XML 28 R36.htm IDEA: XBRL DOCUMENT

Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI (Tables)

12 Months Ended

Dec. 31, 2019

Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]

At December 31, 2019 and 2018, LHFI consisted of the following ($ in thousands):

	December 31,
	2019		2018
Loans secured by real estate:
Construction, land development and other land	$	1,162,791	$	1,056,601
Secured by 1-4 family residential properties		1,855,913		1,825,492
Secured by nonfarm, nonresidential properties		2,475,245		2,220,914
Other real estate secured		724,480		543,820
Commercial and industrial loans		1,477,896		1,538,715
Consumer loans		175,738		182,448
State and other political subdivision loans		967,944		973,818
Other loans		495,621		494,060
LHFI		9,335,628		8,835,868
Less allowance for loan losses, LHFI		84,277		79,290
Net LHFI	$	9,251,351	$	8,756,578

Aging Analysis of Past Due and Nonaccrual LHFI by Loan Type

The following tables provide an aging analysis of past due and nonaccrual LHFI by loan type at December 31, 2019 and 2018 ($ in thousands):

	December 31, 2019
	Past Due
					90 Days						Current
	30-59 Days		60-89 Days		or More (1)		Total		Nonaccrual		Loans		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	380	$	256	$	—	$	636	$	897	$	1,161,258	$	1,162,791
Secured by 1-4 family residential properties		5,254		940		211		6,405		16,810		1,832,698		1,855,913
Secured by nonfarm, nonresidential properties		1,698		—		—		1,698		7,700		2,465,847		2,475,245
Other real estate secured		8		—		—		8		1,032		723,440		724,480
Commercial and industrial loans		617		12		39		668		21,775		1,455,453		1,477,896
Consumer loans		2,208		380		392		2,980		108		172,650		175,738
State and other political subdivision loans		76		—		—		76		4,079		963,789		967,944
Other loans		152		4		—		156		825		494,640		495,621
Total	$	10,393	$	1,592	$	642	$	12,627	$	53,226	$	9,269,775	$	9,335,628

(1)	Past due 90 days or more but still accruing interest.

	December 31, 2018
	Past Due
					90 Days						Current
	30-59 Days		60-89 Days		or More (1)		Total		Nonaccrual		Loans		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	284	$	—	$	—	$	284	$	2,218	$	1,054,099	$	1,056,601
Secured by 1-4 family residential properties		8,600		1,700		569		10,869		14,718		1,799,905		1,825,492
Secured by nonfarm, nonresidential properties		1,887		—		—		1,887		9,621		2,209,406		2,220,914
Other real estate secured		197		99		—		296		927		542,597		543,820
Commercial and industrial loans		1,346		300		—		1,646		23,938		1,513,131		1,538,715
Consumer loans		1,800		353		287		2,440		205		179,803		182,448
State and other political subdivision loans		186		—		—		186		8,595		965,037		973,818
Other loans		83		—		—		83		1,402		492,575		494,060
Total	$	14,383	$	2,452	$	856	$	17,691	$	61,624	$	8,756,553	$	8,835,868

(1)	Past due 90 days or more but still accruing interest.

Impaired Financing Receivables

At December 31, 2019 and 2018, individually evaluated for impaired LHFI consisted of the following ($ in thousands):

	December 31, 2019
	LHFI
	Unpaid		With No Related		With an		Total				Average
	Principal		Allowance		Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment
Loans secured by real estate:
Construction, land development and other land	$	926	$	610	$	16	$	626	$	—	$	1,089
Secured by 1-4 family residential properties		6,513		2,104		3,360		5,464		35		4,713
Secured by nonfarm, nonresidential properties		7,295		1,462		5,255		6,717		2,355		8,096
Other real estate secured		69		—		68		68		—		158
Commercial and industrial loans		27,178		19,374		4,084		23,458		707		27,088
Consumer loans		22		—		21		21		—		11
State and other political subdivision loans		4,079		—		4,079		4,079		1,809		6,337
Other loans		1,207		—		784		784		553		1,033
Total	$	47,289	$	23,550	$	17,667	$	41,217	$	5,459	$	48,525

