Loans (Tables)

3 Months Ended

Mar. 31, 2016



	March 31, 2016		December 31, 2015
Real estate loans:
Commercial	$	1,764,492	$	1,793,258
Construction:
Land acquisition & development	219,450		224,066
Residential	113,317		111,763
Commercial	102,382		94,890
Total construction loans	435,149		430,719
Residential	1,021,443		1,032,851
Agricultural	153,054		156,234
Total real estate loans	3,374,138		3,413,062
Consumer:
Indirect consumer	651,057		622,529
Other consumer	150,774		153,717
Credit card	63,624		68,107
Total consumer loans	865,455		844,353
Commercial	825,043		792,416
Agricultural	126,290		142,151
Other, including overdrafts	543		1,339
Loans held for investment	5,191,469		5,193,321
Mortgage loans held for sale	52,989		52,875
Total loans	$	5,244,458	$	5,246,196

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, 2016 and 2015:



As of March 31,	2016		2015

Outstanding balance	$	33,175	$	32,445

Carrying value
Loans on accrual status	21,064		23,909
Loans on non-accrual status	—		—
Total carrying value	$	21,064	$	23,909

The following table summarizes changes in the accretable yield for loans acquired credit impaired for the three months ended March 31, 2016 and 2015:



	Three Months Ended March 31,
	2016			2015

Beginning balance	$	6,713		$	5,781
Accretion income	(614		)	(548		)
Reductions due to exit events	(147		)	(396		)
Reclassifications from nonaccretable differences	726			2,143
Ending balance	$	6,678		$	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, 2016	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	2,302	$	2,975	$	5	$	5,282	$	1,736,374	$	22,836	$	1,764,492
Construction:
Land acquisition & development	951		351		857		2,159		210,994		6,297		219,450
Residential	96		—		—		96		112,166		1,055		113,317
Commercial	184		—		—		184		101,915		283		102,382
Total construction loans	1,231		351		857		2,439		425,075		7,635		435,149
Residential	4,804		985		1,750		7,539		1,010,803		3,101		1,021,443
Agricultural	27		—		—		27		147,423		5,604		153,054
Total real estate loans	8,364		4,311		2,612		15,287		3,319,675		39,176		3,374,138
Consumer:
Indirect consumer	4,448		1,075		188		5,711		644,517		829		651,057
Other consumer	613		226		38		877		149,419		478		150,774
Credit card	412		346		529		1,287		62,325		12		63,624
Total consumer loans	5,473		1,647		755		7,875		856,261		1,319		865,455
Commercial	2,144		763		232		3,139		799,325		22,579		825,043
Agricultural	1,972		322		451		2,745		122,782		763		126,290
Other, including overdrafts	—		5		312		317		226		—		543
Loans held for investment	17,953		7,048		4,362		29,363		5,098,269		63,837		5,191,469
Mortgage loans originated for sale	—		—		—		—		52,989		—		52,989
Total loans	$	17,953	$	7,048	$	4,362	$	29,363	$	5,151,258	$	63,837	$	5,244,458



							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2015	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	6,051	$	724	$	418	$	7,193	$	1,762,294	$	23,771	$	1,793,258
Construction:
Land acquisition & development	3,190		163		1,325		4,678		212,757		6,631		224,066
Residential	1,288		—		—		1,288		110,182		293		111,763
Commercial	3,232		—		—		3,232		90,703		955		94,890
Total construction loans	7,710		163		1,325		9,198		413,642		7,879		430,719
Residential	5,991		1,196		2,063		9,250		1,018,359		5,242		1,032,851
Agricultural	176		17		—		193		150,686		5,355		156,234
Total real estate loans	19,928		2,100		3,806		25,834		3,344,981		42,247		3,413,062
Consumer:
Indirect consumer	6,675		1,089		210		7,974		614,029		526		622,529
Other consumer	1,312		331		34		1,677		151,381		659		153,717
Credit card	533		317		477		1,327		66,768		12		68,107
Total consumer loans	8,520		1,737		721		10,978		832,178		1,197		844,353
Commercial	8,493		1,060		699		10,252		759,851		22,313		792,416
Agricultural	879		152		62		1,093		140,430		628		142,151
Other, including overdrafts	—		—		314		314		1,025		—		1,339
Loans held for investment	37,820		5,049		5,602		48,471		5,078,465		66,385		5,193,321
Mortgage loans originated for sale	—		—		—		—		52,875		—		52,875
Total loans	$	37,820	$	5,049	$	5,602	$	48,471	$	5,131,340	$	66,385	$	5,246,196

