LOANS AND ALLOWANCE FOR PROBABLE LOAN LOSSES (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
Receivables [Abstract] |
|
Classification of loans in the consolidated balance sheets |
Loans in the accompanying consolidated balance sheets are classified as follows (in thousands): | | | | | | | | | | | | December 31, 2018 | | December 31, 2017 | Real Estate Loans: | | | | | Construction | | $ | 507,732 |
| | $ | 475,867 |
| 1-4 Family Residential | | 794,499 |
| | 805,341 |
| Commercial | | 1,194,118 |
| | 1,265,159 |
| Commercial Loans | | 356,649 |
| | 266,422 |
| Municipal Loans | | 353,370 |
| | 345,798 |
| Loans to Individuals | | 106,431 |
| | 135,769 |
| Total Loans | | 3,312,799 |
| | 3,294,356 |
| Less: Allowance for Loan Losses (1) | | 27,019 |
| | 20,781 |
| Net Loans | | $ | 3,285,780 |
| | $ | 3,273,575 |
|
| | (1) | Loans acquired with the Diboll acquisition were measured at fair value on November 30, 2017, with no carryover of allowance for loan loss. The allowance for loan loss recorded on PCI loans totaled $302,000 as of December 31, 2018. There was no allowance for loan loss recorded on PCI loans as of December 31, 2017. |
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Activity in the allowance for loan losses by portfolio segment |
The following tables detail activity in the allowance for loan losses by portfolio segment for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total | Balance at beginning of period (1) | | $ | 3,676 |
| | $ | 2,445 |
| | $ | 10,821 |
| | $ | 2,094 |
| | $ | 860 |
| | $ | 885 |
| | $ | 20,781 |
| Provision (reversal) for loan losses (2) | | (72 | ) | | 1,134 |
| | 3,894 |
| | 2,392 |
| | (335 | ) | | 1,424 |
| | 8,437 |
| Loans charged off | | (14 | ) | | (91 | ) | | (783 | ) | | (756 | ) | | — |
| | (2,602 | ) | | (4,246 | ) | Recoveries of loans charged off | | 7 |
| | 356 |
| | 36 |
| | 244 |
| | — |
| | 1,404 |
| | 2,047 |
| Balance at end of period | | $ | 3,597 |
| | $ | 3,844 |
| | $ | 13,968 |
| | $ | 3,974 |
| | $ | 525 |
| | $ | 1,111 |
| | $ | 27,019 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2017 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total | Balance at beginning of period | | $ | 4,147 |
| | $ | 2,665 |
| | $ | 7,204 |
| | $ | 2,263 |
| | $ | 750 |
| | $ | 882 |
| | $ | 17,911 |
| Provision (reversal) for loan losses (2) | | (437 | ) | | 65 |
| | 3,604 |
| | 242 |
| | 110 |
| | 1,091 |
| | 4,675 |
| Loans charged off | | (35 | ) | | (304 | ) | | — |
| | (723 | ) | | — |
| | (2,391 | ) | | (3,453 | ) | Recoveries of loans charged off | | 1 |
| | 19 |
| | 13 |
| | 312 |
| | — |
| | 1,303 |
| | 1,648 |
| Balance at end of period (1) | | $ | 3,676 |
| | $ | 2,445 |
| | $ | 10,821 |
| | $ | 2,094 |
| | $ | 860 |
| | $ | 885 |
| | $ | 20,781 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2016 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans (3) | | Municipal Loans | | Loans to Individuals | | Total | Balance at beginning of period | | $ | 4,350 |
| | $ | 2,595 |
| | $ | 4,577 |
| | $ | 6,596 |
| | $ | 725 |
| | $ | 893 |
| | $ | 19,736 |
| Provision (reversal) for loan losses (2) | | (472 | ) | | (28 | ) | | 2,604 |
| | 6,397 |
| | (224 | ) | | 1,503 |
| | 9,780 |
| Loans charged off (3) | | — |
| | (43 | ) | | — |
| | (11,396 | ) | | — |
| | (2,948 | ) | | (14,387 | ) | Recoveries of loans charged off | | 269 |
| | 141 |
| | 23 |
| | 666 |
| | 249 |
| | 1,434 |
| | 2,782 |
| Balance at end of period | | $ | 4,147 |
| | $ | 2,665 |
| | $ | 7,204 |
| | $ | 2,263 |
| | $ | 750 |
| | $ | 882 |
| | $ | 17,911 |
