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Past Due Loans, Allowance For Credit Losses, Non-Accrual Loans, and TDRS (Tables)
 9 Months Ended
Sep. 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 September 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 September 30, 2021       
Commercial and industrial$4,687,711 $6,475 $11,272 $17,747 $4,705,458 $14,616 $722 
Agricultural344,374 1,388 3,397 4,785 349,159 6,682 — 
Commercial real estate:  
Office, retail, and industrial1,738,178 15,351 12,063 27,414 1,765,592 20,632 — 
Multi-family1,077,754 2,085 3,102 5,187 1,082,941 3,450 — 
Construction592,433 920 1,851 2,771 595,204 1,851 — 
Other commercial real estate1,388,152 6,314 14,489 20,803 1,408,955 18,060 32 
Total commercial real estate4,796,517 24,670 31,505 56,175 4,852,692 43,993 32 
Total corporate loans,
  excluding PPP loans		9,828,602 32,533 46,174 78,707 9,907,309 65,291 754 
PPP loans384,100 — — — 384,100 — — 
Total corporate loans10,212,702 32,533 46,174 78,707 10,291,409 65,291 754 
Home equity585,157 2,043 3,926 5,969 591,126 10,006 75 
1-4 family mortgages3,319,223 3,978 9,531 13,509 3,332,732 12,786 — 
Installment570,600 2,401 464 2,865 573,465 — 464 
Total consumer loans4,474,980 8,422 13,921 22,343 4,497,323 22,792 539 
Total loans$14,687,682 $40,955 $60,095 $101,050 $14,788,732 $88,083 $1,293 
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 nine months ended September 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 September 30, 2021       
Beginning balance$116,396 $17,992 $3,459 $4,924 $20,058 $51,772 $8,625 $223,226 
Charge-offs(7,081)(673)(1)(1,153)(857)(1,992)— (11,757)
Recoveries2,116 117 — 167 28 969 — 3,397 
Net charge-offs(4,965)(556)(1)(986)(829)(1,023)— (8,360)
Provision for loan
  losses and other		508 272 172 (210)693 (1,435)— — 
Ending balance$111,939 $17,708 $3,630 $3,728 $19,922 $49,314 $8,625 $214,866 
Quarter Ended September 30, 2020       
Beginning balance$123,977 $24,441 $5,311 $11,522 $21,862 $52,939 $7,625 $247,677 
Allowance established
  for acquired PCD
  loans		(1,188)— — — — — — (1,188)
Charge-offs(6,853)(1,344)— (4,889)(1,823)(2,629)— (17,538)
Recoveries1,118 5 — — 70 602 — 1,795 
Net charge-offs(5,735)(1,339)— (4,889)(1,753)(2,027)— (15,743)
Provision for loan
  losses and other		8,674 1,636 428 99 3,522 1,568 200 16,127 
Ending balance$125,728 $24,738 $5,739 $6,732 $23,631 $52,480 $7,825 $246,873 
Nine Months Ended September 30, 2021      
Beginning balance$119,954 $24,078 $5,709 $6,674 $24,309 $58,293 $8,025 $247,042 
Charge-offs(26,688)(9,048)(5)(1,371)(1,928)(7,661)— (46,701)
Recoveries4,887 237 7 177 269 2,250 — 7,827 
Net charge-offs(21,801)(8,811)2 (1,194)(1,659)(5,411)— (38,874)
Provision for loan
  losses and other		13,786 2,441 (2,081)(1,752)(2,728)(3,568)600 6,698 
Ending balance$111,939 $17,708 $3,630 $3,728 $19,922 $49,314 $8,625 $214,866 
Nine Months Ended September 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		11,452 2,003 — — — 39 872 14,366 
Charge-offs(19,592)(4,774)(19)(7,495)(2,162)(11,660)— (45,702)
Recoveries3,097 20 5 — 226 1,574 — 4,922 
Net charge-offs(16,495)(4,754)(14)(7,495)(1,936)(10,086)— (40,780)
Provision for loan
  losses and other		47,782 8,223 2,406 2,230 7,732 19,735 200 88,308 
Ending balance$125,728 $24,738 $5,739 $6,732 $23,631 $52,480 $7,825 $246,873 
(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 September 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 September 30, 2021        
Commercial, industrial,
  agricultural		$14,580 $4,993,501 $46,536 $5,054,617 $1,499 $105,470 $4,970 $111,939 
Commercial real estate:       
Office, retail, and industrial12,498 1,719,005 34,089 1,765,592 384 13,902 3,422 17,708 
Multi-family2,171 1,074,323 6,447 1,082,941 — 3,555 75 3,630 