	December 31, 2018
	LHFI
	Unpaid		With No Related		With an		Total				Average
	Principal		Allowance		Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment
Loans secured by real estate:
Construction, land development and other land	$	1,794	$	1,528	$	24	$	1,552	$	—	$	1,738
Secured by 1-4 family residential properties		4,951		95		3,868		3,963		39		4,328
Secured by nonfarm, nonresidential properties		8,282		6,728		2,748		9,476		413		8,898
Other real estate secured		—		—		248		248		—		124
Commercial and industrial loans		37,786		12,893		17,824		30,717		4,334		26,725
Consumer loans		2		—		2		2		—		6
State and other political subdivision loans		8,688		4,079		4,516		8,595		516		4,297
Other loans		1,418		230		1,052		1,282		1,052		804
Total	$	62,921	$	25,553	$	30,282	$	55,835	$	6,354	$	46,920

Impact of Modifications Classified as Troubled Debt Restructurings

The following tables illustrate the impact of modifications classified as TDRs for the periods presented ($ in thousands):

	Year Ended December 31, 2019
Modifications Classified as TDRs	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real estate:
Secured by 1-4 family residential properties		19	$	1,742	$	1,738
Secured by nonfarm, nonresidential properties		1		5,055		5,055
Commercial and industrial loans		8		9,167		9,054
Consumer loans		2		30		30
Total		30	$	15,994	$	15,877

	Year Ended December 31, 2018
Modifications Classified as TDRs	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real estate:
Construction, land development and other land		1	$	22	$	22
Secured by 1-4 family residential properties		23		2,102		1,660
Secured by nonfarm, nonresidential properties		2		1,780		1,780
Commercial and industrial loans		23		26,970		25,862
Consumer loans		3		4		4
Total		52	$	30,878	$	29,328

	Year Ended December 31, 2017
Modifications Classified as TDRs	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real estate:
Construction, land development and other land		1	$	341	$	325
Secured by 1-4 family residential properties		22		1,478		1,487
Secured by nonfarm, nonresidential properties		1		426		426
Commercial and industrial loans		8		12,836		12,836
Other loans		1		556		556
Total		33	$	15,637	$	15,630

Troubled Debt Restructuring Subsequently Defaulted

The table below includes the balances at default for TDRs modified within the last 12 months for which there was a payment default during the periods presented ($ in thousands):

	Years Ended December 31,
	2019				2018				2017
TDRs that Subsequently Defaulted	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Construction, land development and other land loans		—	$	—		1	$	22		—	$	—
Loans secured by 1-4 family residential properties		3		446		5		734		4		78
Commercial and industrial loans		7		192		6		15,178		3		9,526
Consumer loans		1		27		1		1		—		—
Total		11	$	665		13	$	15,935		7	$	9,604

Troubled Debt Restructuring Related to Loans Held for Investment by Loan Type

The following tables detail LHFI classified as TDRs by loan type at December 31, 2019, 2018 and 2017 ($ in thousands):

	December 31, 2019
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	15	$	15
Secured by 1-4 family residential properties		77		3,865		3,942
Secured by nonfarm, nonresidential properties		—		5,176		5,176
Commercial and industrial loans		3,319		18,913		22,232
Consumer loans		—		21		21
Other loans		—		137		137
Total TDRs	$	3,396	$	28,127	$	31,523

	December 31, 2018
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	24	$	24
Secured by 1-4 family residential properties		743		3,125		3,868
Secured by nonfarm, nonresidential properties		1,734		395		2,129
Commercial and industrial loans		9,007		12,620		21,627
Consumer loans		—		2		2
Other loans		—		540		540
Total TDRs	$	11,484	$	16,706	$	28,190

	December 31, 2017
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	199	$	199
Secured by 1-4 family residential properties		51		3,140		3,191
Secured by nonfarm, nonresidential properties		—		421		421
Commercial and industrial loans		53		19,434		19,487
Consumer loans		—		17		17
Other loans		556		—		556
Total TDRs	$	660	$	23,211	$	23,871

Carrying Amount of Loans by Credit Quality Indicator

The tables below present LHFI by loan type and credit quality indicator at December 31, 2019 and 2018 ($ in thousands):

