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Loans (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of Loans Outstanding, by Class
 
 
December 31, 2017
 
 
Loans
 
Total
(in thousands)
 
Legacy
 
Acquired
 
Commercial
 
$
675,544

 
$
135,655

 
$
811,199

SBA
 
133,186

 
8,022

 
141,208

Total commercial loans
 
808,730

 
143,677

 
952,407

 
 
 
 
 
 
 
Construction
 
243,112

 
5,205

 
248,317

 
 
 
 
 
 
 
Indirect automobile
 
1,716,156

 
—

 
1,716,156

Installment loans and personal lines of credit
 
24,158

 
1,837

 
25,995

Total consumer loans
 
1,740,314

 
1,837

 
1,742,151

Residential mortgage
 
461,194

 
28,527

 
489,721

Home equity lines of credit
 
131,049

 
17,321

 
148,370

Total mortgage loans
 
592,243

 
45,848

 
638,091

Total loans
 
$
3,384,399

 
$
196,567

 
$
3,580,966

 
 
December 31, 2016
 
 
Loans
 
Total
(in thousands)
 
Legacy
 
Acquired
 
Commercial
 
$
601,557

 
$
183,180

 
$
784,737

SBA
 
143,339

 
6,440

 
149,779

Total commercial loans
 
744,896

 
189,620

 
934,516

 
 
 
 
 
 
 
Construction
 
225,795

 
13,115

 
238,910

 
 
 
 
 
 
 
Indirect automobile
 
1,575,865

 
—

 
1,575,865

Installment loans and personal lines of credit
 
26,291

 
6,934

 
33,225

Total consumer loans
 
1,602,156

 
6,934

 
1,609,090

Residential mortgage
 
346,512

 
40,070

 
386,582

Home equity lines of credit
 
107,390

 
25,776

 
133,166

Total mortgage loans
 
453,902

 
65,846

 
519,748

Total loans
 
$
3,026,749

 
$
275,515

 
$
3,302,264
Nonaccrual loans, segregated by class of loans
Purchased credit impaired (“PCI”) loans are considered to be performing due to the application of the accretion method and are excluded from the table below:
 
December 31,
(in thousands)
2017
 
2016
Commercial
$
11,314

 
$
8,488

SBA
2,503

 
5,664

Total commercial loans
13,817

 
14,152

 
 
 
 
Construction
4,520

 
6,408

 
 
 
 
Indirect automobile
1,912

 
1,276

Installment loans and personal lines of credit
440

 
581

Total consumer loans
2,352

 
1,857

Residential mortgage
23,169

 
10,860

Home equity lines of credit
3,154

 
2,081

Total mortgage loans
26,323

 
12,941

Total nonaccrual loans
$
47,012

 
$
35,358
Loans delinquent and troubled debt restructured loans accruing interest
Accruing loans delinquent 30-89 days, 90 days or more (including PCI loans), and troubled debt restructured loans (“TDRs”) accruing interest, presented by class of loans at December 31, 2017 and 2016, were as follows:
 
 
December 31, 2017
 
December 31, 2016
(in thousands)
 
Accruing
Delinquent
30-89 Days
 
Accruing
Delinquent
90 Days or More
 
TDRs
Accruing
 
Accruing
Delinquent
30-89 Days
 
Accruing
Delinquent
90 Days or More
 
TDRs
Accruing
Commercial
 
3,821

 
5,722

 
8,468

 
1,407

 
4,231

 
5,942

SBA
 
5,560

 
70

 
3,800

 
1,452

 
—

 
3,788

Construction
 
—

 
102

 
—

 
32

 
343

 
—

Indirect automobile
 
3,971

 
87

 
1,960

 
2,972

 
—

 
1,474

Installment loans and personal lines of credit
 
449

 
—

 
33

 
39

 
26

 
—

Residential mortgage
 
7,447

 
268

 
495

 
380

 
1,577

 
406

Home equity lines of credit
 
831

 
64

 
51

 
1,320

 
12

 
53

Total
 
$
22,079

 
$
6,313

 
$
14,807

 
$
7,602

 
$
6,189

 
$
11,663
Schedule of Trouble Debt Restructurings
The following table presents TDRs that occurred during 2017 and 2016, along with the type of modification. Modified PCI loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs.
 
