Loans (Tables)

12 Months Ended

Dec. 31, 2014

The following table presents loans by class as of the dates indicated:



December 31,	2014		2013
Real estate loans:
Commercial	$	1,639,422	$	1,449,174
Construction:
Land acquisition & development	220,443		205,911
Residential	96,580		76,488
Commercial	101,246		69,236
Total construction loans	418,269		351,635
Residential	999,903		867,912
Agricultural	167,659		173,534
Total real estate loans	3,225,253		2,842,255
Consumer:
Indirect consumer	552,863		476,012
Other consumer	144,141		133,039
Credit card	65,467		62,536
Total consumer loans	762,471		671,587
Commercial	740,073		676,544
Agricultural	124,859		111,872
Other, including overdrafts	3,959		1,734
Loans held for investment	4,856,615		4,303,992
Mortgage loans held for sale	40,828		40,861
Total loans	$	4,897,443	$	4,344,853

Deteriorated Loans Transferred in



December 31,	2014		2013

Outstanding balance	$	41,910	$	—

Carrying value
Loans on accrual status	31,870		—
Loans on non-accrual status	—		—
Total carrying value	$	31,870	$	—

The following table summarizes changes in the accretable yield for loans acquired credit impaired for year ended December 31, 2014 and 2013:



Year Ended December 31,	2014			2013

Beginning balance	$	—		$	—
Acquisition	5,233			—
Accretion income	(735		)	—
Reductions due to exit events	(201		)	—
Reclassifications from (to) nonaccretable differences	1,484			—
Ending balance	$	5,781		$	—

Schedule of Recorded Investment in Past Due Loans by Class

The following tables present the contractual aging of the Company’s recorded investment in past due loans by class as of the period indicated:



							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2014	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	4,692	$	1,609	$	331	$	6,632	$	1,605,421	$	27,369	$	1,639,422
Construction:
Land acquisition & development	839		383		—		1,222		210,969		8,252		220,443
Residential	—		475		—		475		95,833		272		96,580
Commercial	100		—		—		100		98,582		2,564		101,246
Total construction loans	939		858		—		1,797		405,384		11,088		418,269
Residential	6,969		645		1,762		9,376		987,735		2,792		999,903
Agricultural	1,624		236		—		1,860		158,957		6,842		167,659
Total real estate loans	14,224		3,348		2,093		19,665		3,157,497		48,091		3,225,253
Consumer:
Indirect consumer	3,235		482		6		3,723		548,757		383		552,863
Other consumer	988		140		32		1,160		142,432		549		144,141
Credit card	369		284		315		968		64,484		15		65,467
Total consumer loans	4,592		906		353		5,851		755,673		947		762,471
Commercial	3,659		994		147		4,800		722,575		12,698		740,073
Agricultural	1,125		—		—		1,125		123,288		446		124,859
Other, including overdrafts	—		—		—		—		3,959		—		3,959
Loans held for investment	23,600		5,248		2,593		31,441		4,762,992		62,182		4,856,615
Mortgage loans originated for sale	—		—		—		—		40,828		—		40,828
Total loans	$	23,600	$	5,248	$	2,593	$	31,441	$	4,803,820	$	62,182	$	4,897,443



							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2013	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	5,924	$	2,472	$	22	$	8,418	$	1,391,823	$	48,933	$	1,449,174
Construction:
Land acquisition & development	1,062		468		38		1,568		188,074		16,269		205,911
Residential	933		250		—		1,183		73,933		1,372		76,488
Commercial	584		—		—		584		68,427		225		69,236
Total construction loans	2,579		718		38		3,335		330,434		17,866		351,635
Residential	3,630		206		1,162		4,998		856,800		6,114		867,912
Agricultural	328		646		—		974		163,986		8,574		173,534
Total real estate loans	12,461		4,042		1,222		17,725		2,743,043		81,487		2,842,255
Consumer:
Indirect consumer	3,303		430		9		3,742		471,906		364		476,012
Other consumer	925		130		1		1,056		131,508		475		133,039
Credit card	364		187		515		1,066		61,451		19		62,536
Total consumer loans	4,592		747		525		5,864		664,865		858		671,587
Commercial	2,791		1,186		563		4,540		660,035		11,969		676,544
Agricultural	453		672		—		1,125		110,622		125		111,872
Other, including overdrafts	—		—		—		—		1,734		—		1,734
Loans held for investment	20,297		6,647		2,310		29,254		4,180,299		94,439		4,303,992
Mortgage loans originated for sale	—		—		—		—		40,861		—		40,861
Total loans	$	20,297	$	6,647	$	2,310	$	29,254	$	4,221,160	$	94,439	$	4,344,853

