Loans (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable

Information pertaining to portfolio loans, purchased credit impaired (“PCI”) loans, and purchased unimpaired loans (“PUL”) loans is as follows:

	March 31, 2018
	Portfolio Loans		PCI Loans		PULs		Total

	(In thousands)
Construction and land development	$	253,416	$	1,150	$	119,678	$	374,244
Commercial real estate		1,197,152		9,855		438,232		1,645,239
Residential real estate		888,534		1,869		174,749		1,065,152
Commercial and financial		536,321		819		79,562		616,702
Consumer		188,195		0		7,593		195,788
NET LOAN BALANCES 1	$	3,063,618	$	13,693	$	819,814	$	3,897,125

	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		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

⁽¹⁾ Net loan balances as of March 31, 2018 and December 31, 2017 include deferred costs of $13.9 million and $12.9 million for each period, respectively.

Past Due Financing Receivables

The following tables present the contractual delinquency of the recorded investment by class of loans as of:

	March 31, 2018
							Accruing
			Accruing		Accruing		Greater				Total
			30-59 Days		60-89 Days		Than				Financing
	Current		Past Due		Past Due		90 Days		Nonaccrual		Receivables
	(In thousands)
Portfolio Loans
Construction and land development	$	253,189	$	0	$	0	$	0	$	227	$	253,416
Commercial real estate		1,194,839		1,296		0		0		1,017		1,197,152
Residential real estate		877,943		1,179		82		0		9,330		888,534
Commerical and financial		530,801		3,149		173		229		1,969		536,321
Consumer		187,818		218		74		0		85		188,195
Total		3,044,590		5,842		329		229		12,628		3,063,618

Purchased Unimpaired Loans
Construction and land development		119,539		139		0		0		0		119,678
Commercial real estate		436,589		609		326		0		708		438,232
Residential real estate		170,128		527		0		0		4,094		174,749
Commerical and financial		79,400		2		0		0		160		79,562
Consumer		7,588		0		5		0		0		7,593
Total		813,244		1,277		331		0		4,962		819,814

Purchased Credit Impaired Loans
Construction and land development		1,150		0		0		0		0		1,150
Commercial real estate		9,427		0		0		0		428		9,855
Residential real estate		548		0		0		0		1,321		1,869
Commerical and financial		819		0		0		0		0		819
Consumer		0		0		0		0		0		0
Total		11,944		0		0		0		1,749		13,693

Total Loans	$	3,869,778	$	7,119	$	660	$	229	$	19,339	$	3,897,125

	December 31, 2017
							Accruing
			Accruing		Accruing		Greater				Total
			30-59 Days		60-89 Days		Than				Financing
	Current		Past Due		Past Due		90 Days		Nonaccrual		Receivables

	(In thousands)
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
Commerical and financial		507,501		2,776		26		0		2,127		512,430
Consumer		178,676		52		0		0		98		178,826
Total		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
Commerical and financial		92,315		54		0		0		321		92,690
Consumer		10,610		0		0		0		0		10,610
Total		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
Commerical and financial		844		0		0		0		50		894
Consumer		0		0		0		0		0		0
Total		11,861		642		0		0		4,914		17,417

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

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, 2018 and December 31, 2017:

	March 31, 2018
			Special
	Pass		Mention		Substandard		Doubtful		Total

	(In thousands)
Construction and land development	$	363,778	$	8,471	$	1,995	$	0	$	374,244
Commercial real estate		1,596,893		29,421		18,925		0		1,645,239
Residential real estate		1,036,786		2,456		25,910		0		1,065,152
Commerical and financial		608,025		3,056		4,067		1,554		616,702
Consumer		193,867		1,333		588		0		195,788
Total	$	3,799,349	$	44,737	$	51,485	$	1,554	$	3,897,125

	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
Commerical and financial		593,689		3,237		8,838		250		606,014
Consumer		189,354		0		82		0		189,436
Total	$	3,722,027	$	47,545	$	47,494	$	311	$	3,817,377

Contractually Required Principal And Interest Cash Payments Changes

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

	March 31,
(In thousands)	2018		2017
Beginning balance	$	3,699	$	3,807
Additions		0		0
Deletions		(43)		0
Accretion		(443)		(365)
Reclassification from non-accretable difference		339		68
Ending balance	$	3,552	$	3,510

Troubled Debt Restructurings on Financing Receivables

The following table presents loans that were modified during the three months ended:

			Pre-		Post-
			Modification		Modification
	Number		Outstanding		Outstanding		Specific		Valuation
	of		Recorded		Recorded		Reserve		Allowance
	Contracts		Investment		Investment		Recorded		Recorded
	(In thousands)
March 31, 2018
Total loans		0	$	0	$	0	$	0	$	0


March 31, 2017
Construction and land development		1	$	52	$	46	$	0	$	6
Total loans		1	$	52	$	46	$	0	$	6

Impaired Financing Receivables

As of March 31, 2018 and December 31, 2017, the Company’s recorded investment in impaired loans, excluding PCI loans, and related valuation allowance was as follows:

	March 31, 2018
			Unpaid		Related
	Recorded		Principal		Valuation
	Investment		Balance		Allowance
	(In thousands)
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	213	$	497	$	0
Commercial real estate		2,777		4,196		0
Residential real estate		14,156		19,042		0
Commercial and financial		166		177		0
Consumer		93		134		0
Impaired Loans with an Allowance Recorded:
Construction and land development		238		251		26
Commercial real estate		4,749		4,749		178
Residential real estate		7,744		7,932		1,094
Commercial and financial		2,197		878		1,406
Consumer		275		279		41
Total Impaired Loans
Construction and land development		451		748		26
Commercial real estate		7,526		8,945		178
Residential real estate		21,900		26,974		1,094
Commercial and financial		2,363		1,055		1,406
Consumer		368		413		41
Total	$	32,608	$	38,135	$	2,745

	December 31, 2017
			Unpaid		Related
	Recorded		Principal		Valuation
	Investment		Balance		Allowance
				(In thousands)
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 Impaired Loans
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
Total	$	30,291	$	35,519	$	2,402