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Past Due Loans, Allowance For Credit Losses, Non-Accrual Loans, and TDRS (Tables)
 6 Months Ended
Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Past Due Financing Receivables
The following table presents an aging analysis of the Company's past due loans as of June 30, 2021 and December 31, 2020 with balances presented on an amortized cost basis. The aging is determined without regard to accrual status. The table also presents non-performing loans, consisting of non-accrual loans (the majority of which are past due) and loans 90 days or more past due and still accruing interest, as of each balance sheet date.
Aging Analysis of Past Due Loans and Non-performing Loans by Class
(Dollar amounts in thousands)
 Aging Analysis (Accruing and Non-accrual)Non-performing Loans
 Current30-89 Days
Past Due		90 Days or
More Past
Due		Total
Past Due		Total
Loans		Non-
accrual		90 Days or More Past Due, Still Accruing Interest
As of June 30, 2021       
Commercial and industrial$4,569,389 $8,168 $30,591 $38,759 $4,608,148 $45,158 $392 
Agricultural339,070 — 3,764 3,764 342,834 7,135 — 
Commercial real estate:  
Office, retail, and industrial1,788,557 2,368 16,503 18,871 1,807,428 19,484 — 
Multi-family1,009,401 — 3,321 3,321 1,012,722 3,415 — 
Construction574,329 40 2,969 3,009 577,338 2,969 — 
Other commercial real estate1,441,210 2,883 17,277 20,160 1,461,370 23,815 122 
Total commercial real estate4,813,497 5,291 40,070 45,361 4,858,858 49,683 122 
Total corporate loans,
  excluding PPP loans		9,721,956 13,459 74,425 87,884 9,809,840 101,976 514 
PPP loans705,915 — — — 705,915 — — 
Total corporate loans10,427,871 13,459 74,425 87,884 10,515,755 101,976 514 
Home equity623,582 2,115 3,670 5,785 629,367 9,948 23 
1-4 family mortgages3,274,456 4,104 9,213 13,317 3,287,773 12,558 — 
Installment598,218 3,765 341 4,106 602,324 — 341 
Total consumer loans4,496,256 9,984 13,224 23,208 4,519,464 22,506 364 
Total loans$14,924,127 $23,443 $87,649 $111,092 $15,035,219 $124,482 $878 
As of December 31, 2020       
Commercial and industrial$4,530,546 $9,254 $38,454 $47,708 $4,578,254 $42,965 $591 
Agricultural359,373 705 3,960 4,665 364,038 10,719 — 
Commercial real estate:       
Office, retail, and industrial1,827,891 3,961 29,916 33,877 1,861,768 34,224 257 
Multi-family867,815 2,510 2,488 4,998 872,813 2,488 — 
Construction606,934 1,154 4,523 5,677 612,611 4,980 1,065 
Other commercial real estate1,448,258 15,015 18,703 33,718 1,481,976 25,824 434 
Total commercial real estate4,750,898 22,640 55,630 78,270 4,829,168 67,516 1,756 
Total corporate loans,
  excluding PPP loans		9,640,817 32,599 98,044 130,643 9,771,460 121,200 2,347 
PPP loans785,563 — — — 785,563 — — 
Total corporate loans10,426,380 32,599 98,044 130,643 10,557,023 121,200 2,347 
Home equity750,263 5,563 5,899 11,462 761,725 10,795 956 
1-4 family mortgages3,009,564 5,296 7,553 12,849 3,022,413 10,530 115 
Installment404,831 4,263 977 5,240 410,071 — 977 
Total consumer loans4,164,658 15,122 14,429 29,551 4,194,209 21,325 2,048 
Total loans$14,591,038 $47,721 $112,473 $160,194 $14,751,232 $142,525 $4,395 
Allowance for Credit Losses on Financing Receivables A rollforward of the allowance for credit losses by portfolio segment for the quarters and six months ended June 30, 2021 and 2020 is presented in the table below. PPP loans are excluded from this table as there is no allowance for credit losses associated with these loans because they are fully guaranteed by the U.S. Small Business Administration ("SBA").
