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Loans (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Schedule of Loans by Class
The following table presents loans by class as of the dates indicated:
 
September 30,
2018
 
December 31,
2017
Real estate loans:
 
 
 
Commercial
$
3,213.1

 
$
2,822.9

Construction:
 
 
 
Land acquisition & development
314.5

 
348.7

Residential
250.6

 
240.2

Commercial
219.6

 
119.4

Total construction loans
784.7

 
708.3

Residential
1,581.2

 
1,487.4

Agricultural
217.8

 
158.2

Total real estate loans
5,796.8

 
5,176.8

Consumer:
 
 
 
Indirect consumer
800.8

 
784.7

Other consumer
198.1

 
175.1

Credit card
79.4

 
74.6

Total consumer loans
1,078.3

 
1,034.4

Commercial
1,337.2

 
1,215.4

Agricultural
264.8

 
136.2

Other, including overdrafts
3.2

 
4.9

Loans held for investment
8,480.3

 
7,567.7

Mortgage loans held for sale
37.7

 
46.6

Total loans
$
8,518.0

 
$
7,614.3
Schedule of Recorded Investment in Past Due Loans by Class
The following tables present the Company’s recorded investment and contractual aging of the Company’s recorded investment in loans by class as of the dates indicated. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due.
 
 
 
 
Total Loans
 
 
 
 
30 - 59
60 - 89
> 90
30 or More
 
 
 
 
Days
Days
Days
Days
Current
Non-accrual
Total
As of September 30, 2018
Past Due
Past Due
Past Due
Past Due
Loans
Loans
Loans
Real estate
 
 
 
 
 
 
 
Commercial
$
9.6

$
3.0

$
0.5

$
13.1

$
3,185.0

$
15.0

$
3,213.1

Construction:
 
 
 
 
 
 
 
Land acquisition & development
0.7

0.7

0.4

1.8

309.0

3.7

314.5

Residential
3.4

0.4

—

3.8

246.2

0.6

250.6

Commercial
5.3

—

—

5.3

210.7

3.6

219.6

Total construction loans
9.4

1.1

0.4

10.9

765.9

7.9

784.7

Residential
3.2

7.3

1.8

12.3

1,562.5

6.4

1,581.2

Agricultural
1.3

—

0.3

1.6

203.6

12.6

217.8

Total real estate loans
23.5

11.4

3.0

37.9

5,717.0

41.9

5,796.8

Consumer:
 
 
 
 
 
 
 
Indirect consumer
5.0

1.2

0.2

6.4

792.6

1.8

800.8

Other consumer
1.1

0.4

0.2

1.7

196.0

0.4

198.1

Credit card
0.6

0.4

0.8

1.8

77.6

—

79.4

Total consumer loans
6.7

2.0

1.2

9.9

1,066.2

2.2

1,078.3

Commercial
4.1

2.0

0.8

6.9

1,315.3

15.0

1,337.2

Agricultural
2.7

0.7

0.2

3.6

259.1

2.1

264.8

Other, including overdrafts
—

—

—

—

3.2

—

3.2

Loans held for investment
37.0

16.1

5.2

58.3

8,360.8

61.2

8,480.3

Mortgage loans originated for sale
—

—

—

—

37.7

—

37.7

Total loans
$
37.0

$
16.1

$
5.2

$
58.3

$
8,398.5

$
61.2

$
8,518.0

 
 
 
 
Total Loans
 
 
 
 
30 - 59
60 - 89
> 90
30 or More
 
 
 
 
Days
Days
Days
Days
Current
Non-accrual
Total
As of December 31, 2017
Past Due
Past Due
Past Due
Past Due
Loans
Loans
Loans
Real estate
 
 
 
 
 
 
 
Commercial
$
2.9

$
0.5

$
0.3

$
3.7

$
2,792.4

$
26.8

$
2,822.9

Construction:
 
 
 
 
 
 
 
