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Loans and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Loan Portfolio The various categories of loans are summarized as follows:
 
September 30,December 31,
(In thousands)20222021
Consumer:  
Credit cards$192,559 $187,052 
Other consumer180,604 168,318 
Total consumer373,163 355,370 
Real Estate:
Construction and development2,372,294 1,326,371 
Single family residential2,467,008 2,101,975 
Other commercial7,249,891 5,738,904 
Total real estate12,089,193 9,167,250 
Commercial:
Commercial2,525,218 1,992,043 
Agricultural263,539 168,717 
Total commercial2,788,757 2,160,760 
Other356,022 329,123 
Total loans$15,607,135 $12,012,503 
Nonaccrual Loans
The amortized cost basis of nonaccrual loans segregated by category of loans are as follows:

September 30,December 31,
(In thousands)20222021
Consumer:  
Credit cards$305 $377 
Other consumer306 381 
Total consumer611 758 
Real estate:
Construction and development3,285 2,296 
Single family residential22,761 19,268 
Other commercial15,382 26,953 
Total real estate41,428 48,517 
Commercial:
Commercial15,411 18,774 
Agricultural74 152 
Total commercial15,485 18,926 
Other10 3 
Total$57,534 $68,204 
Past Due Loans
An age analysis of the amortized cost basis of past due loans, including nonaccrual loans, 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		CurrentTotal
Loans		90 Days
Past Due &
Accruing
September 30, 2022      
Consumer:      
Credit cards$1,348 $267 $1,615 $190,944 $192,559 $201 
Other consumer814 119 933 179,671 180,604 — 
Total consumer2,162 386 2,548 370,615 373,163 201 
Real estate:
Construction and development1,613 1,631 3,244 2,369,050 2,372,294 — 
Single family residential11,175 11,250 22,425 2,444,583 2,467,008 — 
Other commercial5,461 8,182 13,643 7,236,248 7,249,891 — 
Total real estate18,249 21,063 39,312 12,049,881 12,089,193 — 
Commercial:
Commercial4,474 7,008 11,482 2,513,736 2,525,218 41 
Agricultural55 26 81 263,458 263,539 — 
Total commercial4,529 7,034 11,563 2,777,194 2,788,757 41 
Other— 3 3 356,019 356,022 — 
Total$24,940 $28,486 $53,426 $15,553,709 $15,607,135 $242 
(In thousands)Gross
30-89 Days
Past Due		90 Days
or More
Past Due		Total
Past Due		CurrentTotal
Loans		90 Days
Past Due &
Accruing
December 31, 2021
Consumer:
Credit cards$847 $413 $1,260 $185,792 $187,052 $247 
Other consumer1,149 130 1,279 167,039 168,318 — 
Total consumer1,996 543 2,539 352,831 355,370 247 
Real estate:
Construction and development114 504 618 1,325,753 1,326,371 — 
Single family residential11,313 9,398 20,711 2,081,264 2,101,975 102 
Other commercial2,474 12,268 14,742 5,724,162 5,738,904 — 
Total real estate13,901 22,170 36,071 9,131,179 9,167,250 102 
Commercial:
Commercial4,812 10,074 14,886 1,977,157 1,992,043 — 
Agricultural13 117 130 168,587 168,717 — 
Total commercial4,825 10,191 15,016 2,145,744 2,160,760 — 
Other— 3 3 329,120 329,123 — 
Total$20,722 $32,907 $53,629 $11,958,874 $12,012,503 $349 
Troubled Debt Restructuring
The following table presents a summary of TDRs segregated by class of loans.

 Accruing TDR LoansNonaccrual TDR LoansTotal TDR Loans
(Dollars in thousands)NumberBalanceNumberBalanceNumberBalance
September 30, 2022      
Real estate:
Single-family residential24 $1,868 12 $1,676 36 $3,544 
Other commercial1 1 — — 1 1 
Total real estate25 1,869 12 1,676 37 3,545 
Commercial:
Commercial— — 3 1,351 3 1,351 
Total commercial— — 3 1,351 3 1,351 
Total25 $1,869 15 $3,027 40 $4,896 
 Accruing TDR LoansNonaccrual TDR LoansTotal TDR Loans
(Dollars in thousands)NumberBalanceNumberBalanceNumberBalance
December 31, 2021
Real estate:
Single-family residential28 $3,087 14 $1,196 42 $4,283 
Other commercial1 766 2 48 3 814 
Total real estate29 3,853 16 1,244 45 5,097 
Commercial:
Commercial2 436 2 1,406 4 1,842 
Total commercial2 436 2 1,406 4 1,842 
Total31 $4,289 18 $2,650 49 $6,939 


The following table presents loans that were restructured as TDRs during the three and nine month periods ended September 30, 2022 and nine months ended September 30, 2021. There were no loans restructured as TDRs during the three months ended September 30, 2021.
 