Allowance for Credit Losses by Portfolio Segment
(Dollar amounts in thousands)
 Commercial,
Industrial, and
Agricultural		Office,
Retail, and
Industrial		Multi-
family		ConstructionOther
Commercial
Real Estate		ConsumerAllowance for
Unfunded
Commitments		Total
Allowance for Credit Losses
Quarter Ended June 30, 2021       
Beginning balance$125,798 $22,652 $3,570 $5,915 $21,205 $56,219 $8,025 $243,384 
Charge-offs(16,766)(3,898)(4)(218)(585)(2,156)— (23,627)
Recoveries2,033 20 2 10 126 678 — 2,869 
Net charge-offs(14,733)(3,878)(2)(208)(459)(1,478)— (20,758)
Provision for loan
  losses and other		5,331 (782)(109)(783)(688)(2,969)600 600 
Ending balance$116,396 $17,992 $3,459 $4,924 $20,058 $51,772 $8,625 $223,226 
Quarter Ended June 30, 2020       
Beginning balance$113,733 $25,856 $3,689 $11,297 $18,554 $46,819 $6,753 $226,701 
Allowance established
  for acquired PCD
  loans		378 — — — — — 872 1,250 
Charge-offs(5,673)(3,092)(9)(798)(31)(4,631)— (14,234)
Recoveries820 6 — — 12 473 — 1,311 
Net charge-offs(4,853)(3,086)(9)(798)(19)(4,158)— (12,923)
Provision for loan
  losses and other		14,719 1,671 1,631 1,023 3,327 10,278 — 32,649 
Ending balance$123,977 $24,441 $5,311 $11,522 $21,862 $52,939 $7,625 $247,677 
Six Months Ended June 30, 2021      
Beginning balance$119,954 $24,078 $5,709 $6,674 $24,309 $58,293 $8,025 $247,042 
Charge-offs(19,607)(8,375)(4)(218)(1,071)(5,669)— (34,944)
Recoveries2,771 120 7 10 241 1,281 — 4,430 
Net charge-offs(16,836)(8,255)3 (208)(830)(4,388)— (30,514)
Provision for loan
  losses and other		13,278 2,169 (2,253)(1,542)(3,421)(2,133)600 6,698 
Ending balance$116,396 $17,992 $3,459 $4,924 $20,058 $51,772 $8,625 $223,226 
Six Months Ended June 30, 2020      
Beginning balance$62,830 $7,580 $2,950 $1,697 $6,408 $26,557 $1,200 $109,222 
Adjustment to apply
  recent accounting
  pronouncements(1)
20,159 11,686 397 10,300 11,427 16,235 5,553 75,757 
Allowance established
  for acquired PCD
  loans		12,640 2,003 — — — 39 872 15,554 
Charge-offs(12,739)(3,430)(19)(2,606)(339)(9,031)— (28,164)
Recoveries1,979 15 5 — 156 972 — 3,127 
Net charge-offs(10,760)(3,415)(14)(2,606)(183)(8,059)— (25,037)
Provision for loan
  losses and other		39,108 6,587 1,978 2,131 4,210 18,167 — 72,181 
Ending balance$123,977 $24,441 $5,311 $11,522 $21,862 $52,939 $7,625 $247,677 
(1) As a result of accounting guidance adopted in the first quarter of 2020, the increase in allowance for credit losses, net of tax, was recognized as a cumulative-effect adjustment to retained earnings as of January 1, 2020.
Schedule of Loans and The Related Allowance For Credit Losses
The table below provides a breakdown of loans and the related allowance for credit losses by portfolio segment as of June 30, 2021 and December 31, 2020.