	December 31, 2019
	Commercial LHFI
	Pass -		Special Mention -		Substandard -		Doubtful -
	Categories 1-6		Category 7		Category 8		Category 9		Subtotal
Loans secured by real estate:
Construction, land development and other land	$	1,075,146	$	—	$	15,726	$	42	$	1,090,914
Secured by 1-4 family residential properties		116,592		45		6,355		41		123,033
Secured by nonfarm, nonresidential properties		2,430,761		—		44,001		328		2,475,090
Other real estate secured		721,238		—		2,547		—		723,785
Commercial and industrial loans		1,407,837		909		68,262		888		1,477,896
Consumer loans		—		—		—		—		—
State and other political subdivision loans		957,948		4,650		5,346		—		967,944
Other loans		469,095		3,445		16,926		30		489,496
Total	$	7,178,617	$	9,049	$	159,163	$	1,329	$	7,348,158

	Consumer LHFI
			Past Due		Past Due
	Current		30-89 Days		90 Days or More		Nonaccrual		Subtotal		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	71,413	$	332	$	—	$	132	$	71,877	$	1,162,791
Secured by 1-4 family residential properties		1,710,930		5,922		211		15,817		1,732,880		1,855,913
Secured by nonfarm, nonresidential properties		155		—		—		—		155		2,475,245
Other real estate secured		695		—		—		—		695		724,480
Commercial and industrial loans		—		—		—		—		—		1,477,896
Consumer loans		172,649		2,588		393		108		175,738		175,738
State and other political subdivision loans		—		—		—		—		—		967,944
Other loans		6,125		—		—		—		6,125		495,621
Total	$	1,961,967	$	8,842	$	604	$	16,057	$	1,987,470	$	9,335,628

	December 31, 2018
	Commercial LHFI
	Pass -		Special Mention -		Substandard -		Doubtful -
	Categories 1-6		Category 7		Category 8		Category 9		Subtotal
Loans secured by real estate:
Construction, land development and other land	$	982,305	$	75	$	5,645	$	203	$	988,228
Secured by 1-4 family residential properties		123,191		216		2,731		229		126,367
Secured by nonfarm, nonresidential properties		2,182,106		1,250		37,025		473		2,220,854
Other real estate secured		537,958		323		4,610		—		542,891
Commercial and industrial loans		1,468,262		12,431		55,943		2,079		1,538,715
Consumer loans		—		—		—		—		—
State and other political subdivision loans		958,214		5,250		10,354		—		973,818
Other loans		460,568		17,842		10,323		49		488,782
Total	$	6,712,604	$	37,387	$	126,631	$	3,033	$	6,879,655

	Consumer LHFI
			Past Due		Past Due
	Current		30-89 Days		90 Days or More		Nonaccrual		Subtotal		Total LHFI
Loans secured by real estate:
Construction, land development and other land	$	67,913	$	124	$	—	$	336	$	68,373	$	1,056,601
Secured by 1-4 family residential properties		1,675,455		9,872		569		13,229		1,699,125		1,825,492
Secured by nonfarm, nonresidential properties		60		—		—		—		60		2,220,914
Other real estate secured		929		—		—		—		929		543,820
Commercial and industrial loans		—		—		—		—		—		1,538,715
Consumer loans		179,802		2,153		288		205		182,448		182,448
State and other political subdivision loans		—		—		—		—		—		973,818
Other loans		5,278		—		—		—		5,278		494,060
Total	$	1,929,437	$	12,149	$	857	$	13,770	$	1,956,213	$	8,835,868

Change in Allowance for Loan Losses

The following tables detail the balance in the allowance for loan losses, LHFI allocated to each loan type segmented by the impairment evaluation methodology used at December 31, 2019 and 2018 ($ in thousands):

	December 31, 2019
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	8,260	$	8,260
Secured by 1-4 family residential properties		35		8,897		8,932
Secured by nonfarm, nonresidential properties		2,355		23,803		26,158
Other real estate secured		—		4,024		4,024
Commercial and industrial loans		707		25,285		25,992
Consumer loans		—		3,379		3,379
State and other political subdivision loans		1,809		420		2,229
Other loans		553		4,750		5,303
Total allowance for loan losses, LHFI	$	5,459	$	78,818	$	84,277

	December 31, 2018
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	7,390	$	7,390
Secured by 1-4 family residential properties		39		8,602		8,641
Secured by nonfarm, nonresidential properties		413		21,963		22,376
Other real estate secured		—		3,450		3,450
Commercial and industrial loans		4,334		23,025		27,359
Consumer loans		—		2,890		2,890
State and other political subdivision loans		516		474		990
Other loans		1,052		5,142		6,194
Total allowance for loan losses, LHFI	$	6,354	$	72,936	$	79,290

