Loans (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of Loans by Class

The following table presents loans by class as of the dates indicated:

	March 31, 2019		December 31, 2018
Real estate loans:
Commercial	$	3,255.8	$	3,235.4
Construction:
Land acquisition & development	292.7		321.6
Residential	233.1		242.8
Commercial	312.1		274.3
Total construction loans	837.9		838.7
Residential	1,529.5		1,542.0
Agricultural	210.4		217.4
Total real estate loans	5,833.6		5,833.5
Consumer:
Indirect consumer	775.7		787.8
Other consumer	194.1		200.6
Credit card	77.2		81.8
Total consumer loans	1,047.0		1,070.2
Commercial	1,342.1		1,310.3
Agricultural	234.7		254.8
Other, including overdrafts	1.8		1.6
Loans held for investment	8,459.2		8,470.4
Mortgage loans held for sale	34.0		33.3
Total loans	$	8,493.2	$	8,503.7

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 March 31, 2019	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	12.6	$	7.2	$	2.5	$	22.3	$	3,222.4	$	11.1	$	3,255.8
Construction:
Land acquisition & development	1.2		0.7		0.4		2.3		286.6		3.8		292.7
Residential	2.2		—		—		2.2		229.6		1.3		233.1
Commercial	—		—		—		—		311.9		0.2		312.1
Total construction loans	3.4		0.7		0.4		4.5		828.1		5.3		837.9
Residential	4.6		1.6		0.2		6.4		1,517.2		5.9		1,529.5
Agricultural	4.0		0.9		0.3		5.2		202.8		2.4		210.4
Total real estate loans	24.6		10.4		3.4		38.4		5,770.5		24.7		5,833.6
Consumer:
Indirect consumer	6.5		1.1		0.5		8.1		765.6		2.0		775.7
Other consumer	1.4		0.7		0.3		2.4		191.2		0.5		194.1
Credit card	0.6		0.5		0.7		1.8		75.4		—		77.2
Total consumer loans	8.5		2.3		1.5		12.3		1,032.2		2.5		1,047.0
Commercial	4.0		4.1		1.7		9.8		1,317.0		15.3		1,342.1
Agricultural	1.3		1.3		0.5		3.1		229.0		2.6		234.7
Other, including overdrafts	—		—		—		—		1.8		—		1.8
Loans held for investment	38.4		18.1		7.1		63.6		8,350.5		45.1		8,459.2
Mortgage loans originated for sale	—		—		—		—		34.0		—		34.0
Total loans	$	38.4	$	18.1	$	7.1	$	63.6	$	8,384.5	$	45.1	$	8,493.2

							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2018	Past Due		Past Due		Past Due		Past Due		Loans		Loans		Loans
Real estate
Commercial	$	10.4	$	1.0	$	0.8	$	12.2	$	3,214.0	$	9.2	$	3,235.4
Construction:
Land acquisition & development	1.6		0.1		0.2		1.9		316.0		3.7		321.6
Residential	1.0		0.4		—		1.4		240.4		1.0		242.8
Commercial	0.4		—		—		0.4		273.7		0.2		274.3
Total construction loans	3.0		0.5		0.2		3.7		830.1		4.9		838.7
Residential	8.8		1.1		0.2		10.1		1,525.3		6.6		1,542.0
Agricultural	2.2		—		—		2.2		202.6		12.6		217.4
Total real estate loans	24.4		2.6		1.2		28.2		5,772.0		33.3		5,833.5
Consumer:
Indirect consumer	6.8		2.1		0.4		9.3		776.8		1.7		787.8
Other consumer	1.4		0.5		0.1		2.0		198.1		0.5		200.6
Credit card	0.9		0.4		0.8		2.1		79.7		—		81.8
Total consumer loans	9.1		3.0		1.3		13.4		1,054.6		2.2		1,070.2
Commercial	8.3		1.2		1.3		10.8		1,283.7		15.8		1,310.3
Agricultural	2.1		0.3		—		2.4		249.4		3.0		254.8
Other, including overdrafts	—		—		—		—		1.6		—		1.6
Loans held for investment	43.9		7.1		3.8		54.8		8,361.3		54.3		8,470.4
Mortgage loans originated for sale	—		—		—		—		33.3		—		33.3
Total loans	$	43.9	$	7.1	$	3.8	$	54.8	$	8,394.6	$	54.3	$	8,503.7

Schedule of Acquired Loans with Credit Impairment

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 the dates indicated:    