Land acquisition & development
7.3

0.3

0.3

7.9

337.8

3.0

348.7

Residential
2.1

—

—

2.1

236.4

1.7

240.2

Commercial
—

—

—

—

115.6

3.8

119.4

Total construction loans
9.4

0.3

0.3

10.0

689.8

8.5

708.3

Residential
13.3

1.4

0.4

15.1

1,464.1

8.2

1,487.4

Agricultural
0.3

—

0.2

0.5

154.3

3.4

158.2

Total real estate loans
25.9

2.2

1.2

29.3

5,100.6

46.9

5,176.8

Consumer:
 
 
 
 
 
 
 
Indirect consumer
7.8

2.1

0.4

10.3

772.6

1.8

784.7

Other consumer
1.6

0.5

0.1

2.2

172.6

0.3

175.1

Credit card
0.9

0.6

0.7

2.2

72.4

—

74.6

Total consumer loans
10.3

3.2

1.2

14.7

1,017.6

2.1

1,034.4

Commercial
3.9

1.7

0.7

6.3

1,189.5

19.6

1,215.4

Agricultural
1.8

0.1

—

1.9

133.5

0.8

136.2

Other, including overdrafts
—

—

—

—

4.9

—

4.9

Loans held for investment
41.9

7.2

3.1

52.2

7,446.1

69.4

7,567.7

Mortgage loans originated for sale
—

—

—

—

46.6

—

46.6

Total loans
$
41.9

$
7.2

$
3.1

$
52.2

$
7,492.7

$
69.4

$
7,614.3
Schedule of Acquired Loans with Credit Impairment
Information regarding Cascade loans acquired deemed credit-impaired as of the May 30, 2017 acquisition date is as follows:
Contractually required principal and interest payments
$
49.7

Contractual cash flows not expected to be collected (“non-accretable discount”)
24.7

Cash flows expected to be collected
25.0

Interest component of cash flows expected to be collected (“accretable discount”)
1.9

Fair value of acquired credit-impaired loans
$
23.1

Contractually required principal and interest payments
$
27.5

Contractual cash flows not expected to be collected (“non-accretable discount”)
4.4

Cash flows expected to be collected
23.1

Interest component of cash flows expected to be collected (“accretable discount”)
3.2

Fair value of acquired credit-impaired loans
$
19.9

The following table displays the outstanding unpaid balances and accrual status of loans acquired with credit impairment as of September 30, 2018 and 2017:    
 
As of September 30,
 
2018
 
2017
Outstanding balance
$
49.3

 
$
46.2

Carrying value
 
 
 
Loans on accrual status
35.5

 
30.8

Total carrying value
$
35.5

 
$
30.8


    
The following table summarizes changes in the accretable yield for loans acquired deemed credit impaired for the three and nine months ended September 30, 2018 and 2017:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
2017
 
2018
2017
Beginning balance
$
6.5

$
7.7

 
$
7.3

$
6.8

Acquisitions
3.2

—

 
3.2

—

Additions
—

0.2

 
0.4

2.1

Accretion income
(0.7
)
(0.9
)
 
(2.4
)
(2.1
)
Reductions due to exit events
(0.1
)
(0.1
)
 
(0.6
)
(1.1
)
Reclassifications from nonaccretable differences
0.6

0.5

 
1.6

1.7

Ending balance
$
9.5

$
7.4

 
$
9.5

$
7.4
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, 2018
Unpaid
Total
Principal
Balance
Recorded
Investment
With No
Allowance
Recorded
Investment
With
Allowance
Total
Recorded
Investment
Related
Allowance
Real estate:
 
 
 
 
 
Commercial
$
29.1

$
12.5

$
8.7

$
21.2

$
1.7

Construction:
 
 
 
 
 
