Loans

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Loans

Note 4 – Loans

A summary of loan balances follows (in thousands):

	December 31, 2019
	Originated		PNCI		PCI		Total
Mortgage loans on real estate:
Residential 1-4 family	$	373,101	$	134,994	$	1,413	$	509,508
Commercial	2,221,217		592,244		5,321		2,818,782
Total mortgage loans on real estate	2,594,318		727,238		6,734		3,328,290
Consumer:
Home equity lines of credit	299,454		34,057		789		334,300
Home equity loans	25,343		2,829		414		28,586
Other	67,896		14,758		2		82,656
Total consumer loans	392,693		51,644		1,205		445,542
Commercial	262,581		18,649		2,477		283,707
Construction:
Residential	191,681		11,285		—		202,966
Commercial	46,422		439		—		46,861
Total construction	238,103		11,724		—		249,827
Total loans, net of deferred loan fees and discounts	$	3,487,695	$	809,255	$	10,416	$	4,307,366
Total principal balance of loans owed, net of charge-offs	$	3,496,622	$	838,425	$	16,678	$	4,351,725
Unamortized net deferred loan fees	(8,927)		—		—		(8,927)
Discounts to principal balance of loans owed, net of charge-offs	—		(29,170)		(6,262)		(35,432)
Total loans, net of deferred loan fees and discounts	$	3,487,695	$	809,255	$	10,416	$	4,307,366
Allowance for loan losses	$	(30,110)	$	(500)	$	(6)	$	(30,616)

	December 31, 2018
	Originated		PNCI		PCI		Total
Mortgage loans on real estate:
Residential 1-4 family	$	343,796	$	169,792	$	1,674	$	515,262
Commercial	1,910,981		708,401		8,456		2,627,838
Total mortgage loan on real estate	2,254,777		878,193		10,130		3,143,100
Consumer:
Home equity lines of credit	284,453		40,957		1,167		326,577
Home equity loans	32,660		3,585		439		36,684
Other	34,020		21,659		42		55,721
Total consumer loans	351,133		66,201		1,648		418,982
Commercial	228,635		45,468		2,445		276,548
Construction:
Residential	90,703		30,593		—		121,296
Commercial	56,208		5,880		—		62,088
Total construction	146,911		36,473		—		183,384
Total loans, net of deferred loan fees and discounts	$	2,981,456	$	1,026,335	$	14,223	$	4,022,014
Total principal balance of loans owed, net of charge-offs	$	2,991,324	$	1,062,655	$	21,265	$	4,075,244
Unamortized net deferred loan fees	(9,868)		—		—		(9,868)
Discounts to principal balance of loans owed, net of charge-offs	—		(36,320)		(7,042)		(43,362)
Total loans, net of unamortized deferred loan fees and discounts	$	2,981,456	$	1,026,335	$	14,223	$	4,022,014
Allowance for loan losses	$	(31,793)	$	(667)	$	(122)	$	(32,582)

The following is a summary of the change in accretable yield for PCI loans during the periods indicated (in thousands):

	Year ended December 31,
	2019		2018		2017
Change in accretable yield:
Balance at beginning of period	$	6,059	$	6,137	$	7,670
Accretion to interest income	(852)		(787)		(2,809)
Reclassification from non-accretable difference	1,012		709		1,276
Balance at end of period	$	6,219	$	6,059	$	6,137