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Allowance for Loan and Lease Losses Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Allocation of Allowance for Loan and Lease Losses
Activity in the allowance for non-PCI loan and lease losses by class of loans is summarized as follows:
 
Years ended December 31, 2018, 2017, 2016
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2016
$
16,288

 
$
69,896

 
$
2,168

 
$
48,640

 
$
1,855

 
$
14,105

 
$
15,971

 
$
1,485

 
$
19,496

 
$
189,904

Provision (credits)
12,871

 
(21,912
)
 
925

 
15,218

 
877

 
801

 
7,413

 
45

 
18,632

 
34,870

Charge-offs
(680
)
 
(987
)
 
—

 
(9,455
)
 
(144
)
 
(926
)
 
(3,287
)
 
—

 
(14,108
)
 
(29,587
)
Recoveries
398

 
1,281

 
176

 
1,729

 
539

 
467

 
916

 
66

 
4,267

 
9,839

Balance at December 31, 2016
28,877

 
48,278

 
3,269

 
56,132

 
3,127

 
14,447

 
21,013

 
1,596

 
28,287

 
205,026

Provision (credits)
(4,329
)
 
(5,694
)
 
1,280

 
11,624

 
2,189

 
2,096

 
2,509

 
2,366

 
17,098

 
29,139

Charge-offs
(599
)
 
(421
)
 
(5
)
 
(11,921
)
 
(912
)
 
(1,376
)
 
(2,368
)
 
—

 
(18,784
)
 
(36,386
)
Recoveries
521

 
2,842

 
27

 
3,989

 
285

 
539

 
1,282

 
—

 
4,603

 
14,088

Balance at December 31, 2017
24,470

 
45,005

 
4,571

 
59,824

 
4,689

 
15,706

 
22,436

 
3,962

 
31,204

 
211,867

Provision (credits)
10,533

 
(1,490
)
 
(2,171
)
 
2,511

 
(2,827
)
 
897

 
1,112

 
(1,520
)
 
22,187

 
29,232

Charge-offs
(44
)
 
(1,140
)
 
(69
)
 
(10,211
)
 
(130
)
 
(1,689
)
 
(3,235
)
 
(219
)
 
(22,817
)
 
(39,554
)
Recoveries
311

 
1,076

 
150

 
3,496

 
489

 
558

 
1,549

 
127

 
5,267

 
13,023

Balance at December 31, 2018
$
35,270

 
$
43,451

 
$
2,481

 
$
55,620

 
$
2,221

 
$
15,472

 
$
21,862

 
$
2,350

 
$
35,841

 
$
214,568



The following tables present the allowance and recorded investment in loans and leases by class of loans, as well as the associated impairment method at December 31, 2018 and December 31, 2017.
 
