XML 49 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Allowance for Loan Losses (Tables)
9 Months Ended
Sep. 30, 2013
Loans and Allowance for Loan Losses  
Schedule of changes in allowance for loan losses

 

 

 

Non-acquired

 

 

 

 

 

(Dollars in thousands)

 

Loans

 

Acquired Loans

 

Total

 

Three months ended September 30, 2013:

 

 

 

 

 

 

 

Balance at beginning of period

 

$

38,625

 

$

31,597

 

$

70,222

 

Loans charged-off

 

(4,293

)

 

(4,293

)

Recoveries of loans previously charged off

 

1,248

 

 

1,248

 

Net charge-offs

 

(3,045

)

 

(3,045

)

Provision for loan losses

 

565

 

(456

)

109

 

Benefit attributable to FDIC loss share agreements

 

 

550

 

550

 

Total provision for loan losses charged to operations

 

565

 

94

 

659

 

Provision for loan losses recorded through the FDIC loss share receivable

 

 

(550

)

(550

)

Balance at end of period

 

$

36,145

 

$

31,141

 

$

67,286

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2012:

 

 

 

 

 

 

 

Balance at beginning of period

 

$

47,269

 

$

35,813

 

$

83,082

 

Loans charged-off

 

(5,940

)

 

(5,940

)

Recoveries of loans previously charged off

 

610

 

 

610

 

Net charge-offs

 

(5,330

)

 

(5,330

)

Provision for loan losses

 

4,500

 

(4,675

)

(175

)

Benefit attributable to FDIC loss share agreements

 

 

4,219

 

4,219

 

Total provision for loan losses charged to operations

 

4,500

 

(456

)

4,044

 

Provision for loan losses recorded through the FDIC loss share receivable

 

 

(4,219

)

(4,219

)

Balance at end of period

 

$

46,439

 

$

31,138

 

$

77,577

 

 

 

 

Non-acquired

 

 

 

 

 

(Dollars in thousands)

 

Loans

 

Acquired Loans

 

Total

 

Nine months ended September 30, 2013:

 

 

 

 

 

 

 

Balance at beginning of period

 

$

44,378

 

$

32,132

 

$

76,510

 

Loans charged-off

 

(12,121

)

 

(12,121

)

Recoveries of loans previously charged off

 

2,870

 

 

2,870

 

Net charge-offs

 

(9,251

)

 

(9,251

)

Provision for loan losses

 

1,018

 

(991

)

27

 

Benefit attributable to FDIC loss share agreements

 

 

1,871

 

1,871

 

Total provision for loan losses charged to operations

 

1,018

 

880

 

1,898

 

Provision for loan losses recorded through the FDIC loss share receivable

 

 

(1,871

)

(1,871

)

Balance at end of period

 

$

36,145

 

$

31,141

 

$

67,286

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2012:

 

 

 

 

 

 

 

Balance at beginning of period

 

$

49,367

 

$

31,620

 

$

80,987

 

Loans charged-off

 

(17,193

)

 

(17,193

)

Recoveries of loans previously charged off

 

3,075

 

 

3,075

 

Net charge-offs

 

(14,118

)

 

(14,118

)

Provision for loan losses

 

11,190

 

(482

)

10,708

 

Benefit attributable to FDIC loss share agreements

 

 

700

 

700

 

Total provision for loan losses charged to operations

 

11,190

 

218

 

11,408

 

Provision for loan losses recorded through the FDIC loss share receivable

 

 

(700

)

(700

)

Balance at end of period

 

$

46,439

 

$

31,138

 

$

77,577

 

 

Non-acquired loans
 
Loans and Allowance for Loan Losses  
Summary of acquired loans

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

Non-acquired loans:

 

 

 

 

 

 

 

Commercial non-owner occupied real estate:

 

 

 

 

 

 

 

Construction and land development

 

$

288,199

 

$

273,420

 

$

273,606

 

Commercial non-owner occupied

 

282,678

 

290,071

 

278,935

 

Total commercial non-owner occupied real estate

 

570,877

 

563,491

 

552,541

 

Consumer real estate:

 

 

 

 

 

 

 

Consumer owner occupied

 

498,734

 

434,503

 

430,825

 

Home equity loans

 

255,291

 

255,284

 

255,677

 

Total consumer real estate

 

754,025

 

689,787

 

686,502

 

Commercial owner occupied real estate

 

814,259

 

784,152

 

787,623

 

Commercial and industrial

 

301,845

 

279,763

 

245,285

 

Other income producing property

 

140,024

 

133,713

 

131,832

 

Consumer

 

116,312

 

86,934

 

86,729

 

Other loans

 

43,900

 

33,163

 

26,840

 

Total non-acquired loans

 

2,741,242

 

2,571,003

 

2,517,352

 

Less allowance for loan losses

 

(36,145

)

(44,378

)

(46,439

)

Non-acquired loans, net

 

$

2,705,097

 

$

2,526,625

 

$

2,470,913

 

 

Schedule of changes in allowance for loan losses

 

 

 

Construction

 

Commercial

 

Commercial

 

Consumer

 

 

 

 

 

Other Income

 

 

 

 

 

 

 

 

 

& Land

 

Non-owner

 

Owner

 

Owner

 

Home

 

Commercial

 

Producing

 

 

 

Other

 

 

 

(Dollars in thousands)

 

Development

 

Occupied

 

Occupied

 

Occupied

 

Equity

 

& Industrial

 

Property

 

Consumer

 

Loans

 

Total

 

Three months ended September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2013

 

$

8,431

 

$

4,866

 

$

7,984

 

$

6,438

 

$

2,974

 

$

4,039

 

$

3,260

 

$

426

 

$

207

 

$

38,625

 

Charge-offs

 

(1,244

)

(652

)

(219

)

(888

)

(206

)

(154

)

(179

)

(751

)

 

(4,293

)

Recoveries

 

650

 

18

 

1

 

104

 

75

 

187

 

12

 

201

 

 

1,248

 

Provision

 

(108

)

(462

)

(53

)

448

 

91

 

(301

)

(58

)

955

 

53

 

565

 

