Loans (Tables)

9 Months Ended

Sep. 30, 2015



	September 30, 2015		December 31, 2014
Real estate loans:
Commercial	$	1,750,797	$	1,639,422
Construction:
Land acquisition & development	212,990		220,443
Residential	112,495		96,580
Commercial	93,775		101,246
Total construction loans	419,260		418,269
Residential	1,020,445		999,903
Agricultural	163,116		167,659
Total real estate loans	3,353,618		3,225,253
Consumer:
Indirect consumer	616,142		552,863
Other consumer	150,170		144,141
Credit card	65,649		65,467
Total consumer loans	831,961		762,471
Commercial	778,648		740,073
Agricultural	154,855		124,859
Other, including overdrafts	1,712		3,959
Loans held for investment	5,120,794		4,856,615
Mortgage loans held for sale	55,686		40,828
Total loans	$	5,176,480	$	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 September 30, 2015 and 2014:



As of September 30,	2015		2014

Outstanding balance	$	35,265	$	42,627

Carrying value
Loans on accrual status	22,867		32,350
Loans on non-accrual status	—		—
Total carrying value	$	22,867	$	32,350

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014

Beginning balance	$	7,482		$	—		$	5,781		$	—
Additions	624			5,233			1,073			5,233
Accretion income	(845		)	(289		)	(2,200		)	(289		)
Reductions due to exit events	(143		)	(16		)	(539		)	(16		)
Reclassifications from nonaccretable differences	347			—			3,350			—
Ending balance	$	7,465		$	4,928		$	7,465		$	4,928

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 September 30, 2015	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	5,968	$	664	$	398	$	7,030	$	1,720,928	$	22,839	$	1,750,797
Construction:
Land acquisition & development	4,495		6,530		44		11,069		192,819		9,102		212,990
Residential	1,011		134		—		1,145		111,021		329		112,495
Commercial	—		—		—		—		92,792		983		93,775
Total construction loans	5,506		6,664		44		12,214		396,632		10,414		419,260
Residential	5,639		2,355		761		8,755		1,009,119		2,571		1,020,445
Agricultural	881		—		—		881		155,443		6,792		163,116
Total real estate loans	17,994		9,683		1,203		28,880		3,282,122		42,616		3,353,618
Consumer:
Indirect consumer	3,991		683		91		4,765		610,641		736		616,142
Other consumer	1,012		264		25		1,301		148,119		750		150,170
Credit card	402		325		518		1,245		64,391		13		65,649
Total consumer loans	5,405		1,272		634		7,311		823,151		1,499		831,961
Commercial	3,440		717		1,083		5,240		751,769		21,639		778,648
Agricultural	281		—		126		407		153,843		605		154,855
Other, including overdrafts	—		—		311		311		1,401		—		1,712
Loans held for investment	27,120		11,672		3,357		42,149		5,012,286		66,359		5,120,794
Mortgage loans originated for sale	—		—		—		—		55,686		—		55,686
Total loans	$	27,120	$	11,672	$	3,357	$	42,149	$	5,067,972	$	66,359	$	5,176,480



							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 September 30, 2015	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	55,910	$	26,265	$	17,131	$	43,396	$	1,451
Construction:
Land acquisition & development	19,349		9,509		1,212		10,721		254
Residential	1,037		329		—		329		—
Commercial	1,290		369		740		1,109		740
Total construction loans	21,676		10,207		1,952		12,159		994
Residential	3,664		2,186		645		2,831		148
Agricultural	9,043		6,407		2,191		8,598		708
Total real estate loans	90,293		45,065		21,919		66,984		3,301
Commercial	28,653		10,315		13,461		23,776		5,154
Agricultural	2,043		367		1,106		1,473		462
Total	$	120,989	$	55,747	$	36,486	$	92,233	$	8,917



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


Real estate:
Commercial	$	36,075	$	226	$	53,492	$	211
Construction:
Land acquisition & development	9,325		29		11,611		11
Residential	330		—		304		—
Commercial	2,339		4		2,709		2
Total construction loans	11,994		33		14,624		13
Residential	2,607		4		4,773		1
Agricultural	8,578		27		9,031		25
Total real estate loans	59,254		290		81,920		250
Commercial	22,483		2		14,252		14
Agricultural	937		13		906		6
Total	$	82,674	$	305	$	97,078	$	270



	Nine Months Ended September 30,
	2015				2014
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	38,639	$	587	$	57,743	$	668
Construction:
Land acquisition & development	9,591		51		13,529		33
Residential	300		—		799		—
Commercial	1,902		6		1,520		6
Total construction loans	11,793		57		15,848		39
Residential	2,720		6		5,537		4
Agricultural	8,661		62		10,223		54
Total real estate loans	61,813		712		89,351		765
Commercial	18,175		122		14,001		42
Agricultural	848		26		707		18
Total	$	80,836	$	860	$	104,059	$	825

Schedule of Loans Renegotiated in Troubled Debt Restructurings



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Three Months Ended September 30, 2015	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other (1)		Principal Balance at Restructure Date
Residential Construction	1	$	—	$	—	$	—	$	67	$	67
Indirect consumer	2	—		—		—		31		31
Commercial	8	—		8,744		2,959		463		12,166
Total loans restructured during period	11	$	—	$	8,744	$	2,959	$	561	$	12,264
(1) Other includes concessions that reduce or defer payments for a specified period of time and/or do not fit into other designated categories.



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Nine Months Ended September 30, 2015	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other		Principal Balance at Restructure Date
Residential Construction	1	$	—	$	—	$	—	$	67	$	67
Indirect Consumer	2	—		—		—		31		31
Commercial	9	—		8,754		2,959		463		12,176
Total loans restructured during period	12	$	—	$	8,754	$	2,959	$	561	$	12,274
(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 September 30, 2015			Nine Months Ended September 30, 2015
	Number of Notes	Balance		Number of Notes	Balance
Commercial Real Estate	—	$	—	1	$	1,745
Commercial	3	264		3	264
Total	3	$	264	4	$	2,009

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 September 30, 2015	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	76,483	$	86,047	$	5,095	$	167,625
Construction:
Land acquisition & development	14,928		16,137		630		31,695
Residential	1,230		2,219		27		3,476
Commercial	—		352		757		1,109
Total construction loans	16,158		18,708		1,414		36,280
Residential	6,016		12,117		645		18,778
Agricultural	8,549		16,095		612		25,256
Total real estate loans	107,206		132,967		7,766		247,939
Consumer:
Indirect consumer	774		1,180		164		2,118
Other consumer	687		928		307		1,922
Credit card	—		—		—		—
Total consumer loans	1,461		2,108		471		4,040
Commercial	43,384		21,213		15,638		80,235
Agricultural	3,106		7,558		672		11,336
Total	$	155,157	$	163,846	$	24,547	$	343,550



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