XML 35 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Purchased Credit Impaired ("PCI") Loans (Tables)
 6 Months Ended
Jun. 30, 2018
Covered Loans [Line Items]  
Rollforward of PCI Loans, Net of Allowance for Loan Losses
The following table is a roll forward of PCI loans, net of the allowance for loan losses, for the six months ended June 30, 2018 and 2017.

(in thousands)
Contractual Cashflows
 
Non-accretable Difference
 
Accretable Yield
 
Carrying Amount
Balance December 31, 2017
$
112,710

 
$
29,005

 
$
13,964

 
$
69,741

Principal reductions and interest payments
(22,667
)
 
—

 
—

 
(22,667
)
Accretion of loan discount
—

 
—

 
(3,400
)
 
3,400

Changes in contractual and expected cash flows due to remeasurement
3,281

 
(8,771
)
 
4,124

 
7,928

Balance June 30, 2018
$
93,324

 
$
20,234


$
14,688


$
58,402

 
 
 
 
 
 
 
 
Balance December 31, 2016
$
66,003

 
$
18,902

 
$
13,176

 
$
33,925

Acquisitions
68,763

 
14,296

 
5,312

 
49,155

Principal reductions and interest payments
(10,781
)
 
—

 
—

 
(10,781
)
Accretion of loan discount
—

 
—

 
(3,534
)
 
3,534

Changes in contractual and expected cash flows due to remeasurement
5,641

 
(1,383
)
 
1,328

 
5,696

Reductions due to disposals
(5,070
)
 
(1,317
)
 
(1,398
)
 
(2,355
)
Balance June 30, 2017
$
124,556

 
$
30,498


$
14,884


$
79,174
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at June 30, 2018 and December 31, 2017:
 
 
June 30, 2018
 
December 31, 2017
(in thousands)
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
 
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
Commercial and industrial
6.47
$
2,711

 
6.38
$
3,212

Real estate:
 
 
 
 
 
Commercial - investor owned
7.37
30,539

 
7.36
42,887

Commercial - owner occupied
7.02
13,269

 
6.48
11,332

Construction and land development
6.02
5,121

 
5.99
5,883

Residential
6.05
9,102

 
5.99
10,781

Consumer and other
5.20
23

 
2.84
59

Total
 
$
60,765

 
 
$
74,154

1Risk ratings are based on the borrower's contractual obligation, which is not reflective of the purchase discount.
Summary of Aging of Recorded Investment in Past Due PCI Loans by Portfolio Class and Category
The aging of the recorded investment in past due PCI loans by portfolio class and category at June 30, 2018 and December 31, 2017 is shown below:

 
June 30, 2018
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
—

 
$
—

 
$
—

 
$
2,711

 
$
2,711

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
685

 
—

 
685

 
29,854

 
30,539

Commercial - owner occupied
735

 
728

 
1,463

 
11,806

 
13,269

Construction and land development
149

 
—

 
149

 
4,972

 
5,121

Residential
37

 
275

 
312

 
8,790

 
9,102

Consumer and other
1

 
—

 
1

 
22

 
23

Total
$
1,607

 
$
1,003


$
2,610


$
58,155


$
60,765


 
December 31, 2017
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
Commercial and industrial
$
—

 
$
—

 
$
—

 
$
3,212

 
$
3,212

Real estate:
 
 
 
 
 
 
 
 
 
Commercial - investor owned
—

 
3,034

 
3,034

 
39,853

 
42,887

Commercial - owner occupied
—

 
673

 
673

 
10,659

 
11,332

Construction and land development
—

 
—

 
—

 
5,883

 
5,883

Residential
328

 
255

 
583

 
10,198

 
10,781

Consumer and other
—

 
—

 
—

 
59

 
59

Total
$
328

 
$
3,962


$
4,290


$
69,864


$
74,154
Summary of FDIC Loss Share Receivable
Outstanding customer balances on PCI loans were $81.1 million and $94.9 million as of June 30, 2018, and December 31, 2017, respectively.