercial real estate		1,324,685		17,184		15,724		0		1,357,593
Residential real estate		811,934		1,780		23,073		0		836,787
Commercial and financial		364,241		3,949		2,399		0		370,589
Consumer		153,774		67		611		0		154,452
Total loans	$	2,803,241	$	28,017	$	48,279	$	0	$	2,879,536

Contractually Required Principal And Interest Cash Payments Changes

The table below summarizes the changes in accretable yield on PCI loans for the years ended:

	December 31,
	2017		2016		2015
	(In thousands)
Beginning balance	$	3,807	$	2,610	$	1,192
Additions		763		2,052		702
Deletions		(11)		(15)		(357)
Accretion		(1,647)		(1,734)		(601)
Reclassifications from non-accretable difference		787		894		1,674
Ending Balance	$	3,699	$	3,807	$	2,610

Troubled Debt Restructurings on Financing Receivables

The following table presents accruing loans that were modified within the twelve months ending:

	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Valuation Allowance Recorded
					(In thousands)
December 31, 2017:
Construction and Land Development		1	$	52	$	46	$	6
Residential Real Estate		1		15		15		0
Total		2	$	67	$	61	$	6

December 31, 2016:
Construction and Land Development		1	$	20	$	18	$	2
Residential Real Estate		4		1,169		1,019		150
Total		5	$	1,189	$	1,037	$	152

Impaired Financing Receivables

At December 31, 2017 and 2016, the Company’s recorded investment in impaired loans, excluding PCI loans, and related valuation allowance was as follows:

	December 31, 2017
			Unpaid		Related
	Recorded		Principal		Valuation
(In thousands)	Investment		Balance		Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	223	$	510	$	0
Commercial real estate		3,475		4,873		0
Residential real estate		10,272		15,063		0
Commercial and financial		19		29		0
Consumer		105		180		0
Impaired Loans with an Allowance Recorded:
Construction and land development		251		264		23
Commercial real estate		4,780		4,780		195
Residential real estate		8,448		8,651		1,091
Commercial and financial		2,436		883		1,050
Consumer		282		286		43
Total:
Construction and land development		474		774		23
Commercial real estate		8,255		9,653		195
Residential real estate		18,720		23,714		1,091
Commercial and financial		2,455		912		1,050
Consumer		387		466		43
	$	30,291	$	35,519	$	2,402

	December 31, 2016
			Unpaid		Related
	Recorded		Principal		Valuation
(In thousands)	Investment		Balance		Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	226	$	321	$	0
Commercial real estate		3,267		4,813		0
Residential real estate		9,706		14,136		0
Commercial and financial		199		206		0
Consumer		0		0		0
Impaired Loans with an Allowance Recorded:
Construction and land development		51		51		0
Commercial real estate		6,937		6,949		395
Residential real estate		12,332		12,681		2,059
Commercial and financial		0		0		0
Consumer		0		0		0
Total:
Construction and land development		277		372		0
Commercial real estate		10,204		11,762		395
Residential real estate		22,038		26,817		2,059
Commercial and financial		199		206		0
Consumer		0		0		0
	$	32,718	$	39,157	$	2,454