Construction1,154 582,683 11,367 595,204 — 3,406 322 3,728 
Other commercial real estate11,993 1,353,603 43,359 1,408,955 164 10,083 9,675 19,922 
Total commercial real estate27,816 4,729,614 95,262 4,852,692 548 30,946 13,494 44,988 
Total corporate loans,
  excluding PPP loans		42,396 9,723,115 141,798 9,907,309 2,047 136,416 18,464 156,927 
PPP loans— 384,100 — 384,100 — — — — 
Total corporate loans42,396 10,107,215 141,798 10,291,409 2,047 136,416 18,464 156,927 
Consumer— 4,477,967 19,356 4,497,323 — 48,815 499 49,314 
Allowance for unfunded
  commitments		— — — — — 8,625 — 8,625 
Total loans$42,396 $14,585,182 $161,154 $14,788,732 $2,047 $193,856 $18,963 $214,866 
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 September 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 September 30, 2021
Commercial and industrial$4,296 $11,572 $923 $10,619 
Agricultural6,445 — — 2,784 
Commercial real estate:
Office, retail, and industrial20,285 — — 11,868 
Multi-family2,950 — — 2,950 
Construction2,223 — — 327 
Other commercial real estate30,952 — — 6,475 
Total commercial real estate56,410 — — 21,620 
Total corporate loans67,151 11,572 923 35,023 
Home equity96 — — 96 
1-4 family mortgages1,130 — — — 
Installment— — — — 
Total consumer loans1,226 — — 96 
Total loans$68,377 $11,572 $923 $35,119 
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 September 30, 2021 and December 31, 2020. PCD loans are excluded from this disclosure.
Loans Individually Evaluated by Class
(Dollar amounts in thousands)
 As of September 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$7,284 $850 $22,314 $294 $33,643 $1,687 $40,055 $398 
Agricultural2,784 3,662 10,917 1,205 5,213 5,107 14,972 3,138 
Commercial real estate:        
Office, retail, and industrial10,643 1,855 14,849 384 21,537 4,847 30,474 1,123 
Multi-family2,171 — 2,171 — 1,279 — 1,279 — 
Construction— 1,154 1,182 — 1,154 — 1,507 — 
Other commercial real estate2,593 9,400 12,863 164 12,822 914 14,240 171 
Total commercial real estate15,407 12,409 31,065 548 36,792 5,761 47,500 1,294 
Total corporate loans25,475 16,921 64,296 2,047 75,648 12,555 102,527 4,830 
Consumer— — — — — — — — 
Total non-accrual loans
  individually evaluated		$25,475 $16,921 $64,296 $2,047 $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 September 30, 2021 and net loan charge-offs for the nine months ended September 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$752,464 $641,813 $723,079 $588,007 $308,785 $430,650 $1,280,272 $4,725,070 
Special Mention(2)
2,370 894 26,523 37,174 20,750 32,822 36,094 156,627 
Substandard(3)
252 2,039 21,011 64,985 22,195 19,296 21,844 151,622 
Non-accrual(4)
— 1,046 1,587 2,432 2,141 13,128 964 21,298 
Total commercial,
  industrial,
  agricultural		$755,086 $645,792 $772,200 $692,598 $353,871 $495,896 $1,339,174 $5,054,617 
Commercial, industrial,
  agricultural, net loan
  charge-offs		$— $835 $4,738 $4,745 $9,770 $(873)$2,586 $21,801 
Office, retail, and industrial:
Pass$139,452 $138,270 $205,148 $157,894 $238,194 $727,319 $14,479 $1,620,756 
Special Mention(2)
1,717 312 4,577 3,301 17,234 35,009 — 62,150 
Substandard(3)
732 628 — 15,922 5,330 39,442 — 62,054 
Non-accrual(4)
— — — — 324 20,308 — 20,632 
Total office, retail,
  and industrial		$141,901 $139,210 $209,725 $177,117 $261,082 $822,078 $14,479 $1,765,592 
Office, retail, and
  industrial net loan
  charge-offs		$— $— $246 $3,899 $1,023 $3,643 $— $8,811 
Multi-family:
Pass$220,347 $154,304 $153,338 $80,207 $117,350 $277,778 $18,237 $1,021,561 
Special Mention(2)
— — 5,775 4,385 — 31,356 — 41,516 
Substandard(3)
— — — 378 70 15,966 — 16,414 
Non-accrual(4)
— — — — 935 2,515 — 3,450 
Total multi-family$220,347 $154,304 $159,113 $84,970 $118,355 $327,615 $18,237 $1,082,941 
Multi-family net loan