Loans and Related Allowance for Credit Losses by Portfolio Segment
(Dollar amounts in thousands)
 LoansAllowance for Credit Losses
 Individually
Evaluated		Collectively
Evaluated		PCDTotalIndividually
Evaluated		Collectively
Evaluated		PCDTotal
As of June 30, 2021        
Commercial, industrial,
  agricultural		$46,178 $4,852,699 $52,105 $4,950,982 $5,406 $104,151 $6,839 $116,396 
Commercial real estate:       
Office, retail, and industrial16,353 1,755,614 35,461 1,807,428 324 14,042 3,626 17,992 
Multi-family2,171 1,003,921 6,630 1,012,722 — 3,382 77 3,459 
Construction1,154 562,129 14,055 577,338 — 3,483 1,441 4,924 
Other commercial real estate12,914 1,399,417 49,039 1,461,370 123 9,793 10,142 20,058 
Total commercial real estate32,592 4,721,081 105,185 4,858,858 447 30,700 15,286 46,433 
Total corporate loans,
  excluding PPP loans		78,770 9,573,780 157,290 9,809,840 5,853 134,851 22,125 162,829 
PPP loans— 705,915 — 705,915 — — — — 
Total corporate loans78,770 10,279,695 157,290 10,515,755 5,853 134,851 22,125 162,829 
Consumer— 4,499,643 19,821 4,519,464 — 51,311 461 51,772 
Allowance for unfunded
  commitments		— — — — — 8,625 — 8,625 
Total loans$78,770 $14,779,338 $177,111 $15,035,219 $5,853 $194,787 $22,586 $223,226 
As of December 31, 2020        
Commercial, industrial, and
  agricultural		$45,650 $4,826,017 $70,625 $4,942,292 $3,536 $107,763 $8,655 $119,954 
Commercial real estate:       
Office, retail, and industrial26,384 1,792,618 42,766 1,861,768 1,123 15,106 7,849 24,078 
Multi-family1,279 864,677 6,857 872,813 — 5,438 271 5,709 
Construction1,154 595,550 15,907 612,611 — 4,535 2,139 6,674 
Other commercial real estate13,736 1,414,541 53,699 1,481,976 171 12,651 11,487 24,309 
Total commercial real estate42,553 4,667,386 119,229 4,829,168 1,294 37,730 21,746 60,770 
Total corporate loans,
  excluding PPP loans		88,203 9,493,403 189,854 9,771,460 4,830 145,493 30,401 180,724 
PPP loans— 785,563 — 785,563 — — — — 
Total corporate loans88,203 10,278,966 189,854 10,557,023 4,830 145,493 30,401 180,724 
Consumer— 4,172,042 22,167 4,194,209 — 57,567 726 58,293 
Allowance for unfunded
  commitments		— — — — — 8,025 — 8,025 
Total loans$88,203 $14,451,008 $212,021 $14,751,232 $4,830 $211,085 $31,127 $247,042 
Impaired Financing Receivables The following table presents collateral-dependent loans, including PCD loans, without regard to accrual status by primary collateral type and non-accrual loans with no related allowance as of June 30, 2021 and December 31, 2020. PPP loans are excluded from this table as there is no allowance for credit losses associated with these loans because they are fully guaranteed by the SBA.
Collateral-dependent Loans and Non-accrual Loans With No Related Allowance by Class
(Dollar amounts in thousands)
Type of CollateralNon-accrual Loans
With No Related
Allowance
Real
Estate		Blanket
Lien		Equipment
As of June 30, 2021
Commercial and industrial$21,132 $28,250 $1,053 $38,169 
Agricultural6,628 — — 4,203 
Commercial real estate:
Office, retail, and industrial24,710 — — 9,063 
Multi-family2,965 — — 2,965 
Construction3,349 — — 1,476 
Other commercial real estate36,660 — — 10,582 
Total commercial real estate67,684 — — 24,086 
Total corporate loans95,444 28,250 1,053 66,458 
Home equity102 — — 102 
1-4 family mortgages1,208 — — — 
Installment— — — — 
Total consumer loans1,310 — — 102 
Total loans$96,754 $28,250 $1,053 $66,560 
As of December 31, 2020
Commercial and industrial$27,007 $35,632 $2,555 $36,686 
Agricultural8,583 1,737 — 5,213 
Commercial real estate:
Office, retail, and industrial42,790 — — 23,508 
Multi-family2,097 — — 1,279 
Construction5,370 — — 1,831 
Other commercial real estate40,430 — — 20,158 
Total commercial real estate90,687 — — 46,776 
Total corporate loans126,277 37,369 2,555 88,675 
Home equity211 — — 99 
1-4 family mortgages2,807 — — 578 
Installment— — — — 
Total consumer loans3,018 — — 677 
Total loans$129,295 $37,369 $2,555 $89,352 
Loans Individually Evaluated
The following table presents loans individually evaluated by class of loan as of June 30, 2021 and December 31, 2020. PCD loans are excluded from this disclosure.