December 31, 2018
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
490

 
$
2,671

 
$
42

 
$
1,137

 
$
105

 
$
1,901

 
$
2,515

 
$
81

 
$
885

 
$
9,827

ALLL for loans and leases collectively evaluated for impairment
34,780

 
40,780

 
2,439

 
54,483

 
2,116

 
13,571

 
19,347

 
2,269

 
34,956

 
204,741

Total allowance for loan and lease losses
$
35,270

 
$
43,451

 
$
2,481

 
$
55,620

 
$
2,221

 
$
15,472

 
$
21,862

 
$
2,350

 
$
35,841

 
$
214,568

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
2,175

 
$
55,447

 
$
860

 
$
9,868

 
$
291

 
$
42,168

 
$
28,852

 
$
3,749

 
$
3,020

 
$
146,430

Loans and leases collectively evaluated for impairment
755,679

 
10,661,787

 
426,125

 
3,928,862

 
296,133

 
4,223,519

 
2,514,123

 
253,281

 
1,710,761

 
24,770,270

Total loan and leases
$
757,854

 
$
10,717,234

 
$
426,985

 
$
3,938,730

 
$
296,424

 
$
4,265,687

 
$
2,542,975

 
$
257,030

 
$
1,713,781

 
$
24,916,700


 
December 31, 2017
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
185

 
$
3,648

 
$
209

 
$
1,062

 
$
—

 
$
2,733

 
$
1,085

 
$
68

 
$
738

 
$
9,728

ALLL for loans and leases collectively evaluated for impairment
24,285

 
41,357

 
4,362

 
58,762

 
4,689

 
12,973

 
21,351

 
3,894

 
30,466

 
202,139

Total allowance for loan and lease losses
$
24,470

 
$
45,005

 
$
4,571

 
$
59,824

 
$
4,689

 
$
15,706

 
$
22,436

 
$
3,962

 
$
31,204

 
$
211,867

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
788

 
$
73,655

 
$
1,857

 
$
9,888

 
$
521

 
$
37,842

 
$
23,770

 
$
4,551

 
$
2,774

 
$
155,646

Loans and leases collectively evaluated for impairment
668,427

 
9,655,367

 
471,576

 
3,615,320

 
301,655

 
3,485,944

 
2,677,755

 
243,738

 
1,558,399

 
22,678,181

Total loan and leases
$
669,215

 
$
9,729,022

 
$
473,433

 
$
3,625,208

 
$
302,176

 
$
3,523,786

 
$
2,701,525

 
$
248,289

 
$
1,561,173

 
$
22,833,827

 
Activity in the PCI allowance and balances for years ended December 31, 2018, 2017 and 2016 is summarized as follows:
(Dollars in thousands)
2018
 
2017
 
2016
Allowance for loan losses:
 
 
 
 
 
Balance at January 1
$
10,026

 
$
13,769

 
$
16,312

Provision credits
(765
)
 
(3,447
)
 
(1,929
)
Charge-offs
(117
)
 
(296
)
 
(614
)
Recoveries
—

 
—

 
—

Balance at December 31
$
9,144

 
$
10,026

 
$
13,769



The following table presents the PCI allowance and recorded investment in loans at December 31, 2018 and December 31, 2017.
(Dollars in thousands)
December 31, 2018
 
December 31, 2017
Allowance for loan losses:
 
 
 
ALLL for loans acquired with deteriorated credit quality
$
9,144

 
$
10,026

Loans acquired with deteriorated credit quality
606,576

 
762,998
Allowance for Loan and Lease Losses
The following tables provide information on non-PCI impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogeneous group, including interest income recognized in the period during which the loans and leases were considered impaired.
 
December 31, 2018
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Non-PCI impaired loans and leases
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,897

 
$
278

 
$
2,175

 
$
2,606

 
$
490

Commercial mortgage
34,177

 
21,270

 
55,447

 
61,317

 
2,671

Other commercial real estate
243

 
617

 
860

 
946

 
42

Commercial and industrial and leases
7,153

 
2,715

 
9,868

 
14,695

 
1,137

Other
216

 
75

 
291

 
301

 
105

Residential mortgage
40,359

 
1,809

 
42,168

 
45,226

 
1,901

Revolving mortgage
25,751

 
3,101

 
28,852

 
31,371

 
2,515

Construction and land development - noncommercial
2,337

 
1,412

 
3,749

 
4,035

 
81

Consumer
2,940

 
80

 
3,020

 
3,405

 
885

Total non-PCI impaired loans and leases
$
115,073

 
$
31,357

 
$
146,430

 
$
163,902

 
$
9,827

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Non-PCI impaired loans and leases
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
788

 
$
—

 
$
788

 
$
1,110

 
$
185

Commercial mortgage
39,135

 
34,520

 
73,655

 
78,936

 
3,648

Other commercial real estate
1,351

 
506

 
1,857

 
2,267

 
209

Commercial and industrial and leases
8,216

 
1,672

 
9,888

 
13,046

 
1,062

Other
—

 
521

 
521

 
521

 
—

Residential mortgage
19,135

 
18,707

 
37,842

 
39,946

 
2,733

Revolving mortgage
5,875

 
17,895

 
23,770

 
25,941

 
1,085

Construction and land development - noncommercial
592

 
3,959

 
4,551

 
5,224

 
68

Consumer
2,107

 
667

 
2,774

 
3,043

 
738

Total non-PCI impaired loans and leases
$
77,199

 
$
78,447

 
$
155,646

 
$
170,034

 
$
9,728


Non-PCI impaired loans less than $500,000 that are collectively evaluated were $47.1 million and $49.1 million at December 31, 2018, and 2017, respectively.





