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Allowance for Loan Losses
 3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Allowance for Loan Losses
Allowance for Loan Losses
 
Activity in the allowance for loan losses for the three month periods ended March 31, 2019 and 2018 is summarized as follows:
 
 
Three Months Ended March 31, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,233

 
$
83

 
$
—

 
$
4

 
$
—

 
$
2,320

Commercial real estate
11,112

 
625

 
(16
)
 
47

 
(15
)
 
11,753

Residential real estate
7,775

 
(414
)
 
(36
)
 
139

 
(19
)
 
7,445

Commercial and financial
8,585

 
853

 
(944
)
 
79

 
—

 
8,573

Consumer
2,718

 
250

 
(483
)
 
247

 
(1
)
 
2,731

Totals
$
32,423


$
1,397


$
(1,479
)

$
516


$
(35
)

$
32,822

 
 
Three Months Ended March 31, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
1,642

 
$
411

 
$
—

 
$
5

 
$
—

 
$
2,058

Commercial real estate
9,285

 
(575
)
 
—

 
147

 
(15
)
 
8,842

Residential real estate
7,131

 
788

 
—

 
200

 
(72
)
 
8,047

Commercial and financial
7,297

 
270

 
(198
)
 
24

 
—

 
7,393

Consumer
1,767

 
191

 
(307
)
 
128

 
(1
)
 
1,778

Totals
$
27,122


$
1,085


$
(505
)

$
504


$
(88
)

$
28,118

 
The allowance for loan losses is comprised of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company’s loan portfolio, excluding PCI loans, and related allowance at March 31, 2019 and December 31, 2018 is shown in the following tables:
 
 
March 31, 2019
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
197

 
$
20

 
$
417,215

 
$
2,300

 
$
417,412

 
$
2,320

Commercial real estate
14,760

 
353

 
2,137,264

 
11,400

 
2,152,024

 
11,753

Residential real estate
15,982

 
577

 
1,310,609

 
6,868

 
1,326,591

 
7,445

Commercial and financial
4,061

 
1,329

 
708,151

 
7,244

 
712,212

 
8,573

Consumer
402

 
91

 
206,012

 
2,640

 
206,414

 
2,731

Totals
$
35,402


$
2,370


$
4,779,251


$
30,452


$
4,814,653


$
32,822

 
December 31, 2018
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
 Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
211

 
$
22

 
$
443,206

 
$
2,211

 
$
443,417

 
$
2,233

Commercial real estate
13,638

 
369

 
2,107,600

 
10,743

 
2,121,238

 
11,112

Residential real estate
19,047

 
805

 
1,302,612

 
6,970

 
1,321,659

 
7,775

Commercial and financial
3,322

 
1,498

 
718,263

 
7,087

 
721,585

 
8,585

Consumer
482

 
34

 
202,399

 
2,684

 
202,881

 
2,718

Totals
$
36,700


$
2,728


$
4,774,080


$
29,695


$
4,810,780


$
32,423


 
Loans collectively evaluated for impairment reported at March 31, 2019 included acquired loans that are not PCI loans. At March 31, 2019, the remaining fair value adjustments for loans acquired was approximately $43.8 million, or approximately 3.8% of the outstanding aggregate PUL balances. At December 31, 2018, the remaining fair value adjustments for loans acquired was approximately $47.0 million, or 3.9% of the outstanding aggregate PUL balances. These amounts are accreted into interest income over the remaining lives of the related loans on a level yield basis.
 
The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at March 31, 2019 and December 31, 2018:
 
 
March 31, 2019
 
December 31, 2018
 
PCI Loans Individually Evaluated for Impairment
(In thousands)
Recorded Investment
 
Associated Allowance
 
Recorded Investment
 
Associated Allowance
Construction & land development
$
153

 
$
—

 
$
151

 
$
—

Commercial real estate
10,393

 
—

 
10,828

 
—

Residential real estate
2,575

 
—

 
2,718

 
—

Commercial and financial
667

 
—

 
737

 
—

Consumer
—

 
—

 
—

 
—

Totals
$
13,788


$
—


$
14,434


$
—