Balance, September 30, 2013

 

$

7,729

 

$

3,770

 

$

7,713

 

$

6,102

 

$

2,934

 

$

3,771

 

$

3,035

 

$

831

 

$

260

 

$

36,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

558

 

$

 

$

19

 

$

21

 

$

 

$

 

$

703

 

$

 

$

 

$

1,301

 

Loans collectively evaluated for impairment

 

$

7,171

 

$

3,770

 

$

7,694

 

$

6,081

 

$

2,934

 

$

3,771

 

$

2,332

 

$

831

 

$

260

 

$

34,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

8,201

 

$

2,804

 

$

14,683

 

$

575

 

$

 

$

707

 

$

2,614

 

$

 

$

 

$

29,584

 

Loans collectively evaluated for impairment

 

279,998

 

279,874

 

799,576

 

498,159

 

255,291

 

301,138

 

137,410

 

116,312

 

43,900

 

2,711,658

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-acquired loans

 

$

288,199

 

$

282,678

 

$

814,259

 

$

498,734

 

$

255,291

 

$

301,845

 

$

140,024

 

$

116,312

 

$

43,900

 

$

2,741,242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2012

 

$

12,267

 

$

5,432

 

$

9,476

 

$

7,617

 

$

3,992

 

$

3,765

 

$

3,410

 

$

1,064

 

$

246

 

$

47,269

 

Charge-offs

 

(3,441

)

(504

)

(334

)

(545

)

(203

)

(270

)

(84

)

(523

)

(36

)

(5,940

)

Recoveries

 

187

 

126

 

 

24

 

54

 

19

 

52

 

148

 

 

610

 

Provision

 

2,480

 

556

 

393

 

681

 

 

260

 

23

 

105

 

2

 

4,500

 

Balance, September 30, 2012

 

$

11,493

 

$

5,610

 

$

9,535

 

$

7,777

 

$

3,843

 

$

3,774

 

$

3,401

 

$

794

 

$

212

 

$

46,439

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

1,151

 

$

676

 

$

402

 

$

218

 

$

 

$

 

$

125

 

$

 

$

 

$

2,572

 

Loans collectively evaluated for impairment

 

$

10,340

 

$

4,935

 

$

9,134

 

$

7,559

 

$

3,843

 

$

3,774

 

$

3,276

 

$

794

 

$

212

 

$

43,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

12,680

 

$

7,121

 

$

18,377

 

$

2,613

 

$

 

$

474

 

$

2,778

 

$

 

$

 

$

44,043

 

Loans collectively evaluated for impairment

 

260,926

 

271,814

 

769,246

 

428,212

 

255,677

 

244,811

 

129,054

 

86,729

 

26,840

 

2,473,309

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-acquired loans

 

$

273,606

 

$

278,935

 

$

787,623

 

$

430,825

 

$

255,677

 

$

245,285

 

$

131,832

 

$

86,729

 

$

26,840

 

$

2,517,352

 

 

 

 

 

Construction

 

Commercial

 

Commercial

 

Consumer

 

 

 

 

 

Other Income

 

 

 

 

 

 

 

 

 

& Land

 

Non-owner

 

Owner

 

Owner

 

Home

 

Commercial

 

Producing

 

 

 

Other

 

 

 

(Dollars in thousands)

 

Development

 

Occupied

 

Occupied

 

Occupied

 

Equity

 

& Industrial

 

Property

 

Consumer

 

Loans

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2012

 

$

10,836

 

$

4,921

 

$

8,743

 

$

6,568

 

$

3,626

 

$

4,939

 

$

3,747

 

$

781

 

$

217

 

$

44,378

 

Charge-offs

 

(4,457

)

(652

)

(1,622

)

(1,276

)

(868

)

(781

)

(652

)

(1,813

)

 

(12,121

)

Recoveries

 

1,043

 

345

 

16

 

234

 

174

 

324

 

123

 

611

 

 

2,870

 

Provision

 

307

 

(844

)

576

 

576

 

2

 

(711

)

(183

)

1,252

 

43

 

1,018

 

Balance, September 30, 2013

 

$

7,729

 

$

3,770

 

$

7,713

 

$

6,102

 

$

2,934

 

$

3,771

 

$

3,035

 

$

831

 

$

260

 

$

36,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2011

 

$

12,373

 

$

6,109

 

$

10,356

 

$

7,453

 

$

4,269

 

$

3,901

 

$

3,636

 

$

1,145

 

$

125

 

$

49,367

 

Charge-offs

 

(7,073

)

(1,877

)

(2,009

)

(1,850

)

(1,251

)

(705

)

(824

)

(1,454

)

(150

)

(17,193

)

Recoveries

 

1,213

 

222

 

2

 

44

 

460

 

201

 

347

 

575

 

11

 

3,075

 

Provision

 

4,980

 

1,156

 

1,186

 

2,130

 

365

 

377

 

242

 

528

 

226

 

11,190

 

Balance, September 30, 2012

 

$

11,493

 

$

5,610

 

$

9,535

 

$

7,777

 

$

3,843

 

$

3,774

 

$

3,401

 

$

794

 

$

212

 

$

46,439

 

 

Schedule of credit risk profile by risk grade of loans

 

 

 

Total Non-acquired Loans

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

Pass

 

$

2,513,093

 

$

2,293,728

 

$

2,237,803

 

Special mention

 

133,225

 

153,142

 

144,455

 

Substandard

 

94,870

 

124,108

 

134,991

 

Doubtful

 

54

 

25

 

103

 

 

 

$

2,741,242

 

$

2,571,003

 

$

2,517,352

 

 

Aging analysis of past due loans, segregated by class of loans

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

90+ Days

 

Past

 

 

 

Total

 

(Dollars in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Due

 

Current

 

Loans

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

2,239

 

$

2,181

 

$

4,834

 

$

9,254

 

$

278,945

 

$

288,199

 

Commercial non-owner occupied

 

1,658

 

15

 

2,493

 

4,166

 

278,512

 

282,678

 

Commercial owner occupied

 

1,009

 

334

 

5,924

 

7,267

 

806,992

 