 
Year Ended
December 31, 2017
 
Year Ended
December 31, 2016
(in thousands)
 
Interest Rate
 
Term
 
Interest Rate
 
Term
Commercial
 
$
2,753

 
$
4,355

 
$
—

 
$
140

SBA
 
—

 
—

 
—

 
—

Construction
 
—

 
—

 
—

 
—

Indirect automobile
 
—

 
—

 
—

 
478

Installment loans and personal lines of credit
 
—

 
33

 
—

 
—

Residential mortgage
 
1,528

 
784

 
—

 
148

Home equity lines of credit
 
—

 
—

 
—

 
—

Total
 
$
4,281

 
$
5,172

 
$
—

 
$
766
Schedule of Loans Pledged as Collateral
Presented in the following table is the unpaid principal balance of loans held for investment that were pledged to the Federal Home Loan Bank of Atlanta (“FHLB of Atlanta”) as collateral for borrowings under a blanket lien arrangement at December 31, 2017 and 2016:
 
 
December 31,
(in thousands)
 
2017
 
2016
Commercial real estate
 
$
242,695

 
$
257,645

Home equity lines of credit
 
94,526

 
93,560

Residential mortgage
 
351,591

 
223,013

Total
 
$
688,812

 
$
574,218
Schedule of Impaired Loans
The following tables present by class the unpaid principal balance, recorded investment, and related allowance for impaired legacy loans and acquired non PCI loans at December 31, 2017 and 2016. Legacy impaired loans include all TDRs and all other nonaccrual loans, excluding nonaccrual loans below the Company’s specific review threshold.
 
 
December 31, 2017
 
December 31, 2016
(in thousands)
 
Unpaid
Principal Balance
 
Recorded Investment(1)
 
Related
Allowance
 
Unpaid
Principal Balance
 
Recorded Investment(1)
 
Related
Allowance
Impaired Loans with Allowance
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
11,877

 
$
11,824

 
$
839

 
$
17,337

 
$
14,412

 
$
993

SBA
 
6,634

 
5,664

 
294

 
4,671

 
1,956

 
156

Construction
 
—

 
—

 
—

 
—

 
—

 
—

Indirect automobile
 
—

 
—

 
—

 
—

 
—

 
—

Installment loans and personal lines of credit
 
343

 
290

 
219

 
283

 
235

 
235

Residential mortgage
 
4,838

 
4,799

 
616

 
3,178

 
3,117

 
703

Home equity lines of credit
 
831

 
745

 
633

 
1,279

 
1,171

 
333

Loans
 
$
24,523

 
$
23,322

 
$
2,601

 
$
26,748

 
$
20,891

 
$
2,420

 
 
December 31, 2017
 
December 31, 2016
(in thousands)
 
Unpaid
Principal Balance
 
Recorded Investment (1)
 
Unpaid
Principal Balance
 
Recorded Investment (1)
Impaired Loans with No Allowance
 
 
 
 
 
 
 
 
Commercial
 
$
14,839

 
$
12,509

 
$
7,267

 
$
5,888

SBA
 
1,815

 
1,133

 
9,135

 
8,045

Construction
 
5,995

 
4,520

 
7,875

 
6,394

Indirect automobile
 
—

 
—

 
—

 
—

Installment loans and personal lines of credit
 
1,445

 
163

 
1,445

 
163

Residential mortgage
 
21,955

 
21,398

 
9,464

 
9,347

Home equity lines of credit
 
2,452

 
2,318

 
1,149

 
749

Loans
 
$
48,501

 
$
42,041

 
$
36,335

 
$
30,586

(1) The primary difference between the unpaid principal balance and recorded investment represents charge-offs previously taken; it excludes accrued interest receivable due to materiality. Related allowance is calculated on the recorded investment, not the unpaid principal balance.
Average Impaired Loans and Interest Income Recognized
The average recorded investment in impaired loans and interest income recognized for 2017, 2016, and 2015, by class, are summarized in the table below. Impaired loans include legacy impaired loans, which include all TDRs, and all other nonaccrual loans.
 
