Loans Acquired (Tables)

9 Months Ended

Sep. 30, 2019

The various categories of loans are summarized as follows:



(In thousands)	September 30, 2019		December 31, 2018
Consumer:
Credit cards	$	195,083	$	204,173
Other consumer	208,643		201,297
Total consumer	403,726		405,470
Real Estate:
Construction	1,712,858		1,300,723
Single family residential	1,448,455		1,440,443
Other commercial	3,630,708		3,225,287
Total real estate	6,792,021		5,966,453
Commercial:
Commercial	1,894,819		1,774,909
Agricultural	213,753		164,514
Total commercial	2,108,572		1,939,423
Other	339,046		119,042
Loans	9,643,365		8,430,388
Loans acquired, net of discount and allowance ⁽¹⁾	3,359,587		3,292,783
Total loans	$	13,002,952	$	11,723,171

_____________________________

(1) See Note 5, Loans Acquired, for segregation of loans acquired by loan class.

Changes in the carrying amount of the accretable yield for all purchased impaired loans were as follows for the three and nine months ended September 30, 2019 and 2018.



	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Beginning balance	$	1,461		$	3,487		$	1,460		$	4,050
Additions	—			—			—			175
Accretable yield adjustments	10			—			38			—
Accretion	(12		)	12			(39		)	39
Payments and other reductions, net	—			(422		)	—			(1,187		)
Balance, ending	$	1,459		$	3,077		$	1,459		$	3,077



	Three Months Ended September 30, 2018						Nine Months Ended September 30, 2018
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Beginning balance	$	1,382		$	13,995		$	620		$	17,116
Additions	—			—			—			—
Accretable yield adjustments	717			—			1,895			—
Accretion	(635		)	635			(1,051		)	1,051
Payments and other reductions, net	—			(9,664		)	—			(13,201		)
Balance, ending	$	1,464		$	4,966		$	1,464		$	4,966

The following table reflects the carrying value of all loans acquired as of September 30, 2019 and December 31, 2018:



	Loans Acquired
(In thousands)	September 30, 2019		December 31, 2018
Consumer:
Other consumer	$	7,431	$	15,658
Real estate:
Construction	362,000		429,605
Single family residential	504,490		566,188
Other commercial	2,134,973		1,848,679
Total real estate	3,001,463		2,844,472
Commercial:
Commercial	349,821		430,914
Agricultural	872		1,739
Total commercial	350,693		432,653
Total loans acquired ⁽¹⁾	$	3,359,587	$	3,292,783

________________________

(1) Loans acquired are reported net of a $597,000 and $95,000 allowance at September 30, 2019 and December 31, 2018, respectively.

Nonaccrual Loans

Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows:



(In thousands)	September 30, 2019		December 31, 2018
Consumer:
Credit cards	$	521	$	296
Other consumer	1,634		2,159
Total consumer	2,155		2,455
Real estate:
Construction	1,805		1,269
Single family residential	16,191		11,939
Other commercial	16,985		7,205
Total real estate	34,981		20,413
Commercial:
Commercial	35,018		10,049
Agricultural	567		1,284
Total commercial	35,585		11,333
Total	$	72,721	$	34,201

Nonaccrual loans acquired, excluding purchased credit impaired loans accounted for under ASC Topic 310-30, segregated by class of loans, are as follows (see Note 4, Loans and Allowance for Loan Losses, for discussion of nonaccrual loans):



(In thousands)	September 30, 2019		December 31, 2018

Consumer:
Other consumer	$	71	$	140
Real estate:
Construction	48		114
Single family residential	4,492		6,603
Other commercial	1,029		1,167
Total real estate	5,569		7,884
Commercial:
Commercial	1,636		13,578
Agricultural	23		38
Total commercial	1,659		13,616
Total	$	7,299	$	21,640

Past Due Loans

An age analysis of past due loans, excluding loans acquired, segregated by class of loans, is as follows:



(In thousands)	Gross 30-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90 Days Past Due & Accruing
September 30, 2019
Consumer:
Credit cards	$	958	$	650	$	1,608	$	193,475	$	195,083	$	130
Other consumer	3,383		694		4,077		204,566		208,643		14
Total consumer	4,341		1,344		5,685		398,041		403,726		144
Real estate:
Construction	3,690		613		4,303		1,708,555		1,712,858		—
Single family residential	10,022		6,395		16,417		1,432,038		1,448,455		—
Other commercial	8,009		3,385		11,394		3,619,314		3,630,708		—
Total real estate	21,721		10,393		32,114		6,759,907		6,792,021		—
Commercial:
Commercial	4,999		10,990		15,989		1,878,830		1,894,819		11
Agricultural	285		349		634		213,119		213,753		—
Total commercial	5,284		11,339		16,623		2,091,949		2,108,572		11
Other	—		—		—		339,046		339,046		—
Total	$	31,346	$	23,076	$	54,422	$	9,588,943	$	9,643,365	$	155

December 31, 2018
Consumer:
Credit cards	$	1,033	$	506	$	1,539	$	202,634	$	204,173	$	209
Other consumer	4,264		896		5,160		196,137		201,297		4
Total consumer	5,297		1,402		6,699		398,771		405,470		213
Real estate:
Construction	533		308		841		1,299,882		1,300,723		—
Single family residential	7,769		4,127		11,896		1,428,547		1,440,443		—
Other commercial	3,379		2,773		6,152		3,219,135		3,225,287		—
Total real estate	11,681		7,208		18,889		5,947,564		5,966,453		—
Commercial:
Commercial	4,472		5,105		9,577		1,765,332		1,774,909		11
Agricultural	467		1,055		1,522		162,992		164,514		—
Total commercial	4,939		6,160		11,099		1,928,324		1,939,423		11
Other	—		—		—		119,042		119,042		—
Total	$	21,917	$	14,770	$	36,687	$	8,393,701	$	8,430,388	$	224