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(1) Loans acquired with the Diboll acquisition were measured at fair value on November 30, 2017 with no carryover of allowance for loan loss. (2) Of the $8.4 million in provision for loan losses for the year ended December 31, 2018, $302,000 related to provision expense on PCI loans. Of the $4.7 million and $9.8 million recorded in provision for loan losses for the year ended December 31, 2017 and 2016, respectively, none related to provision expense on PCI loans. | | (3) | Of the $11.4 million in commercial charge-offs recorded for the year ended December 31, 2016, $10.9 million relates to the charge-off of two large commercial borrowing relationships. |
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Balance in the allowance for loan losses by portfolio segment based on impairment method |
The following tables present the balance in the allowance for loan losses by portfolio segment based on impairment method (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total | Ending balance – individually evaluated for impairment (1) | | $ | 13 |
| | $ | 40 |
| | $ | 5,337 |
| | $ | 368 |
| | $ | 1 |
| | $ | 149 |
| | $ | 5,908 |
| Ending balance – collectively evaluated for impairment | | 3,584 |
| | 3,804 |
| | 8,631 |
| | 3,606 |
| | 524 |
| | 962 |
| | 21,111 |
| Balance at end of period | | $ | 3,597 |
| | $ | 3,844 |
| | $ | 13,968 |
| | $ | 3,974 |
| | $ | 525 |
| | $ | 1,111 |
| | $ | 27,019 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total | Ending balance – individually evaluated for impairment (1) | | $ | 12 |
| | $ | 14 |
| | $ | 14 |
| | $ | 252 |
| | $ | 10 |
| | $ | 51 |
| | $ | 353 |
| Ending balance – collectively evaluated for impairment | | 3,664 |
| | 2,431 |
| | 10,807 |
| | 1,842 |
| | 850 |
| | 834 |
| | 20,428 |
| Balance at end of period | | $ | 3,676 |
| | $ | 2,445 |
| | $ | 10,821 |
| | $ | 2,094 |
| | $ | 860 |
| | $ | 885 |
| | $ | 20,781 |
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| | (1) | The allowance for loan loss on PCI loans totaled $302,000 as of December 31, 2018. There was no allowance for loan losses associated with PCI loans as of December 31, 2017 |
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Balance in recorded investments in loans by portfolio segment based on impairment method |
The following tables present the recorded investment in loans by portfolio segment based on impairment method (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | | Real Estate | | | | | | | | | | | Construction |
| | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total |
| Loans individually evaluated for impairment | | $ | 12 |
| | $ | 1,215 |
| | $ | 33,013 |
| | $ | 1,394 |
| | $ | 429 |
| | $ | 184 |
| | $ | 36,247 |
| Loans collectively evaluated for impairment | | 507,564 |
| | 782,614 |
| | 1,128,220 |
| | 353,036 |
| | 352,941 |
| | 105,775 |
| | 3,230,150 |
| Purchased credit impaired loans (1) | | 156 |
| | 10,670 |
| | 32,885 |
| | 2,219 |
| | — |
| | 472 |
| | 46,402 |
| Total ending loan balance | | $ | 507,732 |
| | $ | 794,499 |
| | $ | 1,194,118 |
| | $ | 356,649 |
| | $ | 353,370 |
| | $ | 106,431 |
| | $ | 3,312,799 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | | | Real Estate | | | | | | | | | | | Construction | | 1-4 Family Residential | | Commercial | | Commercial Loans | | Municipal Loans | | Loans to Individuals | | Total | Loans individually evaluated for impairment | | $ | 86 |
| | $ | 1,581 |
| | $ | 895 |
| | $ | 1,429 |
| | $ | 502 |
| | $ | 205 |
| | $ | 4,698 |
| Loans collectively evaluated for impairment | | 475,505 |
| | 797,111 |
| | 1,232,327 |
| | 259,745 |
| | 345,296 |
| | 134,441 |
| | 3,244,425 |
| Purchased credit impaired loans | | 276 |
| | 6,649 |
| | 31,937 |
| | 5,248 |
| | — |
| | 1,123 |
| | 45,233 |
| Total ending loan balance | | $ | 475,867 |
| | $ | 805,341 |
| | $ | 1,265,159 |
| | $ | 266,422 |
| | $ | 345,798 |
| | $ | 135,769 |
| | $ | 3,294,356 |
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(1) At December 31, 2018, PCI totals include approximately $14.0 million in new funds to a borrower that has since been upgraded to a Pass credit.
