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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Allowance for Credit Losses
Activity in the ACL by portfolio segment is summarized as follows:
Three months ended September 30, 2021
(Dollars in thousands)CommercialConsumerPCDTotal
Allowance for credit losses:
Balance at July 1$76,082 $94,272 $18,740 $189,094 
Provision (credit)975 (223)(1,872)(1,120)
Charge-offs(5,967)(4,307)(799)(11,073)
Recoveries1,594 2,330 2,369 6,293 
Balance at September 30$72,684 $92,072 $18,438 $183,194 
Three months ended September 30, 2020
(Dollars in thousands)CommercialConsumerPCDTotal
Balance at July 1$76,177 $119,345 $26,928 $222,450 
Provision (credit)4,793 1,874 (2,625)4,042 
Charge-offs(3,328)(5,109)(495)(8,932)
Recoveries2,338 2,719 1,319 6,376 
Balance at September 30$79,980 $118,829 $25,127 $223,936 
Nine months ended September 30, 2021
(Dollars in thousands)CommercialConsumerPCDTotal
Balance at January 1$80,842 $119,485 $23,987 $224,314 
Provision (credit)332 (23,208)(8,821)(31,697)
Charge-offs(12,342)(12,804)(2,018)(27,164)
Recoveries3,852 8,599 5,290 17,741 
Balance at September 30$72,684 $92,072 $18,438 $183,194 
Nine months ended September 30, 2020
(Dollars in thousands)CommercialConsumerPCDTotal
Balance at December 31$142,369 $75,236 $7,536 $225,141 
Adoption of ASC 326(87,554)30,629 19,001 (37,924)
Balance at January 154,815 105,865 26,537 187,217 
Provision (credit)32,854 25,066 (4,971)52,949 
Initial allowance on PCD loans— — 1,193 1,193 
Charge-offs(12,712)(19,535)(3,010)(35,257)
Recoveries5,023 7,433 5,378 17,834 
Balance at September 30$79,980 $118,829 $25,127 $223,936 
BancShares records an allowance for credit losses on unfunded commitments within other liabilities. Activity in the allowance for credit losses for unfunded commitments is summarized as follows:
Three months ended September 30Nine months ended September 30
(Dollars in thousands)2021202020212020
Allowance for credit losses:
Beginning balance$11,103 $13,685 $12,814 $1,055 
Adoption of ASC 326— — — 8,885 
Adjusted beginning balance$11,103 $13,685 $12,814 $9,940 
Provision (credit)369 286 (1,342)4,031 
Ending balance11,472 13,971 11,472 13,971 
The following table presents information on collateral-dependent loans by class and includes the amortized cost of collateral-dependent loans and leases, the net realizable value of the collateral, the extent to which collateral secures collateral-dependent loans and the associated ACL as of September 30, 2021 and December 31, 2020 were as follows:
September 30, 2021
(Dollars in thousands)Collateral-Dependent LoansNet Realizable Value of CollateralCollateral CoverageAllowance for Credit Losses
Commercial:
Construction and land development$1,424 $1,964 137.9 %$— 
Owner occupied commercial mortgage7,411 8,367 112.9 — 
Non-owner occupied commercial mortgage8,204 11,307 137.8 1,203 
Commercial and industrial and leases4,787 6,530 136.4 230 
Total commercial loans21,826 28,168 129.1 1,433 
Consumer:
Residential mortgage11,423 14,625 128.0 — 
Revolving mortgage— — — — 
Total consumer loans11,423 14,625 128.0 — 
PCD loans18,154 32,788 180.6 — 
Total collateral-dependent loans$51,403 $75,581 147.0 %$1,433 
December 31, 2020
(Dollars in thousands)Collateral-Dependent LoansNet Realizable Value of CollateralCollateral CoverageAllowance for Credit Losses
Commercial:
Construction and land development$1,424 $1,795 126.1 %$— 
Owner occupied commercial mortgage9,792 14,253 145.6 — 
Non-owner occupied commercial mortgage5,556 7,577 136.4 — 
Total commercial loans16,772 23,625 140.9 — 
Consumer:
Residential mortgage23,011 29,775 129.4 131 
PCD loans19,042 27,872 146.4 — 
Total collateral-dependent loans$58,825 $81,272 138.2 %$131 
Troubled Debt Restructurings on Financing Receivables
The following tables provides a summary of total TDRs by accrual status:
September 30, 2021December 31, 2020
(Dollars in thousands)AccruingNonaccruing Total AccruingNonaccruing Total
Commercial:
Construction and land development$346 $33 $379 $578 $54 $632 
Owner occupied commercial mortgage46,255 10,661 56,916 37,574 10,889 48,463 
Non-owner occupied commercial mortgage20,022 3,763 23,785 18,336 1,649 19,985 
Commercial and industrial and leases12,506 11,295 23,801 29,131 3,528 32,659 
Total commercial loans79,129 25,752 104,881 85,619 16,120 101,739 
Consumer:
Residential mortgage22,106 14,937 37,043 29,458 19,380 48,838 
Revolving mortgage16,533 6,925 23,458 20,124 7,128 27,252 
Construction and land development2,380 282 2,662 1,573 9 1,582 
Consumer auto1,888 636 2,524 2,018 696 2,714 
Consumer other774 61 835 955 137 1,092 
Total consumer loans43,681 22,841 66,522 54,128 27,350 81,478 
PCD loans29,207 12,365 41,572 17,617 7,346 24,963 
Total loans$152,017 $60,958 $212,975 $157,364 $50,816 $208,180 
The following table provides the types of modifications designated as TDRs during the three and nine months ended September 30, 2021 and 2020.
Three months ended September 30, 2021Three months ended September 30, 2020
All restructuringsAll restructurings
(Dollars in thousands)Number of LoansRecorded investment at period endNumber of LoansRecorded investment at period end
Loans and leases
Interest only7 $9,639 6 $5,703 
Loan term extension41 6,371 29 2,380 
Below market interest rate47 3,126 55 15,341 
Discharged from bankruptcy21 2,783 55 1,654 
Total restructurings116 $21,919 145 $25,078 
Nine months ended September 30, 2021Nine months ended September 30, 2020
All restructuringsAll restructurings
(Dollars in thousands)Number of LoansRecorded investment at period endNumber of LoansRecorded investment at period end
Loans and leases
Interest only17 $19,728 23 $24,847 
Loan term extension112 14,500 62 5,885 
Below market interest rate148 21,004 212 38,740 
Discharged from bankruptcy110 12,478 165 7,025 
Total restructurings387 $67,710 462 $76,497 

For the nine months ended September 30, 2021 and 2020, the pre-modification and post-modification outstanding amortized cost of loans modified as TDRs were not materially different.