814,259

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

2,806

 

1,449

 

2,755

 

7,010

 

491,724

 

498,734

 

Home equity loans

 

767

 

168

 

503

 

1,438

 

253,853

 

255,291

 

Commercial and industrial

 

139

 

103

 

672

 

914

 

300,931

 

301,845

 

Other income producing property

 

818

 

218

 

2,395

 

3,431

 

136,593

 

140,024

 

Consumer

 

300

 

201

 

61

 

562

 

115,750

 

116,312

 

Other loans

 

53

 

24

 

32

 

109

 

43,791

 

43,900

 

 

 

$

9,789

 

$

4,693

 

$

19,669

 

$

34,151

 

$

2,707,091

 

$

2,741,242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

812

 

$

701

 

$

10,435

 

$

11,948

 

$

261,472

 

$

273,420

 

Commercial non-owner occupied

 

1,013

 

572

 

3,605

 

5,190

 

284,881

 

290,071

 

Commercial owner occupied

 

1,141

 

40

 

9,827

 

11,008

 

773,144

 

784,152

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

1,433

 

241

 

4,045

 

5,719

 

428,784

 

434,503

 

Home equity loans

 

735

 

170

 

395

 

1,300

 

253,984

 

255,284

 

Commercial and industrial

 

1,187

 

513

 

549

 

2,249

 

277,514

 

279,763

 

Other income producing property

 

322

 

278

 

3,253

 

3,853

 

129,860

 

133,713

 

Consumer

 

364

 

151

 

112

 

627

 

86,307

 

86,934

 

Other loans

 

49

 

41

 

36

 

126

 

33,037

 

33,163

 

 

 

$

7,056

 

$

2,707

 

$

32,257

 

$

42,020

 

$

2,528,983

 

$

2,571,003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

1,751

 

$

902

 

$

10,789

 

$

13,442

 

$

260,164

 

$

273,606

 

Commercial non-owner occupied

 

343

 

1,364

 

4,253

 

5,960

 

272,975

 

278,935

 

Commercial owner occupied

 

3,195

 

2,703

 

7,137

 

13,035

 

774,588

 

787,623

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

1,731

 

501

 

5,007

 

7,239

 

423,586

 

430,825

 

Home equity loans

 

982

 

416

 

597

 

1,995

 

253,682

 

255,677

 

Commercial and industrial

 

425

 

280

 

384

 

1,089

 

244,196

 

245,285

 

Other income producing property

 

441

 

58

 

3,746

 

4,245

 

127,587

 

131,832

 

Consumer

 

722

 

161

 

56

 

939

 

85,790

 

86,729

 

Other loans

 

80

 

35

 

47

 

162

 

26,678

 

26,840

 

 

 

$

9,670

 

$

6,420

 

$

32,016

 

$

48,106

 

$

2,469,246

 

$

2,517,352

 

 

Summary of information pertaining to impaired loans

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Unpaid

 

Recorded

 

Recorded

 

 

 

 

 

 

 

Contractual

 

Investment

 

Investment

 

Total

 

 

 

 

 

Principal

 

With No

 

With

 

Recorded

 

Related

 

(Dollars in thousands)

 

Balance

 

Allowance

 

Allowance

 

Investment

 

Allowance

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

15,447

 

$

4,986

 

$

3,215

 

$

8,201

 

$

558

 

Commercial non-owner occupied

 

4,543

 

1,269

 

1,535

 

2,804

 

 

Commercial owner occupied

 

17,826

 

12,166

 

2,517

 

14,683

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

625

 

 

575

 

575

 

21

 

Home equity loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

954

 

707

 

 

707

 

 

Other income producing property

 

3,073

 

253

 

2,361

 

2,614

 

703

 

Consumer

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

Total impaired loans

 

$

42,468

 

$

19,381

 

$

10,203

 

$

29,584

 

$

1,301

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

21,350

 

$

8,659

 

$

4,890

 

$

13,549

 

$

1,573

 

Commercial non-owner occupied

 

7,564

 

3,148

 

2,196

 

5,344

 

411

 

Commercial owner occupied

 

23,566

 

15,698

 

4,514

 

20,212

 

648

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

2,040

 

 

1,954

 

1,954

 

213

 

Home equity loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

2,595

 

464

 

1,319

 

1,783

 

1,030

 

Other income producing property

 

4,656

 

1,382

 

3,011

 

4,393

 

1,004

 

Consumer

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

Total impaired loans

 

$

61,771

 

$

29,351

 

$

17,884

 

$

47,235

 

$

4,879

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

22,233

 

$

9,479

 

$

3,201

 

$

12,680

 

$

1,151

 

Commercial non-owner occupied

 

11,354

 

4,095

 

3,026

 

7,121

 

676

 

Commercial owner occupied

 

23,148

 

13,021

 

5,356

 

18,377

 

402

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

2,774

 

1,418

 

1,195

 

2,613

 

218

 

Home equity loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

550

 

474

 

 

474

 

 

Other income producing property

 

3,529

 

1,668

 

1,110

 

2,778

 

125

 

Consumer

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

Total impaired loans

 

$

63,588

 

$

30,155

 

$

13,888

 

$

44,043

 

$

2,572

 

 

Summary of average investment in impaired loans and interest income recognized on impaired loans

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

September 30, 2013

 

September 30, 2012

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Investment in

 

Interest Income

 

Investment in

 

Interest Income

 

(Dollars in thousands)

 

Impaired Loans

 

Recognized

 

Impaired Loans

 

Recognized

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

9,028

 

$

42

 

$

15,644

 

$

12

 

Commercial non-owner occupied

 

3,779

 

 

5,766

 

54

 

Commercial owner occupied

 

16,004

 

33

 

16,397

 

154

 

 

 

 

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

1,066

 

 

2,640

 

12

 

Home equity loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

1,253

 

 

477

 

1

 

Other income producing property

 

2,993

 

14

 

2,820

 

4

 

Consumer

 

 

 

 

 

Other loans

 

 

 

 

 

Total Impaired Loans

 

$

34,123

 

$

89

 

$

43,744

 