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Summary of loans by credit quality indicators |
The following tables set forth credit quality indicators by class of loans for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | | Pass | | Pass Watch (1) | | Special Mention (1) | | Substandard (1) | | Doubtful (1) | | Total | Real Estate Loans: | | | | | | | | | | | | | Construction | | $ | 507,529 |
| | $ | 163 |
| | $ | — |
| | $ | 28 |
| | $ | 12 |
| | $ | 507,732 |
| 1-4 Family Residential | | 787,516 |
| | 37 |
| | 100 |
| | 5,489 |
| | 1,357 |
| | 794,499 |
| Commercial | | 1,067,874 |
| | 11,479 |
| | 26,490 |
| | 87,767 |
| | 508 |
| | 1,194,118 |
| Commercial Loans | | 349,495 |
| | 520 |
| | 3,189 |
| | 2,988 |
| | 457 |
| | 356,649 |
| Municipal Loans | | 353,370 |
| | — |
| | — |
| | — |
| | — |
| | 353,370 |
| Loans to Individuals | | 105,536 |
| | 4 |
| | 4 |
| | 678 |
| | 209 |
| | 106,431 |
| Total | | $ | 3,171,320 |
| | $ | 12,203 |
| | $ | 29,783 |
| | $ | 96,950 |
| | $ | 2,543 |
| | $ | 3,312,799 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | | | Pass | | Pass Watch (1) | | Special Mention (1) | | Substandard (1) | | Doubtful(1) | | Total | Real Estate Loans: | | | | | | | | | | | | | Construction | | $ | 471,446 |
| | $ | 3,329 |
| | $ | 77 |
| | $ | 982 |
| | $ | 33 |
| | $ | 475,867 |
| 1-4 Family Residential | | 796,639 |
| | 559 |
| | 857 |
| | 6,610 |
| | 676 |
| | 805,341 |
| Commercial | | 1,136,576 |
| | 26,275 |
| | 25,301 |
| | 76,625 |
| | 382 |
| | 1,265,159 |
| Commercial Loans | | 247,430 |
| | 9,625 |
| | 3,956 |
| | 5,203 |
| | 208 |
| | 266,422 |
| Municipal Loans | | 344,366 |
| | — |
| | 930 |
| | 502 |
| | — |
| | 345,798 |
| Loans to Individuals | | 134,694 |
| | 20 |
| | 102 |
| | 707 |
| | 246 |
| | 135,769 |
| Total | | $ | 3,131,151 |
| | $ | 39,808 |
| | $ | 31,223 |
| | $ | 90,629 |
| | $ | 1,545 |
| | $ | 3,294,356 |
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| | (1) | Includes PCI loans comprised of $22,000 pass watch, $859,000 special mention, $3.9 million substandard and $1.2 million doubtful as of December 31, 2018. Includes PCI loans comprised of $362,000 pass watch, $6.0 million special mention, $10.5 million substandard and $925,000 doubtful as of December 31, 2017. |
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Summary of nonperforming assets for the period |
The following table sets forth nonperforming assets for the periods presented (in thousands): | | | | | | | | | | | | December 31, 2018 | | December 31, 2017 | Nonaccrual loans (1) (2) | | $ | 35,770 |
| | $ | 2,937 |
| Accruing loans past due more than 90 days (1) | | — |
| | 1 |
| Restructured loans (3) | | 5,930 |
| | 5,767 |
| Other real estate owned | | 1,206 |
| | 1,613 |
| Repossessed assets | | — |
| | 154 |
| Total Nonperforming Assets | | $ | 42,906 |
| | $ | 10,472 |
|
| | (1) | Excludes PCI loans measured at fair value at acquisition if the timing and amount of cash flows expected to be collected from those sales can be reasonably estimated. The increase in nonaccrual loans was primarily due to the addition of four commercial real estate loans to nonaccrual status during the year, one of which was added during the fourth quarter. |
