XML 61 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Allowance for Probable Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2013
Allowance for Probable Loan Losses  
Summary of the transactions in the allowance for probable loan losses, by loan class

 

 

 

Quarter ended September 30, 2013

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

other

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

construction &

 

real estate:

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

land

 

farmland &

 

real estate:

 

Residential:

 

Residential:

 

 

 

 

 

 

 

 

 

Commercial

 

development

 

commercial

 

multifamily

 

first lien

 

junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$

20,676

 

$

11,624

 

$

22,383

 

$

623

 

$

3,855

 

$

4,047

 

$

797

 

$

1,046

 

$

65,051

 

Losses charge to allowance

 

(3,540

)

(2

)

—

 

—

 

(22

)

(149

)

(130

)

(2

)

(3,845

)

Recoveries credited to allowance

 

658

 

10

 

9

 

—

 

45

 

80

 

21

 

—

 

823

 

Net losses charged to allowance

 

(2,882

)

8

 

9

 

—

 

23

 

(69

)

(109

)

(2

)

(3,022

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 

3,370

 

(10

)

1,549

 

112

 

186

 

404

 

124

 

65

 

5,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30,

 

$

21,164

 

$

11,622

 

$

23,941

 

$

735

 

$

4,064

 

$

4,382

 

$

812

 

$

1,109

 

$

67,829

 

 

 

 

Quarter ended September 30, 2012

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

 

 

Commercial
real estate:
other
construction &
land

 

Commercial
real estate:
farmland &

 

Commercial
real estate:

 

Residential:

 

Residential:

 

 

 

 

 

 

 

 

 

Commercial

 

development

 

commercial

 

multifamily

 

first lien

 

junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$

24,688

 

$

13,242

 

$

20,551

 

$

803

 

$

3,987

 

$

4,410

 

$

1,476

 

$

1,221

 

$

70,378

 

Losses charge to allowance

 

(3,521

)

(3

)

(1

)

—

 

(63

)

(282

)

(159

)

(7

)

(4,036

)

Recoveries credited to allowance

 

821

 

13

 

32

 

—

 

4

 

62

 

58

 

—

 

990

 

Net losses charged to allowance

 

(2,700

)

10

 

31

 

—

 

(59

)

(220

)

(101

)

(7

)

(3,046

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 

3,312

 

44

 

1,138

 

(27

)

272

 

626

 

31

 

(47

)

5,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30,

 

$

25,300

 

$

13,296

 

$

21,720

 

$

776

 

$

4,200

 

$

4,816

 

$

1,406

 

$

1,167

 

$

72,681

 

 

 

 

Nine Months Ended September 30, 2013

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

 

 

Commercial
real estate:
other
construction &
land

 

Commercial
real estate:
farmland &

 

Commercial
real estate:

 

Residential:

 

Residential:

 

 

 

 

 

 

 

 

 

Commercial

 

development

 

commercial

 

multifamily

 

first lien

 

junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31,

 

$

11,632

 

$

12,720

 

$

21,880

 

$

694

 

$

4,390

 

$

4,448

 

$

1,289

 

$

1,140

 

$

58,193

 

Losses charge to allowance

 

(8,866

)

(250

)

(61

)

—

 

(221

)

(544

)

(446

)

(22

)

(10,410

)

Recoveries credited to allowance

 

1,909

 

36

 

150

 

—

 

54

 

204

 

127

 

5

 

2,485

 

Net losses charged to allowance

 

(6,957

)

(214

)

89

 

—

 

(167

)

(340

)

(319

)

(17

)

(7,925

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 

16,489

 

(884

)

1,972

 

41

 

(159

)

274

 

(158

)

(14

)

17,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30,

 

$

21,164

 

$

11,622

 

$

23,941

 

$

735

 

$

4,064

 

$

4,382

 

$

812

 

$

1,109

 

$

67,829

 

 

 

 

Nine Months Ended September 30, 2012

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

 

 

Commercial
real estate:
other
construction &
land

 

Commercial
real estate:
farmland &

 

Commercial
real estate:

 

Residential:

 

Residential:

 

 

 

 

 

 

 

 

 

Commercial

 

development

 

commercial

 

multifamily

 

first lien

 

junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31,

 

$

26,617

 

$

19,940

 

$

24,227

 

$

1,003

 

$

4,562

 

$

4,760

 