$

237

 

 

 

 

Nine Months Ended

 

Nine Months Ended

 

 

 

September 30, 2013

 

September 30, 2012

 

 

 

Average

 

 

 

Average

 

 

 

 

 

Investment in

 

Interest Income

 

Investment in

 

Interest Income

 

(Dollars in thousands)

 

Impaired Loans

 

Recognized

 

Impaired Loans

 

Recognized

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

11,151

 

$

69

 

$

18,785

 

$

63

 

Commercial non-owner occupied

 

4,325

 

1

 

8,006

 

69

 

Commercial owner occupied

 

15,791

 

94

 

16,683

 

262

 

 

 

 

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

1,093

 

7

 

2,530

 

54

 

Home equity loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

1,329

 

 

1,065

 

1

 

Other income producing property

 

3,856

 

22

 

3,451

 

21

 

Consumer

 

 

 

 

 

Other loans

 

 

 

 

 

Total Impaired Loans

 

$

37,545

 

$

193

 

$

50,520

 

$

470

 

 

Summary of information pertaining to non-acquired nonaccrual loans by class

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

Commercial non-owner occupied real estate:

 

 

 

 

 

 

 

Construction and land development

 

$

8,058

 

$

11,961

 

$

12,717

 

Commercial non-owner occupied

 

2,804

 

4,780

 

5,526

 

Total commercial non-owner occupied real estate

 

10,862

 

16,741

 

18,243

 

Consumer real estate:

 

 

 

 

 

 

 

Consumer owner occupied

 

10,579

 

8,025

 

9,929

 

Home equity loans

 

1,255

 

1,835

 

518

 

Total consumer real estate

 

11,834

 

9,860

 

10,447

 

Commercial owner occupied real estate

 

10,184

 

14,146

 

11,554

 

Commercial and industrial

 

987

 

2,152

 

1,349

 

Other income producing property

 

4,701

 

5,405

 

4,481

 

Consumer

 

63

 

83

 

221

 

Other loans

 

 

 

 

Restructured loans

 

10,837

 

13,151

 

12,882

 

Total loans on nonaccrual status

 

$

49,468

 

$

61,538

 

$

59,177

 

 

Schedule of restructured loans segregated by class and type of concession

 

 

 

Three Months Ended September 30, 2013

 

Three Months Ended September 30, 2012

 

(Dollars in thousands)

 

Number
of loans

 

Pre-Modification
Outstanding
Recorded
Investment

 

Post-Modification
Outstanding
Recorded Investment

 

Number
of loans

 

Pre-
Modification
Outstanding
Recorded
Investment

 

Post-Modification
Outstanding
Recorded
Investment

 

Interest rate modification

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

$

 

$

 

 

$

 

$

 

Commercial owner occupied

 

 

 

 

2

 

4,659

 

4,607

 

Consumer owner occupied

 

 

 

 

 

 

 

Other income producing property

 

 

 

 

 

 

 

Total interest rate modifications

 

 

$

 

$

 

2

 

$

4,659

 

$

4,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term modification

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

 

 

 

 

 

Commercial owner occupied

 

 

 

 

 

 

 

Consumer owner occupied

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

 

 

Total term modifications

 

 

$

 

$

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

2

 

$

4,659

 

$

4,607

 

 

 

 

Nine Months Ended September 30, 2013

 

Nine Months Ended September 30, 2012

 

(Dollars in thousands)

 

Number
of loans

 

Pre-Modification
Outstanding
Recorded
Investment

 

Post-
Modification
Outstanding
Recorded
Investment

 

Number
of loans

 

Pre-
Modification
Outstanding
Recorded
Investment

 

Post-
Modification
Outstanding
Recorded
Investment

 

Interest rate modification

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

$

 

$

 

1

 

$

165

 

$

159

 

Commercial non-owner occupied

 

1

 

247

 

247

 

 

 

 

Commercial owner occupied

 

1

 

750

 

750

 

3

 

5,102

 

5,047

 

Consumer owner occupied

 

1

 

124

 

122

 

 

 

 

Total interest rate modifications

 

3

 

$

1,121

 

$

1,119

 

4

 

$

5,267

 

$

5,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term modification

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

 

 

1

 

230

 

223

 

Commercial owner occupied

 

 

 

 

 

 

 

Consumer owner occupied

 

 

 

 

 

 

 

Commercial and industrial

 

1

 

696

 

134

 

 

 

 

 

 

 

Total term modifications

 

1

 

$

696

 

$

134

 

1

 

$

230

 

$

223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

$

1,817

 

$

1,253

 

5

 

$

5,497

 

$

5,429

 

 

Schedule of changes in status of loans restructured within the previous 12 months

 

 

 

Paying Under

 

 

 

 

 

 

 

 

 

 

 

Restructured Terms

 

Converted to Nonaccrual

 

Foreclosures and Defaults

 

 

 

Number

 

Recorded

 

Number

 

Recorded

 

Number

 

Recorded

 

(Dollars in thousands)

 

of Loans

 

Investment

 

of Loans

 

Investment

 

of Loans

 

Investment

 

Interest rate modification

 

5

 

$

1,799

 

 

$

 

 

$

 

Term modification

 

3

 

1,401

 

 

 

 

 

 

 

8

 

$

3,200

 

 

$

 

 

$

 

 

Non-acquired loans | Commercial loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 

Construction & Development

 

Commercial Non-owner Occupied

 

Commercial Owner Occupied

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

244,321

 

$

215,793

 

$

216,801

 

$

238,940

 

$

232,714

 

$

223,235

 

$

764,267

 

$

716,578

 

$

716,283

 

Special mention

 

24,775

 

31,670

 

29,894

 

35,052

 

38,473

 

34,470

 

23,871

 

31,800

 

29,565

 

Substandard

 

19,103

 

25,957

 

26,867

 

8,686

 

18,884

 

21,230

 

26,121

 

35,774

 

41,740

 

Doubtful

 

 

 

44

 

 

 

 

 

 

35

 

 

 

$

288,199

 

$

273,420

 

$

273,606

 

$

282,678

 

$

290,071

 

