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Loans (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Portfolio Loans, Purchased Credit Impaired Loans and Purchased Unimpaired Loans
The following table outlines net loans balances by category as of:
 
 
 
December 31, 2018
(In thousands)
 
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Loans
 
 
 
 
 
 
 
 
Construction and land development
 
$
301,473

 
$
151

 
$
141,944

 
$
443,568

Commercial real estate
 
1,437,989

 
10,828

 
683,249

 
2,132,066

Residential real estate
 
1,055,525

 
2,718

 
266,134

 
1,324,377

Commercial and financial
 
603,057

 
737

 
118,528

 
722,322

Consumer
 
190,207

 
—

 
12,674

 
202,881

    Total Loans(1)
 
$
3,588,251

 
$
14,434

 
$
1,222,529

 
$
4,825,214

 
 
 
December 31, 2017
(In thousands)
 
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Loans
 
 
 
 
 
 
 
 
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

 
—

 
10,610

 
189,436

    Total Loans(1)
 
$
2,922,609

 
$
17,417

 
$
877,351

 
$
3,817,377

 
(1)Loan balances at December 31, 2018 and 2017 include deferred costs of $16.9 million and $12.9 million, respectively.
Schedule of Past Due Financing Receivables
The following table presents the balances outstanding status by class of loans as of:
 
 
 
December 31, 2018
 
 
 
 
Accruing
30-59 Days
 
Accruing
60-89 Days
 
Accruing
Greater
Than
 
 
 
Total
Financing
(In thousands)
 
Current
 
Past Due
 
Past Due
 
90 Days
 
Nonaccrual
 
Receivables
Portfolio Loans
 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
 
$
301,348

 
$
97

 
$
—

 
$
—

 
$
28

 
$
301,473

Commercial real estate
 
1,427,413

 
3,852

 
97

 
141

 
6,486

 
1,437,989

Residential real estate
 
1,044,375

 
2,524

 
525

 
295

 
7,806

 
1,055,525

Commercial and financial
 
594,930

 
5,186

 
1,661

 
—

 
1,280

 
603,057

Consumer
 
189,061

 
637

 
326

 
—

 
183

 
190,207

Total Portfolio Loans
 
3,557,127

 
12,296

 
2,609

 
436

 
15,783

 
3,588,251

 
 
 
 
 
 
 
 
 
 
 
 
 
PULs
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
140,013

 
1,931

 
—

 
—

 
—

 
141,944

Commercial real estate
 
680,060

 
1,846

 
—

 
—

 
1,343

 
683,249

Residential real estate
 
260,781

 
1,523

 
—

 
90

 
3,740

 
266,134

Commercial and financial
 
116,173

 
342

 
—

 
—

 
2,013

 
118,528

Consumer
 
12,643

 
—

 
31

 
—

 
—

 
12,674

Total PULs
 
1,209,670

 
5,642

 
31

 
90

 
7,096


1,222,529

 
 
 
 
 
 
 
 
 
 
 
 
 
PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
135

 
—

 
—

 
—

 
16

 
151

Commercial real estate
 
8,403

 
1,034

 
—

 
—

 
1,391

 
10,828

Residential real estate
 
556

 
—

 
—

 
—

 
2,162

 
2,718

Commercial and financial
 
74

 
635

 
—

 
—

 
28

 
737

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

Total PCI Loans
 
9,168

 
1,669


—


—


3,597


14,434

 
 
 
 
 
 
 
 
 
 
 
 


Total Loans
 
$
4,775,965


$
19,607


$
2,640


$
526


$
26,476


$
4,825,214

 
 
December 31, 2017
 
 
 
 
Accruing
30-59 Days
 
Accruing
60-89 Days
 
Accruing
Greater
Than
 
 
 
Total
Financing
(In thousands)
 
Current
 
Past Due
 
Past Due
 
90 Days
 
Nonaccrual
 
Receivables
Portfolio Loans
 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
 
$
215,077

 
$
—

 
$
—

 
$
—

 
$
238

 
$
215,315

Commercial real estate
 
1,165,738

 
2,605

 
585

 
—

 
1,690

 
1,170,618

Residential real estate
 
836,117

 
812

 
75

 
—

 
8,416

 
845,420

Commercial and financial
 
507,501

 
2,776

 
26

 
—

 
2,127

 
512,430

Consumer
 
178,676

 
52

 
—

 
—

 
98

 
178,826

Total Portfolio Loans
 
2,903,109

 
6,245


686


—


12,569


2,922,609

 
 
 
 
 
 
 
 
 
 
 
 
 
PULs
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
126,655

 
34

 
—

 
—

 
—

 
126,689

Commercial real estate
 
457,899

 
979

 
—

 
—

 
720

 
459,598

Residential real estate
 
186,549

 
128

 
87

 
—

 
1,000

 
187,764

Commercial and financial
 
92,315

 
54

 
—

 
—

 
321

 
92,690

Consumer
 
10,610

 
—

 
—

 
—

 
—

 
10,610

Total PULs
 
874,028


1,195


87


—


2,041


877,351

 
 