Land acquisition & development
10.4

0.7

3.5

4.2

0.2

Residential
0.7

0.2

0.4

0.6

0.1

Commercial
4.4

0.2

3.3

3.5

1.2

Total construction loans
15.5

1.1

7.2

8.3

1.5

Residential
8.8

5.6

2.1

7.7

0.4

Agricultural
12.8

12.6

—

12.6

—

Total real estate loans
66.2

31.8

18.0

49.8

3.6

Commercial
24.1

5.2

15.2

20.4

4.4

Agricultural
2.2

1.7

0.5

2.2

0.2

Total
$
92.5

$
38.7

$
33.7

$
72.4

$
8.2


As of December 31, 2017
Unpaid
Total
Principal
Balance
Recorded
Investment
With No
Allowance
Recorded
Investment
With
Allowance
Total
Recorded
Investment
Related
Allowance
Real estate:
 
 
 
 
 
Commercial
$
45.6

$
20.9

$
14.1

$
35.0

$
3.9

Construction:
 
 
 
 
 
Land acquisition & development
10.0

3.4

0.5

3.9

—

Residential
1.8

1.7

—

1.7

—

Commercial
4.7

0.4

3.5

3.9

2.2

Total construction loans
16.5

5.5

4.0

9.5

2.2

Residential
11.5

8.2

2.0

10.2

0.1

Agricultural
3.7

3.6

—

3.6

—

Total real estate loans
77.3

38.2

20.1

58.3

6.2

Commercial
29.5

12.4

11.4

23.8

4.4

Agricultural
1.1

0.8

0.3

1.1

0.2

Total
$
107.9

$
51.4

$
31.8

$
83.2

$
10.8


The following table presents the average recorded investment in and income recognized on impaired loans for the periods indicated:
 
Three Months Ended September 30,
 
2018
 
2017
 
 Average Recorded Investment
 
 Income Recognized
 
 Average Recorded Investment
 
 Income Recognized
Real estate
$
54.5

 
$
—

 
$
59.9

 
$
0.1

Commercial
20.7

 
—

 
31.6

 
—

Agricultural
1.9

 
—

 
2.3

 
—

Total
$
77.1

 
$
—

 
$
93.8

 
$
0.1
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, 2018
Other Assets
Especially
Mentioned
Substandard
Doubtful
Total
Criticized
Loans
Real estate:
 
 
 
 
Commercial
$
108.1

$
81.4

$
4.8

$
194.3

Construction:
 
 
 
 
Land acquisition & development
5.4

7.0

3.3

15.7

Residential
4.1

0.3

0.4

4.8

Commercial
1.5

3.7

3.4

8.6

Total construction loans
11.0

11.0

7.1

29.1

Residential
5.5

11.0

1.1

17.6

Agricultural
8.4

24.6

—

33.0

Total real estate loans
133.0

128.0

13.0

274.0

Consumer:
 
 
 
 
Indirect consumer
0.8

2.2

0.1

3.1

Other consumer
0.4

0.8

0.1

1.3

Total consumer loans
1.2

3.0

0.2

4.4

Commercial
50.6

48.6

11.2

110.4

Agricultural
14.1

21.5

0.5

36.1

Total
$
198.9

$
201.1

$
24.9

$
424.9

As of December 31, 2017
Other Assets
Especially
Mentioned
Substandard
Doubtful
Total
Criticized
Loans
Real estate:
 
 
 
 
Commercial
$
78.0

$
96.4

$
10.3

$
184.7

Construction:
 
 
 
 
Land acquisition & development
3.2

16.4

—

19.6

Residential
2.3

1.7

0.5

4.5

Commercial
2.4

3.6

3.5

9.5

Total construction loans
7.9

21.7

4.0

33.6

Residential
3.9

12.5

1.9

18.3

Agricultural
4.3

19.1

—

23.4

Total real estate loans
94.1

149.7

16.2

260.0

Consumer:
 
 
 
 
Indirect consumer
0.8

2.2

0.3

3.3

Other consumer
0.4

0.7

0.2

1.3

Total consumer loans
1.2

2.9

0.5

4.6

Commercial
54.7

56.3

11.1

122.1

Agricultural
5.1

8.3

0.4

13.8

Total
$
155.1

$
217.2

$
28.2

$
400.5