$

278,935

 

$

814,259

 

$

784,152

 

$

787,623

 

 

 

 

Commercial & Industrial

 

Other Income Producing Property

 

Commercial Total

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

 

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

288,945

 

$

265,148

 

$

230,317

 

$

121,565

 

$

114,809

 

$

114,409

 

$

1,658,038

 

$

1,545,042

 

$

1,501,045

 

Special mention

 

9,734

 

8,626

 

8,996

 

9,282

 

9,324

 

8,755

 

102,714

 

119,893

 

111,680

 

Substandard

 

3,135

 

5,989

 

5,972

 

9,177

 

9,580

 

8,668

 

66,222

 

96,184

 

104,477

 

Doubtful

 

31

 

 

 

 

 

 

31

 

 

79

 

 

 

$

301,845

 

$

279,763

 

$

245,285

 

$

140,024

 

$

133,713

 

$

131,832

 

$

1,827,005

 

$

1,761,119

 

$

1,717,281

 

 

Non-acquired loans | Consumer loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 

Consumer Owner Occupied

 

Home Equity

 

Consumer

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

454,368

 

$

388,822

 

$

383,152

 

$

241,624

 

$

241,184

 

$

241,278

 

$

115,163

 

$

85,517

 

$

85,488

 

Special mention

 

21,444

 

24,515

 

23,556

 

8,218

 

7,837

 

8,420

 

849

 

897

 

799

 

Substandard

 

22,922

 

21,166

 

24,117

 

5,426

 

6,239

 

5,955

 

300

 

519

 

442

 

Doubtful

 

 

 

 

23

 

24

 

24

 

 

1

 

 

 

 

$

498,734

 

$

434,503

 

$

430,825

 

$

255,291

 

$

255,284

 

$

255,677

 

$

116,312

 

$

86,934

 

$

86,729

 

 

 

 

Other

 

Consumer Total

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

 

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

43,900

 

$

33,163

 

$

26,840

 

$

855,055

 

$

748,686

 

$

736,758

 

Special mention

 

 

 

 

30,511

 

33,249

 

32,775

 

Substandard

 

 

 

 

28,648

 

27,924

 

30,514

 

Doubtful

 

 

 

 

23

 

25

 

24

 

 

 

$

43,900

 

$

33,163

 

$

26,840

 

$

914,237

 

$

809,884

 

$

800,071

 

 

Acquired loans
 
Loans and Allowance for Loan Losses  
Summary of acquired loans

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

FASB ASC Topic 310-20 acquired loans

 

$

1,665,333

 

$

73,215

 

$

 

FASB ASC Topic 310-30 acquired loans

 

1,347,770

 

1,001,527

 

520,991

 

Total acquired loans

 

3,013,103

 

1,074,742

 

520,991

 

Less allowance for loan losses

 

(31,141

)

(32,132

)

(31,138

)

Acquired loans, net

 

$

2,981,962

 

$

1,042,610

 

$

489,853

 

 

Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

Contractual principal and interest

 

$

1,942,403

 

$

1,303,047

 

$

742,092

 

Non-accretable difference

 

(262,313

)

(140,671

)

(113,755

)

Cash flows expected to be collected

 

1,680,090

 

1,162,376

 

628,337

 

Accretable yield

 

(332,320

)

(160,849

)

(107,346

)

Carrying value

 

$

1,347,770

 

$

1,001,527

 

$

520,991

 

Allowance for acquired loan losses

 

$

(31,141

)

$

(32,132

)

$

(31,138

)

 

Schedule of changes in the carrying value of FASB ASC Topic 310-30

 

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

Balance at beginning of period

 

$

969,395

 

$

370,581

 

Fair value of acquired loans

 

591,951

 

234,245

 

Net reductions for payments, foreclosures, and accretion

 

(243,726

)

(115,455

)

Change in the allowance for loan losses on acquired loans

 

(991

)

482

 

Balance at end of period, net of allowance for loan losses on acquired loans

 

$

1,316,629

 

$

489,853

 

 

Schedule of changes in the carrying amount of accretable yield for purchased impaired and non-impaired loans

 

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

Balance at beginning of period

 

$

160,849

 

$

94,600

 

Addition from the Peoples acquisition

 

 

34,921

 

Addition from the First Financial acquisition

 

203,194

 

 

Interest income

 

(70,697

)

(36,156

)

Reclass of nonaccretable difference due to improvement in expected cash flows

 

48,244

 

26,399

 

Other changes, net

 

(9,270

)

(12,418

)

Balance at end of period

 

$

332,320

 

$

107,346

 

 

Schedule of changes in allowance for loan losses

 

 

 

Commercial

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans Greater

 

 

 

Real Estate-

 

 

 

 

 

 

 

 

 

 

 

 

 

Than or Equal

 

Commercial

 

Construction and

 

Residential

 

 

 

Commercial

 

 

 

 

 

(Dollars in thousands)

 

to $1 Million-CBT

 

Real Estate

 

Development

 

Real Estate

 

Consumer

 

and Industrial

 

Single Pay

 

Total

 

Three months ended September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2013

 

$

13,428

 

$

821

 

$

4,392

 

$

5,150

 

$

474

 

$

2,953

 

$

4,379

 

$

31,597

 

Charge-offs

 

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

 

Provision for loan losses before benefit attributable to FDIC loss share agreements

 

(1,283

)

330

 

(39

)

488

 

(2

)

(55

)

105

 

(456

)

Benefit attributable to FDIC loss share agreements

 

1,220

 

(264

)

31

 

(392

)

1

 

53

 

(99

)

550

 

Total provision for loan losses charged to operations

 

(63

)

66

 

(8

)

96

 

(1

)

(2

)

6

 

94

 

Provision for loan losses recorded through the FDIC loss share receivable

 

(1,220

)

264

 

(31

)

392

 

(1

)

(53

)

99

 

(550

)

Balance, September 30, 2013

 

$

12,145

 

$

1,151

 

$

4,353

 

$

5,638

 

$

472

 

$

2,898

 

$

4,484

 

$

31,141

 

Loans individually evaluated for impairment

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Loans collectively evaluated for impairment

