Loans (Tables)

6 Months Ended

Jun. 30, 2015



	June 30, 2015		December 31, 2014
Real estate loans:
Commercial	$	1,704,073	$	1,639,422
Construction:
Land acquisition & development	211,889		220,443
Residential	101,023		96,580
Commercial	90,316		101,246
Total construction loans	403,228		418,269
Residential	999,038		999,903
Agricultural	158,506		167,659
Total real estate loans	3,264,845		3,225,253
Consumer:
Indirect consumer	589,479		552,863
Other consumer	144,919		144,141
Credit card	64,728		65,467
Total consumer loans	799,126		762,471
Commercial	819,119		740,073
Agricultural	142,629		124,859
Other, including overdrafts	2,905		3,959
Loans held for investment	5,028,624		4,856,615
Mortgage loans held for sale	75,322		40,828
Total loans	$	5,103,946	$	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 June 30, 2015 and 2014:



As of June 30,	2015		2014

Outstanding balance	$	35,555	$	—

Carrying value
Loans on accrual status	22,293		—
Loans on non-accrual status	—		—
Total carrying value	$	22,293	$	—

The following table summarizes changes in the accretable yield for loans acquired credit impaired for the three and six ended June 30, 2015 and 2014:



	Three Months Ended June 30,					Six Months Ended June 30,
	2015			2014		2015			2014

Beginning balance	$	6,980		$	—	$	5,781		$	—
Accretion income	(807		)	—		(1,355		)	—
Reductions due to exit events	—			—		(396		)	—
Reclassifications from (to) nonaccretable differences	1,309			—		3,452			—
Ending balance	$	7,482		$	—	$	7,482		$	—

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 June 30, 2015	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	5,123	$	2,803	$	111	$	8,037	$	1,669,445	$	26,591	$	1,704,073
Construction:
Land acquisition & development	1,075		276		156		1,507		202,620		7,762		211,889
Residential	417		—		—		417		100,274		332		101,023
Commercial	—		—		—		—		86,874		3,442		90,316
Total construction loans	1,492		276		156		1,924		389,768		11,536		403,228
Residential	3,563		1,524		929		6,016		990,453		2,569		999,038
Agricultural	875		261		—		1,136		150,586		6,784		158,506
Total real estate loans	11,053		4,864		1,196		17,113		3,200,252		47,480		3,264,845
Consumer:
Indirect consumer	3,382		507		26		3,915		585,200		364		589,479
Other consumer	785		121		29		935		143,241		743		144,919
Credit card	415		224		391		1,030		63,684		14		64,728
Total consumer loans	4,582		852		446		5,880		792,125		1,121		799,126
Commercial	8,285		812		190		9,287		788,210		21,622		819,119
Agricultural	700		30		10		740		141,264		625		142,629
Other, including overdrafts	—		—		311		311		2,594		—		2,905
Loans held for investment	24,620		6,558		2,153		33,331		4,924,445		70,848		5,028,624
Mortgage loans originated for sale	—		—		—		—		75,322		—		75,322
Total loans	$	24,620	$	6,558	$	2,153	$	33,331	$	4,999,767	$	70,848	$	5,103,946



							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 June 30, 2015	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	60,786	$	31,201	$	17,201	$	48,402	$	1,810
Construction:
Land acquisition & development	22,630		6,452		5,915		12,367		569
Residential	969		332		—		332		—
Commercial	3,796		426		1,590		2,016		1,606
Total construction loans	27,395		7,210		7,505		14,715		2,175
Residential	5,442		2,291		1,429		3,720		127
Agricultural	9,094		6,396		2,202		8,598		712
Total real estate loans	102,717		47,098		28,337		75,435		4,824
Commercial	28,472		11,275		12,298		23,573		3,279
Agricultural	2,110		427		1,058		1,485		618
Total	$	133,299	$	58,800	$	41,693	$	100,493	$	8,721



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 June 30,
	2015				2014
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	39,513	$	211	$	57,588	$	241
Construction:
Land acquisition & development	8,664		12		13,563		11
Residential	338		—		785		—
Commercial	3,492		—		1,471		2
Total construction loans	12,494		12		15,819		13
Residential	3,014		1		5,852		1
Agricultural	8,572		13		9,747		25
Total real estate loans	63,593		237		89,006		280
Commercial	21,841		112		14,162		14
Agricultural	1,004		8		742		6
Total	$	86,438	$	357	$	103,910	$	300



	Six Months Ended June 30,
	2015				2014
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	40,652	$	361	$	60,870	$	457
Construction:
Land acquisition & development	8,720		22		14,554		22
Residential	302		—		1,051		—
Commercial	3,133		2		918		4
Total construction loans	12,155		24		16,523		26
Residential	2,719		2		5,969		3
Agricultural	8,666		35		9,830		29
Total real estate loans	64,192		422		93,192		515
Commercial	17,874		120		14,231		28
Agricultural	857		13		538		12
Total	$	82,923	$	555	$	107,961	$	555

Schedule of Loans Renegotiated in Troubled Debt Restructurings

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 June 30, 2015			Six Months Ended June 30, 2015
	Number of Notes	Balance		Number of Notes	Balance
Commercial Real Estate	—	$	—	1	$	1,822

The following table presents information on the Company's troubled debt restructurings that occurred during the six months ended June 30, 2015:



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Six Months Ended June 30, 2015	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other		Principal Balance at Restructure Date
Commercial	1	$	—	$	10	$	—	$	—	$	10
Total loans restructured during period	1	$	—	$	10	$	—	$	—	$	10

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 June 30, 2015	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	83,194	$	85,323	$	7,952	$	176,469
Construction:
Land acquisition & development	13,426		14,190		2,031		29,647
Residential	857		2,165		29		3,051
Commercial	—		409		3,161		3,570
Total construction loans	14,283		16,764		5,221		36,268
Residential	8,434		9,387		1,002		18,823
Agricultural	9,826		14,838		595		25,259
Total real estate loans	115,737		126,312		14,770		256,819
Consumer:
Indirect consumer	843		1,454		161		2,458
Other consumer	557		930		349		1,836
Credit card	—		—		—		—
Total consumer loans	1,400		2,384		510		4,294
Commercial	34,776		24,519		15,691		74,986
Agricultural	3,794		6,684		730		11,208
Total	$	155,707	$	159,899	$	31,701	$	347,307



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