$

1,724

 

$

1,359

 

$

84,192

 

Losses charge to allowance

 

(10,009

)

(7,574

)

(12,477

)

—

 

(129

)

(993

)

(595

)

(12

)

(31,789

)

Recoveries credited to allowance

 

2,823

 

225

 

163

 

—

 

7

 

168

 

151

 

—

 

3,537

 

Net losses charged to allowance

 

(7,186

)

(7,349

)

(12,314

)

—

 

(122

)

(825

)

(444

)

(12

)

(28,252

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 

5,869

 

705

 

9,807

 

(227

)

(240

)

881

 

126

 

(180

)

16,741

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30,

 

$

25,300

 

$

13,296

 

$

21,720

 

$

776

 

$

4,200

 

$

4,816

 

$

1,406

 

$

1,167

 

$

72,681

 
Loans individually or collectively evaluated for impairment and related allowance, by loan class

 

 

 

September 30, 2013

 

 

 

Loans individually evaluated
for impairment

 

Loans collectively evaluated
for impairment

 

 

 

(Dollars in Thousands)

 

 

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$

35,231

 

$

10,741

 

$

982,923

 

$

10,423

 

Commercial real estate: other construction & land development

 

36,304

 

852

 

1,083,038

 

10,770

 

Commercial real estate: farmland & commercial

 

17,038

 

3,404

 

1,705,918

 

20,537

 

Commercial real estate: multifamily

 

314

 

—

 

99,598

 

735

 

Residential: first lien

 

4,984

 

—

 

438,905

 

4,064

 

Residential: junior lien

 

3,219

 

—

 

390,218

 

4,382

 

Consumer

 

1,481

 

—

 

65,941

 

812

 

Foreign

 

455

 

—

 

186,594

 

1,109

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

99,026

 

$

14,997

 

$

4,953,135

 

$

52,832

 

 

 

 

December 31, 2012

 

 

 

Loans individually evaluated
for impairment

 

Loans collectively evaluated
for impairment

 

 

 

(Dollars in Thousands)

 

 

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$

32,768

 

$

1,477

 

$

736,342

 

$

10,155

 

Commercial real estate: other construction & land development

 

28,660

 

539

 

1,119,009

 

12,181

 

Commercial real estate: farmland & commercial

 

13,945

 

2,730

 

1,659,377

 

19,150

 

Commercial real estate: multifamily

 

353

 

—

 

82,595

 

694

 

Residential: first lien

 

3,656

 

—

 

453,075

 

4,390

 

Residential: junior lien

 

1,850

 

—

 

379,886

 

4,448

 

Consumer

 

1,326

 

—

 

73,188

 

1,289

 

Foreign

 

447

 

—

 

188,527

 

1,140

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

83,005

 

$

4,746

 

$

4,691,999

 

$

53,447
Loans accounted on non-accrual basis, by loan class

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

Commercial

 

$

34,450

 

$

31,929

 

Commercial real estate: other construction & land development

 

34,053

 

26,410

 

Commercial real estate: farmland & commercial

 

14,775

 

11,681

 

Commercial real estate: multifamily

 

314

 

353

 

Residential: first lien

 

1,234

 

1,175

 

Residential: junior lien

 

1,576

 

175

 

Consumer

 

37

 

45

 

Foreign

 

13

 

—

 

 

 

 

 

 

 

Total non-accrual loans

 

$

86,452

 

$

71,768

 
Impaired loans, by loan class

 

 

 

September 30, 2013

 

 

 

 

 

 

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid
Principal
Balance

 

Related
Allowance

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

17,880

 

$

17,880

 

$

10,741

 

$

17,884

 

$

9

 

$

17,898

 

$

29

 

Commercial real estate: other construction & land development

 

6,819

 

6,825

 

852

 

6,821

 

—

 

5,804

 

—

 

Commercial real estate: farmland & commercial

 

7,751

 

11,133

 

3,404

 

7,771

 

23

 

7,034

 

69

 

Total impaired loans with related allowance

 

$

32,450

 

$

35,838

 

$

14,997

 

$

32,476

 

$

32

 

$

30,736

 

$

98

 

 

 

 

September 30, 2013

 

 

 

 

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid
Principal
Balance

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

17,351

 

$

17,993

 

$

17,238

 

$

—

 

$

16,915

 

$

—

 

Commercial real estate: other construction & land development

 