 

$

12,145

 

$

1,151

 

$

4,353

 

$

5,638

 

$

472

 

$

2,898

 

$

4,484

 

$

31,141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Loans collectively evaluated for impairment

 

37,894

 

477,968

 

132,176

 

505,127

 

108,420

 

81,734

 

4,451

 

1,347,770

 

Total acquired loans

 

$

37,894

 

$

477,968

 

$

132,176

 

$

505,127

 

$

108,420

 

$

81,734

 

$

4,451

 

$

1,347,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2012

 

$

16,871

 

$

1,812

 

$

3,238

 

$

4,415

 

$

73

 

$

4,749

 

$

4,655

 

$

35,813

 

Charge-offs

 

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

 

Provision for loan losses before benefit attributable to FDIC loss share agreements

 

(1,059

)

(1,365

)

(1,744

)

41

 

16

 

(478

)

(86

)

(4,675

)

Benefit attributable to FDIC loss share agreements

 

1,006

 

1,296

 

1,415

 

(39

)

(14

)

473

 

82

 

4,219

 

Total provision for loan losses charged to operations

 

(53

)

(69

)

(329

)

2

 

2

 

(5

)

(4

)

(456

)

Provision for loan losses recorded through the FDIC loss share receivable

 

(1,006

)

(1,296

)

(1,415

)

39

 

14

 

(473

)

(82

)

(4,219

)

Balance, September 30, 2012

 

$

15,812

 

$

447

 

$

1,494

 

$

4,456

 

$

89

 

$

4,271

 

$

4,569

 

$

31,138

 

Loans individually evaluated for impairment

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Loans collectively evaluated for impairment

 

$

15,812

 

$

447

 

$

1,494

 

$

4,456

 

$

89

 

$

4,271

 

$

4,569

 

$

31,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Loans collectively evaluated for impairment

 

53,301

 

151,444

 

58,317

 

205,441

 

10,125

 

37,499

 

4,864

 

520,991

 

Total acquired loans

 

$

53,301

 

$

151,444

 

$

58,317

 

$

205,441

 

$

10,125

 

$

37,499

 

$

4,864

 

$

520,991

 

 

 

*—The carrying value of FASB ASC Topic 310-30 acquired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans.

 

 

 

 

Commercial

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans Greater

 

 

 

Real Estate-

 

 

 

 

 

 

 

 

 

 

 

 

 

Than or Equal

 

Commercial

 

Construction and

 

Residential

 

 

 

Commercial

 

 

 

 

 

(Dollars in thousands)

 

to $1 Million-CBT

 

Real Estate

 

Development

 

Real Estate

 

Consumer

 

and Industrial

 

Single Pay

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December  31, 2012

 

$

15,408

 

$

1,517

 

$

1,628

 

$

4,616

 

$

96

 

$

4,305

 

$

4,562

 

$

32,132

 

Charge-offs

 

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

 

Provision for loan losses before benefit attributable to FDIC loss share agreements

 

(3,263

)

(366

)

2,725

 

1,019

 

379

 

(1,407

)

(78

)

(991

)

Benefit attributable to FDIC loss share agreements

 

3,100

 

240

 

(2,067

)

(494

)

(320

)

1,337

 

75

 

1,871

 

Total provision for loan losses charged to operations

 

(163

)

(126

)

658

 

525

 

59

 

(70

)

(3

)

880

 

Provision for loan losses recorded through the FDIC loss share receivable

 

(3,100

)

(240

)

2,067

 

494

 

320

 

(1,337

)

(75

)

(1,871

)

Balance, September 30, 2013

 

$

12,145

 

$

1,151

 

$

4,353

 

$

5,635

 

$

475

 

$

2,898

 

$

4,484

 

$

31,141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December  31, 2011

 

$

16,706

 

$

1,318

 

$

 

$

5,471

 

$

 

$

4,564

 

$

3,561

 

$

31,620

 

Charge-offs

 

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

 

Provision for loan losses before benefit attributable to FDIC loss share agreements

 

(894

)

(871

)

1,494

 

(1,015

)

89

 

(293

)

1,008

 

(482

)

Benefit attributable to FDIC loss share agreements

 

814

 

819

 

(1,268

)

1,091

 

(71

)

271

 

(956

)

700

 

Total provision for loan losses charged to operations

 

(80

)

(52

)

226

 

76

 

18

 

(22

)

52

 

218

 

Provision for loan losses recorded through the FDIC loss share receivable

 

(814

)

(819

)

1,268

 

(1,091

)

71

 

(271

)

956

 

(700

)

Balance, September 30, 2012

 

$

15,812

 

$

447

 

$

1,494

 

$

4,456

 

$

89

 

$

4,271

 

$

4,569

 

$

31,138

 

 

Acquired loans | First Financial
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date

 

 

 

July 26, 2013

 

 

 

 

 

Loans

 

 

 

 

 

Loans Impaired

 

Not Impaired

 

 

 

(Dollars in thousands)

 

at Acquisition

 

at Acquisition

 

Total

 

Contractual principal and interest

 

$

713,236

 

$

238,760

 

$

951,996

 

Non-accretable difference

 

(131,320

)

(25,532

)

(156,852

)

Cash flows expected to be collected

 

581,916

 

213,228

 

795,144

 

Accretable yield

 

(159,546

)

(43,647

)

(203,193

)

Carrying value

 

$

422,370

 

$

169,581

 

$

591,951

 

 

Acquired loans | Savannah Bancorp ("SAVB")
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date

 

 

 

December 13, 2012

 

 

 

FASB ASC Topic 310-30 Loans

 

 

 

 

 

 

 

Loans

 

 

 

 

 

Loans Impaired

 

Not Impaired

 

 

 

(Dollars in thousands)

 

at Acquisition

 

at Acquisition

 

Total

 

Contractual principal and interest

 

$

155,582

 

$

483,293

 

$

638,875

 

Non-accretable difference

 

(37,492

)

(9,460

)

(46,952

)

Cash flows expected to be collected

 

118,090

 

473,833

 

591,923

 

Accretable yield

 