(Dollars in thousands)Number of loansBalance Prior to TDRBalance at September 30,Change in Maturity DateChange in RateFinancial Impact on Date of Restructure
Three Months Ended September 30, 2022     
Real estate:
Other commercial3 $747 $727 $— $727 $— 
Total real estate3 $747 $727 $— $727 $— 
Nine Months Ended September 30, 2022
Real estate:
Other commercial4 $760 $740 $— $740 $— 
Total real estate4 $760 $740 $— $740 $— 
Nine Months Ended September 30, 2021
Real estate:
Other commercial1 $784 $778 $— $778 $— 
Total real estate1 $784 $778 $— $778 $— 
Loans by Credit Risk Ratings
The following table presents a summary of loans by credit quality indicator, as of September 30, 2022, segregated by class of loans.

Term Loans Amortized Cost Basis by Origination Year
(In thousands)2022 (YTD)20212020201920182017 and PriorLines of Credit (“LOC”) Amortized Cost BasisLOC Converted to Term Loans Amortized Cost BasisTotal
Consumer - credit cards    
Delinquency:
Current$— $— $— $— $— $— $190,944 $— $190,944 
30-89 days past due— — — — — — 1,348 — 1,348 
90+ days past due— — — — — — 267 — 267 
Total consumer - credit cards— — — — — — 192,559 — 192,559 
Consumer - other
Delinquency:
Current101,692 31,531 12,111 5,375 3,465 3,514 21,980 3 179,671 
30-89 days past due279 270 68 46 17 128 6 — 814 
90+ days past due19 26 20 12 2 31 9 — 119 
Total consumer - other101,990 31,827 12,199 5,433 3,484 3,673 21,995 3 180,604 
Real estate - C&D
Risk rating:
Pass184,664 86,225 65,254 20,346 19,807 17,516 1,963,664 340 2,357,816 
Special mention252 — — — — 42 9,074 — 9,368 
Substandard1,005 85 10 14 31 138 3,827 — 5,110 
Doubtful and loss— — — — — — — — — 
Total real estate - C&D185,921 86,310 65,264 20,360 19,838 17,696 1,976,565 340 2,372,294 
Real estate - SF residential
Delinquency:
Current544,782 426,319 265,458 162,395 216,192 509,819 314,903 4,715 2,444,583 
30-89 days past due453 1,070 1,222 420 1,786 5,435 789 — 11,175 
90+ days past due160 904 565 936 1,212 5,793 1,680 — 11,250 
Total real estate - SF residential545,395 428,293 267,245 163,751 219,190 521,047 317,372 4,715 2,467,008 
Real estate - other commercial
Risk rating:
Pass1,498,718 1,544,045 646,921 339,571 241,678 758,803 1,882,897 19,646 6,932,279 
Special mention30,970 13,928 31,702 208 6,768 37,207 49,083 — 169,866 
Substandard22,117 16,487 15,292 4,624 8,377 36,445 44,404 — 147,746 
Doubtful and loss— — — — — — — — — 
Total real estate - other commercial1,551,805 1,574,460 693,915 344,403 256,823 832,455 1,976,384 19,646 7,249,891 
Commercial
Risk rating:
Pass503,656 330,386 167,711 75,215 43,335 54,340 1,281,039 27,220 2,482,902 
Special mention51 1,080 34 58 8 963 2,042 — 4,236 
Substandard2,247 6,059 764 1,014 1,462 4,682 20,968 884 38,080 
Doubtful and loss— — — — — — — — — 
Total commercial505,954 337,525 168,509 76,287 44,805 59,985 1,304,049 28,104 2,525,218 
Commercial - agriculture
Risk rating:
Pass34,791 25,667 12,321 6,336 1,600 1,469 180,276 413 262,873 
Special mention— — — — — — — — — 
Substandard9 23 5 57 10 — 562 — 666 
Doubtful and loss— — — — — — — — — 
Total commercial - agriculture34,800 25,690 12,326 6,393 1,610 1,469 180,838 413 263,539 
Other
Delinquency:
Current96,254 30,852 8,599 5,529 20,537 26,057 167,238 953 356,019 
30-89 days past due— — — — — — — — — 
90+ days past due— — — — — 3 — — 3 
Total other96,254 30,852 8,599 5,529 20,537 26,060 167,238 953 356,022 
Total$3,022,119 $2,514,957 $1,228,057 $622,156 $566,287 $1,462,385 $6,137,000 $54,174 $15,607,135 
The following table presents a summary of loans by credit quality indicator, as of December 31, 2021, segregated by class of loans.

