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Allowance for Loan Losses
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Allowance for Loan Losses Allowance for Loan Losses
 
Activity in the allowance for loan losses for the three and six month periods ended June 30, 2019 and 2018 is summarized as follows:
 
 
Three Months Ended June 30, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,320

 
$
(79
)
 
$
(1
)
 
$
3

 
$
—

 
$
2,243

Commercial real estate
11,753

 
(433
)
 
—

 
565

 
(15
)
 
11,870

Residential real estate
7,445

 
51

 
(28
)
 
51

 
(11
)
 
7,508

Commercial and financial
8,573

 
2,114

 
(1,881
)
 
106

 
—

 
8,912

Consumer
2,731

 
898

 
(734
)
 
78

 
(1
)
 
2,972

Totals
$
32,822


$
2,551


$
(2,644
)

$
803


$
(27
)

$
33,505


 
Three Months Ended June 30, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,058

 
$
224

 
$
—

 
$
5

 
$
—

 
$
2,287

Commercial real estate
8,842

 
210

 
(14
)
 
103

 
(15
)
 
9,126

Residential real estate
8,047

 
414

 
(27
)
 
433

 
(17
)
 
8,850

Commercial and financial
7,393

 
1,630

 
(1,945
)
 
24

 
—

 
7,102

Consumer
1,778

 
51

 
(328
)
 
59

 
(1
)
 
1,559

Totals
$
28,118


$
2,529


$
(2,314
)

$
624


$
(33
)

$
28,924

 
 
Six Months Ended June 30, 2019
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,233

 
$
4

 
$
—

 
$
7

 
$
(1
)
 
$
2,243

Commercial real estate
11,112

 
192

 
(16
)
 
612

 
(30
)
 
11,870

Residential real estate
7,775

 
(363
)
 
(65
)
 
190

 
(29
)
 
7,508

Commercial and financial
8,585

 
2,967

 
(2,825
)
 
185

 
—

 
8,912

Consumer
2,718

 
1,148

 
(1,217
)
 
325

 
(2
)
 
2,972

Totals
$
32,423

 
$
3,948

 
$
(4,123
)
 
$
1,319

 
$
(62
)
 
$
33,505


 
Six Months Ended June 30, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
1,642

 
$
635

 
$
—

 
$
10

 
$
—

 
$
2,287

Commercial real estate
9,285

 
(365
)
 
(14
)
 
250

 
(30
)
 
9,126

Residential real estate
7,131

 
1,201

 
(27
)
 
634

 
(89
)
 
8,850

Commercial and financial
7,297

 
1,900

 
(2,143
)
 
48

 
—

 
7,102

Consumer
1,767

 
243

 
(635
)
 
186

 
(2
)
 
1,559

Totals
$
27,122

 
$
3,614

 
$
(2,819
)
 
$
1,128

 
$
(121
)
 
$
28,924







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 June 30, 2019 and December 31, 2018 is shown in the following tables:
 
 
June 30, 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
$
757

 
$
19

 
$
379,079

 
$
2,224

 
$
379,836

 
$
2,243

Commercial real estate
15,242

 
338

 
2,164,719

 
11,532

 
2,179,961

 
11,870

Residential real estate
15,275

 
543

 
1,382,441

 
6,965

 
1,397,716

 
7,508

Commercial and financial
2,973

 
1,179

 
698,140

 
7,733

 
701,113

 
8,912

Consumer
441

 
119

 
215,491

 
2,853

 
215,932

 
2,972

Totals
$
34,688


$
2,198


$
4,839,870


$
31,307


$
4,874,558


$
33,505

 
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 June 30, 2019 included acquired loans that are not PCI loans. At June 30, 2019, the remaining fair value adjustments for PUL loans was approximately $39.9 million, or approximately 3.8% of the outstanding aggregate PUL balances. At December 31, 2018, the remaining fair value adjustments for PUL loans 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 June 30, 2019 and December 31, 2018:
 
 
June 30, 2019
 
December 31, 2018
 
PCI Loans Individually Evaluated for Impairment
(In thousands)
Recorded Investment
 
Associated Allowance
 
Recorded Investment
 
Associated Allowance
Construction & land development
$
155

 
$
—

 
$
151

 
$
—

Commercial real estate
10,324

 
—

 
10,828

 
—

Residential real estate
2,468

 
—

 
2,718

 
—

Commercial and financial
634

 
—

 
737

 
—

Consumer
—

 
—

 
—

 
—

Totals
$
13,581


$
—


$
14,434


$
—