Loans (Tables)

6 Months Ended

Jun. 30, 2018

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

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



	June 30, 2018
	Portfolio Loans		PCI Loans		PULs		Total
	(In thousands)
Construction and land development	$	250,314	$	126	$	108,630	$	359,070
Commercial real estate	1,297,051		10,878		393,366		1,701,295
Residential real estate	941,728		1,417		160,800		1,103,945
Commercial and financial	548,758		794		69,318		618,870
Consumer	183,718		0		7,118		190,836
Totals ¹	$	3,221,569	$	13,215	$	739,232	$	3,974,016



	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
Totals ¹	$	2,922,609	$	17,417	$	877,351	$	3,817,377

(1) Net loan balances as of June 30, 2018 and December 31, 2017 include deferred costs of $15.0 million and $12.9 million for each period, respectively.

Schedule of Past Due Financing Receivables

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



	June 30, 2018
	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total Financing Receivables
	(In thousands)
Portfolio Loans
Construction and land development	$	250,053	$	44	$	0	$	0	$	217	$	250,314
Commercial real estate	1,286,765		788		0		0		9,498		1,297,051
Residential real estate	930,666		2,296		0		0		8,766		941,728
Commerical and financial	543,301		4,544		0		0		913		548,758
Consumer	183,410		144		0		0		164		183,718
Totals	3,194,195		7,816		0		0		19,558		3,221,569

Purchased Unimpaired Loans
Construction and land development	108,017		613		0		0		0		108,630
Commercial real estate	390,619		2,339		0		0		408		393,366
Residential real estate	155,520		1,274		109		0		3,897		160,800
Commerical and financial	67,366		1,459		0		493		0		69,318
Consumer	7,098		20		0		0		0		7,118
Totals	728,620		5,705		109		493		4,305		739,232

Purchased Credit Impaired Loans
Construction and land development	126		0		0		0		0		126
Commercial real estate	9,451		0		0		0		1,427		10,878
Residential real estate	570		0		0		0		847		1,417
Commerical and financial	749		0		0		0		45		794
Consumer	0		0		0		0		0		0
Totals	10,896		0		0		0		2,319		13,215

Totals	$	3,933,711	$	13,521	$	109	$	493	$	26,182	$	3,974,016



	December 31, 2017
	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total Financing 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
Commercial and financial	507,501		2,776		26		0		2,127		512,430
Consumer	178,676		52		0		0		98		178,826
Totals	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
Totals	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
Totals	11,861		642		0		0		4,914		17,417

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

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 June 30, 2018 and December 31, 2017:



	June 30, 2018
	Pass		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Construction and land development	$	351,792	$	6,456	$	822	$	0	$	359,070
Commercial real estate	1,647,630		19,716		33,949		0		1,701,295
Residential real estate	1,077,202		2,341		24,402		0		1,103,945
Commercial and financial	612,333		214		6,223		100		618,870
Consumer	188,894		1,338		604		0		190,836
Totals	$	3,877,851	$	30,065	$	66,000	$	100	$	3,974,016



	December 31, 2017
	Pass		Special 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
Totals	$	3,722,027	$	47,545	$	47,494	$	311	$	3,817,377

Summary of Changes in Accretable Yield on PCI Loans

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



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2018			2017			2018			2017
Beginning balance	$	3,552		$	3,510		$	3,699		$	3,807
Additions	0			0			0			0
Deletions	0			(10		)	(43		)	(10		)
Accretion	(262		)	(451		)	(705		)	(816		)
Reclassification from non-accretable difference	(101		)	216			238			284
Ending balance	$	3,189		$	3,265		$	3,189		$	3,265

Schedule of Loans Modified

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



	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve Recorded		Valuation Allowance Recorded
	(In thousands)
June 30, 2018
Commercial and financial	1	$	98	$	0	$	0	$	0
Totals	1	$	98	$	0	$	0	$	0
June 30, 2017
Construction and land development	1	$	52	$	46	$	6	$	6
Residential real estate	1	15		15		0		0
Totals	2	$	67	$	61	$	6	$	6

Schedule of Impaired Financing Receivables, Excluding PCI Loans and Valuation Allowances

As of June 30, 2018 and December 31, 2017, the Company’s recorded investment in impaired loans, excluding PCI loans, the unpaid principal balance and related valuation allowance was as follows:



	June 30, 2018
	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	204	$	484	$	0
Commercial real estate	2,549		3,764		0
Residential real estate	13,847		18,352		0
Commercial and financial	0		0		0
Consumer	172		211		0
Impaired Loans with an Allowance Recorded:
Construction and land development	224		238		24
Commercial real estate	13,116		13,144		525
Residential real estate	6,820		7,014		933
Commercial and financial	933		927		550
Consumer	267		273		41
Total Impaired Loans
Construction and land development	428		722		24
Commercial real estate	15,665		16,908		525
Residential real estate	20,667		25,366		933
Commercial and financial	933		927		550
Consumer	439		484		41
Totals	$	38,132	$	44,407	$	2,073



	December 31, 2017
	Recorded Investment		Unpaid Principal Balance		Related Valuation 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
Totals	$	30,291	$	35,519	$	2,402