Term Loans Amortized Cost Basis by Origination Year
(In thousands)202120202019201820172016 and PriorLines of Credit (“LOC”) Amortized Cost BasisLOC Converted to Term Loans Amortized Cost BasisTotal
Consumer - credit cards    
Delinquency:
Current$— $— $— $— $— $— $185,792 $— $185,792 
30-89 days past due— — — — — — 847 — 847 
90+ days past due— — — — — — 413 — 413 
Total consumer - credit cards— — — — — — 187,052 — 187,052 
Consumer - other
Delinquency:
Current97,830 21,885 11,712 6,756 5,416 3,833 19,607 — 167,039 
30-89 days past due265 121 164 49 219 156 175 — 1,149 
90+ days past due23 23 28 21 13 22 — — 130 
Total consumer - other98,118 22,029 11,904 6,826 5,648 4,011 19,782 — 168,318 
Real estate - C&D
Risk rating:
Pass74,813 83,729 28,803 17,349 8,505 9,319 1,074,617 20,285 1,317,420 
Special mention— — 270 — — 47 — — 317 
Substandard191 77 16 54 324 423 5,598 1,951 8,634 
Doubtful and loss— — — — — — — — — 
Total real estate - C&D75,004 83,806 29,089 17,403 8,829 9,789 1,080,215 22,236 1,326,371 
Real estate - SF residential
Delinquency:
Current419,605 335,788 185,190 260,037 193,110 421,957 256,155 9,422 2,081,264 
30-89 days past due1,061 883 1,662 791 1,077 4,360 1,479 — 11,313 
90+ days past due27 561 507 1,199 1,358 5,104 570 72 9,398 
Total real estate - SF residential420,693 337,232 187,359 262,027 195,545 431,421 258,204 9,494 2,101,975 
Real estate - other commercial
Risk rating:
Pass1,349,746 807,701 375,824 267,696 476,029 537,493 1,409,099 164,856 5,388,444 
Special mention28,151 30,981 2,799 6,650 39,361 4,801 38,638 1,608 152,989 
Substandard28,137 10,186 5,243 10,806 30,060 27,107 53,860 32,072 197,471 
Doubtful and loss— — — — — — — — — 
Total real estate - other commercial1,406,034 848,868 383,866 285,152 545,450 569,401 1,501,597 198,536 5,738,904 
Commercial
Risk rating:
Pass455,499 187,517 80,486 57,437 36,529 57,099 1,004,971 41,885 1,921,423 
Special mention670 2,482 1,066 189 261 2,770 8,500 10,499 26,437 
Substandard3,436 18,381 4,397 1,196 578 850 8,242 7,103 44,183 
Doubtful and loss— — — — — — — — — 
Total commercial459,605 208,380 85,949 58,822 37,368 60,719 1,021,713 59,487 1,992,043 
Commercial - agriculture
Risk rating:
Pass32,780 20,230 10,253 3,646 2,364 459 98,245 327 168,304 
Special mention— — — — — — — — — 
Substandard191 25 27 53 22 3 23 69 413 
Doubtful and loss— — — — — — — — — 
Total commercial - agriculture32,971 20,255 10,280 3,699 2,386 462 98,268 396 168,717 
Other
Delinquency:
Current24,247 4,740 1,236 22,438 6,692 5,578 264,189 — 329,120 
30-89 days past due— — — — — — — — — 
90+ days past due— — — — — 3 — — 3 
Total other24,247 4,740 1,236 22,438 6,692 5,581 264,189 — 329,123 
Total$2,516,672 $1,525,310 $709,683 $656,367 $801,918 $1,081,384 $4,431,020 $290,149 $12,012,503 
Allowance for Loan Losses The collateral securing these loans consist of commercial real estate properties, residential properties, and other business assets.
(In thousands)Real Estate CollateralOther CollateralTotal
September 30, 2022
Construction and development$2,683 $— $2,683 
Single family residential1,008 — 1,008 
Other commercial real estate64,772 — 64,772 
Commercial— 8,607 8,607 
Total$68,463 $8,607 $77,070 
December 31, 2021
Construction and development$2,489 $— $2,489 
Single family residential1,838 — 1,838 
Other commercial real estate32,849 — 32,849 
Commercial— 9,913 9,913 
Total$37,176 $9,913 $47,089 


The following table details activity in the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2022. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. 