| | (2) | Includes $10.9 million and $1.3 million of restructured loans as of December 31, 2018 and 2017, respectively. |
| | (3) | Includes $3.1 million and $2.9 million in PCI loans restructured as of December 31, 2018 and 2017, respectively. |
|
Recorded investment in nonaccrual by class of loans |
The following table sets forth the recorded investment in nonaccrual loans by class of loans for the periods presented (in thousands). The table excludes PCI loans measured at fair value at acquisition: | | | | | | | | | | | | Nonaccrual Loans | | | December 31, 2018 | | December 31, 2017 | Real Estate Loans: | | | | | Construction | | $ | 12 |
| | $ | 86 |
| 1-4 Family Residential | | 2,202 |
| | 1,098 |
| Commercial | | 32,599 |
| | 595 |
| Commercial Loans | | 639 |
| | 903 |
| Loans to Individuals | | 318 |
| | 255 |
| Total | | $ | 35,770 |
| | $ | 2,937 |
|
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Summary of impaired loans by class of loans for the period |
The following tables set forth impaired loans by class of loans, including the unpaid contractual principal balance, the recorded investment and the allowance for loan losses for the periods presented (in thousands). Impaired loans include restructured and nonaccrual loans for which the allowance was measured in accordance with section 310-10 of ASC Topic 310, “Receivables.” There were no impaired loans recorded without an allowance for the years ended December 31, 2018 or 2017. | | | | | | | | | | | | | | | | December 31, 2018 | | | Unpaid Contractual Principal Balance | | Recorded Investment | | Related Allowance for Loan Losses | Real Estate Loans: | | | | | | | Construction | | $ | 182 |
| | $ | 148 |
| | $ | 13 |
| 1-4 Family Residential | | 6,507 |
| | 5,923 |
| | 40 |
| Commercial | | 36,457 |
| | 34,744 |
| | 5,337 |
| Commercial Loans | | 2,874 |
| | 2,366 |
| | 368 |
| Municipal Loans | | 429 |
| | 429 |
| | 1 |
| Loans to Individuals | | 825 |
| | 657 |
| | 149 |
| Total (1) | | $ | 47,274 |
| | $ | 44,267 |
| | $ | 5,908 |
|
| | | | | | | | | | | | | | | | December 31, 2017 | | | Unpaid Contractual Principal Balance | | Recorded Investment | | Related Allowance for Loan Losses | Real Estate Loans: | | | | | | | Construction | | $ | 91 |
| | $ | 86 |
| | $ | 12 |
| 1-4 Family Residential | | 4,141 |
| | 3,952 |
| | 14 |
| Commercial | | 1,353 |
| | 1,199 |
| | 14 |
| Commercial Loans | | 1,665 |
| | 1,605 |
| | 252 |
| Municipal Loans | | 502 |
| | 502 |
| | 10 |
| Loans to Individuals | | 237 |
| | 205 |
| | 51 |
| Total (1) | | $ | 7,989 |
| | $ | 7,549 |
| | $ | 353 |
|
| | (1) | Includes $8.0 million and $2.9 million of PCI loans that experienced deterioration in credit quality subsequent to the acquisition date as of December 31, 2018 and December 31, 2017, respectively. |
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Aging of recorded investment in past due loans by class of loans |