29,485

 

29,542

 

22,414

 

17

 

20,788

 

53

 

Commercial real estate: farmland & commercial

 

9,287

 

10,289

 

8,775

 

—

 

6,787

 

—

 

Commercial real estate: multifamily

 

314

 

314

 

316

 

—

 

330

 

—

 

Residential: first lien

 

4,984

 

5,117

 

4,878

 

45

 

4,441

 

117

 

Residential: junior lien

 

3,219

 

3,238

 

2,731

 

25

 

2,059

 

74

 

Consumer

 

1,481

 

1,486

 

1,458

 

—

 

1,313

 

—

 

Foreign

 

455

 

457

 

457

 

5

 

456

 

14

 

Total impaired loans with no related allowance

 

$

66,576

 

$

68,436

 

$

58,267

 

$

92

 

$

53,089

 

$

258

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid
Principal
Balance

 

Related
Allowance

 

Average Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

1,633

 

$

1,679

 

$

1,477

 

$

21,126

 

$

39

 

Commercial real estate: other construction & land development

 

3,671

 

3,671

 

539

 

6,608

 

—

 

Commercial real estate: farmland & commercial

 

6,678

 

9,923

 

2,730

 

7,342

 

92

 

Total impaired loans with related allowance

 

$

11,982

 

$

15,273

 

$

4,746

 

$

35,076

 

$

131

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid Principal
Balance

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$

31,135

 

$

31,170

 

$

2,996

 

$

4

 

Commercial real estate: other construction & land development

 

24,989

 

25,160

 

39,449

 

141

 

Commercial real estate: farmland & commercial

 

7,267

 

9,340

 

16,536

 

8

 

Commercial real estate: multifamily

 

353

 

353

 

381

 

—

 

Residential: first lien

 

3,656

 

3,984

 

2,876

 

60

 

Residential: junior lien

 

1,850

 

1,944

 

1,939

 

104

 

Consumer

 

1,326

 

1,330

 

1,193

 

—

 

Foreign

 

447

 

447

 

166

 

6

 

Total impaired loans with no related allowance

 

$

71,023

 

$

73,728

 

$

65,536

 

$

323

 

 

 

 

 

September 30, 2012

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$

22,729

 

$

10

 

$

22,517

 

$

29

 

Commercial real estate: other construction & land development

 

3,671

 

—

 

23,479

 

—

 

Commercial real estate: farmland & commercial

 

7,117

 

23

 

11,518

 

69

 

Residential: first lien

 

198

 

—

 

202

 

—

 

Total impaired loans with related allowance

 

$

33,715

 

$

33

 

$

57,716

 

$

98

 

 

 

 

September 30, 2012

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$

840

 

$

1

 

$

538

 

$

3

 

Commercial real estate: other construction & land development

 

26,689

 

23

 

27,632

 

122

 

Commercial real estate: farmland & commercial

 

14,069

 

—

 

14,850

 

8

 

Commercial real estate: multifamily

 

374

 

—

 

388

 

—

 

Residential: first lien

 

2,957

 

15

 

2,485

 

31

 

Residential: junior lien

 

1,836

 

25

 

1,958

 

79

 

Consumer

 

1,271

 

—

 

1,149

 

—

 

Foreign

 

92

 

—

 

61

 

1

 

Total impaired loans with no related allowance

 

$

48,128

 

$

64

 

$

49,061

 

$

244

 
Information regarding the aging of past due loans, by loan class

 

 

 

September 30, 2013

 

 

 

30 — 59
Days

 

60 — 89
Days

 

90 Days or
Greater

 

90 Days
or
greater
& still
accruing

 

Total
Past
due

 

Current

 

Total
Portfolio

 

 

 

(Dollars in Thousands)

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

4,319

 

$

1,054

 

$

35,379

 

$

1,227

 

$

40,752

 

$

977,402

 

$

1,018,154

 

Commercial real estate: other construction & land development

 

1,916

 

292

 

32,593

 

38

 

34,801

 

1,084,541

 

1,119,342

 

Commercial real estate: farmland & commercial

 

7,436

 

297

 

9,122

 

1,728

 

16,855

 

1,706,101

 

1,722,956

 

Commercial real estate: multifamily

 

418

 

—

 

314

 

—

 

732

 

99,180

 

99,912

 

Residential: first lien

 

6,538

 