(In thousands)CommercialReal
Estate		Credit
Card		Other
Consumer
and Other		Total
Allowance for credit losses:
Three Months Ended September 30, 2022
Beginning balance, July 1, 2022$32,817 $166,481 $6,609 $6,704 $212,611 
Acquisition adjustment for PCD loans1,057 — — — 1,057 
Provision for credit loss expense(613)(17,243)1,119 840 (15,897)
Charge-offs(1,873)(130)(903)(506)(3,412)
Recoveries720 1,982 250 278 3,230 
Net (charge-offs) recoveries(1,153)1,852 (653)(228)(182)
Ending balance, September 30, 2022$32,108 $151,090 $7,075 $7,316 $197,589 
Nine Months Ended September 30, 2022
Beginning balance, January 1, 2022$17,458 $179,270 $3,987 $4,617 $205,332 
Acquisition adjustment for PCD loans1,911 3,187 — 2 5,100 
Provision for credit loss expense19,721 (33,436)5,142 3,168 (5,405)
Charge-offs(8,880)(730)(2,827)(1,438)(13,875)
Recoveries1,898 2,799 773 967 6,437 
Net (charge-offs) recoveries(6,982)2,069 (2,054)(471)(7,438)
Ending balance, September 30, 2022$32,108 $151,090 $7,075 $7,316 $197,589 
Activity in the allowance for credit losses for the three and nine months ended September 30, 2021 was as follows:

(In thousands)CommercialReal
Estate		Credit
Card		Other
Consumer
and Other		Total
Allowance for credit losses:
Three Months Ended September 30, 2021
Beginning balance, July 1, 2021$29,793 $188,388 $5,442 $3,616 $227,239 
Provision for credit loss expense(11,853)(7,668)(247)(122)(19,890)
Charge-offs(932)(5,941)(711)(463)(8,047)
Recoveries463 2,068 267 408 3,206 
Net charge-offs(469)(3,873)(444)(55)(4,841)
Ending balance, September 30, 2021$17,471 $176,847 $4,751 $3,439 $202,508 
Nine Months Ended September 30, 2021
Beginning balance, January 1, 2021$42,093 $182,868 $7,472 $5,617 $238,050 
Provision for credit loss expense(25,453)(1,948)(763)(1,737)(29,901)
Charge-offs(2,099)(8,068)(2,759)(1,577)(14,503)
Recoveries2,930 3,995 801 1,136 8,862 
Net (charge-offs) recoveries831 (4,073)(1,958)(441)(5,641)
Ending balance, September 30, 2021$17,471 $176,847 $4,751 $3,439 $202,508 
The components of the provision for credit losses for the three and nine month periods ended September 30, 2022 and 2021 were as follows:

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2022202120222021
Provision for credit losses related to:  
Loans$(15,897)$(19,890)$(5,405)$(29,901)
Unfunded commitments16,000 — 19,453 — 
Securities - HTM— — — (1,183)
Securities - AFS— — — (312)
Total$103 $(19,890)$14,048 $(31,396)
Purchased With Credit Deterioration Loans
The following table provides a summary of loans purchased during the fourth quarter of 2021 as part of the Landmark acquisition with credit deterioration at acquisition:
(In thousands)CommercialReal
Estate		Credit
Card		Other
Consumer
and Other		Total
Unpaid principal balance$11,046 $55,549 $— $67 $66,662 
PCD allowance for credit loss at acquisition(350)(2,008)— (1)(2,359)
Non-credit related discount(160)(2,415)— (2)(2,577)
Fair value of PCD loans$10,536 $51,126 $— $64 $61,726 

The following table provides a summary of loans purchased during the fourth quarter of 2021 as part of the Triumph acquisition with credit deterioration at acquisition:
(In thousands)CommercialReal
Estate		Credit
Card		Other
Consumer
and Other		Total
Unpaid principal balance$40,466 $80,803 $— $15 $121,284 
PCD allowance for credit loss at acquisition(2,999)(8,093)— — (11,092)
Non-credit related discount(279)(1,314)— (1)(1,594)
Fair value of PCD loans$37,188 $71,396 $— $14 $108,598 

The following table provides a summary of loans purchased during the second quarter of 2022 as part of the Spirit acquisition with credit deterioration at acquisition:
(In thousands)CommercialReal
Estate		Credit
Card		Other
Consumer
and Other		Total
Unpaid principal balance$8,258 $66,534 $— $59 $74,851 
PCD allowance for credit loss at acquisition(1,911)(3,187)— (2)(5,100)
Non-credit related discount(378)(998)— (1)(1,377)
Fair value of PCD loans$5,969 $62,349 $— $56 $68,374