Loans Individually Evaluated by Class
(Dollar amounts in thousands)
 As of June 30, 2021As of December 31, 2020
 Recorded Investment In Recorded Investment In 
 Loans with
No Specific
Allowance		Loans with
a Specific
Allowance		Unpaid
Principal
Balance		Specific
Allowance		Loans with
No Specific
Allowance		Loans with
a Specific
Allowance		Unpaid
Principal
Balance		Specific
Allowance
Commercial and industrial$28,372 $11,178 $49,061 $4,276 $33,643 $1,687 $40,055 $398 
Agricultural4,203 2,425 11,097 1,130 5,213 5,107 14,972 3,138 
Commercial real estate:        
Office, retail, and industrial7,223 9,130 18,085 324 21,537 4,847 30,474 1,123 
Multi-family2,171 — 2,171 — 1,279 — 1,279 — 
Construction1,154 — 1,154 — 1,154 — 1,507 — 
Other commercial real estate3,514 9,400 13,629 123 12,822 914 14,240 171 
Total commercial real estate14,062 18,530 35,039 447 36,792 5,761 47,500 1,294 
Total corporate loans46,637 32,133 95,197 5,853 75,648 12,555 102,527 4,830 
Consumer— — — — — — — — 
Total non-accrual loans
  individually evaluated		$46,637 $32,133 $95,197 $5,853 $75,648 $12,555 $102,527 $4,830 
Financing Receivable Credit Quality Indicators The following tables present credit quality indicators for corporate and consumer loans on an amortized cost basis as of June 30, 2021 and net loan charge-offs for the six months ended June 30, 2021. PPP loans are excluded from this table as there is no allowance for credit losses associated with these loans because they are fully guaranteed by the SBA. For a summary of credit quality indicators as of December 31, 2020, see Note 7, "Past Due Loans, Allowance for Credit Losses, Impaired Loans, and TDRs," in the Company's 2020 10-K.
Corporate Loan Portfolio by Origination Year
(Dollar amounts in thousands)
 
2021(1)
2020201920182017Prior
Revolving
Loans
Total
Commercial, industrial, agricultural:    
Pass$447,821 $717,836 $732,743 $654,037 $363,744 $497,033 $1,189,785 $4,602,999 
Special Mention(2)
1,389 1,767 32,583 50,046 924 25,009 33,922 145,640 
Substandard(3)
399 625 18,209 61,422 15,454 35,961 17,980 150,050 
Non-accrual(4)
1,182 2,430 10,425 19,481 2,382 12,666 3,727 52,293 
Total commercial,
  industrial,
  agricultural		$450,791 $722,658 $793,960 $784,986 $382,504 $570,669 $1,245,414 $4,950,982 
Commercial, industrial,
  agricultural, net loan
  charge-offs		$— $775 $752 $4,317 $9,775 $172 $1,045 $16,836 
Office, retail, and industrial:
Pass$87,564 $139,618 $227,270 $173,567 $244,300 $789,382 $10,689 $1,672,390 
Special Mention(2)
— 314 2,906 5,767 8,917 33,752 — 51,656 
Substandard(3)
— 632 — 21,325 2,465 39,476 — 63,898 
Non-accrual(4)
— — — 131 169 19,184 — 19,484 
Total office, retail,
  and industrial		$87,564 $140,564 $230,176 $200,790 $255,851 $881,794 $10,689 $1,807,428 
Office, retail, and
  industrial net loan
  charge-offs		$— $— $261 $3,899 $1,023 $3,072 $— $8,255 
Multi-family:
Pass$131,931 $152,933 $160,428 $77,857 $125,443 $286,737 $17,976 $953,305 
Special Mention(2)
— — — 9,918 — 35,754 — 45,672 
Substandard(3)
— — — 380 71 9,879 — 10,330 
Non-accrual(4)
— — — — 935 2,480 — 3,415 
Total multi-family$131,931 $152,933 $160,428 $88,155 $126,449 $334,850 $17,976 $1,012,722 
Multi-family net loan
  charge-offs		$— $— $— $— $4 $(7)$— $(3)
Construction:
Pass$38,449 $113,848 $98,665 $135,066 $74,662 $77,655 $25,429 $563,774 
Special Mention(2)
— — — 40 — 72 — 112 
Substandard(3)
— — — — 1,395 9,088 — 10,483 
Non-accrual(4)
— — — — 1,154 1,815 — 2,969 
Total construction$38,449 $113,848 $98,665 $135,106 $77,211 $88,630 $25,429 $577,338 
Construction net loan
  charge-offs		$— $— $— $— $(10)$177 $41 $208 
Other commercial real estate:
Pass$154,306 $173,606 $149,218 $216,066 $143,310 $380,975 $28,641 $1,246,122 
Special Mention(2)
— — 24,432 13,724 22,808 39,503 — 100,467 
Substandard(3)
— — 1,919 17,101 20,747 50,957 242 90,966 
Non-accrual(4)
— — — 312 1,138 22,202 163 23,815 
Total other
  commercial real
  estate		$154,306 $173,606 $175,569 $247,203 $188,003 $493,637 $29,046 $1,461,370 
Other commercial real
  estate net loan charge-
  offs		$— $— $— $246 $(62)$646 $— $830 
(1)Represents year-to-date loans originated during 2021.