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, 2016	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	55,222	$	25,759	$	18,117	$	43,876	$	4,526
Construction:
Land acquisition & development	15,252		7,742		322		8,064		150
Residential	988		282		—		282		—
Commercial	1,370		446		731		1,177		739
Total construction loans	17,610		8,470		1,053		9,523		889
Residential	5,664		3,019		1,152		4,171		160
Agricultural	6,685		5,816		201		6,017		7
Total real estate loans	85,181		43,064		20,523		63,587		5,582
Commercial	28,782		8,113		16,150		24,263		8,176
Agricultural	908		250		544		794		189
Total	$	114,871	$	51,427	$	37,217	$	88,644	$	13,947



As of December 31, 2015	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	58,179	$	27,882	$	17,614	$	45,496	$	3,401
Construction:
Land acquisition & development	15,503		7,245		778		8,023		282
Residential	992		293		—		293		—
Commercial	1,264		340		739		1,079		739
Total construction loans	17,759		7,878		1,517		9,395		1,021
Residential	7,073		3,547		2,317		5,864		367
Agricultural	6,434		5,563		198		5,761		5
Total real estate loans	89,445		44,870		21,646		66,516		4,794
Commercial	29,593		10,744		13,727		24,471		6,487
Agricultural	1,349		622		356		978		294
Total	$	120,387	$	56,236	$	35,729	$	91,965	$	11,575

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



	Three Months Ended March 31,
	2016				2015
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	33,483	$	36	$	42,077	$	150
Construction:
Land acquisition & development	7,508		7		8,930		10
Residential	288		—		308		—
Commercial	1,067		—		3,055		2
Total construction loans	8,863		7		12,293		12
Residential	4,206		1		3,127		1
Agricultural	5,748		1		8,655		22
Total real estate loans	52,300		45		66,152		185
Commercial	23,379		15		17,533		8
Agricultural	856		—		914		5
Total	$	76,535	$	60	$	84,599	$	198

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 March 31, 2016
	Number of Notes	Balance
Commercial Real Estate	1	$	203
Total	1	$	203



	Number of Notes	Type of Concession				Principal Balance at Restructure Date
Three Months Ended March 31, 2016	Number of Notes	Interest only period		Extension of terms or maturity		Principal Balance at Restructure Date
Commercial Real Estate	3	$	576	$	204	$	780
Total loans restructured during period	3	$	576	$	204	$	780

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, 2016	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	77,147	$	82,536	$	14,311	$	173,994
Construction:
Land acquisition & development	11,854		11,226		1,515		24,595
Residential	2,003		389		—		2,392
Commercial	4,056		429		748		5,233
Total construction loans	17,913		12,044		2,263		32,220
Residential	5,681		10,107		477		16,265
Agricultural	7,519		18,920		—		26,439
Total real estate loans	108,260		123,607		17,051		248,918
Consumer:
Indirect consumer	704		1,446		144		2,294
Other consumer	1,024		914		211		2,149
Total consumer loans	1,728		2,360		355		4,443
Commercial	31,392		34,039		16,629		82,060
Agricultural	3,613		7,820		543		11,976
Total	$	144,993	$	167,826	$	34,578	$	347,397



As of December 31, 2015	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	61,787	$	84,556	$	10,609	$	156,952
Construction:
Land acquisition & development	16,593		12,482		591		29,666
Residential	1,640		1,886		—		3,526
Commercial	166		323		756		1,245
Total construction loans	18,399		14,691		1,347		34,437
Residential	4,453		9,661		2,540		16,654
Agricultural	6,114		16,529		—		22,643
Total real estate loans	90,753		125,437		14,496		230,686
Consumer:
Indirect consumer	644		1,131		154		1,929
Other consumer	651		1,130		198		1,979
Total consumer loans	1,295		2,261		352		3,908
Commercial	32,975		27,982		15,085		76,042
Agricultural	2,247		7,105		417		9,769
Total	$	127,270	$	162,785	$	30,350	$	320,405