The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the years ended December 31, 2018, 2017 and 2016:
 
Year ended December 31, 2018
(Dollars in thousands)
YTD
Average
Balance
 
YTD Interest Income Recognized
Non-PCI impaired loans and leases:
 
 
 
Construction and land development - commercial
$
1,734

 
$
84

Commercial mortgage
65,943

 
2,569

Other commercial real estate
1,225

 
43

Commercial and industrial and leases
9,560

 
364

Other
135

 
3

Residential mortgage
41,368

 
1,237

Revolving mortgage
26,759

 
900

Construction and land development - noncommercial
3,677

 
172

Consumer
2,722

 
116

Total non-PCI impaired loans and leases
$
153,123

 
$
5,488

 
 
 
 
 
Year ended December 31, 2017
Non-PCI impaired loans and leases:
 
 
 
Construction and land development - commercial
$
858

 
$
37

Commercial mortgage
73,815

 
2,596

Other commercial real estate
1,642

 
34

Commercial and industrial and leases
11,600

 
427

Other
426

 
22

Residential mortgage
33,818

 
990

Revolving mortgage
14,022

 
436

Construction and land development - noncommercial
3,383

 
145

Consumer
2,169

 
103

Total non-PCI impaired loans and leases
$
141,733

 
$
4,790

 
 
 
 
 
Year ended December 31, 2016
Non-PCI impaired loans and leases:
 
 
 
Construction and land development - commercial
$
2,700

 
$
138

Commercial mortgage
82,146

 
2,671

Other commercial real estate
1,112

 
38

Commercial and industrial and leases
13,185

 
480

Other
687

 
33

Residential mortgage
26,774

 
805

Revolving mortgage
6,915

 
171

Construction and land development - noncommercial
983

 
50

Consumer
1,480

 
80

Total non-PCI impaired loans and leases
$
135,982

 
$
4,466

 
 
 
 
Troubled Debt Restructuring, Summary of Accrual Status
The following table provides a summary of total TDRs by accrual status. Total TDRs at December 31, 2018, were $156.1 million, of which $137.9 million were non-PCI and $18.2 million were PCI. Total TDRs at December 31, 2017, were $164.6 million, of which $146.1 million were non-PCI and $18.5 million were PCI.
 
December 31, 2018
 
December 31, 2017
(Dollars in thousands)
Accruing
 
 Nonaccruing
 
 Total
 
 Accruing
 
 Nonaccruing
 
 Total
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
Construction and land development - commercial
$
1,946

 
$
352

 
$
2,298

 
$
4,089

 
$
483

 
$
4,572

Commercial mortgage
53,270

 
7,795

 
61,065

 
62,358

 
15,863

 
78,221

Other commercial real estate
851

 
9

 
860

 
1,012

 
788

 
1,800

Commercial and industrial and leases
7,986

 
2,060

 
10,046

 
8,320

 
1,958

 
10,278

Other
118

 
173

 
291

 
521

 
—

 
521

Total commercial loans
64,171

 
10,389

 
74,560

 
76,300

 
19,092

 
95,392

Noncommercial
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
37,903

 
9,621

 
47,524

 
34,067

 
9,475

 
43,542

Revolving mortgage
20,492

 
8,196

 
28,688

 
17,673

 
5,180

 
22,853

Construction and land development - noncommercial
2,227

 
110

 
2,337

 
—

 
—

 
—

Consumer and other
2,300

 
721

 
3,021

 
2,351

 
423

 
2,774

Total noncommercial loans
62,922

 
18,648

 
81,570

 
54,091

 
15,078

 
69,169

Total loans
$
127,093

 
$
29,037

 
$
156,130

 
$
130,391

 
$
34,170

 
$
164,561
Troubled Debt Restructurings on Financing Receivables
 
Year ended December 31, 2018
 
Year ended December 31, 2017
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
Loans and leases
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
3
$
1,003

 
—
$
—

 
5
$
1,124

 
1
$
634

Noncommercial loans
—
—

 
—
—

 
1
82

 
—
—

Total interest only
3
1,003

 
—
—

 
6
1,206

 
1
634

 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
21
3,933

 
4
675

 
13
3,007

 
—
—

Noncommercial loans
21
1,554

 
4
190

 
34
3,510

 
2
273

Total loan term extension
42
5,486

 
8
865

 
47
6,517

 
2
273

 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
85
12,859

 
24
2,998

 
92
14,811

 
32
3,392

Noncommercial loans
184
15,545

 
68
5,461

 
271
15,601

 
78
4,591

Total below market interest rate
269
28,404

 
92
8,459

 
363
30,412

 
110
7,983

 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
26
2,043

 
8
825

 
39
3,012

 
26
708

Noncommercial loans
151
6,617

 
56
3,169

 
177
7,853

 
65
2,392

Total discharged from bankruptcy
177
8,660

 
64
3,994

 
216
10,865

 
91
3,100

Total restructurings
491
$
43,553

 
164
$
13,318

 
632
$
49,000

 
204
$
11,990