 
For the Year Ended
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
(in thousands)
 
Average Recorded Investment
 
Interest
Income
Recognized
 
Average Recorded Investment
 
Interest
Income
Recognized
 
Average Recorded Investment
 
Interest
Income
Recognized
Commercial
 
$
23,098

 
$
658

 
$
16,915

 
$
819

 
$
21,641

 
$
709

SBA
 
7,770

 
221

 
11,574

 
407

 
14,594

 
586

Construction
 
5,500

 
184

 
5,709

 
290

 
6,810

 
37

Indirect automobile
 
2,616

 
264

 
2,117

 
234

 
1,829

 
284

Installment loans and personal lines of credit
 
473

 
194

 
422

 
120

 
473

 
128

Residential mortgage
 
18,657

 
548

 
7,970

 
174

 
4,789

 
112

Home equity lines of credit
 
2,549

 
104

 
1,204

 
117

 
840

 
63

Total
 
$
60,663

 
$
2,173

 
$
45,911

 
$
2,161

 
$
50,976

 
$
1,919
Schedule of loans by loan grade
The following tables present the recorded investment in loans, by loan class, and risk rating category, as of December 31, 2017 and 2016:
(in thousands)
 
December 31, 2017
Asset Rating
 
Commercial
 
SBA
 
Construction
 
Indirect Automobile
 
Installment loans and personal lines of credit
 
Residential Mortgage
 
Home Equity Lines of Credit
 
Total
Pass
 
$
758,271

 
$
129,629

 
$
235,987

 
$
—

 
$
25,229

 
$
461,650

 
$
145,082

 
$
1,755,848

Special Mention
 
21,264

 
6,847

 
7,699

 
—

 
231

 
—

 
—

 
36,041

Substandard
 
31,664

 
4,732

 
4,631

 
4,972

 
535

 
28,071

 
3,288

 
77,893

Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
811,199

 
141,208

 
248,317

 
4,972

 
25,995

 
489,721

 
148,370

 
1,869,782

Ungraded Performing
 
—

 
—

 
—

 
1,711,184

 
—

 
—

 
—

 
1,711,184

Total
 
$
811,199

 
$
141,208

 
$
248,317

 
$
1,716,156

 
$
25,995

 
$
489,721

 
$
148,370

 
$
3,580,966

(in thousands)
 
December 31, 2016
Asset Rating
 
Commercial
 
SBA
 
Construction
 
Indirect Automobile
 
Installment loans and personal lines of credit
 
Residential Mortgage
 
Home Equity Lines of Credit
 
Total
Pass
 
$
721,133

 
$
131,047

 
$
229,978

 
$
—

 
$
32,521

 
$
368,492

 
$
129,847

 
$
1,613,018

Special Mention
 
31,040

 
10,997

 
615

 
—

 
45

 
2,759

 
550

 
46,006

Substandard
 
32,564

 
7,735

 
8,317

 
4,003

 
659

 
15,331

 
2,769

 
71,378

Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
784,737

 
149,779

 
238,910

 
4,003

 
33,225

 
386,582

 
133,166

 
1,730,402

Ungraded Performing
 
—

 
—

 
—

 
1,571,862

 
—

 
—

 
—

 
1,571,862

Total
 
$
784,737

 
$
149,779

 
$
238,910

 
$
1,575,865

 
$
33,225

 
$
386,582

 
$
133,166

 
$
3,302,264
Certain Loans Acquired in Transfer Acquired During Period
The tables below show the balances acquired during 2016 for these two subsections of the portfolio as of the acquisition date:
Acquired Performing Loans
(in thousands)
 
2016
Contractually required principal and interest payments at acquisition
 
$
173,726

Fair value of acquired performing loans at acquisition
 
$
145,843

Acquired PCI Loans
(in thousands)
 
2016
Contractually required principal and interest payments at acquisition
 
$
2,515

Less: Nonaccretable difference (expected losses and foregone interest)
 
(962
)
Cash flows expected to be collected at acquisition
 
1,553

Less: Accretable yield
 
(92
)
Basis in acquired PCI loans at acquisition
 
$
1,461
Schedule of Purchase Credit Impaired Loans Receivables, Reconciliation of Income Expected
Changes in accretable yield, or income expected to be collected on PCI loans at December 31, 2017 and 2016, were as follows:
 
 
December 31,
(in thousands)
 
2017
 
2016
Beginning balance
 
$
4,403

 
$
3,797

Increase due to acquired loans
 
—

 
92

Accretion of income
 
(2,950
)
 
(1,883
)
Other activity, net (1)
 
1,552

 
2,397

Ending balance
 
$
3,005

 
$
4,403


(1) Includes changes in cash flows expected to be collected due to changes in timing of liquidation events, prepayment assumptions, etc.