(2)Loans categorized as special mention exhibit potential weaknesses that require the close attention of management since these potential weaknesses may result in the deterioration of repayment prospects in the future.
(3)Loans categorized as substandard exhibit well-defined weaknesses that may jeopardize the liquidation of the debt. These loans continue to accrue interest because they are well-secured, and collection of principal and interest is expected within a reasonable time.
(4)Loans categorized as non-accrual exhibit well-defined weaknesses that may jeopardize the liquidation of the debt or result in a loss if the deficiencies are not corrected.
Consumer Loan Portfolio by Origination Year
(Dollar amounts in thousands)
 
2021(1)
2020201920182017Prior
Revolving
Loans
Total
Home equity:     
Performing$5,020 $11,149 $8,859 $11,199 $9,246 $53,069 $520,877 $619,419 
Non-accrual— — — 538 226 6,961 2,223 9,948 
Total home equity$5,020 $11,149 $8,859 $11,737 $9,472 $60,030 $523,100 $629,367 
Home equity net
  loan charge-offs		$— $— $— $26 $(42)$(112)$(14)$(142)
1-4 family mortgages:
Performing$371,229 $1,696,057 $683,454 $141,720 $90,860 $291,895 $— $3,275,215 
Non-accrual— 863 384 627 638 10,046 — 12,558 
Total 1-4 family
  mortgages		$371,229 $1,696,920 $683,838 $142,347 $91,498 $301,941 $— $3,287,773 
1-4 family mortgages
  net loan charge-offs		$— $— $— $2 $— $208 $— $210 
Installment:
Performing$138,273 $148,363 $126,842 $87,780 $37,576 $25,380 $38,110 $602,324 
Non-accrual— — — — — — — — 
Total installment$138,273 $148,363 $126,842 $87,780 $37,576 $25,380 $38,110 $602,324 
Installment net loan
  charge-offs		$14 $959 $2,072 $1,170 $193 $(115)$27 $4,320 
(1)Represents year-to-date loans originated during 2021.
During the quarter and six months ended June 30, 2021, $9.7 million and $21.1 million, respectively, and $16.8 million and $23.8 million, for the same periods in 2020, of revolving loans converted to term loans.
Troubled Debt Restructuring Activity Rollforward The table below presents TDRs by class as of June 30, 2021 and December 31, 2020. See Note 1, "Summary of Significant Accounting Policies," for the accounting policy for TDRs.
TDRs by Class
(Dollar amounts in thousands)
 As of June 30, 2021As of December 31, 2020
 Accruing
Non-accrual(1)
TotalAccruing
Non-accrual(1)
Total
Commercial and industrial$— $6,923 $6,923 $— $8,859 $8,859 
Agricultural— — — — — — 
Commercial real estate:      
Office, retail, and industrial— — — — 2,340 2,340 
Multi-family— 153 153 — 160 160 
Construction— — — — — — 
Other commercial real estate164 — 164 184 — 184 
Total commercial real estate164 153 317 184 2,500 2,684 
Total corporate loans164 7,076 7,240 184 11,359 11,543 
Home equity30 108 138 31 116 147 
1-4 family mortgages588 219 807 598 228 826 
Installment— — — — — — 
Total consumer loans618 327 945 629 344 973 
Total loans$782 $7,403 $8,185 $813 $11,703 $12,516 
(1)These TDRs are included in non-accrual loans in the preceding tables.
A rollforward of the carrying value of TDRs for the quarters and six months ended June 30, 2021 and 2020 is presented in the following table.
TDR Rollforward
(Dollar amounts in thousands)
Quarters Ended 
 June 30,		Six Months Ended 
 June 30,
2021202020212020
Accruing
Beginning balance$798 $1,216 $813 $1,233 
Additions— — — — 
Net payments(16)(15)(31)(32)
Net transfers to non-accrual— — — — 
Ending balance782 1,201 782 1,201 
Non-accrual
Beginning balance8,011 17,917 11,703 20,514 
Additions— — — 934 
Net payments(609)(2,595)(3,274)(3,253)
Charge-offs1 (3,229)(1,026)(6,102)
Net transfers from accruing— — — — 
Ending balance7,403 12,093 7,403 12,093 
Total TDRs$8,185 $13,294 $8,185 $13,294