Loans (Tables)

9 Months Ended

Sep. 30, 2016



	September 30, 2016		December 31, 2015
Real estate loans:
Commercial	$	1,843,120	$	1,793,258
Construction:
Land acquisition & development	212,680		224,066
Residential	137,014		111,763
Commercial	128,154		94,890
Total construction loans	477,848		430,719
Residential	1,047,150		1,032,851
Agricultural	172,949		156,234
Total real estate loans	3,541,067		3,413,062
Consumer:
Indirect consumer	731,901		622,529
Other consumer	153,624		153,717
Credit card	66,860		68,107
Total consumer loans	952,385		844,353
Commercial	814,392		792,416
Agricultural	152,800		142,151
Other, including overdrafts	2,292		1,339
Loans held for investment	5,462,936		5,193,321
Mortgage loans held for sale	67,979		52,875
Total loans	$	5,530,915	$	5,246,196

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, 2016	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	8,023	$	484	$	727	$	9,234	$	1,806,929	$	26,957	$	1,843,120
Construction:
Land acquisition & development	500		424		50		974		206,388		5,318		212,680
Residential	592		—		237		829		135,919		266		137,014
Commercial	3,375		57		—		3,432		123,905		817		128,154
Total construction loans	4,467		481		287		5,235		466,212		6,401		477,848
Residential	4,019		1,870		2,837		8,726		1,035,626		2,798		1,047,150
Agricultural	10		—		830		840		168,773		3,336		172,949
Total real estate loans	16,519		2,835		4,681		24,035		3,477,540		39,492		3,541,067
Consumer:
Indirect consumer	5,707		1,735		622		8,064		723,048		789		731,901
Other consumer	1,029		329		20		1,378		151,886		360		153,624
Credit card	711		261		565		1,537		65,323		—		66,860
Total consumer loans	7,447		2,325		1,207		10,979		940,257		1,149		952,385
Commercial	2,366		640		1,915		4,921		782,378		27,093		814,392
Agricultural	219		88		17		324		148,741		3,735		152,800
Other, including overdrafts	—		—		311		311		1,981		—		2,292
Loans held for investment	26,551		5,888		8,131		40,570		5,350,897		71,469		5,462,936
Mortgage loans originated for sale	—		—		—		—		67,979		—		67,979
Total loans	$	26,551	$	5,888	$	8,131	$	40,570	$	5,418,876	$	71,469	$	5,530,915



							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 acquired loans with credit impairment



Contractually required principal and interest payments	$	19,324
Contractual cash flows not expected to be collected ("non-accretable discount")	10,999
Cash flows expected to be collected	8,325
Interest component of cash flows expected to be collected ("accretable discount")	1,113
Fair value of acquired credit-impaired loans	$	7,212

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, 2016 and 2015:



As of September 30,	2016		2015

Outstanding balance	$	38,505	$	35,265

Carrying value
Loans on accrual status	23,665		22,867
Total carrying value	$	23,665	$	22,867

The following table summarizes changes in the accretable yield for loans acquired credit impaired for the three and nine months ended September 30, 2016 and 2015:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015

Beginning balance	$	5,905		$	7,482		$	6,713		$	5,781
Additions	1,114			624			1,114			1,073
Accretion income	(670		)	(845		)	(1,899		)	(2,200		)
Reductions due to exit events	(595		)	(143		)	(900		)	(539		)
Reclassifications from nonaccretable differences	729			347			1,455			3,350
Ending balance	$	6,483		$	7,465		$	6,483		$	7,465

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, 2016	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	58,137	$	16,518	$	29,451	$	45,969	$	5,868
Construction:
Land acquisition & development	12,922		4,774		1,785		6,559		828
Residential	977		266		—		266		—
Commercial	1,154		232		703		935		737
Total construction loans	15,053		5,272		2,488		7,760		1,565
Residential	5,229		2,774		1,043		3,817		142
Agricultural	3,988		3,646		26		3,672		1
Total real estate loans	82,407		28,210		33,008		61,218		7,576
Commercial	39,349		15,296		18,893		34,189		10,912
Agricultural	3,925		3,294		441		3,735		77
Total	$	125,681	$	46,800	$	52,342	$	99,142	$	18,565



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 September 30,
	2016				2015
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	33,408	$	100	$	36,075	$	226
Construction:
Land acquisition & development	6,797		13		9,325		29
Residential	274		—		330		—
Commercial	1,055		1		2,339		4
Total construction loans	8,126		14		11,994		33
Residential	3,282		4		2,607		4
Agricultural	4,786		2		8,578		27
Total real estate loans	49,602		120		59,254		290
Commercial	30,123		72		22,483		2
Agricultural	2,249		—		937		13
Total	$	81,974	$	192	$	82,674	$	305



	Nine Months Ended September 30,
	2016				2015
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized


Real estate:
Commercial	$	35,572	$	241	$	38,639	$	587
Construction:
Land acquisition & development	6,992		32		9,591		51
Residential	279		—		300		—
Commercial	1,007		3		1,902		6
Total construction loans	8,278		35		11,793		57
Residential	4,219		7		2,720		6
Agricultural	4,607		3		8,661		62
Total real estate loans	52,676		286		61,813		712
Commercial	27,781		128		18,175		122
Agricultural	2,341		—		848		26
Total	$	82,798	$	414	$	80,836	$	860

Schedule of Loans Renegotiated in Troubled Debt Restructurings



	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Three Months Ended September 30, 2016	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other (1)		Principal Balance at Restructure Date
Commercial real estate	4	$	—	$	841	$	—	$	983	$	1,824
Residential real estate	1	—		64		—		—		64
Agriculture	1	—		121		—		—		121
Total loans restructured during period	6	$	—	$	1,026	$	—	$	983	$	2,009




	Number of Notes	Type of Concession								Principal Balance at Restructure Date
Nine Months Ended September 30, 2016	Number of Notes	Interest only period		Extension of terms or maturity		Interest rate adjustment		Other (1)		Principal Balance at Restructure Date
Commercial real estate	11	$	689	$	1,166	$	—	$	1,233	$	3,088
Residential real estate	1	—		64		—		—		64
Commercial	10	4,240		947		46		2,805		8,038
Agriculture	1	—		121		—		—		121
Total loans restructured during period	23	$	4,929	$	2,298	$	46	$	4,038	$	11,311
(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, 2016			Nine Months Ended September 30, 2016
	Number of Notes	Balance		Number of Notes	Balance
Commercial real estate	—	$	—	1	$	194
Total	—	$	—	1	$	194

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, 2016	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	76,913	$	88,580	$	17,991	$	183,484
Construction:
Land acquisition & development	11,597		7,377		1,383		20,357
Residential	1,615		1,482		664		3,761
Commercial	1,616		5,891		720		8,227
Total construction loans	14,828		14,750		2,767		32,345
Residential	5,461		13,195		214		18,870
Agricultural	6,511		16,605		—		23,116
Total real estate loans	103,713		133,130		20,972		257,815
Consumer:
Indirect consumer	847		1,572		121		2,540
Other consumer	665		1,130		217		2,012
Total consumer loans	1,512		2,702		338		4,552
Commercial	42,080		31,931		19,758		93,769
Agricultural	5,563		7,792		472		13,827
Total	$	152,868	$	175,555	$	41,540	$	369,963



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