Schedule of Recorded Investment in Impaired Loans

The following tables present information on the Company’s recorded investment in impaired loans as of dates indicated:



	December 31, 2014
	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	41,603	$	28,143	$	11,246	$	39,389	$	1,608
Construction:
Land acquisition & development	12,511		7,262		1,615		8,877		574
Residential	459		272		—		272		—
Commercial	2,729		253		2,442		2,695		904
Total construction loans	15,699		7,787		4,057		11,844		1,478
Residential	2,959		2,452		341		2,793		143
Agricultural	8,844		6,444		2,305		8,749		732
Total real estate loans	69,105		44,826		17,949		62,775		3,961
Commercial	16,904		11,882		2,644		14,526		1,190
Agricultural	1,231		342		837		1,179		641
Total	$	87,240	$	57,050	$	21,430	$	78,480	$	5,792



	December 31, 2013
	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	64,780	$	29,216	$	33,937	$	63,153	$	5,210
Construction:
Land acquisition & development	23,906		9,901		7,226		17,127		1,434
Residential	1,816		1,095		277		1,372		26
Commercial	397		279		84		363		85
Total construction loans	26,119		11,275		7,587		18,862		1,545
Residential	9,448		5,081		967		6,048		249
Agricultural	8,895		6,429		2,370		8,799		335
Total real estate loans	109,242		52,001		44,861		96,862		7,339
Commercial	15,448		10,684		2,901		13,585		1,504
Agricultural	177		39		86		125		86
Total	$	124,867	$	62,724	$	47,848	$	110,572	$	8,929



	December 31, 2012
	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	84,300	$	39,049	$	34,774	$	73,823	$	4,112
Construction:
Land acquisition & development	28,558		15,891		7,173		23,064		1,457
Residential	3,018		1,976		710		2,686		251
Commercial	10,447		7,785		340		8,125		69
Total construction loans	42,023		25,652		8,223		33,875		1,777
Residential	13,271		6,152		4,495		10,647		1,677
Agricultural	5,559		1,834		3,227		5,061		784
Total real estate loans	145,153		72,687		50,719		123,406		8,350
Commercial	12,770		9,036		3,206		12,242		1,919
Agricultural	589		509		28		537		28
Total	$	158,512	$	82,232	$	53,953	$	136,185	$	10,297

Schedule of Average Recorded Investment In and Income Recognized on Impaired Loans

The following tables present the average recorded investment in and income recognized on impaired loans for the periods indicated:



	Year Ended December 31,
	2014				2013				2012
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized
Real estate:
Commercial	$	54,701	$	876	$	66,330	$	1,092	$	78,670	$	1,339
Construction:
Land acquisition & development	13,056		43		19,523		487		44,457		110
Residential	822		—		1,893		—		8,431		4
Commercial	1,529		8		3,936		4		16,401		—
Total construction loans	15,407		51		25,352		491		69,289		114
Residential	4,537		5		8,104		17		13,703		26
Agricultural	8,774		78		8,230		8		6,936		41
Total real estate loans	83,419		1,010		108,016		1,608		168,598		1,520
Commercial	13,789		50		15,047		68		15,741		84
Agricultural	447		23		313		16		942		27
Total	$	97,655	$	1,083	$	123,376	$	1,692	$	185,281	$	1,631