An age analysis of past due loans acquired segregated by class of loans, is as follows (see Note 4, Loans and Allowance for Loan Losses, for discussion of past due loans):



(In thousands)	Gross 30-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90 Days Past Due & Accruing

September 30, 2019
Consumer:
Other consumer	$	131	$	36	$	167	$	7,264	$	7,431	$	4
Real estate:
Construction	30		12		42		361,958		362,000		—
Single family residential	3,664		1,790		5,454		499,036		504,490		17
Other commercial	1,888		943		2,831		2,132,142		2,134,973		—
Total real estate	5,582		2,745		8,327		2,993,136		3,001,463		17
Commercial:
Commercial	607		724		1,331		348,490		349,821		—
Agricultural	—		—		—		872		872		—
Total commercial	607		724		1,331		349,362		350,693		—

Total	$	6,320	$	3,505	$	9,825	$	3,349,762	$	3,359,587	$	21



December 31, 2018
Consumer:
Other consumer	$	337	$	49	$	386	$	15,272	$	15,658	$	2
Real estate:
Construction	8,283		27		8,310		421,295		429,605		—
Single family residential	4,706		3,049		7,755		558,433		566,188		—
Other commercial	168		577		745		1,847,934		1,848,679		—
Total real estate	13,157		3,653		16,810		2,827,662		2,844,472		—
Commercial:
Commercial	1,302		9,542		10,844		420,070		430,914		—
Agricultural	31		5		36		1,703		1,739		—
Total commercial	1,333		9,547		10,880		421,773		432,653		—

Total	$	14,827	$	13,249	$	28,076	$	3,264,707	$	3,292,783	$	2

Loans by Credit Risk Ratings

The following table presents a summary of loans by credit risk rating as of September 30, 2019 and December 31, 2018, segregated by class of loans. Loans accounted for under ASC Topic 310-30 are all included in Risk Rate 1-4 in this table.



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total
September 30, 2019
Consumer:
Credit cards	$	194,433	$	—	$	650	$	—	$	—	$	195,083
Other consumer	206,647		—		1,996		—		—		208,643
Total consumer	401,080		—		2,646		—		—		403,726
Real estate:
Construction	1,705,376		1,456		6,026		—		—		1,712,858
Single family residential	1,422,086		3,246		23,119		4		—		1,448,455
Other commercial	3,571,706		33,030		25,972		—		—		3,630,708
Total real estate	6,699,168		37,732		55,117		4		—		6,792,021
Commercial:
Commercial	1,837,374		10,420		47,025		—		—		1,894,819
Agricultural	213,072		69		612		—		—		213,753
Total commercial	2,050,446		10,489		47,637		—		—		2,108,572
Other	339,046		—		—		—		—		339,046
Loans acquired	3,272,024		46,796		40,639		128		—		3,359,587
Total	$	12,761,764	$	95,017	$	146,039	$	132	$	—	$	13,002,952



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total
December 31, 2018
Consumer:
Credit cards	$	203,667	$	—	$	506	$	—	$	—	$	204,173
Other consumer	198,840		—		2,457		—		—		201,297
Total consumer	402,507		—		2,963		—		—		405,470
Real estate:
Construction	1,296,988		1,910		1,825		—		—		1,300,723
Single family residential	1,420,052		1,628		18,528		235		—		1,440,443
Other commercial	3,193,289		17,169		14,829		—		—		3,225,287
Total real estate	5,910,329		20,707		35,182		235		—		5,966,453
Commercial:
Commercial	1,742,002		8,357		24,550		—		—		1,774,909
Agricultural	162,824		75		1,615		—		—		164,514
Total commercial	1,904,826		8,432		26,165		—		—		1,939,423
Other	119,042		—		—		—		—		119,042
Loans acquired	3,187,083		51,255		54,097		348		—		3,292,783
Total	$	11,523,787	$	80,394	$	118,407	$	583	$	—	$	11,723,171

The following table presents a summary of loans acquired by credit risk rating, segregated by class of loans (see Note 4, Loans and Allowance for Loan Losses, for discussion of loan risk rating). Loans accounted for under ASC Topic 310-30 are all included in Risk Rate 1-4 in this table.



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total

September 30, 2019
Consumer:
Other consumer	$	7,285	$	—	$	146	$	—	$	—	$	7,431
Real estate:
Construction	344,075		17,874		51		—		—		362,000
Single family residential	492,826		1,224		10,312		128		—		504,490
Other commercial	2,085,649		26,207		23,117		—		—		2,134,973
Total real estate	2,922,550		45,305		33,480		128		—		3,001,463
Commercial:
Commercial	341,385		1,491		6,945		—		—		349,821
Agricultural	804		—		68		—		—		872
Total commercial	342,189		1,491		7,013		—		—		350,693

Total	$	3,272,024	$	46,796	$	40,639	$	128	$	—	$	3,359,587



December 31, 2018
Consumer:
Other consumer	$	15,380	$	—	$	278	$	—	$	—	$	15,658
Real estate:
Construction	393,122		27,621		8,862		—		—		429,605
Single family residential	553,460		2,081		10,299		348		—		566,188
Other commercial	1,822,179		9,137		17,363		—		—		1,848,679
Total real estate	2,768,761		38,839		36,524		348		—		2,844,472
Commercial:
Commercial	401,300		12,416		17,198		—		—		430,914
Agricultural	1,642		—		97		—		—		1,739
Total commercial	402,942		12,416		17,295		—		—		432,653

Total	$	3,187,083	$	51,255	$	54,097	$	348	$	—	$	3,292,783