  charge-offs		$— $— $— $— $5 $(7)$— $(2)
Construction:
Pass$62,941 $135,694 $89,579 $133,832 $62,946 $73,511 $24,970 $583,473 
Special Mention(2)
— — — 38 — 162 — 200 
Substandard(3)
— — — — 1,392 8,288 — 9,680 
Non-accrual(4)
— — — — 1,154 697 — 1,851 
Total construction$62,941 $135,694 $89,579 $133,870 $65,492 $82,658 $24,970 $595,204 
Construction net loan
  charge-offs		$— $— $— $— $1,104 $49 $41 $1,194 
Other commercial real estate:
Pass$180,456 $167,456 $157,047 $206,984 $138,750 $335,895 $23,160 $1,209,748 
Special Mention(2)
— — 24,396 12,462 10,464 22,403 — 69,725 
Substandard(3)
— — 1,912 30,358 20,727 58,183 242 111,422 
Non-accrual(4)
— — — 205 1,056 16,658 141 18,060 
Total other
  commercial real
  estate		$180,456 $167,456 $183,355 $250,009 $170,997 $433,139 $23,543 $1,408,955 
Other commercial real
  estate net loan charge-
  offs		$— $— $— $245 $11 $1,403 $— $1,659 
(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$7,471 $10,778 $8,168 $9,650 $8,508 $48,409 $488,136 $581,120 
Non-accrual— — 62 453 223 7,049 2,219 10,006 
Total home equity$7,471 $10,778 $8,230 $10,103 $8,731 $55,458 $490,355 $591,126 
Home equity net
  loan charge-offs		$— $— $— $27 $(42)$(347)$(26)$(388)
1-4 family mortgages:
Performing$908,935 $1,579,102 $379,230 $118,836 $74,276 $258,947 $620 $3,319,946 
Non-accrual— 982 380 627 636 10,161 — 12,786 
Total 1-4 family
  mortgages		$908,935 $1,580,084 $379,610 $119,463 $74,912 $269,108 $620 $3,332,732 
1-4 family mortgages
  net loan charge-offs		$— $— $— $2 $— $247 $— $249 
Installment:
Performing$165,389 $132,025 $108,820 $74,939 $31,654 $18,255 $42,383 $573,465 
Non-accrual— — — — — — — — 
Total installment$165,389 $132,025 $108,820 $74,939 $31,654 $18,255 $42,383 $573,465 
Installment net loan
  charge-offs		$247 $1,323 $2,590 $1,439 $97 $(182)$36 $5,550 
(1)Represents year-to-date loans originated during 2021.
During the quarter and nine months ended September 30, 2021, $12.9 million and $34.0 million, respectively, and $5.2 million and $29.0 million, for the same periods in 2020, of revolving loans converted to term loans.
Troubled Debt Restructuring Activity Rollforward The table below presents TDRs by class as of September 30, 2021 and December 31, 2020. See Note 1, "Summary of Significant Accounting Policies," for the accounting policy for TDRs.
TDRs by Class
(Dollar amounts in thousands)
 As of September 30, 2021As of December 31, 2020
 Accruing
Non-accrual(1)
TotalAccruing
Non-accrual(1)
Total
Commercial and industrial$— $6,255 $6,255 $— $8,859 $8,859 
Agricultural— — — — — — 
Commercial real estate:      
Office, retail, and industrial— — — — 2,340 2,340 
Multi-family— 151 151 — 160 160 
Construction— — — — — — 
Other commercial real estate155 — 155 184 — 184 
Total commercial real estate155 151 306 184 2,500 2,684 
Total corporate loans155 6,406 6,561 184 11,359 11,543 
Home equity29 103 132 31 116 147 
1-4 family mortgages355 217 572 598 228 826 
Installment— — — — — — 
Total consumer loans384 320 704 629 344 973 
Total loans$539 $6,726 $7,265 $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 nine months ended September 30, 2021 and 2020 is presented in the following table.
TDR Rollforward
(Dollar amounts in thousands)
Quarters Ended 
 September 30,		Nine Months Ended 
 September 30,
2021202020212020
Accruing
Beginning balance$782 $1,201 $813 $1,233 
Additions— — — — 
Net payments(243)(13)(274)(45)
Net transfers to non-accrual— (347)— (347)
Ending balance539 841 539 841 
Non-accrual
Beginning balance7,403 12,093 11,703 20,514 
Additions— 11,636 — 11,636 
Net payments(677)(5,886)(3,951)(8,205)
Charge-offs— (2,353)(1,026)(8,455)
Net transfers from accruing— 347 — 347 
Ending balance6,726 15,837 6,726 15,837 
Total TDRs$7,265 $16,678 $7,265 $16,678