Schedule of Loans Renegotiated in Troubled Debt Restructurings

The following table presents information on the Company's troubled debt restructurings that occurred during the periods indicated:



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Year Ended December 31, 2014	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other		Principal Balance at Restructure Date
Real estate:
Commercial	13	$	4,753	$	672	$	84	$	1,047	$	6,556
Residential	1	—		—		—		15		15
Total real estate loans	14	4,753		672		84		1,062		6,571
Consumer	1	—		113		—		—		113
Commercial	5	476		—		—		30		506
Total	20	$	5,229	$	785	$	84	$	1,092	$	7,190



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Year ended December 31, 2013	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other		Principal Balance at Restructure Date
Real estate:
Commercial	19	$	543	$	1,378	$	11,420	$	2,310	$	15,651
Construction:
Land acquisition & development	8	528		7,308		1,952		—		9,788
Residential	3	—		408		411		—		819
Total construction loans	11	528		7,716		2,363		—		10,607
Residential	5	—		708		—		79		787
Agriculture	1	—		—		188		—		188
Total real estate loans	36	1,071		9,802		13,971		2,389		27,233
Consumer	1	—		—		27		—		27
Commercial	6	613		178		265		87		1,143
Total	43	$	1,684	$	9,980	$	14,263	$	2,476	$	28,403



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Year ended December 31, 2012	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other		Principal Balance at Restructure Date
Real estate:
Commercial	16	$	—	$	959	$	4,504	$	8,611	$	14,074
Construction:
Commercial	1	—		—		—		3,155		3,155
Land acquisition & development	5	—		1,000		1,757		623		3,380
Residential	2	—		280		233		—		513
Total construction loans	8	—		1,280		1,990		3,778		7,048
Residential	2	568		25		—		—		593
Agriculture	1	—		154		—		—		154
Total real estate loans	27	568		2,418		6,494		12,389		21,869
Consumer	1	—		69		—		—		69
Commercial	10	387		217		—		218		822
Total	38	$	955	$	2,704	$	6,494	$	12,607	$	22,760

Schedule of Recorded Investment in Criticized Loans by Class and Credit Quality Indicator

The following tables present the Company’s recorded investment in criticized loans by class and credit quality indicator based on the most recent analysis performed as of the dates indicated:



As of December 31, 2014	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	84,533	$	83,448	$	15,246	$	183,227
Construction:
Land acquisition & development	11,826		15,016		2,507		29,349
Residential	2,029		2,666		—		4,695
Commercial	39		253		2,442		2,734
Total construction loans	13,894		17,935		4,949		36,778
Residential	10,473		10,848		1,121		22,442
Agricultural	10,122		12,328		612		23,062
Total real estate loans	119,022		124,559		21,928		265,509
Consumer:
Indirect consumer	916		1,590		121		2,627
Other consumer	553		1,085		432		2,070
Credit card	—		348		1,263		1,611
Total consumer loans	1,469		3,023		1,816		6,308
Commercial	25,766		32,433		10,273		68,472
Agricultural	7,827		3,660		837		12,324
Total	$	154,084	$	163,675	$	34,854	$	352,613



As of December 31, 2013	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	79,747	$	86,426	$	24,840	$	191,013
Construction:
Land acquisition & development	13,211		19,677		7,329		40,217
Residential	1,859		1,649		277		3,785
Commercial	—		409		84		493
Total construction loans	15,070		21,735		7,690		44,495
Residential	7,500		7,188		4,184		18,872
Agricultural	13,597		10,245		2,370		26,212
Total real estate loans	115,914		125,594		39,084		280,592
Consumer:
Indirect consumer	875		1,524		115		2,514
Other consumer	573		969		268		1,810
Credit card	—		392		2,010		2,402
Total consumer loans	1,448		2,885		2,393		6,726
Commercial	33,318		23,833		3,745		60,896
Agricultural	8,401		1,788		86		10,275
Total	$	159,081	$	154,100	$	45,308	$	358,489