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Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
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, 2019
(In thousands)
Portfolio Loans
 
PCI Loans
 
PULs
 
Total
Construction and land development
$
300,182

 
$
155

 
$
79,654

 
$
379,991

Commercial real estate
1,552,024

 
10,324

 
627,937

 
2,190,285

Residential real estate
1,153,951

 
2,468

 
243,765

 
1,400,184

Commercial and financial
605,237

 
634

 
95,876

 
701,747

Consumer
205,964

 
—

 
9,968

 
215,932

   Totals1
$
3,817,358

 
$
13,581

 
$
1,057,200

 
$
4,888,139

 
 
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 June 30, 2019 and December 31, 2018 include deferred costs of $18.2 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:
 
 
June 30, 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
$
295,828

 
$
—

 
$
4,328

 
$
—

 
$
26

 
$
300,182

Commercial real estate
1,543,584

 
1,098

 
1,423

 
—

 
5,919

 
1,552,024

Residential real estate
1,143,397

 
2,686

 
121

 
—

 
7,747

 
1,153,951

Commercial and financial
597,048

 
5,764

 
221

 
172

 
2,032

 
605,237

Consumer
205,157

 
374

 
306

 
41

 
86

 
205,964

 Total Portfolio Loans
3,785,014

 
9,922

 
6,399

 
213

 
15,810

 
3,817,358

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Unimpaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
78,693

 
387

 
—

 
—

 
574

 
79,654

Commercial real estate
625,472

 
166

 
326

 
—

 
1,973

 
627,937

Residential real estate
242,698

 
—

 
131

 
—

 
936

 
243,765

Commercial and financial
95,311

 
—

 
—

 
—

 
565

 
95,876

Consumer
9,938

 
—

 
—

 
—

 
30

 
9,968

 Total PULs
1,052,112

 
553

 
457

 
—

 
4,078

 
1,057,200

 
 
 
 
 
 
 
 
 
 
 
 
Purchased Credit Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
141

 
—

 
—

 
—

 
14

 
155

Commercial real estate
9,353

 
—

 
—

 
—

 
971

 
10,324

Residential real estate
562

 
—

 
—

 
—

 
1,906

 
2,468

Commercial and financial
617

 
—

 
—

 
—

 
17

 
634

Consumer
—

 
—

 
—

 
—

 
—

 
—

 Total PCI Loans
10,673

 
—

 
—

 
—

 
2,908

 
13,581

 
 
 
 
 
 
 
 
 
 
 
 
   Total Loans
$
4,847,799

 
$
10,475

 
$
6,856

 
$
213

 
$
22,796

 
$
4,888,139

 
 
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 The following tables present the risk category of loans by class based on the most recent analysis performed as of:
 
 
June 30, 2019
(In thousands)
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
Construction and land development
$
372,287

 
$
2,534

 
$
5,170

 
$
—

 
$
379,991

Commercial real estate
2,123,840

 
39,942

 
26,503

 
—

 
2,190,285

Residential real estate
1,375,087

 
5,148

 
19,949

 
—

 
1,400,184

Commercial and financial
684,628

 
10,806

 
6,019

 
294

 
701,747

Consumer
212,444

 
2,421

 
1,067

 
—

 
215,932

   Totals
$
4,768,286

 
$
60,851

 
$
58,708

 
$
294

 
$
4,888,139

 
 
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 June 30,
 
Six Months Ended June 30,
(In thousands)
2019
 
2018
 
2019
 
2018
Beginning balance
$
2,608

 
$
3,552

 
$
2,924

 
$
3,699

Additions
—

 
—

 
—

 
—

Deletions
—

 
—

 
—

 
(43
)
Accretion
(273
)
 
(262
)
 
(1,049
)
 
(705
)
Reclassification from non-accretable difference
9

 
(101
)
 
469

 
238

Ending balance
$
2,344

 
$
3,189

 
$
2,344

 
$
3,189
Schedule of Impaired Financing Receivables, Excluding PCI Loans and Valuation Allowances As of June 30, 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:
 
 
June 30, 2019
(In thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Valuation
Allowance
Impaired Loans with No Related Allowance Recorded:
 

 
 

 
 

Construction and land development
$
588

 
$
791

 
$
—

Commercial real estate
5,651

 
6,965

 
—

Residential real estate
9,939

 
14,462

 
—

Commercial and financial
1,679

 
1,938

 
—

Consumer
147

 
160

 
—

Impaired Loans with an Allowance Recorded:
 
 
 
 
 
Construction and land development
169

 
184

 
19

Commercial real estate
9,591

 
12,758

 
338

Residential real estate
5,336

 
5,478

 
543

Commercial and financial
1,294

 
1,444

 
1,179

Consumer
294

 
308

 
119

Total Impaired Loans
 
 
 
 
 
Construction and land development
757

 
975

 
19

Commercial real estate
15,242

 
19,723

 
338

Residential real estate
15,275

 
19,940

 
543

Commercial and financial
2,973

 
3,382

 
1,179

Consumer
441

 
468

 
119

       Totals
$
34,688

 
$
44,488

 
$
2,198

 
 
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