3,060

 

8,612

 

7,751

 

18,210

 

425,679

 

443,889

 

Residential: junior lien

 

1,060

 

175

 

1,758

 

216

 

2,993

 

390,444

 

393,437

 

Consumer

 

1,615

 

385

 

708

 

685

 

2,708

 

64,714

 

67,422

 

Foreign

 

1,912

 

148

 

215

 

202

 

2,275

 

184,774

 

187,049

 

Total past due loans

 

$

25,214

 

$

5,411

 

$

88,701

 

$

11,847

 

$

119,326

 

$

4,932,835

 

$

5,052,161

 

 

 

 

December 31, 2012

 

 

 

30 — 59
Days

 

60 — 89
Days

 

90 Days or
Greater

 

90 Days
or
greater
& still
accruing

 

Total
Past
due

 

Current

 

Total
Portfolio

 

 

 

(Dollars in Thousands)

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

4,393

 

$

471

 

$

3,386

 

$

2,689

 

$

8,250

 

$

760,860

 

$

769,110

 

Commercial real estate: other construction & land development

 

1,107

 

2,300

 

24,225

 

497

 

27,632

 

1,120,037

 

1,147,669

 

Commercial real estate: farmland & commercial

 

3,127

 

21,272

 

2,310

 

929

 

26,709

 

1,646,613

 

1,673,322

 

Commercial real estate: multifamily

 

685

 

—

 

353

 

—

 

1,038

 

81,910

 

82,948

 

Residential: first lien

 

4,305

 

2,510

 

10,645

 

9,657

 

17,460

 

439,271

 

456,731

 

Residential: junior lien

 

2,035

 

410

 

259

 

115

 

2,704

 

379,032

 

381,736

 

Consumer

 

1,598

 

404

 

915

 

882

 

2,917

 

71,597

 

74,514

 

Foreign

 

2,257

 

1,005

 

264

 

264

 

3,526

 

185,448

 

188,974

 

Total past due loans

 

$

19,507

 

$

28,372

 

$

42,357

 

$

15,033

 

$

90,236

 

$

4,684,768

 

$

4,775,004
Summary of the loan portfolio by credit quality indicator, by loan class

 

 

 

 

 

September 30, 2013

 

 

 

Pass

 

Special
Review

 

Watch List
- Pass

 

Watch List -
Substandard

 

Watch List -
Impaired

 

 

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

911,393

 

$

8,244

 

$

16,623

 

$

46,663

 

$

35,231

 

Commercial real estate: other construction & land development

 

1,044,439

 

25,064

 

9,164

 

4,371

 

36,304

 

Commercial real estate: farmland & commercial

 

1,558,965

 

101,674

 

19,698

 

25,581

 

17,038

 

Commercial real estate: multifamily

 

99,598

 

—

 

—

 

—

 

314

 

Residential: first lien

 

433,944

 

119

 

—

 

4,842

 

4,984

 

Residential: junior lien

 

389,920

 

—

 

—

 

298

 

3,219

 

Consumer

 

65,937

 

—

 

—

 

4

 

1,481

 

Foreign

 

183,900

 

2,080

 

—

 

614

 

455

 

Total

 

$

4,688,096

 

$

137,181

 

$

45,485

 

$

82,373

 

$

99,026

 

 

 

 

 

 

December 31,2012

 

 

 

Pass

 

Special
Review

 

Watch List -
Pass

 

Watch List -
Substandard

 

Watch List -
Impaired

 

 

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

675,263

 

$

4,278

 

$

16,535

 

$

40,266

 

$

32,768

 

Commercial real estate: other construction & land development

 

1,038,749

 

55,079

 

2,614

 

22,567

 

28,660

 

Commercial real estate: farmland & commercial

 

1,486,572

 

109,144

 

46,316

 

17,345

 

13,945

 

Commercial real estate: multifamily

 

82,542

 

—

 

53

 

—

 

353

 

Residential: first lien

 

446,218

 

519

 

—

 

6,338

 

3,656

 

Residential: junior lien

 

378,000

 

77

 

309

 

1,500

 

1,850

 

Consumer

 

73,188

 

—

 

—

 

—

 

1,326

 

Foreign

 

188,499

 

—

 

28

 

—

 

447

 

Total

 

$

4,369,031

 

$

169,097

 

$

65,855

 

$

88,016

 

$

83,005