Loans (Tables)

3 Months Ended

Mar. 31, 2019

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:



	March 31, 2019
(In thousands)	Portfolio Loans		PCI Loans		PULs		Total
Construction and land development	$	308,846	$	153	$	108,566	$	417,565
Commercial real estate	1,478,955		10,393		673,069		2,162,417
Residential real estate	1,077,523		2,575		249,068		1,329,166
Commercial and financial	606,179		667		106,033		712,879
Consumer	195,719		—		10,695		206,414
Totals¹	$	3,667,222	$	13,788	$	1,147,431	$	4,828,441



	December 31, 2018
(In thousands)	Portfolio Loans		PCI Loans		PULs		Total
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
Totals¹	$	3,588,251	$	14,434	$	1,222,529	$	4,825,214

¹Net loan balances as of March 31, 2019 and December 31, 2018 include deferred costs of $17.8 million and $16.9 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:



	March 31, 2019
(In thousands)	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total Financing Receivables
Portfolio Loans
Construction and land development	$	308,819	$	—	$	—	$	—	$	27	$	308,846
Commercial real estate	1,471,607		1,016		709		255		5,368		1,478,955
Residential real estate	1,068,869		612		65		—		7,977		1,077,523
Commercial and financial	599,068		3,724		1,350		81		1,956		606,179
Consumer	194,672		529		423		—		95		195,719
Total Portfolio Loans	3,643,035		5,881		2,547		336		15,423		3,667,222

Purchased Unimpaired Loans
Construction and land development	108,566		—		—		—		—		108,566
Commercial real estate	671,195		536		—		—		1,338		673,069
Residential real estate	246,583		1,288		—		428		769		249,068
Commercial and financial	104,229		—		—		—		1,804		106,033
Consumer	10,664		—		—		—		31		10,695
Total PULs	1,141,237		1,824		—		428		3,942		1,147,431

Purchased Credit Impaired Loans
Construction and land development	138		—		—		—		15		153
Commercial real estate	9,395		—		—		—		998		10,393
Residential real estate	558		—		—		—		2,017		2,575
Commercial and financial	649		—		—		—		18		667
Consumer	—		—		—		—		—		—
Total PCI Loans	10,740		—		—		—		3,048		13,788

Total Loans	$	4,795,012	$	7,705	$	2,547	$	764	$	22,413	$	4,828,441



	December 31, 2018
(In thousands)	Current		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing Greater Than 90 Days		Nonaccrual		Total Financing 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

Purchased Unimpaired Loans
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

Purchased Credit Impaired 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

Schedule of Risk Categories of Loans by Class of Loans

Risk ratings on commercial lending facilities are re-evaluated during the annual review process at a minimum, based on the size of the aggregate exposure, and/or when there is a credit action of the existing credit exposure. The following tables present the risk category of loans by class based on the most recent analysis performed as of:



	March 31, 2019
(In thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Construction and land development	$	406,010	$	11,262	$	293	$	—	$	417,565
Commercial real estate	2,080,415		57,732		24,270		—		2,162,417
Residential real estate	1,304,847		3,953		20,366		—		1,329,166
Commercial and financial	696,837		9,013		7,029		—		712,879
Consumer	202,187		3,150		1,077		—		206,414
Totals	$	4,690,296	$	85,110	$	53,035	$	—	$	4,828,441



	December 31, 2018
(In thousands)	Pass		Special Mention		Substandard		Doubtful		Total
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
Totals	$	4,694,297	$	67,296	$	63,596	$	25	$	4,825,214

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 March 31,
(In thousands)	2019			2018
Beginning balance	$	2,924		$	3,699
Additions	—			—
Deletions	—			(43		)
Accretion	(776		)	(443		)
Reclassification from non-accretable difference	460			339
Ending balance	$	2,608		$	3,552

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

As of March 31, 2019 and December 31, 2018, the Company’s recorded investment in impaired loans, excluding PCI loans, the unpaid principal balance and related valuation allowance was as follows:



	March 31, 2019
(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
Impaired Loans with No Related Allowance Recorded:
Construction and land development	$	15	$	221	$	—
Commercial real estate	5,136		6,406		—
Residential real estate	10,294		14,873		—
Commercial and financial	2,036		3,103		—
Consumer	146		158		—
Impaired Loans with an Allowance Recorded:
Construction and land development	183		197		20
Commercial real estate	9,624		12,791		353
Residential real estate	5,688		5,820		577
Commercial and financial	2,024		2,020		1,329
Consumer	256		268		91
Total Impaired Loans
Construction and land development	198		418		20
Commercial real estate	14,760		19,197		353
Residential real estate	15,982		20,693		577
Commercial and financial	4,060		5,123		1,329
Consumer	402		426		91
Totals	$	35,402	$	45,857	$	2,370



	December 31, 2018
(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Valuation 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
Totals	$	36,700	$	46,545	$	2,728