Changes in the allowance for loan losses, LHFI were as follows for the periods presented ($ in thousands):

	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	79,290		$	76,733		$	71,265
Transfers (1)		—			1,554			—
Loans charged-off		(14,481	)		(29,489	)		(21,147	)
Recoveries		8,671			12,499			11,521
Net (charge-offs) recoveries		(5,810	)		(16,990	)		(9,626	)
Provision for loan losses, LHFI		10,797			17,993			15,094
Balance at end of period	$	84,277		$	79,290		$	76,733

(1)	The allowance for loan losses balance related to the remaining loans acquired in the Bay Bank, Heritage and Reliance acquisitions, which were transferred from acquired impaired loans to LHFI during 2018.

The following tables detail changes in the allowance for loan losses, LHFI by loan type for the years ended December 31, 2019 and 2018, respectively ($ in thousands):

	2019
	Balance January 1,							Provision for Loan Losses		Balance December 31,
	Balance January 1,		Charge-offs			Recoveries		Provision for Loan Losses		Balance December 31,
Loans secured by real estate:
Construction, land development and other land	$	7,390	$	(40	)	$	894	$	16	$	8,260
Secured by 1-4 family residential properties		8,641		(531	)		666		156		8,932
Secured by nonfarm, nonresidential properties		22,376		(322	)		472		3,632		26,158
Other real estate secured		3,450		—			29		545		4,024
Commercial and industrial loans		27,359		(5,344	)		1,257		2,720		25,992
Consumer loans		2,890		(2,278	)		1,829		938		3,379
State and other political subdivision loans		990		—			—		1,239		2,229
Other loans		6,194		(5,966	)		3,524		1,551		5,303
Total allowance for loan losses, LHFI	$	79,290	$	(14,481	)	$	8,671	$	10,797	$	84,277

	2018
	Balance January 1,									Provision for Loan Losses			Balance December 31,
	Balance January 1,		Transfers (1)		Charge-offs			Recoveries		Provision for Loan Losses			Balance December 31,
Loans secured by real estate:
Construction, land development and other land	$	7,865	$	584	$	(123	)	$	1,124	$	(2,060	)	$	7,390
Secured by 1-4 family residential properties		10,874		182		(1,629	)		646		(1,432	)		8,641
Secured by nonfarm, nonresidential properties		23,428		446		(1,184	)		133		(447	)		22,376
Other real estate secured		2,790		291		—			23		346			3,450
Commercial and industrial loans		22,851		46		(18,823	)		5,410		17,875			27,359
Consumer loans		3,470		5		(2,089	)		2,019		(515	)		2,890
State and other political subdivision loans		789		—		—			—		201			990
Other loans		4,666		—		(5,641	)		3,144		4,025			6,194
Total allowance for loan losses, LHFI	$	76,733	$	1,554	$	(29,489	)	$	12,499	$	17,993		$	79,290

Summary Of LHFI Evaluated For Impairment

The following tables detail LHFI by loan type related to each balance in the allowance for loan losses, LHFI segregated by the impairment evaluation methodology used at December 31, 2019 and 2018 ($ in thousands):

	December 31, 2019
	LHFI Evaluated for Impairment
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	626	$	1,162,165	$	1,162,791
Secured by 1-4 family residential properties		5,464		1,850,449		1,855,913
Secured by nonfarm, nonresidential properties		6,717		2,468,528		2,475,245
Other real estate secured		68		724,412		724,480
Commercial and industrial loans		23,458		1,454,438		1,477,896
Consumer loans		21		175,717		175,738
State and other political subdivision loans		4,079		963,865		967,944
Other loans		784		494,837		495,621
Total	$	41,217	$	9,294,411	$	9,335,628

	December 31, 2018
	LHFI Evaluated for Impairment
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land	$	1,552	$	1,055,049	$	1,056,601
Secured by 1-4 family residential properties		3,963		1,821,529		1,825,492
Secured by nonfarm, nonresidential properties		9,476		2,211,438		2,220,914
Other real estate secured		248		543,572		543,820
Commercial and industrial loans		30,717		1,507,998		1,538,715
Consumer loans		2		182,446		182,448
State and other political subdivision loans		8,595		965,223		973,818
Other loans		1,282		492,778		494,060
Total	$	55,835	$	8,780,033	$	8,835,868