 
 
 
 
 
 
 
 
 
 
 
PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
1,121

 
—

 
—

 
—

 
—

 
1,121

Commercial real estate
 
9,352

 
—

 
—

 
—

 
424

 
9,776

Residential real estate
 
544

 
642

 
—

 
—

 
4,440

 
5,626

Commercial and financial
 
844

 
—

 
—

 
—

 
50

 
894

Consumer
 
—

 
—

 
—

 
—

 
—

 
—

Total PCI Loans
 
11,861


642


—


—


4,914


17,417

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
3,788,998


$
8,082


$
773


$
—


$
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:
 

 
 
December 31, 2018
(In thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Net Loans
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
428,044

 
$
10,429

 
$
5,095

 
$
—

 
$
443,568

Commercial real estate
 
2,063,589

 
41,429

 
27,048

 
—

 
2,132,066

Residential real estate
 
1,296,634

 
3,654

 
24,089

 
—

 
1,324,377

Commercial and financial
 
707,663

 
8,387

 
6,247

 
25

 
722,322

Consumer
 
198,367

 
3,397

 
1,117

 
—

 
202,881

Total Net Loans
 
$
4,694,297

 
$
67,296

 
$
63,596

 
$
25

 
$
4,825,214


 
 
 
December 31, 2017
(In thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Net Loans
 
 
 
 
 
 
 
 
 
 
Construction and land development
 
$
328,127

 
$
10,414

 
$
4,584

 
$
—

 
$
343,125

Commercial real estate
 
1,586,932

 
29,273

 
23,787

 
—

 
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

 
—

 
82

 
—

 
189,436

Total Net Loans
 
$
3,722,027

 
$
47,545

 
$
47,494

 
$
311

 
$
3,817,377
Schedule of Changes in Accretable Yield on PCI Loans
The table below summarizes the changes in accretable yield on PCI loans for the years ended:
 
 
 
December 31,
(In thousands)
 
2018
 
2017
 
2016
Beginning balance
 
$
3,699

 
$
3,807

 
$
2,610

Additions
 
—

 
763

 
2,052

Deletions
 
(43
)
 
(11
)
 
(15
)
Accretion
 
(1,291
)
 
(1,647
)
 
(1,734
)
Reclassifications from non-accretable difference
 
559

 
787

 
894

Ending Balance
 
$
2,924

 
$
3,699

 
$
3,807
Schedule of Impaired Financing Receivables, Excluding PCI Loans and Valuation Allowance
At December 31, 2018 and 2017, the Company’s recorded investment in impaired loans, excluding PCI loans, and related valuation allowance was as follows:
 
 
December 31, 2018
 
 
Recorded
 
Unpaid
Principal
 
Related
Valuation
(In thousands)
 
Investment
 
Balance
 
Allowance
Impaired Loans with No Related Allowance Recorded:
 
 

 
 

 
 

Construction and land development
 
$
15

 
$
229

 
$
—

Commercial real estate
 
3,852

 
5,138

 
—

Residential real estate
 
13,510

 
18,111

 
—

Commercial and financial
 
1,191

 
1,414

 
—

Consumer
 
280

 
291

 
—

 
 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 
 

 
 

 
 

Construction and land development
 
196

 
211

 
22

Commercial real estate
 
9,786

 
12,967

 
369

Residential real estate
 
5,537

 
5,664

 
805

Commercial and financial
 
2,131

 
2,309

 
1,498

Consumer
 
202

 
211

 
34

 
 
 
 
 
 
 
Total Impaired Loans
 
 
 
 
 
 
Construction and land development
 
211

 
440

 
22

Commercial real estate
 
13,638

 
18,105

 
369

Residential real estate
 
19,047

 
23,775

 
805

Commercial and financial
 
3,322

 
3,723

 
1,498

Consumer
 
482

 
502

 
34

Total Impaired Loans
 
$
36,700

 
$
46,545

 
$
2,728

 
 
 
December 31, 2017
 
 
Recorded
 
Unpaid
Principal
 
Related
Valuation
(In thousands)
 
Investment
 
Balance
 
Allowance
Impaired Loans with No Related Allowance Recorded:
 
 

 
 

 
 

Construction and land development
 
$
223

 
$
510

 
$
—

Commercial real estate
 
3,475

 
4,873

 
—

Residential real estate
 
10,272

 
15,063

 
—

Commercial and financial
 
19

 
29

 
—

Consumer
 
105

 
180

 
—

 
 
 
 
 
 
 
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 Impaired Loans
 
$
30,291

 
$
35,519

 
$
2,402