(8,615

)

(51,466

)

(60,081

)

Carrying value

 

$

109,475

 

$

422,367

 

$

531,842

 

 

Acquired loans | Peoples
 
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date

 

 

 

April 24, 2012

 

 

 

FASB ASC Topic 310-30 Loans

 

 

 

 

 

 

 

Loans

 

 

 

 

 

Loans Impaired

 

Not Impaired

 

 

 

(Dollars in thousands)

 

at Acquisition

 

at Acquisition

 

Total

 

Contractual principal and interest

 

$

56,940

 

$

250,023

 

$

306,963

 

Non-accretable difference

 

(21,237

)

(16,560

)

(37,797

)

Cash flows expected to be collected

 

35,703

 

233,463

 

269,166

 

Accretable yield

 

(4,968

)

(29,953

)

(34,921

)

Carrying value

 

$

30,735

 

$

203,510

 

$

234,245

 

 

Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered)
 
Loans and Allowance for Loan Losses  
Summary of acquired loans

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

FASB ASC Topic 310-20 acquired loans:

 

 

 

 

 

 

 

Commercial non-owner occupied real estate:

 

 

 

 

 

 

 

Construction and land development

 

$

55,259

 

$

839

 

$

 

Commercial non-owner occupied

 

65,181

 

2,877

 

 

Total commercial non-owner occupied real estate

 

120,440

 

3,716

 

 

Consumer real estate:

 

 

 

 

 

 

 

Consumer owner occupied

 

769,086

 

 

 

Home equity loans

 

274,893

 

36,139

 

 

Total consumer real estate

 

1,043,979

 

36,139

 

 

Commercial owner occupied real estate

 

83,133

 

12,141

 

 

Commercial and industrial

 

64,069

 

17,531

 

 

Other income producing property

 

78,344

 

3,688

 

 

Consumer

 

275,368

 

 

 

Total FASB ASC Topic 310-20 acquired loans

 

$

1,665,333

 

$

73,215

 

$

 

 

Aging analysis of past due loans, segregated by class of loans

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

90+ Days

 

Past

 

 

 

Total

 

(Dollars in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Due

 

Current

 

Loans

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

 

$

78

 

$

409

 

$

487

 

$

54,772

 

$

55,259

 

Commercial non-owner occupied

 

17

 

 

 

17

 

65,164

 

65,181

 

Commercial owner occupied

 

1,250

 

 

62

 

1,312

 

81,821

 

83,133

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

26

 

714

 

 

740

 

768,346

 

769,086

 

Home equity loans

 

1,262

 

483

 

309

 

2,054

 

272,839

 

274,893

 

Commercial and industrial

 

381

 

 

147

 

528

 

63,541

 

64,069

 

Other income producing property

 

414

 

 

 

414

 

77,930

 

78,344

 

Consumer

 

231

 

92

 

78

 

401

 

274,967

 

275,368

 

 

 

$

3,581

 

$

1,367

 

$

1,005

 

$

5,953

 

$

1,659,380

 

$

1,665,333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

 

$

 

$

43

 

$

43

 

$

796

 

$

839

 

Commercial non-owner occupied

 

 

 

 

 

2,877

 

2,877

 

Commercial owner occupied

 

 

 

 

 

12,141

 

12,141

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

 

 

 

 

 

 

Home equity loans

 

242

 

111

 

105

 

458

 

35,681

 

36,139

 

Commercial and industrial

 

11

 

 

 

11

 

17,520

 

17,531

 

Other income producing property

 

135

 

 

 

135

 

3,553

 

3,688

 

Consumer

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

$

388

 

$

111

 

$

148

 

$

647

 

$

72,568

 

$

73,215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

$

 

$

 

$

 

$

 

$

 

$

 

Commercial non-owner occupied

 

 

 

 

 

 

 

Commercial owner occupied

 

 

 

 

 

 

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer owner occupied

 

 

 

 

 

 

 

Home equity loans

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

 

 

 

Other income producing property

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

$

 

$

 

$

 

$

 

$

 

$

 

 

Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Commercial loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 

Construction & Development

 

Commercial Non-owner Occupied

 

Commercial Owner Occupied

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

54,863

 

$

796

 

$

 

$

63,362

 

$

2,877

 

$

 

$

81,973

 

$

11,977

 

$

 

Special mention

 

 

 

 

1,332

 

 

 

325

 

164

 

 

Substandard

 

396

 

43

 

 

487

 

 

 

835

 

 

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

$

55,259

 

$

839

 

$

 

$

65,181

 

$

2,877

 

$

 

$

83,133

 

$

12,141

 

$

 

 

 

 

Commercial & Industrial

 

Other Income Producing Property

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

 

 

 

 

 

 

Pass

 

$

61,025

 

$

17,515

 

$

 

$

75,624

 

$

3,352

 

$

 

 

 

 

 

 

 

Special mention

 

2,280

 

 

 

1,869

 

244

 

 

 

 

 

 

 

 

Substandard

 

764

 

16

 

 

851

 

92

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

64,069

 

$

17,531

 

$

 

$

78,344

 

$

3,688

 

$

 

 

 

 

 

 

 

 

Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Consumer loans
 
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

 

 

Consumer Owner Occupied

 

Home Equity

 

Consumer

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

767,359

 

$

 

$

 

$

257,630

 

$

34,656

 

$

 

$

275,188

 

$

 

$

 

Special mention

 

425

 

 

 

6,517

 

167

 

 

106

 

 

 

Substandard

 

1,302

 

 

 

10,746

 

1,316

 

 

75

 

 

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

$

769,086

 

$

 

$

 

$

274,893

 

$

36,139

 

$

 

$

275,369

 

$

 

$

 

 

Acquired loans | Total FASB ASC Topic 310-30 acquired loans
 
Loans and Allowance for Loan Losses  
Summary of acquired loans

 

 

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

FASB ASC Topic 310-30 acquired loans:

 

 

 

 

 

 

 

Commercial loans greater than or equal to $1 million-CBT

 

$

37,894

 

$

49,684

 

$

53,301

 

Commercial real estate

 

477,968

 