	March 31, 2019		December 31, 2018
Outstanding balance	$	40.9	$	43.4
Carrying value
Loans on accrual status	28.0		30.2
Total carrying value	$	28.0	$	30.2

The following table summarizes changes in the accretable yield for loans acquired deemed credit impaired for the three month periods ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Beginning balance	$	8.9		$	7.3
Accretion income	(0.7		)	(0.7		)
Reductions due to exit events	(0.3		)	(0.2		)
Reclassifications from non-accretable differences	0.5			0.8
Ending balance	$	8.4		$	7.2

Schedule of Recorded Investment in Impaired Loans

The following tables present information on the Company’s recorded investment in impaired loans as of the dates indicated:

As of March 31, 2019	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	27.0	$	10.7	$	10.6	$	21.3	$	0.7
Construction:
Land acquisition & development	10.0		0.4		3.4		3.8		0.3
Residential	1.5		0.9		0.4		1.3		—
Commercial	0.6		0.1		—		0.1		—
Total construction loans	12.1		1.4		3.8		5.2		0.3
Residential	8.9		4.2		3.3		7.5		0.5
Agricultural	2.7		2.4		0.2		2.6		—
Total real estate loans	50.7		18.7		17.9		36.6		1.5
Commercial	24.3		5.8		14.0		19.8		5.1
Agricultural	5.0		1.6		3.2		4.8		0.5
Total	$	80.0	$	26.1	$	35.1	$	61.2	$	7.1

As of December 31, 2018	Unpaid Total Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Real estate:
Commercial	$	22.2	$	8.6	$	7.7	$	16.3	$	0.7
Construction:
Land acquisition & development	10.0		0.4		3.5		3.9		0.2
Residential	1.1		0.6		0.4		1.0		0.1
Commercial	0.7		0.2		—		0.2		—
Total construction loans	11.8		1.2		3.9		5.1		0.3
Residential	8.8		5.7		2.0		7.7		0.3
Agricultural	12.9		12.5		0.2		12.7		—
Total real estate loans	55.7		28.0		13.8		41.8		1.3
Commercial	24.1		5.5		14.4		19.9		5.2
Agricultural	3.2		2.5		0.6		3.1		0.3
Total	$	83.0	$	36.0	$	28.8	$	64.8	$	6.8

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

	Three Months Ended March 31,
	2019				2018
	Average Recorded Investment		Income Recognized		Average Recorded Investment		Income Recognized
Real estate	$	39.3	$	—	$	56.1	$	—
Commercial	19.9		—		22.1		—
Agricultural	3.9		—		1.5		—
Total	$	63.1	$	—	$	79.7	$	—

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, 2019	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	100.4	$	90.9	$	2.8	$	194.1
Construction:
Land acquisition & development	5.1		2.2		3.4		10.7
Residential	0.9		2.2		0.9		4.0
Commercial	1.8		4.1		—		5.9
Total construction loans	7.8		8.5		4.3		20.6
Residential	2.6		8.9		1.9		13.4
Agricultural	15.7		18.0		0.1		33.8
Total real estate loans	126.5		126.3		9.1		261.9
Consumer:
Indirect consumer	0.3		2.7		0.1		3.1
Direct consumer	0.3		0.8		0.1		1.2
Total consumer loans	0.6		3.5		0.2		4.3
Commercial	42.3		46.5		11.3		100.1
Agricultural	16.8		18.3		1.1		36.2
Total	$	186.2	$	194.6	$	21.7	$	402.5

As of December 31, 2018	Other Assets Especially Mentioned		Substandard		Doubtful		Total Criticized Loans
Real estate:
Commercial	$	102.5	$	87.4	$	2.9	$	192.8
Construction:
Land acquisition & development	5.0		7.0		3.3		15.3
Residential	2.8		2.0		0.4		5.2
Commercial	1.7		3.9		—		5.6
Total construction loans	9.5		12.9		3.7		26.1
Residential	3.0		10.8		0.7		14.5
Agricultural	9.0		24.0		0.1		33.1
Total real estate loans	124.0		135.1		7.4		266.5
Consumer:
Indirect consumer	0.7		2.1		0.1		2.9
Direct consumer	0.3		0.8		0.1		1.2
Total consumer loans	1.0		2.9		0.2		4.1
Commercial	39.4		45.8		11.8		97.0
Agricultural	14.4		17.8		1.5		33.7
Total	$	178.8	$	201.6	$	20.9	$	401.3