Loans (Tables)

3 Months Ended

Mar. 31, 2015



	March 31, 2015		December 31, 2014
Real estate loans:
Commercial	$	1,670,829	$	1,639,422
Construction:
Land acquisition & development	209,033		220,443
Residential	101,689		96,580
Commercial	95,583		101,246
Total construction loans	406,305		418,269
Residential	997,123		999,903
Agricultural	156,734		167,659
Total real estate loans	3,230,991		3,225,253
Consumer:
Indirect consumer	566,225		552,863
Other consumer	140,529		144,141
Credit card	61,708		65,467
Total consumer loans	768,462		762,471
Commercial	754,149		740,073
Agricultural	117,569		124,859
Other, including overdrafts	377		3,959
Loans held for investment	4,871,548		4,856,615
Mortgage loans held for sale	55,758		40,828
Total loans	$	4,927,306	$	4,897,443

Schedule of acquired loans with credit impairment

The following table displays the outstanding unpaid principal balance, accrued interest receivable and accrual status of loans acquired with credit impairment as of March 31, 2015 and 2014:



As of March 31,	2015		2014

Outstanding balance	$	32,445	$	—

Carrying value
Loans on accrual status	23,909		—
Loans on non-accrual status	—		—
Total carrying value	$	23,909	$	—

The following table summarizes changes in the accretable yield for loans acquired credit impaired for the three months ended March 31, 2015 and 2014:



Three Months Ended March 31,	2015			2014

Beginning balance	$	5,781		$	—
Accretion income	(548		)	—
Reductions due to exit events	(396		)	—
Reclassifications from (to) nonaccretable differences	2,143			—
Ending balance	$	6,980		$	—

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 dates indicated:



							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of March 31, 2015	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	17,049	$	550	$	859	$	18,458	$	1,622,470	$	29,901	$	1,670,829
Construction:
Land acquisition & development	4,756		207		45		5,008		195,864		8,161		209,033
Residential	500		—		325		825		100,520		344		101,689
Commercial	165		—		—		165		92,134		3,284		95,583
Total construction loans	5,421		207		370		5,998		388,518		11,789		406,305
Residential	3,876		830		2,363		7,069		986,670		3,384		997,123
Agricultural	2,630		—		883		3,513		146,498		6,723		156,734
Total real estate loans	28,976		1,587		4,475		35,038		3,144,156		51,797		3,230,991
Consumer:
Indirect consumer	2,460		336		9		2,805		563,049		371		566,225
Other consumer	659		51		1		711		139,378		440		140,529
Credit card	312		207		322		841		60,853		14		61,708
Total consumer loans	3,431		594		332		4,357		763,280		825		768,462
Commercial	4,049		567		388		5,004		728,564		20,581		754,149
Agricultural	1,508		32		—		1,540		115,291		738		117,569
Other, including overdrafts	—		—		2		2		375		—		377
Loans held for investment	37,964		2,780		5,197		45,941		4,751,666		73,941		4,871,548
Mortgage loans originated for sale	—		—		—		—		55,758		—		55,758
Total loans	$	37,964	$	2,780	$	5,197	$	45,941	$	4,807,424	$	73,941	$	4,927,306



							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

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:



As of March 31, 2015	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	40,258	$	33,591	$	4,748	$	38,339	$	1,641
Construction:
Land acquisition & development	12,400		6,854		1,882		8,736		569
Residential	387		344		—		344		—
Commercial	3,447		250		3,165		3,415		902
Total construction loans	16,234		7,448		5,047		12,495		1,471
Residential	3,495		3,230		154		3,384		127
Agricultural	8,562		7,949		613		8,562		719
Total real estate loans	68,549		52,218		10,562		62,780		3,958
Commercial	23,570		10,486		10,706		21,192		2,905
Agricultural	1,113		326		735		1,061		605
Total	$	93,232	$	63,030	$	22,003	$	85,033	$	7,468



As of 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

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



	Three Months Ended March 31,
	2015				2014
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	42,077	$	150	$	62,312	$	216
Construction:
Land acquisition & development	8,930		10		15,553		11
Residential	308		—		1,320		—
Commercial	3,055		2		360		2
Total construction loans	12,293		12		17,233		13
Residential	3,127		1		6,128		2
Agricultural	8,655		22		9,233		4
Total real estate loans	66,152		185		94,906		235
Commercial	17,533		8		14,268		14
Agricultural	914		5		288		6
Total	$	84,599	$	198	$	109,462	$	255

Schedule of Loans Renegotiated in Troubled Debt Restructurings

The following table presents information on the Company's troubled debt restructurings that occurred during the three months ended March 31, 2015:



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Three Months Ended March 31, 2015	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other (1)		Principal Balance at Restructure Date
Commercial	1	$	—	$	10	$	—	$	—	$	10
Total loans restructured during period	1	$	—	$	10	$	—	$	—	$	10
(1) Other includes concessions that reduce or defer payments for a specified period of time and/or do not fit into other designated categories.

The Company considers a payment default to occur on troubled debt restructurings when the loan is 90 days or more past due or was placed on non-accrual status after the modification.



	Three Months Ended March 31, 2015
	Number of Notes	Balance
Commercial Real Estate	1	$	1,822

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 March 31, 2015	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	76,271	$	82,814	$	12,896	$	171,981
Construction:
Land acquisition & development	10,929		14,475		2,417		27,821
Residential	1,245		2,797		—		4,042
Commercial	—		249		3,164		3,413
Total construction loans	12,174		17,521		5,581		35,276
Residential	9,374		8,381		1,027		18,782
Agricultural	10,094		14,712		613		25,419
Total real estate loans	107,913		123,428		20,117		251,458
Consumer:
Indirect consumer	832		1,415		179		2,426
Other consumer	538		877		389		1,804
Credit card	—		416		1,179		1,595
Total consumer loans	1,370		2,708		1,747		5,825
Commercial	28,390		24,008		14,877		67,275
Agricultural	2,819		6,743		735		10,297
Total	$	140,492	$	156,887	$	37,476	$	334,855



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