372,924

 

151,444

 

Commercial real estate—construction and development

 

132,176

 

130,451

 

58,317

 

Residential real estate

 

505,127

 

355,127

 

205,441

 

Consumer

 

108,420

 

15,685

 

10,125

 

Commercial and industrial

 

81,734

 

72,884

 

37,499

 

Single pay

 

4,451

 

4,772

 

4,864

 

Total FASB ASC Topic 310-30 acquired loans

 

1,347,770

 

1,001,527

 

520,991

 

Less allowance for loan losses

 

(31,141

)

(32,132

)

(31,138

)

FASB ASC Topic 310-30 acquired loans, net

 

$

1,316,629

 

$

969,395

 

$

489,853

 

 

Schedule of credit risk profile by risk grade of loans

 

 

 

Commercial Loans Greater Than
or Equal to $1 million-CBT

 

Commercial Real Estate

 

Commercial Real Estate—
Construction and Development

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

(Dollars in thousands)

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

15,417

 

$

14,355

 

$

15,854

 

$

220,307

 

$

297,408

 

$

24,992

 

$

41,801

 

$

87,142

 

$

21,351

 

Special mention

 

2,635

 

3,470

 

3,462

 

69,406

 

22,279

 

12,505

 

19,711

 

7,742

 

7,081

 

Substandard

 

19,842

 

31,859

 

33,985

 

188,255

 

53,072

 

37,095

 

70,664

 

34,754

 

28,391

 

Doubtful

 

 

 

 

 

165

 

165

 

 

813

 

1,494

 

 

 

$

37,894

 

$

49,684

 

$

53,301

 

$

477,968

 

$

372,924

 

$

74,757

 

$

132,176

 

$

130,451

 

$

58,317

 

 

 

 

Residential Real Estate

 

Consumer

 

Commercial & Industrial

 

 

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

September 30,

 

December 31,

 

September 30,

 

 

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

2013

 

2012

 

2012

 

Pass

 

$

208,135

 

$

254,976

 

$

127,274

 

$

8,639

 

$

12,927

 

$

7,136

 

$

41,320

 

$

54,046

 

$

17,044

 

Special mention

 

93,623

 

38,239

 

27,322

 

40,038

 

783

 

959

 

4,285

 

5,293

 

5,281

 

Substandard

 

203,267

 

61,886

 

50,412

 

59,743

 

1,974

 

1,997

 

36,129

 

13,515

 

15,119

 

Doubtful

 

102

 

26

 

433

 

 

1

 

33

 

 

30

 

55

 

 

 

$

505,127

 

$

355,127

 

$

205,441

 

$

108,420

 

$

15,685

 

$

10,125

 

$

81,734

 

$

72,884

 

$

37,499

 

 

 

 

Single Pay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

46

 

$

57

 

$

1,881

 

 

 

 

 

 

 

 

 

 

 

 

 

Special mention

 

 

52

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

Substandard

 

4,405

 

4,663

 

2,931

 

 

 

 

 

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,451

 

$

4,772

 

$

4,864

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aging analysis of past due loans, segregated by class of loans

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

30-59 Days

 

60-89 Days

 

90+ Days

 

Past

 

 

 

Total

 

(Dollars in thousands)

 

Past Due

 

Past Due

 

Past Due

 

Due

 

Current

 

Loans

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans greater than or equal to $1 million-CBT

 

$

 

$

787

 

$

13,210

 

$

13,997

 

$

23,897

 

$

37,894

 

Commercial real estate

 

11,992

 

2,552

 

29,451

 

43,995

 

433,973

 

477,968

 

Commercial real estate—construction and development

 

2,625

 

678

 

19,011

 

22,314

 

109,862

 

132,176

 

Residential real estate

 

11,002

 

4,081

 

27,703

 

42,786

 

462,341

 

505,127

 

Consumer

 

1,754

 

478

 

2,036

 

4,268

 

104,152

 

108,420

 

Commercial and industrial

 

1,460

 

954

 

4,981

 

7,395

 

74,339

 

81,734

 

Single pay

 

 

18

 

22

 

40

 

4,411

 

4,451

 

 

 

$

28,833

 

$

9,548

 

$

96,414

 

$

134,795

 

$

1,212,975

 

$

1,347,770

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans greater than or equal to $1 million-CBT

 

$

922

 

$

993

 

$

22,471

 

$

24,386

 

$

25,298

 

$

49,684

 

Commercial real estate

 

5,866

 

2,306

 

17,488

 

25,660

 

347,264

 

372,924

 

Commercial real estate—construction and development

 

2,976

 

1,573

 

18,718

 

23,267

 

107,184

 

130,451

 

Residential real estate

 

7,611

 

4,829

 

18,315

 

30,755

 

324,372

 

355,127

 

Consumer

 

181

 

76

 

736

 

993

 

14,692

 

15,685

 

Commercial and industrial

 

1,268

 

287

 

5,147

 

6,702

 

66,182

 

72,884

 

Single pay

 

1

 

3,256

 

62

 

3,319

 

1,453

 

4,772

 

 

 

$

18,825

 

$

13,320

 

$

82,937

 

$

115,082

 

$

886,445

 

$

1,001,527

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial loans greater than or equal to $1 million-CBT

 

$

3,174

 

$

 

$

21,638

 

$

24,812

 

$

28,489

 

$

53,301

 

Commercial real estate

 

4,290

 

487

 

15,846

 

20,623

 

130,821

 

151,444

 

Commercial real estate—construction and development

 

2,824

 

919

 

14,227

 

17,970

 

40,347

 

58,317

 

Residential real estate

 

4,097

 

1,131

 

13,337

 

18,565

 

186,876

 

205,441

 

Consumer

 

173

 

100

 

836

 

1,109

 

9,016

 

10,125

 

Commercial and industrial

 

755

 

478

 

5,132

 

6,365

 

31,134

 

37,499

 

Single pay

 

1

 

3

 

270

 

274

 

4,590

 

4,864

 

 

 

$

15,314

 

$

3,118

 

$

71,286

 

$

89,718

 

$

431,273

 

$

520,991