The following tables present the aging of the recorded investment in past due loans by class of loans (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | | 30-59 Days Past Due | | 60-89 Days Past Due | | Greater than 90 Days Past Due | | Total Past Due | | Current (1) | | Total | Real Estate Loans: | | | | | | | | | | | | | Construction | | $ | 627 |
| | $ | 307 |
| | $ | — |
| | $ | 934 |
| | $ | 506,798 |
| | $ | 507,732 |
| 1-4 Family Residential | | 7,441 |
| | 1,258 |
| | 1,335 |
| | 10,034 |
| | 784,465 |
| | 794,499 |
| Commercial | | 10,663 |
| | 7,655 |
| | — |
| | 18,318 |
| | 1,175,800 |
| | 1,194,118 |
| Commercial Loans | | 1,946 |
| | 705 |
| | 591 |
| | 3,242 |
| | 353,407 |
| | 356,649 |
| Municipal Loans | | — |
| | — |
| | — |
| | — |
| | 353,370 |
| | 353,370 |
| Loans to Individuals | | 1,289 |
| | 351 |
| | 146 |
| | 1,786 |
| | 104,645 |
| | 106,431 |
| Total | | $ | 21,966 |
| | $ | 10,276 |
| | $ | 2,072 |
| | $ | 34,314 |
| | $ | 3,278,485 |
| | $ | 3,312,799 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | | | 30-59 Days Past Due | | 60-89 Days Past Due | | Greater than 90 Days Past Due | | Total Past Due | | Current (1) | | Total | Real Estate Loans: | | | | | | | | | | | | | Construction | | $ | 1,302 |
| | $ | 1,530 |
| | $ | 68 |
| | $ | 2,900 |
| | $ | 472,967 |
| | $ | 475,867 |
| 1-4 Family Residential | | 8,508 |
| | 1,574 |
| | 862 |
| | 10,944 |
| | 794,397 |
| | 805,341 |
| Commercial | | 1,357 |
| | 24 |
| | 5 |
| | 1,386 |
| | 1,263,773 |
| | 1,265,159 |
| Commercial Loans | | 662 |
| | 400 |
| | 333 |
| | 1,395 |
| | 265,027 |
| | 266,422 |
| Municipal Loans | | 422 |
| | — |
| | — |
| | 422 |
| | 345,376 |
| | 345,798 |
| Loans to Individuals | | 1,526 |
| | 373 |
| | 93 |
| | 1,992 |
| | 133,777 |
| | 135,769 |
| Total | | $ | 13,777 |
| | $ | 3,901 |
| | $ | 1,361 |
| | $ | 19,039 |
| | $ | 3,275,317 |
| | $ | 3,294,356 |
|
| | (1) | Includes PCI loans measured at fair value at acquisition if the timing and amount of cash flows expected to be collected from those sales can be reasonably estimated. |
|
Average recorded investment and interest income on impaired loans |
The following table sets forth average recorded investment and interest income recognized on impaired loans by class of loans for the periods presented (in thousands). The table excludes PCI loans measured at fair value at acquisition that have not experienced further deterioration in credit quality subsequent to the acquisition date:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2018 | | 2017 | | 2016 | | | Average Recorded Investment | | Interest Income Recognized | | Average Recorded Investment | | Interest Income Recognized | | Average Recorded Investment | | Interest Income Recognized | Real Estate Loans: | | | | | | | | | | | | | Construction | | $ | 149 |
| | $ | 7 |
| | $ | 251 |
| | $ | — |
| | $ | 510 |
| | $ | 22 |
| 1-4 Family Residential | | 4,193 |
| | 208 |
| | 4,264 |
| | 197 |
| | 3,247 |
| | 169 |
| Commercial | | 26,186 |
| | 65 |
| | 1,338 |
| | 30 |
| | 4,490 |
| | 63 |
| Commercial Loans | | 2,131 |
| | 102 |
| | 2,862 |
| | 59 |
| | 13,481 |
| | 48 |
| Municipal Loans | | 474 |
| | 26 |
| | 545 |
| | 30 |
| | 612 |
| | 33 |
| Loans to Individuals | | 250 |
| | 9 |
| | 244 |
| | 9 |
| | 257 |
| | 9 |
| Total | | $ | 33,383 |
| | $ | 417 |
| | $ | 9,504 |
| | $ | 325 |
| | $ | 22,597 |
| | $ | 344 |
|
|
Schedule of recorded investment in loans modified |
The following tables set forth the recorded balance of loans considered to be TDRs that were restructured and the type of concession during the periods presented (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | | Extend Amortization Period | | Interest Rate Reductions | | Combination | | Total Modifications | | Number of Contracts | Real Estate Loans: | | | | | | | | | | | 1-4 Family Residential | | $ | — |
| | $ | 79 |
| | $ | — |
| | $ | 79 |
| | 1 | Commercial | | 10,398 |
| | — |
| | 274 |
| | 10,672 |
| | 3 | Commercial Loans | | 211 |
| | — |
| | 215 |
| | 426 |
| | 13 | Loans to Individuals | | 8 |
| | 33 |
| | 51 |
| | 92 |
| | 5 | Total | | $ | 10,617 |
| | $ | 112 |
| | $ | 540 |
| | $ | 11,269 |
| | 22 |
| | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | | | Extend Amortization Period | | Interest Rate Reductions | | Combination | | Total Modifications | | Number of Contracts | | | | | | | | | | | | Commercial Loans | | $ | 778 |
| | $ | — |
| | $ | 241 |
| | $ | 1,019 |
| | 4 | Loans to Individuals | | 23 |
| | — |
| | 52 |
| | 75 |
| | 6 | Total | | $ | 801 |
| | $ | — |
| | $ | 293 |
| | $ | 1,094 |
| | 10 |
|
Schedule of acquired PCI loans |
The table below details the PCI loan portfolio at the Diboll acquisition date (in thousands): | | | | | | Purchased Credit Impaired Loans at Acquisition Date | Contractually required principal and interest payments | $ | 59,286 |
| Nonaccretable difference | 4,560 |
| Cash flows expected to be collected | 54,726 |
| Accretable difference | 15,389 |
| Fair value of loans acquired with a deterioration of credit quality | $ | 39,337 |
|
The following table presents the outstanding principal balance and carrying value for PCI loans for the periods presented (in thousands): | | | | | | | | | | December 31, 2018 | | December 31, 2017 | Outstanding principal balance (1) | $ | 51,388 |
| | $ | 52,426 |
| Carrying amount (1) | $ | 46,402 |
| | $ | 45,233 |
|
(1) At December 31, 2018, PCI totals include approximately $14.0 million in new funds to a borrower that has since been upgraded to a Pass credit.
|
Schedule of changes in accretable yield for PCI loans |
The following table presents the changes in the accretable yield during the periods for PCI loans (in thousands): | | | | | | | | | | December 31, 2018 | | December 31, 2017 | Balance at beginning of period | $ | 18,721 |
| | $ | 2,480 |
| Additions due to acquisition | — |
| | 15,389 |
| Changes in expected cash flows not affecting non-accretable differences | (1,445 | ) | | — |
| Reclassifications (to) from nonaccretable discount | 1,211 |
| | 1,720 |
| Accretion | (3,433 | ) | | (868 | ) | Balance at end of period | $ | 15,054 |
| | $ | 18,721 |
|
|